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 1,509.64 -0.08 -0.26 4.93 2.45 5.39 8.26 3.99 6.94 5.99 1.29 5.86 12.20
NAV 1,492.04 -0.03 -0.09 4.41 3.13 5.22 8.67 3.73 6.44 5.59 0.76 5.38 10.72
Difference 0.05 0.18 -0.52 0.68 -0.16 0.40 -0.26 -0.51 -0.41 -0.53 -0.48 -1.48
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.07
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 - - - -
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 - - - -
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 - - - -
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
-6.29%
1Yr Disc
-5.87%
3Yr Disc
-3.06%
5Yr Disc
-3.38%
Rel Disc Range (3yr)
35.79%
Mkt Yield
10.10%
Lev Adj NAV Yield
7.77%
After Tax Yield*
8.50%
Est Tax Friction*
1.60%
3Yr NAV Volatiliy
12.23
1 Yr RoC
38.54%
3 Yr Dest RoC
23.08%
Leverage
24.16%
Non Lev Exp Ratio
1.65%
Beta (2yr)
0.74
Equity Exposure
37.29%
Bond Exposure
60.76%
# Holdings
99
Cash Weighted Duration
2.87
Comp NAV TR
1.25%
Comp Discount
1.85%
Net Assets (M)
1,287
Liquidity - 90d (K)
4,923
* 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


99 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 0.94 -8.64 8.99 29.44 36.40 1,082 3,040
JPC Nuv Pref & Incm Opp Fd Nuveen 1.93 -12.42 8.60 0.00 39.13 2,418 3,981
FPF FT Imd Dur Pref & Incm Fd First Trust 0.97 -12.24 10.46 7.73 34.81 1,094 2,929
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.97 -10.59 7.11 0.00 42.10 741 2,054
PDT JH Prm Div Fd John Hancock 1.01 -8.95 9.36 45.09 41.79 571 1,633
LDP C&S Ltd Dur Pref & Incm Fd Cohen&Steers 0.99 -8.26 8.53 17.46 35.80 584 1,799
ARCC Ares Capital Corp Ares 0.93 5.74 9.56 0.00 50.25 10,814 57,087
OBDC Blue Owl Cap Corp Blue Owl 0.99 -3.25 9.40 0.00 52.46 6,002 26,902
BXSL Blackstone Secur Lending Fd Blackstone 0.94 4.86 11.07 0.00 50.62 4,609 27,221
FSK FS KKR Capital Corp FS/KKR 0.97 -17.76 12.51 0.00 52.30 6,971 26,215
HTGC Hercules Capital Hercules 0.87 41.45 10.35 0.00 48.94 1,652 15,081
MAIN Main Street Cap Corp Main Street Capital 0.94 48.71 6.84 0.00 43.31 2,373 14,627
OCSL Oaktree Splty Lending Oaktree Capital 0.91 3.77 10.80 0.00 49.75 1,516 13,039
RQI C&S Qlty Incm Rty Fd Cohen&Steers 1.03 -7.57 8.46 0.00 32.40 1,651 5,991
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 0.99 -15.07 15.03 22.08 31.10 789 3,547
RNP C&S REIT & Pref Incm Fd Cohen&Steers 1.03 -3.02 8.48 0.00 34.00 948 3,371
AWP abrdn Glbl Prmr Prop Fd abrdn 0.92 -10.10 13.15 67.17 18.12 347 1,217
RLTY C&S Rel-Est Opp & Incm Fd Cohen&Steers 0.93 -14.46 10.01 68.48 38.12 258 915
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 0.98 -14.36 10.65 44.17 31.81 361 851
RFI C&S Tot Rtn Rty Fd Cohen&Steers 1.00 0.09 8.38 12.80 0.00 303 910
CHY Calamos Convt & Hi Incm Fd Calamos 0.93 9.70 10.61 9.71 40.10 787 1,790
NCV Virtus Convt & Incm Fd Virtus 0.97 -11.48 12.59 97.01 39.47 331 1,894
CHI Calamos Convt Opp & Incm Calamos 0.88 4.10 11.22 8.28 39.93 730 1,605
