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07. Taxable Bond & BDC Index

Data as of

About the Index

Funds need to have 90-day average trading dollar ($) liquidity over $500K and then ranked the top 50% of the constituent funds by their respective 90-day average trade liquidity (with a minimum of 2 funds per group; if needed, a lower average trading’s liquidity may be used) for the 13 groupings of CEFs according to CEFData.com: (1) Build America Bond (taxable municipals or BABs), (2) Convertible Bonds, (3) Emerging Market Income, (4) Global Income, (5) High Yield, (6) Investment Grade, (7) Limited Duration, (8) Senior Loan, (9) Mortgage, (10) Multi-Sector, (11) Preferred, (12) US Government Bonds, (13) Debt-Focused Business Development Companies (BDCs). We will combine levered and non-levered groupings to create one larger grouping. Each sector is then equal weighted into the index. 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 1,487.02 0.07 -0.96 0.04 2.73 8.45 16.30 0.00 4.23 4.76 0.27 1.27 7.68
NAV 1,400.58 0.04 -0.42 0.06 1.66 4.06 10.94 0.61 3.34 4.08 0.16 0.65 3.22
Difference -0.02 0.54 0.01 -1.07 -4.39 -5.35 0.61 -0.89 -0.68 -0.11 -0.62 -4.45
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.04
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 2.40 1.49 2.30 6.32 -2.26 3.34 - - - - - - - - - - - - -
NAV 0.42 0.59 1.51 2.55 -1.14 1.65 - - - - - - - - - - - - -
Difference -1.98 -0.90 -0.79 -3.77 1.12 -1.68 - - - - - - - - - - - - -
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 9.16 -2.38 -3.32 3.02 1.18 -1.73 3.68 3.10 6.21 3.41 -1.39 -3.08 -1.16 -2.57 6.98 3.67 8.06 6.80 13.43
NAV 4.81 -2.09 -0.15 2.47 0.82 -0.91 1.98 1.88 4.39 1.89 -0.85 -1.41 -0.40 -1.81 5.24 3.95 7.42 6.99 11.68
Difference -4.34 0.29 3.17 -0.55 -0.37 0.81 -1.70 -1.22 -1.82 -1.53 0.55 1.67 0.76 0.76 -1.74 0.28 -0.64 0.19 -1.74
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -4.25 -3.06 -0.45 -7.60 -5.50 -1.32 -5.63 -11.99 -18.68 6.64 -1.43 -11.26 -6.73 3.45 7.10 -3.67 6.73 -0.45 -19.04
NAV -2.11 -1.73 -1.05 -4.82 -3.82 -1.25 -5.21 -9.97 -14.31 4.07 -1.28 -5.69 -3.11 0.52 3.93 -0.15 4.31 1.07 -13.40
Difference 2.14 1.33 -0.60 2.78 1.67 0.07 0.41 2.01 4.37 -2.57 0.15 5.57 3.62 -2.93 -3.17 3.52 -2.42 1.51 5.64
2021 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2021
Price 0.40 1.61 2.12 4.18 2.87 2.32 1.51 6.85 11.32 0.94 0.67 -2.18 -0.61 2.27 -2.03 0.30 0.50 -0.11 11.19
NAV 0.84 0.29 -0.35 0.78 1.78 0.96 1.05 3.84 4.65 0.62 0.84 -0.61 0.85 0.33 -1.00 1.17 0.50 1.35 6.06
