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 1,021.18 4.11 11.85 -13.27 -25.39 -20.03 -18.12 -1.96 0.58 5.51 5.51 -23.43
NAV 1,035.34 1.99 6.15 -10.02 -20.68 -15.26 -14.43 -0.58 0.80 3.22 3.22 -19.60
Difference -2.11 -5.70 3.25 4.71 4.77 3.69 1.38 0.22 -2.28 -2.28 3.83
* 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 (%)
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 - - - - - - - - - - - - - - -28.93
NAV -0.28 -5.29 -18.27 -22.82 - - - - - - - - - - - - - - -22.82
Difference -0.64 4.21 3.48 6.12 - - - - - - - - - - - - - - 6.12
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 1.04 1.10 2.96 5.18 6.81 26.14
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 1.14 0.95 2.96 5.13 5.69 19.33
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 0.10 -0.15 -0.00 -0.05 -1.12 -6.81
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
-9.15%
1Yr Disc
-5.15%
3Yr Disc
-4.92%
5Yr Disc
-6.11%
Rel Disc Range (3yr)
59.42%
Mkt Yield
11.86%
Lev Adj NAV Yield
8.91%
After Tax Yield*
10.06%
Est Tax Friction*
1.80%
3Yr NAV Volatiliy
17.93
1 Yr RoC
25.19%
3 Yr Dest RoC
19.86%
Leverage
20.86%
Non Lev Exp Ratio
1.60%
Beta (2yr)
0.89
Equity Exposure
56.18%
Bond Exposure
41.84%
# Holdings
169
Cash Weighted Duration
1.27
Comp NAV TR
1.91%
Comp Discount
1.44%
Net Assets (M)
701
Liquidity - 90d (K)
4,020
* 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


169 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 0.68 14.70 11.01 0.00 43.95 2,347 22,935
DSL DbLin Incm Solutions Fd Doubleline 0.62 11.09 12.66 3.36 28.98 1,300 11,866
PDI PIMCO Dyn Incm Fd PIMCO 0.70 19.55 10.71 0.00 38.06 1,219 12,407
BTZ BR Cr Alloc Incm Tr BlackRock 0.66 -6.28 7.85 13.62 29.42 1,280 7,780
RA Brkf Real Ast Incm Fd Brookfield 0.66 -9.39 14.65 43.79 21.80 808 6,029
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.64 6.63 13.86 55.02 6.25 614 5,653
PHK PIMCO Hi Incm Fd PIMCO 0.67 16.09 13.78 0.68 27.23 606 6,052
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.64 -9.95 7.97 0.00 45.44 944 4,411
BIT BR Mlt-Sctr Incm Tr BlackRock 0.68 -7.22 10.80 12.76 37.40 556 4,057
PFN PIMCO Incm Stgy Fd II PIMCO 0.65 9.09 11.43 0.00 21.72 538 4,295
BHK BR Core Bnd Tr BlackRock 0.65 -8.12 5.83 17.23 24.01 817 3,381
PKO PIMCO Incm Opp Fd PIMCO 0.67 13.32 10.35 0.00 31.97 360 3,208
ARCC Ares Capital Corp Ares 0.28 -24.36 12.21 0.00 46.77 7,466 61,653
MAIN Main Street Cap Corp Main Street Capital 0.29 9.45 9.40 0.00 41.08 1,540 21,936
PSEC Prospect Capital Corp Prospect Capital 0.25 -47.46 15.82 0.00 39.41 3,184 17,170
FSK FS KKR Capital Corp FS/KKR 0.31 -52.75 21.05 0.00 51.06 3,846 15,502
GBDC Golub Capital BDC Golub Capital 0.22 -25.63 10.65 0.00 50.69 2,229 13,164
ORCC Owl Rock Capital Corp Owl Rock 0.28 -11.48 9.19 0.00 33.01 6,019 14,684
HTGC Hercules Capital Hercules 0.29 -13.84 14.08 0.00 52.28 1,166 11,993
