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 1,727.76 -0.53 -1.11 0.41 1.70 10.09 38.10 12.15 12.01 -1.24 0.45 19.56
NAV 1,584.51 -0.51 -0.61 0.64 1.12 6.96 25.76 10.24 10.16 -1.17 0.39 12.20
Difference 0.01 0.50 0.23 -0.58 -3.13 -12.34 -1.90 -1.85 0.06 -0.06 -7.36
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - - - -
NAV 0.90 2.50 1.98 5.47 3.19 1.67 1.01 5.97 11.76 0.08 1.50 - - - - - - - -
Difference -0.72 -1.97 -1.77 -4.66 -0.59 -0.81 -0.61 -2.11 -7.26 0.48 -0.61 - - - - - - - -
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

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-0.82%
1Yr Disc
-4.35%
3Yr Disc
-5.15%
5Yr Disc
-4.82%
Rel Disc Range (3yr)
75.38%
Mkt Yield
7.62%
Lev Adj NAV Yield
6.50%
After Tax Yield*
6.33%
Est Tax Friction*
1.29%
3Yr NAV Volatiliy
19.90
1 Yr RoC
33.73%
3 Yr Dest RoC
15.22%
Leverage
19.70%
Non Lev Exp Ratio
1.57%
Beta (2yr)
0.93
Equity Exposure
56.87%
Bond Exposure
40.60%
# Holdings
164
Cash Weighted Duration
1.29
Comp NAV TR
0.54%
Comp Discount
2.39%
Net Assets (M)
1,026
Liquidity - 90d (K)
2,886
* 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 0.60 3.45 9.82 1.71 45.01 3,152 10,388
PDI PIMCO Dyn Incm Fd PIMCO 0.58 5.40 9.96 0.00 43.07 1,797 8,376
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.61 24.12 10.33 54.75 24.05 922 5,324
PDO PIMCO Dyn Incm Opp Fd PIMCO 0.56 2.39 6.76 0.00 47.51 2,234 5,168
RA Brkf Real Ast Incm Fd Brookfield 0.62 8.47 10.90 48.22 30.07 942 4,883
HFRO Highland Incm Fd Highland Capital 0.61 -22.80 8.58 17.50 12.99 996 4,423
NPCT Nuv Core Plus Impact Fd Nuveen 0.62 -4.35 6.39 90.07 1.27 581 1,094
DSL DbLin Incm Solutions Fd Doubleline 0.61 -3.73 7.42 1.77 28.16 1,885 4,957
BTZ BR Cr Alloc Incm Tr BlackRock 0.62 -0.89 6.49 15.67 28.68 1,464 3,196
PFN PIMCO Incm Stgy Fd II PIMCO 0.57 6.79 8.56 4.32 39.31 725 3,656
PHK PIMCO Hi Incm Fd PIMCO 0.59 7.90 8.97 0.00 41.02 797 2,893
BIT BR Mlt-Sctr Incm Tr BlackRock 0.62 2.35 7.94 33.84 36.85 687 1,996
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.61 -5.58 6.36 6.33 27.32 1,128 2,056
ARCC Ares Capital Corp Ares 0.29 9.58 8.24 0.00 51.22 8,097 41,709
PSEC Prospect Capital Corp Prospect Capital 0.27 -19.78 9.15 0.00 37.60 3,817 14,603
ORCC Owl Rock Capital Corp Owl Rock 0.29 -3.15 8.59 0.00 50.52 5,844 16,500
FSK FS KKR Capital Corp FS/KKR 0.31 -16.24 11.57 0.00 49.23 7,653 24,110
MAIN Main Street Cap Corp Main Street Capital 0.29 76.47 6.10 0.00 45.78 1,607 10,197
HTGC Hercules Capital Hercules 0.29 43.30 7.63 0.00 45.60 1,356 10,617
GSBD Goldman Sachs BDC Goldman Sachs 0.28 16.76 9.61 0.00 47.85 1,633 8,972
GBDC Golub Capital BDC Golub Capital 0.28 1.99 7.55 0.00 45.40 2,547 6,087
TSLX Sixth St Splty Lending Sixth St Splty Lending 0.28 28.13 7.60 0.00 50.03 1,227 7,061
