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 1,282.15 0.23 0.11 -0.79 -0.51 2.41 11.70 9.27 6.83 -0.98 -0.98 19.98
NAV 1,230.70 0.57 0.13 -0.60 -0.65 1.36 7.78 7.75 5.79 -0.44 -0.44 13.76
Difference 0.34 0.02 0.19 -0.14 -1.05 -3.92 -1.52 -1.04 0.54 0.54 -6.22
* 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 - - - - - 20.96
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 - - - - - 14.20
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 - - - - - -6.75
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
-4.23%
1Yr Disc
-5.43%
3Yr Disc
-5.03%
5Yr Disc
-6.24%
Rel Disc Range (3yr)
59.25%
Mkt Yield
8.71%
Lev Adj NAV Yield
7.05%
After Tax Yield*
7.33%
Est Tax Friction*
1.38%
3Yr NAV Volatiliy
10.36
1 Yr RoC
25.10%
3 Yr Dest RoC
9.76%
Leverage
20.88%
Non Lev Exp Ratio
1.60%
Beta (2yr)
0.61
Equity Exposure
55.10%
Bond Exposure
41.97%
# Holdings
165
Cash Weighted Duration
1.22
Comp NAV TR
0.31%
Comp Discount
1.26%
Net Assets (M)
851
Liquidity - 90d (K)
2,389
* 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


165 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 0.68 7.99 8.49 0.00 43.86 3,139 11,686
DSL DbLin Incm Solutions Fd Doubleline 0.68 3.74 9.02 2.18 30.34 1,951 7,294
PDI PIMCO Dyn Incm Fd PIMCO 0.68 19.84 8.13 0.00 42.18 1,543 5,582
BTZ BR Cr Alloc Incm Tr BlackRock 0.67 -8.60 7.46 0.00 28.60 1,533 4,320
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.67 11.83 11.33 37.03 0.00 662 3,140
PHK PIMCO Hi Incm Fd PIMCO 0.68 25.77 9.55 15.38 28.71 804 2,892
RA Brkf Real Ast Incm Fd Brookfield 0.68 -2.43 10.43 41.63 22.13 856 2,888
PFN PIMCO Incm Stgy Fd II PIMCO 0.68 9.13 9.23 0.00 26.71 615 1,995
BHK BR Core Bnd Tr BlackRock 0.67 -6.44 5.64 7.33 24.12 829 1,919
BIT BR Mlt-Sctr Incm Tr BlackRock 0.67 -6.39 8.74 11.46 35.15 681 1,893
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.66 -9.77 6.65 11.07 35.44 1,130 1,670
PKO PIMCO Incm Opp Fd PIMCO 0.68 10.88 8.57 0.00 35.63 404 1,615
ARCC Ares Capital Corp Ares 0.27 6.31 8.71 0.00 43.51 7,369 29,352
FSK FS KKR Capital Corp FS/KKR 0.28 -26.52 13.13 0.00 44.56 4,086 12,115
MAIN Main Street Cap Corp Main Street Capital 0.27 74.06 5.85 0.00 39.58 1,526 10,576
PSEC Prospect Capital Corp Prospect Capital 0.27 -28.19 11.13 0.00 41.08 3,309 9,797
NMFC New Mountain Fin Corp New Mountain Capital 0.27 0.82 10.06 4.04 57.46 1,174 5,755
HTGC Hercules Capital Hercules 0.28 25.97 9.60 0.00 50.66 1,107 6,137
AINV Apollo Inv Corp Apollo 0.28 -18.00 11.55 0.00 50.34 1,288 4,845
CGBD TCG BDC Carlyle 0.27 -17.70 10.54 0.00 50.42 1,019 4,601
TSLX TPG Specialty Lending TSL Advisers 0.27 24.28 7.53 0.00 44.50 1,105 4,404
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.27 14.87 8.83 0.00 30.27 353 4,271
