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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 1,299.08 -0.11 0.07 5.19 0.32 4.28 6.70 4.81 3.38 3.64 1.77 4.86 13.30
NAV 1,292.75 -0.09 -0.11 3.88 1.62 4.25 7.31 3.41 3.28 3.60 0.79 4.46 10.27
Difference 0.01 -0.18 -1.31 1.30 -0.03 0.62 -1.40 -0.11 -0.04 -0.99 -0.41 -3.03
* 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 5.17 3.99 10.47 4.35 -1.65 -4.70 -2.20 -4.96 8.41 - - - -
NAV 6.02 -2.12 0.39 4.18 1.07 -1.26 3.16 2.95 7.25 2.53 -1.00 -3.04 -1.58 -2.06 5.82 - - - -
Difference -5.19 -0.24 3.04 -2.05 0.47 0.44 -2.01 -1.05 -3.22 -1.82 0.65 1.66 0.62 2.90 -2.59 - - - -
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
-6.52%
1Yr Disc
-6.06%
3Yr Disc
-2.85%
5Yr Disc
-2.97%
Rel Disc Range (3yr)
36.82%
Mkt Yield
12.41%
Lev Adj NAV Yield
9.43%
After Tax Yield*
10.53%
Est Tax Friction*
1.88%
3Yr NAV Volatiliy
13.86
1 Yr RoC
51.37%
3 Yr Dest RoC
36.67%
Leverage
25.01%
Non Lev Exp Ratio
2.41%
Beta (2yr)
0.72
Equity Exposure
45.74%
Bond Exposure
51.23%
# Holdings
83
Cash Weighted Duration
1.59
Comp NAV TR
-0.58%
Comp Discount
1.64%
Net Assets (M)
733
Liquidity - 90d (K)
3,085
* 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


83 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
OCCI OFS Credit Company OFS Capital 1.13 -10.60 17.78 0.00 37.20 82 1,126
OXLC Oxford Lane Cap Corp Oxford Lane 1.13 5.26 19.20 0.00 32.32 985 7,799
ACP abrdn Incm Cr Stgs Fd abrdn 1.08 -4.41 18.43 9.42 29.17 355 2,118
ECC Eagle Point Cr Co Eagle Point 1.06 5.54 17.63 0.00 25.14 661 5,312
OPP RiverNorth DbLin Stgc Opp Fd RiverNorth 1.18 -11.30 14.73 43.28 37.10 216 1,068
PDI PIMCO Dyn Incm Fd PIMCO 1.17 6.03 14.89 9.15 42.30 4,624 26,033
EIC Eagle Point Incm Co Eagle Point 1.16 8.35 14.60 0.00 34.43 136 835
GOF Gghm Stgc Opp Fd Guggenheim Funds 1.02 10.95 16.21 56.50 22.39 1,570 12,598
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 1.14 4.78 14.53 0.00 40.85 313 2,184
CCIF Carlyle Cr Incm Fd Carlyle Glbl Cr Inv Mgmt 1.05 -6.22 15.51 11.92 0.00 96 454
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.12 -5.29 14.44 39.37 37.70 206 873
FAX abrdn Asia-Pacific Incm Fd abrdn 1.24 -9.60 12.09 42.48 30.50 748 2,161
AVK Advent Convt & Incm Fd Guggenheim Funds 1.13 -11.99 13.31 73.50 46.58 415 1,312
BRW Saba Cap Incm & Opp Fd Saba Capital 1.14 -8.22 13.04 91.59 18.53 362 991
HIX WA Hi Incm Fd II Franklin Templeton 1.20 0.85 12.41 18.76 28.53 313 823
NCV Virtus Convt & Incm Fd Virtus 1.17 -11.48 12.59 97.01 39.47 331 1,894
