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07. All Municipal Bond Index

Data as of 08/08/2025 07/31/2025 06/30/2025 05/30/2025 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	1,001.50	0.00	0.52	-0.26	-0.19	-3.29	-2.05	-0.12	-1.23	2.42	1.37	0.31	0.15
NAV	958.41	0.00	0.26	-0.45	-1.11	-5.08	-4.72	-0.17	-1.50	1.91	1.08	-0.36	-4.16
Difference		0.00	-0.26	-0.19	-0.91	-1.79	-2.67	-0.05	-0.27	-0.51	-0.29	-0.67	-4.31
* Periods greater than 1 Year are annualized.      ** On Inception Date (Dec. 30, 2016), Index Price was $1,000 and NAV was $831.25

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	2.18	2.30	-2.87	1.53	-2.09	-0.44	0.89	-1.66	-0.16	-1.05	-	-	-	-	-	-	-	-	-
NAV	0.01	1.41	-2.99	-1.61	-1.82	-1.08	0.66	-2.24	-3.81	-1.43	-	-	-	-	-	-	-	-	-
Difference	-2.17	-0.89	-0.12	-3.13	0.27	-0.63	-0.23	-0.59	-3.66	-0.37	-	-	-	-	-	-	-	-	-
2024 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2024
Price	1.09	0.71	1.15	2.98	-2.94	1.88	3.77	2.61	5.66	1.77	1.76	2.81	6.48	-2.91	2.13	-4.72	-5.52	0.59	6.29
NAV	-0.42	0.20	0.08	-0.14	-1.90	0.28	2.41	0.75	0.60	1.10	0.78	1.40	3.32	-2.13	2.44	-2.26	-2.00	1.25	1.86
Difference	-1.51	-0.51	-1.08	-3.12	1.04	-1.60	-1.36	-1.86	-5.06	-0.67	-0.99	-1.41	-3.16	0.78	0.32	2.46	3.52	0.65	-4.43
2023 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2023
Price	5.80	-4.90	1.94	2.55	-0.69	-2.42	1.85	-1.30	1.22	1.55	-4.08	-7.00	-9.40	-3.27	12.45	4.31	13.47	2.80	4.06
NAV	4.93	-3.85	2.58	3.49	-0.02	-1.18	1.66	0.43	3.94	0.31	-2.48	-5.13	-7.20	-3.01	11.20	4.09	12.27	4.18	8.28
Difference	-0.87	1.06	0.64	0.93	0.67	1.23	-0.19	1.73	2.71	-1.25	1.59	1.87	2.20	0.25	-1.25	-0.22	-1.20	1.38	4.22
2022 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2022
Price	-7.78	-2.28	-4.59	-14.01	-6.70	4.14	-4.44	-7.16	-20.17	5.15	-3.44	-10.09	-8.72	-3.09	11.12	-2.77	4.70	-4.43	-23.70
NAV	-4.24	-0.98	-5.07	-9.99	-5.12	1.88	-4.14	-7.34	-16.59	4.53	-3.77	-7.32	-6.78	-2.34	8.55	-0.36	5.64	-1.52	-17.87
Difference	3.54	1.29	-0.48	4.03	1.58	-2.26	0.30	-0.18	3.58	-0.62	-0.33	2.78	1.94	0.75	-2.56	2.41	0.94	2.90	5.84
2021 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2021
Price	0.81	-1.69	2.10	1.18	1.99	2.36	1.62	6.09	7.35	1.26	0.39	-2.55	-0.94	-1.08	1.48	0.82	1.21	0.26	7.63