Difference 0.44 -1.32 -2.47 -3.40 -1.09 -1.36 -0.46 -3.01 -6.67 -0.31 0.17 1.57 1.45 -1.94 1.04 0.87 -0.00 1.46 -5.13
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price 1.75 -6.93 -19.29 -23.58 8.18 6.27 1.77 16.99 -10.59 4.10 1.74 -1.74 4.07 -0.92 9.86 3.17 12.30 16.87 4.49
NAV 1.23 -1.20 -16.32 -16.31 5.10 3.68 2.77 11.99 -6.28 3.65 1.99 -0.55 5.13 0.17 5.17 2.60 8.08 13.62 6.49
Difference -0.52 5.73 2.97 7.26 -3.08 -2.58 1.00 -5.00 4.31 -0.45 0.25 1.18 1.06 1.09 -4.69 -0.57 -4.22 -3.24 2.00
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 8.77 2.17 0.80 12.02 1.75 -0.72 3.21 4.25 16.79 1.93 -0.77 1.29 2.45 0.96 0.78 2.23 4.02 6.57 24.46
NAV 4.22 1.21 0.93 6.46 1.28 -0.10 2.30 3.51 10.19 1.00 -0.28 0.38 1.10 0.59 0.29 1.98 2.88 4.01 14.62
Difference -4.55 -0.96 0.13 -5.57 -0.46 0.63 -0.91 -0.74 -6.60 -0.93 0.49 -0.91 -1.36 -0.37 -0.49 -0.24 -1.13 -2.56 -9.84
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price -0.16 -1.29 0.62 -0.84 0.80 0.31 -0.15 0.96 0.11 1.98 0.88 -0.82 2.03 -5.03 -0.47 -2.97 -8.28 -6.42 -6.32
NAV 0.93 -0.88 0.15 0.19 0.04 -0.23 -0.10 -0.28 -0.09 1.34 -0.08 0.52 1.78 -1.64 -0.61 -1.48 -3.69 -1.98 -2.06
Difference 1.09 0.41 -0.46 1.04 -0.76 -0.54 0.05 -1.24 -0.19 -0.65 -0.96 1.34 -0.25 3.38 -0.13 1.48 4.59 4.45 4.26
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 2.86 2.17 -0.32 4.75 2.20 0.62 0.83 3.68 8.61 2.09 -0.63 0.97 2.44 -0.45 -1.08 1.33 -0.21 2.22 11.02
NAV 1.42 1.61 0.25 3.32 1.28 0.96 0.57 2.84 6.25 1.39 0.67 0.54 2.61 0.65 0.24 0.59 1.49 4.14 10.65
Difference -1.43 -0.55 0.57 -1.43 -0.92 0.34 -0.25 -0.85 -2.36 -0.70 1.29 -0.43 0.18 1.09 1.32 -0.74 1.70 1.92 -0.37
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -1.47 0.44 6.33 5.23 2.79 0.55 2.43 5.86 11.39 4.38 1.82 -0.67 5.58 -1.82 -1.42 2.74 -0.57 4.97 16.93
NAV -0.98 -0.69 3.41 1.69 2.45 0.54 1.27 4.31 6.07 2.61 1.17 0.85 4.70 0.16 -1.74 1.33 -0.27 4.42 10.77
Difference 0.50 -1.13 -2.92 -3.53 -0.34 -0.01 -1.16 -1.55 -5.32 -1.77 -0.65 1.52 -0.88 1.99 -0.31 -1.41 0.31 -0.55 -6.16
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 1.59 1.51 -0.71 2.39 1.77 -1.19 -3.77 -3.23 -0.92 -1.43 -2.33 -2.65 -6.29 4.69 -0.98 -0.73 2.90 -3.57 -4.46
NAV 1.08 1.14 -0.25 1.98 1.21 0.07 -1.28 -0.02 1.96 -0.15 -1.63 -1.73 -3.48 1.77 -0.48 -2.07 -0.82 -4.28 -2.40
Difference -0.51 -0.37 0.46 -0.41 -0.57 1.26 2.49 3.21 2.88 1.28 0.70 0.92 2.80 -2.92 0.50 -1.34 -3.72 -0.71 2.06
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price 1.98 2.92 0.23 5.20 2.06 1.69 1.52 5.37 10.85 -2.51 1.76 -3.18 -3.95 1.08 0.29 -2.48 -1.14 -5.04 5.26