TCPC BR TCP Capital Corp BlackRock 0.27 -1.98 10.77 0.00 52.43 802 4,070
GBDC Golub Capital BDC Golub Capital 0.26 12.54 7.13 0.00 51.46 968 4,511
BCSF Bain Cap Splty Fin BCSF Advisors 0.27 -6.02 8.83 0.00 58.12 1,021 2,748
NEWT Newtek Biz Serv Corp Newtek 0.26 39.79 13.25 0.00 52.72 294 2,683
PNNT PennantPark Inv Corp PennantPark 0.28 -30.09 11.78 0.00 53.30 586 2,036
GSBD Goldman Sachs BDC Goldman Sachs 0.27 13.89 9.18 0.00 53.76 694 2,116
SAR Saratoga Inv Corp Saratoga 0.28 1.76 9.00 0.00 53.86 238 2,023
BKCC BR Cap Inv Corp BlackRock 0.28 -28.74 11.52 4.75 33.39 469 1,814
CSWC Cap Southwest Corp Capital Southwest 0.28 17.01 9.20 0.00 40.14 329 1,622
OCSL Oaktree Splty Lending Oaktree Capital 0.28 -21.52 7.34 5.94 36.18 930 1,673
PFLT PennantPark Flt Rt Cap PennantPark 0.28 -11.86 9.90 0.00 49.79 507 1,652
SLRC Solar Capital Solar Capital 0.28 -8.19 8.13 0.00 32.39 929 1,634
JQC Nuv Cr Stgs Incm Fd Nuveen 0.40 -11.15 17.13 48.54 37.35 1,107 5,119
VTA Invsc Dyn Cr Opp Fd Invesco 0.40 -12.43 8.29 8.92 33.00 918 2,300
BGB B/GSO Stgc Cr Fd GSO / Blackstone 0.39 -6.89 9.47 0.00 37.23 674 2,048
HFRO Highland Incm Fd Highland Capital 0.37 -12.64 7.60 17.36 29.03 1,001 2,927
VVR Invsc Sr Incm Tr Invesco 0.40 -11.37 6.97 0.82 30.00 839 1,623
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.40 -13.00 7.60 0.00 28.17 520 1,795
JFR Nuv Flt Rt Incm Fd Nuveen 0.39 -12.57 7.86 0.00 37.91 611 1,715
PPR Voya Prime Rt Tr Voya 0.40 -12.03 6.28 0.00 27.46 786 1,733
EFR EV Sr Flt-Rt Tr Eaton Vance 0.40 -12.28 7.88 0.00 34.50 537 1,386
EFT EV Flt-Rt Incm Tr Eaton Vance 0.40 -12.41 7.72 0.00 34.10 594 1,403
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.40 -12.58 7.80 0.00 37.44 432 1,236
ARDC Ares Dyn Cr Alloc Fd Ares 0.40 -12.48 8.80 0.00 30.93 384 1,158
BGX B/GSO Lng-Srt Cr Incm Fd GSO / Blackstone 0.39 -1.03 9.29 0.00 39.14 197 983
FCT FT Sr Flt Rt Incm Fd II First Trust 0.40 -12.47 8.40 0.00 29.80 360 905
FIV FT Sr Flt Rt 2022 Tgt Trm Fd First Trust 0.40 -6.81 4.15 0.00 27.64 337 872
HYT BR Corp Hi Yld Fd BlackRock 0.35 -9.67 8.85 0.22 28.14 1,425 3,603
ISD PGIM Hi Yld Bnd Fd Prudential 0.35 -11.05 8.60 0.00 24.66 548 2,142
GHY PGIM Glbl Hi Yld Fd Prudential 0.35 -12.26 8.89 2.18 27.09 661 1,524
KIO KKR Incm Opp Fd KKR Credit 0.35 -2.58 9.91 0.00 30.73 316 1,361
HIX WA Hi Incm Fd II Legg Mason 0.36 -8.22 8.42 5.04 28.39 622 1,232
DSU BR Dbt Stgs Fd BlackRock 0.35 -11.90 8.06 0.73 29.91 597 1,360
EAD WF Incm Opp Fd Wells Fargo 0.36 -8.92 8.66 7.78 29.10 559 1,301
FSD FT Hi Incm Lng/Srt Fd First Trust 0.36 -10.20 8.72 21.91 22.74 580 1,335
HIO WA Hi Incm Opp Fd Legg Mason 0.36 -8.36 7.14 0.00 0.00 704 1,080
HYI WA Hi Yld Dfin Opp Fd Legg Mason 0.36 -7.39 7.22 0.00 0.00 369 1,018
