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02. High Income Index

Data as of

About the Index

50% Equity focused income funds and 50% Bond/BDC focused income funds: (1) Funds need to have 90-day average trading dollar ($) liquidity over $500K. (2) Taxable Bond + Preferred Equity groupings according to CEFdata.com, ranked by top 35% current market price yield (40% of the index weighting), (3) Debt-Focused Business Development Companies (BDCs), top 35% ranked by current market price yield (10% of the index weighting). (4) US Equity, Non-US Equity, Specialty Equity and Hybrid/Balanced Funds groupings in CEFData.com with funds only included if they pay monthly or quarterly distributions without a large year-end distribution in both of the past two calendar years. This selection is then ranked by top 35% of funds by current market price yield (50% of index weighting) The index constituents will be rebalanced each quarter.

Index Performance

Current($) Previous Day(%) 1 Week(%) 1 Month(%) 3 Month(%) 6 Month(%) 1 Year(%) 3 Year(%) 5 Year(%) 10 Year(%) MTD(%) QTD(%) YTD(%)
Price 1,231.92 0.97 2.99 1.85 -1.92 -0.19 -4.46 9.11 0.88 3.10 2.28 1.14 7.44
NAV 1,238.07 0.90 2.11 0.86 1.60 1.61 -1.70 6.98 1.79 3.54 1.57 1.36 5.60
Difference -0.07 -0.88 -0.99 3.52 1.80 2.76 -2.13 0.91 0.44 -0.71 0.22 -1.84
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 11.21 -1.88 -2.64 6.23 0.60 -1.70 - - - - - - - - - - - - -
NAV 6.02 -2.12 0.39 4.18 1.07 -1.26 - - - - - - - - - - - - -
Difference -5.19 -0.24 3.04 -2.05 0.47 0.44 - - - - - - - - - - - - -
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -1.69 -2.49 1.60 -2.60 -6.25 -1.07 -7.60 -14.30 -16.53 8.50 -1.58 -13.08 -7.19 6.10 5.91 -6.75 4.79 -2.74 -18.82
NAV -2.02 -1.17 1.02 -2.18 -4.70 -0.80 -6.64 -11.75 -13.67 5.69 -2.40 -6.68 -3.74 3.13 4.52 -3.17 4.38 0.47 -13.27
Difference -0.33 1.31 -0.58 0.42 1.55 0.27 0.96 2.55 2.85 -2.81 -0.81 6.39 3.45 -2.98 -1.38 3.58 -0.41 3.22 5.55
2021 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2021
Price 3.07 5.52 4.49 13.65 4.37 2.56 1.93 9.10 24.00 0.24 1.82 -2.85 -0.85 3.98 -2.28 0.60 2.22 1.36 25.68
NAV 1.27 2.22 2.25 5.85 2.91 1.88 1.09 5.98 12.19 0.39 1.40 -1.62 0.15 2.28 -2.07 2.10 2.26 2.41 14.89
Difference -1.80 -3.30 -2.24 -7.79 -1.46 -0.68 -0.84 -3.12 -11.81 0.15 -0.42 1.24 1.00 -1.70 0.20 1.49 0.04 1.05 -10.78
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price -0.12 -10.78 -34.96 -42.04 21.51 6.53 -1.22 27.86 -25.90 2.19 3.50 -3.28 2.30 -1.47 16.90 3.83 19.59 22.34 -9.34
NAV -1.37 -6.57 -26.08 -31.89 15.62 4.34 0.44 21.17 -17.46 3.59 2.39 -2.11 3.83 0.35 9.24 3.67 13.64 18.00 -2.61
Difference -1.25 4.21 8.88 10.15 -5.89 -2.19 1.67 -6.68 8.43 1.40 -1.11 1.17 1.53 1.82 -7.66 -0.16 -5.95 -4.34 6.73
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 14.98 1.62 1.73 18.85 1.82 -3.40 4.02 2.32 21.61 1.41 -4.11 1.96 -0.84 -0.62 -0.23 3.79 2.91 2.04 24.09