NMFC New Mountain Fin Corp New Mountain Capital 0.25 -44.80 18.58 0.00 60.01 1,284 9,429
TSLX TPG Specialty Lending TSL Advisers 0.27 -5.88 10.35 0.00 47.98 1,123 9,480
AINV Apollo Inv Corp Apollo 0.31 -47.56 18.79 0.00 58.52 1,216 9,336
NEWT Newtek Biz Serv Corp Newtek 0.27 -0.38 11.25 0.00 54.17 327 5,717
OCSL Oaktree Splty Lending Oaktree Capital 0.28 -42.51 10.00 0.00 35.37 932 4,743
GSBD Goldman Sachs BDC Goldman Sachs 0.29 -21.07 13.62 0.00 52.18 677 4,251
TCPC BR TCP Capital Corp BlackRock 0.28 -45.72 20.08 0.00 53.16 776 4,193
SLRC Solar Capital Solar Capital 0.31 -35.07 11.78 0.00 30.11 906 4,316
BCSF Bain Cap Splty Fin BCSF Advisors 0.25 -47.46 15.83 0.00 59.52 1,019 3,813
CGBD TCG BDC Carlyle 0.28 -62.74 23.99 0.00 53.84 947 3,449
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.32 -45.58 19.83 0.00 49.08 409 3,509
CSWC Cap Southwest Corp Capital Southwest 0.26 -27.78 16.87 0.00 45.56 312 2,623
HRZN Horizon Tech Fin Corp Horizon Tech Fin 0.27 -25.53 13.62 0.00 44.88 198 2,539
GAIN Gladstone Inv Corp Gladstone 0.30 -24.30 8.87 0.00 23.73 413 2,811
SAR Saratoga Inv Corp Saratoga 0.30 -45.02 16.10 0.00 48.26 283 2,081
JQC Nuv Cr Stgs Incm Fd Nuveen 0.41 -9.18 17.03 54.98 38.52 930 8,713
VVR Invsc Sr Incm Tr Invesco 0.40 -11.34 8.18 6.78 34.00 608 5,686
JFR Nuv Flt Rt Incm Fd Nuveen 0.39 -10.51 8.55 0.00 38.70 509 4,086
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.39 -10.03 8.42 0.00 38.06 360 4,382
VTA Invsc Dyn Cr Opp Fd Invesco 0.40 -10.93 10.32 16.06 35.00 617 4,115
NSL Nuv Sr Incm Fd Nuveen 0.39 -13.04 9.13 0.00 39.24 204 3,020
BGB B/GSO Stgc Cr Fd GSO / Blackstone 0.39 -7.28 11.05 0.00 37.08 534 3,619
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.41 -9.92 8.40 1.42 30.17 449 3,477
EFR EV Sr Flt-Rt Tr Eaton Vance 0.40 -10.19 7.48 0.00 35.60 441 3,299
HFRO Highland Incm Fd Highland Capital 0.41 -23.58 9.70 40.23 29.03 897 3,466
EFT EV Flt-Rt Incm Tr Eaton Vance 0.40 -10.74 7.38 0.00 35.10 486 3,009
PPR Voya Prime Rt Tr Voya 0.40 -7.45 5.85 0.00 28.75 655 3,144
ARDC Ares Dyn Cr Alloc Fd Ares 0.37 -6.68 10.74 0.00 32.00 267 1,942
BSL B/GSO Sr Flt Rt Trm Fd GSO / Blackstone 0.38 -4.88 9.43 0.00 33.00 200 1,526
BGT BR Flt Rt Incm Fd BlackRock 0.41 -10.90 8.50 0.00 29.64 278 1,487
HYT BR Corp Hi Yld Fd BlackRock 0.37 -3.56 9.59 8.71 31.34 1,232 10,567
HIO WA Hi Incm Opp Fd Legg Mason 0.36 -10.20 8.86 5.36 0.00 627 3,922
HIX WA Hi Incm Fd II Legg Mason 0.38 -10.41 10.67 8.58 29.07 524 3,802
GHY PGIM Glbl Hi Yld Fd Prudential 0.36 -10.06 10.68 0.00 26.89 537 3,318
ISD PGIM Hi Yld Bnd Fd Prudential 0.37 -9.70 10.10 0.00 29.17 460 3,334
EAD WF Incm Opp Fd Wells Fargo 0.36 -9.64 10.61 1.10 29.18 461 3,049
DHY CS Hi Yld Bnd Fd Credit Suisse 0.35 -5.85 10.26 13.95 27.87 212 2,937
DSU BR Dbt Stgs Fd BlackRock 0.39 -8.02 8.96 9.80 31.11 511 2,882
FSD FT Hi Incm Lng/Srt Fd First Trust 0.36 -10.71 10.28 28.74 27.34 494 2,292
