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10. Taxable Bond CEF Index

Data as of 04/30/2025 04/30/2025 03/31/2025 02/28/2025 01/31/2025 12/31/2024 11/29/2024 10/31/2024 09/30/2024 08/30/2024 07/31/2024 06/28/2024 05/31/2024 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	2,170.94	0.74	2.71	-1.65	-1.29	0.79	11.16	6.48	8.40	5.41	-1.65	-1.65	0.25
NAV	2,179.81	0.30	1.39	-0.20	-0.11	2.11	9.09	5.17	7.28	4.74	-0.20	-0.20	0.83
Difference		-0.44	-1.32	1.45	1.18	1.32	-2.07	-1.32	-1.12	-0.67	1.45	1.45	0.58
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,459.06

2025 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2025
Price	2.68	0.69	-1.42	1.93	-1.65	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	1.52	0.71	-1.19	1.02	-0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-1.16	0.01	0.23	-0.90	1.45	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2024 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2024
Price	2.97	1.35	1.92	6.37	-2.03	3.00	1.31	2.24	8.75	3.24	1.98	2.70	8.12	-1.71	1.93	-1.91	-1.73	6.26	15.56
NAV	0.97	0.68	1.49	3.17	-1.09	1.79	0.52	1.21	4.42	1.81	1.55	1.82	5.27	-0.51	1.75	-0.78	0.44	5.74	10.41
Difference	-2.00	-0.67	-0.43	-3.20	0.94	-1.21	-0.79	-1.03	-4.33	-1.43	-0.43	-0.88	-2.85	1.20	-0.18	1.12	2.17	-0.52	-5.15
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	9.32	-1.91	-4.01	2.94	1.32	-1.95	3.59	2.91	5.94	3.07	-1.26	-2.59	-0.87	-3.47	7.72	4.02	8.16	7.22	13.59
NAV	5.61	-1.70	-1.44	2.32	1.02	-1.04	2.13	2.09	4.46	2.19	-0.23	-1.26	0.67	-1.91	5.02	4.00	7.13	7.85	12.66
Difference	-3.72	0.21	2.57	-0.62	-0.30	0.91	-1.46	-0.82	-1.48	-0.88	1.02	1.34	1.54	1.56	-2.70	-0.02	-1.03	0.63	-0.93
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-4.13	-3.83	-0.43	-8.20	-5.14	-1.66	-5.83	-12.15	-19.35	6.51	-1.37	-10.09	-5.55	2.98	6.44	-4.27	4.93	-0.89	-20.07
NAV	-1.88	-2.14	-0.74	-4.69	-3.81	-1.86	-6.55	-11.78	-15.92	4.85	-0.69	-6.07	-2.19	0.88	3.48	-0.93	3.41	1.15	-14.95
Difference	2.25	1.69	-0.31	3.51	1.33	-0.20	-0.72	0.37	3.43	-1.65	0.67	4.03	3.36	-2.11	-2.96	3.34	-1.52	2.04	5.12
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	0.73	1.71	2.31	4.82	2.66	1.38	2.06	6.22	11.33	0.10	1.33	-1.82	-0.41	2.04	-2.20	0.73	0.53	0.12	11.46
NAV	1.14	0.47	-0.16	1.46	1.86	0.70	1.15	3.75	5.26	0.41	0.81	-0.30	0.93	0.29	-1.48	1.13	-0.08	0.85	6.16
Difference	0.42	-1.23	-2.47	-3.36	-0.80	-0.68	-0.91	-2.47	-6.07	0.31	-0.51	1.52	1.34	-1.75	0.71	0.40	-0.61	0.73	-5.30
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	1.95	-6.91	-19.49	-23.59	7.20	5.68	1.78	15.29	-11.90	4.38	2.26	-1.42	5.22	-0.94	9.13	3.29	11.66	17.49	3.50
NAV	1.27	-2.03	-18.68	-19.32	5.67	5.21	2.87	14.36	-7.74	4.18	2.44	-0.52	6.18	0.37	5.77	2.64	8.97	15.70	6.75
Difference	-0.69	4.89	0.80	4.27	-1.53	-0.47	1.10	-0.93	4.17	-0.19	0.18	0.90	0.96	1.31	-3.35	-0.65	-2.69	-1.79	3.25
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	9.04	2.43	1.00	12.81	1.95	-1.18	3.44	4.21	17.56	1.98	-1.44	1.57	2.09	0.55	0.44	2.55	3.56	5.72	24.29
