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 1,264.93 0.49 -2.67 -12.76 -6.90 -21.08 -20.84 0.33 2.33 4.69 -12.76 -6.90 -23.73
NAV 1,280.50 0.15 -1.78 -7.47 -3.73 -15.56 -15.31 1.77 3.32 5.25 -7.47 -3.73 -17.69
Difference -0.34 0.89 5.30 3.17 5.52 5.53 1.45 0.98 0.56 5.30 3.17 6.04
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00
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 - - - - - -
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 - - - - - -
Difference 0.17 1.68 -0.50 1.35 1.54 0.38 0.79 2.50 3.58 -2.56 -0.16 5.30 3.17 - - - - - -
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 1.81 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 -4.59 -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 19.24
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 2.26 -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 -8.09 -5.57 -5.08
Difference 1.14 -0.39 -0.15 0.54 -0.88 -0.36 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 -4.20 -1.20 -0.58 0.93 -0.84 2.02 -0.68 -0.75 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 -6.82 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 1.50
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 0.70 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 1.71 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 8.68 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
-7.81%
1Yr Disc
-2.34%
3Yr Disc
-3.37%
5Yr Disc
-3.10%
Rel Disc Range (3yr)
50.92%
Mkt Yield
10.82%
Lev Adj NAV Yield
8.19%
After Tax Yield*
9.02%
Est Tax Friction*
1.80%
3Yr NAV Volatiliy
19.31
1 Yr RoC
34.36%
3 Yr Dest RoC
32.36%
Leverage
26.34%
Non Lev Exp Ratio
1.49%
Beta (2yr)
0.77
Equity Exposure
36.83%
Bond Exposure
60.39%
# Holdings
100
Cash Weighted Duration
2.63
Comp NAV TR
-0.19%
Comp Discount
0.94%
Net Assets (M)
1,153
Liquidity - 90d (K)
3,679
* 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)
JPS Nuv Pref & Incm Sec Fd Nuveen 0.94 -10.22 7.81 0.00 38.73 1,530 3,666
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 0.99 -6.72 8.27 22.26 37.40 1,118 3,194
JPC Nuv Pref & Incm Opp Fd Nuveen 0.95 -7.82 9.00 0.00 37.87 806 1,664
FPF FT Imd Dur Pref & Incm Fd First Trust 0.93 -10.42 8.18 1.50 32.95 1,121 2,270
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.92 -5.28 7.97 0.00 38.20 764 2,092
LDP C&S Ltd Dur Pref & Incm Fd Cohen&Steers 0.96 -8.28 8.75 10.49 34.00 586 1,298
DFP F&C Dyn Pref & Incm Fd Flaherty & Crumrine 0.92 -7.77 7.52 0.00 38.10 423 1,568
ARCC Ares Capital Corp Ares 0.99 -10.26 10.19 0.00 53.81 9,507 44,185
ORCC Owl Rock Capital Corp Owl Rock 0.88 -28.38 11.96 0.00 53.89 5,703 18,584
FSK FS KKR Capital Corp FS/KKR 0.92 -35.82 15.81 0.00 54.38 7,480 18,715
HTGC Hercules Capital Hercules 0.91 11.03 12.09 0.00 52.22 1,327 11,512
MAIN Main Street Cap Corp Main Street Capital 0.91 32.60 7.85 0.00 48.54 1,909 12,192
GBDC Golub Capital BDC Golub Capital 1.00 -18.16 9.69 0.00 54.67 2,587 7,387
PSEC Prospect Capital Corp Prospect Capital 0.93 -40.84 11.61 0.00 44.75 4,137 9,174
RQI C&S Qlty Incm Rty Fd Cohen&Steers 0.86 -7.50 8.28 0.00 27.20 1,684 3,300
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 0.84 -4.68 12.18 9.40 29.32 723 2,000
