CEF Advisors

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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 1,322.64 0.58 0.36 0.10 4.64 7.53 15.61 10.65 6.55 -0.01 2.15 23.10
NAV 1,257.46 0.31 -0.32 -0.34 3.31 5.26 11.42 8.61 5.43 -0.37 1.72 15.92
Difference -0.28 -0.68 -0.44 -1.32 -2.27 -4.19 -2.04 -1.12 -0.37 -0.42 -7.18
* 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 (%)
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 19.32 1.28 -1.92 2.32 1.63 1.04 1.10 - - - 23.11
NAV 7.27 2.04 1.33 10.91 1.97 -3.42 4.31 2.73 13.64 0.35 -1.13 1.36 0.57 1.14 0.95 - - - 16.30
Difference -4.64 -0.42 0.20 -5.04 -0.50 0.66 -0.86 -0.65 -5.69 -0.93 0.79 -0.95 -1.07 0.10 -0.15 - - - -6.81
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
-3.22%
1Yr Disc
-4.89%
3Yr Disc
-4.78%
5Yr Disc
-6.03%
Rel Disc Range (3yr)
63.55%
Mkt Yield
8.49%
Lev Adj NAV Yield
6.91%
After Tax Yield*
7.16%
Est Tax Friction*
1.33%
3Yr NAV Volatiliy
10.19
1 Yr RoC
25.95%
3 Yr Dest RoC
8.12%
Leverage
20.89%
Non Lev Exp Ratio
1.59%
Beta (2yr)
0.59
Equity Exposure
55.35%
Bond Exposure
41.80%
# Holdings
164
Cash Weighted Duration
1.16
Comp NAV TR
2.23%
Comp Discount
1.62%
Net Assets (M)
868
Liquidity - 90d (K)
2,413
* 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


164 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 0.69 11.25 8.19 0.00 43.67 3,165 9,023
DSL DbLin Incm Solutions Fd Doubleline 0.66 4.39 9.02 2.61 30.83 1,939 4,782
PDI PIMCO Dyn Incm Fd PIMCO 0.68 23.00 7.93 0.00 42.75 1,543 5,301
BTZ BR Cr Alloc Incm Tr BlackRock 0.66 -8.54 7.35 5.54 26.77 1,556 4,460
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.67 12.94 11.28 44.45 0.08 674 3,072
PHK PIMCO Hi Incm Fd PIMCO 0.66 24.47 9.65 12.97 27.51 805 3,129
RA Brkf Real Ast Incm Fd Brookfield 0.65 -4.38 10.83 43.93 22.00 841 3,212
PFN PIMCO Incm Stgy Fd II PIMCO 0.68 9.80 9.12 0.00 26.21 637 1,995
BHK BR Core Bnd Tr BlackRock 0.66 -5.84 5.59 7.92 24.49 832 2,070
BIT BR Mlt-Sctr Incm Tr BlackRock 0.66 -4.08 8.65 17.37 35.62 672 1,866
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.66 -8.16 6.52 2.29 38.12 1,131 1,806
PKO PIMCO Incm Opp Fd PIMCO 0.70 16.22 8.16 0.00 35.67 420 1,783
ARCC Ares Capital Corp Ares 0.27 8.52 8.54 0.00 45.64 7,373 29,723
FSK FS KKR Capital Corp FS/KKR 0.30 -20.10 12.10 0.00 45.30 4,001 13,007
MAIN Main Street Cap Corp Main Street Capital 0.27 76.61 5.76 0.00 39.77 1,535 10,424
PSEC Prospect Capital Corp Prospect Capital 0.27 -26.61 11.06 0.00 39.90 3,259 9,312
NMFC New Mountain Fin Corp New Mountain Capital 0.27 2.62 9.93 4.04 58.35 1,292 9,028
HTGC Hercules Capital Hercules 0.29 36.80 9.01 0.00 51.53 1,086 6,941
AINV Apollo Inv Corp Apollo 0.29 -9.42 10.63 0.00 54.94 1,244 6,353
CGBD TCG BDC Carlyle 0.26 -18.76 10.99 0.00 54.03 978 4,147
