CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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04. 60/40 Balanced (w/ BDCs) Index

Data as of

About the Index

30% weighting of the index from CEF Advisors' Equity Income Index, 30% weighting of the index from CEF Advisors' Global Equity Index, then for bond exposure; the top 50% ranked by 90-day average trading dollar ($) liquidity: Multi-Sector Bond (8%) Debt-Focused Business Development Companies (BDCs) (6%), Sr. Loan Funds (6%), High Yield Bond (6%), Preferred Equity (5%), Convertible (5%), and Build America Bond (taxable municipals / BABs) (4%). 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(%) MTD(%) QTD(%) YTD(%)
Price 1,222.91 1.17 -0.29 -3.41 6.62 27.09 -4.90 1.34 7.62 -3.57 4.25 -10.21
NAV 1,240.46 0.99 0.33 -2.70 7.09 24.32 0.87 3.33 6.64 -2.67 5.15 -4.55
Difference -0.18 0.62 0.71 0.47 -2.77 5.77 1.99 -0.98 0.91 0.90 5.66
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price 0.36 -9.50 -21.75 -28.93 12.59 5.87 1.68 21.20 -13.87 4.09 3.86 - - - - - - - -
NAV -0.28 -5.29 -18.27 -22.82 10.16 4.39 2.27 17.61 -9.23 4.52 3.37 - - - - - - - -
Difference -0.64 4.21 3.48 6.12 -2.44 -1.48 0.60 -3.59 4.64 0.42 -0.50 - - - - - - - -
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 11.90 2.46 1.13 15.95 2.46 -4.08 5.17 3.37 19.86 1.28 -1.92 2.32 1.63 1.04 1.10 2.96 5.18 6.90 28.13
NAV 7.27 2.04 1.33 10.91 1.97 -3.42 4.31 2.73 13.93 0.35 -1.13 1.36 0.57 1.14 0.95 2.96 5.13 5.72 20.45
Difference -4.64 -0.42 0.20 -5.04 -0.50 0.66 -0.86 -0.65 -5.93 -0.93 0.79 -0.95 -1.07 0.10 -0.15 -0.00 -0.05 -1.18 -7.68
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 2.27 -3.15 -0.68 -1.62 1.62 0.68 -0.18 2.12 0.47 2.52 1.28 -0.97 2.83 -8.02 1.60 -7.42 -13.48 -11.03 -10.61
NAV 3.15 -3.55 -0.69 -1.19 0.89 0.49 -0.22 1.16 -0.05 2.59 0.70 -0.23 3.07 -5.02 0.62 -5.01 -9.22 -6.43 -6.47
Difference 0.88 -0.40 -0.01 0.42 -0.73 -0.19 -0.04 -0.96 -0.52 0.07 -0.57 0.73 0.24 3.00 -0.98 2.41 4.26 4.60 4.14
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.74 2.93 0.91 7.75 2.97 0.94 0.87 4.85 12.97 2.43 -0.84 2.42 4.03 -0.01 -0.68 1.90 1.18 5.26 18.91
NAV 2.11 2.27 0.74 5.21 1.33 1.08 0.90 3.34 8.73 2.02 0.08 1.29 3.42 0.75 0.81 1.01 2.59 6.10 15.36
Difference -1.62 -0.65 -0.17 -2.54 -1.64 0.13 0.03 -1.51 -4.25 -0.41 0.92 -1.13 -0.61 0.77 1.50 -0.89 1.41 0.84 -3.56
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -5.40 0.25 7.55 2.00 3.32 0.95 2.24 6.63 8.77 4.62 0.92 -0.50 5.06 -2.65 0.37 2.25 -0.10 4.95 14.16
NAV -3.90 -0.71 5.51 0.67 2.47 1.09 1.09 4.72 5.42 3.36 0.45 0.51 4.36 -1.25 -0.04 1.69 0.37 4.75 10.43
Difference 1.50 -0.96 -2.05 -1.33 -0.85 0.14 -1.14 -1.91 -3.35 -1.26 -0.47 1.01 -0.70 1.40 -0.41 -0.56 0.47 -0.21 -3.73
