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04. 60/40 Balanced (w/ BDCs) Index

Data as of 05/01/2024 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	1,717.52	0.44	0.75	-2.01	2.53	16.29	14.97	1.31	6.23	6.26	-2.36	-2.36	4.70
NAV	1,637.09	0.06	0.20	-2.07	2.05	13.28	12.79	2.12	6.02	5.78	-2.22	-2.22	2.41
Difference		-0.38	-0.55	-0.07	-0.48	-3.01	-2.18	0.81	-0.21	-0.48	0.14	0.14	-2.29
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.02

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	1.89	2.22	2.96	7.23	-2.79	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	-0.01	2.05	2.65	4.74	-2.28	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-1.90	-0.18	-0.31	-2.49	0.51	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	9.69	-2.61	-1.88	4.82	0.49	-2.20	5.47	3.66	8.65	3.60	-2.57	-3.33	-2.42	-4.76	8.41	4.29	7.68	5.07	14.15
NAV	6.43	-2.74	0.20	3.72	0.97	-1.65	4.26	3.54	7.39	2.73	-1.77	-2.69	-1.80	-2.63	6.64	4.41	8.41	6.46	14.32
Difference	-3.26	-0.13	2.08	-1.09	0.48	0.55	-1.21	-0.12	-1.26	-0.87	0.80	0.64	0.62	2.13	-1.77	0.12	0.73	1.39	0.17
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-3.17	-2.88	1.76	-4.30	-6.88	-0.81	-7.22	-14.30	-17.99	8.08	-2.59	-11.64	-6.98	5.99	5.77	-5.08	6.40	-1.02	-18.83
NAV	-2.92	-1.40	1.04	-3.28	-5.53	-0.45	-6.68	-12.24	-15.12	5.98	-2.54	-7.51	-4.47	4.17	4.98	-2.87	6.22	1.48	-13.86
Difference	0.25	1.48	-0.72	1.02	1.35	0.36	0.54	2.06	2.87	-2.09	0.05	4.13	2.51	-1.82	-0.78	2.21	-0.18	2.50	4.96
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	1.62	4.47	3.74	10.13	3.78	2.48	1.62	8.08	19.02	-0.40	2.11	-2.69	-1.03	4.14	-2.58	2.51	4.00	2.93	22.51
NAV	0.90	2.50	1.98	5.47	3.19	1.67	1.01	5.97	11.76	0.08	1.50	-2.00	-0.45	3.17	-2.03	2.22	3.32	2.85	14.94
Difference	-0.72	-1.97	-1.77	-4.66	-0.59	-0.81	-0.61	-2.11	-7.26	0.48	-0.61	0.69	0.58	-0.97	0.55	-0.29	-0.68	-0.08	-7.56
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	0.36	-9.50	-21.75	-28.93	12.59	5.87	1.68	21.20	-13.87	4.09	3.86	-2.83	5.06	-1.96	14.61	4.35	17.26	23.19	6.10
NAV	-0.28	-5.29	-18.27	-22.82	10.16	4.39	2.27	17.61	-9.23	4.52	3.37	-2.14	5.72	-0.51	9.54	3.90	13.24	19.71	8.67
Difference	-0.64	4.21	3.48	6.12	-2.44	-1.48	0.60	-3.59	4.64	0.42	-0.50	0.68	0.66	1.45	-5.06	-0.46	-4.02	-3.47	2.57
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	11.90	2.46	1.13	15.95	2.46	-4.08	5.17	3.37	19.86	1.28	-1.92	2.32	1.63	1.04	1.10	2.96	5.18	6.90	28.13
NAV	7.27	2.04	1.33	10.91	1.97	-3.42	4.31	2.73	13.93	0.35	-1.13	1.36	0.57	1.14	0.95	2.96	5.13	5.72	20.45
Difference	-4.64	-0.42	0.20	-5.04	-0.50	0.66	-0.86	-0.65	-5.93	-0.93	0.79	-0.95	-1.07	0.10	-0.15	-0.00	-0.05	-1.18	-7.68
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	2.27	-3.15	-0.68	-1.62	1.62	0.68	-0.18	2.12	0.47	2.52	1.28	-0.97	2.83	-8.02	1.60	-7.42	-13.48	-11.03	-10.61
NAV	3.15	-3.55	-0.69	-1.19	0.89	0.49	-0.22	1.16	-0.05	2.59	0.70	-0.23	3.07	-5.02	0.62	-5.01	-9.22	-6.43	-6.47
Difference	0.88	-0.40	-0.01	0.42	-0.73	-0.19	-0.04	-0.96	-0.52	0.07	-0.57	0.73	0.24	3.00	-0.98	2.41	4.26	4.60	4.14