NAV 8.73 1.35 2.01 12.41 1.06 -2.34 3.08 1.74 14.37 -0.10 -2.38 1.20 -1.31 -0.50 -0.41 4.02 3.08 1.73 16.35
Difference -6.25 -0.27 0.29 -6.44 -0.76 1.06 -0.94 -0.58 -7.24 -1.51 1.73 -0.76 -0.46 0.13 -0.18 0.22 0.17 -0.31 -7.74
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 2.43 -4.30 -1.81 -3.75 4.21 2.23 -0.35 6.15 2.17 3.05 1.41 -1.22 3.23 -8.13 0.45 -10.41 -17.31 -14.65 -12.79
NAV 2.81 -4.45 -1.76 -3.49 2.81 1.96 -0.13 4.68 1.03 3.05 0.68 -0.29 3.45 -4.66 0.10 -6.62 -10.89 -7.82 -6.87
Difference 0.38 -0.15 0.06 0.26 -1.40 -0.27 0.22 -1.47 -1.15 0.00 -0.73 0.93 0.22 3.46 -0.36 3.79 6.42 6.83 5.92
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 4.65 3.04 0.58 8.46 2.68 0.61 0.13 3.45 12.20 2.40 -1.83 2.40 2.94 -2.28 -1.67 3.21 -0.82 2.09 14.55
NAV 2.10 1.90 0.21 4.26 1.12 0.50 0.50 2.14 6.49 1.77 -0.59 1.45 2.64 -0.47 0.18 2.31 2.01 4.70 11.49
Difference -2.55 -1.14 -0.37 -4.20 -1.56 -0.11 0.37 -1.31 -5.71 -0.63 1.24 -0.95 -0.31 1.81 1.84 -0.90 2.83 2.60 -3.06
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -7.98 0.29 10.04 1.55 8.55 1.42 3.32 13.75 15.52 4.99 2.08 0.57 7.78 -2.49 1.07 1.81 0.34 8.15 24.93
NAV -7.03 -0.67 7.13 -1.07 7.12 1.92 2.50 11.91 10.70 2.84 1.52 1.73 6.21 -1.07 0.64 2.00 1.55 7.86 19.40
Difference 0.95 -0.97 -2.91 -2.63 -1.42 0.50 -0.82 -1.84 -4.81 -2.15 -0.56 1.17 -1.58 1.41 -0.42 0.19 1.21 -0.29 -5.53
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.75 4.19 -1.61 3.28 2.55 -0.88 -4.38 -2.80 0.39 -3.34 -4.33 -5.75 -12.84 8.36 -3.53 -4.80 -0.49 -13.27 -12.93
NAV -0.18 3.07 -1.02 1.84 2.60 0.15 -2.12 0.58 2.43 -1.11 -3.79 -4.14 -8.80 5.62 -3.04 -5.73 -3.46 -11.95 -9.81
Difference -0.93 -1.12 0.59 -1.44 0.05 1.02 2.26 3.37 2.04 2.23 0.54 1.61 4.04 -2.73 0.49 -0.92 -2.96 1.32 3.12
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price 0.42 3.75 0.23 4.43 1.61 2.44 2.06 6.25 10.96 -2.33 2.44 -4.27 -4.23 -0.06 -0.64 -5.93 -6.59 -10.54 -0.73
NAV -0.08 2.99 0.70 3.63 1.19 1.52 1.74 4.51 8.30 -1.13 1.83 -2.90 -2.24 -0.23 -0.83 -3.06 -4.08 -6.23 1.55
Difference -0.50 -0.76 0.46 -0.81 -0.43 -0.93 -0.33 -1.74 -2.66 1.21 -0.61 1.37 1.99 -0.17 -0.18 2.87 2.51 4.31 2.29
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 6.78 0.51 1.72 9.18 1.21 -1.76 -2.39 -2.96 5.95 1.14 -2.83 2.55 0.78 3.01 -1.11 1.19 3.08 3.89 10.07
NAV 3.64 -0.09 1.47 5.07 1.72 -0.41 -2.71 -1.44 3.55 2.71 -1.44 2.68 3.95 2.35 0.35 0.62 3.34 7.42 11.23
Difference -3.14 -0.61 -0.25 -4.11 0.51 1.36 -0.32 1.51 -2.40 1.58 1.39 0.13 3.16 -0.66 1.46 -0.57 0.26 3.53 1.16
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 8.54 3.57 -0.37 12.00 0.07 -5.11 3.45 -1.77 10.01 3.19 2.80 2.50 8.74 -1.57 -1.65 0.06 -3.13 5.34 15.88
NAV 4.29 3.06 0.38 7.88 0.15 -4.81 2.86 -1.93 5.80 2.07 1.88 2.38 6.46 0.17 0.21 1.42 1.81 8.39 14.68
Difference -4.25 -0.52 0.75 -4.11 0.08 0.31 -0.59 -0.16 -4.21 -1.13 -0.92 -0.12 -2.28 1.74 1.86 1.36 4.94 3.06 -1.20

