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

Data as of 08/23/2019 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	1,253.94	-0.85	0.13	-3.00	2.14	3.08	1.93	7.60	5.21	-2.82	-1.58	17.75
NAV	1,198.80	-1.05	-0.55	-3.27	1.05	1.66	1.42	6.47	4.29	-2.81	-2.47	11.16
Difference		-0.20	-0.68	-0.27	-1.09	-1.42	-0.51	-1.12	-0.91	0.01	-0.90	-6.58
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2019 - Monthly Performance (%) Show Previous Years
	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	-	-	-	-	-	-	-	-	20.56
NAV	7.27	2.04	1.33	10.91	1.97	-3.42	4.31	2.73	13.64	0.35	-	-	-	-	-	-	-	-	13.97
Difference	-4.64	-0.42	0.20	-5.04	-0.50	0.66	-0.86	-0.65	-5.69	-0.93	-	-	-	-	-	-	-	-	-6.59
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 -3.91%	1Yr Disc -5.41%	3Yr Disc -4.98%	5Yr Disc -6.13%	Rel Disc Range (3yr) 63.14%
Mkt Yield 8.53%	Lev Adj NAV Yield 6.96%	After Tax Yield* 7.13%	Est Tax Friction* 1.40%	3Yr NAV Volatiliy 10.37
1 Yr RoC 21.62%	3 Yr Dest RoC 11.08%	Leverage 20.99%	Non Lev Exp Ratio 1.50%	Beta (2yr) 0.60
Equity Exposure 54.90%	Bond Exposure 43.38%	# Holdings 158	Cash Weighted Duration 1.55
Comp NAV TR 0.14%	Comp Discount 1.18%	Net Assets (M) 865	Liquidity - 90d (K) 2,384
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

158 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PCI	PIMCO Dyn Cr & Mortg Incm	PIMCO	0.76	6.11	8.65	0.00	44.71	3,134	13,040
PHK	PIMCO Hi Incm Fd	PIMCO	0.74	26.41	9.38	20.43	27.68	814	3,213
DSL	DbLin Incm Solutions Fd	Doubleline	0.74	2.74	9.07	2.34	30.34	1,959	8,043
PDI	PIMCO Dyn Incm Fd	PIMCO	0.75	17.68	8.26	0.00	41.51	1,544	6,357
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.73	14.67	10.83	30.55	0.00	662	2,954
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.78	-8.93	5.93	0.00	30.75	1,547	3,542
RA	Brkf Real Ast Incm Fd	Brookfield	0.77	-4.97	10.77	40.19	23.54	851	2,806
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.74	-10.46	6.70	10.95	41.62	1,130	1,851
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.73	-6.67	8.20	11.11	37.13	687	1,949
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.73	7.18	9.32	0.00	25.84	613	2,083
BHK	BR Core Bnd Tr	BlackRock	0.77	-7.38	4.95	5.33	24.43	847	1,808
ARCC	Ares Capital Corp	Ares	0.29	7.53	8.62	0.00	43.51	7,369	31,402
PSEC	Prospect Capital Corp	Prospect Capital	0.29	-27.31	10.91	0.00	40.71	3,332	9,836
FSK	FS KKR Capital Corp	FS/KKR	0.27	-27.54	13.31	0.00	44.56	4,086	10,163
MAIN	Main Street Cap Corp	Main Street Capital	0.30	79.27	5.68	0.00	39.58	1,526	10,207
HTGC	Hercules Capital	Hercules	0.29	21.91	9.91	0.00	50.66	1,107	7,367
CGBD	TCG BDC	Carlyle	0.27	-17.12	10.47	0.00	50.42	1,019	5,351
AINV	Apollo Inv Corp	Apollo	0.29	-14.79	11.12	0.00	50.34	1,288	5,452
TSLX	TPG Specialty Lending	TSL Advisers	0.30	24.52	7.51	0.00	44.50	1,105	4,255