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	3.74	2.93	0.91	7.75	2.97	0.94	0.87	4.85	12.97	2.43	-0.84	2.42	4.03	-0.01	-0.68	1.90	1.18	5.26	18.91
NAV	2.11	2.27	0.74	5.21	1.33	1.08	0.90	3.34	8.72	2.02	0.08	1.29	3.42	0.75	0.81	1.01	2.59	6.10	15.36
Difference	-1.62	-0.65	-0.17	-2.54	-1.64	0.13	0.03	-1.51	-4.25	-0.41	0.92	-1.13	-0.61	0.77	1.50	-0.89	1.41	0.84	-3.56
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	-5.40	0.25	7.55	2.00	3.32	0.95	2.24	6.63	8.77	4.62	0.92	-0.50	5.06	-2.65	0.37	2.25	-0.10	4.95	14.16
NAV	-3.90	-0.71	5.51	0.67	2.47	1.09	1.09	4.72	5.42	3.36	0.45	0.51	4.36	-1.25	-0.04	1.69	0.37	4.75	10.43
Difference	1.50	-0.96	-2.05	-1.33	-0.85	0.14	-1.14	-1.91	-3.35	-1.26	-0.47	1.01	-0.70	1.40	-0.41	-0.56	0.47	-0.21	-3.73
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	0.83	3.78	-1.13	3.47	1.72	-0.53	-3.83	-2.69	0.68	-2.04	-4.99	-4.34	-10.96	7.42	-1.82	-1.95	3.41	-7.93	-7.30
NAV	0.26	3.08	-0.57	2.76	1.76	0.13	-2.17	-0.31	2.43	-0.34	-4.22	-3.33	-7.73	5.09	-1.41	-2.84	0.68	-7.10	-4.84
Difference	-0.57	-0.70	0.56	-0.71	0.04	0.66	1.66	2.38	1.75	1.70	0.77	1.01	3.24	-2.33	0.41	-0.88	-2.73	0.83	2.46
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	-0.57	3.92	0.66	4.00	1.57	2.40	2.25	6.35	10.60	-1.89	2.44	-3.29	-2.80	1.14	0.91	-2.50	-0.50	-3.28	6.98
NAV	-0.36	3.22	1.01	3.89	1.11	2.00	2.01	5.21	9.30	-1.07	2.36	-2.79	-1.56	1.17	0.43	-1.67	-0.09	-1.65	7.50
Difference	0.21	-0.70	0.35	-0.11	-0.45	-0.40	-0.24	-1.13	-1.30	0.81	-0.08	0.50	1.23	0.03	-0.48	0.83	0.41	1.62	0.52
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	6.45	0.79	2.03	9.46	1.65	-1.26	-2.51	-2.15	7.11	1.59	-3.00	2.40	0.91	3.55	-0.44	1.68	4.82	5.78	13.30
NAV	4.16	0.38	1.95	6.59	2.30	-0.41	-2.90	-1.08	5.44	3.11	-1.99	3.10	4.18	2.97	0.65	0.99	4.67	9.05	14.99
Difference	-2.29	-0.41	-0.08	-2.87	0.65	0.85	-0.39	1.07	-1.67	1.52	1.00	0.70	3.28	-0.58	1.09	-0.69	-0.15	3.28	1.69
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	7.91	3.88	0.14	12.25	0.53	-5.35	3.60	-1.43	10.64	2.77	2.18	2.83	7.97	-0.91	-1.01	1.17	-0.77	7.14	18.55
NAV	4.57	3.36	0.48	8.60	0.36	-5.28	2.76	-2.32	6.08	2.30	1.65	2.44	6.53	0.31	0.34	1.51	2.17	8.84	15.45
Difference	-3.34	-0.52	0.34	-3.64	-0.16	0.06	-0.84	-0.90	-4.57	-0.46	-0.53	-0.38	-1.45	1.22	1.35	0.34	2.94	1.70	-3.09

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -6.79%	1Yr Disc -7.97%	3Yr Disc -5.34%	5Yr Disc -5.58%	Rel Disc Range (3yr) 39.99%
Mkt Yield 9.54%	Lev Adj NAV Yield 7.59%	After Tax Yield* 8.20%	Est Tax Friction* 1.34%	3Yr NAV Volatiliy 14.44
1 Yr RoC 41.50%	3 Yr Dest RoC 27.28%	Leverage 19.01%	Non Lev Exp Ratio 1.66%	Beta (2yr) 0.77
Equity Exposure 55.53%	Bond Exposure 41.94%	# Holdings 155	Cash Weighted Duration 1.41
Comp NAV TR 1.95%	Comp Discount -0.03%	Net Assets (M) 1,020	Liquidity - 90d (K) 3,289
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

155 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.69	11.91	13.88	19.62	39.54	5,143	28,319
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.70	22.18	15.03	60.35	19.68	1,669	10,701
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.70	3.79	11.67	19.96	41.03	1,446	5,714