NAV	4.98	1.62	0.89	7.63	1.67	-0.54	2.18	3.32	11.20	0.99	-0.35	0.35	0.99	0.29	0.39	2.17	2.87	3.89	15.53
Difference	-4.05	-0.82	-0.11	-5.18	-0.28	0.64	-1.26	-0.89	-6.36	-0.99	1.09	-1.21	-1.10	-0.25	-0.04	-0.38	-0.69	-1.83	-8.76
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	-0.97	-0.80	0.61	-1.17	0.54	0.31	0.28	1.13	-0.05	1.31	0.99	-0.69	1.61	-4.79	-0.48	-3.89	-8.94	-7.47	-7.52
NAV	1.09	-0.89	-0.17	0.02	0.17	0.04	0.00	0.21	0.23	1.27	0.26	0.42	1.96	-1.86	-1.08	-2.78	-5.62	-3.77	-3.55
Difference	2.07	-0.09	-0.78	1.19	-0.37	-0.27	-0.28	-0.92	0.28	-0.04	-0.72	1.11	0.35	2.93	-0.61	1.11	3.32	3.70	3.97
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	3.61	1.98	-0.22	5.44	2.49	1.31	0.36	4.21	9.87	1.96	-0.36	1.09	2.70	-0.23	-1.46	1.48	-0.24	2.46	12.57
NAV	2.17	1.66	0.19	4.06	1.35	1.06	0.51	2.94	7.13	1.35	0.29	0.70	2.36	0.59	0.06	0.49	1.15	3.54	10.92
Difference	-1.45	-0.32	0.41	-1.37	-1.14	-0.25	0.15	-1.27	-2.75	-0.60	0.65	-0.39	-0.34	0.83	1.52	-0.99	1.39	1.08	-1.65
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	-1.91	0.20	7.05	5.22	3.02	1.02	2.28	6.44	11.99	4.15	1.75	-0.27	5.69	-1.80	-1.16	2.76	-0.26	5.42	18.06
NAV	-1.65	-0.66	4.16	1.77	2.80	0.88	1.57	5.33	7.19	2.76	1.59	0.98	5.42	0.23	-1.25	1.62	0.59	6.04	13.66
Difference	0.27	-0.86	-2.89	-3.44	-0.22	-0.14	-0.71	-1.11	-4.80	-1.39	-0.16	1.24	-0.27	2.03	-0.09	-1.14	0.84	0.62	-4.39
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	2.01	2.03	-0.80	3.25	1.71	-1.10	-4.11	-3.55	-0.41	-1.28	-2.45	-2.18	-5.80	5.02	-1.82	-0.57	2.52	-3.42	-3.82
NAV	0.97	1.83	0.01	2.83	1.23	0.21	-1.31	0.11	2.94	-0.12	-1.78	-2.06	-3.93	2.14	-0.95	-2.44	-1.30	-5.17	-2.38
Difference	-1.04	-0.20	0.81	-0.42	-0.48	1.30	2.80	3.65	3.35	1.16	0.67	0.11	1.87	-2.88	0.87	-1.87	-3.82	-1.75	1.44
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	1.72	2.80	0.33	4.92	2.02	1.52	1.24	4.86	10.01	-2.59	1.91	-2.84	-3.56	1.21	0.27	-2.85	-1.42	-4.92	4.60
NAV	1.64	1.93	0.78	4.41	1.12	1.60	0.90	3.67	8.24	-0.47	1.21	-1.72	-1.00	0.70	0.04	-2.29	-1.57	-2.56	5.47
Difference	-0.08	-0.87	0.45	-0.51	-0.90	0.08	-0.34	-1.19	-1.77	2.12	-0.70	1.13	2.55	-0.51	-0.23	0.56	-0.15	2.37	0.87
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	4.25	0.74	0.54	5.59	1.79	-4.39	-2.77	-5.37	-0.09	-1.15	-2.49	1.86	-1.82	2.30	-1.77	1.02	1.51	-0.33	-0.41
NAV	2.24	0.57	0.91	3.76	1.92	-0.83	-3.21	-2.17	1.51	1.30	-1.10	1.37	1.56	2.15	0.19	-0.22	2.12	3.71	5.28
Difference	-2.01	-0.16	0.37	-1.83	0.13	3.56	-0.44	3.20	1.59	2.46	1.39	-0.49	3.38	-0.16	1.96	-1.24	0.60	4.04	5.69
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	5.46	2.33	-0.57	7.30	1.34	-1.34	2.49	2.47	9.95	3.61	2.16	1.67	7.61	-0.74	-0.34	-0.13	-1.20	6.32	16.90
NAV	3.82	2.61	0.18	6.72	1.03	-1.49	1.89	1.41	8.22	2.70	1.66	1.97	6.46	1.18	0.64	0.94	2.79	9.44	18.43
Difference	-1.64	0.28	0.75	-0.58	-0.31	-0.15	-0.60	-1.07	-1.73	-0.91	-0.49	0.30	-1.15	1.92	0.98	1.07	4.00	3.12	1.53

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -2.02%	1Yr Disc -1.23%	3Yr Disc -3.91%	5Yr Disc -3.23%	Rel Disc Range (3yr) 59.47%