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	0.30	10.11	8.09	57.46	1,174	6,671
GBDC	Golub Capital BDC	Golub Capital	0.29	16.24	6.90	0.00	51.46	968	3,031
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.28	-8.09	9.03	0.00	58.12	1,021	2,816
TCPC	BR TCP Capital Corp	Tennenbaum Capital	0.26	-1.17	10.68	0.00	52.43	802	3,733
GSBD	Goldman Sachs BDC	Goldman Sachs	0.29	14.76	9.11	0.00	53.76	694	2,526
NEWT	Newtek Biz Serv Corp	Newtek	0.27	46.44	10.33	0.00	52.72	294	2,419
PFLT	PennantPark Flt Rt Cap	PennantPark	0.28	-12.32	9.95	0.00	49.79	507	1,790
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.32	15.57	8.78	0.00	30.27	353	3,750
OCSL	Oaktree Splty Lending	Oaktree Capital	0.27	-21.52	7.34	11.87	36.18	930	1,840
BBDC	Barings BDC	Barings	0.28	-14.84	5.67	4.37	51.54	583	1,226
BKCC	BR Cap Inv Corp	BlackRock	0.25	-24.19	10.83	5.18	33.39	469	1,805
PNNT	PennantPark Inv Corp	PennantPark	0.29	-27.69	11.39	0.00	53.30	586	2,053
SLRC	Solar Capital	Solar Capital	0.28	-7.32	8.05	0.00	32.39	929	1,714
GAIN	Gladstone Inv Corp	Gladstone	0.29	-6.75	7.12	0.00	32.33	403	1,434
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.42	-11.00	16.69	45.17	37.52	1,134	5,107
VVR	Invsc Sr Incm Tr	Invesco	0.42	-11.86	6.63	0.00	31.00	850	1,950
VTA	Invsc Dyn Cr Opp Fd	Invesco	0.43	-12.60	7.16	8.94	33.00	923	2,169
BGB	B/GSO Stgc Cr Fd	GSO / Blackstone	0.43	-6.96	9.56	0.00	37.17	687	2,057
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.43	-13.41	6.66	0.00	28.70	526	1,540
HFRO	Highland Incm Fd	Highland Capital	0.41	-7.77	7.08	29.80	31.12	1,018	1,494
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.43	-12.89	6.96	0.00	34.10	600	1,143
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.43	-12.21	7.72	0.00	37.66	620	1,398
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.43	-12.58	7.09	0.00	34.50	542	1,566
PPR	Voya Prime Rt Tr	Voya	0.43	-13.86	7.08	0.00	26.91	800	1,487
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.43	-12.30	7.91	0.00	37.20	438	1,119
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.44	-10.78	8.57	0.00	30.46	387	1,173
BSL	B/GSO Sr Flt Rt Trm Fd	GSO / Blackstone	0.43	0.12	8.03	0.00	33.08	253	788
BGX	B/GSO Lng-Srt Cr Incm Fd	GSO / Blackstone	0.45	2.53	9.04	0.00	38.98	201	1,022
HYT	BR Corp Hi Yld Fd	BlackRock	0.35	-10.74	8.25	0.00	26.44	1,430	3,679
DSU	BR Dbt Stgs Fd	BlackRock	0.36	-11.93	7.68	0.80	29.28	604	1,302
EAD	WF Incm Opp Fd	Wells Fargo	0.36	-8.73	8.69	8.83	28.66	563	1,509
KIO	KKR Incm Opp Fd	KKR Credit	0.35	-4.39	9.84	0.00	29.85	324	1,566
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.35	-13.08	8.52	2.27	29.45	663	1,460
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.35	-13.49	8.39	0.00	24.53	550	1,520
HIX	WA Hi Incm Fd II	Legg Mason	0.35	-8.26	8.47	4.41	28.90	618	1,560
