CEF Advisors AICA Event NAVigator Podcast

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01. 15 Major CEF Sectors Index

Data as of

About the Index

The seven most liquid funds by 90-day average trading dollar $ liquidity in each of the 15 major groupings of funds: Business Development Companies (BDCs), Convertible Bonds, Covered Call Funds, Global Equity, High Yield Bonds, Investment Grade Bonds, Master Limited Partnership (MLP), Municipal Bonds, Preferred Equity, REITs/Real Assets, Senior Loans, US Equity, Hybrid / Balanced Funds, Multi-sector Bonds and International Bonds . For Hybrid / Balanced Funds and Multi-sector Bonds sectors, the selection allows only the most liquid fund from each sponsor. From the selected funds, we exclude the least liquid 5 funds. Each sector has equal weight in the index (6.66%), which is distributed equally to funds within that sector. The index constituents will be rebalanced each quarter.

As of June 30, 2022, we updated the index rules to cover 3 more major sectors. Click here to see the previous index rules, used since 2017 for the index.
The seven most liquid funds by 90-day average trading dollar $ liquidity in each of the 12 major groupings of funds: Business Development Companies (BDCs), Convertible Bonds, Covered Call Funds, Global Equity, High Yield Bonds, Investment Grade Bonds, Master Limited Partnership (MLP), Municipal Bonds, Preferred Equity, REITs/Real Assets, Senior Loans, and US Equity. Combine leverage and non-leverage groupings into one grouping when calculating the seven funds. The funds will be equal weight in the index. If there are less than seven available funds in a specific grouping, then equal weight the grouping with the smaller number of funds available. Each group will be 1/12 of the indexes over-all weighting. 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(%) 10 Year(%) MTD(%) QTD(%) YTD(%)
Price 1,823.84 -0.68 -1.70 -0.99 4.58 12.11 34.81 3.15 7.71 6.79 -1.69 -1.69 17.92
NAV 1,727.75 -0.12 -0.39 -0.26 4.30 9.33 25.61 3.56 7.16 6.00 -0.63 -0.63 12.10
Difference 0.57 1.31 0.73 -0.27 -2.77 -9.20 0.41 -0.55 -0.80 1.05 1.05 -5.81
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.07
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 2.69 2.21 3.14 8.25 -2.83 3.51 2.04 2.63 11.10 2.97 2.27 2.52 7.96 - - - - - -
NAV 0.41 1.87 2.26 4.60 -1.98 2.50 1.27 1.75 6.44 1.94 2.12 1.82 6.00 - - - - - -
Difference -2.27 -0.34 -0.88 -3.65 0.86 -1.01 -0.77 -0.88 -4.66 -1.03 -0.14 -0.70 -1.96 - - - - - -
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 10.20 -2.35 -3.17 4.20 1.04 -1.76 4.95 4.18 8.55 3.72 -2.00 -3.94 -2.36 -3.75 8.58 3.78 8.46 5.90 14.96