NAV	1.29	-2.25	0.96	-0.04	1.58	0.93	0.90	3.45	3.40	1.15	-0.64	-1.23	-0.74	-0.29	1.47	0.38	1.56	0.80	4.23
Difference	0.48	-0.56	-1.14	-1.22	-0.42	-1.43	-0.72	-2.64	-3.94	-0.11	-1.03	1.32	0.19	0.79	-0.01	-0.44	0.34	0.54	-3.40
2020 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2020
Price	2.58	-1.51	-8.89	-7.96	-3.39	5.89	1.82	4.16	-4.13	5.02	-0.54	-0.50	3.94	-0.95	4.83	2.44	6.36	10.54	5.98
NAV	2.62	2.28	-8.88	-4.36	-3.05	4.85	2.59	4.29	-0.26	2.77	-0.49	-0.17	2.09	-0.38	2.84	1.70	4.20	6.38	6.10
Difference	0.04	3.79	0.02	3.60	0.35	-1.05	0.77	0.12	3.87	-2.25	0.05	0.32	-1.84	0.58	-1.99	-0.73	-2.16	-4.17	0.12
2019 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2019
Price	5.22	1.93	2.36	9.77	0.81	2.08	1.36	4.31	14.50	2.88	1.83	-0.76	3.96	-0.25	0.38	1.11	1.23	5.24	20.51
NAV	0.59	0.79	2.48	3.90	0.58	2.07	0.52	3.20	7.22	0.97	2.58	-1.00	2.54	-0.03	0.23	0.52	0.72	3.28	10.74
Difference	-4.62	-1.14	0.12	-5.87	-0.23	-0.01	-0.84	-1.11	-7.28	-1.91	0.76	-0.24	-1.43	0.23	-0.15	-0.59	-0.51	-1.96	-9.77
2018 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2018
Price	-4.25	-1.06	-0.40	-5.65	-0.36	1.93	0.14	1.71	-4.03	0.29	0.98	-2.52	-1.28	-3.52	2.74	-0.08	-0.95	-2.22	-6.16
NAV	-1.59	-0.65	0.56	-1.68	-0.54	1.63	0.14	1.23	-0.48	0.20	0.20	-0.88	-0.49	-1.33	1.04	1.55	1.25	0.75	0.27
Difference	2.66	0.41	0.96	3.96	-0.19	-0.30	0.00	-0.48	3.55	-0.09	-0.79	1.64	0.79	2.19	-1.70	1.63	2.20	2.97	6.43
2017 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2017
Price	2.60	0.09	-0.41	2.27	1.84	1.81	0.26	3.95	6.31	2.17	0.44	-0.61	1.98	-1.43	0.17	0.69	-0.58	1.40	7.79
NAV	0.49	1.06	0.33	1.90	0.95	2.05	-0.15	2.86	4.81	0.83	1.22	-0.34	1.71	0.16	-0.34	1.62	1.44	3.18	8.14
Difference	-2.11	0.97	0.75	-0.37	-0.89	0.24	-0.41	-1.09	-1.50	-1.33	0.78	0.27	-0.27	1.59	-0.51	0.92	2.02	1.78	0.35
2016 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2016
Price	1.95	1.27	2.28	5.59	2.28	-0.16	4.29	6.49	12.44	0.38	-0.78	-0.72	-1.11	-5.96	-5.20	1.77	-9.27	-10.28	0.88
NAV	1.24	0.12	1.04	2.42	1.24	0.78	2.53	4.62	7.15	-0.07	0.40	-0.70	-0.37	-1.58	-5.67	1.56	-5.71	-6.06	0.66
Difference	-0.71	-1.14	-1.23	-3.17	-1.04	0.94	-1.75	-1.87	-5.29	-0.45	1.17	0.02	0.74	4.39	-0.47	-0.20	3.57	4.23	-0.22
2015 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2015
Price	4.53	-2.03	0.46	2.87	0.34	-2.56	-2.61	-4.78	-2.05	1.43	0.52	1.91	3.90	2.97	0.22	2.88	6.17	10.31	8.05
