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

Data as of 01/22/2021 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	1,499.07	-0.20	0.90	5.09	18.98	24.70	7.70	6.75	13.27	3.74	3.74	3.74
NAV	1,454.96	-0.10	0.52	4.47	13.78	19.35	10.26	6.75	11.20	3.03	3.03	3.03
Difference		0.09	-0.38	-0.62	-5.21	-5.35	2.56	0.00	-2.07	-0.71	-0.71	-0.71
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2020 - Monthly Performance (%) Show Previous Years
	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	17.26	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	13.24	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	-4.02	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 -6.50%	1Yr Disc -8.69%	3Yr Disc -6.00%	5Yr Disc -5.98%	Rel Disc Range (3yr) 62.07%
Mkt Yield 7.63%	Lev Adj NAV Yield 6.04%	After Tax Yield* 6.38%	Est Tax Friction* 1.25%	3Yr NAV Volatiliy 20.16
1 Yr RoC 42.16%	3 Yr Dest RoC 25.54%	Leverage 20.17%	Non Lev Exp Ratio 1.57%	Beta (2yr) 0.93
Equity Exposure 56.11%	Bond Exposure 40.85%	# Holdings 168	Cash Weighted Duration 1.31
Comp NAV TR 0.69%	Comp Discount 1.40%	Net Assets (M) 936	Liquidity - 90d (K) 3,177
* 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)
PCI	PIMCO Dyn Cr & Mortg Incm	PIMCO	0.71	4.79	9.84	1.38	42.61	3,000	11,992
PDI	PIMCO Dyn Incm Fd	PIMCO	0.70	5.56	10.09	0.00	38.67	1,677	9,090
DSL	DbLin Incm Solutions Fd	Doubleline	0.70	-7.05	7.95	6.64	27.42	1,819	9,465
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.72	17.46	10.90	61.65	27.62	808	4,723
RA	Brkf Real Ast Incm Fd	Brookfield	0.73	-6.98	12.89	55.17	25.74	874	3,785
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.72	-4.60	6.74	16.34	29.46	1,463	3,404
PHK	PIMCO Hi Incm Fd	PIMCO	0.71	4.44	9.43	0.00	29.08	779	3,304
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.70	-10.11	6.75	0.00	43.27	1,118	2,605
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.71	5.40	9.65	2.02	32.57	696	2,562
BHK	BR Core Bnd Tr	BlackRock	0.70	-0.61	5.52	5.11	25.08	880	2,145
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.70	-5.22	8.52	32.02	34.70	690	1,919
ARCC	Ares Capital Corp	Ares	0.27	6.19	9.14	0.00	50.50	6,965	35,064
ORCC	Owl Rock Capital Corp	Owl Rock	0.28	-10.02	9.39	0.00	42.07	5,695	21,112
MAIN	Main Street Cap Corp	Main Street Capital	0.27	53.49	7.45	0.00	44.68	1,426	14,344
FSKR	FS KKR Capital Corp. II	FS/KKR	0.28	-30.98	12.93	0.00	42.49	4,195	10,367
HTGC	Hercules Capital	Hercules	0.28	48.93	8.38	0.00	51.61	1,176	10,864
FSK	FS KKR Capital Corp	FS/KKR	0.29	-29.11	13.84	0.00	55.85	3,027	10,342
PSEC	Prospect Capital Corp	Prospect Capital	0.31	-26.07	11.59	0.00	39.74	3,197	12,934
GBDC	Golub Capital BDC	Golub Capital	0.28	3.07	7.85	0.00	45.53	2,397	9,070
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.27	24.13	7.83	0.00	43.50	1,141	5,793
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	-4.41	10.26	0.00	59.57	1,185	5,371
AINV	Apollo Inv Corp	Apollo	0.32	-20.27	10.07	0.00	60.48	1,008	6,445
