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

Data as of 06/21/2019 05/31/2019 04/30/2019 03/29/2019 02/28/2019 01/31/2019 12/31/2018 11/30/2018 10/31/2018 09/28/2018 08/31/2018 07/31/2018 06/29/2018 05/31/2018 04/30/2018 03/29/2018 02/28/2018 01/31/2018 12/29/2017 11/30/2017 10/31/2017 09/29/2017 08/31/2017 06/30/2017

• About
• Performance
• Discount
• Characteristics
• Asset Allocation
• Constituents
• Prices
• Disclosure

Index Performance

	Current($)	Previous Day(%)	1 Week(%)	1 Month(%)	3 Month(%)	6 Month(%)	1 Year(%)	3 Year(%)	5 Year(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,262.36	0.05	1.41	1.97	2.53	25.55	5.68	10.37	5.56	4.21	2.43	18.38
NAV	1,222.13	0.02	1.67	2.19	2.27	16.32	6.00	8.99	4.98	3.71	2.14	13.04
Difference		-0.03	0.26	0.22	-0.26	-9.23	0.32	-1.38	-0.58	-0.50	-0.29	-5.33
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2019 - Monthly Performance (%) Show Previous Years
	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	-	-	-	-	-	-	-	-	-	-	-	-	14.17
NAV	7.27	2.04	1.33	10.91	1.97	-3.42	-	-	-	-	-	-	-	-	-	-	-	-	9.34
Difference	-4.64	-0.42	0.20	-5.04	-0.50	0.66	-	-	-	-	-	-	-	-	-	-	-	-	-4.83
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	0.50	2.52	1.28	-0.97	2.83	-8.02	1.60	-7.42	-13.48	-10.65	-10.14
NAV	3.15	-3.55	-0.69	-1.19	0.89	0.49	-0.22	1.16	-0.04	2.59	0.70	-0.23	3.07	-5.02	0.62	-5.01	-9.22	-6.14	-6.18
Difference	0.88	-0.40	-0.01	0.42	-0.73	-0.19	-0.04	-0.96	-0.54	0.07	-0.57	0.73	0.24	3.00	-0.98	2.41	4.26	4.50	3.97
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	12.59	2.43	-0.84	2.42	4.03	-0.01	-0.68	1.90	1.18	5.21	17.81
NAV	2.11	2.27	0.74	5.21	1.33	1.08	0.90	3.34	8.55	2.02	0.08	1.29	3.42	0.75	0.81	1.01	2.59	6.01	14.56
Difference	-1.62	-0.65	-0.17	-2.54	-1.64	0.13	0.03	-1.51	-4.04	-0.41	0.92	-1.13	-0.61	0.77	1.50	-0.89	1.41	0.80	-3.25
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	8.64	4.62	0.92	-0.50	5.06	-2.65	0.37	2.25	-0.10	4.96	13.60
NAV	-3.90	-0.71	5.51	0.67	2.47	1.09	1.09	4.72	5.39	3.36	0.45	0.51	4.36	-1.25	-0.04	1.69	0.37	4.73	10.12
Difference	1.50	-0.96	-2.05	-1.33	-0.85	0.14	-1.14	-1.91	-3.25	-1.26	-0.47	1.01	-0.70	1.40	-0.41	-0.56	0.47	-0.23	-3.47
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	0.77	-2.04	-4.99	-4.34	-10.96	7.42	-1.82	-1.95	3.41	-7.56	-6.78
NAV	0.26	3.08	-0.57	2.76	1.76	0.13	-2.17	-0.31	2.44	-0.34	-4.22	-3.33	-7.73	5.09	-1.41	-2.84	0.68	-7.05	-4.61
Difference	-0.57	-0.70	0.56	-0.71	0.04	0.66	1.66	2.38	1.67	1.70	0.77	1.01	3.24	-2.33	0.41	-0.88	-2.73	0.51	2.18

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -5.36%	1Yr Disc -5.70%	3Yr Disc -5.40%	5Yr Disc -6.39%	Rel Disc Range (3yr) 55.55%
Mkt Yield 8.35%	Lev Adj NAV Yield 6.71%	After Tax Yield* 6.99%	Est Tax Friction* 1.36%	3Yr NAV Volatiliy 10.60
1 Yr RoC 22.63%	3 Yr Dest RoC 5.83%	Leverage 20.80%	Non Lev Exp Ratio 1.52%	Beta (2yr) 0.62
Equity Exposure 55.46%	Bond Exposure 42.77%	# Holdings 163	Cash Weighted Duration 1.51
Comp NAV TR 0.39%	Comp Discount 1.09%	Net Assets (M) 862	Liquidity - 90d (K) 2,229
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

163 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PCI	PIMCO Dyn Cr & Mortg Incm	PIMCO	0.76	4.21	8.04	0.00	45.89	3,233	8,882
