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02. High Income Index

Data as of

About the Index

50% Equity focused income funds and 50% Bond/BDC focused income funds: (1) Funds need to have 90-day average trading dollar ($) liquidity over $500K. (2) Taxable Bond + Preferred Equity groupings according to CEFdata.com, ranked by top 35% current market price yield (40% of the index weighting), (3) Debt-Focused Business Development Companies (BDCs), top 35% ranked by current market price yield (10% of the index weighting). (4) US Equity, Non-US Equity, Specialty Equity and Hybrid/Balanced Funds groupings in CEFData.com with funds only included if they pay monthly or quarterly distributions without a large year-end distribution in both of the past two calendar years. This selection is then ranked by top 35% of funds by current market price yield (50% of index weighting) The index constituents will be rebalanced each quarter. We manually have removed DXYZ from firm benchmarks.

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 1,711.95 -0.11 0.37 -0.36 6.60 3.51 15.55 9.55 12.14 6.88 -0.08 0.72 8.75
NAV 1,607.11 -0.10 0.73 0.87 6.19 4.45 12.75 9.02 8.88 5.66 0.46 1.54 7.26
Difference 0.01 0.35 1.23 -0.41 0.94 -2.79 -0.53 -3.26 -1.22 0.54 0.82 -1.50
* Periods greater than 1 Year are annualized.      ** On Inception Date (Dec. 30, 2016), Index Price was $1,000 and NAV was $1,000.00
2025 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2025
Price 5.00 0.06 -2.44 2.50 -1.47 3.09 3.70 5.34 7.97 0.81 - - - - - - - - -
NAV 2.47 -0.22 -1.78 0.42 -0.11 1.88 3.36 5.18 5.63 1.08 - - - - - - - - -
Difference -2.52 -0.28 0.66 -2.08 1.35 -1.21 -0.35 -0.16 -2.35 0.28 - - - - - - - - -
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 2.33 1.82 3.41 7.74 -1.39 3.97 1.64 4.20 12.27 3.69 1.39 2.17 7.41 -1.43 3.54 -3.98 -2.01 5.25 18.17
NAV 0.18 1.80 2.37 4.40 -1.46 2.47 0.89 1.87 6.35 2.32 1.76 1.72 5.91 -0.76 2.61 -2.25 -0.46 5.42 12.12
Difference -2.15 -0.01 -1.04 -3.34 -0.06 -1.50 -0.75 -2.33 -5.92 -1.37 0.37 -0.45 -1.50 0.67 -0.92 1.73 1.55 0.17 -6.05
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 11.21 -1.88 -2.64 6.23 0.60 -1.70 5.17 3.99 10.47 4.35 -1.65 -4.70 -2.20 -4.96 8.41 4.36 7.53 5.17 16.18
NAV 6.02 -2.12 0.39 4.18 1.07 -1.26 3.16 2.95 7.25 2.53 -1.00 -3.04 -1.58 -2.06 5.82 4.19 7.98 6.28 13.99
Difference -5.19 -0.24 3.04 -2.05 0.47 0.44 -2.01 -1.05 -3.22 -1.82 0.65 1.66 0.62 2.90 -2.59 -0.17 0.45 1.11 -2.19
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -1.69 -2.49 1.60 -2.60 -6.25 -1.07 -7.60 -14.30 -16.53 8.50 -1.58 -13.08 -7.19 6.10 5.91 -6.75 4.79 -2.74 -18.82
NAV -2.02 -1.17 1.02 -2.18 -4.70 -0.80 -6.64 -11.75 -13.67 5.69 -2.40 -6.68 -3.74 3.13 4.52 -3.17 4.38 0.47 -13.27
Difference -0.33 1.31 -0.58 0.42 1.55 0.27 0.96 2.55 2.85 -2.81 -0.81 6.39 3.45 -2.98 -1.38 3.58 -0.41 3.22 5.55
