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 1,703.29 -1.04 -1.37 -4.63 -3.18 -0.50 20.47 14.19 11.77 -1.37 0.06 17.87
NAV 1,575.67 -0.50 -0.78 -3.62 -2.36 0.03 14.31 11.77 9.93 -0.78 0.29 11.57
Difference 0.54 0.60 1.00 0.82 0.54 -6.16 -2.42 -1.85 0.60 0.23 -6.30
* 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 (%)
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 - - - -
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 - - - -
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 - - - -
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
-1.15%
1Yr Disc
-2.27%
3Yr Disc
-4.52%
5Yr Disc
-4.30%
Rel Disc Range (3yr)
72.07%
Mkt Yield
8.02%
Lev Adj NAV Yield
6.83%
After Tax Yield*
6.66%
Est Tax Friction*
1.36%
3Yr NAV Volatiliy
19.91
1 Yr RoC
32.90%
3 Yr Dest RoC
13.01%
Leverage
20.20%
Non Lev Exp Ratio
1.62%
Beta (2yr)
0.94
Equity Exposure
56.86%
Bond Exposure
41.30%
# Holdings
161
Cash Weighted Duration
1.21
Comp NAV TR
-0.58%
Comp Discount
2.57%
Net Assets (M)
1,041
Liquidity - 90d (K)
3,000
* 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


161 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PCI PIMCO Dyn Cr & Mortg Incm PIMCO 0.62 3.82 10.11 0.77 43.11 3,058 10,804
PDI PIMCO Dyn Incm Fd PIMCO 0.61 4.69 10.40 2.86 44.92 1,757 9,698
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.63 14.44 11.54 52.07 23.70 1,580 9,252
DSL DbLin Incm Solutions Fd Doubleline 0.59 -5.36 7.96 0.00 29.10 1,788 5,943
PDO PIMCO Dyn Incm Opp Fd PIMCO 0.61 2.28 7.04 0.00 44.63 2,154 4,538
RA Brkf Real Ast Incm Fd Brookfield 0.65 8.27 11.19 57.50 30.62 950 4,481
PFN PIMCO Incm Stgy Fd II PIMCO 0.60 4.86 9.08 15.94 34.13 700 3,052
HFRO Highland Incm Fd Highland Capital 0.65 -20.65 8.35 4.38 12.99 996 2,978
BTZ BR Cr Alloc Incm Tr BlackRock 0.62 -1.90 6.74 15.83 29.26 1,424 2,463
PHK PIMCO Hi Incm Fd PIMCO 0.62 6.65 9.46 16.09 36.72 766 2,985
BHK BR Core Bnd Tr BlackRock 0.63 4.65 5.37 0.00 32.23 859 2,095
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.61 -6.47 6.63 3.90 27.17 1,093 2,222
BIT BR Mlt-Sctr Incm Tr BlackRock 0.61 3.24 8.18 34.51 36.38 661 1,729
ARCC Ares Capital Corp Ares 0.29 9.77 8.07 0.00 52.17 8,533 39,755
FSK FS KKR Capital Corp FS/KKR 0.28 -22.55 11.80 0.00 51.21 7,734 29,397
ORCC Owl Rock Capital Corp Owl Rock 0.30 -5.62 8.79 0.00 53.04 5,878 20,834
PSEC Prospect Capital Corp Prospect Capital 0.32 -17.09 8.58 0.00 37.61 3,945 14,411
HTGC Hercules Capital Hercules 0.29 42.63 8.02 0.00 50.47 1,337 11,573
MAIN Main Street Cap Corp Main Street Capital 0.31 81.17 5.73 0.00 45.43 1,689 11,568
GSBD Goldman Sachs BDC Goldman Sachs 0.31 18.84 9.51 0.00 48.94 1,621 8,121