PDI	PIMCO Dyn Incm Fd	PIMCO	0.75	16.61	8.05	0.00	41.34	1,596	5,106
DSL	DbLin Incm Solutions Fd	Doubleline	0.74	0.05	8.86	2.53	29.10	2,058	5,771
PHK	PIMCO Hi Incm Fd	PIMCO	0.64	26.00	9.32	23.59	27.54	820	6,011
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.75	-10.82	6.21	0.00	30.18	1,507	2,994
GOF	Gghm Stgc Opp Fd	Guggenheim	0.76	15.08	10.69	19.89	0.00	640	3,189
RA	Brkf Real Ast Incm Fd	Brookfield	0.75	-7.16	10.84	40.31	24.05	866	2,326
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.74	-10.41	6.67	0.00	41.27	1,135	2,201
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.76	-7.06	8.06	2.72	35.66	702	2,035
BHK	BR Core Bnd Tr	BlackRock	0.75	-6.32	5.60	3.57	24.23	802	1,507
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.76	7.83	9.05	0.00	24.48	615	2,048
ARCC	Ares Capital Corp	Ares	0.28	4.24	8.92	0.00	44.38	7,337	29,613
PSEC	Prospect Capital Corp	Prospect Capital	0.28	-27.31	10.91	0.00	40.71	3,332	9,849
FSK	FS KKR Capital Corp	FS/KKR Advisor	0.27	-23.79	12.69	0.00	43.94	4,108	9,653
HTGC	Hercules Capital	Hercules	0.28	24.46	10.02	0.00	52.42	997	7,153
MAIN	Main Street Cap Corp	Main Street Capital	0.30	68.29	5.99	0.00	39.00	1,531	8,726
AINV	Apollo Inv Corp	Apollo Investment	0.29	-16.42	11.30	0.00	45.60	1,312	4,653
NMFC	New Mountain Fin Corp	New Mountain Capital	0.28	4.46	9.68	8.09	57.51	1,083	3,546
TSLX	TPG Specialty Lending	TSL Advisers	0.27	22.64	7.78	0.00	39.17	1,079	3,957
CGBD	TCG BDC	Carlyle	0.29	-11.50	9.67	0.00	50.00	1,049	5,319
GBDC	Golub Capital BDC	Golub Capital	0.27	10.91	7.24	0.00	51.54	966	3,170
TCPC	BR TCP Capital Corp	Tennenbaum Capital	0.27	1.48	10.01	0.00	48.81	833	2,524
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.27	-4.09	8.63	0.00	45.84	1,023	2,609
SLRC	Solar Capital	Solar Capital	0.27	-6.79	8.02	0.00	32.83	927	1,612
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.29	4.71	10.12	0.00	27.75	337	2,401
GSBD	Goldman Sachs BDC	Goldman Sachs	0.27	17.39	8.89	0.00	49.32	695	2,565
NEWT	Newtek Biz Serv Corp	Newtek	0.31	49.51	8.04	0.00	51.74	292	2,134
OCSL	Oaktree Splty Lending	Oaktree Capital	0.28	-16.95	6.99	11.87	38.42	923	2,006
BBDC	Barings BDC	Barings	0.28	-14.06	5.25	0.00	51.19	582	1,841
PNNT	PennantPark Inv Corp	PennantPark	0.25	-28.77	11.45	0.00	51.96	592	1,617
BKCC	BR Cap Inv Corp	BlackRock	0.28	-15.80	11.96	5.18	28.93	492	1,646
MRCC	Monroe Capital Corp	Monroe Capital	0.26	-8.92	12.13	0.00	58.92	259	933
SCM	Stellus Cap Inv Corp	Stellus Capital	0.27	-2.03	9.69	0.00	49.36	271	1,639
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.45	-7.50	15.74	41.16	36.56	1,157	4,390
VTA	Invsc Dyn Cr Opp Fd	Invesco	0.44	-11.37	6.73	33.04	33.00	932	2,297
VVR	Invsc Sr Incm Tr	Invesco	0.44	-9.43	5.83	7.63	32.00	859	2,691
BGB	B/GSO Stgc Cr Fd	Blackstone	0.44	-7.11	9.43	0.00	37.17	698	2,257
HFRO	Highland Incm Fd	Highland Capital	0.42	-6.11	6.83	15.32	31.12	1,035	1,929
PPR	Voya Prime Rt Tr	Voya	0.43	-12.98	6.93	0.00	28.09	808	1,292
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.44	-11.79	6.52	0.00	29.26	530	2,037
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.44	-11.62	7.58	0.00	37.70	627	1,614
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.44	-11.34	6.78	0.00	35.00	605	1,590