NCZ Virtus Convt & Incm Fd II Virtus 0.99 -9.51 12.20 97.79 40.51 248 1,799
CCD Calamos Dyn Convt & Incm Fd Calamos 0.96 3.03 12.07 0.94 39.66 501 1,410
AVK Advent Convt & Incm Fd Guggenheim Funds 0.93 -11.99 13.31 73.50 46.58 415 1,312
ACV Virtus Divr Incm & Convt Fd Virtus 0.98 -3.00 10.97 79.26 35.38 210 629
BDJ BR Enh Eq Div Tr BlackRock 0.92 -11.79 8.84 0.00 0.00 1,610 4,584
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.95 -11.36 8.67 61.87 0.00 2,643 4,783
BST BR Sci & Tech Tr BlackRock 0.99 0.62 8.79 85.28 0.00 1,166 3,297
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.95 -4.87 9.12 61.89 0.00 1,533 2,918
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.93 -5.68 8.19 24.45 0.00 1,967 3,155
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.94 -5.32 7.26 21.20 0.00 1,194 3,353
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.93 -12.82 9.01 52.03 0.00 974 2,962
JFR Nuv Flt Rt Incm Fd Nuveen 0.92 -11.87 12.61 4.18 38.66 1,231 5,371
FSCO FS Cr Opp Corp FS/KKR 0.98 -17.99 11.81 0.00 33.56 1,400 5,023
JQC Nuv Cr Stgs Incm Fd Nuveen 0.95 -11.75 12.51 5.63 38.85 796 3,005
VVR Invsc Sr Incm Tr Invesco 0.96 -0.24 12.65 6.52 33.09 626 2,703
XFLT XAI Octgn Flt Rt & Alt Incm Trm XA Investments 0.94 4.78 14.53 0.00 40.85 313 2,184
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 0.93 -11.55 11.03 0.00 36.95 561 1,779
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.88 -8.04 12.25 6.07 24.33 465 1,861
KYN KA Nrg Infra Fd Kayne Anderson 0.93 -17.51 9.91 14.94 22.12 1,738 4,489
CEM CB MLP & Midstream Fd Franklin Templeton 0.98 -11.59 8.17 69.31 31.95 567 1,560
NML NB Nrg Infra & Incm Fd Neuberger Berman 0.90 -12.53 10.35 92.40 18.19 439 1,306
SRV NXG Cushing Midstream Nrg Fd Cushing 0.87 -7.94 15.78 60.62 25.09 82 1,047
TYG Tortoise Nrg Infra Corp Tortoise 0.89 -19.65 10.15 66.25 21.90 375 1,294
EMO CB Nrg Midstream Opp Fd Franklin Templeton 0.98 -9.52 7.71 100.00 32.05 477 1,290
FEN FT Nrg Incm & Gwth Fd First Trust 1.03 -7.09 8.17 92.70 20.04 308 834
HYT BR Corp Hi Yld Fd BlackRock 0.95 -5.82 10.50 26.43 31.34 1,349 4,498
DLY DbLin Yld Opp Fd Doubleline 0.91 -5.39 9.61 6.66 19.96 738 2,753
ACP abrdn Incm Cr Stgs Fd abrdn 0.89 -4.41 18.43 9.42 29.17 355 2,118
KIO KKR Incm Opp Fd KKR Credit 0.94 -6.04 11.86 0.00 35.90 355 1,731
GHY PGIM Glbl Hi Yld Fd Prudential 0.96 -10.02 11.13 30.00 22.35 515 1,864
DSU BR Dbt Stgs Fd BlackRock 0.95 -1.48 11.15 5.10 22.67 503 1,537
ISD PGIM Hi Yld Bnd Fd Prudential 0.94 -10.54 10.38 18.47 21.35 451 1,517
PTY PIMCO Corp & Incm Opp Fd PIMCO 2.26 25.07 10.43 7.69 27.31 1,591 6,832
PCN PIMCO Corp & Incm Stgy Fd PIMCO 2.21 10.49 10.86 8.05 19.35 573 2,762
MIN MFS Imd Incm Tr MFS 2.15 -6.25 8.96 61.20 0.00 329 630
CLM Cornerstone Stgc Val Fd Cornerstone 0.86 11.08 19.86 60.60 0.00 1,529 12,593
CRF Cornerstone Tot Rtn Fd Cornerstone 0.86 15.31 19.07 60.31 0.00 690 6,771
BIGZ BR Innovation & Gwth Trm Tr BlackRock 0.96 -13.93 7.33 100.00 0.00 1,917 7,719
