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01. 12 Major CEF Sectors Index

Data as of 12/03/2021 11/30/2021 10/29/2021 09/30/2021 08/31/2021 07/30/2021 06/30/2021 05/28/2021 04/30/2021 03/31/2021 02/26/2021 01/29/2021 12/31/2020 11/30/2020 10/30/2020 09/30/2020 08/31/2020 07/31/2020 06/30/2020 05/29/2020 04/30/2020 03/31/2020 02/28/2020 01/31/2020 12/31/2019 11/29/2019 10/31/2019 09/30/2019 08/30/2019 07/31/2019 06/28/2019 05/31/2019 04/30/2019 03/29/2019 02/28/2019 01/31/2019 12/31/2018 11/30/2018 10/31/2018 09/28/2018 08/31/2018 07/31/2018 06/29/2018 05/31/2018 04/30/2018 03/29/2018 02/28/2018 01/31/2018 12/29/2017 11/30/2017 10/31/2017 09/29/2017 08/31/2017 06/30/2017

• About
• Performance
• Discount
• Characteristics
• Asset Allocation
• Constituents
• Prices
• Disclosure

Index Performance

	Current($)	Previous Day(%)	1 Week(%)	1 Month(%)	3 Month(%)	6 Month(%)	1 Year(%)	3 Year(%)	5 Year(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,605.29	-0.88	-1.35	-4.11	-2.75	0.53	20.66	13.63	10.48	-0.99	0.45	18.63
NAV	1,522.36	-0.44	-0.64	-2.87	-1.61	1.71	14.89	11.37	9.17	-0.11	0.69	12.89
Difference		0.44	0.71	1.25	1.14	1.18	-5.77	-2.26	-1.31	0.88	0.23	-5.74
* 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 (%) Show Previous Years
	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	-	-	-	-
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	-	-	-	-
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	-	-	-	-
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

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -0.08%	1Yr Disc -0.77%	3Yr Disc -3.31%	5Yr Disc -2.91%	Rel Disc Range (3yr) 72.11%
Mkt Yield 7.47%	Lev Adj NAV Yield 6.21%	After Tax Yield* 6.25%	Est Tax Friction* 1.22%	3Yr NAV Volatiliy 19.91
1 Yr RoC 34.92%	3 Yr Dest RoC 15.52%	Leverage 23.84%	Non Lev Exp Ratio 1.63%	Beta (2yr) 0.93
Equity Exposure 41.77%	Bond Exposure 56.82%	# Holdings 83	Cash Weighted Duration 2.03
Comp NAV TR -0.71%	Comp Discount 3.09%	Net Assets (M) 1,405	Liquidity - 90d (K) 4,432
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