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.43	-11.13	6.92	0.00	35.50	546	1,489
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.43	-11.96	7.78	0.00	37.16	444	1,446
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.43	-12.36	8.58	0.00	28.20	394	1,148
BSL	B/GSO Sr Flt Rt Trm Fd	Blackstone	0.44	0.36	7.93	0.00	33.08	256	1,085
BGT	BR Flt Rt Incm Fd	BlackRock	0.43	-12.94	6.06	0.00	28.70	326	887
HYT	BR Corp Hi Yld Fd	BlackRock	0.37	-9.34	8.09	0.00	28.52	1,436	3,779
DSU	BR Dbt Stgs Fd	BlackRock	0.35	-11.81	7.65	4.99	30.79	609	1,637
EAD	WF Incm Opp Fd	Wells Fargo	0.37	-9.77	8.72	0.00	28.80	575	1,624
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.36	-13.30	8.29	0.00	24.49	555	1,419
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.36	-13.84	8.42	2.79	29.55	677	1,554
KIO	KKR Incm Opp Fd	KKR Credit	0.36	-4.00	9.46	0.00	31.16	336	1,581
EHI	WA Glbl Hi Incm Fd	Legg Mason	0.37	-9.43	7.64	5.24	29.38	482	765
HIX	WA Hi Incm Fd II	Legg Mason	0.38	-6.99	8.06	6.43	29.48	634	1,270
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.36	-13.16	8.53	24.15	20.40	586	1,149
HYI	WA Hi Yld Dfin Opp Fd	Legg Mason	0.36	-7.60	7.03	0.00	0.00	374	1,095
HIO	WA Hi Incm Opp Fd	Legg Mason	0.37	-8.84	7.01	0.51	0.00	709	1,328
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.35	-3.56	9.94	0.00	28.60	372	1,248
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	0.37	-7.71	9.16	1.79	33.60	251	785
JHB	Nuv Hi Incm Nov 2021 Tgt Trm Fd	Nuveen	0.35	-1.40	5.06	0.00	27.31	558	799
PHT	Pioneer Hi Incm Tr	Pioneer	0.37	-7.48	8.73	0.00	29.90	293	925
ACP	Abd Incm Cr Stgs Fd	Aberdeen	0.37	-1.80	11.46	0.00	30.47	167	1,216
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.36	-2.72	9.12	13.16	35.54	266	624
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.66	-2.78	7.11	0.00	36.54	1,981	4,230
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.65	-3.49	7.54	2.48	31.09	1,428	3,192
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.64	-2.99	7.53	0.06	36.37	1,035	2,227
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.64	-1.32	6.93	0.00	34.50	870	2,173
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen & Steers	0.65	-2.46	7.62	10.97	30.60	727	1,468
HPI	JH Pref Incm Fd	John Hancock	0.65	10.96	7.12	27.79	34.73	553	1,932
JPI	Nuv Pref & Incm Trm Fd	Nuveen	0.65	-3.86	6.94	4.31	33.25	554	1,419
DFP	F&C Dyn Pref and Incm Fd	Flaherty & Crumrine	0.65	-1.62	6.91	0.00	34.70	484	1,494
CHI	Calamos Convt Opp & Incm	Calamos	1.04	-2.88	9.18	20.52	34.00	763	2,158
NCV	AG Convt & Incm Fd	Allianz	0.88	0.89	11.17	43.38	41.98	502	2,106
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.02	-3.26	9.30	20.48	34.25	830	2,175
AVK	AC Convt Sec & Incm Fd	Guggenheim	1.00	-11.16	9.50	62.69	40.72	576	1,432
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.00	-0.10	9.98	35.16	34.25	491	1,462
BBN	BR Taxable Muni BndTr	BlackRock	2.06	-3.32	6.12	3.44	37.03	1,376	3,305
NBB	Nuv Taxable Muni Incm Fd	Nuveen	2.08	-1.93	5.78	0.00	36.74	596	1,331
ADX	Adams Divr Eq Fd	Adams Express	0.84	-13.00	5.99	0.00	0.00	1,891	2,413
AEF	Abd Emrg Mkt Eq Incm Fd	Aberdeen	0.77	-12.38	2.22	10.50	9.20	418	830
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.06	-12.65	8.39	29.64	1.54	1,003	1,917
ASG	Liberty All-Star Gwth Fd	ALPS	0.83	-3.47	8.22	0.00	0.00	224	953