NAV	2.63	-1.60	0.56	1.56	-0.93	-0.49	-0.45	-1.86	-0.34	0.90	0.49	1.02	2.44	0.77	0.86	1.53	3.19	5.70	5.35
Difference	-1.90	0.44	0.11	-1.31	-1.27	2.07	2.17	2.92	1.71	-0.52	-0.02	-0.89	-1.46	-2.20	0.64	-1.35	-2.98	-4.60	-2.70
2014 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2014
Price	5.52	1.47	0.93	8.07	2.96	2.47	-0.03	5.47	13.97	-1.31	2.25	-0.61	0.30	2.22	0.13	2.32	4.72	5.03	19.71
NAV	3.84	2.11	0.77	6.85	2.34	2.55	0.04	4.98	12.18	0.36	2.35	0.40	3.13	1.24	0.29	1.42	2.98	6.20	19.12
Difference	-1.68	0.65	-0.16	-1.21	-0.62	0.08	0.07	-0.49	-1.80	1.67	0.10	1.01	2.83	-0.98	0.16	-0.89	-1.74	1.17	-0.58
2013 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2013
Price	2.80	-0.81	-2.41	-0.50	1.57	-6.06	-3.41	-7.84	-8.30	-6.22	-2.14	3.76	-4.78	0.87	-3.39	2.31	-0.31	-5.07	-12.95
NAV	0.82	0.46	-0.82	0.45	1.79	-1.93	-6.12	-6.28	-5.86	-2.58	-3.08	4.05	-1.75	1.20	-0.34	-0.20	0.65	-1.11	-6.90
Difference	-1.98	1.27	1.60	0.95	0.22	4.13	-2.71	1.56	2.44	3.65	-0.95	0.29	3.02	0.33	3.05	-2.51	0.96	3.96	6.04
2012 - Monthly Performance (%)
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2012
Price	4.68	0.51	-2.25	2.86	2.70	1.74	1.46	6.01	9.04	3.40	-0.60	3.13	6.00	-0.44	2.76	-4.55	-2.35	3.50	12.86
NAV	4.48	0.43	-0.47	4.43	1.81	1.75	-0.06	3.53	8.12	2.85	0.45	0.99	4.33	0.71	3.12	-2.04	1.73	6.13	14.74
Difference	-0.20	-0.09	1.77	1.57	-0.88	0.01	-1.52	-2.48	-0.92	-0.55	1.05	-2.14	-1.67	1.16	0.35	2.51	4.08	2.62	1.88

Performance Chart

Discount

Characteristics

PORTFOLIO Weighted Average Data
Discount -5.28%	1Yr Disc -6.52%	3Yr Disc -8.50%	5Yr Disc -6.08%	Rel Disc Range (3yr) 63.02%
Mkt Yield 6.46%	Lev Adj NAV Yield 4.56%	After Tax Yield* 6.41%	Est Tax Friction* 0.05%	3Yr NAV Volatiliy 8.20
1 Yr RoC 28.71%	3 Yr Dest RoC 23.07%	Leverage 34.05%	Non Lev Exp Ratio 1.02%	Beta (2yr) 1.09
Equity Exposure 2.06%	Bond Exposure 97.10%	# Holdings 95	Cash Weighted Duration 12.97
Comp NAV TR 0.08%	Comp Discount -0.19%	Net Assets (M) 515	Liquidity - 90d (K) 1,286
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

95 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
NEA	Nuv AMT-Fr Qlty Muni Incm Fd	Nuveen	1.02	-3.11	8.04	39.67	42.04	3,364	10,823
NAD	Nuv Qlty Muni Incm Fd	Nuveen	1.01	-2.92	8.02	35.87	42.28	2,714	8,256