Mkt Yield 11.12%	Lev Adj NAV Yield 8.60%	After Tax Yield* 8.90%	Est Tax Friction* 2.22%	3Yr NAV Volatiliy 8.27
1 Yr RoC 27.67%	3 Yr Dest RoC 19.29%	Leverage 28.18%	Non Lev Exp Ratio 1.76%	Beta (2yr) 0.48
Equity Exposure 9.46%	Bond Exposure 86.99%	# Holdings 105	Cash Weighted Duration 3.94
Comp NAV TR 0.12%	Comp Discount 0.40%	Net Assets (M) 613	Liquidity - 90d (K) 3,141
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

105 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.94	-5.71	16.58	39.80	29.04	747	3,921
ACV	Virtus Divr Incm & Convt Fd	Virtus	1.00	-1.92	10.58	67.31	32.66	216	762
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.94	-3.67	9.90	0.00	38.62	324	1,647
AVK	Advent Convt & Incm Fd	Guggenheim Funds	0.94	-4.06	12.65	70.66	40.74	512	1,725
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.96	-4.50	7.41	0.00	17.84	958	2,612
BBN	BR Taxable Muni BndTr	BlackRock	0.95	-5.28	6.84	17.00	32.59	1,064	2,401
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.95	-4.92	9.07	0.00	37.27	553	2,408
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.92	-6.60	10.26	0.00	29.29	307	1,301
BGT	BR Flt Rt Incm Fd	BlackRock	0.97	1.82	11.73	26.81	18.95	326	1,617
BGX	Blackstone Lng-Srt Cr Incm Fd	Blackstone	0.96	-5.69	8.52	0.00	32.43	163	879
BHK	BR Core Bnd Tr	BlackRock	0.95	2.44	8.52	33.55	38.56	556	1,370
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.95	-0.85	10.56	34.15	34.69	593	2,587
BKT	BR Incm Tr	BlackRock	0.96	-2.58	9.04	55.95	18.37	292	925
BLW	BR Ltd Dur Incm Tr	BlackRock	0.96	0.87	9.82	18.57	38.75	523	1,742
BRW	Saba Cap Incm & Opp Fd	Saba Capital	0.97	-5.07	13.28	6.34	16.35	344	1,324
BSL	Blackstone Sr Flt Rt 2027 Trm Fd	Blackstone	0.97	-1.12	8.26	0.00	32.23	186	798
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.96	-4.59	9.51	30.76	34.51	1,036	3,081
BWG	BwGlobal Glbl Incm Opp Fd	Franklin Templeton	0.95	-9.07	11.82	38.83	40.12	150	589
CCD	Calamos Dyn Convt & Incm Fd	Calamos	0.99	22.51	10.88	34.78	38.95	474	1,412
CCIF	Carlyle Cr Incm Fd	Carlyle Glbl Cr Inv Mgmt	0.99	-3.01	18.61	0.00	31.57	127	1,187
CHI	Calamos Convt Opp & Incm	Calamos	1.03	7.95	11.34	38.41	38.28	720	2,819
CHY	Calamos Convt & Hi Incm Fd	Calamos	0.98	2.85	11.86	39.16	38.43	776	2,826
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	0.94	-3.11	9.64	0.00	27.65	158	1,972
DBL	DbLin Opportunistic Cr Fd	Doubleline	0.97	1.70	8.49	27.65	15.41	278	921
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.95	-8.49	7.14	0.00	38.60	443	1,169
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.94	-9.63	8.61	0.00	26.70	196	983
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.93	-4.69	9.16	0.00	28.07	221	975
DLY	DbLin Yld Opp Fd	Doubleline	0.92	-2.62	9.21	4.01	15.80	752	2,562
DMO	WA Mortg Opp Fd	Franklin Templeton	0.97	-1.18	13.32	15.46	46.07	135	791
DSL	DbLin Incm Solutions Fd	Doubleline	0.94	0.08	10.95	13.71	21.17	1,326	6,066
DSU	BR Dbt Stgs Fd	BlackRock	0.97	0.29	11.50	26.32	15.43	559	2,787