TSLX TPG Specialty Lending TSL Advisers 0.28 29.31 7.22 0.00 43.52 1,112 4,664
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.23 3.34 10.34 0.00 41.30 335 3,326
TCPC BR TCP Capital Corp BlackRock 0.28 5.59 10.03 0.00 55.12 799 3,225
GBDC Golub Capital BDC Golub Capital 0.26 8.11 7.28 0.00 48.46 2,223 8,704
BCSF Bain Cap Splty Fin BCSF Advisors 0.28 -0.86 8.39 0.00 60.77 1,018 3,463
NEWT Newtek Biz Serv Corp Newtek 0.28 50.94 12.21 0.00 53.68 300 3,086
PNNT PennantPark Inv Corp PennantPark 0.28 -28.11 11.54 0.00 53.18 582 1,763
GSBD Goldman Sachs BDC Goldman Sachs 0.28 22.38 8.66 0.00 50.03 685 2,314
SAR Saratoga Inv Corp Saratoga 0.27 2.53 8.93 0.00 53.86 238 2,257
BKCC BR Cap Inv Corp BlackRock 0.28 -21.57 11.00 4.75 37.18 447 1,834
CSWC Cap Southwest Corp Capital Southwest 0.27 20.44 9.07 0.00 42.25 328 1,488
OCSL Oaktree Splty Lending Oaktree Capital 0.27 -21.21 7.31 5.94 31.96 930 1,908
PFLT PennantPark Flt Rt Cap PennantPark 0.29 -4.01 9.16 0.00 54.11 503 1,618
SLRC Solar Capital Solar Capital 0.27 -6.44 8.00 0.00 33.40 926 1,989
JQC Nuv Cr Stgs Incm Fd Nuveen 0.41 -8.11 16.60 52.43 37.78 1,104 4,629
VTA Invsc Dyn Cr Opp Fd Invesco 0.40 -9.67 8.10 12.50 32.00 911 2,663
BGB B/GSO Stgc Cr Fd GSO / Blackstone 0.38 -7.17 9.53 0.00 37.24 673 2,405
HFRO Highland Incm Fd Highland Capital 0.35 -12.78 7.92 25.35 29.03 962 5,016
VVR Invsc Sr Incm Tr Invesco 0.39 -9.91 6.89 2.69 29.00 835 1,969
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.41 -9.58 7.21 0.00 28.28 523 2,045
JFR Nuv Flt Rt Incm Fd Nuveen 0.40 -10.38 7.63 0.00 38.31 614 2,313
PPR Voya Prime Rt Tr Voya 0.41 -9.85 5.74 0.00 27.12 795 2,330
EFR EV Sr Flt-Rt Tr Eaton Vance 0.40 -10.69 7.74 0.00 35.90 538 1,468
EFT EV Flt-Rt Incm Tr Eaton Vance 0.40 -10.32 7.53 0.00 35.50 595 1,695
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.40 -10.28 7.56 0.00 37.84 434 1,669
ARDC Ares Dyn Cr Alloc Fd Ares 0.40 -10.30 8.71 0.00 31.05 378 1,258
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 0.38 -2.90 9.46 0.00 39.23 197 950
FCT FT Sr Flt Rt Incm Fd II First Trust 0.40 -10.12 8.08 1.26 29.78 364 1,002
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 0.41 -4.61 3.67 0.00 28.27 342 1,015
HYT BR Corp Hi Yld Fd BlackRock 0.37 -3.98 8.25 0.24 28.63 1,438 5,012
ISD PGIM Hi Yld Bnd Fd Prudential 0.35 -9.98 8.42 0.00 24.60 553 2,200
GHY PGIM Glbl Hi Yld Fd Prudential 0.35 -10.81 8.68 0.00 27.23 666 1,538
KIO KKR Incm Opp Fd KKR Credit 0.35 -2.23 9.80 0.00 31.56 319 1,178
HIX WA Hi Incm Fd II Legg Mason 0.35 -8.55 8.78 6.77 29.60 617 1,408
DSU BR Dbt Stgs Fd BlackRock 0.36 -10.01 7.78 4.05 30.35 602 2,013
EAD WF Incm Opp Fd Wells Fargo 0.36 -4.83 8.36 5.56 29.40 549 1,475
FSD FT Hi Incm Lng/Srt Fd First Trust 0.36 -9.07 8.60 26.51 22.51 580 1,758