RNP C&S REIT & Pref Incm Fd Cohen&Steers 0.95 -5.24 8.21 0.00 29.10 999 2,222
AWP abrdn Glbl Prmr Prop Fd abrdn 0.82 -8.51 12.40 56.82 24.50 361 1,134
RLTY C&S Rel-Est Opp & Incm Fd Cohen&Steers 0.87 -11.40 9.12 64.90 33.42 235 1,234
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 0.89 -13.06 10.11 29.35 31.37 362 713
JRS Nuv Rel-Est Incm Fd Nuveen 0.86 -5.62 10.60 0.00 30.39 242 618
CHI Calamos Convt Opp & Incm Calamos 0.95 -3.36 11.67 0.00 36.73 740 1,572
CHY Calamos Convt & Hi Incm Fd Calamos 0.95 -3.01 11.64 0.00 36.84 794 1,672
CCD Calamos Dyn Convt & Incm Fd Calamos 0.98 1.35 11.57 0.00 36.43 508 1,721
NCZ Virtus Convt & Incm Fd II Virtus 0.94 -16.42 16.07 87.63 48.90 255 1,359
NCV Virtus Convt & Incm Fd Virtus 0.92 -14.55 15.79 85.78 46.10 342 1,537
AVK Advent Convt & Incm Fd Guggenheim Funds 0.93 -10.01 13.03 28.13 43.89 415 1,130
ACV Virtus Divr Incm & Convt Fd Virtus 0.94 -12.41 12.14 0.00 31.38 210 648
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.99 -0.66 11.01 6.29 0.00 2,310 4,286
BST BR Sci & Tech Tr BlackRock 0.95 -4.29 9.96 0.00 0.00 1,019 4,464
BDJ BR Enh Eq Div Tr BlackRock 0.96 -4.05 8.14 0.00 0.00 1,607 3,652
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 1.02 12.57 9.83 74.15 0.00 1,305 3,879
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.98 4.27 9.28 13.13 0.00 973 3,518
NFJ Virtus Div Int & Prm Stgy Fd Virtus 0.97 -13.64 9.00 0.00 0.00 1,195 2,267
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 1.00 2.19 9.96 12.72 0.00 1,710 2,639
VVR Invsc Sr Incm Tr Invesco 1.00 -9.76 10.13 3.62 32.00 643 2,721
JQC Nuv Cr Stgs Incm Fd Nuveen 1.03 -10.81 9.69 34.87 38.77 791 1,970
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.01 -11.31 7.18 13.15 28.45 443 1,323
JFR Nuv Flt Rt Incm Fd Nuveen 1.02 -9.96 9.73 15.74 38.16 515 1,282
EFR EV Sr Flt-Rt Tr Eaton Vance 0.95 -9.81 8.84 11.30 37.37 357 1,011
EFT EV Flt-Rt Incm Tr Eaton Vance 1.01 -8.53 8.18 7.77 38.80 362 751
JRO Nuv Flt Rt Incm Opp Fd Nuveen 1.03 -9.25 9.66 14.02 38.35 364 855
KYN KA Nrg Infra Fd Kayne Anderson 1.01 -12.10 9.49 70.53 25.13 1,306 4,382
CEM CB MLP & Midstream Fd Franklin Templeton 1.08 -16.11 7.90 69.11 29.07 495 1,596
TYG Tortoise Nrg Infra Corp Tortoise 1.06 -14.92 9.09 82.56 21.90 438 1,649
FEI FT MLP & Nrg Incm Fd First Trust 0.97 -13.03 8.17 58.15 22.09 382 918
EMO CB Nrg Midstream Opp Fd Franklin Templeton 1.10 -17.07 7.86 44.47 29.41 404 1,266
KMF KA NextGen Nrg & Infra Kayne Anderson 0.98 -17.41 8.65 96.32 26.39 423 848
NML NB MLP & Nrg Incm Fd Neuberger Berman 1.05 -19.00 4.31 100.00 17.86 441 892
HYT BR Corp Hi Yld Fd BlackRock 0.94 -6.81 10.84 17.58 25.91 1,131 3,960
DLY DbLin Yld Opp Fd Doubleline 0.99 -8.46 10.03 6.58 21.87 731 1,906
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 0.97 -12.70 11.25 18.30 21.29 570 1,397
DSU BR Dbt Stgs Fd BlackRock 1.02 -12.01 8.06 12.56 28.74 477 968
HIX WA Hi Incm Fd II Franklin Templeton 0.93 -6.64 13.07 8.53 34.39 313 799
GHY PGIM Glbl Hi Yld Fd Prudential 0.97 -10.87 11.65 18.87 14.69 497 1,232
ISD PGIM Hi Yld Bnd Fd Prudential 0.98 -11.91 10.71 15.35 20.79 444 1,330
PTY PIMCO Corp & Incm Opp Fd PIMCO 2.30 10.96 11.73 0.00 44.55 965 5,068
PCN PIMCO Corp & Incm Stgy Fd PIMCO 2.29 7.04 11.10 0.00 35.59 504 1,415