NEWT Newtek Biz Serv Corp Newtek 0.31 82.93 14.15 0.00 47.28 391 7,583
GBDC Golub Capital BDC Golub Capital 0.28 1.18 7.81 0.00 49.74 2,583 10,547
TSLX Sixth St Splty Lending Sixth St Splty Lending 0.32 38.42 6.90 0.00 45.24 1,256 5,777
OCSL Oaktree Splty Lending Oaktree Capital 0.30 1.65 8.38 0.00 48.12 1,313 5,431
NMFC New Mountain Fin Corp New Mountain Capital 0.30 2.56 8.82 4.08 57.76 1,285 3,522
CSWC Cap Southwest Corp Capital Southwest 0.31 63.94 8.50 0.00 53.93 382 3,671
AINV Apollo Inv Corp Apollo 0.30 -18.92 9.52 0.00 59.58 1,034 4,102
TCPC BR TCP Capital Corp BlackRock 0.29 -3.55 8.83 3.69 53.74 814 3,120
CGBD TCG BDC Carlyle 0.31 -17.42 9.31 0.00 54.39 892 2,587
SLRC SLR Inv Corp SLR Capital 0.30 -4.36 8.49 7.40 33.97 854 2,671
PFLT PennantPark Flt Rt Cap PennantPark 0.30 2.46 8.82 0.00 55.74 491 2,280
BCSF Bain Cap Splty Fin BCSF Advisors 0.31 -8.51 8.73 0.00 53.88 1,099 2,503
BBDC Barings BDC Barings 0.30 0.09 7.98 0.00 57.62 720 2,552
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.32 24.43 8.31 0.00 44.31 431 3,084
JQC Nuv Cr Stgs Incm Fd Nuveen 0.47 -6.28 7.20 57.15 36.69 929 3,877
VVR Invsc Sr Incm Tr Invesco 0.47 -4.51 5.66 12.06 30.00 713 2,311
NSL Nuv Sr Incm Fd Nuveen 0.48 -3.11 6.90 5.22 36.03 236 3,577
JFR Nuv Flt Rt Incm Fd Nuveen 0.48 -2.31 6.87 6.04 36.16 590 2,203
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 0.51 9.82 9.67 0.00 39.64 243 2,075
JRO Nuv Flt Rt Incm Opp Fd Nuveen 0.48 -3.11 6.92 6.48 36.22 417 1,641
EFT EV Flt-Rt Incm Tr Eaton Vance 0.47 1.39 6.36 8.67 29.10 430 1,192
EFR EV Sr Flt-Rt Tr Eaton Vance 0.47 2.68 6.70 9.66 27.20 405 1,494
BGB Blackstone Stgc Cr Fd Blackstone 0.46 -6.49 6.38 0.00 36.53 647 1,695
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.47 -3.46 5.98 19.26 29.89 488 1,894
ARDC Ares Dyn Cr Alloc Fd Ares 0.46 -3.40 7.36 0.00 33.57 377 1,293
FCT FT Sr Flt Rt Incm Fd II First Trust 0.46 -3.44 8.03 52.89 26.45 317 1,141
CIK CS Ast Mgmt Incm Fd Credit Suisse 0.36 0.00 7.92 0.00 21.55 178 2,638
HYT BR Corp Hi Yld Fd BlackRock 0.36 1.26 7.76 16.34 31.30 1,453 3,288
DHY CS Hi Yld Bnd Fd Credit Suisse 0.36 -2.78 7.59 0.00 22.41 261 1,234
GHY PGIM Glbl Hi Yld Fd Prudential 0.35 -7.95 8.50 12.30 26.70 659 1,700
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 0.36 0.99 8.79 2.20 27.42 743 1,481
DLY DbLin Yld Opp Fd Doubleline 0.36 -4.56 7.44 0.14 24.24 946 2,514
FSD FT Hi Incm Lng/Srt Fd First Trust 0.35 -3.96 8.26 28.19 27.59 532 1,207
ISD PGIM Hi Yld Bnd Fd Prudential 0.35 -7.13 8.06 12.81 24.00 560 1,329
EAD WF Incm Opp Fd Wells Fargo 0.35 -4.78 8.50 5.95 25.70 545 1,226
DSU BR Dbt Stgs Fd BlackRock 0.36 -0.52 6.31 17.93 30.86 539 1,253
ACP Abd Incm Cr Stgs Fd Aberdeen 0.34 1.56 11.55 17.33 39.40 238 1,359