2021 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2021
Price 3.07 5.52 4.49 13.65 4.37 2.56 1.93 9.10 24.00 0.24 1.82 -2.85 -0.85 3.98 -2.28 0.60 2.22 1.36 25.68
NAV 1.27 2.22 2.25 5.85 2.91 1.88 1.09 5.98 12.19 0.39 1.40 -1.62 0.15 2.28 -2.07 2.10 2.26 2.41 14.89
Difference -1.80 -3.30 -2.24 -7.79 -1.46 -0.68 -0.84 -3.12 -11.81 0.15 -0.42 1.24 1.00 -1.70 0.20 1.49 0.04 1.05 -10.78
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price -0.12 -10.78 -34.96 -42.04 21.51 6.53 -1.22 27.86 -25.90 2.19 3.50 -3.28 2.30 -1.47 16.90 3.83 19.59 22.34 -9.34
NAV -1.37 -6.57 -26.08 -31.89 15.62 4.34 0.44 21.17 -17.46 3.59 2.39 -2.11 3.83 0.35 9.24 3.67 13.64 18.00 -2.61
Difference -1.25 4.21 8.88 10.15 -5.89 -2.19 1.67 -6.68 8.43 1.40 -1.11 1.17 1.53 1.82 -7.66 -0.16 -5.95 -4.34 6.73
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 14.98 1.62 1.73 18.85 1.82 -3.40 4.02 2.32 21.61 1.41 -4.11 1.96 -0.84 -0.62 -0.23 3.79 2.91 2.04 24.09
NAV 8.73 1.35 2.01 12.41 1.06 -2.34 3.08 1.74 14.37 -0.10 -2.38 1.20 -1.31 -0.50 -0.41 4.02 3.08 1.73 16.35
Difference -6.25 -0.27 0.29 -6.44 -0.76 1.06 -0.94 -0.58 -7.24 -1.51 1.73 -0.76 -0.46 0.13 -0.18 0.22 0.17 -0.31 -7.74
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 2.43 -4.30 -1.81 -3.75 4.21 2.23 -0.35 6.15 2.17 3.05 1.41 -1.22 3.23 -8.13 0.45 -10.41 -17.31 -14.65 -12.79
NAV 2.81 -4.45 -1.76 -3.49 2.81 1.96 -0.13 4.68 1.03 3.05 0.68 -0.29 3.45 -4.66 0.10 -6.62 -10.89 -7.82 -6.87
Difference 0.38 -0.15 0.06 0.26 -1.40 -0.27 0.22 -1.47 -1.15 0.00 -0.73 0.93 0.22 3.46 -0.36 3.79 6.42 6.83 5.92
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 4.65 3.04 0.58 8.46 2.68 0.61 0.13 3.45 12.20 2.40 -1.83 2.40 2.94 -2.28 -1.67 3.21 -0.82 2.09 14.55
NAV 2.10 1.90 0.21 4.26 1.12 0.50 0.50 2.14 6.49 1.77 -0.59 1.45 2.64 -0.47 0.18 2.31 2.01 4.70 11.49
Difference -2.55 -1.14 -0.37 -4.20 -1.56 -0.11 0.37 -1.31 -5.71 -0.63 1.24 -0.95 -0.31 1.81 1.84 -0.90 2.83 2.60 -3.06
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -7.98 0.29 10.04 1.55 8.55 1.42 3.32 13.75 15.52 4.99 2.08 0.57 7.78 -2.49 1.07 1.81 0.34 8.15 24.93
NAV -7.03 -0.67 7.13 -1.07 7.12 1.92 2.50 11.91 10.70 2.84 1.52 1.73 6.21 -1.07 0.64 2.00 1.55 7.86 19.40
Difference 0.95 -0.97 -2.91 -2.63 -1.42 0.50 -0.82 -1.84 -4.81 -2.15 -0.56 1.17 -1.58 1.41 -0.42 0.19 1.21 -0.29 -5.53
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.75 4.19 -1.61 3.28 2.55 -0.88 -4.38 -2.80 0.39 -3.34 -4.33 -5.75 -12.84 8.36 -3.53 -4.80 -0.49 -13.27 -12.93
NAV -0.18 3.07 -1.02 1.84 2.60 0.15 -2.12 0.58 2.43 -1.11 -3.79 -4.14 -8.80 5.62 -3.04 -5.73 -3.46 -11.95 -9.81
Difference -0.93 -1.12 0.59 -1.44 0.05 1.02 2.26 3.37 2.04 2.23 0.54 1.61 4.04 -2.73 0.49 -0.92 -2.96 1.32 3.12
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price 0.42 3.75 0.23 4.43 1.61 2.44 2.06 6.25 10.96 -2.33 2.44 -4.27 -4.23 -0.06 -0.64 -5.93 -6.59 -10.54 -0.73
