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11. Alternative Income Index

Data as of 05/03/2024 04/30/2024 03/28/2024 02/29/2024 01/31/2024 12/29/2023 11/30/2023 10/31/2023 09/29/2023 08/31/2023 07/31/2023 06/30/2023 05/31/2023 04/28/2023 03/31/2023 03/23/2023 02/28/2023 01/31/2023 12/30/2022 11/30/2022 10/31/2022 09/30/2022 08/31/2022 07/29/2022 06/30/2022 05/31/2022 04/29/2022 03/31/2022 02/28/2022 02/11/2022 01/31/2022 12/31/2021 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(%)	10 Year(%)	MTD(%)	QTD(%)	YTD(%)
Price	1,565.23	0.87	2.07	0.32	4.09	14.58	20.50	2.96	4.81	5.30	1.93	-0.06	7.61
NAV	1,557.94	0.55	1.40	-0.19	3.10	11.50	14.96	3.73	5.39	5.24	1.33	-0.31	4.25
Difference		-0.31	-0.67	-0.51	-1.00	-3.09	-5.54	0.78	0.59	-0.06	-0.60	-0.25	-3.36
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.08

2024 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2024
Price	2.50	1.78	3.21	7.67	-1.95	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	0.47	1.59	2.45	4.57	-1.62	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-2.03	-0.20	-0.76	-3.10	0.33	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	8.75	-2.56	-3.38	2.38	0.99	-2.25	4.54	3.20	5.66	4.04	-1.79	-3.62	-1.52	-4.16	8.52	4.08	8.25	6.61	12.64
NAV	5.58	-2.75	-0.97	1.68	1.16	-2.06	3.07	2.12	3.83	2.87	-1.45	-2.32	-0.96	-1.88	6.26	3.93	8.37	7.32	11.44
Difference	-3.17	-0.19	2.41	-0.71	0.17	0.19	-1.46	-1.08	-1.82	-1.17	0.34	1.31	0.55	2.29	-2.26	-0.15	0.12	0.72	-1.20
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-0.51	-3.03	1.97	-1.63	-5.81	-0.29	-6.69	-12.37	-13.79	7.41	-2.04	-12.07	-7.48	5.55	5.35	-4.44	6.27	-1.69	-15.25
NAV	-1.59	-0.57	1.17	-1.00	-4.07	0.05	-6.08	-9.85	-10.76	5.03	-2.06	-6.92	-4.26	2.66	4.22	-1.53	5.35	0.86	-9.99
Difference	-1.08	2.46	-0.80	0.63	1.73	0.34	0.62	2.51	3.04	-2.38	-0.02	5.15	3.22	-2.90	-1.13	2.90	-0.92	2.54	5.25
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	2.60	4.69	3.50	11.17	4.53	2.38	2.07	9.23	21.43	-0.08	1.33	-2.59	-1.38	4.64	-2.56	1.41	3.40	1.98	23.84
NAV	1.30	2.19	2.26	5.86	2.98	1.80	1.21	6.10	12.32	0.65	1.50	-1.38	0.75	2.26	-1.64	2.28	2.87	3.64	16.41
Difference	-1.30	-2.49	-1.24	-5.31	-1.55	-0.58	-0.86	-3.13	-9.11	0.74	0.16	1.22	2.13	-2.39	0.92	0.86	-0.53	1.66	-7.43
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	1.44	-10.30	-29.32	-35.68	15.28	5.11	0.19	21.41	-21.91	2.71	4.11	-3.64	3.03	-1.22	13.70	4.03	16.84	20.38	-5.99
NAV	0.16	-4.81	-19.88	-23.61	10.34	2.71	0.29	13.65	-13.19	3.29	2.42	-1.40	4.32	-0.14	7.57	4.06	11.77	16.59	1.22
Difference	-1.29	5.48	9.44	12.07	-4.95	-2.40	0.09	-7.76	8.72	0.59	-1.69	2.24	1.28	1.08	-6.13	0.02	-5.07	-3.79	7.21