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-7.48%
1Yr Disc
-6.58%
3Yr Disc
-4.62%
5Yr Disc
-4.27%
Rel Disc Range (3yr)
37.44%
Mkt Yield
12.40%
Lev Adj NAV Yield
9.32%
After Tax Yield*
10.43%
Est Tax Friction*
1.97%
3Yr NAV Volatiliy
14.55
1 Yr RoC
45.32%
3 Yr Dest RoC
25.39%
Leverage
25.93%
Non Lev Exp Ratio
2.32%
Beta (2yr)
0.75
Equity Exposure
46.22%
Bond Exposure
50.44%
# Holdings
86
Cash Weighted Duration
1.47
Comp NAV TR
-0.62%
Comp Discount
1.89%
Net Assets (M)
755
Liquidity - 90d (K)
2,541
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Asset Allocation

Asset Allocation as reported by each fund's sponsor as of the last reporting period.

Constituents


86 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
OCCI OFS Credit Company OFS Capital 1.20 14.39 22.68 0.00 38.12 80 539
ACP abrdn Incm Cr Stgs Fd abrdn 1.11 -2.76 17.91 0.00 29.70 359 1,758
OXLC Oxford Lane Cap Corp Oxford Lane 1.08 11.28 17.54 0.00 38.35 793 5,351
ECC Eagle Point Cr Co Eagle Point 1.01 14.98 16.45 0.00 29.48 518 3,631
PDI PIMCO Dyn Incm Fd PIMCO 1.13 4.81 14.45 0.00 41.69 4,500 20,245
RA Brkf Real Ast Incm Fd Brookfield 1.11 11.05 14.32 56.90 26.66 839 3,785
OPP RiverNorth DbLin Stgc Opp Fd RiverNorth 1.08 -12.94 14.57 52.69 34.58 222 980
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 1.14 6.11 15.45 0.00 40.86 242 1,300
GOF Gghm Stgc Opp Fd Guggenheim Funds 1.08 28.44 13.71 46.78 23.26 1,475 7,213
FSCO FS Cr Opp Corp FS/KKR 1.13 -29.80 12.98 0.00 36.35 1,291 3,016
KIO KKR Incm Opp Fd KKR Credit 1.12 -10.65 12.97 0.00 37.23 341 1,641
BRW Saba Cap Incm & Opp Fd Saba Capital 1.06 -8.57 13.08 81.40 26.94 367 933
NHS NB Hi Yld Stgs Fd Neuberger Berman 0.98 -8.08 14.25 26.74 42.30 161 693
VVR Invsc Sr Incm Tr Invesco 1.11 -7.90 12.55 17.86 33.76 620 2,663
FAX abrdn Asia-Pacific Incm Fd abrdn 1.09 -14.42 12.36 56.08 31.70 773 1,810
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.15 0.54 11.82 0.00 47.09 1,429 5,552
EVV EV Ltd Dur Incm Fd Eaton Vance 1.02 -11.03 10.07 38.40 35.40 1,202 3,053
AVK Advent Convt & Incm Fd Guggenheim Funds 1.08 -6.99 12.29 68.42 44.76 426 1,017
NCV Virtus Convt & Incm Fd Virtus 1.08 -14.14 12.44 86.36 43.62 345 1,883
HIX WA Hi Incm Fd II Franklin Templeton 1.07 1.07 12.48 7.26 28.02 304 760
AIF Apollo Tactical Incm Fd Apollo 1.10 -14.36 12.03 0.00 37.12 206 791
PHK PIMCO Hi Incm Fd PIMCO 1.09 3.52 12.23 0.00 22.26 665 1,696
PAXS PIMCO Access Incm Fd PIMCO 1.08 -4.42 12.36 0.00 44.74 667 2,345
PHD Pioneer Flt Rt Fd Amundi Asset Mgmt 1.06 -13.97 12.80 0.00 32.30 121 618
BWG BwGlobal Glbl Incm Opp Fd Franklin Templeton 1.07 -15.75 12.47 43.21 41.65 153 409
PFN PIMCO Incm Stgy Fd II PIMCO 1.11 4.50 11.97 12.62 25.82 578 1,337
PFL PIMCO Incm Stgy Fd PIMCO 1.10 3.84 12.03 7.14 28.21 297 760
NCZ Virtus Convt & Incm Fd II Virtus 1.07 -14.41 12.37 88.67 43.87 259 1,386
WDI WA Divr Incm Fd Franklin Templeton 1.09 -11.88 12.27 0.00 32.62 776 1,516
FTF FrkTmp Ltd Dur Incm Tr Franklin Templeton 1.08 -12.91 11.63 15.86 32.83 285 943
DSL DbLin Incm Solutions Fd Doubleline 1.12 -0.17 11.32 4.95 22.69 1,194 3,983
BGT BR Flt Rt Incm Fd BlackRock 1.10 -10.04 12.07 2.93 23.97 280 1,045
RCS PIMCO Stgc Incm Fd PIMCO 1.06 17.93 11.93 3.08 36.75 198 579
GHY PGIM Glbl Hi Yld Fd Prudential 1.08 -11.95 11.56 6.35 22.36 507 1,517
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.11 -7.58 11.75 2.99 23.23 456 1,873
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.15 19.39 10.97 0.00 34.96 1,507 5,663
TEI Tmp Emrg Mkt Incm Fd Franklin Templeton 1.07 -10.41 11.45 58.55 15.68 264 765
ICMB Investcorp Cr Mgmt BDC Investcorp 0.70 -36.70 13.40 0.00 61.46 88 88
