11. Alternative Income Index

About the Index

All funds in index must be monthly or quarterly paying funds that have a 6%+ with 65%+ of the yield paid February to October (seeking to avoid large year-end dividends to cause inclusion in the index, and not counting special dividends in this calculation for yield). (1) 15% allocation to all the funds in the Hybrid / Balanced Index, equal weight (2) 15% allocation to all the funds in the Multisector Bond Index, equal weight. (3) 14% allocation to funds in the Equity Income Index (non MLP/Non REIT) 1/3 of funds from the index (after MLP/REIT removal) ranked by lowest daily NAV correlation over the past 6 months to the Equity Income Index NAV, equal weight. (4) 14% allocation to funds in the Taxable Bond and BDC Index (non BDC or Multisector funds) 1/4 of the funds from the index (after BDC / Multisector fund removal) ranked by lowest daily NAV correlation in the past 6 months to the Taxable Bond and BDC Index's NAV, equal weight. (5) 10% allocation to the 10 most liquid as measured by 90 day average trade volume for the BDCs in our BDC index while allowing only 1 BDC per Fund Sponsor, equal weight. (6) 10% allocation to the 10 most liquid as measured by 90 day average trade volume for the MLP funds in our MLP index while only allowing 1 MLP fund per Fund Sponsor, equal weight. (7) 8% allocation to 1/2 of the REIT / Real Asset Funds in our index with the lowest 6 month NAV correlation to the Index's NAV while allowing only 1 fund per Fund Sponsor (lowest correlation), equal weight. (8) 8% allocation to any non-BDC CEFs that report a quarterly NAV, equal weight. (9) 6% allocation to the 5 Preferred Equity funds in our Preferred Equity Index with the lowest 6 month NAV correlation to the Preferred Equity Index's NAV while allowing only 1 fund per Fund Sponsor (lowest correlation), equal weight. 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	1,752.11	0.11	1.57	2.94	7.19	12.29	34.04	5.69	6.78	6.34	0.13	0.13	20.46
NAV	1,696.47	0.04	0.99	2.21	5.95	8.68	24.93	5.25	6.79	5.83	0.19	0.19	13.52
Difference		-0.07	-0.58	-0.73	-1.24	-3.61	-9.11	-0.44	0.01	-0.51	0.06	0.06	-6.94
* 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 (%)
	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	3.64	2.07	3.72	11.68	2.67	2.06	2.80	7.72	-	-	-	-	-	-
NAV	0.47	1.59	2.45	4.57	-1.62	2.76	1.01	2.13	6.79	2.02	1.94	2.01	6.09	-	-	-	-	-	-
Difference	-2.03	-0.20	-0.76	-3.10	0.33	-0.88	-1.05	-1.59	-4.89	-0.65	-0.12	-0.79	-1.63	-	-	-	-	-	-
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 -2.14%	1Yr Disc -5.67%	3Yr Disc -4.67%	5Yr Disc -3.64%	Rel Disc Range (3yr) 62.03%
Mkt Yield 10.37%	Lev Adj NAV Yield 8.25%	After Tax Yield* 8.84%	Est Tax Friction* 1.53%	3Yr NAV Volatiliy 12.26
1 Yr RoC 44.61%	3 Yr Dest RoC 28.66%	Leverage 25.48%	Non Lev Exp Ratio 1.91%	Beta (2yr) 0.65
Equity Exposure 42.63%	Bond Exposure 54.65%	# Holdings 85	Cash Weighted Duration 1.54
Comp NAV TR 2.49%	Comp Discount 1.12%	Net Assets (M) 1,231	Liquidity - 90d (K) 5,357
* 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

85 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
NMAI	Nuv Multi-Asset Incm Fd	Nuveen	1.03	-7.75	12.76	72.80	24.61	474	1,558
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	1.01	-10.74	10.70	19.88	25.78	345	1,101