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	11.63	1.90	1.41	15.34	2.21	-2.42	3.87	3.60	19.50	1.61	-2.20	2.13	1.50	0.44	0.19	2.40	3.04	4.58	24.97
NAV	6.70	1.40	1.92	10.27	1.10	-1.37	2.82	2.53	13.06	0.56	-0.87	1.23	0.91	0.26	0.20	2.81	3.28	4.22	17.83
Difference	-4.93	-0.49	0.51	-5.07	-1.11	1.05	-1.05	-1.07	-6.44	-1.06	1.33	-0.90	-0.58	-0.18	0.01	0.41	0.24	-0.36	-7.14
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	1.05	-2.84	-0.61	-2.42	2.52	1.49	0.05	4.10	1.58	2.60	0.89	-1.21	2.25	-7.13	0.69	-6.11	-12.21	-10.23	-8.81
NAV	2.01	-3.24	-0.92	-2.21	1.49	1.17	-0.24	2.42	0.16	2.19	0.90	-0.15	2.95	-3.57	0.01	-3.76	-7.18	-4.44	-4.29
Difference	0.96	-0.40	-0.32	0.21	-1.03	-0.32	-0.29	-1.67	-1.42	-0.41	0.01	1.07	0.70	3.56	-0.68	2.36	5.03	5.79	4.53
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	4.56	3.30	0.79	8.85	2.73	-0.23	0.44	2.95	12.06	1.97	-0.94	1.43	2.45	-0.87	-1.20	2.13	0.03	2.49	14.85
NAV	2.31	1.85	0.63	4.86	1.08	0.49	0.71	2.30	7.27	1.65	-0.02	0.61	2.24	0.15	0.35	1.71	2.22	4.51	12.11
Difference	-2.25	-1.45	-0.15	-4.00	-1.65	0.72	0.28	-0.65	-4.79	-0.32	0.92	-0.82	-0.21	1.02	1.54	-0.42	2.18	2.02	-2.74
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	-5.47	0.24	7.84	2.19	4.64	0.74	3.43	9.03	11.42	4.34	2.37	-0.17	6.63	-2.74	0.72	1.93	-0.15	6.47	18.63
NAV	-3.91	-0.74	4.48	-0.34	3.57	1.33	3.17	8.27	7.90	2.75	0.80	2.01	5.65	-1.34	-0.14	2.28	0.76	6.46	14.86
Difference	1.56	-0.97	-3.36	-2.53	-1.08	0.59	-0.26	-0.77	-3.52	-1.59	-1.57	2.18	-0.98	1.40	-0.87	0.35	0.91	-0.01	-3.76
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	0.55	3.10	-1.29	2.33	2.07	-0.84	-4.86	-3.70	-1.45	-1.93	-3.19	-5.42	-10.20	7.13	-2.06	-3.19	1.57	-8.79	-10.11
NAV	0.06	2.09	-0.37	1.77	1.82	-0.27	-2.32	-0.81	0.95	-0.29	-3.12	-4.35	-7.60	4.18	-1.71	-3.84	-1.54	-9.02	-8.16
Difference	-0.49	-1.01	0.92	-0.56	-0.25	0.57	2.53	2.89	2.40	1.64	0.07	1.07	2.60	-2.95	0.35	-0.65	-3.11	-0.23	1.96
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	1.10	3.33	0.14	4.62	2.37	2.70	2.78	8.06	13.05	-2.51	2.99	-3.85	-3.45	1.13	0.81	-3.03	-1.14	-4.55	7.90
NAV	0.67	2.68	1.40	4.81	1.55	2.08	2.72	6.47	11.59	-1.09	2.32	-2.29	-1.11	0.19	0.21	-2.15	-1.75	-2.84	8.43
Difference	-0.43	-0.66	1.25	0.19	-0.82	-0.62	-0.07	-1.58	-1.46	1.42	-0.67	1.56	2.34	-0.94	-0.60	0.89	-0.60	1.72	0.53
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	5.48	1.31	1.95	8.95	1.81	-2.32	-2.02	-2.56	6.16	0.01	-2.84	1.68	-1.20	2.98	0.23	1.53	4.79	3.53	9.92
NAV	3.58	0.52	2.00	6.20	1.83	-0.73	-2.50	-1.44	4.67	1.73	-1.82	2.46	2.34	2.50	0.42	1.50	4.47	6.91	11.90
Difference	-1.90	-0.80	0.05	-2.75	0.01	1.59	-0.48	1.12	-1.49	1.73	1.02	0.78	3.54	-0.48	0.19	-0.03	-0.32	3.38	1.99