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.83 3.78 -1.13 3.47 1.72 -0.53 -3.83 -2.69 0.68 -2.04 -4.99 -4.34 -10.96 7.42 -1.82 -1.95 3.41 -7.93 -7.30
NAV 0.26 3.08 -0.57 2.76 1.76 0.13 -2.17 -0.31 2.43 -0.34 -4.22 -3.33 -7.73 5.09 -1.41 -2.84 0.68 -7.10 -4.84
Difference -0.57 -0.70 0.56 -0.71 0.04 0.66 1.66 2.38 1.75 1.70 0.77 1.01 3.24 -2.33 0.41 -0.88 -2.73 0.83 2.46

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-9.81%
1Yr Disc
-7.17%
3Yr Disc
-5.61%
5Yr Disc
-6.16%
Rel Disc Range (3yr)
52.29%
Mkt Yield
9.07%
Lev Adj NAV Yield
6.89%
After Tax Yield*
7.57%
Est Tax Friction*
1.50%
3Yr NAV Volatiliy
19.27
1 Yr RoC
23.58%
3 Yr Dest RoC
16.18%
Leverage
20.79%
Non Lev Exp Ratio
1.56%
Beta (2yr)
0.85
Equity Exposure
54.72%
Bond Exposure
42.53%
# Holdings
167
Cash Weighted Duration
1.27
Comp NAV TR
2.35%
Comp Discount
1.38%
Net Assets (M)
832
Liquidity - 90d (K)
2,430
* 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


167 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 0.70 5.32 10.65 0.00 45.78 2,705 11,245
DSL DbLin Incm Solutions Fd Doubleline 0.67 -2.04 11.34 7.10 27.89 1,650 5,412
PDI PIMCO Dyn Incm Fd PIMCO 0.66 6.45 10.69 0.00 42.88 1,427 6,193
BTZ BR Cr Alloc Incm Tr BlackRock 0.69 -6.02 7.16 15.24 28.91 1,398 3,923
RA Brkf Real Ast Incm Fd Brookfield 0.66 -12.38 14.30 22.66 25.13 840 2,677
PHK PIMCO Hi Incm Fd PIMCO 0.66 4.67 10.71 0.00 31.25 682 2,667
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.68 9.19 12.43 62.67 24.33 714 2,726
BIT BR Mlt-Sctr Incm Tr BlackRock 0.71 -10.50 9.46 25.92 33.54 658 1,940
PKO PIMCO Incm Opp Fd PIMCO 0.65 2.15 10.21 0.00 44.85 424 2,040
BHK BR Core Bnd Tr BlackRock 0.65 -3.78 5.23 6.23 23.71 870 2,645
PFN PIMCO Incm Stgy Fd II PIMCO 0.68 5.47 10.60 0.96 33.07 614 1,816
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.68 -13.67 7.50 5.09 44.88 1,047 2,006
ARCC Ares Capital Corp Ares 0.24 -10.87 11.34 0.00 50.96 6,690 30,243
FSKR FS KKR Capital Corp. II FS/KKR 0.28 -40.21 15.19 0.00 43.65 4,163 10,275
MAIN Main Street Cap Corp Main Street Capital 0.25 45.61 8.10 0.00 44.46 1,373 10,046
ORCC Owl Rock Capital Corp Owl Rock 0.26 -14.39 9.98 0.00 36.80 5,586 13,243
PSEC Prospect Capital Corp Prospect Capital 0.26 -37.41 14.06 0.00 40.33 3,084 7,062
GBDC Golub Capital BDC Golub Capital 0.28 -6.19 8.80 0.00 45.74 2,350 6,370
FSK FS KKR Capital Corp FS/KKR 0.30 -31.28 14.94 0.00 56.47 2,892 10,390
HTGC Hercules Capital Hercules 0.28 12.46 11.17 0.00 51.25 1,164 8,185
NMFC New Mountain Fin Corp New Mountain Capital 0.26 -15.91 12.27 5.36 59.40 1,126 4,522
TSLX Sixth St Splty Lending Sixth St Splty Lending 0.27 6.90 9.54 0.00 43.22 1,087 7,227
AINV Apollo Inv Corp Apollo 0.24 -44.08 14.50 0.00 62.64 1,028 3,802