NAV 6.07 -2.51 -0.13 3.28 0.95 -1.09 3.49 3.34 6.73 2.45 -1.36 -2.58 -1.55 -2.08 6.81 4.07 8.85 7.16 14.37
Difference -4.12 -0.16 3.04 -0.92 -0.09 0.67 -1.46 -0.84 -1.83 -1.27 0.64 1.35 0.80 1.67 -1.77 0.30 0.39 1.26 -0.59
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -2.87 -2.93 1.36 -4.43 -6.54 -1.01 -7.34 -14.28 -18.08 8.65 -1.77 -12.76 -6.90 5.43 6.66 -5.41 6.37 -0.97 -18.88
NAV -2.69 -1.26 0.86 -3.09 -5.00 -0.63 -6.55 -11.78 -14.50 6.09 -1.93 -7.47 -3.73 2.86 4.77 -2.35 5.23 1.31 -13.38
Difference 0.18 1.68 -0.50 1.35 1.54 0.38 0.79 2.50 3.58 -2.56 -0.16 5.30 3.17 -2.57 -1.89 3.06 -1.14 2.28 5.49
2021 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2021
Price 1.46 3.95 3.89 9.56 3.72 2.45 2.50 8.92 19.33 -0.21 1.61 -2.41 -1.04 3.97 -2.42 2.30 3.79 2.70 22.56
NAV 1.14 1.95 1.82 4.98 3.07 1.45 1.87 6.53 11.83 0.43 1.31 -1.46 0.26 2.88 -2.02 2.08 2.89 3.15 15.36
Difference -0.32 -2.00 -2.07 -4.58 -0.65 -1.00 -0.62 -2.39 -7.50 0.63 -0.30 0.95 1.30 -1.10 0.40 -0.21 -0.89 0.45 -7.20
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price 0.68 -9.54 -23.04 -29.90 13.04 6.26 0.65 20.89 -15.26 3.84 3.38 -2.95 4.18 -0.87 13.74 3.94 17.19 22.09 3.46
NAV 0.34 -4.58 -19.13 -22.57 10.70 4.15 1.68 17.23 -9.23 4.07 2.61 -1.94 4.72 0.16 8.62 3.31 12.39 17.70 6.84
Difference -0.34 4.96 3.91 7.33 -2.33 -2.12 1.03 -3.66 6.03 0.24 -0.77 1.02 0.55 1.03 -5.12 -0.63 -4.80 -4.38 3.39
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 11.53 2.07 1.77 15.86 2.43 -2.69 4.19 3.86 20.33 1.78 -1.38 1.96 2.34 0.01 1.05 2.90 3.99 6.42 28.05
NAV 6.68 1.83 1.94 10.74 1.54 -2.04 3.20 2.66 13.69 0.80 -0.58 1.01 1.23 0.37 0.44 2.77 3.60 4.88 19.23
Difference -4.85 -0.24 0.17 -5.11 -0.88 0.65 -0.99 -1.20 -6.64 -0.98 0.80 -0.95 -1.11 0.36 -0.61 -0.13 -0.38 -1.54 -8.82
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 1.13 -2.81 -0.73 -2.43 1.98 1.74 -0.66 3.07 0.56 1.90 1.54 -1.24 2.19 -7.33 0.72 -6.53 -12.76 -10.85 -10.35
NAV 2.27 -3.20 -0.88 -1.88 1.09 1.38 -0.04 2.45 0.52 1.95 1.22 -0.43 2.74 -4.17 0.08 -4.17 -8.10 -5.57 -5.08
Difference 1.14 -0.39 -0.15 0.54 -0.88 -0.35 0.62 -0.62 -0.05 0.05 -0.32 0.81 0.55 3.16 -0.64 2.36 4.67 5.28 5.26
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.20 2.74 -0.12 5.91 2.79 0.09 0.94 3.84 9.97 1.94 -1.40 1.97 2.49 -0.71 -0.50 2.32 1.10 3.61 13.94
NAV 1.55 1.95 0.26 3.79 1.07 0.64 0.68 2.41 6.29 1.43 -0.21 1.10 2.32 0.39 0.48 1.67 2.54 4.93 11.53
Difference -1.65 -0.79 0.37 -2.11 -1.71 0.55 -0.25 -1.43 -3.68 -0.51 1.19 -0.87 -0.16 1.09 0.97 -0.66 1.45 1.31 -2.41