HIO	WA Hi Incm Opp Fd	Legg Mason	0.36	-7.51	7.13	0.00	0.00	699	1,278
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.36	-2.59	10.07	0.00	29.05	364	1,149
ACP	Abd Incm Cr Stgs Fd	Aberdeen	0.36	-2.00	11.76	0.00	31.21	163	1,002
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.36	-12.62	8.95	23.01	22.78	580	1,169
HYI	WA Hi Yld Dfin Opp Fd	Legg Mason	0.37	-5.27	7.11	0.00	0.00	367	1,041
PHT	Pioneer Hi Incm Tr	Pioneer	0.37	-7.40	8.86	0.00	30.40	289	1,018
IVH	Ivy Hi Incm Opp Fd	Ivy Investment	0.36	-10.74	8.92	0.00	30.61	250	957
JHB	Nuv Hi Incm Nov 2021 Tgt Trm Fd	Nuveen	0.36	0.10	5.00	0.00	27.04	556	956
JHD	Nuv Hi Incm Dec 2019 Tgt Trm Fd	Nuveen	0.36	-0.90	3.95	0.00	0.00	270	783
EHI	WA Glbl Hi Incm Fd	Legg Mason	0.36	-8.30	7.75	5.15	28.99	473	813
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.65	-0.82	6.95	0.00	35.71	1,987	4,654
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.66	-1.77	7.35	1.93	30.71	1,440	3,464
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.65	1.15	6.62	0.00	33.60	890	2,689
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.63	-2.30	7.48	0.00	36.02	1,034	2,283
HPI	JH Pref Incm Fd	John Hancock	0.66	13.23	6.99	16.21	34.39	553	1,534
DFP	F&C Dyn Pref and Incm Fd	Flaherty & Crumrine	0.64	-1.71	6.80	0.00	33.90	492	1,368
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen & Steers	0.64	-1.61	7.48	12.24	30.20	734	1,537
JPI	Nuv Pref & Incm Trm Fd	Nuveen	0.66	-1.06	6.72	0.00	32.48	557	1,211
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.04	-0.09	9.19	27.10	33.14	813	1,848
CHI	Calamos Convt Opp & Incm	Calamos	1.02	-1.51	9.21	27.25	32.93	750	1,848
NCV	AG Convt & Incm Fd	Allianz	1.02	1.08	11.27	32.84	41.09	497	1,539
NCZ	AG Convt & Incm Fd II	Allianz	1.02	0.60	10.82	40.56	41.55	376	1,044
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.04	2.58	9.88	47.49	33.01	483	1,490
BBN	BR Taxable Muni BndTr	BlackRock	2.17	-0.90	5.31	4.32	36.53	1,456	3,948
NBB	Nuv Taxable Muni Incm Fd	Nuveen	2.17	-1.88	5.50	0.00	36.55	626	1,745
ADX	Adams Divr Eq Fd	Adams Express	0.96	-12.72	6.16	0.00	0.00	1,828	2,250
AEF	Abd Emrg Mkt Eq Incm Fd	Aberdeen	2.06	-12.22	2.40	5.25	9.20	386	753
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.22	-10.91	8.63	17.24	5.59	947	2,050
ASG	Liberty All-Star Gwth Fd	ALPS	0.98	-1.20	8.32	0.00	0.00	217	1,026
BGY	BR Enh Intl DivTr	BlackRock	1.23	-10.23	7.46	44.40	0.00	650	1,192
BIF	Boulder Gwth & Incm Fd	Boulder	1.34	-16.82	3.86	30.75	0.00	1,318	1,349
CAF	MS China A Shr Fd	Morgan Stanley	0.94	-11.30	8.31	0.00	0.00	513	1,703
CET	Cntrl Sec Corp	Central Securities	0.96	-17.87	4.69	0.00	0.00	925	665
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.40	9.12	21.67	88.66	0.00	771	4,787
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.40	9.30	21.56	85.67	0.00	396	3,123