NAV -0.08 2.99 0.70 3.63 1.19 1.52 1.74 4.51 8.30 -1.13 1.83 -2.90 -2.24 -0.23 -0.83 -3.06 -4.08 -6.23 1.55
Difference -0.50 -0.76 0.46 -0.81 -0.43 -0.93 -0.33 -1.74 -2.66 1.21 -0.61 1.37 1.99 -0.17 -0.18 2.87 2.51 4.31 2.29
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 6.78 0.51 1.72 9.18 1.21 -1.76 -2.39 -2.96 5.95 1.14 -2.83 2.55 0.78 3.01 -1.11 1.19 3.08 3.89 10.07
NAV 3.64 -0.09 1.47 5.07 1.72 -0.41 -2.71 -1.44 3.55 2.71 -1.44 2.68 3.95 2.35 0.35 0.62 3.34 7.42 11.23
Difference -3.14 -0.61 -0.25 -4.11 0.51 1.36 -0.32 1.51 -2.40 1.58 1.39 0.13 3.16 -0.66 1.46 -0.57 0.26 3.53 1.16
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 8.54 3.57 -0.37 12.00 0.07 -5.11 3.45 -1.77 10.01 3.19 2.80 2.50 8.74 -1.57 -1.65 0.06 -3.13 5.34 15.88
NAV 4.29 3.06 0.38 7.88 0.15 -4.81 2.86 -1.93 5.80 2.07 1.88 2.38 6.46 0.17 0.21 1.42 1.81 8.39 14.68
Difference -4.25 -0.52 0.75 -4.11 0.08 0.31 -0.59 -0.16 -4.21 -1.13 -0.92 -0.12 -2.28 1.74 1.86 1.36 4.94 3.06 -1.20

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-1.71%
1Yr Disc
-1.38%
3Yr Disc
-3.42%
5Yr Disc
-2.85%
Rel Disc Range (3yr)
59.88%
Mkt Yield
13.61%
Lev Adj NAV Yield
10.90%
After Tax Yield*
11.56%
Est Tax Friction*
2.05%
3Yr NAV Volatiliy
12.42
1 Yr RoC
51.42%
3 Yr Dest RoC
26.72%
Leverage
24.76%
Non Lev Exp Ratio
2.40%
Beta (2yr)
0.67
Equity Exposure
51.05%
Bond Exposure
44.62%
# Holdings
90
Cash Weighted Duration
1.41
Comp NAV TR
1.61%
Comp Discount
2.36%
Net Assets (M)
672
Liquidity - 90d (K)
3,245
* 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


90 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
OXLC Oxford Lane Cap Corp Oxford Lane 0.93 -16.50 31.40 0.00 26.41 888 23,930
OCCI OFS Credit Company OFS Capital 1.08 -3.86 23.12 0.00 41.46 161 1,636
ECC Eagle Point Cr Co Eagle Point 1.03 -4.37 24.00 2.65 36.65 925 10,110
CCIF Carlyle Cr Incm Fd Carlyle Glbl Cr Inv Mgmt 0.96 -15.05 22.78 0.00 35.96 137 1,064
SPMC Sound Point Meridian Cap Sound Point Meridian Mgmt Co 1.13 -2.16 16.57 0.00 24.50 381 443
EARN Ellington Cr Co Ellington Cr Co Mgmt 1.10 -6.74 16.93 0.00 74.40 228 1,741
ACP abrdn Incm Cr Stgs Fd abrdn 1.13 -2.62 15.63 34.81 28.12 767 3,242
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 1.11 -8.57 15.14 0.00 37.89 462 2,467
GOF Gghm Stgc Opp Fd Guggenheim Funds 1.12 29.35 14.63 60.72 12.30 2,097 12,886
NHS NB Hi Yld Stgs Fd Neuberger Berman 1.09 -1.72 14.66 47.12 26.28 229 1,231
EDF Virtus SH Emrg Mkt Incm Fd Virtus 1.13 5.37 14.12 41.84 25.52 148 510
PDI PIMCO Dyn Incm Fd PIMCO 1.15 13.44 13.69 19.11 34.08 6,677 33,664
HIX WA Hi Incm Fd II Franklin Templeton 1.12 -3.20 13.87 20.38 32.14 394 1,252
OPP RiverNorth DbLin Stgc Opp Fd RiverNorth 1.13 -3.56 13.13 28.98 36.90 214 622
FCO abrdn Glbl Incm Fd abrdn 1.15 111.54 12.73 67.25 30.43 42 498