PHT Pioneer Hi Incm Fd Pioneer 0.34 -3.62 8.29 0.00 31.00 274 824
DHF BNY Mellon Hi Yld Stgs Fd BNY Mellon 0.35 -4.02 7.16 0.00 28.49 235 911
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 0.35 -7.58 7.18 6.71 24.00 482 1,825
HIO WA Hi Incm Opp Fd Franklin Templeton 0.35 -4.91 7.14 12.12 0.00 504 768
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.35 -7.29 7.72 0.00 25.85 355 990
JPS Nuv Pref & Incm Sec Fd Nuveen 0.55 -2.50 6.47 0.67 36.29 1,973 3,615
FPF FT Imd Dur Pref & Incm Fd First Trust 0.55 0.16 6.28 0.93 30.84 1,479 1,834
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 0.53 -7.18 6.63 36.67 32.40 1,401 3,286
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.54 2.16 7.13 0.00 33.30 985 1,920
JPC Nuv Pref & Incm Opp Fd Nuveen 0.54 -3.94 6.87 0.29 36.61 1,010 2,110
DFP F&C Dyn Pref & Incm Fd Flaherty & Crumrine 0.55 2.30 7.04 0.00 33.30 538 1,455
PDT JH Prm Div Fd John Hancock 0.59 20.15 6.77 10.53 34.00 702 1,166
LDP C&S Ltd Dur Pref & Incm Fd Cohen&Steers 0.55 4.24 6.46 3.62 29.30 738 802
HPF JH Pref Incm Fd II John Hancock 0.54 4.29 7.17 13.00 31.75 424 653
NCZ Virtus AG Convt & Incm Fd II Virtus 0.99 -7.42 9.02 59.45 38.00 410 2,081
CHI Calamos Convt Opp & Incm Calamos 1.02 1.57 7.68 0.00 32.39 1,048 2,139
NCV Virtus AG Convt & Incm Fd Virtus 0.98 -6.16 9.04 56.65 37.00 543 1,980
CHY Calamos Convt & Hi Incm Fd Calamos 1.02 0.58 7.73 0.00 32.47 1,136 1,748
CCD Calamos Dyn Convt & Incm Fd Calamos 0.99 -0.64 7.96 0.00 31.46 732 1,471
BBN BR Taxable Muni BndTr BlackRock 2.08 0.61 5.61 8.36 32.41 1,551 3,088
NBB Nuv Taxable Muni Incm Fd Nuveen 2.03 -1.77 5.73 0.04 38.38 659 1,089
ADX Adams Divr Eq Fd Adams Funds 0.79 -13.67 6.19 0.00 0.00 2,388 3,459
AOD Abd Tot Dyn Div Fd Aberdeen 1.20 -10.28 7.19 0.49 0.00 1,128 2,131
ASG Liberty All-Star Gwth Fd ALPS 1.23 5.28 8.60 0.00 0.00 429 2,304
BGY BR Enh Intl DivTr BlackRock 1.21 -6.58 6.65 31.83 0.00 681 1,348
BIF Boulder Gwth & Incm Fd Boulder 0.84 -17.78 3.71 10.72 12.81 1,541 1,196
BSTZ BR Sci & Tech Tr II BlackRock 1.17 -6.37 6.19 6.70 0.00 3,103 4,426
CAF MS China A Shr Fd Morgan Stanley 0.83 -12.17 0.00 0.00 0.00 518 603
CET Cntrl Sec Corp Central Securities 0.79 -16.76 9.44 0.00 0.00 1,252 730
CLM Cornerstone Stgc Val Fd Cornerstone 1.42 41.63 15.44 42.55 0.00 1,183 18,248
CRF Cornerstone Tot Rtn Fd Cornerstone 1.42 41.71 15.31 32.07 0.00 603 8,997
EMF Tmp Emrg Mkt Fd Franklin Templeton 0.83 -10.36 0.00 0.00 4.36 300 468
EOD WF Glbl Div Opp Fd Wells Fargo 1.30 -3.01 9.02 0.00 15.60 259 951
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.72 -1.70 7.28 15.33 18.50 1,663 2,630
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.85 -1.32 7.17 1.34 17.80 477 1,642