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	8.05	3.70	-0.68	11.28	0.28	-3.41	4.01	0.75	12.12	3.03	2.85	2.39	8.50	-0.05	-0.93	0.24	-0.75	7.69	20.74
NAV	3.62	2.64	0.65	7.04	0.44	-3.63	3.89	0.56	7.64	2.46	1.53	1.30	5.38	0.53	0.01	2.79	3.34	8.89	17.22
Difference	-4.43	-1.06	1.33	-4.24	0.16	-0.22	-0.12	-0.19	-4.48	-0.57	-1.32	-1.09	-3.12	0.58	0.94	2.55	4.08	1.20	-3.53

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -4.00%	1Yr Disc -6.66%	3Yr Disc -3.80%	5Yr Disc -3.69%	Rel Disc Range (3yr) 48.81%
Mkt Yield 10.43%	Lev Adj NAV Yield 8.05%	After Tax Yield* 8.85%	Est Tax Friction* 1.58%	3Yr NAV Volatiliy 12.16
1 Yr RoC 45.79%	3 Yr Dest RoC 30.49%	Leverage 25.18%	Non Lev Exp Ratio 1.94%	Beta (2yr) 0.67
Equity Exposure 44.16%	Bond Exposure 53.14%	# Holdings 85	Cash Weighted Duration 1.34
Comp NAV TR 0.99%	Comp Discount 2.13%	Net Assets (M) 1,207	Liquidity - 90d (K) 5,123
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

85 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
NMAI	Nuv Multi-Asset Incm Fd	Nuveen	1.00	-11.70	13.26	53.25	25.11	457	761
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	1.02	-13.62	10.77	19.88	25.46	355	893
AIO	Virtus AI & Tech Opp Fd	Virtus	1.01	-5.62	9.01	66.71	14.81	727	2,494
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.98	-2.28	7.76	25.00	30.56	2,602	3,364
DMA	Destra Multi-Alt Fd	Destra	0.93	-35.38	8.71	100.00	14.60	101	191
ZTR	Virtus Tot Rtn Fd	Virtus	0.97	-13.01	11.21	92.19	30.17	380	1,560
FOF	C&S CE Opp Fd	Cohen&Steers	1.01	3.37	8.95	64.81	0.00	311	705
BCAT	BR Cap Alloc Trm Tr	BlackRock	0.97	-9.23	9.60	69.95	0.00	1,886	4,839
CGO	Calamos Glbl Tot Rtn Fd	Calamos	1.00	-8.26	9.29	35.39	31.46	111	387
GUG	Gghm Active Alloc Fd	Guggenheim Funds	1.00	-11.78	9.81	39.63	21.71	543	1,294
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.98	-13.40	7.96	15.68	0.00	582	1,258
GLV	Clough Glbl Div & Incm Fd	Clough	0.99	-16.51	11.56	95.91	28.39	82	326
CHW	Calamos Glbl Dyn Incm Fd	Calamos	1.04	-8.86	8.97	48.30	31.42	469	1,478
RIV	RiverNorth Opp Fd	RiverNorth	1.01	-3.53	12.87	79.25	31.99	267	972
SCD	LMP Cap & Incm Fd	Franklin Templeton	0.98	-5.83	9.03	69.37	19.16	273	825
GLO	Clough Glbl Opp Fd	Clough	0.99	-18.75	11.66	99.90	27.92	261	720
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.97	-9.61	10.81	80.39	0.00	1,877	3,746
DSL	DbLin Incm Solutions Fd	Doubleline	0.90	1.70	10.51	7.35	21.77	1,267	4,708
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.88	6.26	9.61	42.75	35.05	550	1,349
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.88	-7.98	9.70	35.42	36.56	1,053	2,615
DBL	DbLin Opportunistic Cr Fd	Doubleline	0.89	0.66	8.66	42.12	12.62	250	871
