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

Data as of 05/27/2022 04/29/2022 03/31/2022 02/28/2022 02/11/2022 01/31/2022 12/31/2021 11/30/2021 10/29/2021 09/30/2021 08/31/2021 07/30/2021 06/30/2021 05/28/2021 04/30/2021 03/31/2021 02/26/2021 01/29/2021 12/31/2020 11/30/2020 10/30/2020 09/30/2020 08/31/2020 07/31/2020 06/30/2020 05/29/2020 04/30/2020 03/31/2020 02/28/2020 01/31/2020 12/31/2019 11/29/2019 10/31/2019 09/30/2019 08/30/2019 07/31/2019 06/28/2019 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(%)	10 Year(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,562.01	1.85	4.36	-0.87	-3.73	-9.56	-7.17	8.38	6.87	8.24	-0.99	-7.80	-11.77
NAV	1,474.73	1.43	3.55	-0.81	-3.27	-7.13	-5.22	7.55	6.47	7.83	-0.57	-6.07	-9.15
Difference		-0.42	-0.82	0.06	0.47	2.42	1.94	-0.83	-0.40	-0.41	0.42	1.74	2.62
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2022 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-3.17	-2.88	1.76	-4.30	-6.88	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	-2.92	-1.40	1.04	-3.28	-5.53	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	0.25	1.48	-0.72	1.02	1.35	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	1.62	4.47	3.74	10.13	3.78	2.48	1.62	8.08	19.02	-0.40	2.11	-2.69	-1.03	4.14	-2.58	2.51	4.00	2.93	22.51
NAV	0.90	2.50	1.98	5.47	3.19	1.67	1.01	5.97	11.76	0.08	1.50	-2.00	-0.45	3.16	-2.03	2.22	3.31	2.85	14.94
Difference	-0.72	-1.97	-1.77	-4.66	-0.59	-0.81	-0.61	-2.11	-7.26	0.48	-0.61	0.69	0.58	-0.98	0.55	-0.29	-0.68	-0.08	-7.56
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	-2.83	5.06	-1.96	14.61	4.35	17.26	23.19	6.10
NAV	-0.28	-5.29	-18.27	-22.82	10.16	4.39	2.27	17.61	-9.23	4.52	3.37	-2.14	5.72	-0.51	9.54	3.90	13.24	19.72	8.67
Difference	-0.64	4.21	3.48	6.12	-2.44	-1.48	0.60	-3.59	4.64	0.42	-0.50	0.68	0.66	1.45	-5.06	-0.46	-4.02	-3.47	2.57
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
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	-0.57	3.92	0.66	4.00	1.57	2.40	2.25	6.35	10.60	-1.89	2.44	-3.29	-2.80	1.14	0.91	-2.50	-0.50	-3.28	6.98
NAV	-0.36	3.22	1.01	3.89	1.11	2.00	2.01	5.21	9.30	-1.07	2.36	-2.79	-1.56	1.17	0.43	-1.67	-0.09	-1.65	7.50
Difference	0.21	-0.70	0.35	-0.11	-0.45	-0.40	-0.24	-1.13	-1.30	0.81	-0.08	0.50	1.23	0.03	-0.48	0.83	0.41	1.62	0.52
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	6.45	0.79	2.03	9.46	1.65	-1.26	-2.51	-2.15	7.11	1.59	-3.00	2.40	0.91	3.55	-0.44	1.68	4.82	5.78	13.30
NAV	4.16	0.38	1.95	6.59	2.30	-0.41	-2.90	-1.08	5.44	3.11	-1.99	3.10	4.18	2.97	0.65	0.99	4.67	9.05	14.99
Difference	-2.29	-0.41	-0.08	-2.87	0.65	0.85	-0.39	1.07	-1.67	1.52	1.00	0.70	3.28	-0.58	1.09	-0.69	-0.15	3.28	1.69
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	7.91	3.88	0.14	12.25	0.53	-5.35	3.60	-1.43	10.64	2.77	2.18	2.83	7.97	-0.91	-1.01	1.17	-0.77	7.14	18.55
NAV	4.57	3.36	0.48	8.60	0.36	-5.28	2.76	-2.32	6.08	2.30	1.65	2.44	6.53	0.31	0.34	1.51	2.17	8.84	15.45
Difference	-3.34	-0.52	0.34	-3.65	-0.16	0.06	-0.84	-0.90	-4.57	-0.46	-0.53	-0.38	-1.45	1.22	1.35	0.34	2.94	1.70	-3.09

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -3.89%	1Yr Disc -1.96%	3Yr Disc -4.75%	5Yr Disc -4.45%	Rel Disc Range (3yr) 61.56%
Mkt Yield 9.03%	Lev Adj NAV Yield 7.49%	After Tax Yield* 7.51%	Est Tax Friction* 1.52%	3Yr NAV Volatiliy 20.74
1 Yr RoC 34.65%	3 Yr Dest RoC 17.79%	Leverage 20.25%	Non Lev Exp Ratio 1.57%	Beta (2yr) 0.73
Equity Exposure 57.43%	Bond Exposure 40.36%	# Holdings 168	Cash Weighted Duration 1.39