GSBD	Goldman Sachs BDC	Goldman Sachs	0.26	17.11	9.92	0.00	58.09	1,573	5,257
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.28	-21.02	10.58	0.00	57.76	1,050	4,149
NEWT	Newtek Biz Serv Corp	Newtek	0.28	37.87	9.01	0.00	51.44	324	3,344
TCPC	BR TCP Capital Corp	BlackRock	0.28	-6.45	10.09	0.00	55.54	734	3,330
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.28	3.09	10.52	0.00	37.74	409	2,877
OCSL	Oaktree Splty Lending	Oaktree Capital	0.27	-11.56	7.67	0.00	43.23	915	3,012
CGBD	TCG BDC	Carlyle	0.30	-25.05	11.38	0.00	56.01	845	2,842
PNNT	PennantPark Inv Corp	PennantPark	0.30	-34.18	9.30	0.00	51.00	526	3,284
HRZN	Horizon Tech Fin Corp	Horizon Tech Fin	0.28	23.01	8.73	0.00	43.87	205	2,454
PFLT	PennantPark Flt Rt Cap	PennantPark	0.28	-9.34	10.22	0.00	56.89	477	2,520
CSWC	Cap Southwest Corp	Capital Southwest	0.27	19.21	11.14	0.00	55.09	286	2,561
HFRO	Highland Incm Fd	Highland Capital	0.41	-22.35	9.01	13.26	32.90	943	4,490
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.42	-8.90	14.27	63.87	35.95	960	4,748
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.44	-9.40	6.22	0.00	35.75	410	3,424
VTA	Invsc Dyn Cr Opp Fd	Invesco	0.42	-8.35	8.20	11.11	30.00	754	2,923
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.44	-9.30	6.29	0.00	35.75	581	2,859
BGB	Blackstone Stgc Cr Fd	Blackstone	0.43	-9.99	6.70	0.00	36.68	649	2,602
VVR	Invsc Sr Incm Tr	Invesco	0.43	-8.79	6.07	19.05	30.00	696	2,060
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.44	-5.81	5.58	0.00	36.40	583	2,084
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.44	-9.26	6.28	24.09	29.76	495	2,227
PPR	Voya Prime Rt Tr	Voya	0.42	-8.45	3.56	0.00	20.54	608	2,070
NSL	Nuv Sr Incm Fd	Nuveen	0.43	-9.83	6.77	0.00	35.76	232	1,028
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.44	-7.16	5.93	0.00	37.53	530	1,708
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.42	-9.74	10.79	45.46	28.62	336	1,335
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.42	-11.00	8.08	0.00	30.18	373	1,221
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.34	-9.70	8.66	0.00	29.27	240	5,281
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.34	-9.84	8.65	0.77	28.03	263	4,987
HYT	BR Corp Hi Yld Fd	BlackRock	0.34	-6.41	8.32	14.17	31.96	1,464	4,511
DLY	DbLin Yld Opp Fd	Doubleline	0.35	-6.67	7.36	12.67	20.01	1,218	3,974
HIO	WA Hi Incm Opp Fd	Legg Mason	0.34	-10.24	7.94	11.82	0.00	520	2,834
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	0.34	-7.85	8.52	0.61	31.47	180	3,437
HIX	WA Hi Incm Fd II	Legg Mason	0.34	-4.45	8.56	7.04	28.08	422	2,048
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.34	-11.60	8.65	2.75	27.01	674	1,743
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.35	-10.57	8.32	8.84	24.75	563	1,813
DSU	BR Dbt Stgs Fd	BlackRock	0.35	-9.05	6.82	25.01	29.76	546	1,888
JHB	Nuv Corp Incm Nov 2021 Tgt Trm	Nuveen	0.34	-2.01	2.65	0.00	0.00	529	1,622