EAD	Allspring Incm Opp Fd	Allspring	0.96	-6.00	9.54	0.00	30.30	424	1,387
ECC	Eagle Point Cr Co	Eagle Point	0.95	7.47	21.62	4.10	36.93	869	11,307
EDD	MS Emrg Mkt Dom Dbt	Morgan Stanley	1.03	-8.37	13.28	0.00	17.15	339	1,234
EDF	Virtus SH Emrg Mkt Incm Fd	Virtus	0.95	6.96	14.63	30.42	24.23	135	702
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.95	-3.24	9.15	5.34	35.50	362	1,333
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.95	-3.26	9.27	0.00	36.70	333	1,256
EHI	WA Glbl Hi Incm Fd	Franklin Templeton	0.95	-3.46	13.10	35.79	31.12	201	511
EIC	Eagle Point Incm Co	Eagle Point	0.92	-1.06	17.14	0.00	26.79	360	3,812
EMD	WA Emrg Mkt Dbt Fd	Franklin Templeton	0.93	-9.01	11.50	27.47	24.31	600	2,189
ERC	Allspring Mlt-Sctr Incm Fd	Allspring	0.97	-5.74	9.45	0.00	30.30	274	887
EVV	EV Ltd Dur Incm Fd	Eaton Vance	0.97	-4.63	8.80	25.74	40.80	1,205	2,735
FAX	abrdn Asia-Pacific Incm Fd	abrdn	0.97	-7.08	12.78	45.77	38.90	688	2,251
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.96	-5.51	11.71	14.14	10.12	273	1,029
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.93	-8.69	7.40	0.00	38.60	804	1,859
FINS	Angel Oak Fin Stgs Incm Trm Tr	Angel Oak	0.96	-8.63	9.89	43.87	26.40	363	618
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.94	-5.12	9.36	26.98	34.91	1,130	2,299
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.95	0.73	11.91	25.50	24.00	438	1,935
FSCO	FS Cr Opp Corp	FS/KKR	0.97	-3.60	11.12	0.00	37.49	1,432	7,014
FTF	FrkTmp Ltd Dur Incm Tr	Franklin Templeton	0.95	-5.97	11.71	0.00	32.47	271	1,221
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.96	-4.70	10.56	22.64	19.13	548	1,341
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	0.97	2.26	9.79	44.02	26.05	405	1,502
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.91	-2.41	10.04	29.61	20.63	526	2,710
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.91	27.96	15.11	57.04	18.09	1,904	17,593
HFRO	Highland Opp & Incm Fd	NexPoint	0.96	-57.38	8.99	0.00	15.84	667	1,544
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.94	-3.77	11.12	24.24	0.00	378	2,137
HIX	WA Hi Incm Fd II	Franklin Templeton	0.96	-4.23	14.41	33.64	32.82	384	1,960
HPF	JH Pref Incm Fd II	John Hancock	0.93	3.92	9.33	18.50	37.84	330	574
HPI	JH Pref Incm Fd	John Hancock	0.94	3.11	9.32	13.20	37.72	409	711
HPS	JH Pref Incm Fd III	John Hancock	0.94	5.17	9.13	18.20	37.72	438	879
HYT	BR Corp Hi Yld Fd	BlackRock	0.97	1.38	9.79	21.07	21.14	1,483	7,939
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.94	-0.22	9.20	28.02	18.93	456	1,547
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.95	-5.65	12.47	8.58	35.01	1,396	8,880
JGH	Nuv Glbl Hi Incm Fd	Nuveen	0.93	-6.06	10.02	8.24	28.78	306	714
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.95	0.00	10.30	9.10	38.20	2,497	8,535
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.96	-6.56	12.30	14.76	38.92	765	5,903
KIO	KKR Incm Opp Fd	KKR Credit	0.94	-5.50	12.30	0.00	35.15	521	3,091
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.95	-6.75	7.96	4.26	33.00	616	1,526