Comp NAV TR 0.99%	Comp Discount 2.38%	Net Assets (M) 957	Liquidity - 90d (K) 3,508
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

168 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.67	3.64	11.92	0.41	46.14	4,811	20,899
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.68	22.91	12.42	59.56	31.34	1,475	8,965
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.68	-7.62	9.09	0.00	46.96	1,862	7,121
DSL	DbLin Incm Solutions Fd	Doubleline	0.67	-8.06	9.89	0.00	28.00	1,481	5,562
RA	Brkf Real Ast Incm Fd	Brookfield	0.71	8.52	12.02	51.49	28.27	954	4,992
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.68	-7.75	8.63	14.75	29.48	1,183	3,725
PHK	PIMCO Hi Incm Fd	PIMCO	0.74	13.48	9.91	4.02	34.78	691	2,546
BHK	BR Core Bnd Tr	BlackRock	0.67	-6.28	7.50	0.00	38.20	688	2,412
PAXS	PIMCO Access Incm Fd	PIMCO	0.70	-5.76	8.07	0.00	16.21	810	1,507
WDI	WA Divr Incm Fd	Franklin Templeton	0.68	-11.55	9.65	3.00	27.90	874	2,447
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.69	1.75	10.60	5.30	34.00	629	2,004
HFRO	Highland Incm Fd	Highland Capital	0.72	-24.65	7.83	44.48	14.09	1,065	2,776
ARCC	Ares Capital Corp	Ares	0.27	4.41	8.45	0.00	51.81	9,378	77,830
FSK	FS KKR Capital Corp	FS/KKR	0.28	-20.27	12.48	0.00	52.15	7,762	31,332
ORCC	Owl Rock Capital Corp	Owl Rock	0.27	-8.27	9.08	0.00	53.27	5,871	37,629
HTGC	Hercules Capital	Hercules	0.24	34.38	9.08	0.00	49.19	1,340	20,736
PSEC	Prospect Capital Corp	Prospect Capital	0.27	-28.03	9.25	2.64	42.07	4,239	13,175
MAIN	Main Street Cap Corp	Main Street Capital	0.26	48.44	6.71	0.00	47.99	1,889	13,618
GBDC	Golub Capital BDC	Golub Capital	0.27	-6.97	8.40	0.00	53.00	2,623	14,119
GSBD	Goldman Sachs BDC	Goldman Sachs	0.27	15.51	9.86	0.00	52.64	1,611	9,211
OCSL	Oaktree Splty Lending	Oaktree Capital	0.27	-3.31	9.40	0.00	49.47	1,331	7,469
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.26	24.76	7.79	0.00	45.01	1,288	6,245
BXSL	Blackstone Secur Lending Fd	Blackstone Cr BDC Advis	0.26	-4.09	8.46	0.00	54.57	4,429	7,489
AINV	Apollo Inv Corp	Apollo	0.28	-20.71	9.90	0.00	59.82	1,003	4,415
NEWT	Newtek Biz Serv Corp	Newtek	0.26	47.30	12.35	0.00	45.43	398	4,116
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	-3.54	9.17	4.10	58.32	1,366	5,253
BBDC	Barings BDC	Barings	0.29	-11.89	9.19	2.92	51.77	1,317	8,272
PFLT	PennantPark Flt Rt Cap	PennantPark	0.25	-5.63	9.57	0.00	57.92	521	4,065
CGBD	TCG BDC	Carlyle	0.29	-16.19	8.93	0.00	52.68	898	3,456
TCPC	BR TCP Capital Corp	BlackRock	0.27	-4.13	8.77	19.57	55.34	824	3,447
SLRC	SLR Inv Corp	SLR Capital	0.26	-19.17	10.37	26.14	36.22	1,071	4,668
CSWC	Cap Southwest Corp	Capital Southwest	0.27	34.93	8.44	0.00	54.27	421	3,293
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.27	-14.63	9.25	0.00	47.20	1,112	3,121
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.24	6.21	9.80	0.00	48.38	430	2,245
PNNT	PennantPark Inv Corp	PennantPark	0.27	-28.66	8.09	0.00	44.16	665	2,248
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.48	-12.94	8.48	44.93	37.44	849	3,236
VVR	Invsc Sr Incm Tr	Invesco	0.51	-8.51	7.84	12.33	29.00	666	3,473
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.48	-9.13	7.95	9.74	36.66	549	1,868
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.47	-8.99	7.92	7.64	36.72	388	1,759
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.49	-9.41	6.82	17.29	31.08	457	1,844
BGB	Blackstone Stgc Cr Fd	Blackstone	0.50	-10.40	6.56	0.00	36.38	593	1,604