OCSL Oaktree Splty Lending Oaktree Capital 0.30 -1.66 8.17 0.00 44.83 1,302 5,444
NEWT Newtek Biz Serv Corp Newtek 0.22 64.65 13.35 0.00 47.26 369 8,341
NMFC New Mountain Fin Corp New Mountain Capital 0.28 -2.40 9.22 4.08 57.85 1,292 4,520
AINV Apollo Inv Corp Apollo 0.29 -16.23 9.24 0.00 57.72 1,042 3,345
TCPC BR TCP Capital Corp BlackRock 0.28 -4.71 8.86 3.69 53.01 821 2,654
CSWC Cap Southwest Corp Capital Southwest 0.32 56.63 8.32 0.00 54.01 368 4,008
HRZN Horizon Tech Fin Corp Horizon Tech Fin 0.28 49.46 7.17 0.00 49.16 224 1,720
SLRC SLR Inv Corp SLR Capital 0.31 -3.70 8.39 9.87 33.55 857 2,390
PFLT PennantPark Flt Rt Cap PennantPark 0.29 -0.31 8.93 0.00 51.33 497 2,482
BBDC Barings BDC Barings 0.30 -5.62 7.81 0.00 57.72 744 2,263
CGBD TCG BDC Carlyle 0.30 -15.61 9.40 0.00 53.58 872 2,513
BCSF Bain Cap Splty Fin BCSF Advisors 0.29 -10.93 8.98 0.00 53.32 1,098 2,409
JQC Nuv Cr Stgs Incm Fd Nuveen 0.49 -6.76 7.83 63.52 36.71 942 5,613
JFR Nuv Flt Rt Incm Fd Nuveen 0.51 -4.94 6.96 2.79 36.47 599 3,024
VVR Invsc Sr Incm Tr Invesco 0.50 -6.40 5.74 15.97 24.00 718 3,407
NSL Nuv Sr Incm Fd Nuveen 0.50 -5.17 6.95 2.59 36.35 239 2,461
VTA Invsc Dyn Cr Opp Fd Invesco 0.49 -6.83 7.77 38.23 22.00 783 3,914
FCT FT Sr Flt Rt Incm Fd II First Trust 0.51 1.20 8.52 45.92 27.40 324 1,304
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.52 -4.89 6.96 4.05 36.52 423 2,103
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.51 -4.01 5.98 19.18 30.62 491 1,525
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 0.46 5.17 10.25 0.00 38.01 212 2,196
BGB Blackstone Stgc Cr Fd Blackstone 0.51 -4.95 6.16 0.00 36.25 659 1,865
EFT EV Flt-Rt Incm Tr Eaton Vance 0.53 3.48 6.13 2.67 35.80 437 2,066
BRW Saba Cap Incm & Opp Fd Saba Capital 0.49 -6.94 8.68 17.99 0.00 417 1,205
HYT BR Corp Hi Yld Fd BlackRock 0.38 0.82 7.56 14.57 30.71 1,496 3,813
CIK CS Ast Mgmt Incm Fd Credit Suisse 0.38 0.29 7.74 0.00 21.55 182 4,903
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 0.34 -1.20 7.87 0.00 28.28 241 1,647
DHY CS Hi Yld Bnd Fd Credit Suisse 0.38 -1.95 7.38 0.31 22.20 266 2,967
ACP Abd Incm Cr Stgs Fd Aberdeen 0.39 3.76 10.61 21.07 38.24 253 1,770
GHY PGIM Glbl Hi Yld Fd Prudential 0.38 -5.78 7.97 6.17 27.40 686 2,345
DLY DbLin Yld Opp Fd Doubleline 0.37 -4.04 7.19 0.24 22.96 973 1,715
ISD PGIM Hi Yld Bnd Fd Prudential 0.38 -4.80 7.66 12.94 25.00 575 1,991
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 0.39 -1.48 8.70 0.00 25.77 768 1,960
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 0.36 -5.53 6.90 7.46 12.60 491 1,314
FSD FT Hi Incm Lng/Srt Fd First Trust 0.39 -2.67 8.22 28.74 26.31 552 1,774
EAD WF Incm Opp Fd Wells Fargo 0.39 -2.38 7.92 0.00 25.70 559 1,713