GECC Great Elm Cap Corp Great Elm Capital 0.58 -33.08 17.61 0.00 47.26 90 263
FSK FS KKR Capital Corp FS/KKR 0.73 -21.22 13.03 0.00 54.26 6,982 20,727
RWAY Runway Gwth Fin Corp Runway Gwth Cap 0.67 -15.99 13.54 0.00 49.76 570 1,789
TRIN Trinity Capital Trinity Capital 0.68 -2.52 14.76 0.00 54.08 470 4,999
PNNT PennantPark Inv Corp PennantPark 0.72 -26.32 14.29 0.00 55.16 496 2,060
CION CION Inv Corp CION Inv Mgmt 0.65 -36.14 14.09 0.00 61.24 828 2,067
MFIC MidCap Fin Invt Corp Apollo 0.70 -20.62 12.61 0.00 59.24 994 2,520
OXSQ Oxford Square Cap Corp Oxford Lane 0.62 3.21 14.53 0.00 55.65 140 666
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.59 -9.18 14.83 0.00 58.51 421 3,295
PTMN Portman Ridge Fin Corpn Sierra Crest Inv Mgmt 0.64 -18.46 14.37 0.00 59.59 225 346
GSBD Goldman Sachs BDC Goldman Sachs 0.67 -7.76 13.51 21.57 53.67 1,581 8,710
MRCC Monroe Capital Corp Monroe Capital 0.65 -26.72 13.26 0.00 59.49 223 399
OFS OFS Capital Corp OFS Capital 0.60 -30.33 14.12 0.00 63.70 180 302
BCSF Bain Cap Splty Fin BCSF Advisors 0.72 -27.46 12.06 0.00 54.02 1,121 2,358
CRF Cornerstone Tot Rtn Fd Cornerstone 1.56 15.66 18.33 90.68 0.00 696 5,185
CLM Cornerstone Stgc Val Fd Cornerstone 1.55 16.47 18.28 90.60 0.00 1,535 9,787
SRV NXG Cushing Midstream Nrg Fd Cushing 1.61 -3.47 15.28 22.40 16.67 81 1,033
ZTR Virtus Tot Rtn Fd Virtus 1.45 -6.54 15.26 58.75 29.91 462 1,429
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 1.45 -12.94 13.90 12.36 31.09 833 3,655
RIV RiverNorth Opp Fd RiverNorth 1.47 -8.26 13.67 63.81 34.96 262 853
GLQ Clough Glbl Eq Fd Clough 1.46 -17.20 12.04 72.62 49.00 138 443
GLO Clough Glbl Opp Fd Clough 1.46 -17.10 12.08 76.56 48.75 252 1,030
AWP abrdn Glbl Prmr Prop Fd abrdn 1.38 -8.83 12.57 72.08 13.78 358 1,082
NBXG NB Nxt Gen Connectivity Fd Neuberger Berman 1.47 -20.35 11.62 100.00 0.00 1,022 2,249
IFN India Fund abrdn 1.49 -3.12 10.05 1.62 0.00 476 1,134
CPZ Calamos Lng-Srt Eq & Dyn Incm Calamos 1.43 -16.33 11.27 22.55 25.59 350 631
NML NB Nrg Infra & Incm Fd Neuberger Berman 1.47 -15.80 10.78 64.02 17.65 437 975
DPG D&P Util & Infra Fd Virtus 1.38 12.20 11.11 80.46 27.83 428 1,060
BIGZ BR Innovation & Gwth Trm Tr BlackRock 1.41 -16.59 10.99 100.00 0.00 2,078 6,340
BMEZ BR Health Sci Trm Tr BlackRock 1.44 -14.10 10.73 36.94 0.00 2,045 4,654
NMAI Nuv Multi-Asset Incm Fd Nuveen 1.49 -15.65 10.41 3.42 32.22 457 932
JCE Nuv Core Eq Alpha Fd Nuveen 1.56 -1.53 9.92 23.24 0.00 211 570
BSTZ BR Sci & Tech Trm Tr BlackRock 1.42 -15.06 10.83 54.08 0.00 1,627 4,597
AIO Virtus AI & Tech Opp Fd Virtus 1.47 -12.05 10.49 54.62 16.28 670 1,374
THW Tekla Wld Health Fd Tekla 1.53 12.17 9.87 73.67 20.01 475 1,179
NIE Virtus Eq & Convt Incm Fd Virtus 1.51 -11.64 9.83 4.12 0.00 638 1,358
GUG Gghm Active Alloc Fd Guggenheim Funds 1.46 -12.92 10.27 10.15 26.13 526 1,039
BCAT BR Cap Alloc Trm Tr BlackRock 1.47 -12.33 10.15 47.46 0.00 1,859 3,831
CHW Calamos Glbl Dyn Incm Fd Calamos 1.45 -11.60 10.22 93.91 26.28 424 774
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 1.49 -5.87 9.76 57.97 12.00 604 2,007
KYN KA Nrg Infra Fd Kayne Anderson 1.41 -16.72 10.28 10.12 24.75 1,335 3,945
USA Liberty All-Star Eq Fd ALPS 1.43 -1.29 9.82 10.52 0.00 1,660 3,940
TYG Tortoise Nrg Infra Corp Tortoise 1.43 -19.34 10.12 23.75 22.30 394 1,053
ECAT BR ESG Cap Alloc Trm Tr BlackRock 1.48 -11.82 9.57 72.52 0.00 1,819 5,268
FOF C&S CE Opp Fd Cohen&Steers 1.44 0.75 9.77 48.63 0.00 291 497
HQH Tekla Health Invstr Tekla 1.40 -14.64 9.40 50.93 0.00 944 1,981
HQL Tekla Life Sci Invstr Tekla 1.42 -15.02 9.43 51.18 0.00 410 947
IGD Voya Glbl Eq Div & Prm Opp Voya 1.45 -13.19 9.60 56.60 0.00 457 1,105