MSD MS Emrg Mkt Dbt Fd Morgan Stanley 1.18 -9.84 11.80 0.00 0.00 152 679
PFN PIMCO Incm Stgy Fd II PIMCO 1.20 1.30 12.29 20.32 23.77 586 1,949
NCZ Virtus Convt & Incm Fd II Virtus 1.20 -9.51 12.20 97.79 40.51 248 1,799
PHK PIMCO Hi Incm Fd PIMCO 1.21 5.09 12.13 3.72 22.16 674 2,871
PDO PIMCO Dyn Incm Opp Fd PIMCO 1.14 0.50 12.72 7.35 41.85 1,350 6,956
PAXS PIMCO Access Incm Fd PIMCO 1.14 -2.51 12.81 4.55 43.16 632 2,998
JQC Nuv Cr Stgs Incm Fd Nuveen 1.15 -11.75 12.51 5.63 38.85 796 3,005
PFL PIMCO Incm Stgy Fd PIMCO 1.19 3.43 12.00 11.61 22.18 303 981
WDI WA Divr Incm Fd Franklin Templeton 1.17 -8.89 12.49 0.00 32.82 781 2,383
FSCO FS Cr Opp Corp FS/KKR 1.19 -17.99 11.81 0.00 33.56 1,400 5,023
CCD Calamos Dyn Convt & Incm Fd Calamos 1.16 3.03 12.07 0.94 39.66 501 1,410
JFR Nuv Flt Rt Incm Fd Nuveen 1.11 -11.87 12.61 4.18 38.66 1,231 5,371
TEI Tmp Emrg Mkt Incm Fd Franklin Templeton 1.22 -10.56 10.91 7.79 16.58 268 1,043
EMD WA Emrg Mkt Dbt Fd Franklin Templeton 1.25 -9.89 11.02 26.69 30.36 615 1,760
KIO KKR Incm Opp Fd KKR Credit 1.14 -6.04 11.86 0.00 35.90 355 1,731
VVR Invsc Sr Incm Tr Invesco 1.16 -0.24 12.65 6.52 33.09 626 2,703
FSD FT Hi Incm Lng/Srt Fd First Trust 1.17 -9.38 11.15 49.70 32.81 415 1,147
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 1.14 -12.05 11.43 38.34 20.02 571 1,373
HIO WA Hi Incm Opp Fd Franklin Templeton 1.17 -9.29 11.18 6.85 0.00 399 1,153
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.66 4.34 14.79 0.00 60.36 374 2,262
PTMN Portman Ridge Fin Corpn Sierra Crest Inv Mgmt 0.59 -24.72 16.19 0.00 58.24 214 794
GECC Great Elm Cap Corp Great Elm Capital 0.69 -16.93 13.08 0.00 56.82 98 216
TRIN Trinity Capital Trinity Capital 0.70 12.60 13.22 0.00 45.68 575 4,628
OXSQ Oxford Square Cap Corp Oxford Lane 0.64 5.76 14.29 0.00 45.27 162 605
MRCC Monroe Capital Corp Monroe Capital 0.62 -23.70 13.68 0.00 61.03 208 418
FSK FS KKR Capital Corp FS/KKR 0.69 -17.76 12.51 0.00 52.30 6,971 26,215
CION CION Inv Corp CION Inv Mgmt 0.66 -30.63 12.41 0.00 58.44 858 2,118
PNNT PennantPark Inv Corp PennantPark 0.67 -15.19 12.86 0.00 44.83 502 2,253
RWAY Runway Gwth Fin Corp Runway Gwth Cap 0.66 -9.09 12.50 0.00 42.64 570 2,629
GSBD Goldman Sachs BDC Goldman Sachs 0.67 2.26 12.05 0.00 52.78 1,601 7,698
OFS OFS Capital Corp OFS Capital 0.65 -10.44 11.92 0.00 62.91 171 474
ICMB Investcorp Cr Mgmt BDC Investcorp 0.60 -38.08 13.30 0.00 55.89 84 76
PSEC Prospect Capital Corp Prospect Capital 0.62 -37.62 12.48 0.00 50.39 3,796 10,102
SCM Stellus Cap Inv Corp Stellus Capital 0.62 -2.27 12.41 0.00 63.60 318 2,204
