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

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

Data as of 06/18/2021 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(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,677.67	-1.25	-2.82	1.65	7.30	17.39	42.30	11.89	12.46	-0.88	5.42	16.10
NAV	1,552.12	-0.95	-2.07	1.32	4.88	11.27	31.32	10.31	10.62	-0.66	4.21	9.91
Difference		0.30	0.75	-0.33	-2.42	-6.13	-10.98	-1.59	-1.85	0.21	-1.21	-6.19
* 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 (%) Show Previous Years
	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	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	0.90	2.50	1.98	5.47	3.19	1.67	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-0.72	-1.97	-1.77	-4.66	-0.59	-0.81	-	-	-	-	-	-	-	-	-	-	-	-	-
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 -1.92%	1Yr Disc -6.53%	3Yr Disc -5.45%	5Yr Disc -5.26%	Rel Disc Range (3yr) 73.34%
Mkt Yield 7.28%	Lev Adj NAV Yield 6.04%	After Tax Yield* 6.03%	Est Tax Friction* 1.25%	3Yr NAV Volatiliy 20.19
1 Yr RoC 34.99%	3 Yr Dest RoC 14.76%	Leverage 20.41%	Non Lev Exp Ratio 1.59%	Beta (2yr) 0.93
Equity Exposure 56.57%	Bond Exposure 40.09%	# Holdings 169	Cash Weighted Duration 1.42
Comp NAV TR -0.75%	Comp Discount 1.67%	Net Assets (M) 990	Liquidity - 90d (K) 3,133
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

169 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PCI	PIMCO Dyn Cr & Mortg Incm	PIMCO	0.65	8.99	9.36	2.15	45.00	3,091	11,644
PDI	PIMCO Dyn Incm Fd	PIMCO	0.66	14.51	9.21	0.00	45.14	1,748	8,412
DSL	DbLin Incm Solutions Fd	Doubleline	0.64	-1.68	7.29	2.02	28.05	1,879	4,528
RA	Brkf Real Ast Incm Fd	Brookfield	0.67	6.34	11.03	67.25	29.68	897	6,459
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.65	24.08	10.34	57.17	29.57	881	7,921
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.68	4.42	6.69	0.00	46.62	2,209	6,497
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.66	-3.14	6.65	14.84	29.29	1,460	3,018
PHK	PIMCO Hi Incm Fd	PIMCO	0.65	15.84	8.47	0.00	38.61	785	2,973
HFRO	Highland Incm Fd	Highland Capital	0.62	-23.21	8.60	4.34	13.60	999	3,695
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.67	13.98	8.99	4.38	36.14	719	2,840
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.67	-5.68	6.40	0.00	30.16	1,123	1,993
BHK	BR Core Bnd Tr	BlackRock	0.66	0.49	5.51	0.00	34.40	872	2,035
ARCC	Ares Capital Corp	Ares	0.26	8.88	8.42	0.00	49.97	7,632	38,857
PSEC	Prospect Capital Corp	Prospect Capital	0.29	-10.23	8.55	9.08	35.60	3,637	20,598
ORCC	Owl Rock Capital Corp	Owl Rock	0.27	-4.25	8.74	0.00	47.86	5,801	18,643
MAIN	Main Street Cap Corp	Main Street Capital	0.27	80.09	6.03	0.00	44.69	1,545	13,231
FSK	FS KKR Capital Corp	FS/KKR	0.59	-15.87	10.96	0.00	52.17	3,221	13,078
HTGC	Hercules Capital	Hercules	0.28	50.79	7.47	0.00	47.65	1,315	11,416
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.29	31.09	7.60	0.00	44.28	1,196	8,042
GBDC	Golub Capital BDC	Golub Capital	0.27	2.22	7.64	1.39	45.30	2,500	8,443