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.49	-6.92	8.06	10.57	36.30	367	1,460
XFLT	XAI Octgn Flt Rt & Alt Incm Trm	XA Investments	0.50	9.99	11.53	0.00	38.41	221	1,398
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.48	-2.48	7.86	44.81	28.98	293	1,390
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.51	-7.04	7.57	6.10	36.90	382	1,701
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.51	-7.22	8.67	0.00	37.71	333	1,397
BGT	BR Flt Rt Incm Fd	BlackRock	0.49	-8.90	6.77	16.57	30.94	281	1,105
HYT	BR Corp Hi Yld Fd	BlackRock	0.39	-1.05	9.04	11.92	30.72	1,278	4,261
DLY	DbLin Yld Opp Fd	Doubleline	0.38	-10.28	9.12	2.95	24.69	821	2,241
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.38	-8.52	10.08	7.71	31.46	643	2,267
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.40	-7.09	9.71	30.62	29.70	468	1,558
DSU	BR Dbt Stgs Fd	BlackRock	0.38	-10.62	7.57	14.90	31.34	500	1,840
EAD	Allspring Incm Opp Fd	Allspring	0.38	-6.87	9.79	0.00	26.00	476	1,288
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.39	-9.81	10.00	16.96	18.79	572	1,566
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.39	-8.58	9.17	14.01	24.88	500	1,431
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.40	-8.72	8.39	11.44	0.00	447	1,064
ACP	Abd Incm Cr Stgs Fd	Aberdeen	0.36	3.25	13.97	3.23	40.50	201	983
HIX	WA Hi Incm Fd II	Franklin Templeton	0.37	-5.93	10.91	3.86	32.90	372	1,608
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.39	-10.68	8.07	11.58	24.05	443	1,090
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.38	-9.21	8.86	0.00	21.69	316	837
HYI	WA Hi Yld Dfin Opp Fd	Franklin Templeton	0.39	-4.48	8.71	6.34	0.00	309	948
KIO	KKR Incm Opp Fd	KKR Credit	0.37	-9.09	9.69	0.00	37.83	291	1,032
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.39	-8.48	9.07	16.39	23.73	232	1,033
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.57	-6.35	7.30	0.00	37.27	1,716	5,060
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.56	-9.74	7.76	12.07	34.40	1,231	3,939
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.59	-3.52	7.73	0.00	35.91	896	3,030
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.55	-5.33	7.68	2.24	31.93	1,280	2,954
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.56	3.34	7.81	0.00	35.60	840	2,162
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.55	3.27	7.62	0.00	35.40	470	1,517
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.56	-5.28	7.65	5.58	31.30	649	1,550
PDT	JH Prm Div Fd	John Hancock	0.58	4.81	7.45	10.19	33.52	731	1,006
JPI	Nuv Pref & Incm Trm Fd	Nuveen	0.58	-2.79	7.49	0.00	36.12	490	1,301
CHI	Calamos Convt Opp & Incm	Calamos	0.98	1.47	9.70	0.00	35.53	838	2,454
CHY	Calamos Convt & Hi Incm Fd	Calamos	0.96	0.41	9.80	0.00	35.73	903	2,231
CCD	Calamos Dyn Convt & Incm Fd	Calamos	0.99	0.79	10.16	0.00	34.95	573	2,507
NCV	Virtus AG Convt & Incm Fd	Virtus	0.89	-10.15	12.53	72.18	42.22	409	1,406
AVK	Advent Convt & Incm Fd	Guggenheim Funds	0.97	-1.83	10.08	14.99	39.78	491	1,245
BBN	BR Taxable Muni BndTr	BlackRock	1.99	1.31	7.36	3.50	36.46	1,183	5,443
NBB	Nuv Taxable Muni Incm Fd	Nuveen	2.05	0.54	6.98	0.00	40.98	531	1,683
ADX	Adams Divr Eq Fd	Adams Funds	0.70	-15.13	6.88	0.00	0.00	2,322	3,203
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.09	-12.65	7.93	22.99	1.25	1,050	3,379
ASG	Liberty All-Star Gwth Fd	ALPS	0.96	2.89	9.26	0.00	0.00	325	1,455
BGY	BR Enh Intl DivTr	BlackRock	1.14	-11.07	7.43	48.96	0.00	639	1,323