DSU BR Dbt Stgs Fd BlackRock 0.39 0.43 6.19 19.50 31.29 544 1,599
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.38 -4.93 7.38 0.00 28.51 362 1,147
KIO KKR Incm Opp Fd KKR Credit 0.37 -2.72 7.67 0.00 36.56 344 882
PCF Hi Incm Sec Fd Hi Incm Sec Fd 0.39 7.49 9.31 0.00 0.00 52 711
JPS Nuv Pref & Incm Sec Fd Nuveen 0.64 0.80 6.04 0.00 36.15 2,039 3,077
FPF FT Imd Dur Pref & Incm Fd First Trust 0.65 2.14 5.93 3.10 30.45 1,535 2,539
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 0.63 -3.40 6.16 36.15 32.30 1,449 2,064
JPC Nuv Pref & Incm Opp Fd Nuveen 0.64 0.80 6.34 0.00 36.20 1,033 1,816
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.64 6.05 6.61 0.00 32.90 1,005 1,973
PDT JH Prm Div Fd John Hancock 0.62 14.40 6.98 6.43 33.91 714 1,183
DFP F&C Dyn Pref & Incm Fd Flaherty & Crumrine 0.62 3.57 6.70 0.00 32.90 558 1,292
HPF JH Pref Incm Fd II John Hancock 0.64 7.33 6.75 9.74 31.79 438 867
CHI Calamos Convt Opp & Incm Calamos 1.04 1.83 7.32 0.00 32.87 1,089 2,162
CHY Calamos Convt & Hi Incm Fd Calamos 1.01 1.18 7.34 0.00 32.85 1,188 1,966
NCZ Virtus AG Convt & Incm Fd II Virtus 1.01 -7.14 8.44 55.52 38.20 437 2,912
NCV Virtus AG Convt & Incm Fd Virtus 1.02 -3.59 8.27 53.01 37.71 578 2,243
AVK Advent Convt & Incm Fd Guggenheim Funds 1.00 -4.75 7.38 25.93 31.88 691 1,537
BBN BR Taxable Muni BndTr BlackRock 2.06 2.13 5.32 5.23 31.79 1,528 3,267
GBAB Gghm Taxable Muni Bnd & Inv Grd Dbt Guggenheim Funds 2.04 6.71 6.04 16.57 23.02 500 1,091
ADX Adams Divr Eq Fd Adams Funds 0.79 -13.97 4.43 0.00 0.00 2,624 3,161
AEF Abd Emrg Mkt Eq Incm Fd Aberdeen 0.71 -10.49 7.66 23.23 9.14 474 341
AGD Abd Glbl Dyn Div Fd Aberdeen 0.78 -5.11 6.46 0.49 1.14 160 472
AOD Abd Tot Dyn Div Fd Aberdeen 1.12 -7.40 6.89 0.97 1.39 1,140 2,674
ASG Liberty All-Star Gwth Fd ALPS 1.19 -1.35 7.73 0.00 0.00 478 2,173
BGY BR Enh Intl DivTr BlackRock 1.09 -6.40 6.45 41.12 0.00 700 1,425
BIF Boulder Gwth & Incm Fd Boulder 1.19 -15.25 3.02 1.22 12.62 1,559 916
BSTZ BR Sci & Tech Tr II BlackRock 1.11 -6.33 5.03 8.86 0.00 3,402 4,327
CAF MS China A Shr Fd Morgan Stanley 0.69 -11.39 9.15 0.00 0.00 507 721
CET Cntrl Sec Corp Central Securities 0.77 -15.54 3.98 0.00 0.00 1,326 732
CLM Cornerstone Stgc Val Fd Cornerstone 1.35 27.25 14.91 37.36 0.00 1,201 12,053
CRF Cornerstone Tot Rtn Fd Cornerstone 1.35 30.08 14.56 31.02 0.00 609 6,143
EOD WF Glbl Div Opp Fd Wells Fargo 0.77 -3.06 8.82 0.00 15.60 255 787
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.72 0.27 6.95 29.71 18.10 1,708 3,455
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.87 6.33 6.50 5.25 17.90 488 1,619
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.63 0.18 6.98 1.99 17.90 2,053 2,806
