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

Data as of 10/03/2022 09/30/2022 08/31/2022 07/29/2022 06/30/2022 05/31/2022 04/29/2022 03/31/2022 02/28/2022 02/11/2022 01/31/2022 12/31/2021 11/30/2021 10/29/2021 09/30/2021 08/31/2021 07/30/2021 06/30/2021 05/28/2021 04/30/2021 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(%)	10 Year(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,378.01	2.03	2.32	-8.93	-6.09	-19.74	-19.55	2.47	3.15	5.67	2.03	2.03	-22.16
NAV	1,337.54	1.61	1.45	-5.37	-3.58	-15.55	-15.37	2.86	3.44	5.79	1.61	1.61	-17.60
Difference		-0.42	-0.87	3.56	2.52	4.19	4.18	0.39	0.29	0.12	-0.42	-0.42	4.56
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2022 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-3.17	-2.88	1.76	-4.30	-6.88	-0.81	-7.22	-14.30	-17.99	8.08	-2.59	-11.64	-6.98	-	-	-	-	-	-
NAV	-2.92	-1.40	1.04	-3.28	-5.53	-0.45	-6.68	-12.24	-15.12	5.98	-2.54	-7.51	-4.47	-	-	-	-	-	-
Difference	0.25	1.48	-0.72	1.02	1.35	0.36	0.54	2.06	2.87	-2.09	0.05	4.13	2.51	-	-	-	-	-	-
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	-2.69	-1.03	4.14	-2.58	2.51	4.00	2.93	22.51
NAV	0.90	2.50	1.98	5.47	3.19	1.67	1.01	5.97	11.76	0.08	1.50	-2.00	-0.45	3.16	-2.03	2.22	3.31	2.85	14.94
Difference	-0.72	-1.97	-1.77	-4.66	-0.59	-0.81	-0.61	-2.11	-7.26	0.48	-0.61	0.69	0.58	-0.98	0.55	-0.29	-0.68	-0.08	-7.56
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
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	-0.57	3.92	0.66	4.00	1.57	2.40	2.25	6.35	10.60	-1.89	2.44	-3.29	-2.80	1.14	0.91	-2.50	-0.50	-3.28	6.98
NAV	-0.36	3.22	1.01	3.89	1.11	2.00	2.01	5.21	9.30	-1.07	2.36	-2.79	-1.56	1.17	0.43	-1.67	-0.09	-1.65	7.50
Difference	0.21	-0.70	0.35	-0.11	-0.45	-0.40	-0.24	-1.13	-1.30	0.81	-0.08	0.50	1.23	0.03	-0.48	0.83	0.41	1.62	0.52
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	6.45	0.79	2.03	9.46	1.65	-1.26	-2.51	-2.15	7.11	1.59	-3.00	2.40	0.91	3.55	-0.44	1.68	4.82	5.78	13.30
NAV	4.16	0.38	1.95	6.59	2.30	-0.41	-2.90	-1.08	5.44	3.11	-1.99	3.10	4.18	2.97	0.65	0.99	4.67	9.05	14.99
Difference	-2.29	-0.41	-0.08	-2.87	0.65	0.85	-0.39	1.07	-1.67	1.52	1.00	0.70	3.28	-0.58	1.09	-0.69	-0.15	3.28	1.69
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	7.91	3.88	0.14	12.25	0.53	-5.35	3.60	-1.43	10.64	2.77	2.18	2.83	7.97	-0.91	-1.01	1.17	-0.77	7.14	18.55
NAV	4.57	3.36	0.48	8.60	0.36	-5.28	2.76	-2.32	6.08	2.30	1.65	2.44	6.53	0.31	0.34	1.51	2.17	8.84	15.45
Difference	-3.34	-0.52	0.34	-3.65	-0.16	0.06	-0.84	-0.90	-4.57	-0.46	-0.53	-0.38	-1.45	1.22	1.35	0.34	2.94	1.70	-3.09

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -7.35%	1Yr Disc -3.34%	3Yr Disc -4.88%	5Yr Disc -4.54%	Rel Disc Range (3yr) 54.58%
Mkt Yield 10.57%	Lev Adj NAV Yield 8.40%	After Tax Yield* 8.98%	Est Tax Friction* 1.59%	3Yr NAV Volatiliy 21.37
1 Yr RoC 38.83%	3 Yr Dest RoC 29.32%	Leverage 20.82%	Non Lev Exp Ratio 1.53%	Beta (2yr) 0.85
Equity Exposure 57.54%	Bond Exposure 40.59%	# Holdings 157	Cash Weighted Duration 1.30
Comp NAV TR 0.40%	Comp Discount 0.75%	Net Assets (M) 931	Liquidity - 90d (K) 2,755
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

157 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.68	5.63	13.31	0.00	44.43	4,315	17,061