GSBD Goldman Sachs BDC Goldman Sachs 0.26 6.47 11.17 0.00 58.64 612 2,484
CGBD TCG BDC Carlyle 0.29 -35.54 13.42 0.00 55.44 833 2,314
TCPC BR TCP Capital Corp BlackRock 0.28 -16.46 11.76 0.55 56.36 705 3,028
NEWT Newtek Biz Serv Corp Newtek 0.27 21.07 12.24 0.00 50.20 332 3,185
BCSF Bain Cap Splty Fin BCSF Advisors 0.25 -31.75 12.60 0.00 59.09 1,021 2,156
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.29 -13.06 12.58 0.00 41.84 405 2,132
SLRC Solar Capital Solar Capital 0.26 -18.80 10.04 0.80 26.36 850 2,039
OCSL Oaktree Splty Lending Oaktree Capital 0.27 -20.03 8.62 0.00 46.19 858 2,175
GAIN Gladstone Inv Corp Gladstone 0.23 -13.80 8.96 0.00 34.38 361 1,871
PFLT PennantPark Flt Rt Cap PennantPark 0.27 -29.19 13.24 0.00 58.68 471 1,428
HRZN Horizon Tech Fin Corp Horizon Tech Fin 0.29 5.50 9.77 0.00 48.51 201 1,723
CSWC Cap Southwest Corp Capital Southwest 0.27 -1.81 13.90 0.00 53.55 278 1,089
JQC Nuv Cr Stgs Incm Fd Nuveen 0.40 -13.99 16.47 59.47 35.74 930 3,201
HFRO Highland Incm Fd Highland Capital 0.43 -30.68 10.51 17.36 35.10 905 3,234
VVR Invsc Sr Incm Tr Invesco 0.41 -14.82 6.63 12.93 29.00 650 3,271
VTA Invsc Dyn Cr Opp Fd Invesco 0.41 -15.96 9.71 0.99 30.00 695 3,039
BGB B/GSO Stgc Cr Fd GSO / Blackstone 0.41 -11.27 7.91 0.00 37.61 611 1,792
JFR Nuv Flt Rt Incm Fd Nuveen 0.41 -12.54 6.65 0.00 36.10 540 3,103
EFT EV Flt-Rt Incm Tr Eaton Vance 0.41 -13.54 6.23 0.00 34.80 551 1,042
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.40 -14.21 8.20 16.58 30.14 477 1,041
EFR EV Sr Flt-Rt Tr Eaton Vance 0.40 -13.92 6.67 0.00 35.80 500 1,008
PPR Voya Prime Rt Tr Voya 0.42 -7.74 3.81 0.00 28.22 695 1,193
FCT FT Sr Flt Rt Incm Fd II First Trust 0.40 -11.79 11.38 28.03 29.38 328 1,064
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.41 -12.98 6.60 0.00 36.09 381 1,913
BSL B/GSO Sr Flt Rt Trm Fd GSO / Blackstone 0.42 -10.16 6.92 0.00 32.92 224 808
ARDC Ares Dyn Cr Alloc Fd Ares 0.41 -14.75 9.24 0.00 28.52 340 1,085
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 0.42 -10.39 8.12 0.00 39.18 182 925
HYT BR Corp Hi Yld Fd BlackRock 0.36 -5.88 8.85 11.15 30.79 1,368 4,097
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 0.37 -11.04 9.42 0.00 30.22 224 3,783
DHY CS Hi Yld Bnd Fd Credit Suisse 0.37 -9.62 9.17 5.21 30.29 247 2,975
HIO WA Hi Incm Opp Fd Legg Mason 0.37 -6.27 7.91 8.32 0.00 667 1,872
HIX WA Hi Incm Fd II Legg Mason 0.36 -5.71 9.13 5.24 29.90 575 1,516
ISD PGIM Hi Yld Bnd Fd Prudential 0.36 -12.79 9.15 3.99 25.16 525 1,360
EAD WF Incm Opp Fd Wells Fargo 0.36 -12.07 9.24 0.00 25.00 507 1,303
DSU BR Dbt Stgs Fd BlackRock 0.37 -10.71 8.53 18.29 34.27 526 1,469
KIO KKR Incm Opp Fd KKR Credit 0.38 -6.85 11.04 0.58 32.21 297 1,246
GHY PGIM Glbl Hi Yld Fd Prudential 0.36 -13.37 9.49 2.75 25.88 627 1,219