GSBD	Goldman Sachs BDC	Goldman Sachs	0.27	24.19	9.06	0.00	48.42	1,627	8,718
AINV	Apollo Inv Corp	Apollo	0.26	-14.74	9.16	0.00	57.74	1,036	4,549
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	-0.31	9.37	8.15	56.62	1,244	4,916
NEWT	Newtek Biz Serv Corp	Newtek	0.33	106.33	8.34	0.00	50.70	366	6,280
TCPC	BR TCP Capital Corp	BlackRock	0.26	1.33	8.73	7.39	54.98	783	3,789
OCSL	Oaktree Splty Lending	Oaktree Capital	0.28	-7.05	7.89	0.00	45.61	1,279	6,341
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.28	-7.55	8.81	0.00	53.86	1,078	2,643
CSWC	Cap Southwest Corp	Capital Southwest	0.29	53.72	8.61	0.00	51.84	336	3,651
BBDC	Barings BDC	Barings	0.27	-7.27	7.74	0.00	57.05	728	2,602
PNNT	PennantPark Inv Corp	PennantPark	0.31	-28.03	7.22	0.00	46.32	619	2,516
SLRC	SLR Inv Corp	SLR Capital	0.29	-5.43	8.56	19.74	36.19	856	3,298
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.27	16.08	9.54	0.00	45.18	402	2,387
HRZN	Horizon Tech Fin Corp	Horizon Tech Fin	0.31	53.21	7.08	0.00	52.30	218	3,188
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.42	-7.19	7.19	0.44	36.11	594	3,133
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.43	-5.44	10.04	64.46	36.43	947	4,703
NSL	Nuv Sr Incm Fd	Nuveen	0.42	-6.84	7.13	0.91	36.00	237	2,600
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.42	-7.64	7.23	1.38	36.16	419	1,898
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.42	-6.29	6.11	22.84	29.11	493	1,919
VTA	Invsc Dyn Cr Opp Fd	Invesco	0.42	-5.16	7.77	29.96	28.00	770	2,018
VVR	Invsc Sr Incm Tr	Invesco	0.43	-6.26	5.81	17.67	28.00	709	2,822
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.43	0.63	9.20	38.87	29.33	328	2,064
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.42	-1.73	6.89	0.00	37.00	531	1,657
BRW	Saba Cap Incm & Opp Fd	Saba Capital	0.41	-5.47	1.72	1.38	0.00	600	1,720
BGB	Blackstone Stgc Cr Fd	Blackstone	0.42	-7.39	6.33	0.00	37.20	658	1,694
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.42	-1.91	6.48	0.00	36.70	583	1,632
XFLT	XAI Octgn Flt Rt & Alt Incm Trm	XA Investments	0.42	14.96	9.50	0.00	38.70	160	1,609
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.44	-3.67	7.32	0.00	28.64	380	1,410
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.35	-2.71	7.41	0.00	28.03	267	3,143
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.36	-3.31	8.04	0.00	28.59	241	2,560
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	0.35	0.00	7.74	0.00	25.64	183	3,148
HYT	BR Corp Hi Yld Fd	BlackRock	0.35	0.08	7.67	13.98	30.90	1,484	4,125
DLY	DbLin Yld Opp Fd	Doubleline	0.35	-3.33	7.09	0.95	20.75	979	2,167
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.34	-6.21	7.25	0.00	28.35	774	1,840
DSU	BR Dbt Stgs Fd	BlackRock	0.35	-2.31	6.36	22.97	31.23	545	1,401
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.35	-4.92	6.90	12.43	0.00	522	969
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.36	-6.81	8.08	4.42	27.40	685	1,999
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.35	-5.41	7.75	10.26	24.11	571	1,581