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.73 0.47 7.01 0.00 18.20 2,036 2,556
GAB Gabelli Eq Tr Gabelli 0.90 13.62 8.89 52.08 19.00 1,797 3,835
GAM General American Invstr General American Inv 0.82 -15.85 7.28 0.00 13.57 1,190 880
GDV Gabelli Div & Incm Tr Gabelli 1.70 -9.56 5.13 0.09 14.00 2,572 3,479
GGT Gabelli Multimedia Tr Gabelli 0.85 14.18 9.59 25.32 29.00 219 451
GLQ Clough Glbl Eq Fd Clough 1.17 0.21 11.47 0.00 39.48 247 1,318
HGLB Highland Glbl Alloc Fd Highland Capital 1.18 -23.53 9.75 0.00 10.20 251 692
HIE Miller/Howard Hi Incm Eq Fd Miller/Howard 0.82 -8.45 6.04 33.98 24.22 195 550
IAE Voya AP Hi Div Eq Incm Fd Voya 1.76 -10.66 10.80 80.22 0.00 106 422
IDE Voya Infra Ind & Matrls Fd Voya 0.79 -7.80 7.90 72.33 0.00 208 526
IFN India Fund Aberdeen 0.80 -10.50 11.09 27.51 0.00 661 1,828
IGD Voya Glbl Eq Div & Prm Opp Voya 1.20 -9.22 8.26 65.58 0.00 517 1,485
IHD Voya Emrg Mkt Hi Div Eq Fd Voya 1.83 -7.53 10.11 81.88 0.00 147 439
JCE Nuv Core Eq Alpha Fd Nuveen 0.87 -0.89 7.31 0.00 0.00 269 855
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 0.84 -5.94 6.98 18.92 25.20 274 694
RMT Royce Micro-Cap Tr Franklin Templeton 0.82 -13.05 7.59 10.86 3.45 564 1,221
RVT Royce Val Tr Franklin Templeton 1.28 -9.16 17.11 0.00 3.11 2,074 3,388
SPE Spl Opp Fd Bulldog 0.86 -7.02 8.32 16.93 6.04 212 532
TDF Tmp Dragon Fd Franklin Templeton 0.81 -8.73 5.34 0.00 0.00 643 1,478
TY Tri-Cont Corp Columbia Mngmt 1.32 -10.14 3.45 0.00 1.90 2,021 1,468
USA Liberty All-Star Eq Fd ALPS 1.16 0.51 10.66 0.00 0.00 1,974 9,559
BST BR Sci & Tech Tr BlackRock 0.19 -7.48 6.06 7.08 0.00 1,716 7,048
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.20 0.60 8.21 51.81 0.00 3,032 5,631
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.20 2.89 8.29 98.85 0.00 1,531 4,446
BDJ BR Enh Eq Div Tr BlackRock 0.19 -4.36 6.22 6.55 0.00 1,877 3,487
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.20 1.21 7.83 44.55 0.00 2,133 3,360
NFJ Virtus Div Int & Prm Stgy Fd Virtus 0.20 -9.95 5.85 25.85 0.00 1,619 2,715
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.20 1.10 6.12 76.92 0.00 1,293 2,914
EOS EV Enh Eq Incm Fd II Eaton Vance 0.20 2.45 7.03 24.33 0.00 1,143 2,061
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.19 0.86 8.25 34.26 0.00 1,128 2,084
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.20 -4.26 5.98 64.47 0.00 1,562 2,073
ETJ EV Risk-Mgd Divr Eq Incm Fd Eaton Vance 0.20 3.71 8.60 75.10 0.00 654 1,661
BOE BR Enh Glbl DivTr BlackRock 0.20 -8.79 6.45 18.54 0.00 823 1,560
CII BR Enh Cap & Incm Fd BlackRock 0.20 -2.97 5.80 0.35 0.00 935 1,492
KYN KA Nrg Infra Fd Kayne Anderson 0.28 -13.42 9.11 100.00 26.39 1,122 4,074