DLY DbLin Yld Opp Fd Doubleline 0.35 -2.50 7.81 21.75 12.52 1,103 1,778
ACP Abd Incm Cr Stgs Fd Aberdeen 0.38 -4.50 12.30 15.71 31.52 178 1,198
FSD FT Hi Incm Lng/Srt Fd First Trust 0.37 -10.46 9.46 30.18 20.89 526 979
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.37 -10.25 9.46 0.00 25.87 300 774
CIK CS Ast Mgmt Incm Fd Credit Suisse 0.38 -8.95 9.15 2.44 31.47 169 3,016
HYI WA Hi Yld Dfin Opp Fd Legg Mason 0.35 -7.68 8.07 0.46 0.00 345 777
EHI WA Glbl Hi Incm Fd Legg Mason 0.36 -5.33 8.38 1.85 30.40 445 548
JPS Nuv Pref & Incm Sec Fd Nuveen 0.63 -4.25 6.90 0.54 35.33 1,869 3,933
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.63 6.14 7.46 0.00 33.70 870 2,130
FPF FT Imd Dur Pref & Incm Fd First Trust 0.61 -5.59 7.47 2.00 30.74 1,370 2,636
JPC Nuv Pref & Incm Opp Fd Nuveen 0.63 -5.47 7.51 0.98 36.04 926 2,098
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 0.67 7.03 7.35 0.00 33.90 483 1,550
PDT JH Prm Div Fd John Hancock 0.57 -1.36 9.47 10.46 37.33 609 1,271
HPI JH Pref Incm Fd John Hancock 0.58 1.68 7.88 4.09 32.32 483 1,186
JPI Nuv Pref & Incm Trm Fd Nuveen 0.60 -2.86 7.09 0.28 33.01 518 1,472
CHY Calamos Convt & Hi Incm Fd Calamos 1.01 -12.66 8.75 1.90 29.56 978 2,989
CHI Calamos Convt Opp & Incm Calamos 1.02 -13.02 8.71 1.98 29.16 899 2,368
NCZ AG Convt & Incm Fd II Allianz 1.04 -13.29 10.95 32.01 42.29 361 2,518
CCD Calamos Dyn Convt & Incm Fd Calamos 1.06 -10.18 8.80 3.85 28.96 621 1,928
NCV AG Convt & Incm Fd Allianz 1.04 -12.85 11.06 36.65 41.79 478 2,738
BBN BR Taxable Muni BndTr BlackRock 2.01 3.19 5.18 0.08 33.73 1,436 4,372
NBB Nuv Taxable Muni Incm Fd Nuveen 2.02 -1.41 4.98 0.00 36.28 619 1,211
ADX Adams Divr Eq Fd Adams Funds 0.84 -14.55 5.59 0.00 0.00 2,047 3,006
AGD Abd Glbl Dyn Div Fd Aberdeen 0.80 -14.23 8.57 3.67 0.00 133 365
AOD Abd Tot Dyn Div Fd Aberdeen 1.12 -14.36 8.77 6.23 0.00 969 2,144
ASG Liberty All-Star Gwth Fd ALPS 0.90 3.03 7.28 0.00 0.00 289 1,656
BGY BR Enh Intl DivTr BlackRock 1.12 -13.56 7.67 56.93 0.00 640 1,068
BIF Boulder Gwth & Incm Fd Boulder 1.27 -17.46 4.07 22.86 0.00 1,219 1,780
BSTZ BR Sci & Tech Tr II BlackRock 1.20 -12.89 4.79 100.00 0.00 2,247 6,244
CAF MS China A Shr Fd Morgan Stanley 0.85 -17.18 3.87 0.00 0.00 560 1,519
CET Cntrl Sec Corp Central Securities 0.78 -17.85 4.66 0.00 0.00 909 500
CLM Cornerstone Stgc Val Fd Cornerstone 1.30 14.54 20.46 86.75 0.00 726 6,583
CRF Cornerstone Tot Rtn Fd Cornerstone 1.30 17.61 20.05 89.12 0.00 370 3,868
DNI Div & Incm Fd Bexil 0.73 -32.42 10.71 62.26 13.25 173 418
EMF Tmp Emrg Mkt Fd Templeton 0.87 -11.72 7.54 0.00 3.64 280 563
EOD WF Glbl Div Opp Fd Wells Fargo 1.07 -15.62 12.95 0.00 18.50 215 675
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.65 -12.29 8.33 14.20 23.60 1,285 2,352