DSL	DbLin Incm Solutions Fd	Doubleline	0.67	0.57	10.71	7.35	21.77	1,256	4,598
RA	Brkf Real Ast Incm Fd	Brookfield	0.68	-12.94	11.19	50.29	17.27	806	2,972
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.66	-8.43	9.86	35.42	36.56	1,041	2,576
HFRO	Highland Opp & Incm Fd	NexPoint	0.63	-49.81	7.17	0.00	16.14	876	1,958
PAXS	PIMCO Access Incm Fd	PIMCO	0.70	4.45	11.41	11.72	42.48	662	2,822
WDI	WA Divr Incm Fd	Franklin Templeton	0.68	-8.28	12.24	0.00	31.30	794	2,893
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.69	4.41	11.74	17.34	20.89	606	2,103
PHK	PIMCO Hi Incm Fd	PIMCO	0.67	3.70	12.08	8.71	20.32	716	2,212
BHK	BR Core Bnd Tr	BlackRock	0.66	0.39	8.63	38.84	33.11	558	1,842
ARCC	Ares Capital Corp	Ares	0.27	6.76	9.21	0.00	49.93	11,870	75,149
FSK	FS KKR Capital Corp	FS/KKR	0.28	-21.46	13.33	0.00	53.16	6,850	32,462
OBDC	Blue Owl Cap Corp	Blue Owl	0.29	3.82	9.23	0.00	52.38	6,021	32,963
BXSL	Blackstone Secur Lending Fd	Blackstone	0.28	20.59	9.58	0.00	48.47	5,108	28,195
HTGC	Hercules Capital	Hercules	0.28	68.85	8.29	0.00	45.50	1,810	17,882
MAIN	Main Street Cap Corp	Main Street Capital	0.29	71.75	5.74	0.00	40.56	2,481	17,449
GBDC	Golub Capital BDC	Golub Capital	0.27	12.97	9.19	0.00	54.11	2,564	14,740
OCSL	Oaktree Splty Lending	Oaktree Capital	0.27	4.17	11.28	0.00	49.60	1,524	13,156
PSEC	Prospect Capital Corp	Prospect Capital	0.26	-41.14	13.71	0.00	51.03	3,693	11,248
CSWC	Cap Southwest Corp	Capital Southwest	0.28	56.11	8.71	0.00	47.42	721	8,981
GSBD	Goldman Sachs BDC	Goldman Sachs	0.29	6.98	11.51	0.00	51.86	1,604	9,420
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.27	26.85	8.45	0.00	53.24	1,592	9,417
TRIN	Trinity Capital	Trinity Capital	0.28	14.21	13.87	0.00	48.79	637	7,203
PFLT	PennantPark Flt Rt Cap	PennantPark	0.27	0.00	10.79	0.00	49.38	703	7,451
FDUS	Fidus Investment Corp	Fidus	0.28	5.68	8.40	0.00	42.76	594	5,891
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	-0.70	10.09	0.00	57.22	1,357	5,795
TCPC	BR TCP Capital Corp	BlackRock	0.27	-6.46	13.05	0.00	57.21	953	5,314
BBDC	Barings BDC	Barings	0.27	-15.78	10.95	0.00	53.80	1,196	5,016
RWAY	Runway Gwth Fin Corp	Runway Gwth Cap	0.28	-4.59	12.42	0.00	47.27	547	4,414
MSDL	MS Direct Lending Fd	MS Cap Patnr Advis	0.27	4.64	0.00	N/A	45.24	1,838	2,985
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.30	-4.20	9.96	0.00	50.80	1,136	4,876
MFIC	MidCap Fin Invt Corp	Apollo	0.27	-0.78	9.94	0.00	58.77	1,006	3,828
CION	CION Inv Corp	CION Inv Mgmt	0.28	-29.82	11.94	0.00	60.69	874	3,449
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.63	-6.14	11.71	2.03	37.87	1,244	4,808
FSCO	FS Cr Opp Corp	FS/KKR	0.64	-14.14	11.86	0.00	33.41	1,402	4,060
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.63	-5.26	11.61	3.47	38.03	799	3,414
VVR	Invsc Sr Incm Tr	Invesco	0.62	5.67	12.03	16.35	31.36	621	2,695
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.63	1.73	14.49	5.79	38.17	404	2,816
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.63	-0.61	11.34	9.98	21.38	465	2,056
AIF	Apollo Tactical Incm Fd	Apollo	0.62	-3.38	12.10	0.00	36.04	214	1,991