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.66	22.05	14.10	56.46	22.90	1,367	6,874
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.67	-7.55	11.39	0.00	47.82	1,603	6,156
RA	Brkf Real Ast Incm Fd	Brookfield	0.67	12.16	13.55	57.61	28.94	846	3,932
DSL	DbLin Incm Solutions Fd	Doubleline	0.67	-8.83	11.95	0.00	27.17	1,236	3,847
PAXS	PIMCO Access Incm Fd	PIMCO	0.68	-3.39	11.05	0.00	44.66	738	2,487
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.67	-10.92	10.28	15.55	30.88	1,028	2,299
HFRO	Highland Incm Fd	Highland Capital	0.66	-33.89	9.38	19.06	13.42	1,013	1,925
WDI	WA Divr Incm Fd	Franklin Templeton	0.67	-14.41	11.75	2.47	32.89	773	1,859
PHK	PIMCO Hi Incm Fd	PIMCO	0.68	2.37	12.10	0.00	31.82	633	1,870
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.67	-11.19	8.69	0.64	33.77	879	1,635
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.68	0.85	12.05	0.00	34.49	562	1,560
ARCC	Ares Capital Corp	Ares	0.26	-7.50	9.89	0.00	53.81	9,507	45,546
FSK	FS KKR Capital Corp	FS/KKR	0.26	-34.42	15.47	0.00	54.38	7,480	19,123
ORCC	Owl Rock Capital Corp	Owl Rock	0.26	-26.52	11.65	0.00	53.89	5,703	19,068
BXSL	Blackstone Secur Lending Fd	Blackstone Cr BDC Advis	0.26	-8.23	10.10	0.00	55.75	4,279	17,506
MAIN	Main Street Cap Corp	Main Street Capital	0.26	34.57	7.73	0.00	48.54	1,909	12,373
HTGC	Hercules Capital	Hercules	0.26	11.31	12.06	0.00	52.22	1,327	11,542
PSEC	Prospect Capital Corp	Prospect Capital	0.26	-39.03	11.27	0.00	44.75	4,137	9,455
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.26	1.78	10.14	0.00	48.64	1,318	8,834
GBDC	Golub Capital BDC	Golub Capital	0.26	-17.70	9.63	0.00	54.67	2,587	7,428
GSBD	Goldman Sachs BDC	Goldman Sachs	0.26	-6.83	12.44	0.00	54.91	1,587	5,189
OCSL	Oaktree Splty Lending	Oaktree Capital	0.26	-12.05	11.22	0.00	50.44	1,263	4,415
PFLT	PennantPark Flt Rt Cap	PennantPark	0.26	-19.90	11.66	0.00	58.57	554	3,589
BBDC	Barings BDC	Barings	0.26	-27.17	11.55	2.70	54.17	1,246	3,518
SLRC	SLR Inv Corp	SLR Capital	0.26	-32.54	13.12	10.16	41.72	1,015	3,307
NMFC	New Mountain Fin Corp	New Mountain Capital	0.26	-13.49	10.34	1.37	59.22	1,352	3,110
CSWC	Cap Southwest Corp	Capital Southwest	0.26	3.02	12.21	0.00	54.84	455	3,033
TRIN	Trinity Capital	Trinity Capital	0.26	-14.77	14.45	0.00	53.73	512	2,787
MFIC	MidCap Fin Invt Corp	Apollo	0.26	-33.57	12.42	0.00	60.80	986	2,767
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.26	-14.30	12.91	0.00	53.85	453	2,783
TCPC	BR TCP Capital Corp	BlackRock	0.26	-20.90	10.86	14.68	55.96	807	2,533
CION	CION Inv Corp	CION Inv Mgmt	0.26	-46.76	14.66	0.00	58.14	905	2,439
NEWT	Newtek Biz Serv Corp	Newtek	0.26	0.98	15.79	0.00	49.87	397	2,459
CGBD	TCG BDC	Carlyle	0.26	-30.99	11.72	0.00	55.23	872	2,450
VVR	Invsc Sr Incm Tr	Invesco	0.50	-9.76	10.13	3.62	32.00	643	2,721
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.50	-10.81	9.69	34.87	38.77	791	1,970
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.50	-11.31	7.18	13.15	28.45	443	1,323
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.49	-8.16	8.42	36.30	18.81	280	1,240
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.50	-9.96	9.73	15.74	38.16	515	1,282