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.71	-16.76	3.57	50.31	12.00	1,581	1,223
BIGZ	BR Innovation & Gwth Tr	BlackRock	0.93	-15.85	13.70	100.00	0.00	2,470	11,018
BSTZ	BR Sci & Tech Tr II	BlackRock	0.93	-11.72	10.16	0.00	0.00	2,017	5,824
CEE	Cntrl & East Euro Fd	Deutsche	0.61	47.19	9.09	0.00	0.00	44	1,201
CET	Cntrl Sec Corp	Central Securities	0.72	-13.75	9.77	0.00	0.00	1,214	915
CHN	China Fund	Allianz	0.68	-12.26	14.52	0.00	0.00	152	398
CLM	Cornerstone Stgc Val Fd	Cornerstone	0.96	38.18	19.53	60.59	0.00	977	23,056
CRF	Cornerstone Tot Rtn Fd	Cornerstone	0.92	35.79	19.80	62.46	0.00	496	11,549
EMF	Tmp Emrg Mkt Fd	Franklin Templeton	0.70	-12.59	8.88	0.00	8.41	229	414
EOD	Allspring Glbl Div Opp Fd	Allspring	1.14	-7.33	10.83	0.00	15.30	230	751
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.67	-6.61	8.84	5.67	19.00	1,442	2,698
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.65	-3.55	8.62	0.00	18.20	416	1,361
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.44	-2.10	7.61	0.00	18.00	1,928	3,015
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	1.59	-13.21	5.86	21.82	23.32	244	531
GAB	Gabelli Eq Tr	Gabelli	0.76	20.46	9.22	44.67	20.00	1,654	4,038
GAM	General American Invstr	General American Inv	0.70	-15.75	9.30	0.00	13.35	1,105	1,261
GDV	Gabelli Div & Incm Tr	Gabelli	1.50	-13.30	5.83	4.57	12.00	2,359	4,036
GGT	Gabelli Multimedia Tr	Gabelli	0.67	30.66	11.04	40.44	34.00	167	555
GLQ	Clough Glbl Eq Fd	Clough	1.00	-2.02	14.36	0.00	43.54	180	836
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.28	-21.02	9.27	21.55	11.96	293	1,073
HIE	Miller/Howard Hi Incm Eq Fd	Miller/Howard	0.76	-7.99	5.32	18.73	31.43	220	454
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.48	-12.27	11.91	83.95	0.00	98	362
IAF	Abd Australia Eq Fd	Aberdeen	0.68	1.28	10.83	8.95	4.72	133	369
IDE	Voya Infra Ind & Matrls Fd	Voya	0.73	-12.65	8.51	30.23	0.00	202	573
IFN	India Fund	Aberdeen	0.69	-9.02	12.37	0.00	0.00	515	1,926
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.22	-9.12	8.16	68.17	0.00	522	1,283
IIF	MS India Inv Fd	Morgan Stanley	0.71	-18.25	4.37	0.00	0.00	305	496
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.66	-2.97	10.75	0.00	0.00	243	953
JOF	Japan Sml Caplz Fd	Nomura	0.71	-14.30	9.28	0.00	0.00	216	414
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	0.71	-7.78	9.28	30.87	25.53	228	666
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	0.96	-18.06	10.84	79.99	0.00	1,064	3,468
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.70	-11.20	9.57	8.18	3.91	484	972
RVT	Royce Val Tr	Franklin Templeton	1.10	-6.15	9.25	0.00	3.52	1,758	4,523
SOR	Source Capital	First Pacific	0.74	-6.75	5.58	0.00	0.00	357	804
SPE	Spl Opp Fd	Bulldog	0.69	-6.34	9.92	3.88	0.00	163	503
TDF	Tmp Dragon Fd	Franklin Templeton	0.71	-11.28	7.59	0.00	0.00	464	888
TY	Tri-Cont Corp	Columbia Mngmt	0.74	-12.11	3.77	0.00	1.90	1,838	1,474
USA	Liberty All-Star Eq Fd	ALPS	1.03	3.27	10.36	1.94	0.00	1,711	8,778
BST	BR Sci & Tech Tr	BlackRock	0.22	0.19	7.96	0.00	0.00	1,207	5,665
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.22	-3.02	9.53	14.49	0.00	2,725	5,868
BDJ	BR Enh Eq Div Tr	BlackRock	0.24	-3.31	6.99	0.00	0.00	1,856	5,174
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.23	5.52	9.27	99.74	0.00	1,428	4,573
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.22	2.17	8.07	41.32	0.00	1,106	4,481