GAB Gabelli Eq Tr Gabelli 0.74 4.40 9.02 49.25 19.00 1,835 4,857
GAM General American Invstr General American Inv 0.78 -15.13 5.64 0.00 13.40 1,263 964
GDV Gabelli Div & Incm Tr Gabelli 1.61 -9.17 5.01 0.28 10.00 2,622 3,629
GGT Gabelli Multimedia Tr Gabelli 0.63 4.65 9.53 23.95 29.00 241 687
GLQ Clough Glbl Eq Fd Clough 1.21 2.62 10.28 0.00 36.29 269 2,084
HGLB Highland Glbl Alloc Fd Highland Capital 1.24 -15.83 8.61 4.01 27.45 258 1,092
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 0.72 -6.41 5.89 31.62 24.22 195 684
IAE Voya AP Hi Div Eq Incm Fd Voya 1.63 -6.50 9.79 84.19 0.00 112 550
IAF Abd Australia Eq Fd Aberdeen 0.71 -3.24 10.72 32.54 4.75 146 491
IDE Voya Infra Ind & Matrls Fd Voya 1.17 0.61 6.99 75.23 0.00 215 815
IFN India Fund Aberdeen 0.80 -10.93 10.58 30.24 0.00 697 1,831
IGD Voya Glbl Eq Div & Prm Opp Voya 1.18 -5.23 7.79 73.49 0.00 525 1,421
IHD Voya Emrg Mkt Hi Div Eq Fd Voya 1.58 -7.15 9.56 85.50 0.00 154 656
JCE Nuv Core Eq Alpha Fd Nuveen 0.81 -0.12 7.14 0.00 0.00 273 1,051
JTD Nuv Tx-Adv Div Gwth Fd Nuveen 0.79 -7.46 7.25 27.13 29.89 254 517
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 0.77 -4.02 6.65 11.86 24.66 282 707
RMT Royce Micro-Cap Tr Franklin Templeton 0.72 -11.64 6.07 10.86 3.45 586 1,052
RVT Royce Val Tr Franklin Templeton 1.15 -9.04 7.17 0.00 3.11 2,091 3,188
SOR Source Capital First Pacific 0.77 -6.29 4.92 0.00 0.00 403 379
SPE Spl Opp Fd Bulldog 0.81 -6.24 8.17 5.90 6.04 214 922
TDF Tmp Dragon Fd Franklin Templeton 0.60 -5.68 4.98 0.00 0.00 667 1,286
TY Tri-Cont Corp Columbia Mngmt 0.76 -11.01 3.52 0.00 1.90 1,995 1,099
USA Liberty All-Star Eq Fd ALPS 1.19 8.85 9.48 0.00 0.00 1,803 9,178
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.20 2.32 7.80 70.27 0.00 3,138 5,184
BST BR Sci & Tech Tr BlackRock 0.17 -4.88 5.04 7.43 0.00 1,815 7,883
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.20 3.08 8.10 97.46 0.00 1,564 4,251
BDJ BR Enh Eq Div Tr BlackRock 0.19 -2.92 6.02 6.55 0.00 1,910 3,836
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.20 2.92 7.72 54.42 0.00 2,129 3,355
NFJ Virtus Div Int & Prm Stgy Fd Virtus 0.19 -8.81 5.87 33.35 0.00 1,593 3,339
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.20 1.74 7.85 43.62 0.00 1,176 2,286
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.20 1.38 6.09 70.81 0.00 1,267 2,568
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.20 -2.15 5.90 72.40 0.00 1,550 2,185
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 0.19 5.66 8.28 75.41 0.00 667 1,832
GPM Gghm Enh Eq Incm Fd Guggenheim Funds 0.22 13.95 4.78 52.02 31.49 427 1,635
BOE BR Enh Glbl DivTr BlackRock 0.19 -7.33 6.23 29.51 0.00 838 1,790
EOS EV Enh Eq Incm Fd II Eaton Vance 0.20 1.95 6.85 37.41 0.00 1,178 2,219