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -4.92 0.29 6.86 1.90 3.56 1.14 2.65 7.52 9.55 4.00 1.22 -0.56 4.68 -3.13 0.12 2.42 -0.67 3.99 13.92
NAV -3.97 -0.86 4.98 -0.06 2.73 1.33 1.27 5.41 5.35 2.81 0.64 0.37 3.85 -1.11 -0.56 1.67 -0.02 3.82 9.38
Difference 0.95 -1.15 -1.88 -1.96 -0.82 0.19 -1.39 -2.10 -4.21 -1.20 -0.58 0.93 -0.84 2.02 -0.68 -0.76 0.64 -0.16 -4.54
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 1.44 2.83 -0.43 3.86 1.53 -0.75 -4.57 -3.84 -0.13 -1.25 -3.50 -4.33 -8.83 6.51 -1.53 -1.81 2.99 -6.10 -6.22
NAV 0.52 2.32 -0.16 2.69 1.26 0.22 -2.34 -0.89 1.77 -0.16 -3.49 -3.31 -6.83 4.37 -1.43 -2.33 0.49 -6.37 -4.71
Difference -0.92 -0.52 0.28 -1.17 -0.27 0.97 2.23 2.94 1.90 1.09 0.01 1.02 2.00 -2.14 0.10 -0.52 -2.50 -0.27 1.51
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price 1.18 3.23 0.29 4.75 1.54 2.10 1.89 5.62 10.64 -2.13 2.81 -2.86 -2.26 1.19 0.87 -1.81 0.22 -2.04 8.38
NAV 0.98 2.68 0.78 4.50 1.28 1.88 1.79 5.04 9.76 -0.87 2.30 -1.87 -0.49 0.93 0.57 -1.12 0.37 -0.12 9.63
Difference -0.19 -0.55 0.49 -0.25 -0.26 -0.21 -0.09 -0.59 -0.88 1.26 -0.52 0.99 1.77 -0.26 -0.30 0.69 0.15 1.92 1.25
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 5.93 0.83 1.65 8.57 1.42 -2.58 -2.12 -3.29 5.00 0.48 -3.07 2.33 -0.33 2.99 -0.32 1.27 3.96 3.61 8.80
NAV 3.52 0.55 1.72 5.87 2.11 -0.29 -2.81 -1.04 4.77 2.14 -1.99 2.72 2.83 2.57 0.50 0.64 3.75 6.68 11.77
Difference -2.40 -0.29 0.06 -2.70 0.69 2.29 -0.69 2.25 -0.23 1.66 1.08 0.38 3.16 -0.42 0.83 -0.62 -0.21 3.07 2.97
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 6.89 3.27 0.07 10.46 0.88 -3.66 3.57 0.66 11.19 2.60 2.21 2.46 7.44 -0.52 -0.37 0.49 -0.40 7.01 18.98
NAV 4.39 2.58 0.74 7.88 0.83 -3.41 2.34 -0.33 7.52 2.35 1.49 2.16 6.11 0.55 0.62 1.23 2.42 8.67 16.85
Difference -2.50 -0.69 0.67 -2.58 -0.04 0.25 -1.24 -0.99 -3.67 -0.25 -0.72 -0.30 -1.33 1.07 0.99 0.74 2.81 1.66 -2.13

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-0.49%
1Yr Disc
-2.97%
3Yr Disc
-3.55%
5Yr Disc
-3.30%
Rel Disc Range (3yr)
58.41%
Mkt Yield
9.98%
Lev Adj NAV Yield
8.14%
After Tax Yield*
8.49%
Est Tax Friction*
1.49%
3Yr NAV Volatiliy
12.09
1 Yr RoC
39.70%
3 Yr Dest RoC
25.04%
Leverage
23.63%
Non Lev Exp Ratio
1.64%
Beta (2yr)
0.72
Equity Exposure
37.08%
Bond Exposure
60.94%
# Holdings
100
Cash Weighted Duration
2.66
Comp NAV TR
0.64%
Comp Discount
3.88%
Net Assets (M)
1,423
Liquidity - 90d (K)
5,532
* 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


100 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
JPC Nuv Pref & Incm Opp Fd Nuveen 0.97 -1.85 10.01 0.01 37.47 2,594 8,571