HIO WA Hi Incm Opp Fd Legg Mason 0.35 -9.49 7.74 0.00 0.00 701 1,289
HYI WA Hi Yld Dfin Opp Fd Legg Mason 0.36 -5.02 7.36 0.00 0.00 367 1,093
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.33 -7.05 10.25 0.00 29.79 356 1,062
IVH Ivy Hi Incm Opp Fd Ivy Investment 0.34 -10.03 8.98 0.00 31.24 246 727
ACP Abd Incm Cr Stgs Fd Aberdeen 0.31 -6.66 13.01 0.00 30.65 207 1,958
PHT Pioneer Hi Incm Tr Pioneer 0.35 -7.81 8.79 0.00 30.00 292 724
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 0.36 1.21 4.96 0.00 27.22 554 769
NHS NB Hi Yld Stgs Fd Neuberger Berman 0.35 -5.36 9.05 15.97 33.30 248 797
EHI WA Glbl Hi Incm Fd Legg Mason 0.34 -9.08 8.16 4.88 29.70 471 778
JPS Nuv Pref & Incm Sec Fd Nuveen 0.64 0.49 6.61 0.17 38.42 2,062 3,755
FPF FT Imd Dur Pref & Incm Fd First Trust 0.63 -1.36 6.64 1.92 30.95 1,475 3,100
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.64 5.88 6.22 0.00 33.20 905 2,497
JPC Nuv Pref & Incm Opp Fd Nuveen 0.64 -0.48 7.13 0.30 35.96 1,066 2,291
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 0.65 1.49 7.02 11.35 29.80 757 1,614
HPI JH Pref Incm Fd John Hancock 0.56 4.14 6.70 21.70 34.13 554 1,444
HPS JH Pref Incm Fd III John Hancock 0.58 2.10 6.95 23.65 34.06 589 1,385
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 0.62 0.69 6.52 0.00 33.60 501 954
CHI Calamos Convt Opp & Incm Calamos 1.04 1.57 8.74 37.18 33.35 766 1,661
CHY Calamos Convt & Hi Incm Fd Calamos 1.03 1.14 8.87 37.08 33.59 833 1,675
AVK Advent Convt & Incm Fd Guggenheim Funds 1.05 -7.53 9.16 66.15 40.41 573 1,627
NCV AG Convt & Incm Fd Allianz 1.02 1.06 11.05 35.95 41.01 508 1,413
CCD Calamos Dyn Convt & Incm Fd Calamos 1.02 2.26 9.62 58.79 33.40 498 1,225
BBN BR Taxable Muni BndTr BlackRock 1.92 -1.75 5.54 0.94 37.78 1,407 4,468
NBB Nuv Taxable Muni Incm Fd Nuveen 1.95 -1.72 5.10 0.00 36.54 605 1,572
ADX Adams Divr Eq Fd Adams Funds 0.86 -11.59 5.87 0.00 0.00 1,829 2,789
AOD Abd Tot Dyn Div Fd Aberdeen 1.22 -10.98 8.03 17.23 5.95 1,017 2,320
ASG Liberty All-Star Gwth Fd ALPS 0.95 3.97 7.64 0.00 0.00 227 721
BGY BR Enh Intl DivTr BlackRock 1.23 -8.93 7.10 58.71 0.00 664 1,552
BIF Boulder Gwth & Incm Fd Boulder 1.35 -14.48 3.54 19.85 0.00 1,395 1,374
BSTZ BR Sci & Tech Tr II BlackRock 1.12 -0.75 6.02 99.60 0.00 1,570 2,766
CAF MS China A Shr Fd Morgan Stanley 0.92 -12.15 0.00 0.00 0.00 524 1,532
CET Cntrl Sec Corp Central Securities 0.91 -16.01 0.63 0.00 0.00 958 540
CLM Cornerstone Stgc Val Fd Cornerstone 1.34 5.33 19.75 85.51 0.00 798 4,563
CRF Cornerstone Tot Rtn Fd Cornerstone 1.34 5.69 19.68 82.42 0.00 409 3,035
EMF Tmp Emrg Mkt Fd Templeton 0.94 -11.09 7.62 0.00 3.57 289 455
EOD WF Glbl Div Opp Fd Wells Fargo 0.93 -7.42 10.58 0.00 15.70 261 632
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.85 -1.51 6.97 22.61 24.60 1,367 2,401