AIO	Virtus AI & Tech Opp Fd	Virtus	1.01	-1.27	8.24	28.83	14.68	760	1,999
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	1.01	-2.55	7.14	65.63	29.77	2,835	3,255
DMA	Destra Multi-Alt Fd	Destra	1.01	-24.65	7.30	N/A	14.52	103	268
ZTR	Virtus Tot Rtn Fd	Virtus	2.02	-11.30	9.68	94.69	28.56	431	1,617
FOF	C&S CE Opp Fd	Cohen&Steers	1.01	5.79	8.04	63.94	0.00	339	588
BCAT	BR Cap Alloc Trm Tr	BlackRock	1.01	-5.03	20.97	80.61	0.00	1,813	6,455
CGO	Calamos Glbl Tot Rtn Fd	Calamos	1.02	-1.48	8.01	33.33	34.39	119	297
GUG	Gghm Active Alloc Fd	Guggenheim Funds	1.01	-3.51	8.64	35.47	26.52	564	1,402
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	1.00	-9.04	7.10	15.68	0.00	621	1,292
GLV	Clough Glbl Div & Incm Fd	Clough	1.01	-12.78	10.75	92.00	30.11	84	299
CHW	Calamos Glbl Dyn Incm Fd	Calamos	1.01	-10.20	8.42	35.83	34.25	507	1,335
RIV	RiverNorth Opp Fd	RiverNorth	1.01	0.55	12.01	82.69	33.08	275	1,265
SCD	LMP Cap & Incm Fd	Franklin Templeton	1.03	1.25	7.60	26.59	19.06	302	780
GLO	Clough Glbl Opp Fd	Clough	1.01	-12.64	10.55	99.90	29.98	268	943
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	1.02	-3.35	20.22	86.99	0.00	1,840	5,176
DSL	DbLin Incm Solutions Fd	Doubleline	0.86	1.33	10.15	9.70	22.36	1,355	4,919
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.86	1.75	9.80	38.22	34.94	578	1,792
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.86	-4.26	8.96	33.36	35.62	1,096	3,154
DBL	DbLin Opportunistic Cr Fd	Doubleline	0.86	1.28	8.32	31.89	12.21	276	814
BRW	Saba Cap Incm & Opp Fd	Saba Capital	0.85	-8.24	13.67	62.14	14.99	346	1,139
PAXS	PIMCO Access Incm Fd	PIMCO	0.90	9.85	10.44	16.01	41.11	690	3,307
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.87	31.48	13.77	55.97	18.38	1,818	12,557
PHK	PIMCO Hi Incm Fd	PIMCO	0.88	6.72	11.34	12.68	12.64	767	2,929
PCF	Hi Incm Sec Fd	Hi Incm Sec Fd	0.86	-5.55	10.96	19.42	0.00	212	1,269
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.87	5.24	11.29	14.50	14.20	640	2,254
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.86	-1.48	6.96	0.00	14.87	989	2,533
HFRO	Highland Opp & Incm Fd	NexPoint	0.86	-52.78	7.55	13.35	14.90	857	1,445
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.88	7.12	10.73	17.21	39.36	1,582	7,640
RA	Brkf Real Ast Incm Fd	Brookfield	0.86	-9.46	10.35	31.30	19.65	835	3,591
NPCT	Nuv Core Plus Impact Fd	Nuveen	0.87	-5.07	12.11	54.41	33.98	357	1,891
PFL	PIMCO Incm Stgy Fd	PIMCO	0.87	4.62	11.34	17.19	17.35	344	1,201
WDI	WA Divr Incm Fd	Franklin Templeton	0.87	-0.25	11.37	0.00	31.38	814	3,403
PDI	PIMCO Dyn Incm Fd	PIMCO	0.88	16.92	12.98	22.68	36.01	5,713	32,895
FINS	Angel Oak Fin Stgs Incm Trm Tr	Angel Oak	0.86	-5.36	9.87	45.38	28.30	351	645
BHK	BR Core Bnd Tr	BlackRock	0.86	8.88	7.45	36.95	34.06	597	1,910
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.01	7.56	16.97	64.04	0.00	1,738	11,247
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.00	18.04	15.46	59.39	0.00	778	5,714
DNP	DNP Sel Incm Fd	Virtus	1.00	9.21	7.83	22.36	26.18	3,338	6,265
BST	BR Sci & Tech Tr	BlackRock	1.00	-5.92	8.55	19.43	0.00	1,295	5,090
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.01	-9.39	13.30	68.41	0.00	1,581	4,492
DPG	D&P Util & Infra Fd	Virtus	1.00	-9.58	7.17	95.31	26.21	494	1,484
THQ	abrdn Health Opp Fd	abrdn	1.00	-2.95	9.80	59.45	19.90	939	2,777
