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

Data as of 04/13/2021 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(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,633.90	0.29	1.02	3.80	10.80	28.27	56.82	11.50	12.65	2.67	2.67	13.07
NAV	1,517.14	0.16	0.25	1.56	5.30	17.77	43.43	9.75	10.52	1.86	1.86	7.43
Difference		-0.14	-0.77	-2.23	-5.50	-10.50	-13.39	-1.75	-2.13	-0.81	-0.81	-5.64
* 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 (%) Show Previous Years
	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	0.90	2.50	1.98	5.47	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-0.72	-1.97	-1.77	-4.66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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 -2.00%	1Yr Disc -7.53%	3Yr Disc -5.45%	5Yr Disc -5.35%	Rel Disc Range (3yr) 72.45%
Mkt Yield 7.33%	Lev Adj NAV Yield 6.11%	After Tax Yield* 6.11%	Est Tax Friction* 1.22%	3Yr NAV Volatiliy 20.06
1 Yr RoC 39.26%	3 Yr Dest RoC 18.61%	Leverage 20.56%	Non Lev Exp Ratio 1.59%	Beta (2yr) 0.90
Equity Exposure 56.31%	Bond Exposure 39.84%	# Holdings 170	Cash Weighted Duration 1.39
Comp NAV TR 2.08%	Comp Discount 2.20%	Net Assets (M) 977	Liquidity - 90d (K) 3,459
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

170 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PCI	PIMCO Dyn Cr & Mortg Incm	PIMCO	0.67	13.02	9.15	1.38	43.61	3,039	12,083
PDI	PIMCO Dyn Incm Fd	PIMCO	0.68	17.99	9.11	0.00	40.09	1,711	9,779
DSL	DbLin Incm Solutions Fd	Doubleline	0.65	-1.04	7.27	5.87	27.42	1,870	6,669
RA	Brkf Real Ast Incm Fd	Brookfield	0.68	8.24	11.01	58.06	28.45	879	7,790
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.68	28.36	9.96	60.03	30.48	848	6,573
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.67	3.10	6.90	0.00	9.47	2,164	4,614
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.65	-4.68	6.86	19.10	29.41	1,439	3,134
PHK	PIMCO Hi Incm Fd	PIMCO	0.66	14.94	8.51	0.00	34.15	786	3,047
HFRO	Highland Incm Fd	Highland Capital	0.66	-17.40	8.21	4.34	26.60	972	2,888
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.66	10.81	9.28	3.17	33.31	708	2,655
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.66	-6.93	6.57	0.00	40.87	1,108	2,216
BHK	BR Core Bnd Tr	BlackRock	0.65	-1.38	5.71	0.14	32.23	857	2,337
ARCC	Ares Capital Corp	Ares	0.27	13.55	8.30	0.00	52.43	7,176	43,760
PSEC	Prospect Capital Corp	Prospect Capital	0.28	-11.16	9.05	0.00	37.39	3,456	24,158
ORCC	Owl Rock Capital Corp	Owl Rock	0.27	-4.34	8.79	0.00	46.82	5,769	17,508
MAIN	Main Street Cap Corp	Main Street Capital	0.28	86.76	5.89	0.00	43.64	1,519	15,811
FSKR	FS KKR Capital Corp. II	FS/KKR	0.28	-19.12	10.84	0.00	46.51	4,265	11,368
FSK	FS KKR Capital Corp	FS/KKR	0.29	-17.55	11.63	0.00	55.85	3,096	11,305
HTGC	Hercules Capital	Hercules	0.28	50.09	7.57	0.00	49.03	1,300	11,536
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.30	29.60	7.37	0.00	47.48	1,165	10,687
GBDC	Golub Capital BDC	Golub Capital	0.28	5.14	7.56	0.00	48.57	2,442	8,715