XFLT	XAI Octgn Flt Rt & Alt Incm Trm	XA Investments	0.51	-5.01	14.43	0.00	41.27	226	1,083
BGB	Blackstone Stgc Cr Fd	Blackstone	0.50	-10.47	8.57	0.00	35.52	538	1,039
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.49	-9.81	8.84	11.30	37.37	357	1,011
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.50	-10.63	10.30	0.00	34.76	306	896
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.50	-9.25	9.66	14.02	38.35	364	855
BRW	Saba Cap Incm & Opp Fd	Saba Capital	0.50	-7.52	13.22	90.99	41.27	367	774
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.49	-8.53	8.18	7.77	38.80	362	751
HYT	BR Corp Hi Yld Fd	BlackRock	0.37	-6.81	10.84	17.58	25.91	1,131	3,960
DLY	DbLin Yld Opp Fd	Doubleline	0.38	-8.46	10.03	6.58	21.87	731	1,906
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.37	-12.70	11.25	18.30	21.29	570	1,397
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.38	-11.91	10.71	15.35	20.79	444	1,330
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.38	-10.87	11.65	18.87	14.69	497	1,232
EAD	Allspring Incm Opp Fd	Allspring	0.38	-8.68	10.64	15.85	31.20	416	1,155
DSU	BR Dbt Stgs Fd	BlackRock	0.37	-12.01	8.06	12.56	28.74	477	968
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.37	-11.63	11.59	33.46	31.39	412	930
KIO	KKR Incm Opp Fd	KKR Credit	0.37	-9.03	10.98	0.00	39.41	257	921
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.37	-12.76	10.47	0.00	31.54	177	906
HIX	WA Hi Incm Fd II	Franklin Templeton	0.38	-6.64	13.07	8.53	34.39	313	799
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.38	-12.07	10.23	0.00	22.31	283	763
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.37	-11.86	8.89	15.84	23.09	408	757
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.37	-2.98	18.40	1.39	43.53	167	713
PHT	Pioneer Hi Incm Fd	Amundi Asset Mgmt	0.37	-11.01	11.45	0.16	32.30	216	712
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.38	-11.79	9.63	7.23	0.00	403	688
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.56	-10.22	7.81	0.00	38.73	1,530	3,666
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.57	-6.72	8.27	22.26	37.40	1,118	3,194
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.54	-10.42	8.18	1.50	32.95	1,121	2,270
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.55	-5.28	7.97	0.00	38.20	764	2,092
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.56	-7.82	9.00	0.00	37.87	806	1,664
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.55	-7.77	7.52	0.00	38.10	423	1,568
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.56	-8.28	8.75	10.49	34.00	586	1,298
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.56	-7.53	9.36	0.00	37.07	462	1,090
PDT	JH Prm Div Fd	John Hancock	0.56	10.73	8.40	17.01	35.25	615	888
CCD	Calamos Dyn Convt & Incm Fd	Calamos	0.99	1.35	11.57	0.00	36.43	508	1,721
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.00	-3.01	11.64	0.00	36.84	794	1,672
CHI	Calamos Convt Opp & Incm	Calamos	0.99	-3.36	11.67	0.00	36.73	740	1,572
NCV	Virtus Convt & Incm Fd	Virtus	1.00	-14.55	15.79	85.78	46.10	342	1,537
NCZ	Virtus Convt & Incm Fd II	Virtus	0.99	-16.42	16.07	87.63	48.90	255	1,359
BBN	BR Taxable Muni BndTr	BlackRock	1.97	-4.50	8.91	9.97	33.92	1,064	4,227