NVG	Nuv AMT-Fr Muni Cr Incm Fd	Nuveen	1.00	-3.84	8.05	33.54	42.21	2,616	5,273
NZF	Nuv Muni Cr Incm Fd	Nuveen	1.01	-1.96	7.96	26.11	41.09	2,369	5,559
NAC	Nuv CA Qlty Muni Inc Fd	Nuveen	1.02	1.89	7.78	45.19	42.92	1,609	4,766
NUV	Nuv Muni Val Fd	Nuveen	1.00	-3.03	4.51	0.00	6.88	1,849	4,071
NMZ	Nuv Muni Hi Incm Opp Fd	Nuveen	0.98	0.10	7.81	13.23	41.02	1,157	2,927
BTT	BR Muni 2030 Tgt Trm Tr	BlackRock	1.02	-8.62	2.50	0.00	35.06	1,558	2,450
NRK	Nuv NY AMT-Fr Qlty Muni Incm	Nuveen	0.97	-8.49	8.72	43.15	42.44	905	3,253
VGM	Invsc Tr fr Inv Grd Muni	Invesco	1.02	-4.28	8.06	34.71	37.00	545	2,996
VMO	Invsc Muni Opp Tr	Invesco	1.01	-5.05	8.14	33.51	38.00	654	2,180
BBN	BR Taxable Muni BndTr	BlackRock	1.02	-4.49	7.22	14.60	32.98	1,060	2,524
MUC	BR MuniHldg CA Qlty Fd	BlackRock	1.00	-8.67	6.22	17.30	40.99	1,064	2,542
MYI	BR MuniYld Qlty Fd III	BlackRock	1.01	-7.73	6.34	19.18	41.28	756	1,766
NMCO	Nuv Muni Cr Opp Fd	Nuveen	0.96	-2.02	8.05	15.77	42.28	571	1,644
MQY	BR MuniYld Qlty Fd	BlackRock	1.01	-7.15	6.30	17.43	35.68	854	1,590
NDMO	Nuv Dyn Muni Opp Fd	Nuveen	0.98	-4.20	7.59	37.44	30.58	609	1,434
NKX	Nuv CA AMT-Fr Qlty Muni Incm	Nuveen	1.01	1.55	7.73	44.43	42.88	567	1,706
PML	PIMCO Muni Incm Fd II	PIMCO	2.93	-7.35	6.60	27.71	42.37	972	1,740
IQI	Invsc Qlty Muni Incm Tr	Invesco	1.01	-4.37	8.04	29.54	35.00	521	1,639
NXP	Nuv Sel Tx-Free Incm Port	Nuveen	1.00	0.00	4.46	0.00	3.72	719	1,551
VKQ	Invsc Muni Tr	Invesco	1.01	-5.64	8.18	33.82	38.00	540	1,723
IIM	Invsc Val Muni Incm Tr	Invesco	1.00	-5.05	8.06	29.38	35.00	569	1,577
NXJ	Nuv NJ Qlty Muni Incm Fd	Nuveen	1.01	-6.74	8.21	50.87	42.84	508	1,854
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	1.03	1.99	9.84	45.09	28.12	406	1,504
EIM	EV Muni Bnd Fd	Eaton Vance	1.00	-6.41	6.32	25.83	34.60	557	1,250
MMU	WA Mgd Muni Fd	Franklin Templeton	1.01	-7.05	6.61	24.30	32.64	581	1,159
MYD	BR MuniYld Fd	BlackRock	1.01	-8.04	6.50	17.72	41.67	500	1,161
BLE	BR Muni Incm Tr II	BlackRock	1.00	-8.82	6.53	20.06	41.31	519	1,030
MUJ	BR MuniHldg NJ Qlty Fd	BlackRock	1.01	-8.98	5.92	18.99	41.25	640	1,292
VKI	Invsc Adv Muni Incm Tr II	Invesco	1.00	-4.14	8.05	32.44	39.00	386	1,143
MUA	BR MuniAst Fd	BlackRock	1.01	-3.86	6.37	17.24	32.15	418	1,082
LEO	BNY Mellon Stgc Muni	BNY Mellon	1.00	-8.95	4.68	0.00	35.16	404	954