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.62	-7.28	9.43	0.00	37.15	570	1,699
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.61	-4.39	10.11	0.00	35.12	334	1,338
BGT	BR Flt Rt Incm Fd	BlackRock	0.61	0.00	11.25	9.17	22.99	286	1,179
HYT	BR Corp Hi Yld Fd	BlackRock	0.41	1.88	9.61	25.15	25.61	1,365	3,778
DLY	DbLin Yld Opp Fd	Doubleline	0.40	-3.84	9.17	3.05	19.34	761	2,435
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.40	-7.10	11.04	18.09	21.02	559	2,214
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.40	-2.53	18.35	38.91	28.72	350	2,209
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.40	-9.82	10.89	36.36	21.40	525	1,672
HIX	WA Hi Incm Fd II	Franklin Templeton	0.41	-2.67	13.42	24.96	25.59	405	1,889
KIO	KKR Incm Opp Fd	KKR Credit	0.41	-1.77	10.95	0.00	35.32	367	1,688
DSU	BR Dbt Stgs Fd	BlackRock	0.40	-0.28	11.00	9.67	20.27	504	1,675
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.40	-8.14	10.06	26.44	20.60	454	1,471
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.41	-12.53	8.59	20.23	22.40	425	1,245
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.40	-5.97	10.82	45.93	32.17	412	1,212
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.40	-9.25	11.42	13.01	0.00	391	1,202
EAD	Allspring Incm Opp Fd	Allspring	0.41	-9.71	9.57	0.00	30.51	426	1,191
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.41	-6.94	9.25	0.00	26.17	224	1,055
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.40	-12.03	8.97	0.00	28.78	193	730
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.64	-9.54	8.02	0.00	37.72	2,511	5,609
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.62	-7.85	9.63	18.89	33.88	1,132	2,609
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.62	-7.05	8.53	14.81	34.50	1,121	2,457
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.62	-11.29	7.43	0.00	38.90	772	2,054
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.63	-6.92	8.06	12.83	33.70	610	1,677
PDT	JH Prm Div Fd	John Hancock	0.63	-7.18	8.70	19.24	38.02	603	1,499
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.62	-13.07	8.33	1.41	36.55	479	887
HPI	JH Pref Incm Fd	John Hancock	0.63	3.03	9.08	8.94	37.31	421	984
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.05	18.89	10.56	42.26	36.43	498	2,241
CHI	Calamos Convt Opp & Incm	Calamos	1.01	13.58	10.33	47.47	36.85	731	1,981
CHY	Calamos Convt & Hi Incm Fd	Calamos	0.98	9.24	10.69	49.54	36.97	788	1,603
NCZ	Virtus Convt & Incm Fd II	Virtus	0.98	-11.60	12.77	88.33	37.88	243	1,166
NCV	Virtus Convt & Incm Fd	Virtus	0.98	-11.98	12.91	87.50	36.95	324	1,603
BBN	BR Taxable Muni BndTr	BlackRock	1.96	-9.11	7.16	22.56	31.70	1,058	3,052
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	1.98	2.23	9.67	43.95	24.33	375	966
ADX	Adams Divr Eq Fd	Adams Funds	0.90	-13.45	5.09	0.00	0.00	2,702	3,279
AGD	abrdn Glbl Dyn Div Fd	abrdn	0.90	-13.81	8.39	25.53	1.21	268	493
AOD	abrdn Tot Dyn Div Fd	abrdn	1.36	-14.16	8.63	32.28	3.91	983	2,200
ASG	Liberty All-Star Gwth Fd	ALPS	1.23	-8.98	9.47	25.00	0.00	330	1,480
BGY	BR Enh Intl DivTr	BlackRock	1.35	-12.95	7.64	68.63	0.00	612	1,078