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.36 -3.26 10.35 0.00 29.64 356 959
IVH Ivy Hi Incm Opp Fd Ivy Investment 0.35 -9.44 8.88 0.00 30.82 247 916
ACP Abd Incm Cr Stgs Fd Aberdeen 0.35 -0.88 11.62 0.00 31.07 163 1,039
PHT Pioneer Hi Incm Tr Pioneer 0.35 -8.23 8.86 0.00 30.10 291 815
JHB Nuv Hi Incm Nov 2021 Tgt Trm Fd Nuveen 0.36 0.00 5.04 0.00 27.15 553 743
NHS NB Hi Yld Stgs Fd Neuberger Berman 0.35 -5.23 9.08 13.66 33.40 247 921
EHI WA Glbl Hi Incm Fd Legg Mason 0.36 -7.63 7.67 4.17 28.99 474 713
JPS Nuv Pref & Incm Sec Fd Nuveen 0.64 -0.20 6.79 0.16 35.56 2,019 4,191
FPF FT Imd Dur Pref & Incm Fd First Trust 0.62 -3.08 6.82 1.35 30.79 1,461 3,280
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.63 3.14 6.39 0.00 33.20 904 2,616
JPC Nuv Pref & Incm Opp Fd Nuveen 0.63 -1.28 7.29 0.28 36.21 1,051 2,180
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 0.63 -2.12 7.38 11.08 30.20 748 1,464
HPI JH Pref Incm Fd John Hancock 0.60 6.58 6.44 17.14 34.11 563 1,489
HPS JH Pref Incm Fd III John Hancock 0.60 0.74 6.94 24.18 34.06 597 1,386
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 0.63 -0.65 6.61 0.00 33.60 501 1,219
CHI Calamos Convt Opp & Incm Calamos 1.02 -0.66 9.15 30.35 33.57 748 1,841
CHY Calamos Convt & Hi Incm Fd Calamos 1.01 -0.81 9.26 30.24 33.81 812 1,630
AVK AC Convt Sec & Incm Fd Guggenheim Funds 1.00 -10.97 9.74 64.77 40.31 560 1,668
NCV AG Convt & Incm Fd Allianz 1.02 2.17 11.13 35.42 41.11 499 1,649
CCD Calamos Dyn Convt & Incm Fd Calamos 1.01 2.03 9.95 50.95 33.69 483 1,403
BBN BR Taxable Muni BndTr BlackRock 1.97 -2.19 5.56 4.02 37.96 1,408 4,378
NBB Nuv Taxable Muni Incm Fd Nuveen 1.99 -1.08 5.34 0.00 36.19 606 1,802
ADX Adams Divr Eq Fd Adams Funds 0.92 -11.40 5.86 0.00 0.00 1,891 2,815
AOD Abd Tot Dyn Div Fd Aberdeen 1.20 -11.49 8.29 16.90 5.95 991 2,363
ASG Liberty All-Star Gwth Fd ALPS 0.90 0.52 8.23 0.00 0.00 218 1,037
BGY BR Enh Intl DivTr BlackRock 1.19 -10.78 7.54 45.95 0.00 644 1,338
BIF Boulder Gwth & Incm Fd Boulder 1.33 -15.99 3.66 33.82 0.00 1,374 1,420
BSTZ BR Sci & Tech Tr II BlackRock 1.14 1.65 6.07 98.93 0.00 1,515 3,073
CAF MS China A Shr Fd Morgan Stanley 0.95 -12.11 4.18 0.00 0.00 524 1,911
CET Cntrl Sec Corp Central Securities 0.93 -15.01 4.40 0.00 0.00 954 549
CLM Cornerstone Stgc Val Fd Cornerstone 1.31 4.43 22.23 85.80 0.00 788 4,603
CRF Cornerstone Tot Rtn Fd Cornerstone 1.30 4.09 22.26 81.80 0.00 404 2,998
EMF Tmp Emrg Mkt Fd Templeton 0.93 -11.48 5.28 0.00 3.62 279 523
EOD WF Glbl Div Opp Fd Wells Fargo 0.93 -7.43 10.88 0.00 15.50 255 551
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.75 -4.16 7.52 22.61 24.30 1,302 2,463
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.92 9.27 8.49 27.14 24.90 351 1,215