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.90 3.68 8.52 27.14 25.20 368 997
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.74 -0.32 7.00 0.00 20.30 1,819 2,682
FDEU FT Dyn Euro Eq Incm Fd First Trust 2.06 -5.38 9.94 6.92 26.01 266 944
GAB Gabelli Eq Tr Gabelli 0.92 6.68 9.63 58.55 21.00 1,490 3,100
GAM General American Invstr General American Inv 0.89 -12.75 6.73 0.00 15.50 1,019 1,439
GDV Gabelli Div & Incm Tr Gabelli 1.67 -10.88 6.32 31.04 21.00 1,932 5,354
GLQ Clough Glbl Eq Fd Clough 1.23 -9.08 10.56 0.00 34.27 173 688
HGLB Highland Glbl Alloc Fd Highland Capital 1.01 -25.04 14.65 23.63 38.94 270 828
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 1.20 7.13 12.52 67.35 33.95 183 1,133
IDE Voya Infra Ind & Matrls Fd Voya 1.16 -13.53 8.19 19.90 0.00 249 928
IFN India Fund Aberdeen 0.90 -9.61 11.12 0.00 0.00 621 1,772
IGD Voya Glbl Eq Div & Prm Opp Voya 1.19 -11.63 7.89 58.36 0.00 668 3,669
IIF MS India Inv Fd Morgan Stanley 0.93 -14.46 0.00 0.00 0.00 311 743
INF Brkf Glbl Lstd Infra Incm Fd Brookfield 1.14 -8.34 7.37 58.32 25.75 196 804
JCE Nuv Core Eq Alpha Fd Nuveen 0.92 -1.14 6.80 59.85 0.00 239 810
RMT Royce Micro-Cap Tr Legg Mason 0.92 -11.29 8.24 14.07 5.40 377 1,038
RVT Royce Val Tr Legg Mason 1.37 -10.14 7.15 0.46 4.33 1,537 3,461
TDF Tmp Dragon Fd Templeton 0.93 -12.14 5.26 0.00 0.00 719 1,281
TY Tri-Cont Corp Columbia Mngmt 0.92 -8.88 3.55 0.00 2.30 1,651 1,237
USA Liberty All-Star Eq Fd ALPS 1.33 -1.05 10.35 0.00 0.00 1,359 4,024
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.19 -2.48 8.55 86.39 0.00 2,686 4,710
BDJ BR Enh Eq Div Tr BlackRock 0.18 -3.52 6.26 0.00 0.00 1,864 4,083
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.18 2.07 8.98 85.91 0.00 1,193 3,484
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.18 2.31 8.17 56.60 0.00 1,812 3,313
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.19 -1.36 8.56 59.44 0.00 1,110 2,685
NFJ AG NFJ Div Int & Prm Stgy Allianz 0.18 -8.57 6.91 48.63 0.00 1,350 2,818
BST BR Sci & Tech Tr BlackRock 0.19 3.90 5.28 0.00 0.00 739 2,087
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.19 1.01 6.50 73.47 0.00 934 2,131
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.19 0.58 6.74 72.75 0.00 1,424 2,358
BOE BR Enh Glbl DivTr BlackRock 0.18 -10.65 7.04 48.11 0.00 792 2,122
EOS EV Enh Eq Incm Fd II Eaton Vance 0.18 0.47 6.89 23.48 0.00 825 1,652
CII BR Enh Cap & Incm Fd BlackRock 0.18 -5.54 6.00 31.17 0.00 773 1,637
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 0.18 0.87 9.81 89.25 0.00 587 1,448
DIAX Nuv Dow 30SM Dyn Owrt Fd Nuveen 0.18 -1.26 6.56 71.13 0.00 662 1,233
KYN KA MLP/Midstream Inv Co Kayne Anderson 0.18 -9.49 11.61 40.82 36.63 1,731 8,900
TYG Tortoise Nrg Infra Corp Tortoise 0.17 -3.23 15.89 100.00 36.80 916 4,735