MCI	Barings Corp Invstr	Barings	0.85	18.87	7.79	0.00	11.77	485	1,020
MCR	MFS Charter Incm Tr	MFS	0.96	-7.08	8.71	43.58	25.00	277	466
MPV	Barings Partcp Invstr	Barings	0.94	7.37	8.68	0.00	12.39	235	598
MSD	MS Emrg Mkt Dbt Fd	Morgan Stanley	0.95	3.38	11.50	0.00	0.00	150	659
NBB	Nuv Taxable Muni Incm Fd	Nuveen	0.96	-3.08	7.37	9.24	41.02	477	972
NCV	Virtus Convt & Incm Fd	Virtus	0.98	-9.55	12.58	98.04	38.06	324	1,575
NCZ	Virtus Convt & Incm Fd II	Virtus	0.98	-9.61	12.45	98.06	38.94	244	1,035
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	0.99	3.36	14.12	47.84	23.50	223	1,295
NPCT	Nuv Core Plus Impact Fd	Nuveen	0.94	-8.04	13.88	59.89	35.42	322	1,619
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.97	-4.13	10.81	28.05	37.40	469	1,241
OCCI	OFS Credit Company	OFS Capital	1.07	0.76	20.69	0.00	37.45	155	2,574
OPP	RiverNorth DbLin Stgc Opp Fd	RiverNorth	0.95	-7.11	13.64	30.86	36.30	214	851
OXLC	Oxford Lane Cap Corp	Oxford Lane	0.97	-0.85	23.23	0.00	24.54	1,008	35,267
PAXS	PIMCO Access Incm Fd	PIMCO	0.94	2.13	11.67	10.02	38.49	683	3,263
PCF	Hi Incm Sec Fd	Hi Incm Sec Fd	0.92	-8.33	11.35	37.03	0.00	201	466
PCN	PIMCO Corp & Incm Stgy Fd	PIMCO	0.91	9.61	10.57	13.10	0.75	756	3,397
PDI	PIMCO Dyn Incm Fd	PIMCO	0.91	10.72	14.32	24.40	32.41	6,270	49,995
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.95	5.53	11.34	9.12	34.18	1,660	9,167
PDT	JH Prm Div Fd	John Hancock	0.94	-5.32	7.83	7.76	35.49	657	1,505
PFL	PIMCO Incm Stgy Fd	PIMCO	0.94	4.80	11.78	21.54	10.91	353	1,419
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.94	4.00	11.84	12.02	8.21	651	2,661
PHD	Pioneer Flt Rt Fd	Amundi Asset Mgmt	0.96	-5.75	9.64	3.26	32.00	123	620
PHK	PIMCO Hi Incm Fd	PIMCO	0.95	4.16	12.10	12.10	7.61	782	3,896
PPT	Putnam Prmr Incm Tr	Putnam	0.98	-4.49	8.62	26.62	0.00	362	727
PSF	C&S Sel Pref & Incm Fd	Cohen&Steers	0.95	-6.74	7.80	6.16	33.00	250	593
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.94	-6.26	8.59	17.88	35.00	1,104	2,283
PTY	PIMCO Corp & Incm Opp Fd	PIMCO	0.93	18.99	10.39	15.00	9.77	2,121	11,845
RA	Brkf Real Ast Incm Fd	Brookfield	0.96	-9.76	10.93	18.50	24.28	793	2,592
RCS	PIMCO Stgc Incm Fd	PIMCO	0.89	29.09	8.45	4.68	30.82	205	883
SABA	Saba Cap Incm & Opp Fd II	Saba Capital	0.98	-8.29	7.96	54.82	47.56	268	704
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.95	-7.71	8.07	27.85	19.10	429	1,278
SPMC	Sound Point Meridian Cap	Sound Point Meridian Mgmt Co	0.93	1.07	15.81	0.00	18.60	387	619
TEI	Tmp Emrg Mkt Incm Fd	Franklin Templeton	0.98	-7.35	10.52	0.00	19.31	276	1,055
VVR	Invsc Sr Incm Tr	Invesco	0.94	-2.43	12.63	18.61	34.36	567	3,507
WDI	WA Divr Incm Fd	Franklin Templeton	0.95	-2.83	12.65	0.00	32.30	751	2,798
WIW	WA Inf-Lnk Opp & Incm Fd	Franklin Templeton	0.96	-11.37	8.67	0.00	30.23	597	1,850
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.94	-1.05	16.38	0.00	39.60	432	3,074

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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