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.33	-8.47	7.28	0.00	28.03	789	1,665
KIO	KKR Incm Opp Fd	KKR Credit	0.35	-10.01	8.59	1.30	36.72	331	1,529
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.35	-10.09	8.87	30.93	25.75	554	1,339
EAD	WF Incm Opp Fd	Wells Fargo	0.34	-10.45	8.22	5.09	27.11	551	1,366
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.35	-10.44	8.35	0.00	28.68	340	1,135
EHI	WA Glbl Hi Incm Fd	Legg Mason	0.35	-4.12	7.84	3.19	28.65	243	1,018
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.58	-3.91	6.48	0.00	36.06	1,983	4,102
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.60	-3.44	6.48	1.54	30.44	1,485	3,037
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.58	-4.96	6.91	0.00	36.05	1,000	2,529
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.58	7.95	6.86	0.00	32.50	933	2,293
PDT	JH Prm Div Fd	John Hancock	0.59	1.97	8.38	13.69	36.20	665	1,892
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.60	7.89	6.80	0.00	32.80	518	1,600
HPF	JH Pref Incm Fd II	John Hancock	0.59	-5.01	7.97	7.53	32.56	418	1,795
HPI	JH Pref Incm Fd	John Hancock	0.58	-5.38	7.87	6.61	32.41	521	1,865
NCZ	AG Convt & Incm Fd II	Allianz	0.97	-13.48	8.88	24.31	38.91	446	6,273
NCV	AG Convt & Incm Fd	Allianz	0.98	-11.64	8.84	31.48	38.42	590	4,181
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.02	-8.75	7.99	0.00	27.00	1,205	3,616
CHI	Calamos Convt Opp & Incm	Calamos	1.01	-9.63	8.10	0.00	27.00	1,105	3,556
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.03	-6.52	7.81	0.00	27.00	785	2,623
BBN	BR Taxable Muni BndTr	BlackRock	1.88	3.27	5.35	0.00	31.07	1,453	4,169
NBB	Nuv Taxable Muni Incm Fd	Nuveen	1.93	4.06	5.01	0.00	36.20	627	1,483
ADX	Adams Divr Eq Fd	Adams Funds	0.71	-13.78	5.08	0.00	0.00	2,232	3,605
AEF	Abd Emrg Mkt Eq Incm Fd	Aberdeen	1.79	-14.40	2.49	0.00	7.87	515	624
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.02	-14.07	7.58	11.43	0.00	1,117	3,448
ASG	Liberty All-Star Gwth Fd	ALPS	0.77	8.54	7.19	0.00	0.00	341	1,658
ASGI	Abd Std Glbl Infra Incm Fd	Aberdeen	1.07	-9.37	6.52	51.52	0.00	195	977
BGY	BR Enh Intl DivTr	BlackRock	1.02	-8.09	6.74	70.49	0.00	683	1,542
BIF	Boulder Gwth & Incm Fd	Boulder	1.10	-18.27	3.62	0.00	0.00	1,384	1,707
BSTZ	BR Sci & Tech Tr II	BlackRock	1.00	-10.51	3.74	90.87	0.00	3,218	7,108
CAF	MS China A Shr Fd	Morgan Stanley	0.69	-15.78	10.38	0.00	0.00	577	1,456
CET	Cntrl Sec Corp	Central Securities	0.75	-15.98	4.97	0.00	0.00	1,049	662
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.16	24.60	15.43	73.46	0.00	770	8,895
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.16	26.17	15.24	75.37	0.00	393	4,840
EMF	Tmp Emrg Mkt Fd	Templeton	0.75	-7.41	3.23	0.00	4.97	356	860
EOD	WF Glbl Div Opp Fd	Wells Fargo	1.05	-11.91	10.36	0.00	18.23	249	1,060
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	1.48	-9.53	6.78	25.73	23.08	1,529	3,218
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.70	-6.94	6.67	16.39	22.68	432	1,501