FPF FT Imd Dur Pref & Incm Fd First Trust 0.93 -5.67 8.85 24.26 38.35 1,202 2,885
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.93 -8.42 7.00 0.00 37.50 830 2,279
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 0.93 -4.95 7.98 21.62 33.80 1,172 1,986
LDP C&S Ltd Dur Pref & Incm Fd Cohen&Steers 0.93 -5.00 7.53 7.68 32.80 639 1,582
NPFD Nuv Var Rt Pref & Incm Fd Nuveen 0.97 -8.24 10.75 19.46 36.52 492 1,826
PDT JH Prm Div Fd John Hancock 0.94 -5.33 7.75 29.40 35.57 664 1,326
ARCC Ares Capital Corp Ares 1.00 9.99 8.90 0.00 49.67 12,362 70,157
OBDC Blue Owl Cap Corp Blue Owl 1.03 -1.82 9.81 0.00 53.47 5,994 28,998
BXSL Blackstone Secur Lending Fd Blackstone 1.06 14.53 9.89 0.00 51.69 5,464 31,480
FSK FS KKR Capital Corp FS/KKR 1.04 -15.03 12.58 0.00 52.98 6,708 25,877
GBDC Golub Capital BDC Golub Capital 0.98 0.20 10.16 0.00 51.17 4,054 22,861
HTGC Hercules Capital Hercules 0.99 74.89 8.00 0.00 47.58 1,856 18,908
MAIN Main Street Cap Corp Main Street Capital 1.00 67.94 5.73 0.00 44.34 2,662 19,114
RQI C&S Qlty Incm Rty Fd Cohen&Steers 0.92 -4.18 7.10 23.51 26.70 1,897 4,504
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 0.86 1.04 12.33 55.88 28.77 812 3,284
RNP C&S REIT & Pref Incm Fd Cohen&Steers 0.94 2.41 7.10 0.00 29.10 1,072 2,291
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 0.93 -7.35 12.34 47.53 27.57 384 1,826
AWP abrdn Glbl Prmr Prop Fd abrdn 0.91 1.40 11.06 67.92 17.15 366 1,328
RLTY C&S Rel-Est Opp & Incm Fd Cohen&Steers 0.93 -5.42 8.05 67.09 32.30 290 1,563
JRS Nuv Rel-Est Incm Fd Nuveen 0.95 -8.78 7.61 79.86 28.28 283 806
NCZ Virtus Convt & Incm Fd II Virtus 0.95 -10.59 11.84 95.83 37.58 259 1,605
AVK Advent Convt & Incm Fd Guggenheim Funds 0.92 -8.29 12.59 72.21 41.73 546 2,109
CCD Calamos Dyn Convt & Incm Fd Calamos 0.93 24.43 9.67 62.55 36.72 522 1,935
CHY Calamos Convt & Hi Incm Fd Calamos 0.97 10.72 10.10 88.34 36.99 827 1,776
CHI Calamos Convt Opp & Incm Calamos 0.97 13.81 9.88 86.09 36.88 766 1,541
NCV Virtus Convt & Incm Fd Virtus 0.95 -9.97 11.90 95.59 36.69 344 1,268
ACV Virtus Divr Incm & Convt Fd Virtus 0.94 -6.28 10.34 98.61 31.32 231 627
BST BR Sci & Tech Tr BlackRock 1.00 -6.18 8.23 15.20 0.00 1,348 5,155
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.93 -10.15 9.37 56.96 0.00 2,867 4,340
BDJ BR Enh Eq Div Tr BlackRock 0.98 -6.10 7.68 17.46 0.00 1,697 4,248
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.97 -4.07 8.15 0.00 0.00 2,395 3,853
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.95 -10.17 9.40 44.86 0.00 1,035 3,458
NFJ Virtus Div Int & Prm Stgy Fd Virtus 0.94 -12.90 9.61 10.09 0.00 1,381 2,414