VCV	Invsc CA Val Muni Incm Tr	Invesco	0.99	3.76	7.59	29.94	40.00	472	1,007
BFK	BR Muni Incm Tr	BlackRock	1.02	-7.90	6.20	17.76	40.83	460	896
MHD	BR MuniHldg Fd	BlackRock	1.01	-8.50	6.38	15.59	41.14	638	886
NQP	Nuv PA Qlty Muni Incm Fd	Nuveen	0.99	-7.41	8.51	55.13	42.13	442	933
BYM	BR Muni Incm Qlty Tr	BlackRock	1.01	-8.17	6.30	15.63	40.87	298	859
RFMZ	RivNth Flex Muni Incm Fd II	RiverNorth	1.01	-8.35	8.08	70.91	41.60	338	825
NBH	NB Muni Fd	Neuberger Berman	1.01	-9.01	6.63	25.74	40.77	319	961
KTF	DWS Muni Incm Tr	Deutsche	0.98	-3.13	8.43	47.26	36.49	351	928
RMM	RivNth Mgd Dur Muni Incm Fd	RiverNorth	1.03	-5.46	7.85	67.74	39.30	289	1,070
DSM	BNY Mellon Stgc Muni Bnd Fd	BNY Mellon	1.01	-7.69	4.89	0.00	35.25	302	711
BFZ	BR CA Muni Incm Tr	BlackRock	0.99	-7.99	6.68	26.43	41.83	346	908
NBB	Nuv Taxable Muni Incm Fd	Nuveen	1.02	-2.29	7.33	12.11	41.47	475	769
AFB	AB Nat Muni Incm Fd	AllianceBernstein	1.00	-8.24	4.59	0.00	42.35	325	787
MYN	BR MuniYld NY Qlty Fd	BlackRock	1.00	-8.82	6.53	22.02	41.21	395	861
MFM	MFS Muni Incm Tr	MFS	1.01	-9.97	5.59	0.00	32.08	236	842
PMO	Putnam Muni Opp Tr	Putnam	1.00	-8.83	4.81	5.78	32.70	302	649
EVN	EV Muni Incm Tr	Eaton Vance	1.04	1.73	5.80	21.52	32.40	414	808
OIA	Invsc Muni Incm Opp Tr	Invesco	0.97	-4.76	6.24	5.82	30.32	280	797
EOT	EV Nat Muni Opp Tr	Eaton Vance	1.00	-6.95	5.06	3.23	11.60	272	711
NUW	Nuv AMT-Fr Muni Val Fd	Nuveen	1.01	-5.97	4.25	0.00	3.68	262	597
NAN	Nuv NY Qlty Muni Incm Fd	Nuveen	0.99	1.55	7.77	41.64	41.66	338	688
MUE	BR MuniHldg Qlty Fd II	BlackRock	1.01	-8.91	6.44	17.67	40.62	229	658
MVF	BR MuniVest Fd	BlackRock	1.02	-7.26	6.51	16.32	41.21	411	738
PCQ	PIMCO CA Muni Incm Fd	PIMCO	2.90	-11.12	5.25	19.03	43.32	520	697
NCA	Nuv CA Muni Val Fd	Nuveen	1.00	-2.82	4.04	0.00	0.00	293	659
DMB	BNY Mellon Muni Bnd Infra Fd	BNY Mellon	1.00	-8.61	4.52	0.00	36.76	203	653
MIO	Pioneer Muni Hi Incm Opp Fd	Victory Capital	0.96	-0.96	5.30	14.23	11.11	193	860
MAV	Pioneer Muni Hi Incm Adv Fd	Victory Capital	0.98	-1.23	4.84	10.95	19.05	195	790
BKN	BR Inv Qlty Muni Tr	BlackRock	1.00	-8.09	6.33	20.44	41.20	202	494
MVT	BR MuniVest Fd II	BlackRock	0.99	-8.69	6.36	17.57	41.17	233	502
MIY	BR MuniYld MI Qlty Fd	BlackRock	1.03	-4.40	5.79	19.75	41.21	342	637
EVM	EV CA Muni Bnd Fd	Eaton Vance	1.01	-2.07	5.57	28.16	30.20	226	552