FEI FT MLP & Nrg Incm Fd First Trust 0.28 -7.72 8.51 39.18 21.04 346 1,432
TYG Tortoise Nrg Infra Corp Tortoise 0.28 -23.09 6.71 100.00 24.10 416 1,681
CEM CB MLP & Midstream Fd Franklin Templeton 0.28 -15.51 7.31 100.00 29.41 422 1,207
KMF KA NextGen Nrg & Infra Kayne Anderson 0.28 -19.47 7.97 74.57 26.74 412 944
FEN FT Nrg Incm & Gwth Fd First Trust 0.28 -2.34 8.99 90.08 21.27 266 801
EMO CB Nrg Midstream Opp Fd Franklin Templeton 0.28 -19.55 7.15 100.00 30.03 352 1,049
NTG Tortoise Midstream Nrg Fd Tortoise 0.29 -20.88 7.77 100.00 21.70 209 919
NML NB MLP & Nrg Incm Fd Neuberger Berman 0.29 -21.04 3.92 100.00 15.10 358 719
RQI C&S Qlty Incm Rty Fd Cohen&Steers 0.91 -4.36 6.00 0.00 24.10 2,247 4,905
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 0.91 -8.43 6.73 57.81 20.36 1,134 2,363
AWP Abd Glbl Prmr Prop Fd Aberdeen 0.87 -7.20 7.75 58.50 15.00 570 1,889
BMEZ BR Health Sci Tr II BlackRock 0.55 -8.22 7.53 5.04 N/A 2,836 3,600
HQH Tekla Health Invstr Tekla 0.57 -0.48 8.87 32.60 0.00 1,032 2,521
THQ Tekla Health Opp Fd Tekla 0.65 -1.54 5.85 30.33 18.71 968 1,989
THW Tekla Wld Health Fd Tekla 0.61 5.22 9.02 98.99 17.50 548 1,530
BCX BR Res & Com Stgy Tr BlackRock 0.87 -5.69 5.26 56.70 0.00 854 2,329
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.86 0.00 9.57 75.56 13.00 579 2,183
NRGX PIMCO Nrg & Tac Cr Opp Fd PIMCO 0.89 -15.04 5.35 76.05 16.50 669 1,845
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.38 1.99 6.66 1.93 28.79 2,850 3,569
GLO Clough Glbl Opp Fd Clough 0.35 0.53 11.36 0.00 39.68 454 2,133
RIV RiverNorth Opp Fd RiverNorth 0.36 0.79 12.29 8.88 10.79 288 2,707
NIE Virtus AG Eq & Convt Incm Fd Virtus 0.37 -11.03 5.04 0.00 0.00 940 1,523
CPZ Calamos Lng-Srt Eq & Dyn Incm Calamos 0.34 -7.74 8.97 0.00 20.79 398 1,094
ZTR Virtus Tot Rtn Fd Virtus 0.37 3.77 10.27 64.27 26.00 430 1,172
UTG Reaves Util Incm Fd W.H. Reaves 0.43 0.46 6.89 0.00 17.26 2,098 8,179
DNP DNP Sel Incm Fd Virtus 0.43 14.67 7.34 29.87 25.13 3,148 4,775
UTF C&S Infra Fd Cohen&Steers 0.43 2.67 6.80 11.42 27.90 2,497 3,834
DPG D&P Util & Infra Fd Virtus 0.44 4.92 9.94 71.93 28.66 509 1,326
BUI BR Util Infra & Pwr OppTr BlackRock 0.43 1.60 5.73 31.22 0.00 531 1,580
GUT Gabelli Util Tr Gabelli 0.44 92.79 7.48 95.50 27.00 264 854
FDEU FT Dyn Euro Eq Incm Fd First Trust 0.97 -13.45 5.89 14.83 22.91 243 497
CUBA Herzfeld Caribbean Basin Fd Herzfeld Cuba 0.93 -16.22 20.09 100.00 0.00 37 142
BTO JH Fin Opp Fd John Hancock 0.99 6.34 5.29 17.07 14.05 736 1,582
NMAI Nuv Multi-Asset Incm Fd Nuveen 0.80 -5.78 7.60 N/A N/A 653 2,643

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.

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