BIGZ	BR Innovation & Gwth Trm Tr	BlackRock	1.18	-16.71	7.43	100.00	0.00	1,934	4,810
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.26	-16.82	7.25	93.28	0.00	1,592	4,627
CAF	MS China A Shr Fd	Morgan Stanley	0.95	-18.36	0.99	0.00	0.00	261	712
CET	Cntrl Sec Corp	Central Securities	0.91	-17.83	4.54	0.00	0.00	1,409	1,370
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.34	9.25	17.52	49.87	0.00	1,615	10,584
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.35	15.34	16.55	44.92	0.00	726	5,239
EOD	Allspring Glbl Div Opp Fd	Allspring	0.91	-14.26	9.46	0.00	17.83	230	618
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.89	-11.72	8.96	4.00	19.80	1,500	2,053
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.90	-9.28	8.65	0.00	19.20	434	654
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.80	-10.98	8.73	6.97	19.70	1,895	2,632
GAB	Gabelli Eq Tr	Gabelli	0.89	1.34	11.32	54.47	18.00	1,580	3,143
GAM	General American Invstr	General American Inv	0.91	-18.47	5.82	0.00	13.35	1,325	901
GDV	Gabelli Div & Incm Tr	Gabelli	1.76	-17.04	6.09	23.39	12.00	2,351	3,523
HGLB	Highland Glbl Alloc Fd	NexPoint	1.32	-36.63	13.54	0.00	3.11	257	535
IFN	India Fund	abrdn	0.82	-5.60	9.54	0.00	0.00	593	3,730
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.34	-12.46	11.86	70.61	0.00	456	1,129
IIF	MS India Inv Fd	Morgan Stanley	0.96	-19.53	6.95	0.00	0.00	288	907
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.92	-2.02	9.40	85.68	0.00	224	643
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.34	-12.43	8.06	72.22	29.63	231	619
MXF	Mexico Fund	Impulsora del	0.89	-19.89	4.86	7.21	0.00	334	555
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.32	-13.48	10.39	100.00	0.00	1,051	3,016
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.88	-12.85	6.73	42.93	0.38	511	961
RVT	Royce Small-Cap Tr	Franklin Templeton	1.24	-13.26	7.64	4.71	1.87	1,849	3,208
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.89	-21.93	3.86	33.55	11.11	1,771	1,014
TDF	Tmp Dragon Fd	Franklin Templeton	0.97	-14.46	0.00	N/A	0.00	244	418
TWN	Taiwan Fund	Nomura	0.91	-19.09	1.13	0.00	0.00	345	775
TY	Tri-Cont Corp	Columbia Mngmt	0.89	-12.20	3.47	0.00	2.00	1,762	1,107
USA	Liberty All-Star Eq Fd	ALPS	1.23	-0.60	10.86	0.00	0.00	1,865	5,177
BDJ	BR Enh Eq Div Tr	BlackRock	0.25	-11.05	8.38	17.46	0.00	1,685	3,988
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.25	-11.42	9.87	70.68	0.00	2,763	4,030
BST	BR Sci & Tech Tr	BlackRock	0.24	0.87	8.62	33.83	0.00	1,198	3,484
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.25	-1.42	9.00	0.00	0.00	2,111	3,205
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.25	-6.01	9.41	65.57	0.00	1,573	2,925
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.24	-10.24	7.37	37.64	0.00	1,240	2,733
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.24	-14.31	9.30	0.00	0.00	1,332	2,440
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.25	-10.88	7.45	42.99	0.00	1,483	2,378
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.25	-12.56	10.12	55.20	0.00	986	2,118
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.25	-4.21	9.33	40.26	0.00	1,070	1,681