NBB	Nuv Taxable Muni Incm Fd	Nuveen	1.98	-5.02	8.29	0.00	40.61	479	1,353
ADX	Adams Divr Eq Fd	Adams Funds	1.01	-14.90	7.69	0.00	0.00	2,072	2,570
AOD	abrdn Tot Dyn Div Fd	abrdn	1.39	-12.95	9.50	20.74	0.00	879	2,988
ASG	Liberty All-Star Gwth Fd	ALPS	1.02	-0.77	8.54	0.00	0.00	292	797
BGY	BR Enh Intl DivTr	BlackRock	1.38	-11.35	8.95	52.07	0.00	531	1,561
BIGZ	BR Innovation & Gwth Tr	BlackRock	1.39	-18.37	11.32	100.00	0.00	2,143	6,799
BSTZ	BR Sci & Tech Tr II	BlackRock	1.38	-16.27	12.86	11.35	0.00	1,680	4,437
CET	Cntrl Sec Corp	Central Securities	1.00	-14.23	10.86	0.00	0.00	1,098	615
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.40	30.42	24.68	72.60	0.00	1,390	16,488
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.41	31.00	24.74	69.01	0.00	629	8,339
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	1.74	-1.82	10.35	24.31	22.60	1,172	2,360
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	1.00	-2.97	10.45	20.10	21.60	347	1,298
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.00	-0.54	8.75	0.00	20.40	1,655	2,347
GAB	Gabelli Eq Tr	Gabelli	0.99	20.13	11.35	78.10	22.00	1,348	2,216
GAM	General American Invstr	General American Inv	1.01	-16.24	10.22	0.00	15.87	994	760
GDV	Gabelli Div & Incm Tr	Gabelli	1.78	-14.38	6.93	3.77	14.00	2,012	3,095
GLQ	Clough Glbl Eq Fd	Clough	1.41	-8.02	19.61	29.33	46.05	143	633
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.39	-24.06	10.92	0.00	1.22	260	643
IFN	India Fund	abrdn	0.99	-8.91	11.32	0.00	0.00	494	1,137
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.37	-11.11	9.52	69.15	0.00	454	1,042
IIF	MS India Inv Fd	Morgan Stanley	0.99	-16.56	4.27	0.00	0.00	299	566
JCE	Nuv Core Eq Alpha Fd	Nuveen	1.05	-0.32	12.53	0.00	0.00	203	646
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.40	-7.59	10.79	18.92	28.23	195	537
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.41	-17.01	12.30	90.83	0.00	926	2,288
RMT	Royce Micro-Cap Tr	Franklin Templeton	1.01	-11.58	11.63	23.18	4.78	418	1,006
RVT	Royce Val Tr	Franklin Templeton	1.40	-7.52	9.91	0.43	4.23	1,479	3,114
SOR	Source Capital	First Pacific	1.00	-7.66	6.22	0.00	0.00	324	533
STEW	SRH Tot Rtn Fd	Paralel Advisors	1.01	-18.24	4.30	25.52	14.00	1,329	665
TDF	Tmp Dragon Fd	Franklin Templeton	0.99	-12.42	0.00	N/A	0.00	362	1,174
TY	Tri-Cont Corp	Columbia Mngmt	1.39	-9.46	4.14	0.00	2.30	1,572	1,485
USA	Liberty All-Star Eq Fd	ALPS	1.40	0.00	11.27	0.00	0.00	1,444	4,547
BST	BR Sci & Tech Tr	BlackRock	0.23	-4.29	9.96	0.00	0.00	1,019	4,464
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.23	-0.66	11.01	6.29	0.00	2,310	4,286
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.23	12.57	9.83	74.15	0.00	1,305	3,879
BDJ	BR Enh Eq Div Tr	BlackRock	0.23	-4.05	8.14	0.00	0.00	1,607	3,652
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.24	4.27	9.28	13.13	0.00	973	3,518
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.23	2.19	9.96	12.72	0.00	1,710	2,639
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.23	-13.64	9.00	0.00	0.00	1,195	2,267
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.23	-0.82	10.49	27.35	0.00	814	2,189
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.23	-2.74	11.16	5.36	0.00	880	2,089