83 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
JPS	Nuv Pref & Incm Sec Fd	Nuveen	1.16	-2.50	6.47	0.67	36.29	1,973	3,615
FPF	FT Imd Dur Pref & Incm Fd	First Trust	1.18	0.16	6.28	0.93	30.84	1,479	1,834
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	1.14	-7.18	6.63	36.67	32.40	1,401	3,286
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	1.16	2.16	7.13	0.00	33.30	985	1,920
JPC	Nuv Pref & Incm Opp Fd	Nuveen	1.14	-3.94	6.87	0.29	36.61	1,010	2,110
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	1.16	2.30	7.04	0.00	33.30	538	1,455
PDT	JH Prm Div Fd	John Hancock	1.26	20.15	6.77	10.53	34.00	702	1,166
ARCC	Ares Capital Corp	Ares	1.20	9.77	8.07	0.00	52.17	8,533	39,755
FSK	FS KKR Capital Corp	FS/KKR	1.18	-22.55	11.80	0.00	51.21	7,734	29,397
ORCC	Owl Rock Capital Corp	Owl Rock	1.22	-5.62	8.79	0.00	53.04	5,878	20,834
PSEC	Prospect Capital Corp	Prospect Capital	1.33	-17.09	8.58	0.00	37.61	3,945	14,411
HTGC	Hercules Capital	Hercules	1.22	42.63	8.02	0.00	50.47	1,337	11,573
MAIN	Main Street Cap Corp	Main Street Capital	1.30	81.17	5.73	0.00	45.43	1,689	11,568
GSBD	Goldman Sachs BDC	Goldman Sachs	1.27	18.84	9.51	0.00	48.94	1,621	8,121
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	1.30	-4.36	6.00	0.00	24.10	2,247	4,905
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	1.29	-8.43	6.73	57.81	20.36	1,134	2,363
RNP	C&S REIT & Pref Incm Fd	Cohen&Steers	1.26	-3.27	5.59	0.00	25.10	1,309	2,038
AWP	Abd Glbl Prmr Prop Fd	Aberdeen	1.24	-7.20	7.75	58.50	15.00	570	1,889
JRI	Nuv Rel-Ast Incm & Gwth Fd	Nuveen	1.20	-9.29	7.70	34.85	28.80	455	1,176
JRS	Nuv Rel-Est Incm Fd	Nuveen	1.35	-5.86	6.48	53.07	27.68	360	971
RFI	C&S Tot Rtn Rty Fd	Cohen&Steers	1.19	2.97	6.02	0.00	0.00	407	730
NCZ	Virtus AG Convt & Incm Fd II	Virtus	1.18	-7.42	9.02	59.45	38.00	410	2,081
CHI	Calamos Convt Opp & Incm	Calamos	1.20	1.57	7.68	0.00	32.39	1,048	2,139
NCV	Virtus AG Convt & Incm Fd	Virtus	1.16	-6.16	9.04	56.65	37.00	543	1,980
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.21	0.58	7.73	0.00	32.47	1,136	1,748
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.17	-0.64	7.96	0.00	31.46	732	1,471
AVK	Advent Convt & Incm Fd	Guggenheim Funds	1.17	-7.50	8.09	21.78	31.69	649	1,292
ACV	Virtus AG Divr Incm & Convt Fd	Virtus	1.18	-6.56	6.09	0.00	22.22	365	851
BST	BR Sci & Tech Tr	BlackRock	1.15	-7.48	6.06	7.08	0.00	1,716	7,048
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	1.23	0.60	8.21	51.81	0.00	3,032	5,631
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	1.22	2.89	8.29	98.85	0.00	1,531	4,446
BDJ	BR Enh Eq Div Tr	BlackRock	1.19	-4.36	6.22	6.55	0.00	1,877	3,487
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	1.24	1.21	7.83	44.55	0.00	2,133	3,360
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	1.24	-9.95	5.85	25.85	0.00	1,619	2,715
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	1.26	1.10	6.12	76.92	0.00	1,293	2,914
JQC	Nuv Cr Stgs Incm Fd	Nuveen	1.20	-6.28	7.20	57.15	36.69	929	3,877
VVR	Invsc Sr Incm Tr	Invesco	1.21	-4.51	5.66	12.06	30.00	713	2,311
NSL	Nuv Sr Incm Fd	Nuveen	1.23	-3.11	6.90	5.22	36.03	236	3,577
JFR	Nuv Flt Rt Incm Fd	Nuveen	1.23	-2.31	6.87	6.04	36.16	590	2,203
XFLT	XAI Octgn Flt Rt & Alt Incm Trm	XA Investments	1.30	9.82	9.67	0.00	39.64	243	2,075
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	1.22	-3.11	6.92	6.48	36.22	417	1,641