EAD	WF Incm Opp Fd	Wells Fargo	0.35	-5.54	7.96	0.00	26.10	557	1,370
KIO	KKR Incm Opp Fd	KKR Credit	0.35	-3.26	7.73	0.93	36.97	343	1,061
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.33	-6.74	6.99	0.00	12.60	491	1,512
JHB	Nuv Corp Incm Nov 2021 Tgt Trm	Nuveen	0.34	-0.53	1.85	0.00	0.00	528	1,166
HIX	WA Hi Incm Fd II	Franklin Templeton	0.36	-0.55	8.20	7.20	29.49	423	942
ACP	Abd Incm Cr Stgs Fd	Aberdeen	0.33	0.72	10.71	28.84	37.48	194	2,228
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.35	-6.00	8.51	29.51	25.64	552	1,348
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.54	-0.10	6.16	0.00	36.16	2,009	3,288
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.56	0.61	6.42	0.00	36.48	1,018	2,289
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.56	0.52	6.12	5.27	30.88	1,510	2,782
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.51	4.44	6.79	0.00	32.80	969	1,907
PDT	JH Prm Div Fd	John Hancock	0.60	14.85	6.97	4.74	34.09	711	1,942
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen & Steers	0.54	-3.58	6.22	40.22	32.80	1,301	2,397
HPI	JH Pref Incm Fd	John Hancock	0.55	3.05	6.97	3.98	31.65	541	1,157
HPF	JH Pref Incm Fd II	John Hancock	0.55	4.57	6.96	7.63	31.93	435	1,436
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.52	6.60	6.57	0.00	32.80	539	1,334
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.04	2.16	7.46	0.00	32.06	1,153	3,216
CHI	Calamos Convt Opp & Incm	Calamos	1.02	0.74	7.59	0.00	32.00	1,058	3,331
NCZ	Virtus AG Convt & Incm Fd II	Virtus	1.02	-8.10	8.62	35.71	39.12	432	2,151
NCV	Virtus AG Convt & Incm Fd	Virtus	1.02	-6.00	8.57	33.51	38.63	572	2,331
CCD	Calamos Dyn Convt & Incm Fd	Calamos	0.93	2.05	7.59	0.00	30.96	741	2,466
BBN	BR Taxable Muni BndTr	BlackRock	1.98	-0.16	5.52	4.50	31.63	1,489	3,734
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	2.02	6.43	6.12	15.06	30.18	480	1,272
ADX	Adams Divr Eq Fd	Adams Funds	0.73	-13.45	4.68	0.00	0.00	2,468	3,209
AEF	Abd Emrg Mkt Eq Incm Fd	Aberdeen	0.72	-10.56	7.13	5.32	7.36	510	456
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.06	-8.47	6.87	1.89	0.84	1,158	2,960
ASG	Liberty All-Star Gwth Fd	ALPS	0.72	4.18	7.80	0.00	0.00	355	1,460
BGY	BR Enh Intl DivTr	BlackRock	1.06	-5.56	6.29	61.85	0.00	712	1,568
BIF	Boulder Gwth & Incm Fd	Boulder	1.16	-13.68	3.07	2.41	12.88	1,515	1,228
BSTZ	BR Sci & Tech Tr II	BlackRock	1.12	-3.19	5.13	12.42	0.00	3,227	6,861
CAF	MS China A Shr Fd	Morgan Stanley	0.70	-10.01	8.30	0.00	0.00	551	609
CET	Cntrl Sec Corp	Central Securities	0.75	-16.01	4.14	0.00	0.00	1,282	804
CLM	Cornerstone Stgc Val Fd	Cornerstone	0.93	10.80	17.19	40.24	0.00	1,184	16,084
CRF	Cornerstone Tot Rtn Fd	Cornerstone	0.92	12.50	16.94	44.28	0.00	600	8,184
EMF	Tmp Emrg Mkt Fd	Franklin Templeton	0.71	-8.45	3.37	0.00	4.15	344	456
EOD	WF Glbl Div Opp Fd	Wells Fargo	1.10	-2.73	9.28	0.00	16.00	254	1,380
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	1.62	-4.94	5.98	28.55	19.20	1,651	2,640