CLM Cornerstone Stgc Val Fd Cornerstone 1.38 11.08 19.86 60.60 0.00 1,529 12,593
CRF Cornerstone Tot Rtn Fd Cornerstone 1.38 15.31 19.07 60.31 0.00 690 6,771
NXG NXG NextGen Infra Incm Fd Cushing 1.35 -13.18 19.13 30.11 26.08 86 856
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 1.58 -15.07 15.03 22.08 31.10 789 3,547
SRV NXG Cushing Midstream Nrg Fd Cushing 1.39 -7.94 15.78 60.62 25.09 82 1,047
RIV RiverNorth Opp Fd RiverNorth 1.53 -11.30 14.16 77.96 34.71 262 923
AWP abrdn Glbl Prmr Prop Fd abrdn 1.48 -10.10 13.15 67.17 18.12 347 1,217
GLO Clough Glbl Opp Fd Clough 1.53 -18.15 12.60 100.00 37.59 241 825
MEGI MainStay CBRE Glbl Infra MTrnd Trm New York Life 1.59 -15.00 11.82 0.00 28.00 777 2,609
HGLB Highland Glbl Alloc Fd NexPoint 1.52 -28.15 12.26 5.25 3.11 257 785
ZTR Virtus Tot Rtn Fd Virtus 1.67 -13.26 11.05 73.75 32.57 429 2,046
BMEZ BR Health Sci Trm Tr BlackRock 1.44 -16.19 7.75 82.82 0.00 1,802 7,671
BIGZ BR Innovation & Gwth Trm Tr BlackRock 1.55 -13.93 7.33 100.00 0.00 1,917 7,719
THW abrdn Wld Health Fd abrdn 1.46 -0.17 12.05 85.65 20.89 442 1,802
BSTZ BR Sci & Tech Trm Tr BlackRock 1.49 -19.37 7.33 63.88 0.00 1,583 6,984
NBXG NB Nxt Gen Connectivity Fd Neuberger Berman 1.51 -18.26 11.21 100.00 0.00 1,031 2,472
CPZ Calamos Lng-Srt Eq & Dyn Incm Calamos 1.45 -15.91 11.56 18.68 26.98 339 724
GUT Gabelli Util Tr Gabelli 1.66 104.79 10.03 93.25 25.00 218 1,225
AIO Virtus AI & Tech Opp Fd Virtus 1.54 -11.46 10.49 88.33 17.38 666 1,833
CHW Calamos Glbl Dyn Incm Fd Calamos 1.49 -13.67 10.68 57.67 34.37 416 814
USA Liberty All-Star Eq Fd ALPS 1.48 -5.88 9.87 0.00 0.00 1,768 5,125
NMAI Nuv Multi-Asset Incm Fd Nuveen 1.65 -9.16 12.90 29.10 30.76 456 958
BCAT BR Cap Alloc Trm Tr BlackRock 1.52 -11.47 10.22 68.70 0.00 1,817 4,860
GUG Gghm Active Alloc Fd Guggenheim Funds 1.52 -13.84 10.22 31.34 20.16 534 1,126
JCE Nuv Core Eq Alpha Fd Nuveen 1.62 2.41 9.40 71.94 0.00 214 644
HQH abrdn Health Invstr abrdn 1.44 -16.49 9.84 75.00 0.00 894 2,896
HQL abrdn Life Sci Invstr abrdn 1.44 -16.45 9.65 74.80 0.00 390 1,604
NML NB Nrg Infra & Incm Fd Neuberger Berman 1.45 -12.53 10.35 92.40 18.19 439 1,306
JRS Nuv Rel-Est Incm Fd Nuveen 1.63 -12.60 9.25 70.95 31.25 243 709
ECAT BR ESG Cap Alloc Trm Tr BlackRock 1.58 -9.86 9.43 84.37 0.00 1,798 5,178
FOF C&S CE Opp Fd Cohen&Steers 1.58 4.71 9.40 57.82 0.00 291 761
RLTY C&S Rel-Est Opp & Incm Fd Cohen&Steers 1.49 -14.46 10.01 68.48 38.12 258 915
NIE Virtus Eq & Convt Incm Fd Virtus 1.49 -10.97 9.78 36.59 0.00 637 1,545

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 %