GSBD	Goldman Sachs BDC	Goldman Sachs	0.27	21.87	9.28	0.00	49.12	1,616	7,548
AINV	Apollo Inv Corp	Apollo	0.28	-9.04	8.74	0.00	58.80	1,017	5,812
NMFC	New Mountain Fin Corp	New Mountain Capital	0.28	2.61	9.27	0.00	58.58	1,222	5,967
NEWT	Newtek Biz Serv Corp	Newtek	0.27	77.86	7.28	0.00	53.72	339	4,298
TCPC	BR TCP Capital Corp	BlackRock	0.28	9.06	8.31	0.00	51.22	765	4,608
OCSL	Oaktree Splty Lending	Oaktree Capital	0.28	-3.65	7.27	0.00	38.73	1,235	5,259
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.28	-5.20	8.67	0.00	56.02	1,068	4,033
CSWC	Cap Southwest Corp	Capital Southwest	0.29	52.16	8.68	0.00	54.01	313	4,278
BBDC	Barings BDC	Barings	0.27	-6.46	7.39	0.00	56.29	718	3,508
PNNT	PennantPark Inv Corp	PennantPark	0.31	-26.77	7.47	0.00	47.58	589	3,334
SLRC	SLR Inv Corp	SLR Capital	0.29	-5.46	8.60	0.00	34.68	852	3,390
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.28	19.04	9.33	0.00	38.20	401	2,952
HRZN	Horizon Tech Fin Corp	Horizon Tech Fin	0.30	48.09	7.35	0.00	46.08	213	3,282
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.42	-6.46	7.18	0.00	35.56	590	6,064
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.44	-4.54	11.38	65.47	35.91	956	5,208
NSL	Nuv Sr Incm Fd	Nuveen	0.42	-7.38	7.22	0.00	35.52	236	5,142
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.42	-6.82	7.21	0.00	35.55	416	3,167
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.42	-7.06	6.14	29.70	29.80	494	2,612
VTA	Invsc Dyn Cr Opp Fd	Invesco	0.42	-5.37	7.86	16.98	28.00	762	2,497
VVR	Invsc Sr Incm Tr	Invesco	0.42	-7.64	5.96	19.93	28.00	701	2,221
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.42	-3.15	9.51	33.34	28.35	330	2,107
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.43	-2.30	5.56	0.00	38.40	529	1,757
PPR	Voya Prime Rt Tr	Voya	0.42	-6.07	2.84	0.58	3.60	600	1,856
BGB	Blackstone Stgc Cr Fd	Blackstone	0.42	-8.62	6.38	0.00	36.09	653	1,702
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.42	-2.74	5.16	0.00	37.90	581	1,628
XFLT	XAI Octgn Flt Rt & Alt Incm Trm	XA Investments	0.42	14.16	9.62	0.00	29.13	146	1,478
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.42	-7.49	7.70	0.00	30.12	376	1,455
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.35	-6.20	7.69	0.00	28.03	267	7,073
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.35	-5.76	8.30	0.00	28.74	240	6,519
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	0.35	-2.01	7.89	0.00	25.64	183	4,102
HYT	BR Corp Hi Yld Fd	BlackRock	0.35	-1.98	7.88	15.00	29.55	1,476	4,379
DLY	DbLin Yld Opp Fd	Doubleline	0.35	-3.82	7.13	10.56	20.01	1,212	2,612
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.35	-6.03	7.19	0.00	28.15	779	2,420
DSU	BR Dbt Stgs Fd	BlackRock	0.35	-5.21	6.54	24.44	30.17	546	1,868
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.35	-5.50	6.99	12.08	0.00	518	1,365
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.35	-8.11	8.29	4.33	27.40	676	1,790
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.35	-6.84	7.90	10.51	24.11	569	1,604
EAD	WF Incm Opp Fd	Wells Fargo	0.35	-5.62	7.82	1.59	26.20	550	1,524