BOE	BR Enh Glbl DivTr	BlackRock	0.25	-13.98	7.49	71.39	0.00	722	1,546
KYN	KA Nrg Infra Fd	Kayne Anderson	0.39	-14.35	9.27	8.49	21.32	1,874	4,349
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.39	-6.49	6.83	33.18	28.09	641	1,075
NML	NB Nrg Infra & Incm Fd	Neuberger Berman	0.40	-13.40	9.60	100.00	18.85	478	1,776
TYG	Tortoise Nrg Infra Corp	Tortoise	0.40	-19.22	9.22	42.07	21.50	410	1,351
SRV	NXG Cushing Midstream Nrg Fd	Cushing	0.39	0.71	13.59	84.67	25.86	114	1,358
FEI	FT MLP & Nrg Incm Fd	First Trust	0.40	-1.22	6.18	30.20	17.39	445	1,259
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.40	-5.91	6.62	21.51	27.70	550	907
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.64	-5.19	8.76	15.24	29.40	1,554	4,241
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.64	-7.40	14.75	33.63	29.35	738	2,936
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.66	-1.86	13.01	74.22	16.86	321	1,007
RLTY	C&S Rel-Est Opp & Incm Fd	Cohen&Steers	0.64	-9.31	9.90	56.65	34.60	246	915
BMEZ	BR Health Sci Trm Tr	BlackRock	0.63	-15.66	7.30	100.00	0.00	1,864	4,312
THQ	abrdn Health Opp Fd	abrdn	0.69	-6.89	10.95	40.03	19.60	876	3,386
HQH	abrdn Health Invstr	abrdn	0.67	-14.94	11.79	26.02	0.00	946	2,595
THW	abrdn Wld Health Fd	abrdn	0.69	6.55	10.90	34.30	20.10	460	1,381
BCX	BR Res & Com Stgy Tr	BlackRock	0.71	-13.09	6.79	60.33	0.00	889	2,860
PDX	Dyn Incm Stgy Fd	PIMCO	0.70	-11.18	6.48	20.74	9.08	1,056	2,307
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.74	0.74	8.87	85.44	11.00	621	1,872
FIF	FT Nrg Infra Fd	First Trust	0.69	-0.77	6.69	0.00	19.48	283	1,094
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.38	-9.99	11.04	80.39	0.00	1,846	3,750
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.38	-2.02	7.92	25.00	30.56	2,543	3,325
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.39	-9.88	9.21	56.64	0.00	668	1,509
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.38	-14.53	8.18	15.68	0.00	574	1,179
ZTR	Virtus Tot Rtn Fd	Virtus	0.39	-10.12	11.07	92.19	30.17	414	1,563
RIV	RiverNorth Opp Fd	RiverNorth	0.40	-2.69	12.93	79.25	31.99	264	994
SCD	LMP Cap & Incm Fd	Franklin Templeton	0.39	-4.41	9.08	69.37	19.16	268	838
UTG	Reaves Util Incm Fd	W.H. Reaves	0.46	-0.11	8.69	1.98	20.93	2,049	8,167
UTF	C&S Infra Fd	Cohen&Steers	0.45	0.89	8.18	19.34	30.00	2,171	5,295
DNP	DNP Sel Incm Fd	Virtus	0.45	12.08	8.94	23.89	28.20	2,821	5,017
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	0.45	-13.79	12.37	17.24	25.00	732	1,820
ASGI	abrdn Glbl Infra Incm Fd	abrdn	0.46	-13.23	10.39	9.88	0.00	503	1,260
DPG	D&P Util & Infra Fd	Virtus	0.46	-13.39	8.96	85.27	28.93	414	1,328
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.92	-13.00	12.81	77.30	0.00	78	193
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	0.93	-14.55	7.13	88.02	10.54	300	516
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.87	-25.99	22.38	94.34	0.00	49	214
BTO	JH Fin Opp Fd	John Hancock	0.87	-1.32	9.38	17.21	17.79	553	1,398

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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