GDO WA Glbl Corp Dfin Opp Fd Franklin Templeton 2.01 -8.77 10.49 8.53 35.11 189 375
CLM Cornerstone Stgc Val Fd Cornerstone 1.08 30.42 24.68 72.60 0.00 1,390 16,488
CRF Cornerstone Tot Rtn Fd Cornerstone 1.06 31.00 24.74 69.01 0.00 629 8,339
BIGZ BR Innovation & Gwth Tr BlackRock 0.96 -18.37 11.32 100.00 0.00 2,143 6,799
USA Liberty All-Star Eq Fd ALPS 0.92 0.00 11.27 0.00 0.00 1,444 4,547
RVT Royce Val Tr Franklin Templeton 0.94 -7.52 9.91 0.43 4.23 1,479 3,114
GAB Gabelli Eq Tr Gabelli 0.95 20.13 11.35 78.10 22.00 1,348 2,216
GDV Gabelli Div & Incm Tr Gabelli 0.95 -14.38 6.93 3.77 14.00 2,012 3,095
BSTZ BR Sci & Tech Tr II BlackRock 0.95 -16.27 12.86 11.35 0.00 1,680 4,437
AOD abrdn Tot Dyn Div Fd abrdn 0.92 -12.95 9.50 20.74 0.00 879 2,988
IFN India Fund abrdn 1.04 -8.91 11.32 0.00 0.00 494 1,137
IGD Voya Glbl Eq Div & Prm Opp Voya 0.95 -11.11 9.52 69.15 0.00 454 1,042
BGY BR Enh Intl DivTr BlackRock 0.92 -11.35 8.95 52.07 0.00 531 1,561
HGLB Highland Glbl Alloc Fd Highland Capital 0.95 -24.06 10.92 0.00 1.22 260 643
GLQ Clough Glbl Eq Fd Clough 0.80 -8.02 19.61 29.33 46.05 143 633
NEA Nuv AMT-Fr Qlty Muni Incm Fd Nuveen 0.94 -9.67 5.87 0.00 41.91 3,556 8,964
NAD Nuv Qlty Muni Incm Fd Nuveen 0.91 -8.96 5.80 0.00 41.52 2,864 6,529
NVG Nuv AMT-Fr Muni Cr Incm Fd Nuveen 0.92 -6.62 6.49 0.00 43.09 2,707 5,783
NMZ Nuv Muni Hi Incm Opp Fd Nuveen 0.91 -0.86 6.85 0.00 39.18 1,116 4,830
NZF Nuv Muni Cr Incm Fd Nuveen 0.94 -8.14 6.04 0.00 40.72 2,094 6,080
NUV Nuv Muni Val Fd Nuveen 0.98 -4.49 3.95 0.00 1.10 1,849 3,601
BBN BR Taxable Muni BndTr BlackRock 0.90 -4.50 8.91 9.97 33.92 1,064 4,227
BCAT BR Cap Alloc Tr BlackRock 0.97 -16.43 8.96 51.40 4.03 1,844 4,790
CSQ Calamos Stgc Tot Rtn Fd Calamos 1.00 -0.78 9.65 1.28 33.30 2,031 3,350
NIE Virtus Eq & Convt Incm Fd Virtus 1.03 -11.28 9.63 0.00 0.00 649 1,655
GUG Gghm Active Alloc Fd Guggenheim Funds 0.95 -10.55 10.38 4.77 24.43 506 1,274
GLO Clough Glbl Opp Fd Clough 0.81 -7.10 19.65 32.11 46.16 257 1,104
RIV RiverNorth Opp Fd RiverNorth 0.92 3.54 15.84 60.24 33.56 224 1,217
TBLD Thornburg Incm Bldr Opp Tr Thornburg Inv Mgmt 0.92 -12.46 9.36 0.00 0.00 489 1,232
PDI PIMCO Dyn Incm Fd PIMCO 0.98 5.63 13.31 0.00 44.43 4,315 17,061
GOF Gghm Stgc Opp Fd Guggenheim Funds 1.01 22.05 14.10 56.46 22.90 1,367 6,874
RA Brkf Real Ast Incm Fd Brookfield 0.99 12.16 13.55 57.61 28.94 846 3,932
DSL DbLin Incm Solutions Fd Doubleline 0.94 -8.83 11.95 0.00 27.17 1,236 3,847
BTZ BR Cr Alloc Incm Tr BlackRock 0.92 -10.92 10.28 15.55 30.88 1,028 2,299
HFRO Highland Incm Fd Highland Capital 0.90 -33.89 9.38 19.06 13.42 1,013 1,925
WDI WA Divr Incm Fd Franklin Templeton 0.95 -14.41 11.75 2.47 32.89 773 1,859
FAX abrdn Asia-Pacific Incm Fd abrdn 1.06 -14.95 12.89 43.43 35.50 746 3,078
EMD WA Emrg Mkt Dbt Fd Franklin Templeton 1.11 -12.86 11.81 31.97 31.67 562 1,453
EDD MS Emrg Mkt Dom Dbt Morgan Stanley 1.09 -14.81 6.76 0.00 21.02 321 548
GIM Tmp Glbl Incm Fd Franklin Templeton 1.13 -2.73 8.92 25.65 0.00 452 1,752
TEI Tmp Emrg Mkt Incm Fd Franklin Templeton 1.01 -10.23 12.39 28.07 0.00 248 874
ACP abrdn Incm Cr Stgs Fd abrdn 1.06 -2.98 18.40 1.39 43.53 167 713

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 %