HQH	abrdn Health Invstr	abrdn	1.00	-8.21	12.72	53.28	0.00	1,054	3,160
HQL	abrdn Life Sci Invstr	abrdn	1.00	-8.03	13.07	40.17	0.00	458	1,423
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.01	-10.37	9.32	100.00	0.00	1,132	2,888
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	1.02	1.17	8.29	89.33	11.00	662	1,598
BTO	JH Fin Opp Fd	John Hancock	0.98	1.23	8.08	22.90	16.41	627	1,921
EOS	EV Enh Eq Incm Fd II	Eaton Vance	1.00	-4.05	8.47	35.15	0.00	1,176	1,944
IAE	Voya AP Hi Div Eq Incm Fd	Voya	1.00	-11.20	11.44	83.21	0.00	84	218
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	1.01	-7.94	10.03	25.00	26.00	845	1,707
FAX	abrdn Asia-Pacific Incm Fd	abrdn	1.61	-5.52	11.35	37.27	29.95	762	2,755
BKT	BR Incm Tr	BlackRock	1.61	-1.66	8.49	58.45	21.78	270	791
PCN	PIMCO Corp & Incm Stgy Fd	PIMCO	1.62	18.70	9.49	16.46	11.49	717	3,019
OPP	RiverNorth DbLin Stgc Opp Fd	RiverNorth	1.61	-5.30	13.21	46.99	34.81	221	965
EVV	EV Ltd Dur Incm Fd	Eaton Vance	1.60	-3.34	9.31	33.94	40.30	1,254	3,959
PTY	PIMCO Corp & Incm Opp Fd	PIMCO	1.63	22.81	9.88	17.87	17.47	1,968	8,909
VVR	Invsc Sr Incm Tr	Invesco	1.60	1.25	12.77	14.51	32.98	611	3,147
FSCO	FS Cr Opp Corp	FS/KKR	1.63	-10.80	11.18	0.00	32.48	1,432	4,843
DHY	CS Hi Yld Bnd Fd	Credit Suisse	1.57	-1.34	8.42	0.69	25.80	232	1,340
EDD	MS Emrg Mkt Dom Dbt	Morgan Stanley	1.61	-7.66	10.67	0.00	6.25	353	1,454
ARCC	Ares Capital Corp	Ares	1.14	6.27	9.21	0.00	49.67	12,362	69,471
OBDC	Blue Owl Cap Corp	Blue Owl	1.14	-5.79	10.23	0.00	53.47	5,994	29,170
BXSL	Blackstone Secur Lending Fd	Blackstone	1.15	7.76	10.51	0.00	51.69	5,464	28,833
FSK	FS KKR Capital Corp	FS/KKR	1.20	-17.12	12.90	0.00	52.98	6,708	24,274
GBDC	Golub Capital BDC	Golub Capital	1.14	-2.09	10.40	0.00	51.17	4,054	22,573
HTGC	Hercules Capital	Hercules	1.14	71.04	8.18	0.00	47.58	1,856	20,003
PSEC	Prospect Capital Corp	Prospect Capital	1.13	-39.70	13.66	0.00	51.17	3,749	14,501
OCSL	Oaktree Splty Lending	Oaktree Capital	1.15	-10.06	13.45	0.00	51.09	1,496	13,135
PFLT	PennantPark Flt Rt Cap	PennantPark	1.15	1.59	10.68	0.00	51.02	833	9,621
GSBD	Goldman Sachs BDC	Goldman Sachs	1.14	0.07	13.16	0.00	53.55	1,598	8,806
KYN	KA Nrg Infra Fd	Kayne Anderson	1.18	-10.30	8.48	5.89	22.03	2,134	4,812
NML	NB Nrg Infra & Incm Fd	Neuberger Berman	1.16	-9.29	8.44	76.67	17.07	518	1,644
TYG	Tortoise Nrg Infra Corp	Tortoise	1.18	-10.58	7.72	66.61	20.20	486	1,373
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	1.15	-12.45	9.42	0.00	29.34	873	1,250
SRV	NXG Cushing Midstream Nrg Fd	Cushing	1.17	5.05	11.81	97.04	29.23	131	814
JRI	Nuv Rel-Ast Incm & Gwth Fd	Nuveen	3.03	-7.85	11.97	46.18	28.11	398	2,178
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	2.98	2.89	11.25	53.78	28.77	871	4,576
NRO	NB Rel-Est Sec Incm Fd	Neuberger Berman	3.05	2.24	9.13	58.33	23.38	190	540
FPF	FT Imd Dur Pref & Incm Fd	First Trust	1.37	-2.31	8.47	24.28	37.63	1,213	3,505
PDT	JH Prm Div Fd	John Hancock	1.41	-2.10	7.32	28.37	36.47	679	1,436
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	1.38	-1.71	7.21	8.62	33.69	645	1,851
FLC	F&C Tot Rtn Fd	Flaherty & Crumrine	1.39	-7.00	6.29	0.00	37.70	196	528
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	1.40	-7.64	10.53	6.61	36.49	499	1,840

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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