CEN Center Coast Brkf MLP & Nrg Infr Brookfield 0.18 3.28 20.91 97.08 30.07 195 3,052
NTG Tortoise Midstream Nrg Fd Tortoise 0.17 -5.10 17.14 100.00 40.98 657 4,179
CEM CB MLP & Midstream Fd Legg Mason 0.18 -10.91 11.85 100.00 34.25 787 3,454
MIE C&S MLP Incm & Nrg Opp Fd Cohen & Steers 0.16 1.48 13.47 94.57 33.60 181 1,535
KMF KA Midstream/Nrg Fd Kayne Anderson 0.18 -13.97 9.37 94.81 33.33 527 2,161
EMO CB Nrg Midstream Opp Fd Legg Mason 0.18 -12.53 12.20 77.25 35.59 618 2,474
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 0.17 -2.99 14.01 100.00 29.94 300 1,739
NML NB MLP Incm Fd Neuberger Berman 0.18 -10.70 10.41 92.51 25.80 402 1,820
FEN FT Nrg Incm & Gwth Fd First Trust 0.19 2.84 11.46 78.23 27.11 394 1,866
FEI FT MLP & Nrg Incm Fd First Trust 0.20 -3.55 11.04 93.69 27.03 530 2,395
RQI C&S Qlty Incm Rty Fd Cohen & Steers 0.77 1.49 6.40 0.00 21.70 1,613 5,628
AWP Abd Glbl Prmr Prop Fd Aberdeen 0.86 -9.87 7.41 62.14 8.31 614 2,170
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 0.84 -8.64 7.46 68.97 12.84 1,026 2,299
HQH Tekla Health Invstr Tekla 0.92 -11.02 8.00 73.10 0.00 976 3,511
THQ Tekla Health Opp Fd Tekla 0.88 -9.34 7.28 74.13 22.40 848 1,919
THW Tekla Wld Health Fd Tekla 0.84 -6.55 10.33 91.67 22.75 439 1,411
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.83 2.87 13.95 90.98 12.00 584 3,513
BCX BR Res & Com Stgy Tr BlackRock 0.85 -12.49 8.18 60.35 0.00 789 1,720
BGR BR Nrg & Res Tr BlackRock 0.81 -9.03 8.56 60.54 0.00 357 1,407
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.43 0.15 7.48 51.26 31.26 2,046 3,128
NIE AG Eq & Convt Incm Fd Allianz 0.42 -7.18 6.76 0.00 0.00 672 1,554
CHW Calamos Glbl Dyn Incm Fd Calamos 0.46 6.83 9.77 58.58 36.95 477 1,634
GLO Clough Glbl Opp Fd Clough 0.43 -12.06 10.96 40.98 38.29 342 1,184
ZTR Virtus Glbl Div & Inc Fd Virtus 0.84 7.17 12.26 65.49 27.72 487 988
FOF C&S CE Opp Fd Cohen & Steers 0.41 -1.58 7.96 51.96 0.00 363 783
UTG Reaves Util Incm Fd W.H. Reaves 0.50 4.24 5.82 0.00 19.77 1,734 4,870
UTF C&S Infra Fd Cohen & Steers 0.48 -1.29 7.15 0.20 26.80 2,249 5,243
DNP DNP Sel Incm Fd Duff & Phelps 0.49 25.22 6.11 29.49 23.76 3,027 4,730
DPG D&P Util & Infra Fd Duff & Phelps 0.46 -3.91 9.33 30.57 29.02 592 1,404
GUT Gabelli Util Tr Gabelli 0.52 58.98 7.70 90.57 27.00 265 1,027
IAE Voya AP Hi Div Eq Incm Fd Voya 0.96 -11.99 10.55 67.19 0.00 110 260
IHD Voya Emrg Mkt Hi Div Eq Fd Voya 1.06 -8.89 9.76 66.15 0.00 154 426
CUBA Herzfeld Caribbean Basin Fd Herzfeld Cuba 1.02 -13.79 17.02 0.00 0.00 48 90
BTO JH Fin Opp Fd John Hancock 1.06 -1.87 6.35 16.13 16.40 660 1,743

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.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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