BRW	Saba Cap Incm & Opp Fd	Saba Capital	0.91	-8.08	14.01	83.23	20.98	337	1,287
PAXS	PIMCO Access Incm Fd	PIMCO	0.94	6.20	11.13	11.72	42.48	668	2,891
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.93	22.35	14.90	60.35	19.68	1,681	10,586
PHK	PIMCO Hi Incm Fd	PIMCO	0.90	5.19	11.85	8.71	20.32	719	2,263
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.89	-5.33	7.51	0.00	19.79	954	1,998
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.91	5.24	11.60	17.34	20.89	608	2,097
PFL	PIMCO Incm Stgy Fd	PIMCO	0.91	5.12	11.60	12.89	19.63	318	894
HFRO	Highland Opp & Incm Fd	NexPoint	0.85	-48.64	6.99	0.00	16.14	879	1,976
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.92	3.91	11.56	19.96	41.03	1,458	5,696
RA	Brkf Real Ast Incm Fd	Brookfield	0.89	-13.12	11.14	50.29	17.27	811	2,925
NPCT	Nuv Core Plus Impact Fd	Nuveen	0.91	-12.72	10.67	60.44	35.67	339	884
WDI	WA Divr Incm Fd	Franklin Templeton	0.90	-8.13	12.09	0.00	31.30	803	2,960
PDI	PIMCO Dyn Incm Fd	PIMCO	0.92	12.96	13.67	19.62	39.54	5,170	28,559
FINS	Angel Oak Fin Stgs Incm Trm Tr	Angel Oak	0.91	-9.39	10.42	46.13	28.64	347	655
BHK	BR Core Bnd Tr	BlackRock	0.87	-0.19	8.57	38.84	33.11	565	1,830
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.01	9.17	17.38	49.87	0.00	1,629	10,584
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.02	15.22	16.44	44.92	0.00	732	5,257
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.98	-10.20	7.17	37.64	0.00	1,273	2,767
EOS	EV Enh Eq Incm Fd II	Eaton Vance	1.01	-3.29	9.00	40.26	0.00	1,098	1,710
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.95	-25.23	22.01	94.34	0.00	50	217
BST	BR Sci & Tech Tr	BlackRock	0.97	-0.20	8.44	33.83	0.00	1,236	3,430
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.00	-13.83	12.64	77.30	0.00	80	173
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	1.01	-1.76	8.88	0.00	0.00	2,147	3,256
PDX	Dyn Incm Stgy Fd	PIMCO	1.01	-11.67	6.41	20.74	9.08	1,073	2,313
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	1.00	-6.54	9.26	65.57	0.00	1,608	2,923
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.00	-15.05	10.27	100.00	0.00	1,083	2,977
BSTZ	BR Sci & Tech Trm Tr	BlackRock	0.92	-16.67	7.07	93.28	0.00	1,629	4,626
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	1.04	-0.74	8.98	85.44	11.00	623	1,841
HGLB	Highland Glbl Alloc Fd	NexPoint	0.96	-36.07	13.28	0.00	3.11	259	535
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.99	-11.05	7.34	42.99	0.00	1,508	2,376
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	1.02	-14.78	6.94	88.02	10.54	309	509
FSCO	FS Cr Opp Corp	FS/KKR	1.53	-12.43	11.61	0.00	33.41	1,404	4,102