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 0.37 -8.21 10.49 0.00 31.36 195 2,434
KIO KKR Incm Opp Fd KKR Credit 0.35 -5.39 13.57 0.00 23.96 238 2,066
HYI WA Hi Yld Dfin Opp Fd Legg Mason 0.36 -4.56 8.47 0.00 0.00 319 1,833
EHI WA Glbl Hi Incm Fd Legg Mason 0.39 -7.46 9.54 2.79 29.70 402 1,796
ACP Abd Incm Cr Stgs Fd Aberdeen 0.36 -7.04 18.49 10.44 30.97 146 1,594
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.36 -5.32 10.79 0.00 30.76 249 1,523
IVH Ivy Hi Incm Opp Fd Ivy Investment 0.36 -8.39 10.88 0.00 31.73 200 1,229
JPS Nuv Pref & Incm Sec Fd Nuveen 0.63 -2.20 7.58 0.17 37.64 1,667 10,992
FPF FT Imd Dur Pref & Incm Fd First Trust 0.63 -0.76 8.08 3.04 27.48 1,205 6,238
JPC Nuv Pref & Incm Opp Fd Nuveen 0.62 -0.12 7.95 0.30 38.08 828 5,256
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.63 6.75 7.21 0.00 39.60 776 5,097
LDP C&S Ltd Dur Pref & Incm Fd Cohen & Steers 0.62 0.69 8.55 8.71 29.20 627 3,066
PDT JH Prm Div Fd John Hancock 0.61 5.36 9.02 1.51 35.40 598 2,796
DFP F&C Dyn Pref and Incm Fd Flaherty & Crumrine 0.63 1.97 7.55 0.00 40.10 427 2,494
JPI Nuv Pref & Incm Trm Fd Nuveen 0.62 -1.39 7.87 0.09 33.63 460 2,398
CHY Calamos Convt & Hi Incm Fd Calamos 0.99 1.23 10.32 13.32 33.83 715 3,751
CHI Calamos Convt Opp & Incm Calamos 0.97 -4.42 10.84 13.88 34.00 657 3,581
NCV AG Convt & Incm Fd Allianz 0.96 -8.11 13.25 38.99 42.24 379 2,669
AVK Advent Convt & Incm Fd Guggenheim Funds 1.02 -11.09 12.18 63.34 46.28 448 2,541
CCD Calamos Dyn Convt & Incm Fd Calamos 0.95 -1.25 11.54 26.92 33.65 431 2,163
BBN BR Taxable Muni BndTr BlackRock 1.97 0.79 5.83 0.96 35.77 1,305 8,607
NBB Nuv Taxable Muni Incm Fd Nuveen 1.95 0.71 5.62 0.00 35.11 537 2,963
ADX Adams Divr Eq Fd Adams Funds 0.74 -14.06 6.63 0.00 0.00 1,719 6,508
AGD Abd Glbl Dyn Div Fd Aberdeen 0.75 -12.54 9.64 3.67 0.00 116 697
AOD Abd Tot Dyn Div Fd Aberdeen 1.05 -12.10 9.69 9.21 0.00 854 3,995
ASG Liberty All-Star Gwth Fd ALPS 0.74 -5.59 10.26 0.00 0.00 245 1,606
BGY BR Enh Intl DivTr BlackRock 1.06 -11.36 8.38 66.70 0.00 577 2,006
BIF Boulder Gwth & Incm Fd Boulder 1.13 -16.43 4.15 21.03 0.00 1,206 2,885
BSTZ BR Sci & Tech Tr II BlackRock 1.06 -2.51 6.57 99.80 0.00 1,463 5,160
CAF MS China A Shr Fd Morgan Stanley 0.71 -15.76 4.52 0.00 0.00 487 2,562
CET Cntrl Sec Corp Central Securities 0.74 -7.62 4.76 0.00 0.00 795 1,297
CHN China Fund Allianz 0.71 -14.99 7.33 0.00 0.00 233 609
CLM Cornerstone Stgc Val Fd Cornerstone 1.18 2.99 23.88 76.19 0.00 681 10,211
CRF Cornerstone Tot Rtn Fd Cornerstone 1.15 3.35 24.11 79.48 0.00 345 6,053
DNI Div & Incm Fd Bexil 0.71 -18.31 10.78 52.71 1.49 141 749
EMF Tmp Emrg Mkt Fd Templeton 0.73 -12.60 9.89 0.00 3.57 226 897
EOD WF Glbl Div Opp Fd Wells Fargo 1.11 -8.16 14.53 0.00 15.37 194 1,022
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.60 -5.56 9.28 9.28 23.00 1,070 4,544