DMO WA Mortg Opp Fd Franklin Templeton 1.13 -0.67 13.10 17.74 46.48 137 558
BRW Saba Cap Incm & Opp Fd Saba Capital 1.15 -4.24 12.22 33.61 48.42 371 1,585
FAX abrdn Asia-Pacific Incm Fd abrdn 1.13 -3.12 12.24 41.76 38.46 689 2,126
JFR Nuv Flt Rt Incm Fd Nuveen 1.13 -3.74 12.00 12.93 36.10 1,421 4,371
JQC Nuv Cr Stgs Incm Fd Nuveen 1.14 -3.35 11.82 17.78 37.06 838 3,961
WDI WA Divr Incm Fd Franklin Templeton 1.13 -0.60 11.94 0.00 32.27 777 2,516
PHK PIMCO Hi Incm Fd PIMCO 1.16 5.79 11.68 12.20 9.62 811 2,537
VVR Invsc Sr Incm Tr Invesco 1.09 -1.07 12.32 13.99 33.71 574 1,945
PAXS PIMCO Access Incm Fd PIMCO 1.17 2.15 11.42 8.42 39.89 700 3,534
PFL PIMCO Incm Stgy Fd PIMCO 1.15 5.84 11.46 20.03 12.81 365 1,007
PFN PIMCO Incm Stgy Fd II PIMCO 1.15 5.29 11.40 11.19 15.50 677 2,113
AVK Advent Convt & Incm Fd Guggenheim Funds 1.12 -3.56 11.54 70.26 38.73 558 1,738
KIO KKR Incm Opp Fd KKR Credit 1.13 -0.93 11.40 0.00 30.61 528 3,022
CCD Calamos Dyn Convt & Incm Fd Calamos 1.13 4.54 11.42 46.81 34.32 535 1,835
BWG BwGlobal Glbl Incm Opp Fd Franklin Templeton 1.15 -7.02 11.32 27.91 39.68 153 747
BGT BR Flt Rt Incm Fd BlackRock 1.11 2.71 11.56 28.77 17.79 337 2,006
NPCT Nuv Core Plus Impact Fd Nuveen 1.10 -3.86 11.77 62.93 35.73 328 2,207
FTF FrkTmp Ltd Dur Incm Tr Franklin Templeton 1.11 -6.30 11.55 21.33 31.75 276 1,051
NCV Virtus Convt & Incm Fd Virtus 1.12 -9.19 11.39 87.11 36.25 357 1,203
FCT FT Sr Flt Rt Incm Fd II First Trust 1.10 -3.92 11.59 20.71 19.15 272 1,181
EIC Eagle Point Incm Co Eagle Point 1.03 -9.94 12.30 0.00 27.94 373 4,362
OXSQ Oxford Square Cap Corp Oxford Lane 0.63 12.44 17.87 0.00 43.35 149 1,376
HRZN Horizon Tech Fin Corp Horizon Tech Fin 0.62 0.13 17.41 0.00 59.65 305 3,705
WHF WhiteHorse Finance H.I.G. Capital 0.61 -27.33 17.50 0.00 53.20 281 732
ICMB Investcorp Cr Mgmt BDC Investcorp 0.57 -50.00 17.71 0.00 58.28 78 83
TPVG TP Vntr Gwth BDC Corp TriplePoint Capital 0.58 -19.95 17.39 0.00 51.49 347 1,774
PSEC Prospect Capital Corp Prospect Capital 0.54 -60.00 18.62 0.00 52.32 3,274 9,307
OFS OFS Capital Corp OFS Capital 0.57 -24.01 16.41 0.00 61.25 146 399
MRCC Monroe Capital Corp Monroe Capital 0.57 -28.04 16.10 0.00 58.76 187 559
CION CION Inv Corp CION Inv Mgmt 0.60 -31.30 14.68 0.00 64.19 752 2,982
PTMN Portman Ridge Fin Corpn Sierra Crest Inv Mgmt 0.57 -35.60 15.49 0.00 57.74 249 515
TRIN Trinity Capital Trinity Capital 0.65 15.86 13.49 0.00 51.63 844 10,836
PNNT PennantPark Inv Corp PennantPark 0.63 -3.34 13.28 0.00 49.61 488 3,094
GECC Great Elm Cap Corp Great Elm Capital 0.60 -9.09 13.45 0.00 48.00 140 260
TCPC BR TCP Capital Corp BlackRock 0.54 -21.90 13.95 0.00 58.25 781 3,523
FSK FS KKR Capital Corp FS/KKR 0.59 -13.82 12.71 0.00 53.70 6,545 23,761
RWAY Runway Gwth Fin Corp Runway Gwth Cap 0.58 -20.33 12.29 0.00 47.65 503 3,390
NMFC New Mountain Fin Corp New Mountain Capital 0.56 -16.63 12.57 0.00 56.61 1,299 4,003