BGY	BR Enh Intl DivTr	BlackRock	1.05	-11.31	7.39	26.18	0.00	665	1,232
BIF	Boulder Gwth & Incm Fd	Boulder	1.23	-17.25	3.68	39.84	0.00	1,415	1,471
CAF	MS China A Shr Fd	Morgan Stanley	0.71	-11.74	8.13	0.00	0.00	528	2,137
CET	Cntrl Sec Corp	Central Securities	0.82	-16.77	4.63	0.00	0.00	926	661
CHN	China Fund	Allianz	0.77	-10.15	2.69	0.00	0.00	241	451
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.18	5.03	21.06	87.67	0.00	820	5,132
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.17	5.47	20.95	86.10	0.00	420	3,543
DNI	Div & Incm Fd	Bexil	0.79	-23.17	6.97	31.89	10.65	185	403
EMF	Tmp Emrg Mkt Fd	Templeton	0.79	-10.85	5.19	0.00	3.50	283	433
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	1.67	-7.83	7.69	24.14	24.70	1,325	2,389
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.80	2.67	8.93	31.18	25.70	355	1,076
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.71	-0.67	7.38	5.13	21.10	1,731	3,074
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	2.03	-8.56	10.30	1.26	27.06	266	806
GAB	Gabelli Eq Tr	Gabelli	0.80	5.08	10.32	48.30	21.00	1,495	3,416
GAM	General American Invstr	General American Inv	0.83	-16.12	0.83	0.00	15.82	1,077	1,305
GDV	Gabelli Div & Incm Tr	Gabelli	1.65	-7.83	6.10	18.20	22.00	1,936	3,276
GGT	Gabelli Multimedia Tr	Gabelli	0.78	2.00	11.02	47.33	27.00	197	409
HGLB	Highland Glbl Alloc Fd	Highland Capital	0.93	-20.86	11.33	9.63	38.94	330	929
HIE	Miller/Howard Hi Incm Eq Fd	Miller/Howard	1.05	3.91	12.47	70.98	30.41	169	874
IDE	Voya Infra Ind & Matrls Fd	Voya	1.04	-10.68	9.56	9.56	0.00	262	758
IFN	India Fund	Aberdeen	0.76	-10.42	11.25	0.00	0.00	630	1,948
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.07	-7.71	11.33	42.07	0.00	680	2,102
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	1.97	-10.02	9.70	71.75	0.00	161	492
IIF	MS India Inv Fd	Morgan Stanley	0.77	-12.00	0.00	0.00	0.00	318	600
INF	Brkf Glbl Lstd Infra Incm Fd	Brookfield	1.12	-15.12	7.62	74.41	26.29	204	670
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.79	-4.25	7.16	41.42	0.00	234	608
JTD	Nuv Tx-Adv Div Gwth Fd	Nuveen	0.80	-3.84	7.61	4.01	30.78	245	431
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.11	-9.92	6.63	23.75	28.18	171	323
RMT	Royce Micro-Cap Tr	Legg Mason	0.76	-11.85	9.12	9.54	4.30	373	1,033
RVT	Royce Val Tr	Legg Mason	1.18	-11.61	8.17	0.00	3.12	1,474	3,340
TDF	Tmp Dragon Fd	Templeton	0.75	-11.34	3.79	0.00	0.00	731	1,074
TY	Tri-Cont Corp	Columbia Mngmt	1.22	-10.45	3.94	0.00	2.60	1,618	1,397
USA	Liberty All-Star Eq Fd	ALPS	1.27	-4.95	10.73	11.78	0.00	1,339	4,318
EXG	EV Tx-Mgd Glol Divr Eq Incm	Eaton Vance	0.19	-6.81	9.15	89.52	0.00	2,624	5,016
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.20	-0.33	8.48	65.42	0.00	1,792	3,535
BDJ	BR Enh Eq Div Tr	BlackRock	0.20	-8.79	6.43	0.00	0.00	1,793	3,152
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.19	3.89	9.04	72.03	0.00	1,100	3,262
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.19	-5.65	9.01	57.16	0.00	1,103	2,645
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.20	-0.21	9.72	67.93	0.00	598	1,945
NFJ	AG NFJ Div Int & Prm Stgy	Allianz	0.19	-12.33	7.40	50.00	0.00	1,315	2,453
BST	BR Sci & Tech Tr	BlackRock	0.19	-0.31	5.51	0.00	0.00	736	2,737