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.76 3.03 10.95 6.71 23.20 289 2,071
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.57 -4.74 9.42 5.57 19.20 1,421 5,771
FDEU FT Dyn Euro Eq Incm Fd First Trust 1.75 -8.65 14.48 33.84 20.59 189 1,031
GAB Gabelli Eq Tr Gabelli 0.71 8.43 12.96 69.83 31.00 1,098 5,129
GAM General American Invstr General American Inv 0.73 -16.20 8.34 0.00 14.68 868 1,888
GDV Gabelli Div & Incm Tr Gabelli 1.55 -14.31 8.29 28.56 24.00 1,686 8,076
GGT Gabelli Multimedia Tr Gabelli 0.75 15.31 14.43 72.95 45.00 132 754
GLQ Clough Glbl Eq Fd Clough 0.72 -9.67 14.05 0.00 43.87 138 811
HGLB Highland Glbl Alloc Fd Highland Capital 0.76 -44.23 20.45 21.52 39.16 200 688
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 0.96 -14.24 8.66 70.37 34.00 116 912
IDE Voya Infra Ind & Matrls Fd Voya 1.02 -13.92 10.58 58.14 0.00 194 961
IFN India Fund Aberdeen 0.71 -12.60 15.96 0.49 0.00 440 2,609
IGD Voya Glbl Eq Div & Prm Opp Voya 1.04 -10.91 9.64 62.77 0.00 543 3,587
IHD Voya Emrg Mkt Hi Div Eq Fd Voya 1.61 -11.98 12.57 58.19 0.00 124 604
IIF MS India Inv Fd Morgan Stanley 0.71 -16.98 0.21 0.00 0.00 213 811
JCE Nuv Core Eq Alpha Fd Nuveen 0.77 -4.63 8.51 77.99 0.00 197 763
JTD Nuv Tx-Adv Div Gwth Fd Nuveen 0.78 -5.10 9.95 0.00 32.39 190 743
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 1.07 -12.61 9.75 35.51 28.30 195 953
MXF Mexico Fund Impulsora del 0.73 -8.32 8.28 53.80 0.00 142 599
RMT Royce Micro-Cap Tr Legg Mason 0.73 -14.67 10.91 18.94 5.15 298 1,480
RVT Royce Val Tr Legg Mason 1.15 -14.10 10.69 0.83 4.12 1,159 4,764
SOR Source Capital First Pacific 0.71 -14.41 3.16 0.00 0.00 314 816
TDF Tmp Dragon Fd Templeton 0.71 -13.98 5.58 0.00 0.00 692 1,759
TY Tri-Cont Corp Columbia Mngmt 1.16 -13.29 4.72 0.00 2.20 1,388 2,602
USA Liberty All-Star Eq Fd ALPS 1.18 -4.29 12.71 0.00 0.00 1,167 8,110
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.19 -5.51 10.78 90.65 0.00 2,199 9,924
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.19 2.66 10.45 94.28 0.00 1,073 7,893
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.20 -4.08 10.02 49.40 0.00 1,581 6,706
BDJ BR Enh Eq Div Tr BlackRock 0.20 -9.45 8.46 0.00 0.00 1,468 6,433
BST BR Sci & Tech Tr BlackRock 0.19 0.64 6.62 6.95 0.00 698 4,941
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.20 -6.12 8.54 84.18 0.00 1,207 4,857
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.19 -6.84 10.86 56.33 0.00 926 4,724
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.20 -2.20 7.64 95.78 0.00 824 4,524
NFJ AG NFJ Div Int & Prm Stgy Allianz 0.20 -12.12 8.62 54.25 0.00 1,126 3,749
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 0.19 -1.98 10.21 85.05 0.00 581 3,791
EOS EV Enh Eq Incm Fd II Eaton Vance 0.19 -1.71 7.93 25.25 0.00 746 3,623
CII BR Enh Cap & Incm Fd BlackRock 0.19 -7.23 7.58 38.99 0.00 659 3,021
BOE BR Enh Glbl DivTr BlackRock 0.19 -10.34 8.31 65.33 0.00 666 2,768