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.53	-4.40	7.22	8.70	22.45	1,854	4,348
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	1.70	-13.75	5.95	73.15	24.60	242	802
GAB	Gabelli Eq Tr	Gabelli	0.69	5.00	9.52	88.83	23.00	1,558	5,270
GAM	General American Invstr	General American Inv	0.70	-15.44	6.58	0.00	15.90	1,098	1,120
GDV	Gabelli Div & Incm Tr	Gabelli	1.56	-12.82	5.90	7.35	12.00	2,324	5,804
GGT	Gabelli Multimedia Tr	Gabelli	0.71	-3.17	10.68	91.14	34.00	214	690
GLQ	Clough Glbl Eq Fd	Clough	0.75	-14.04	10.73	52.21	35.00	231	1,038
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.04	-34.77	12.47	11.53	25.82	228	1,211
HIE	Miller/Howard Hi Incm Eq Fd	Miller/Howard	1.05	-9.36	5.83	46.19	26.19	170	1,013
IDE	Voya Infra Ind & Matrls Fd	Voya	0.74	-12.08	8.45	75.66	0.00	229	876
IFN	India Fund	Aberdeen	0.71	-11.79	9.69	29.06	0.00	630	1,938
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.03	-12.66	8.92	74.42	0.00	586	1,985
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	0.78	-7.91	8.97	80.00	0.00	166	637
IIF	MS India Inv Fd	Morgan Stanley	0.72	-15.39	0.02	0.00	0.00	298	900
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.70	-8.37	6.27	6.79	0.00	251	621
JOF	Japan Sml Caplz Fd	Nomura	0.70	-11.51	3.76	0.00	0.00	293	654
JTA	Nuv Tx-Adv Tot Rtn Stgy Fd	Nuveen	0.72	-12.46	7.80	57.08	28.81	156	797
JTD	Nuv Tx-Adv Div Gwth Fd	Nuveen	0.69	-12.58	8.27	1.90	29.49	236	878
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	0.73	-6.07	6.82	0.00	26.41	259	769
RGT	Royce Glbl Val Tr	Legg Mason	0.70	-10.33	8.79	0.00	5.68	79	941
RMT	Royce Micro-Cap Tr	Legg Mason	0.76	-14.31	5.48	20.56	5.63	560	1,827
RVT	Royce Val Tr	Legg Mason	1.17	-12.84	5.75	9.85	4.64	2,003	4,986
SOR	Source Capital	First Pacific	0.71	-10.91	2.41	0.00	0.00	393	584
TDF	Tmp Dragon Fd	Templeton	0.75	-9.62	4.57	0.00	0.00	946	1,870
TY	Tri-Cont Corp	Columbia Mngmt	1.13	-11.28	3.51	0.00	2.30	1,832	1,573
USA	Liberty All-Star Eq Fd	ALPS	1.14	-3.68	10.76	0.00	0.00	1,560	5,586
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.19	-6.43	8.32	94.59	0.00	2,874	6,539
BDJ	BR Enh Eq Div Tr	BlackRock	0.19	-10.19	7.02	8.93	0.00	1,771	5,382
BST	BR Sci & Tech Tr	BlackRock	0.19	0.00	4.13	53.53	0.00	1,359	5,191
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.19	-3.94	8.13	92.06	0.00	1,965	4,876
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.19	-2.37	5.83	95.60	0.00	1,138	3,753
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.18	-9.12	6.79	51.73	0.00	1,450	3,355
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.19	-6.62	8.97	62.26	0.00	1,120	3,721
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.18	3.56	8.79	94.85	0.00	1,326	3,764
NFJ	AG Div Int & Prm Stgy Fd	Allianz	0.19	-12.64	6.58	7.00	0.00	1,485	3,443
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.18	-0.28	5.49	85.96	0.00	1,076	2,565
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.19	2.45	8.73	64.71	0.00	651	2,493