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.22	1.80	8.94	29.36	0.00	1,887	3,189
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.22	-11.63	7.59	0.00	0.00	1,386	3,481
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.21	0.06	9.16	13.26	0.00	919	2,639
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.24	0.51	6.87	32.05	0.00	1,427	3,109
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.22	-5.31	9.79	12.28	0.00	1,024	2,736
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.23	2.58	9.99	49.60	0.00	581	2,158
CII	BR Enh Cap & Incm Fd	BlackRock	0.23	-4.37	6.21	0.00	0.00	888	1,807
KYN	KA Nrg Infra Fd	Kayne Anderson	0.34	-14.72	8.47	94.48	25.13	1,507	7,896
TYG	Tortoise Nrg Infra Corp	Tortoise	0.32	-18.49	8.38	63.53	21.70	496	2,105
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.35	-17.22	6.68	39.67	29.07	586	2,288
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.34	0.06	7.28	47.65	20.42	320	1,036
FEI	FT MLP & Nrg Incm Fd	First Trust	0.35	-12.65	7.01	29.74	18.94	443	1,777
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.35	-18.57	6.64	59.59	30.96	480	1,819
KMF	KA NextGen Nrg & Infra	Kayne Anderson	0.34	-18.05	7.34	98.62	25.19	502	1,426
NML	NB MLP & Nrg Incm Fd	Neuberger Berman	0.36	-20.52	3.55	100.00	14.23	497	1,228
FPL	FT New Opp MLP & Nrg Fd	First Trust	0.34	-15.00	6.97	32.26	18.97	183	747
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.88	-3.56	6.44	0.00	23.90	2,074	5,014
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.88	-5.20	8.98	10.00	21.00	986	2,787
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	0.86	-3.80	8.62	63.61	18.01	495	2,811
BMEZ	BR Health Sci Tr II	BlackRock	0.62	-14.26	10.38	0.00	N/A	2,201	6,680
HQH	Tekla Health Invstr	Tekla	0.71	-2.59	8.81	14.12	0.00	931	2,516
THW	Tekla Wld Health Fd	Tekla	0.77	12.85	8.86	76.25	17.85	522	2,242
THQ	Tekla Health Opp Fd	Tekla	0.71	-6.68	6.35	25.08	18.57	941	1,887
BCX	BR Res & Com Stgy Tr	BlackRock	0.96	-9.67	5.03	43.48	0.00	1,050	3,907
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	1.00	-0.99	8.98	88.06	12.00	624	3,138
BGR	BR Nrg & Res Tr	BlackRock	1.11	-11.39	4.06	49.22	0.00	421	2,483
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.37	-3.48	8.22	0.00	30.10	2,449	4,079
ECAT	BR ESG Cap Alloc Tr	BlackRock	0.38	-16.63	8.01	67.88	0.00	1,892	5,440
NIE	Virtus AG Eq & Convt Incm Fd	Virtus	0.36	-12.22	8.57	0.00	0.00	737	2,046
GLO	Clough Glbl Opp Fd	Clough	0.36	-0.88	14.27	0.00	43.36	328	1,512
RIV	RiverNorth Opp Fd	RiverNorth	0.38	2.74	14.30	30.40	16.61	246	1,693
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.40	-11.17	7.78	0.00	0.00	580	1,538
ZTR	Virtus Tot Rtn Fd	Virtus	0.41	4.18	10.41	64.06	27.00	425	942
UTG	Reaves Util Incm Fd	W.H. Reaves	0.49	-0.09	6.71	0.00	16.17	2,263	6,997
DNP	DNP Sel Incm Fd	Virtus	0.48	9.26	6.82	17.22	24.73	3,596	7,322
UTF	C&S Infra Fd	Cohen&Steers	0.47	-0.79	6.71	0.00	25.90	2,655	4,213
DPG	D&P Util & Infra Fd	Virtus	0.51	5.34	8.98	78.39	28.59	562	1,499
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.44	-4.99	6.41	24.78	0.00	527	1,290
GUT	Gabelli Util Tr	Gabelli	0.50	66.44	8.34	86.57	21.00	315	1,630
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	0.79	-12.57	11.90	84.30	0.00	131	450
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.74	-12.26	22.77	100.00	0.00	32	110
BTO	JH Fin Opp Fd	John Hancock	0.82	8.92	6.67	7.58	14.64	680	1,998

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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