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.74 1.30 7.18 0.00 20.50 1,745 2,737
FDEU FT Dyn Euro Eq Incm Fd First Trust 1.98 -8.19 10.45 1.91 26.58 261 875
GAB Gabelli Eq Tr Gabelli 0.91 6.67 10.81 63.55 21.00 1,416 3,451
GAM General American Invstr General American Inv 0.91 -14.65 0.81 0.00 15.24 1,059 1,652
GDV Gabelli Div & Incm Tr Gabelli 1.69 -9.47 6.40 33.34 22.34 1,879 3,473
GLQ Clough Glbl Eq Fd Clough 1.19 -9.03 11.33 0.00 34.27 166 884
HGLB Highland Glbl Alloc Fd Highland Capital 1.18 -23.25 12.63 30.39 38.94 306 736
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 1.20 4.10 12.74 69.34 34.69 176 865
IDE Voya Infra Ind & Matrls Fd Voya 1.16 -12.45 8.24 26.44 0.00 245 851
IFN India Fund Aberdeen 0.89 -9.88 11.61 0.00 0.00 596 1,877
IGD Voya Glbl Eq Div & Prm Opp Voya 1.22 -10.83 7.88 59.08 0.00 663 3,090
IIF MS India Inv Fd Morgan Stanley 0.90 -13.78 0.00 0.00 0.00 292 1,294
INF Brkf Glbl Lstd Infra Incm Fd Brookfield 1.17 -10.71 7.31 58.58 25.90 203 651
JCE Nuv Core Eq Alpha Fd Nuveen 0.92 -2.62 7.08 59.85 0.00 232 957
RMT Royce Micro-Cap Tr Legg Mason 0.90 -11.41 9.31 14.07 5.40 358 1,128
RVT Royce Val Tr Legg Mason 1.31 -11.92 8.03 0.46 4.33 1,451 3,592
TDF Tmp Dragon Fd Templeton 0.93 -12.14 4.44 0.00 0.00 696 1,132
TY Tri-Cont Corp Columbia Mngmt 0.91 -9.67 3.86 0.00 2.60 1,587 1,374
USA Liberty All-Star Eq Fd ALPS 1.34 -1.54 10.66 8.53 0.00 1,326 4,480
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.18 -3.98 9.00 89.07 0.00 2,589 5,295
BDJ BR Enh Eq Div Tr BlackRock 0.18 -5.26 6.66 0.00 0.00 1,784 3,803
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.18 5.48 8.86 70.27 0.00 1,170 3,350
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.18 0.68 8.55 63.92 0.00 1,760 3,261
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.18 -4.04 8.95 64.52 0.00 1,092 2,623
NFJ AG NFJ Div Int & Prm Stgy Allianz 0.18 -10.60 7.36 40.38 0.00 1,297 2,563
BST BR Sci & Tech Tr BlackRock 0.18 1.76 5.57 0.00 0.00 713 2,354
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.19 -1.06 6.95 73.47 0.00 892 2,283
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.18 -1.36 7.11 72.75 0.00 1,377 2,338
BOE BR Enh Glbl DivTr BlackRock 0.18 -11.05 7.34 38.41 0.00 770 2,051
EOS EV Enh Eq Incm Fd II Eaton Vance 0.18 2.08 7.10 23.94 0.00 788 1,894
CII BR Enh Cap & Incm Fd BlackRock 0.18 -4.42 6.20 42.57 0.00 739 1,860
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 0.18 1.65 9.88 81.67 0.00 578 1,607
DIAX Nuv Dow 30SM Dyn Owrt Fd Nuveen 0.18 -0.96 6.70 71.13 0.00 645 1,616
KYN KA MLP/Midstream Inv Co Kayne Anderson 0.19 -11.87 10.78 26.09 34.60 1,915 6,863
TYG Tortoise Nrg Infra Corp Tortoise 0.20 -3.01 13.56 80.68 34.70 107 3,346
CEN Center Coast Brkf MLP & Nrg Infr Brookfield 0.20 0.73 18.23 94.17 29.02 230 3,333