DISCLOSURES:

These indexes were created and developed by Closed-End Fund Advisors, Inc. CEF Advisors launched these indexes in January 2017 based on December 31, 2016 data and began pricing on January 1, 2019. CEF Advisors does not guarantee the accuracy or the completeness of the index or any data included therein and CEF Advisors shall have no liability for any errors, omissions or interruptions therein. CEF Advisors makes no warranty, express or implied, as to results to be obtained by any person or entity from the use of the index or any data included therein. CEF Advisors makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, in no event shall CEF Advisors have any liability for any special, punitive, direct, indirect or consequential damages (including lost profits) arising out of matters relating to the use of the index, even if notified of the possibility of such damages.

The historical values above have not been verified by an independent third party. The historical performance data is for illustrative purposes only and does not represent the actual performance of any investment product. No representation is being made that any investment will achieve performance similar to that shown. The index does not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the historical performance shown. The index is unmanaged and an investor cannot invest directly in the index.

Performance information for the index is for illustrative purposes only and does not represent the performance of any actual investment. The historical performance of the price and NAV of the index should not be taken as an indication of future performance, and no assurance can be given as to the index's value on any date. The data for the historical performance of the index was calculated on materially the same basis on which the performance of the index is now calculated. Discounts are the result of a closed-end fund’s market price deviating from its Net Asset Value (NAV).

In case any constituents of the index experience a liquidation, merger, open-ending or are no longer a closed-end fund, we will remove them as of their last day of existence. For mergers, if the merged fund is in the same sub-grouping inside CEFdata.com, then we will replace the merged fund with it's replacement in equal dollar terms. If a fund is liquidated, open-ended, etc, we will remove the fund and its allocation from the index. In this case, for example. If a fund was 2% of the index then future pricing would assume a full allocation was 98%. The 2% is adsorbed on a pro-rata basis by all surviving funds.

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Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %