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 1,633.90 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 (%)
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%.

Asset Allocation

Asset Allocation as reported by each fund's sponsor as of the last reporting period.

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.

© 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 %