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.97 -5.71 8.59 79.39 0.00 1,717 2,568
JFR Nuv Flt Rt Incm Fd Nuveen 0.97 -4.99 11.64 5.66 38.10 1,236 4,717
FSCO FS Cr Opp Corp FS/KKR 1.01 -8.08 10.91 0.00 32.48 1,424 4,682
JQC Nuv Cr Stgs Incm Fd Nuveen 0.95 -4.08 11.49 9.81 38.13 797 3,650
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 0.99 2.53 14.80 5.79 39.34 482 3,508
VVR Invsc Sr Incm Tr Invesco 0.92 -2.53 13.37 16.30 32.98 606 3,242
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 0.97 -4.66 9.10 0.00 37.04 575 2,310
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.00 5.08 10.89 16.33 23.39 458 1,850
KYN KA Nrg Infra Fd Kayne Anderson 1.21 -10.51 8.35 5.89 21.05 2,173 4,575
NML NB Nrg Infra & Incm Fd Neuberger Berman 1.13 -9.47 8.53 84.45 17.05 514 1,369
TYG Tortoise Nrg Infra Corp Tortoise 1.15 -11.74 7.80 66.61 18.90 488 1,253
EMO CB Nrg Midstream Opp Fd Franklin Templeton 1.16 -10.93 9.24 0.00 28.35 875 1,534
SRV NXG Cushing Midstream Nrg Fd Cushing 1.03 -5.67 13.15 98.52 28.37 131 1,022
NTG Tortoise Midstream Nrg Fd Tortoise 1.18 -11.91 6.52 68.59 15.90 287 606
HYT BR Corp Hi Yld Fd BlackRock 0.95 1.03 9.49 20.43 21.26 1,452 4,682
ACP abrdn Incm Cr Stgs Fd abrdn 0.95 -0.92 18.55 42.83 25.14 819 4,461
GHY PGIM Glbl Hi Yld Fd Prudential 0.95 -5.66 10.09 39.37 21.11 542 2,116
HIX WA Hi Incm Fd II Franklin Templeton 0.96 -2.87 13.36 29.55 31.75 408 2,001
DLY DbLin Yld Opp Fd Doubleline 0.91 -3.28 8.95 1.11 18.96 775 2,297
DSU BR Dbt Stgs Fd BlackRock 0.95 0.84 10.97 16.05 17.73 529 2,058
ISD PGIM Hi Yld Bnd Fd Prudential 0.97 -1.56 9.06 32.86 20.30 470 1,819
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.72 23.97 9.85 16.61 20.71 1,984 9,166
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.66 15.45 9.82 14.44 12.69 724 2,832
RCS PIMCO Stgc Incm Fd PIMCO 1.67 68.68 8.12 5.79 35.98 207 1,300
VBF Invsc Bnd Fd Invesco 1.61 -1.89 5.51 0.00 0.00 188 498
CLM Cornerstone Stgc Val Fd Cornerstone 1.01 12.92 16.21 64.68 0.00 1,742 12,488
CRF Cornerstone Tot Rtn Fd Cornerstone 1.01 24.30 14.74 60.69 0.00 778 6,141
BIGZ BR Innovation & Gwth Trm Tr BlackRock 0.98 -10.47 13.63 100.00 0.00 1,860 4,780
USA Liberty All-Star Eq Fd ALPS 0.98 -0.28 10.06 0.00 0.00 2,029 4,473
ADX Adams Divr Eq Fd Adams Funds 0.98 -10.94 8.04 0.00 0.00 2,770 5,005
GDV Gabelli Div & Incm Tr Gabelli 0.97 -14.25 5.43 23.50 12.00 2,547 3,978
RVT Royce Small-Cap Tr Franklin Templeton 0.95 -11.16 7.29 0.00 1.70 1,994 3,482
BSTZ BR Sci & Tech Trm Tr BlackRock 1.02 -9.66 12.72 58.42 0.00 1,658 4,212
AOD abrdn Tot Dyn Div Fd abrdn 0.94 -9.87 13.54 23.24 0.27 1,036 3,630
IFN India Fund abrdn 0.89 -9.59 11.17 0.00 0.00 744 1,919
IGD Voya Glbl Eq Div & Prm Opp Voya 0.94 -9.97 11.07 73.02 0.00 475 1,258
IIF MS India Inv Fd Morgan Stanley 0.90 -16.79 5.88 0.00 0.00 326 1,108
BGY BR Enh Intl DivTr BlackRock 0.95 -9.87 7.17 49.44 0.00 614 994
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 0.91 -8.39 10.59 48.78 29.81 240 879
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 0.94 -7.04 7.62 19.11 39.04 3,696 12,573
NZF Nuv Muni Cr Incm Fd Nuveen 0.93 -7.27 7.63 7.53 38.93 2,611 8,716
NAD Nuv Qlty Muni Incm Fd Nuveen 0.93 -7.80 7.66 11.37 39.87 2,992 9,259
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 0.91 -7.58 7.55 16.53 39.59 2,902 7,391
NAC Nuv CA Qlty Muni Inc Fd Nuveen 0.93 -8.80 7.74 23.38 39.77 1,809 5,795
NMZ Nuv Muni Hi Incm Opp Fd Nuveen 0.92 -1.16 7.13 0.28 38.81 1,237 4,157
BBN BR Taxable Muni BndTr BlackRock 0.89 -6.32 6.78 19.77 32.43 1,084 4,523
BCAT BR Cap Alloc Trm Tr BlackRock 0.93 -7.08 21.88 82.71 0.00 1,776 5,796
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.99 -1.78 6.97 68.75 29.31 2,882 3,328
AIO Virtus AI & Tech Opp Fd Virtus 0.99 -1.10 8.03 22.89 14.55 778 1,729
NMAI Nuv Multi-Asset Incm Fd Nuveen 0.96 -9.19 13.20 70.54 26.59 466 1,135
GUG Gghm Active Alloc Fd Guggenheim Funds 0.92 -7.29 9.11 34.73 26.93 557 1,218
TBLD Thornburg Incm Bldr Opp Tr Thornburg Inv Mgmt 0.93 -10.15 7.31 15.68 0.00 610 1,240
RIV RiverNorth Opp Fd RiverNorth 0.93 0.16 12.41 84.05 32.88 267 933
PDI PIMCO Dyn Incm Fd PIMCO 0.93 11.39 13.73 21.49 35.62 5,858 37,834
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.96 31.32 13.97 56.22 17.86 1,817 12,881
DSL DbLin Incm Solutions Fd Doubleline 0.92 -1.83 10.71 10.98 22.81 1,326 4,629
RA Brkf Real Ast Incm Fd Brookfield 0.95 -10.15 10.59 29.02 20.11 822 2,958
WDI WA Divr Incm Fd Franklin Templeton 0.93 -3.38 11.98 0.00 31.38 797 3,104
BTZ BR Cr Alloc Incm Tr BlackRock 0.92 -6.64 9.42 32.94 34.90 1,069 2,669
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.93 -4.84 7.26 0.00 14.17 980 2,430
FAX abrdn Asia-Pacific Incm Fd abrdn 1.06 -7.75 12.15 35.41 36.26 729 2,250
EMD WA Emrg Mkt Dbt Fd Franklin Templeton 1.09 -8.71 10.40 36.86 24.87 624 1,918
EDD MS Emrg Mkt Dom Dbt Morgan Stanley 1.07 -10.73 11.59 0.00 6.18 336 1,137
TEI Tmp Emrg Mkt Incm Fd Franklin Templeton 1.05 -9.65 10.50 7.72 15.73 284 701
EHI WA Glbl Hi Incm Fd Franklin Templeton 1.10 -4.69 12.52 28.36 34.42 213 1,026
MSD MS Emrg Mkt Dbt Fd Morgan Stanley 1.12 -1.42 11.53 0.00 0.00 156 629

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 %