NAV 1.69 1.85 0.86 4.47 1.23 1.77 0.91 3.96 8.60 -0.27 1.17 -1.94 -1.07 0.90 0.12 -2.04 -1.04 -2.10 6.32
Difference -0.29 -1.07 0.63 -0.74 -0.84 0.07 -0.61 -1.41 -2.25 2.24 -0.59 1.24 2.88 -0.19 -0.17 0.44 0.10 2.95 1.06
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 3.36 1.06 0.36 4.83 1.70 -4.89 -3.10 -6.27 -1.74 -1.04 -2.42 2.06 -1.44 2.38 -1.53 0.76 1.58 0.12 -1.63
NAV 1.86 0.47 0.84 3.20 1.97 -1.28 -3.32 -2.68 0.44 1.20 -1.18 1.61 1.61 2.04 0.01 -0.24 1.81 3.45 3.90
Difference -1.51 -0.59 0.49 -1.63 0.27 3.61 -0.22 3.59 2.18 2.23 1.24 -0.45 3.06 -0.34 1.54 -1.00 0.22 3.33 5.53
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 5.95 2.17 -0.50 7.71 1.27 -1.32 2.95 2.88 10.81 3.40 1.88 1.62 7.05 -0.09 0.12 0.14 0.16 7.22 18.81
NAV 3.52 2.17 0.22 6.00 1.10 -1.25 1.58 1.42 7.50 2.54 1.31 1.96 5.92 1.06 0.74 1.03 2.85 8.94 17.11
Difference -2.43 0.00 0.72 -1.71 -0.18 0.08 -1.36 -1.46 -3.30 -0.86 -0.57 0.34 -1.13 1.15 0.63 0.89 2.69 1.71 -1.70

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-1.36%
1Yr Disc
-4.13%
3Yr Disc
-3.08%
5Yr Disc
-3.02%
Rel Disc Range (3yr)
54.56%
Mkt Yield
10.75%
Lev Adj NAV Yield
8.14%
After Tax Yield*
8.87%
Est Tax Friction*
1.88%
3Yr NAV Volatiliy
8.02
1 Yr RoC
36.36%
3 Yr Dest RoC
32.04%
Leverage
31.01%
Non Lev Exp Ratio
1.87%
Beta (2yr)
0.74
Equity Exposure
3.62%
Bond Exposure
93.29%
# Holdings
75
Cash Weighted Duration
3.62
Comp NAV TR
0.63%
Comp Discount
1.75%
Net Assets (M)
872
Liquidity - 90d (K)
3,376
* 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


75 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
CCD Calamos Dyn Convt & Incm Fd Calamos 2.36 18.30 10.49 50.59 37.64 505 1,763
CHI Calamos Convt Opp & Incm Calamos 2.37 19.14 9.74 64.14 37.90 739 2,080
CHY Calamos Convt & Hi Incm Fd Calamos 2.17 7.12 10.78 66.20 38.03 798 1,852
NCZ Virtus Convt & Incm Fd II Virtus 2.19 -12.04 12.63 90.83 39.13 247 1,005
EMD WA Emrg Mkt Dbt Fd Franklin Templeton 3.04 -9.53 10.68 37.18 28.86 613 1,757
EDD MS Emrg Mkt Dom Dbt Morgan Stanley 3.03 -11.11 11.44 42.50 12.15 344 930
EDF Virtus SH Emrg Mkt Incm Fd Virtus 3.01 16.67 13.53 20.49 24.70 132 666
FAX abrdn Asia-Pacific Incm Fd abrdn 2.95 -8.47 12.22 44.59 30.95 731 2,197
SABA Saba Cap Incm & Opp Fd II Saba Capital 3.05 -11.81 9.13 100.00 0.00 244 891
JGH Nuv Glbl Hi Incm Fd Nuveen 3.03 -5.68 9.85 19.39 27.92 310 562
HYT BR Corp Hi Yld Fd BlackRock 0.90 0.52 9.70 23.15 26.00 1,382 3,611
DLY DbLin Yld Opp Fd Doubleline 0.89 -2.50 8.97 1.33 19.34 768 2,003
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 0.89 -8.37 11.13 21.73 18.87 563 1,615