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.78	-2.25	5.88	5.36	19.00	466	1,521
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.55	-0.33	6.42	2.36	18.50	2,000	3,155
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	1.77	-9.02	5.33	42.94	22.87	256	457
FUND	Sprott Focus Tr	Sprott	0.74	-9.06	6.51	0.00	0.00	276	404
GAB	Gabelli Eq Tr	Gabelli	0.68	2.93	9.00	49.17	20.00	1,696	4,008
GAM	General American Invstr	General American Inv	0.75	-13.65	5.84	0.00	14.35	1,210	869
GDV	Gabelli Div & Incm Tr	Gabelli	1.59	-9.28	5.19	0.56	10.00	2,536	4,522
GGT	Gabelli Multimedia Tr	Gabelli	0.72	10.40	8.92	13.36	29.00	226	495
GLQ	Clough Glbl Eq Fd	Clough	0.92	-12.01	11.62	0.00	32.72	208	1,621
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.18	-23.58	9.46	4.38	27.45	259	1,705
HIE	Miller/Howard Hi Incm Eq Fd	Miller/Howard	0.76	-5.05	5.57	27.44	19.80	204	766
IDE	Voya Infra Ind & Matrls Fd	Voya	1.01	-4.25	7.40	74.34	0.00	213	1,422
IFN	India Fund	Aberdeen	0.72	-7.44	10.42	51.49	0.00	647	2,189
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.05	-6.46	8.08	74.08	0.00	513	2,293
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	1.70	-6.81	8.91	80.50	0.00	165	508
IIF	MS India Inv Fd	Morgan Stanley	0.73	-14.05	0.02	0.00	0.00	319	424
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.75	-1.77	7.56	5.94	0.00	262	871
JOF	Japan Sml Caplz Fd	Nomura	0.68	-11.89	3.81	0.00	0.00	291	404
JTA	Nuv Tx-Adv Tot Rtn Stgy Fd	Nuveen	0.74	-8.74	6.88	64.48	29.18	170	447
JTD	Nuv Tx-Adv Div Gwth Fd	Nuveen	0.74	-8.46	7.51	26.32	28.97	248	646
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	0.75	-1.49	6.74	0.00	25.93	271	758
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.74	-10.29	5.40	18.34	3.71	587	1,420
RVT	Royce Val Tr	Franklin Templeton	1.11	-9.41	6.53	4.95	3.56	2,069	3,771
SPE	Spl Opp Fd	Bulldog	0.72	-17.19	7.48	0.00	28.85	169	975
TDF	Tmp Dragon Fd	Franklin Templeton	0.68	-8.60	5.03	0.00	0.00	849	868
TY	Tri-Cont Corp	Columbia Mngmt	1.12	-9.41	2.88	0.00	2.00	1,923	1,001
USA	Liberty All-Star Eq Fd	ALPS	1.25	8.76	9.33	0.00	0.00	1,711	9,309
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.20	-1.38	7.39	91.83	0.00	3,071	6,480
BST	BR Sci & Tech Tr	BlackRock	0.19	4.30	4.80	8.01	0.00	1,369	4,509
BDJ	BR Enh Eq Div Tr	BlackRock	0.19	-3.72	6.10	6.55	0.00	1,901	4,668
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.20	2.81	7.28	78.02	0.00	2,051	4,319
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.20	2.69	6.27	95.71	0.00	1,193	3,190
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.20	6.10	8.13	96.25	0.00	1,413	4,552
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.19	-10.78	6.21	36.71	0.00	1,540	3,181
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.19	0.00	8.07	47.34	0.00	1,162	3,412
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.19	-3.58	6.14	56.08	0.00	1,511	2,862
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.19	-0.44	5.25	61.34	0.00	1,129	2,215
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.20	13.24	7.84	79.55	0.00	656	2,335