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.24	1.73	7.64	33.76	0.00	1,267	2,127
BOE	BR Enh Glbl DivTr	BlackRock	0.22	-12.82	8.55	8.97	0.00	644	1,802
CII	BR Enh Cap & Incm Fd	BlackRock	0.23	-5.22	7.07	0.00	0.00	786	1,390
KYN	KA Nrg Infra Fd	Kayne Anderson	0.35	-12.10	9.49	70.53	25.13	1,306	4,382
TYG	Tortoise Nrg Infra Corp	Tortoise	0.35	-14.92	9.09	82.56	21.90	438	1,649
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.35	-16.11	7.90	69.11	29.07	495	1,596
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.35	-17.07	7.86	44.47	29.41	404	1,266
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.35	5.78	7.80	70.87	22.12	283	980
FEI	FT MLP & Nrg Incm Fd	First Trust	0.34	-13.03	8.17	58.15	22.09	382	918
NML	NB MLP & Nrg Incm Fd	Neuberger Berman	0.35	-19.00	4.31	100.00	17.86	441	892
KMF	KA NextGen Nrg & Infra	Kayne Anderson	0.35	-17.41	8.65	96.32	26.39	423	848
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.92	-7.50	8.28	0.00	27.20	1,684	3,300
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.91	-4.68	12.18	9.40	29.32	723	2,000
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.90	-8.51	12.40	56.82	24.50	361	1,134
BMEZ	BR Health Sci Tr II	BlackRock	0.68	-15.78	11.40	0.00	0.00	2,031	5,210
THQ	Tekla Health Opp Fd	Tekla	0.68	-10.30	7.28	43.76	20.19	855	1,845
HQH	Tekla Health Invstr	Tekla	0.68	-10.18	9.07	34.59	0.00	910	1,811
BME	BR Health Sci Tr	BlackRock	0.68	-1.76	6.44	0.00	0.00	549	1,312
BCX	BR Res & Com Stgy Tr	BlackRock	0.92	-10.66	6.02	57.90	0.00	887	2,582
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.92	-2.59	10.62	89.72	14.00	536	2,014
BGR	BR Nrg & Res Tr	BlackRock	0.94	-11.92	5.20	53.80	0.00	364	1,283
ECAT	BR ESG Cap Alloc Tr	BlackRock	0.39	-18.60	9.11	69.33	0.00	1,687	3,520
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.39	-0.78	9.65	1.28	33.30	2,031	3,350
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.39	-11.28	9.63	0.00	0.00	649	1,655
ZTR	Virtus Tot Rtn Fd	Virtus	0.39	-8.01	14.93	55.94	29.35	479	1,499
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.40	-12.46	9.36	0.00	0.00	489	1,232
RIV	RiverNorth Opp Fd	RiverNorth	0.40	3.54	15.84	60.24	33.56	224	1,217
GLO	Clough Glbl Opp Fd	Clough	0.40	-7.10	19.65	32.11	46.16	257	1,104
UTG	Reaves Util Incm Fd	W.H. Reaves	0.45	-0.61	8.26	0.00	16.86	1,941	5,697
DNP	DNP Sel Incm Fd	Virtus	0.45	20.86	7.48	26.60	23.91	3,009	4,119
UTF	C&S Infra Fd	Cohen&Steers	0.45	2.12	7.86	0.00	28.10	2,199	3,063
MEGI	MainStay CBRE Glbl Infra MTrnd	New York Life	0.47	-13.97	9.96	0.00	30.00	790	1,923
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.45	-2.31	7.14	23.06	0.00	460	1,014
DPG	D&P Util & Infra Fd	Virtus	0.46	11.34	10.57	88.04	27.84	453	928
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.74	-12.41	14.85	75.24	0.00	78	208
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	0.78	-12.90	9.44	64.52	16.33	272	190
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	0.78	-11.75	7.38	19.38	20.66	191	494
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.80	-18.22	18.42	100.00	0.00	28	118
BTO	JH Fin Opp Fd	John Hancock	0.78	0.53	8.09	40.18	16.11	612	1,116

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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