ACP abrdn Incm Cr Stgs Fd abrdn 0.94 2.67 17.34 39.53 29.33 351 2,392
GHY PGIM Glbl Hi Yld Fd Prudential 0.91 -7.75 10.58 40.11 21.54 528 1,574
HIX WA Hi Incm Fd II Franklin Templeton 0.93 -1.10 13.07 23.81 30.62 410 1,415
KIO KKR Incm Opp Fd KKR Credit 0.92 0.30 10.73 0.00 35.32 367 1,466
DSU BR Dbt Stgs Fd BlackRock 0.90 1.21 10.91 11.30 20.10 503 1,583
ISD PGIM Hi Yld Bnd Fd Prudential 0.90 -7.35 9.89 26.58 20.77 457 1,489
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 0.90 -12.68 8.55 18.88 22.58 428 1,069
PTY PIMCO Corp & Incm Opp Fd PIMCO 2.20 27.53 10.03 19.48 18.80 1,797 8,743
PCN PIMCO Corp & Incm Stgy Fd PIMCO 2.16 14.94 10.32 19.67 13.79 649 3,351
WIW WA Inf-Lnk Opp & Incm Fd Franklin Templeton 2.27 -13.55 8.43 0.00 37.80 609 1,249
MIN MFS Imd Incm Tr MFS 2.23 -8.13 9.22 58.15 0.00 323 687
EVV EV Ltd Dur Incm Fd Eaton Vance 3.08 -7.20 9.64 38.44 38.30 1,227 2,993
BLW BR Ltd Dur Incm Tr BlackRock 2.99 -1.01 9.40 10.27 37.30 497 1,307
FTF FrkTmp Ltd Dur Incm Tr Franklin Templeton 3.07 -10.62 11.70 20.79 32.01 285 1,128
JFR Nuv Flt Rt Incm Fd Nuveen 1.03 -5.19 11.63 1.34 37.99 1,240 4,550
FSCO FS Cr Opp Corp FS/KKR 1.10 -9.97 11.23 0.00 33.41 1,412 3,660
JQC Nuv Cr Stgs Incm Fd Nuveen 1.03 -4.94 11.61 3.74 38.21 796 2,870
VVR Invsc Sr Incm Tr Invesco 1.02 6.72 12.03 15.51 32.12 615 3,057
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 1.03 3.07 14.45 5.79 38.52 415 2,999
FRA BR Flt Rt Incm Stgc Fd BlackRock 1.02 -0.61 11.45 12.26 21.90 460 1,704
AIF Apollo Tactical Incm Fd Apollo 1.06 0.61 11.55 0.00 35.97 215 1,750
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 1.02 -7.15 10.15 0.00 36.94 574 1,767
ARDC Ares Dyn Cr Alloc Fd Ares 1.06 0.34 9.50 0.00 38.46 339 1,446
OPP RiverNorth DbLin Stgc Opp Fd RiverNorth 4.61 -8.37 13.91 54.01 35.30 217 691
BKT BR Incm Tr BlackRock 4.54 -2.47 8.93 59.01 29.50 259 803
PDI PIMCO Dyn Incm Fd PIMCO 0.90 11.92 14.09 26.86 39.19 5,233 26,584
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.95 23.55 14.82 50.50 17.31 1,706 9,174
PDO PIMCO Dyn Incm Opp Fd PIMCO 0.92 4.19 11.65 22.47 41.08 1,453 5,141
DSL DbLin Incm Solutions Fd Doubleline 0.90 0.73 10.58 6.54 21.77 1,309 4,736
RA Brkf Real Ast Incm Fd Brookfield 0.89 -13.68 11.22 45.26 19.80 808 2,776
BTZ BR Cr Alloc Incm Tr BlackRock 0.91 -6.11 9.49 34.40 37.00 1,055 2,408
HFRO Highland Opp & Incm Fd NexPoint 0.78 -52.58 7.61 24.59 16.14 874 1,367
PAXS PIMCO Access Incm Fd PIMCO 0.92 4.25 11.42 17.82 43.35 664 2,389
WDI WA Divr Incm Fd Franklin Templeton 0.94 -6.52 12.19 0.00 31.30 810 3,509