MPA	BR MuniYld PA Qlty Fd	BlackRock	1.01	-8.06	7.31	30.12	40.60	153	714
MHI	Pioneer Muni Hi Incm Fd	Victory Capital	0.98	-1.33	4.74	5.80	18.69	205	807
MQT	BR MuniYld Qlty Fd II	BlackRock	1.01	-8.60	6.39	18.60	40.83	232	442
MHN	BR MuniHldg NY Qlty Fd	BlackRock	1.00	-8.99	6.36	21.30	41.26	323	626
PMM	Putnam Mgd Muni Incm Tr	Putnam	0.98	-8.03	5.45	14.00	26.52	273	443
BNY	BR NY Muni Incm Tr	BlackRock	1.01	-8.98	6.36	22.27	41.54	255	664
SBI	WA Imd Muni Fd	Franklin Templeton	1.02	-8.51	6.61	39.37	33.47	117	440
VTN	Invsc Tr fr Inv Grd NY Muni	Invesco	1.01	0.38	7.84	36.85	33.00	153	427
VPV	Invsc PA Val Muni Incm Tr	Invesco	1.00	-4.64	7.95	39.56	37.00	189	346
NPV	Nuv VA Qlty Muni Incm Fd	Nuveen	0.99	-0.72	7.87	47.69	41.38	206	457
RMMZ	RivNth Mgd Dur Muni Incm Fd II	RiverNorth	1.01	-8.42	8.07	72.72	41.00	131	479
BTA	BR L-T Muni Adv Tr	BlackRock	0.99	-6.67	6.64	20.15	39.73	129	399
RMI	RivNth Opportunistic Muni Incm	RiverNorth	0.99	-8.14	8.04	81.07	38.90	98	324
VFL	abrdn Nat Muni Incm Fd	abrdn	1.00	-9.70	6.26	0.42	43.43	130	396
ETX	EV Muni Incm 2028 Trm Tr	Eaton Vance	1.01	-1.67	5.15	21.43	3.20	202	417
CEV	EV CA Muni Incm Tr	Eaton Vance	0.99	-9.67	6.30	26.83	29.20	74	338
MHF	WA Muni Hi Incm Fd	Franklin Templeton	0.99	0.59	5.96	24.43	1.79	148	448
BMN	BR 2037 Muni Tgt Trm Tr	BlackRock	0.99	-3.01	4.66	0.88	25.21	153	257
RFM	RivNth Flex Muni Incm Fd	RiverNorth	1.00	-8.06	8.03	73.34	39.90	93	327
NNY	Nuv NY Muni Val Fd	Nuveen	1.01	-5.37	4.37	0.00	0.00	162	329
PNI	PIMCO NY Muni Incm Fd II	PIMCO	1.96	-11.62	5.41	22.66	43.51	177	295
FMN	Fed Prmr Muni Incm Fd	Federated	1.01	-9.24	5.04	0.00	41.98	92	322
NXC	Nuv CA Sel Tx-Free Incm Port	Nuveen	0.98	-1.68	4.25	0.00	0.00	84	243
ENX	EV NY Muni Bnd Fd	Eaton Vance	1.02	-1.56	5.29	25.09	33.00	173	326
CXE	MFS Hi Incm Muni Tr	MFS	1.01	-8.65	6.02	0.00	35.00	124	302
NMI	Nuv Muni Incm Fd	Nuveen	0.98	1.77	4.65	0.00	0.00	100	393
NIM	Nuv Sel Maturities Muni Fd	Nuveen	1.01	-6.94	3.62	0.00	0.00	122	219
NMT	Nuv MA Qlty Muni Incm Fd	Nuveen	0.97	5.27	7.48	53.12	41.95	101	221
NAZ	Nuv AZ Qlty Muni Incm Fd	Nuveen	1.02	4.92	7.41	52.42	39.73	133	228
NMS	Nuv MN Qlty Muni Incm Fd	Nuveen	1.01	-0.96	7.78	48.41	41.55	69	199

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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