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.19	-2.35	7.08	52.32	0.00	886	2,148
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.19	-0.98	7.08	61.81	0.00	1,375	2,061
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.20	0.48	7.07	28.96	0.00	798	1,943
BOE	BR Enh Glbl DivTr	BlackRock	0.19	-11.48	7.16	17.77	0.00	802	1,804
CII	BR Enh Cap & Incm Fd	BlackRock	0.19	-6.77	6.33	40.08	0.00	743	1,501
KYN	KA MLP/Midstream Inv Co	Kayne Anderson	0.20	-10.15	9.46	0.00	34.12	2,141	5,948
TYG	Tortoise Nrg Infra Corp	Tortoise	0.20	-3.62	11.71	61.36	32.40	1,245	3,631
NTG	Tortoise Midstream Nrg Fd	Tortoise	0.20	-5.32	12.50	76.33	35.20	903	2,687
CEM	CB MLP & Midstream Fd	Legg Mason	0.20	-10.94	9.92	89.12	33.22	940	2,037
KMF	KA Midstream/Nrg Fd	Kayne Anderson	0.20	-13.74	7.79	92.69	31.06	634	2,046
EMO	CB Nrg Midstream Opp Fd	Legg Mason	0.20	-12.73	10.09	76.39	33.67	749	1,585
CEN	Center Coast Brkf MLP & Nrg Infr	Brookfield	0.20	0.13	15.85	85.39	30.12	266	2,774
FEI	FT MLP & Nrg Incm Fd	First Trust	0.22	-5.70	10.07	74.19	26.14	594	1,668
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.21	-0.27	10.49	34.68	25.89	443	1,322
GER	GS MLP & Nrg Renaissance Fd	Goldman Sachs	0.20	-10.23	12.36	66.08	32.40	459	1,355
NML	NB MLP Incm Fd	Neuberger Berman	0.20	-11.94	8.78	55.04	23.90	484	1,172
JMF	Nuv Nrg MLP Total Rtn Fd	Nuveen	0.20	-6.70	11.05	76.38	28.33	396	1,518
RQI	C&S Qlty Incm Rty Fd	Cohen & Steers	0.68	-2.43	6.84	0.00	23.40	1,571	4,685
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Clarion	0.63	-14.06	7.98	71.00	7.76	1,020	2,094
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	0.65	-8.52	9.63	70.32	2.86	582	1,936
RFI	C&S Tot Rtn Ry Fd	Cohen & Steers	0.68	3.54	6.70	6.21	0.00	362	1,217
EOD	WF Glbl Div Opp Fd	Wells Fargo	0.29	-8.85	10.74	17.33	15.40	266	817
HQH	Tekla Health Invstr	Tekla	0.81	-9.97	8.90	65.38	0.00	951	2,700
THQ	Tekla Health Opp Fd	Tekla	0.84	-9.31	7.58	74.95	21.71	815	2,528
HQL	Tekla Life Sci Invstr	Tekla	0.81	-8.50	8.76	37.59	0.00	420	1,509
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.89	2.71	13.22	91.40	13.00	602	2,913
BCX	BR Res & Com Stgy Tr	BlackRock	0.82	-12.89	7.70	56.83	0.00	860	1,943
BGR	BR Nrg & Res Tr	BlackRock	0.80	-10.62	7.96	66.61	0.00	390	1,194
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.52	-1.92	7.77	24.37	32.64	2,009	3,239
NIE	AG Eq & Convt Incm Fd	Allianz	0.49	-8.63	7.08	0.00	0.00	651	1,573
GLO	Clough Glbl Opp Fd	Clough	0.49	-13.01	11.33	71.04	36.30	347	1,125
ZTR	Virtus Glbl Div & Inc Fd	Virtus	0.55	9.79	11.74	60.62	27.73	259	877
FOF	C&S CE Opp Fd	Cohen & Steers	0.52	-2.79	8.11	35.85	0.00	361	814
UTG	Reaves Util Incm Fd	W.H. Reaves	0.66	0.84	6.02	0.00	21.09	1,731	4,192
UTF	C&S Infra Fd	Cohen & Steers	0.64	-6.40	7.35	0.22	27.90	2,307	4,709
DNP	DNP Sel Incm Fd	Duff & Phelps	0.64	12.32	6.63	31.28	24.97	3,070	3,635
DPG	D&P Glbl Util Incm Fd	Duff & Phelps	0.64	-9.40	8.96	38.36	29.76	654	2,244
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.24	-7.72	8.91	73.21	0.00	119	370
BTO	JH Fin Opp Fd	John Hancock	1.21	-3.18	7.03	0.00	17.57	604	1,685

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, 2017. 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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