EOD	WF Glbl Div Opp Fd	Wells Fargo	1.27	-5.12	10.86	17.33	15.23	251	659
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	1.79	-4.42	7.89	20.87	24.30	1,244	2,669
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	1.03	12.90	8.57	25.05	24.90	336	1,137
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.80	1.75	7.48	0.00	20.50	1,667	2,800
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	2.17	-6.88	10.95	1.26	26.63	245	800
GAB	Gabelli Eq Tr	Gabelli	0.95	10.15	8.21	48.30	21.00	1,373	3,404
GAM	General American Invstr	General American Inv	0.96	-14.51	0.85	0.00	15.24	1,016	1,351
GDV	Gabelli Div & Incm Tr	Gabelli	1.75	-5.48	6.43	23.24	22.00	1,790	2,782
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.18	-21.89	12.29	28.05	38.94	309	874
HIE	Miller/Howard Hi Incm Eq Fd	Miller/Howard	1.21	5.41	13.23	69.40	31.79	167	762
IDE	Voya Infra Ind & Matrls Fd	Voya	1.15	-9.93	10.49	19.23	0.00	237	766
IFN	India Fund	Aberdeen	0.92	-9.65	11.88	0.00	0.00	591	1,627
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.26	-4.22	11.51	55.34	0.00	645	2,321
IIF	MS India Inv Fd	Morgan Stanley	0.84	-13.63	0.00	0.00	0.00	282	1,003
INF	Brkf Glbl Lstd Infra Incm Fd	Brookfield	1.31	-10.76	7.48	59.53	26.29	198	647
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.98	-3.16	7.25	42.37	0.00	228	774
RMT	Royce Micro-Cap Tr	Legg Mason	0.92	-11.16	7.25	9.54	4.30	352	1,024
RVT	Royce Val Tr	Legg Mason	1.33	-11.40	8.52	0.00	3.12	1,409	3,220
TDF	Tmp Dragon Fd	Templeton	0.95	-12.11	10.34	0.00	0.00	712	815
TY	Tri-Cont Corp	Columbia Mngmt	1.36	-10.18	4.07	0.00	2.60	1,560	1,190
USA	Liberty All-Star Eq Fd	ALPS	1.33	-2.73	11.22	8.53	0.00	1,251	4,391
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.19	-2.54	9.17	89.29	0.00	2,505	5,402
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.19	1.39	8.68	72.77	0.00	1,721	3,358
BDJ	BR Enh Eq Div Tr	BlackRock	0.19	-5.22	6.88	0.00	0.00	1,725	3,579
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.19	7.48	9.07	72.00	0.00	1,061	3,203
BST	BR Sci & Tech Tr	BlackRock	0.20	2.37	5.48	0.00	0.00	720	3,026
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.19	-3.99	9.30	64.36	0.00	1,050	2,441
NFJ	AG NFJ Div Int & Prm Stgy	Allianz	0.19	-10.95	7.53	30.51	0.00	1,272	2,205
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.19	-1.00	7.16	52.97	0.00	865	2,293
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.19	-1.23	7.24	62.95	0.00	1,348	2,020
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.19	2.21	9.86	75.28	0.00	576	1,807
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.19	0.93	7.30	20.38	0.00	769	1,940
BOE	BR Enh Glbl DivTr	BlackRock	0.19	-11.12	7.45	32.52	0.00	766	1,836
CII	BR Enh Cap & Incm Fd	BlackRock	0.19	-5.76	6.53	39.23	0.00	712	1,743
KYN	KA MLP/Midstream Inv Co	Kayne Anderson	0.19	-7.70	10.35	15.38	34.84	1,904	6,066