PFN PIMCO Incm Stgy Fd II PIMCO 0.89 3.76 12.00 20.26 18.01 602 1,628
JPC Nuv Pref & Incm Opp Fd Nuveen 1.33 -8.05 10.92 0.00 38.83 2,540 5,474
FPF FT Imd Dur Pref & Incm Fd First Trust 1.31 -5.98 9.21 20.38 33.61 1,159 2,430
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 1.27 -6.45 8.40 20.46 34.50 1,131 2,300
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 1.26 -12.41 7.33 0.00 39.50 792 1,487
LDP C&S Ltd Dur Pref & Incm Fd Cohen&Steers 1.27 -7.95 8.04 11.20 33.70 618 1,244
PDT JH Prm Div Fd John Hancock 1.26 -8.53 8.79 20.16 38.42 605 1,262
NPFD Nuv Var Rt Pref & Incm Fd Nuveen 1.30 -11.34 11.32 0.96 36.94 484 1,034
ARCC Ares Capital Corp Ares 0.44 5.38 9.33 0.00 48.21 11,870 68,252
FSK FS KKR Capital Corp FS/KKR 0.48 -19.57 13.09 0.00 52.59 6,811 25,180
OBDC Blue Owl Cap Corp Blue Owl 0.48 2.91 9.30 0.00 51.66 6,029 31,546
BXSL Blackstone Secur Lending Fd Blackstone 0.46 20.08 9.83 0.00 49.27 5,023 26,751
HTGC Hercules Capital Hercules 0.49 70.25 8.08 0.00 47.40 1,886 17,205
MAIN Main Street Cap Corp Main Street Capital 0.48 68.45 5.91 0.00 43.04 2,532 17,761
GBDC Golub Capital BDC Golub Capital 0.42 3.04 10.01 0.00 55.38 2,593 15,908
OCSL Oaktree Splty Lending Oaktree Capital 0.43 1.44 11.59 0.00 49.60 1,524 9,998
PSEC Prospect Capital Corp Prospect Capital 0.47 -37.93 12.90 0.00 51.14 3,756 8,975
CSWC Cap Southwest Corp Capital Southwest 0.46 50.75 9.02 0.00 49.52 756 7,021
GSBD Goldman Sachs BDC Goldman Sachs 0.48 7.29 11.53 0.00 51.61 1,633 9,615
TSLX Sixth St Splty Lending Sixth St Splty Lending 0.45 23.70 8.66 0.00 52.27 1,592 7,890
TRIN Trinity Capital Trinity Capital 0.48 16.30 13.62 0.00 51.73 637 6,287
PFLT PennantPark Flt Rt Cap PennantPark 0.46 -0.09 10.80 0.00 53.31 761 8,973
FDUS Fidus Investment Corp Fidus 0.44 0.15 8.87 0.00 41.62 611 4,834
NMFC New Mountain Fin Corp New Mountain Capital 0.43 -4.15 10.46 0.00 54.40 1,357 4,578
TCPC BR TCP Capital Corp BlackRock 0.46 -3.59 12.66 0.00 57.21 953 5,091
BBDC Barings BDC Barings 0.47 -16.52 10.89 0.00 53.77 1,212 4,071
RWAY Runway Gwth Fin Corp Runway Gwth Cap 0.45 -12.28 13.65 0.00 46.16 527 4,275
MSDL MS Direct Lending Fd MS Cap Patnr Advis 0.49 10.74 8.74 0.00 43.71 1,848 1,234

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.

© Closed-End Fund Advisors Inc.(CEFadvisors) and CEFdata.com 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors, CEFdata.com, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Class E Units       8% PIK             8.00 %   11/6/2021     4,055,099       4,055,099       4,055,099       2.32 %