KYN KA MLP/Midstream Inv Co Kayne Anderson 0.23 -11.71 32.36 72.73 60.98 637 8,042
TYG Tortoise Nrg Infra Corp Tortoise 0.24 -15.09 50.16 100.00 65.00 199 2,833
KMF KA Midstream/Nrg Fd Kayne Anderson 0.22 -15.71 23.62 92.61 55.56 213 2,060
FEI FT MLP & Nrg Incm Fd First Trust 0.21 -16.92 24.19 47.93 18.02 281 2,064
CEM CB MLP & Midstream Fd Legg Mason 0.27 -16.33 47.01 96.00 37.04 211 2,077
FEN FT Nrg Incm & Gwth Fd First Trust 0.23 -9.86 21.89 100.00 17.97 235 1,664
NML NB MLP Incm Fd Neuberger Berman 0.22 -25.09 6.53 100.00 24.90 163 1,190
CEN Center Coast Brkf MLP & Nrg Infr Brookfield 0.22 -6.14 33.64 91.67 32.43 49 1,096
EMO CB Nrg Midstream Opp Fd Legg Mason 0.25 -16.35 52.87 78.75 38.46 149 1,364
NTG Tortoise Midstream Nrg Fd Tortoise 0.28 -2.17 69.63 100.00 73.20 87 1,592
FPL FT New Opp MLP & Nrg Fd First Trust 0.21 -10.29 22.44 21.89 18.36 115 999
JMF Nuv Nrg MLP Total Rtn Fd Nuveen 0.20 6.12 14.87 100.00 33.93 60 786
RQI C&S Qlty Incm Rty Fd Cohen & Steers 0.84 -12.59 9.22 0.00 22.10 1,597 11,757
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Clarion 0.83 -15.97 10.27 69.33 10.37 810 3,366
AWP Abd Glbl Prmr Prop Fd Aberdeen 0.84 -13.86 10.30 34.80 5.65 462 2,972
HQH Tekla Health Invstr Tekla 0.82 -13.02 9.98 0.00 0.00 928 4,673
THQ Tekla Health Opp Fd Tekla 0.86 -10.71 7.97 25.00 20.62 786 3,779
THW Tekla Wld Health Fd Tekla 0.84 -6.68 11.14 90.10 21.11 406 2,740
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.90 -4.57 17.96 93.17 14.00 546 5,908
BCX BR Res & Com Stgy Tr BlackRock 0.86 -15.01 11.16 71.60 0.00 593 3,350
BGR BR Nrg & Res Tr BlackRock 0.90 -1.59 10.95 55.74 0.00 226 2,328
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.43 -2.08 10.23 0.00 32.85 1,716 6,603
NIE AG Eq & Convt Incm Fd Allianz 0.42 -10.07 7.74 0.00 0.00 605 2,456
ZTR Virtus Glbl Div & Inc Fd Virtus 0.43 -2.19 16.84 79.03 26.09 390 2,155
GLO Clough Glbl Opp Fd Clough 0.40 -13.39 14.47 38.81 44.61 277 1,457
FOF C&S CE Opp Fd Cohen & Steers 0.43 -0.76 9.95 55.16 0.00 288 1,491
RIV RiverNorth Opp Fd RiverNorth 0.41 -4.88 16.29 66.37 6.64 130 1,309
UTF C&S Infra Fd Cohen & Steers 0.48 -9.13 9.16 0.00 24.70 2,089 10,660
UTG Reaves Util Incm Fd W.H. Reaves 0.47 -4.57 7.45 0.00 19.97 149 8,702
DNP DNP Sel Incm Fd Duff & Phelps 0.50 19.24 7.28 10.90 23.10 2,706 8,484
DPG D&P Util & Infra Fd Duff & Phelps 0.51 -7.20 13.10 38.57 29.02 437 2,082
BUI BR Util Infra & Pwr OppTr BlackRock 0.50 -0.05 7.71 14.74 0.00 334 1,566
IAE Voya AP Hi Div Eq Incm Fd Voya 0.95 -12.58 12.89 66.69 0.00 91 370
CUBA Herzfeld Caribbean Basin Fd Herzfeld Cuba 0.96 0.00 30.94 87.40 0.00 23 128
BTO JH Fin Opp Fd John Hancock 1.00 -1.83 10.50 17.25 16.57 399 2,209

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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Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %