CEF Advisors AICA Event NAVigator Podcast

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

View All Indexes

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 1,610.93 0.81 1.18 -2.27 3.65 19.11 15.03 1.82 6.01 5.85 -3.79 -3.79 4.15
NAV 1,566.30 0.23 -0.32 -1.90 2.24 13.57 12.34 2.54 5.73 5.47 -2.84 -2.84 1.63
Difference -0.58 -1.50 0.37 -1.41 -5.54 -2.69 0.72 -0.28 -0.38 0.95 0.95 -2.52
* 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 - - - - - - - - - - - - - - -
NAV 0.41 1.87 2.26 4.60 - - - - - - - - - - - - - - -
Difference -2.27 -0.34 -0.88 -3.65 - - - - - - - - - - - - - - -
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
-3.49%
1Yr Disc
-5.13%
3Yr Disc
-3.13%
5Yr Disc
-2.81%
Rel Disc Range (3yr)
43.74%
Mkt Yield
9.96%
Lev Adj NAV Yield
7.93%
After Tax Yield*
8.41%
Est Tax Friction*
1.55%
3Yr NAV Volatiliy
12.34
1 Yr RoC
38.07%
3 Yr Dest RoC
25.75%
Leverage
23.44%
Non Lev Exp Ratio
1.72%
Beta (2yr)
0.81
Equity Exposure
37.32%
Bond Exposure
60.18%
# Holdings
100
Cash Weighted Duration
2.61
Comp NAV TR
2.21%
Comp Discount
2.11%
Net Assets (M)
1,308
Liquidity - 90d (K)
5,063
* 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 0.96 -11.54 8.26 0.00 37.72 2,492 5,867
FPF FT Imd Dur Pref & Incm Fd First Trust 0.95 -8.00 9.63 18.00 33.43 1,133 2,753
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 0.93 -8.58 8.72 14.81 34.50 1,114 2,538
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.93 -12.01 7.54 0.00 39.50 767 2,039
LDP C&S Ltd Dur Pref & Incm Fd Cohen&Steers 0.94 -8.07 8.21 12.83 33.70 606 1,747
PDT JH Prm Div Fd John Hancock 0.94 -8.12 8.93 19.24 38.02 594 1,514
NPFD Nuv Var Rt Pref & Incm Fd Nuveen 0.94 -13.69 8.46 1.41 36.55 475 876
ARCC Ares Capital Corp Ares 0.98 7.38 9.29 0.00 49.93 11,204 75,465
FSK FS KKR Capital Corp FS/KKR 1.05 -20.61 13.18 0.00 53.16 6,850 33,139
OBDC Blue Owl Cap Corp Blue Owl 1.04 2.20 9.37 0.00 52.38 6,021 31,809
BXSL Blackstone Secur Lending Fd Blackstone 1.00 18.53 9.75 0.00 48.47 5,108 28,425
HTGC Hercules Capital Hercules 1.00 63.52 8.56 0.00 45.50 1,810 17,239
MAIN Main Street Cap Corp Main Street Capital 1.01 64.93 5.98 0.00 40.56 2,481 16,862
GBDC Golub Capital BDC Golub Capital 1.02 13.84 9.12 0.00 54.11 2,564 14,898
RQI C&S Qlty Incm Rty Fd Cohen&Steers 0.90 -4.43 8.72 15.24 29.40 1,549 4,422
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 0.90 -7.40 14.75 33.63 25.02 738 3,051
RNP C&S REIT & Pref Incm Fd Cohen&Steers 0.94 2.89 8.19 0.00 31.10 925 2,180
AWP abrdn Glbl Prmr Prop Fd abrdn 0.92 -2.66 13.11 68.27 14.94 321 1,061
RLTY C&S Rel-Est Opp & Incm Fd Cohen&Steers 0.90 -8.54 9.86 56.65 34.60 245 1,031
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 0.94 -13.85 10.78 41.86 29.11 354 794
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 0.91 -5.23 12.16 41.99 22.54 154 684
CCD Calamos Dyn Convt & Incm Fd Calamos 0.99 16.19 10.87 42.26 36.43 496 2,233
CHI Calamos Convt Opp & Incm Calamos 0.96 13.04 10.44 47.47 36.85 726 1,990
CHY Calamos Convt & Hi Incm Fd Calamos 0.96 10.76 10.60 49.54 36.97 784 1,596
NCZ Virtus Convt & Incm Fd II Virtus 0.91 -12.70 13.09 88.33 38.54 240 1,254
NCV Virtus Convt & Incm Fd Virtus 0.92 -12.96 13.20 87.50 37.54 321 1,546
AVK Advent Convt & Incm Fd Guggenheim Funds 0.95 -3.53 12.25 71.42 43.44 412 1,335
ACV Virtus Divr Incm & Convt Fd Virtus 0.92 7.46 9.73 94.45 32.69 214 720
BDJ BR Enh Eq Div Tr BlackRock 0.96 -11.41 8.43 17.46 0.00 1,681 4,134
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.94 -12.68 10.13 70.68 0.00 2,729 3,983
BST BR Sci & Tech Tr BlackRock 0.90 -1.96 8.94 33.83 0.00 1,188 3,484
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.96 -3.08 9.21 0.00 0.00 2,098 3,082
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.96 -6.57 9.52 65.57 0.00 1,565 2,966
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.94 -10.25 7.44 37.64 0.00 1,229 2,768
NFJ Virtus Div Int & Prm Stgy Fd Virtus 0.92 -15.28 9.40 0.00 0.00 1,334 2,451
JFR Nuv Flt Rt Incm Fd Nuveen 0.99 -6.80 11.82 2.03 37.87 1,241 4,907
FSCO FS Cr Opp Corp FS/KKR 0.99 -16.31 12.20 0.00 33.41 1,398 3,988
JQC Nuv Cr Stgs Incm Fd Nuveen 0.98 -6.98 11.87 3.47 38.03 796 3,396
VVR Invsc Sr Incm Tr Invesco 0.99 4.93 12.11 16.35 31.36 621 2,756
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 0.99 2.20 14.63 5.79 39.28 372 2,714
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.00 -0.23 11.34 8.10 21.38 463 2,095
AIF Apollo Tactical Incm Fd Apollo 1.00 -2.04 12.01 0.00 36.04 212 2,069
KYN KA Nrg Infra Fd Kayne Anderson 0.99 -13.49 9.03 8.49 21.32 1,906 4,590
CEM CB MLP & Midstream Fd Franklin Templeton 0.99 -6.88 6.73 33.18 28.09 653 1,148
NML NB Nrg Infra & Incm Fd Neuberger Berman 0.99 -13.40 9.51 100.00 18.85 482 1,723
TYG Tortoise Nrg Infra Corp Tortoise 1.02 -17.24 8.95 42.07 21.00 412 1,356
SRV NXG Cushing Midstream Nrg Fd Cushing 0.99 1.80 13.05 84.67 25.47 118 1,438
FEI FT MLP & Nrg Incm Fd First Trust 1.00 -1.32 6.17 26.50 17.85 446 1,269
EMO CB Nrg Midstream Opp Fd Franklin Templeton 0.99 -7.23 6.58 21.51 27.70 561 1,023
HYT BR Corp Hi Yld Fd BlackRock 0.97 1.16 9.75 23.26 25.61 1,355 3,903
DLY DbLin Yld Opp Fd Doubleline 0.94 -4.17 9.24 3.05 19.34 759 2,640
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 0.96 -7.85 11.08 22.79 12.34 562 2,251
ACP abrdn Incm Cr Stgs Fd abrdn 0.96 -2.23 18.26 28.08 28.72 350 2,128
GHY PGIM Glbl Hi Yld Fd Prudential 0.94 -10.96 11.08 36.36 21.40 523 1,758
HIX WA Hi Incm Fd II Franklin Templeton 0.97 -2.90 13.52 24.96 25.59 403 1,991
KIO KKR Incm Opp Fd KKR Credit 0.98 -1.33 10.89 0.00 35.32 368 1,727
PTY PIMCO Corp & Incm Opp Fd PIMCO 1.62 24.10 10.33 14.63 25.34 1,730 8,616
PCN PIMCO Corp & Incm Stgy Fd PIMCO 1.60 12.18 10.55 14.73 16.45 631 2,922
MIN MFS Imd Incm Tr MFS 1.68 -7.86 9.42 58.97 0.00 319 943
RCS PIMCO Stgc Incm Fd PIMCO 1.63 31.25 10.79 0.42 37.91 199 789
CLM Cornerstone Stgc Val Fd Cornerstone 0.95 8.43 18.10 49.87 0.00 1,575 10,306
BIGZ BR Innovation & Gwth Trm Tr BlackRock 0.87 -16.55 7.51 100.00 0.00 1,912 5,174
USA Liberty All-Star Eq Fd ALPS 0.92 -0.90 10.84 0.00 0.00 1,873 5,327
CRF Cornerstone Tot Rtn Fd Cornerstone 0.96 14.33 17.14 44.92 0.00 707 4,954
GDV Gabelli Div & Incm Tr Gabelli 0.95 -16.57 6.01 23.39 12.00 2,369 3,676
RVT Royce Val Tr Franklin Templeton 0.92 -12.52 7.69 4.71 1.87 1,823 3,278
GAB Gabelli Eq Tr Gabelli 0.95 0.38 11.34 54.47 18.00 1,592 3,240
BSTZ BR Sci & Tech Trm Tr BlackRock 0.88 -16.04 7.30 93.28 0.00 1,556 4,783
IFN India Fund abrdn 0.87 -2.82 9.58 0.00 0.00 567 3,674
AOD abrdn Tot Dyn Div Fd abrdn 0.94 -15.56 8.77 34.33 2.57 983 2,282
BGY BR Enh Intl DivTr BlackRock 0.93 -14.31 7.79 70.59 0.00 610 1,064
IGD Voya Glbl Eq Div & Prm Opp Voya 0.97 -12.44 11.67 70.75 0.00 463 1,088
IIF MS India Inv Fd Morgan Stanley 1.00 -19.57 7.08 0.00 0.00 284 942
TWN Taiwan Fund Nomura 0.93 -17.18 1.17 0.00 0.00 323 725
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 0.96 -14.66 5.69 2.13 39.18 3,731 7,360
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 0.94 -14.47 5.98 1.55 40.01 2,878 5,761
NAD Nuv Qlty Muni Incm Fd Nuveen 0.95 -15.27 5.71 0.00 40.07 3,011 6,061
NZF Nuv Muni Cr Incm Fd Nuveen 0.95 -13.71 5.89 0.00 38.94 2,629 5,398
NUV Nuv Muni Val Fd Nuveen 0.97 -8.32 4.10 0.00 1.49 1,922 3,485
BBN BR Taxable Muni BndTr BlackRock 0.94 -8.78 7.16 20.47 31.70 1,055 3,182
NMZ Nuv Muni Hi Incm Opp Fd Nuveen 0.96 -7.89 5.61 64.93 38.85 1,219 3,150
BCAT BR Cap Alloc Trm Tr BlackRock 0.91 -11.55 9.99 69.95 0.00 1,860 4,801
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.95 -1.71 7.91 25.00 30.56 2,537 3,357
AIO Virtus AI & Tech Opp Fd Virtus 0.93 -8.36 9.54 66.71 15.52 707 2,488
TBLD Thornburg Incm Bldr Opp Tr Thornburg Inv Mgmt 0.95 -13.64 8.09 15.68 0.00 574 1,135
GUG Gghm Active Alloc Fd Guggenheim Funds 0.97 -11.62 9.92 39.63 21.79 536 1,399
RIV RiverNorth Opp Fd RiverNorth 0.94 -5.84 13.51 79.25 32.42 261 960
SCD LMP Cap & Incm Fd Franklin Templeton 0.94 -6.25 9.23 69.37 19.16 269 899
PDI PIMCO Dyn Incm Fd PIMCO 0.97 10.96 14.13 19.62 39.54 5,095 28,416
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.99 21.03 15.25 60.35 19.70 1,650 10,661
DSL DbLin Incm Solutions Fd Doubleline 0.95 -0.65 10.86 7.35 21.77 1,254 4,743
RA Brkf Real Ast Incm Fd Brookfield 0.97 -12.85 11.22 50.29 17.27 803 3,015
BTZ BR Cr Alloc Incm Tr BlackRock 0.94 -9.01 9.97 32.88 36.56 1,036 2,564
HFRO Highland Opp & Incm Fd NexPoint 0.92 -49.38 7.11 0.00 16.14 877 2,035
WDI WA Divr Incm Fd Franklin Templeton 0.97 -7.98 12.25 0.00 31.30 791 2,857
EMD WA Emrg Mkt Dbt Fd Franklin Templeton 1.31 -12.67 11.23 41.37 28.66 604 1,950
FAX abrdn Asia-Pacific Incm Fd abrdn 1.28 -11.03 12.79 40.61 30.44 718 1,857
EDD MS Emrg Mkt Dom Dbt Morgan Stanley 1.34 -14.10 7.98 0.00 12.15 342 1,083
SABA Saba Cap Incm & Opp Fd II Saba Capital 1.35 -14.25 9.33 38.83 0.00 246 1,024
EDF Virtus SH Emrg Mkt Incm Fd Virtus 1.32 10.30 14.01 21.76 18.00 135 878

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 %