KIO	KKR Incm Opp Fd	KKR Credit	0.34	-5.04	7.96	1.36	36.53	339	1,297
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.35	-4.04	6.74	0.00	12.60	494	1,242
JHB	Nuv Corp Incm Nov 2021 Tgt Trm	Nuveen	0.35	-0.74	2.61	0.00	0.00	531	1,391
HIX	WA Hi Incm Fd II	Franklin Templeton	0.35	-1.69	8.40	6.15	28.80	418	1,009
ACP	Abd Incm Cr Stgs Fd	Aberdeen	0.35	1.55	10.16	37.36	31.03	203	1,259
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.34	-7.87	8.74	30.03	25.73	549	1,018
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.55	-0.31	6.20	0.00	36.20	1,997	4,516
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.55	-2.55	6.66	0.00	36.16	1,013	3,247
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.55	-1.06	6.32	6.70	30.71	1,486	2,996
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.54	11.84	6.61	0.00	32.80	936	2,043
PDT	JH Prm Div Fd	John Hancock	0.55	4.68	7.70	0.00	34.91	707	2,362
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen & Steers	0.55	-2.61	6.23	34.46	32.70	1,286	2,317
HPI	JH Pref Incm Fd	John Hancock	0.54	1.58	7.19	2.38	32.26	532	1,734
HPF	JH Pref Incm Fd II	John Hancock	0.56	6.95	6.93	6.31	32.56	427	1,691
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.55	13.93	6.42	0.00	33.00	519	1,448
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.04	-2.64	7.56	0.00	32.03	1,195	4,540
CHI	Calamos Convt Opp & Incm	Calamos	1.04	-1.36	7.48	0.00	32.00	1,096	4,447
NCZ	Virtus AG Convt & Incm Fd II	Virtus	1.02	-9.79	8.72	32.67	38.10	435	2,482
NCV	Virtus AG Convt & Incm Fd	Virtus	1.01	-8.78	8.76	29.87	37.61	577	2,746
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.00	3.38	7.14	0.00	30.91	776	3,310
BBN	BR Taxable Muni BndTr	BlackRock	1.94	0.16	5.71	4.55	32.77	1,414	4,799
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	1.97	4.32	6.38	10.23	41.57	461	1,686
ADX	Adams Divr Eq Fd	Adams Funds	0.74	-13.68	4.72	0.00	0.00	2,450	3,416
AEF	Abd Emrg Mkt Eq Incm Fd	Aberdeen	0.70	-13.03	2.95	0.00	7.71	498	483
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.04	-10.46	7.07	2.95	2.31	1,149	3,159
ASG	Liberty All-Star Gwth Fd	ALPS	0.73	4.39	7.74	0.00	0.00	357	1,516
BGY	BR Enh Intl DivTr	BlackRock	1.05	-6.86	6.49	70.16	0.00	699	1,339
BIF	Boulder Gwth & Incm Fd	Boulder	1.17	-14.68	3.11	3.61	14.05	1,513	1,633
BSTZ	BR Sci & Tech Tr II	BlackRock	1.10	-4.24	5.31	70.21	0.00	3,152	9,502
CAF	MS China A Shr Fd	Morgan Stanley	0.71	-10.57	10.24	0.00	0.00	551	1,026
CET	Cntrl Sec Corp	Central Securities	0.73	-16.00	4.36	0.00	0.00	1,218	630
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.13	35.93	14.11	68.20	0.00	782	14,050
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.13	39.36	13.74	69.44	0.00	396	7,292
EMF	Tmp Emrg Mkt Fd	Franklin Templeton	0.72	-9.85	3.42	0.00	4.97	345	684
EOD	WF Glbl Div Opp Fd	Wells Fargo	1.07	-8.60	9.36	0.00	16.60	257	1,239
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	1.59	-6.76	6.19	33.14	19.90	1,625	3,076
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.76	-4.28	6.11	5.25	19.60	458	1,547
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.56	-1.61	6.47	3.85	19.80	2,010	3,760
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	1.73	-11.26	5.53	58.62	23.58	253	559
FUND	Sprott Focus Tr	Sprott	0.74	-10.80	6.62	0.00	0.00	273	599
GAB	Gabelli Eq Tr	Gabelli	0.73	7.86	8.57	47.08	22.00	1,699	4,073
GAM	General American Invstr	General American Inv	0.74	-14.06	6.02	0.00	14.55	1,196	1,156
GDV	Gabelli Div & Incm Tr	Gabelli	1.59	-10.10	5.29	0.84	12.00	2,509	4,465
GGT	Gabelli Multimedia Tr	Gabelli	0.76	10.76	8.64	9.36	31.00	232	775
GLQ	Clough Glbl Eq Fd	Clough	1.06	-5.08	10.13	0.00	32.28	221	1,409
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.10	-25.27	10.25	4.27	24.76	242	1,458
HIE	Miller/Howard Hi Incm Eq Fd	Miller/Howard	0.72	-7.78	5.93	30.75	19.35	197	755
IDE	Voya Infra Ind & Matrls Fd	Voya	1.02	-4.25	7.39	81.22	0.00	240	1,265
IFN	India Fund	Aberdeen	0.70	-6.50	11.05	51.49	0.00	604	2,050
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.04	-7.46	8.23	78.42	0.00	598	1,886
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	1.66	-7.65	9.17	79.00	0.00	162	681
IIF	MS India Inv Fd	Morgan Stanley	0.69	-13.62	0.02	0.00	0.00	293	532
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.76	-3.47	7.66	6.41	0.00	264	760
JOF	Japan Sml Caplz Fd	Nomura	0.73	-11.67	3.64	0.00	0.00	303	572
JTA	Nuv Tx-Adv Tot Rtn Stgy Fd	Nuveen	0.74	-10.05	7.03	58.78	27.80	168	699
JTD	Nuv Tx-Adv Div Gwth Fd	Nuveen	0.74	-9.72	7.68	2.25	29.49	246	712
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	0.74	-4.44	6.97	0.00	27.13	270	789
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.75	-11.79	5.16	12.02	4.09	586	1,706
RVT	Royce Val Tr	Franklin Templeton	1.15	-10.67	5.60	10.04	3.57	2,121	4,570
SPE	Spl Opp Fd	Bulldog	0.73	-16.79	7.51	0.00	28.85	155	716
TDF	Tmp Dragon Fd	Franklin Templeton	0.68	-8.38	5.15	0.00	0.00	827	1,023
TY	Tri-Cont Corp	Columbia Mngmt	1.16	-9.44	2.93	0.00	2.10	1,945	1,650
USA	Liberty All-Star Eq Fd	ALPS	1.21	2.75	9.73	0.00	0.00	1,737	7,524
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.19	-4.02	7.73	95.81	0.00	3,017	6,682
BST	BR Sci & Tech Tr	BlackRock	0.21	9.38	4.58	49.81	0.00	1,366	6,052
BDJ	BR Enh Eq Div Tr	BlackRock	0.19	-5.83	6.19	15.48	0.00	1,914	5,449
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.19	-2.36	7.64	85.12	0.00	2,057	4,201
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.20	1.00	6.32	97.94	0.00	1,167	4,000
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.19	3.66	8.38	95.56	0.00	1,403	3,929
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.20	-10.69	6.22	34.19	0.00	1,535	3,317
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.19	-0.83	8.15	61.08	0.00	1,161	3,509
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.20	-4.75	6.21	66.67	0.00	1,513	2,901
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.20	0.31	5.20	77.63	0.00	1,131	2,734
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.19	5.68	8.31	69.85	0.00	664	2,260