USA Liberty All-Star Eq Fd ALPS 0.92 -5.88 9.87 0.00 0.00 1,768 5,125
GDV Gabelli Div & Incm Tr Gabelli 0.96 -16.09 6.45 66.48 15.00 2,197 3,774
RVT Royce Val Tr Franklin Templeton 0.94 -11.61 8.61 17.88 2.06 1,702 3,565
ADX Adams Divr Eq Fd Adams Funds 0.92 -14.13 7.62 0.00 0.00 2,402 2,835
BSTZ BR Sci & Tech Trm Tr BlackRock 0.93 -19.37 7.33 63.88 0.00 1,583 6,984
AOD abrdn Tot Dyn Div Fd abrdn 0.95 -15.43 8.80 19.59 4.81 977 2,462
IFN India Fund abrdn 0.93 3.52 9.14 0.00 0.00 527 1,583
BGY BR Enh Intl DivTr BlackRock 0.94 -14.21 7.91 61.70 0.00 600 1,170
IGD Voya Glbl Eq Div & Prm Opp Voya 0.91 -14.83 9.84 62.51 0.00 454 1,318
HGLB Highland Glbl Alloc Fd NexPoint 0.95 -28.15 12.26 5.25 3.11 257 785
MXF Mexico Fund Impulsora del 0.98 -18.65 4.52 11.33 0.00 322 563
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 1.01 -14.77 4.73 0.09 42.58 3,785 12,136
NAD Nuv Qlty Muni Incm Fd Nuveen 1.00 -14.42 4.73 0.00 42.58 3,044 11,056
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 1.03 -14.07 5.22 0.09 43.94 2,883 9,205
NZF Nuv Muni Cr Incm Fd Nuveen 1.01 -14.46 5.33 0.00 42.40 2,625 8,397
BBN BR Taxable Muni BndTr BlackRock 0.95 -8.89 7.02 23.06 32.96 1,078 4,091
NUV Nuv Muni Val Fd Nuveen 0.93 -9.31 4.11 0.00 1.18 1,938 5,385
NMZ Nuv Muni Hi Incm Opp Fd Nuveen 0.97 -8.60 5.16 0.00 42.51 1,196 4,908
BCAT BR Cap Alloc Trm Tr BlackRock 0.95 -11.47 10.22 68.70 0.00 1,817 4,860
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.93 -3.17 8.57 35.17 34.33 2,376 3,310
ZTR Virtus Tot Rtn Fd Virtus 1.04 -13.26 11.05 73.75 32.57 429 2,046
GUG Gghm Active Alloc Fd Guggenheim Funds 0.95 -13.84 10.22 31.34 20.16 534 1,126
TBLD Thornburg Incm Bldr Opp Tr Thornburg Inv Mgmt 0.95 -13.01 8.20 6.40 0.00 562 920
NMAI Nuv Multi-Asset Incm Fd Nuveen 1.03 -9.16 12.90 29.10 30.76 456 958
GLO Clough Glbl Opp Fd Clough 0.96 -18.15 12.60 100.00 37.59 241 825
PDI PIMCO Dyn Incm Fd PIMCO 0.96 6.03 14.89 9.15 42.30 4,624 26,033
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.84 10.95 16.21 56.50 22.39 1,570 12,598
RA Brkf Real Ast Incm Fd Brookfield 0.96 -12.49 11.05 65.99 17.32 822 5,077
DSL DbLin Incm Solutions Fd Doubleline 0.94 0.67 11.03 10.16 23.21 1,219 6,373
BTZ BR Cr Alloc Incm Tr BlackRock 0.97 -9.31 9.84 36.72 37.11 1,053 3,648
WDI WA Divr Incm Fd Franklin Templeton 0.96 -8.89 12.49 0.00 32.82 781 2,383
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.93 -8.88 7.98 0.00 24.51 932 1,640
FAX abrdn Asia-Pacific Incm Fd abrdn 1.20 -9.60 12.09 42.48 30.50 748 2,161
EMD WA Emrg Mkt Dbt Fd Franklin Templeton 1.20 -9.89 11.02 26.69 30.36 615 1,760
GIM Tmp Glbl Incm Fd Franklin Templeton 1.08 -11.09 8.79 8.13 0.00 250 1,589
EDD MS Emrg Mkt Dom Dbt Morgan Stanley 1.20 -11.85 7.56 0.00 6.63 352 992
TEI Tmp Emrg Mkt Incm Fd Franklin Templeton 1.18 -10.56 10.91 7.79 16.58 268 1,043
MSD MS Emrg Mkt Dbt Fd Morgan Stanley 1.13 -9.84 11.80 0.00 0.00 152 679

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 %