ECAT BR ESG Cap Alloc Trm Tr BlackRock 1.39 -0.18 21.27 90.26 0.00 1,629 5,073
BCAT BR Cap Alloc Trm Tr BlackRock 1.35 -3.81 21.92 85.57 0.00 1,624 8,412
GGT Gabelli Multimedia Tr Gabelli 1.39 15.03 19.95 76.84 34.00 122 860
CLM Cornerstone Stgc Inv Fd Cornerstone 1.35 20.18 18.27 55.25 0.00 1,899 13,084
CRF Cornerstone Tot Rtn Fd Cornerstone 1.36 20.34 18.09 75.19 0.00 991 8,196
BMEZ BR Health Sci Trm Tr BlackRock 1.33 -8.63 14.16 99.86 0.00 956 3,559
HQH abrdn Health Invstr abrdn 1.37 -9.92 13.67 42.84 0.00 960 3,481
THW abrdn Wld Health Fd abrdn 1.43 -3.56 12.91 66.12 29.11 452 1,952
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 1.25 -0.20 14.75 57.38 32.08 733 2,803
HQL abrdn Life Sci Invstr abrdn 1.38 -11.46 13.02 29.50 0.00 437 1,501
BTX BR Tech & Pvt Eq Trm Tr BlackRock 1.36 -4.16 12.82 100.00 0.00 899 4,738
NXG NXG NextGen Infra Incm Fd Cushing 1.31 -3.74 13.31 100.00 29.11 192 2,012
SRV NXG Cushing Midstream Nrg Fd Cushing 1.39 0.25 12.46 94.49 29.44 190 1,243
BSTZ BR Sci & Tech Trm Tr BlackRock 1.40 -6.09 12.12 28.70 0.00 1,569 4,843
RIV RiverNorth Opp Fd RiverNorth 1.36 -1.92 12.50 64.15 26.90 268 813
ASGI abrdn Glbl Infra Incm Fd abrdn 1.41 0.57 11.86 29.39 0.00 612 3,574
AOD abrdn Tot Dyn Div Fd abrdn 1.36 -7.02 13.53 44.43 2.10 1,006 4,148
HGLB Highland Glbl Alloc Fd NexPoint 1.29 -31.37 12.74 0.00 3.47 280 555
AWP abrdn Glbl Prmr Prop Fd abrdn 1.33 1.84 12.37 75.11 12.34 334 1,415
NMAI Nuv Multi-Asset Incm Fd Nuveen 1.35 -9.10 12.11 75.32 28.89 459 1,165
AGD abrdn Glbl Dyn Div Fd abrdn 1.37 1.45 11.80 40.91 3.27 274 1,371
JRI Nuv Rel-Ast Incm & Gwth Fd Nuveen 1.34 -2.00 12.08 55.64 31.49 371 1,700
THQ abrdn Health Opp Fd abrdn 1.17 -7.39 13.67 61.05 30.52 706 3,379
NRO NB Rel-Est Sec Incm Fd Neuberger Berman 1.37 -2.99 11.52 58.97 24.82 212 583
MCN XAI Madison Eq Prm Incm Fd XA Investments 1.34 -4.07 11.75 0.00 0.00 135 453
GLO Clough Glbl Opp Fd Clough 1.35 -12.88 11.11 100.00 31.90 266 783
JOF Japan Sml Caplz Fd Nomura 1.40 -12.70 10.68 0.00 0.00 324 717
MEGI MainStay CBRE Glbl Infra MTrnd Trm New York Life 1.38 -7.54 10.36 41.67 24.30 815 2,220
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 1.36 -4.62 10.38 37.71 29.57 231 824
CPZ Calamos Lng-Srt Eq & Dyn Incm Calamos 1.36 -8.39 10.33 7.46 25.66 348 1,029
GUT Gabelli Util Tr Gabelli 1.42 92.09 9.88 95.00 15.00 278 1,277
IGD Voya Glbl Eq Div & Prm Opp Voya 1.34 -5.27 10.43 76.67 0.00 479 1,236
IGA Voya Glbl Adv & Prm Opp Fd Voya 1.31 -6.16 10.64 53.24 0.00 157 612
IDE Voya Infra Ind & Matrls Fd Voya 1.38 -2.38 10.09 37.58 0.00 185 541
AEF abrdn Emrg Mkt ex-China Fd abrdn 1.37 -9.30 9.92 96.94 10.65 271 870
TYG Tortoise Nrg Infra Corp Tortoise 1.34 -7.60 10.11 69.13 20.00 808 2,989
IFN India Fund abrdn 1.25 -6.39 10.67 0.00 0.00 662 2,158

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 %