CII	BR Enh Cap & Incm Fd	BlackRock	0.19	-8.52	5.86	28.11	0.00	864	1,912
BOE	BR Enh Glbl DivTr	BlackRock	0.19	-9.98	6.81	66.69	0.00	790	1,919
KYN	KA Nrg Infra Fd	Kayne Anderson	0.27	-16.56	9.23	100.00	31.95	985	7,812
CEM	CB MLP & Midstream Fd	Legg Mason	0.27	-18.67	10.03	100.00	31.75	325	2,705
TYG	Tortoise Nrg Infra Corp	Tortoise	0.27	-24.92	5.35	86.24	28.10	367	2,551
FEI	FT MLP & Nrg Incm Fd	First Trust	0.26	-13.81	9.62	83.84	18.23	330	2,219
KMF	KA NextGen Nrg & Infra	Kayne Anderson	0.26	-23.41	5.76	38.10	26.88	385	1,615
EMO	CB Nrg Midstream Opp Fd	Legg Mason	0.28	-22.66	8.46	100.00	29.24	271	1,809
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.26	-11.16	10.40	79.73	19.95	253	1,739
NML	NB MLP & Nrg Incm Fd	Neuberger Berman	0.27	-24.80	4.33	100.00	14.20	281	1,277
NTG	Tortoise Midstream Nrg Fd	Tortoise	0.28	-25.30	5.24	89.56	28.50	186	1,465
GER	GS MLP & Nrg Renaissance Fd	Goldman Sachs	0.27	-22.13	7.31	100.00	0.00	188	1,370
RQI	C&S Qlty Incm Rty Fd	Cohen & Steers	0.80	-5.80	7.78	19.18	25.60	1,759	6,064
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Clarion	0.81	-14.13	8.66	70.83	24.00	941	2,991
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	0.85	-7.41	8.73	64.17	10.30	507	2,602
BMEZ	BR Health Sci Tr II	BlackRock	0.64	-5.38	3.97	39.55	N/A	3,602	5,037
HQH	Tekla Health Invstr	Tekla	0.62	-10.34	7.85	6.49	0.00	1,175	3,523
THQ	Tekla Health Opp Fd	Tekla	0.62	-7.63	6.48	87.37	21.16	932	2,505
THW	Tekla Wld Health Fd	Tekla	0.65	11.11	8.24	100.00	21.96	461	2,254
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.81	-12.62	10.20	49.35	12.00	666	3,190
BCX	BR Res & Com Stgy Tr	BlackRock	0.89	-7.53	5.83	61.91	0.00	786	3,831
BGR	BR Nrg & Res Tr	BlackRock	0.88	-10.98	5.78	49.95	0.00	254	1,743
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.41	-1.54	7.68	10.75	28.00	2,522	4,486
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.42	-11.14	8.66	12.78	21.96	398	2,223
NIE	AG Eq & Convt Incm Fd	Allianz	0.42	-8.31	5.18	5.75	0.00	887	2,024
GLO	Clough Glbl Opp Fd	Clough	0.44	-13.76	10.73	61.17	35.24	454	2,079
ZTR	Virtus Tot Rtn Fd	Virtus	0.40	-6.03	11.00	78.94	27.73	441	1,508
FOF	C&S CE Opp Fd	Cohen & Steers	0.42	-0.23	8.04	65.67	0.00	354	1,577
UTF	C&S Infra Fd	Cohen & Steers	0.50	7.54	7.01	3.61	28.50	2,308	6,989
UTG	Reaves Util Incm Fd	W.H. Reaves	0.49	1.36	6.57	8.33	17.17	1,751	6,641
DNP	DNP Sel Incm Fd	Duff & Phelps	0.49	15.09	7.52	41.92	27.15	2,775	5,232
DPG	D&P Util & Infra Fd	Duff & Phelps	0.52	-3.62	10.74	77.07	31.32	513	2,731
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.50	4.57	5.62	54.72	0.00	463	1,574
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.07	-8.43	9.21	78.50	0.00	121	411
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	1.06	-14.31	11.03	100.00	0.00	40	240
BTO	JH Fin Opp Fd	John Hancock	1.05	5.74	6.67	28.26	18.96	583	2,606

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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