BOE	BR Enh Glbl DivTr	BlackRock	0.20	-7.48	6.31	62.34	0.00	830	2,282
STK	ClmbSlgmn Prm Tech Gwth Fd	Columbia Mngmt	0.20	1.88	5.59	69.10	0.00	517	2,060
KYN	KA Nrg Infra Fd	Kayne Anderson	0.25	-12.77	8.29	100.00	29.07	1,050	5,249
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.25	-13.55	8.00	100.00	30.21	381	1,925
TYG	Tortoise Nrg Infra Corp	Tortoise	0.25	-21.99	5.04	100.00	31.20	382	2,000
FEI	FT MLP & Nrg Incm Fd	First Trust	0.25	-11.08	8.60	86.08	20.42	355	1,660
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.25	-2.14	8.77	98.57	20.67	272	1,689
KMF	KA NextGen Nrg & Infra	Kayne Anderson	0.25	-18.61	5.38	20.64	26.96	388	1,296
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.24	-19.08	6.93	100.00	30.40	313	1,167
NML	NB MLP & Nrg Incm Fd	Neuberger Berman	0.25	-21.79	4.16	100.00	14.20	309	1,172
GER	GS MLP & Nrg Renaissance Fd	Goldman Sachs	0.25	-17.21	6.26	79.43	0.00	199	923
NTG	Tortoise Midstream Nrg Fd	Tortoise	0.25	-22.41	5.04	100.00	29.70	190	876
RQI	C&S Qlty Incm Rty Fd	Cohen & Steers	0.84	-2.04	6.65	12.10	26.40	1,977	6,080
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Clarion	0.84	-8.74	7.46	69.33	23.46	1,027	3,033
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	0.84	-3.91	7.82	65.50	15.94	546	2,768
BMEZ	BR Health Sci Tr II	BlackRock	0.62	-7.29	6.48	38.26	N/A	3,263	8,188
HQH	Tekla Health Invstr	Tekla	0.60	-3.59	8.44	6.36	0.00	1,100	3,782
THW	Tekla Wld Health Fd	Tekla	0.63	3.05	9.02	100.00	21.20	560	3,596
THQ	Tekla Health Opp Fd	Tekla	0.62	-2.83	6.06	88.51	20.03	948	2,561
BCX	BR Res & Com Stgy Tr	BlackRock	0.84	-1.61	5.22	72.32	0.00	825	5,747
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.85	-9.45	9.89	88.29	13.00	628	3,309
NRGX	Nrg & Tac Cr Opp Fd	PIMCO	0.83	-13.82	6.53	79.53	16.08	540	1,810
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.43	5.68	6.74	0.00	29.39	2,677	4,642
GLO	Clough Glbl Opp Fd	Clough	0.43	-3.43	10.06	13.89	32.51	433	2,307
NIE	Virtus AG Eq & Convt Incm Fd	Virtus	0.43	-9.19	5.16	0.00	0.00	898	2,113
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.41	-11.00	7.75	0.00	20.84	444	1,896
ZTR	Virtus Tot Rtn Fd	Virtus	0.41	0.00	10.28	75.73	26.99	443	1,447
RIV	RiverNorth Opp Fd	RiverNorth	0.42	3.54	11.45	51.20	7.41	172	1,495
DNP	DNP Sel Incm Fd	Duff & Phelps	0.42	5.88	7.73	19.69	26.82	3,212	8,045
UTG	Reaves Util Incm Fd	W.H. Reaves	0.42	2.61	6.25	8.33	16.47	1,817	7,643
UTF	C&S Infra Fd	Cohen & Steers	0.42	12.06	6.37	13.88	26.90	2,437	7,237
DPG	D&P Util & Infra Fd	Duff & Phelps	0.42	-1.71	10.17	54.79	29.80	531	2,511
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.41	2.36	5.68	49.83	0.00	488	1,853
GUT	Gabelli Util Tr	Gabelli	0.42	62.76	8.47	100.00	32.00	240	1,392
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.96	-7.86	9.41	79.25	0.00	118	420
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	1.00	-15.83	10.25	100.00	0.00	42	283
BTO	JH Fin Opp Fd	John Hancock	0.99	6.44	5.62	0.00	15.42	690	2,610

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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