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	1.48	2.02	14.41	5.79	38.17	405	2,793
VVR	Invsc Sr Incm Tr	Invesco	1.47	5.41	12.03	16.35	31.36	623	2,684
AIF	Apollo Tactical Incm Fd	Apollo	1.46	-3.44	12.07	0.00	36.04	215	1,974
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	1.48	-0.68	11.33	9.98	21.38	465	2,035
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	1.46	-7.10	9.37	0.00	37.15	573	1,676
FAX	abrdn Asia-Pacific Incm Fd	abrdn	1.34	-12.29	12.84	46.38	31.25	726	1,854
JFR	Nuv Flt Rt Incm Fd	Nuveen	1.47	-6.44	11.70	2.03	37.87	1,249	4,793
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	2.79	-6.29	7.94	12.83	33.70	614	1,714
PDT	JH Prm Div Fd	John Hancock	2.85	-5.48	8.44	19.24	38.02	610	1,536
MIN	MFS Imd Incm Tr	MFS	1.46	-6.01	9.02	58.97	0.00	323	982
ARCC	Ares Capital Corp	Ares	1.13	5.53	9.32	0.00	48.21	11,870	73,429
FSK	FS KKR Capital Corp	FS/KKR	1.19	-21.42	13.32	0.00	53.16	6,850	31,959
OBDC	Blue Owl Cap Corp	Blue Owl	1.21	3.69	9.24	0.00	52.38	6,021	32,828
BXSL	Blackstone Secur Lending Fd	Blackstone	1.21	20.89	9.56	0.00	48.47	5,108	27,795
HTGC	Hercules Capital	Hercules	1.20	67.07	8.23	0.00	47.40	1,886	18,272
MAIN	Main Street Cap Corp	Main Street Capital	1.22	72.50	5.72	0.00	40.56	2,481	17,405
GBDC	Golub Capital BDC	Golub Capital	1.16	12.38	9.24	0.00	54.11	2,564	14,440
OCSL	Oaktree Splty Lending	Oaktree Capital	1.12	3.10	11.40	0.00	49.60	1,524	11,590
PSEC	Prospect Capital Corp	Prospect Capital	1.09	-41.37	13.77	0.00	51.03	3,693	10,978
CSWC	Cap Southwest Corp	Capital Southwest	1.19	56.05	8.71	0.00	47.42	721	8,835
KYN	KA Nrg Infra Fd	Kayne Anderson	1.11	-15.26	9.21	8.49	21.32	1,906	4,372
CEM	CB MLP & Midstream Fd	Franklin Templeton	1.14	-6.64	6.69	33.18	28.09	655	1,100
NML	NB Nrg Infra & Incm Fd	Neuberger Berman	1.15	-13.70	9.51	100.00	17.45	484	1,803
TYG	Tortoise Nrg Infra Corp	Tortoise	1.15	-19.74	9.06	42.07	21.50	420	1,391
SRV	NXG Cushing Midstream Nrg Fd	Cushing	1.13	-0.22	13.37	84.67	25.86	117	1,373
FEI	FT MLP & Nrg Incm Fd	First Trust	1.16	-1.11	6.10	30.20	17.39	450	1,271
JRI	Nuv Rel-Ast Incm & Gwth Fd	Nuveen	2.99	-13.00	10.43	41.86	29.11	363	879
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	2.86	-7.90	14.37	33.63	29.35	761	2,983
AWP	abrdn Glbl Prmr Prop Fd	abrdn	2.93	-2.83	12.70	74.22	16.86	332	1,003
JPC	Nuv Pref & Incm Opp Fd	Nuveen	1.38	-9.33	7.93	0.00	37.72	2,534	5,589
FPF	FT Imd Dur Pref & Incm Fd	First Trust	1.34	-6.87	9.43	18.89	33.88	1,143	2,626
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	1.33	-11.52	7.15	0.00	38.90	431	940

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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