KYN	KA Nrg Infra Fd	Kayne Anderson	1.18	-13.42	9.11	100.00	26.39	1,122	4,074
FEI	FT MLP & Nrg Incm Fd	First Trust	1.19	-7.72	8.51	39.18	21.04	346	1,432
TYG	Tortoise Nrg Infra Corp	Tortoise	1.21	-23.09	6.71	100.00	24.10	416	1,681
CEM	CB MLP & Midstream Fd	Franklin Templeton	1.18	-15.51	7.31	100.00	29.41	422	1,207
KMF	KA NextGen Nrg & Infra	Kayne Anderson	1.18	-19.47	7.97	74.57	26.74	412	944
FEN	FT Nrg Incm & Gwth Fd	First Trust	1.21	-2.34	8.99	90.08	21.27	266	801
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	1.19	-19.55	7.15	100.00	30.03	352	1,049
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	1.19	0.00	7.92	0.00	21.55	178	2,638
HYT	BR Corp Hi Yld Fd	BlackRock	1.20	1.26	7.76	16.34	31.30	1,453	3,288
DHY	CS Hi Yld Bnd Fd	Credit Suisse	1.20	-2.78	7.59	0.00	22.41	261	1,234
GHY	PGIM Glbl Hi Yld Fd	Prudential	1.17	-7.95	8.50	12.30	26.70	659	1,700
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	1.21	0.99	8.79	2.20	27.42	743	1,481
DLY	DbLin Yld Opp Fd	Doubleline	1.20	-4.56	7.44	0.14	24.24	946	2,514
FSD	FT Hi Incm Lng/Srt Fd	First Trust	1.17	-3.96	8.26	28.19	27.59	532	1,207
PTY	PIMCO Corp & Incm Opp Fd	PIMCO	1.19	27.31	8.03	17.09	46.21	1,229	8,814
PCN	PIMCO Corp & Incm Stgy Fd	PIMCO	1.21	26.61	7.55	1.80	39.09	595	1,392
IGI	WA Inv Grd Dfin Opp Tr	Franklin Templeton	1.17	-0.97	3.73	4.64	0.00	234	465
VBF	Invsc Bnd Fd	Invesco	1.18	-4.27	3.13	2.27	0.00	238	404
JHI	JH Invstr Tr	John Hancock	1.21	2.28	8.29	0.00	34.86	160	428
PIM	Putnam Mstr Imd Incm Tr	Putnam	1.16	-1.27	6.80	26.02	0.00	201	425
GDO	WA Glbl Corp Dfin Opp Fd	Franklin Templeton	1.15	-3.73	7.12	13.87	29.20	264	477
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.35	41.63	15.44	42.55	0.00	1,183	18,248
USA	Liberty All-Star Eq Fd	ALPS	1.10	0.51	10.66	0.00	0.00	1,974	9,559
BIGZ	BR Innovation & Gwth Tr	BlackRock	0.99	-10.82	8.09	100.00	0.00	4,047	14,650
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.34	41.71	15.31	32.07	0.00	603	8,997
GAB	Gabelli Eq Tr	Gabelli	1.28	13.62	8.89	52.08	19.00	1,797	3,835
GDV	Gabelli Div & Incm Tr	Gabelli	1.21	-9.56	5.13	0.09	14.00	2,572	3,479
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	1.22	-1.70	7.28	15.33	18.50	1,663	2,630
BSTZ	BR Sci & Tech Tr II	BlackRock	1.17	-6.37	6.19	6.70	0.00	3,103	4,426
AOD	Abd Tot Dyn Div Fd	Aberdeen	1.20	-10.28	7.19	0.49	0.00	1,128	2,131
IFN	India Fund	Aberdeen	1.14	-10.50	11.09	27.51	0.00	661	1,828
TDF	Tmp Dragon Fd	Franklin Templeton	1.16	-8.73	5.34	0.00	0.00	643	1,478
GLQ	Clough Glbl Eq Fd	Clough	1.17	0.21	11.47	0.00	39.48	247	1,318
BGY	BR Enh Intl DivTr	BlackRock	1.20	-6.58	6.65	31.83	0.00	681	1,348
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.20	-9.22	8.26	65.58	0.00	517	1,485
NEA	Nuv AMT-Fr Qlty Muni Incm Fd	Nuveen	1.21	-4.84	4.64	0.00	37.55	4,755	6,401
NAD	Nuv Qlty Muni Incm Fd	Nuveen	1.21	-4.54	4.59	0.00	36.92	3,807	5,749
NMZ	Nuv Muni Hi Incm Opp Fd	Nuveen	1.23	0.81	5.23	0.00	35.10	1,430	4,478
NVG	Nuv AMT-Fr Muni Cr Incm Fd	Nuveen	1.25	0.57	4.59	0.00	37.21	3,743	4,827
BBN	BR Taxable Muni BndTr	BlackRock	1.24	0.61	5.61	8.36	32.41	1,551	3,088
NDMO	Nuv Dyn Muni Opp Fd	Nuveen	1.19	-1.45	5.89	21.22	32.57	927	3,020
NUV	Nuv Muni Val Fd	Nuveen	1.09	-4.21	3.28	0.00	1.33	2,220	3,307

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.

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