NTG Tortoise Midstream Nrg Fd Tortoise 0.20 -3.88 14.53 88.17 37.30 765 2,947
CEM CB MLP & Midstream Fd Legg Mason 0.20 -10.60 10.85 94.30 32.79 857 2,312
MIE C&S MLP Incm & Nrg Opp Fd Cohen & Steers 0.19 1.47 11.19 83.71 30.65 218 1,882
KMF KA Midstream/Nrg Fd Kayne Anderson 0.20 -13.49 8.61 95.04 31.75 570 1,924
EMO CB Nrg Midstream Opp Fd Legg Mason 0.20 -11.38 10.94 76.78 33.44 681 1,675
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 0.20 -2.43 12.45 90.55 29.18 336 1,619
NML NB MLP Incm Fd Neuberger Berman 0.20 -12.11 9.68 71.56 24.90 440 1,526
FEN FT Nrg Incm & Gwth Fd First Trust 0.21 5.98 10.47 56.46 26.17 418 1,571
FEI FT MLP & Nrg Incm Fd First Trust 0.20 -8.52 11.06 81.67 25.87 558 1,539
RQI C&S Qlty Incm Rty Fd Cohen & Steers 0.83 3.70 6.11 0.00 23.10 1,653 5,321
AWP Abd Glbl Prmr Prop Fd Aberdeen 0.85 -12.20 7.67 57.57 8.31 609 2,611
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 0.84 -11.15 7.60 69.75 13.58 1,035 2,235
HQH Tekla Health Invstr Tekla 0.84 -10.76 9.87 59.27 0.00 865 2,786
THQ Tekla Health Opp Fd Tekla 0.83 -8.87 7.87 75.00 21.79 780 1,841
THW Tekla Wld Health Fd Tekla 0.82 -2.83 10.74 75.00 22.27 406 1,723
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.84 3.84 13.86 89.45 12.24 582 4,342
BCX BR Res & Com Stgy Tr BlackRock 0.84 -13.11 8.35 59.48 0.00 786 1,864
BGR BR Nrg & Res Tr BlackRock 0.84 -6.32 8.37 59.17 0.00 354 1,508
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.42 -1.18 7.86 44.11 31.58 1,970 3,489
NIE AG Eq & Convt Incm Fd Allianz 0.42 -8.16 7.15 0.00 0.00 641 1,449
CHW Calamos Glbl Dyn Incm Fd Calamos 0.42 0.26 10.69 50.76 37.12 464 1,326
GLO Clough Glbl Opp Fd Clough 0.42 -10.43 11.51 52.67 38.29 327 1,043
ZTR Virtus Glbl Div & Inc Fd Virtus 0.43 8.55 12.14 65.12 27.48 254 878
FOF C&S CE Opp Fd Cohen & Steers 0.42 -0.30 7.98 44.63 0.00 357 897
ZF Virtus Total Return Fd Virtus 0.43 5.28 12.71 59.70 26.51 233 1,261
UTG Reaves Util Incm Fd W.H. Reaves 0.50 -0.71 5.97 0.00 20.64 1,775 5,770
UTF C&S Infra Fd Cohen & Steers 0.49 -3.25 7.09 0.22 27.30 2,312 5,302
DNP DNP Sel Incm Fd Duff & Phelps 0.50 20.09 6.13 23.21 23.76 3,149 4,487
DPG D&P Glbl Util Incm Fd Duff & Phelps 0.49 -7.01 9.10 16.86 29.02 628 1,628
GUT Gabelli Util Tr Gabelli 0.51 48.12 8.02 74.70 27.18 273 1,196
IAE Voya AP Hi Div Eq Incm Fd Voya 0.98 -10.68 10.49 65.11 0.00 109 295
IHD Voya Emrg Mkt Hi Div Eq Fd Voya 1.00 -9.86 10.10 67.37 0.00 151 481
CUBA Herzfeld Caribbean Basin Fd Herzfeld Cuba 1.02 -14.53 17.76 0.00 0.00 46 76
BTO JH Fin Opp Fd John Hancock 0.99 -3.08 7.00 16.13 16.88 606 1,855

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.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2017. 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 %