KYN KA Nrg Infra Fd Kayne Anderson 0.23 -11.49 8.91 100.00 26.95 1,123 3,646
CEM CB MLP & Midstream Fd Franklin Templeton 0.23 -14.00 7.24 100.00 30.67 419 1,272
TYG Tortoise Nrg Infra Corp Tortoise 0.23 -20.78 5.48 100.00 25.20 401 1,339
FEI FT MLP & Nrg Incm Fd First Trust 0.23 -10.23 8.44 61.05 20.24 358 1,213
EMO CB Nrg Midstream Opp Fd Franklin Templeton 0.23 -18.19 7.14 100.00 31.25 346 853
FEN FT Nrg Incm & Gwth Fd First Trust 0.24 -4.35 8.94 92.83 20.42 273 855
KMF KA NextGen Nrg & Infra Kayne Anderson 0.24 -17.15 7.78 52.73 27.10 410 1,077
FPL FT New Opp MLP & Nrg Fd First Trust 0.24 -9.39 8.04 87.13 19.90 153 520
NTG Tortoise Midstream Nrg Fd Tortoise 0.24 -20.83 5.37 100.00 24.50 204 644
NML NB MLP & Nrg Incm Fd Neuberger Berman 0.24 -20.30 4.05 100.00 14.70 343 598
RQI C&S Qlty Incm Rty Fd Cohen&Steers 0.84 -4.18 6.07 0.00 23.90 2,216 5,599
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 0.86 -6.35 6.67 66.36 20.36 1,120 2,840
AWP Abd Glbl Prmr Prop Fd Aberdeen 0.86 -2.68 7.35 65.85 16.48 573 1,940
BMEZ BR Health Sci Tr II BlackRock 0.61 -7.07 6.22 5.34 N/A 3,392 3,076
HQH Tekla Health Invstr Tekla 0.64 -0.34 7.80 0.00 0.00 1,194 3,166
THW Tekla Wld Health Fd Tekla 0.65 8.24 8.26 99.16 17.13 582 1,727
THQ Tekla Health Opp Fd Tekla 0.64 -4.73 5.78 28.51 18.55 1,014 1,844
BCX BR Res & Com Stgy Tr BlackRock 0.80 -3.74 5.33 65.51 0.00 827 3,779
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.80 1.34 9.52 85.00 13.00 575 2,171
NRGX PIMCO Nrg & Tac Cr Opp Fd PIMCO 0.78 -15.04 5.90 73.11 17.66 606 1,388
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.42 2.28 6.70 1.97 29.16 2,811 3,447
GLO Clough Glbl Opp Fd Clough 0.45 3.28 10.10 3.66 37.02 497 3,570
NIE Virtus AG Eq & Convt Incm Fd Virtus 0.42 -9.91 5.02 0.00 0.00 931 1,617
RIV RiverNorth Opp Fd RiverNorth 0.41 5.74 11.42 15.22 8.32 203 1,707
ZTR Virtus Tot Rtn Fd Virtus 0.42 3.58 10.06 69.38 26.00 439 1,145
NHF NexPoint Stgc Opp Fd Highland Capital 0.43 -36.72 4.22 28.38 17.04 831 1,814
DNP DNP Sel Incm Fd Virtus 0.44 14.86 7.21 22.60 24.81 3,199 5,710
UTG Reaves Util Incm Fd W.H. Reaves 0.42 2.82 6.58 0.00 16.17 2,031 7,115
UTF C&S Infra Fd Cohen&Steers 0.41 5.19 6.60 11.42 27.60 2,511 4,076
DPG D&P Util & Infra Fd Virtus 0.40 5.04 10.18 71.93 27.89 497 1,456
BUI BR Util Infra & Pwr OppTr BlackRock 0.44 6.73 5.41 35.20 0.00 523 1,454
GUT Gabelli Util Tr Gabelli 0.41 82.51 7.77 99.50 26.00 268 885
FDEU FT Dyn Euro Eq Incm Fd First Trust 0.99 -9.68 5.48 28.74 23.49 251 377
CUBA Herzfeld Caribbean Basin Fd Herzfeld Cuba 0.91 -13.03 18.45 100.00 0.00 38 208
BTO JH Fin Opp Fd John Hancock 1.05 9.17 5.53 0.00 15.59 685 2,388

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 %