TYG	Tortoise Nrg Infra Corp	Tortoise	0.19	3.00	12.93	69.09	34.00	1,055	3,184
CEN	Center Coast Brkf MLP & Nrg Infr	Brookfield	0.19	4.20	17.99	91.24	30.12	225	2,910
NTG	Tortoise Midstream Nrg Fd	Tortoise	0.19	-1.25	14.26	88.17	36.90	759	2,892
CEM	CB MLP & Midstream Fd	Legg Mason	0.19	-9.95	11.05	91.13	32.68	835	2,305
KMF	KA Midstream/Nrg Fd	Kayne Anderson	0.19	-12.83	8.83	93.59	30.96	552	1,793
EMO	CB Nrg Midstream Opp Fd	Legg Mason	0.19	-11.69	11.27	73.04	33.00	663	1,489
FEI	FT MLP & Nrg Incm Fd	First Trust	0.21	-4.61	10.55	78.03	24.59	560	1,383
JMF	Nuv Nrg MLP Total Rtn Fd	Nuveen	0.19	-4.42	12.48	88.19	27.96	342	1,594
GER	GS MLP & Nrg Renaissance Fd	Goldman Sachs	0.19	-0.85	13.68	83.04	33.92	375	1,256
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.20	1.69	11.03	56.46	26.74	414	1,221
NML	NB MLP Incm Fd	Neuberger Berman	0.19	-11.07	9.78	70.02	24.90	430	1,239
RQI	C&S Qlty Incm Rty Fd	Cohen & Steers	0.69	0.14	6.50	0.00	23.10	1,609	4,968
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Clarion	0.65	-13.10	7.94	70.39	14.05	1,014	2,146
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	0.61	-11.78	8.01	58.11	8.38	580	2,692
RFI	C&S Tot Rtn Ry Fd	Cohen & Steers	0.65	1.63	6.69	6.21	0.00	369	1,049
GLQ	Clough Glbl Eq Fd	Clough	0.26	-12.17	11.97	0.00	36.16	145	642
HQH	Tekla Health Invstr	Tekla	0.80	-10.45	9.46	46.74	0.00	900	2,498
THQ	Tekla Health Opp Fd	Tekla	0.81	-8.74	7.93	66.67	21.71	774	2,284
THW	Tekla Wld Health Fd	Tekla	0.88	-2.89	10.69	73.01	22.17	408	1,802
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.83	2.34	13.73	89.77	13.00	582	4,686
BCX	BR Res & Com Stgy Tr	BlackRock	0.76	-11.57	8.44	64.59	0.00	769	1,854
BGR	BR Nrg & Res Tr	BlackRock	0.73	-9.35	9.06	65.91	0.00	338	1,177
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.42	0.57	7.96	37.42	31.27	1,911	3,429
NIE	AG Eq & Convt Incm Fd	Allianz	0.42	-6.59	7.10	0.00	0.00	635	1,551
GLO	Clough Glbl Opp Fd	Clough	0.42	-11.26	11.75	56.14	36.21	335	1,117
ZTR	Virtus Glbl Div & Inc Fd	Virtus	0.40	5.43	12.70	63.20	27.96	250	895
FOF	C&S CE Opp Fd	Cohen & Steers	0.42	-4.13	8.34	41.39	0.00	355	880
SCD	LMP Cap & Incm Fd	Legg Mason	0.43	-8.66	9.25	62.35	23.50	264	790
UTF	C&S Infra Fd	Cohen & Steers	0.64	-1.40	7.14	0.22	27.30	2,253	5,251
UTG	Reaves Util Incm Fd	W.H. Reaves	0.65	4.10	5.96	0.00	20.94	1,696	5,029
DNP	DNP Sel Incm Fd	Duff & Phelps	0.68	20.91	6.24	17.80	25.10	3,069	4,193
DPG	D&P Glbl Util Incm Fd	Duff & Phelps	0.63	-7.06	9.17	8.43	28.79	623	1,985
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.13	-11.20	10.24	72.35	0.00	107	292
BTO	JH Fin Opp Fd	John Hancock	1.19	-1.18	7.30	0.00	16.37	569	1,887

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, 2017. 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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