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.78 -11.45 8.28 7.35 23.10 366 1,061
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.63 -7.62 8.86 7.41 23.00 1,563 3,112
FDEU FT Dyn Euro Eq Incm Fd First Trust 1.72 -15.12 7.16 56.73 25.01 204 615
GAB Gabelli Eq Tr Gabelli 0.82 3.60 11.58 72.72 24.00 1,298 2,782
GAM General American Invstr General American Inv 0.83 -17.88 7.24 0.00 16.69 1,016 1,005
GDV Gabelli Div & Incm Tr Gabelli 1.66 -15.93 7.27 16.21 18.00 1,955 4,249
GLQ Clough Glbl Eq Fd Clough 0.83 -17.63 11.91 45.15 38.76 179 556
HGLB Highland Glbl Alloc Fd Highland Capital 1.06 -35.43 16.36 10.82 16.03 215 613
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 1.08 -14.35 7.96 59.15 28.05 132 666
IDE Voya Infra Ind & Matrls Fd Voya 0.84 -15.38 9.62 70.28 0.00 215 574
IFN India Fund Aberdeen 0.82 -14.63 11.26 14.29 0.00 515 1,415
IGD Voya Glbl Eq Div & Prm Opp Voya 1.13 -15.46 9.76 72.75 0.00 563 1,714
IIF MS India Inv Fd Morgan Stanley 0.82 -17.36 0.16 0.00 0.00 235 898
JCE Nuv Core Eq Alpha Fd Nuveen 0.82 -10.57 7.14 9.31 0.00 226 667
JTD Nuv Tx-Adv Div Gwth Fd Nuveen 0.80 -13.96 9.23 3.12 28.78 215 543
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 1.23 -9.68 8.11 16.87 32.20 227 765
RMT Royce Micro-Cap Tr Legg Mason 0.84 -17.21 8.10 18.31 5.63 398 1,273
RVT Royce Val Tr Legg Mason 1.21 -15.39 7.94 8.74 4.64 1,495 2,896
SOR Source Capital First Pacific 0.86 -11.67 2.74 0.00 0.00 350 621
TDF Tmp Dragon Fd Templeton 0.94 -12.29 8.43 0.00 0.00 839 1,606
TY Tri-Cont Corp Columbia Mngmt 1.24 -13.58 4.06 0.00 2.40 1,592 1,325
USA Liberty All-Star Eq Fd ALPS 1.26 -7.44 10.72 0.00 0.00 1,373 4,152
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.19 -12.05 10.03 92.90 0.00 2,538 4,638
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.20 -1.34 6.42 94.72 0.00 1,015 4,385
BST BR Sci & Tech Tr BlackRock 0.21 0.09 4.69 29.01 0.00 1,022 4,247
BDJ BR Enh Eq Div Tr BlackRock 0.19 -11.97 8.24 1.85 0.00 1,551 4,199
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.18 2.67 9.61 94.96 0.00 1,224 3,313
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.19 -8.55 9.27 77.44 0.00 1,810 3,655
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.19 -10.46 10.19 60.40 0.00 1,028 2,367
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.19 -12.47 7.71 47.28 0.00 1,327 3,186
EOS EV Enh Eq Incm Fd II Eaton Vance 0.19 -2.91 6.47 64.09 0.00 938 2,548
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 0.19 -1.44 9.52 69.34 0.00 620 2,200
NFJ AG Div Int & Prm Stgy Fd Allianz 0.20 -14.40 7.65 7.00 0.00 1,304 2,584
STK ClmbSlgmn Prm Tech Gwth Fd Columbia Mngmt 0.19 -1.99 8.53 44.10 0.00 352 1,354
CII BR Enh Cap & Incm Fd BlackRock 0.20 -10.36 6.86 37.00 0.00 754 1,771
KYN KA MLP/Midstream Inv Co Kayne Anderson 0.17 -25.41 14.81 100.00 33.33 687 3,612
TYG Tortoise Nrg Infra Corp Tortoise 0.20 -26.04 8.12 81.16 29.00 261 1,713
FEI FT MLP & Nrg Incm Fd First Trust 0.19 -23.66 12.74 68.23 20.14 290 1,067
CEM CB MLP & Midstream Fd Legg Mason 0.16 -25.52 16.99 86.73 34.01 209 938
NTG Tortoise Midstream Nrg Fd Tortoise 0.19 -27.31 8.53 95.50 25.20 124 703
FEN FT Nrg Incm & Gwth Fd First Trust 0.19 -22.45 13.16 83.90 20.25 235 960
KMF KA Midstream/Nrg Fd Kayne Anderson 0.20 -27.07 8.67 67.94 30.67 269 709
EMO CB Nrg Midstream Opp Fd Legg Mason 0.17 -27.60 14.57 85.72 31.35 175 704
NML NB MLP & Nrg Incm Fd Neuberger Berman 0.18 -28.36 6.73 96.68 12.50 190 558
CTR CB MLP & Midstream Tot Rtn Fd Legg Mason 0.17 -26.25 15.95 100.00 25.91 104 406
FPL FT New Opp MLP & Nrg Fd First Trust 0.19 -21.08 12.26 56.07 22.07 120 535
RQI C&S Qlty Incm Rty Fd Cohen & Steers 0.83 -8.31 8.61 0.00 24.20 1,632 5,160
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 0.81 -18.94 10.08 60.54 21.44 856 2,361
AWP Abd Glbl Prmr Prop Fd Aberdeen 0.81 -16.09 10.34 50.96 0.00 472 1,847
HQH Tekla Health Invstr Tekla 0.77 -14.36 9.58 0.00 0.00 1,029 2,843
THQ Tekla Health Opp Fd Tekla 0.81 -11.49 7.62 75.00 21.56 827 1,918
THW Tekla Wld Health Fd Tekla 0.80 0.00 9.97 88.37 22.02 423 1,551
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.81 -13.89 10.56 75.68 11.00 653 4,418
BCX BR Res & Com Stgy Tr BlackRock 0.79 -16.87 7.99 65.97 0.00 647 1,564
BGR BR Nrg & Res Tr BlackRock 0.68 -12.93 9.31 57.92 0.00 206 966
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.44 -3.07 8.37 11.15 29.68 2,120 3,551
NIE AG Eq & Convt Incm Fd Allianz 0.44 -12.58 6.28 5.75 0.00 767 1,901
ZTR Virtus Tot Rtn Fd Virtus 0.40 -10.58 12.21 68.46 26.27 417 998
GLO Clough Glbl Opp Fd Clough 0.43 -16.53 11.71 72.52 39.11 355 1,343
FOF C&S CE Opp Fd Cohen & Steers 0.42 -2.73 9.47 57.97 0.00 309 1,037
RIV RiverNorth Opp Fd RiverNorth 0.40 -2.89 14.96 76.18 6.64 139 929
UTG Reaves Util Incm Fd W.H. Reaves 0.50 0.42 6.95 0.00 23.47 1,593 6,052
UTF C&S Infra Fd Cohen & Steers 0.49 -2.80 8.37 2.61 28.60 2,138 4,803
DNP DNP Sel Incm Fd Duff & Phelps 0.46 19.72 7.69 34.27 27.22 2,573 4,223
DPG D&P Util & Infra Fd Duff & Phelps 0.44 -15.09 13.82 56.00 31.88 453 1,199
MGU Macquarie Glbl Infra Tot Rtn Macquarie 0.48 -18.18 5.17 13.14 29.76 265 885
IAE Voya AP Hi Div Eq Incm Fd Voya 1.01 -10.82 10.98 74.18 0.00 104 248
AEF Abd Emrg Mkt Eq Incm Fd Aberdeen 1.02 -15.12 2.73 0.00 9.71 383 268
CUBA Herzfeld Caribbean Basin Fd Herzfeld Cuba 0.92 -23.11 17.44 87.77 0.00 28 111
BTO JH Fin Opp Fd John Hancock 0.88 9.19 10.40 21.65 23.81 362 1,787

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 %