BOE	BR Enh Glbl DivTr	BlackRock	0.20	-7.24	6.21	45.95	0.00	841	2,044
STK	ClmbSlgmn Prm Tech Gwth Fd	Columbia Mngmt	0.20	6.27	5.38	0.00	0.00	515	1,879
KYN	KA Nrg Infra Fd	Kayne Anderson	0.28	-9.64	7.03	100.00	26.67	1,194	4,743
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.30	-14.25	6.67	100.00	28.90	456	1,948
TYG	Tortoise Nrg Infra Corp	Tortoise	0.28	-20.43	4.78	100.00	26.20	427	1,445
FEI	FT MLP & Nrg Incm Fd	First Trust	0.27	-8.87	7.78	78.37	18.86	383	1,378
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.26	-2.10	8.32	96.47	19.53	286	1,102
KMF	KA NextGen Nrg & Infra	Kayne Anderson	0.26	-19.14	5.01	30.81	25.71	419	978
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.30	-18.21	6.61	100.00	28.90	374	1,394
NML	NB MLP & Nrg Incm Fd	Neuberger Berman	0.28	-19.52	3.56	100.00	13.40	351	783
GER	GS MLP & Nrg Renaissance Fd	Goldman Sachs	0.29	-15.14	5.71	53.56	0.00	222	746
NTG	Tortoise Midstream Nrg Fd	Tortoise	0.28	-22.47	4.84	100.00	25.00	216	788
RQI	C&S Qlty Incm Rty Fd	Cohen & Steers	0.87	-3.37	6.31	0.00	26.10	2,113	6,488
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Clarion	0.89	-7.46	6.91	66.90	22.18	1,094	3,451
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	0.84	-7.86	7.73	65.75	16.64	576	2,879
BMEZ	BR Health Sci Tr II	BlackRock	0.65	-3.85	6.06	5.86	N/A	3,363	6,704
HQH	Tekla Health Invstr	Tekla	0.61	-2.27	8.00	0.00	0.00	1,143	3,712
THW	Tekla Wld Health Fd	Tekla	0.64	5.01	8.68	100.00	20.91	571	3,394
THQ	Tekla Health Opp Fd	Tekla	0.63	-1.63	5.87	31.91	19.47	966	2,252
BCX	BR Res & Com Stgy Tr	BlackRock	0.82	-3.87	5.23	66.59	0.00	843	4,136
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.87	-5.29	9.57	83.61	12.00	620	3,569
NRGX	PIMCO Nrg & Tac Cr Opp Fd	PIMCO	0.95	-12.00	5.55	79.90	15.91	622	1,578
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.41	2.62	6.99	0.00	28.34	2,664	4,276
GLO	Clough Glbl Opp Fd	Clough	0.39	-7.26	11.09	8.79	32.91	409	2,811
NIE	Virtus AG Eq & Convt Incm Fd	Virtus	0.41	-9.10	5.21	0.00	0.00	889	1,894
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.42	-6.53	7.52	0.00	20.50	436	1,748
ZTR	Virtus Tot Rtn Fd	Virtus	0.44	6.29	9.63	75.63	26.13	446	1,888
RIV	RiverNorth Opp Fd	RiverNorth	0.41	3.91	11.45	30.00	7.41	183	1,749
DNP	DNP Sel Incm Fd	Virtus	0.42	8.11	7.50	18.22	26.82	3,243	7,512
UTG	Reaves Util Incm Fd	W.H. Reaves	0.41	2.96	6.26	0.00	16.84	1,806	6,203
UTF	C&S Infra Fd	Cohen & Steers	0.39	2.01	6.80	11.42	26.10	2,511	5,778
DPG	D&P Util & Infra Fd	Virtus	0.41	1.02	10.06	63.36	29.80	522	2,272
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.41	5.89	5.61	25.74	0.00	493	1,572
GUT	Gabelli Util Tr	Gabelli	0.45	79.02	7.81	100.00	26.00	270	1,490
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.98	-6.57	9.16	81.25	0.00	120	442
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	1.04	-14.31	10.06	100.00	0.00	42	128
BTO	JH Fin Opp Fd	John Hancock	0.89	1.24	6.12	0.00	14.40	667	1,975

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.