CEF Advisors AICA Event NAVigator Podcast

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04. 60/40 Balanced (w/ BDCs) Index

Data as of

About the Index

30% weighting of the index from CEF Advisors' Equity Income Index, 30% weighting of the index from CEF Advisors' Global Equity Index, then for bond exposure; the top 50% ranked by 90-day average trading dollar ($) liquidity: Multi-Sector Bond (8%) Debt-Focused Business Development Companies (BDCs) (6%), Sr. Loan Funds (6%), High Yield Bond (6%), Preferred Equity (5%), Convertible (5%), and Build America Bond (taxable municipals / BABs) (4%). 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 1,714.21 -0.09 -0.96 1.67 5.65 10.68 18.03 2.77 6.97 6.53 0.34 4.50 4.50
NAV 1,637.28 -0.17 -0.76 1.94 3.70 8.92 16.53 3.09 6.60 6.05 0.38 2.42 2.42
Difference -0.08 0.21 0.27 -1.95 -1.75 -1.49 0.32 -0.37 -0.48 0.05 -2.08 -2.08
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.02
2024 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2024
Price 1.89 2.22 - - - - - - - - - - - - - - - - -
NAV -0.01 2.05 - - - - - - - - - - - - - - - - -
Difference -1.90 -0.18 - - - - - - - - - - - - - - - - -
2023 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2023
Price 9.69 -2.61 -1.88 4.82 0.49 -2.20 5.47 3.66 8.65 3.60 -2.57 -3.33 -2.42 -4.76 8.41 4.29 7.68 5.07 14.15
NAV 6.43 -2.74 0.20 3.72 0.97 -1.65 4.26 3.54 7.39 2.73 -1.77 -2.69 -1.80 -2.63 6.64 4.41 8.41 6.46 14.32
Difference -3.26 -0.13 2.08 -1.09 0.48 0.55 -1.21 -0.12 -1.26 -0.87 0.80 0.64 0.62 2.13 -1.77 0.12 0.73 1.39 0.17
2022 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2022
Price -3.17 -2.88 1.76 -4.30 -6.88 -0.81 -7.22 -14.30 -17.99 8.08 -2.59 -11.64 -6.98 5.99 5.77 -5.08 6.40 -1.02 -18.83
NAV -2.92 -1.40 1.04 -3.28 -5.53 -0.45 -6.68 -12.24 -15.12 5.98 -2.54 -7.51 -4.47 4.17 4.98 -2.87 6.22 1.48 -13.86
Difference 0.25 1.48 -0.72 1.02 1.35 0.36 0.54 2.06 2.87 -2.09 0.05 4.13 2.51 -1.82 -0.78 2.21 -0.18 2.50 4.96
2021 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2021
Price 1.62 4.47 3.74 10.13 3.78 2.48 1.62 8.08 19.02 -0.40 2.11 -2.69 -1.03 4.14 -2.58 2.51 4.00 2.93 22.51
NAV 0.90 2.50 1.98 5.47 3.19 1.67 1.01 5.97 11.76 0.08 1.50 -2.00 -0.45 3.17 -2.03 2.22 3.32 2.85 14.94
Difference -0.72 -1.97 -1.77 -4.66 -0.59 -0.81 -0.61 -2.11 -7.26 0.48 -0.61 0.69 0.58 -0.97 0.55 -0.29 -0.68 -0.08 -7.56
2020 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2020
Price 0.36 -9.50 -21.75 -28.93 12.59 5.87 1.68 21.20 -13.87 4.09 3.86 -2.83 5.06 -1.96 14.61 4.35 17.26 23.19 6.10
NAV -0.28 -5.29 -18.27 -22.82 10.16 4.39 2.27 17.61 -9.23 4.52 3.37 -2.14 5.72 -0.51 9.54 3.90 13.24 19.71 8.67
Difference -0.64 4.21 3.48 6.12 -2.44 -1.48 0.60 -3.59 4.64 0.42 -0.50 0.68 0.66 1.45 -5.06 -0.46 -4.02 -3.47 2.57
2019 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2019
Price 11.90 2.46 1.13 15.95 2.46 -4.08 5.17 3.37 19.86 1.28 -1.92 2.32 1.63 1.04 1.10 2.96 5.18 6.90 28.13
NAV 7.27 2.04 1.33 10.91 1.97 -3.42 4.31 2.73 13.93 0.35 -1.13 1.36 0.57 1.14 0.95 2.96 5.13 5.72 20.45
Difference -4.64 -0.42 0.20 -5.04 -0.50 0.66 -0.86 -0.65 -5.93 -0.93 0.79 -0.95 -1.07 0.10 -0.15 -0.00 -0.05 -1.18 -7.68
2018 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2018
Price 2.27 -3.15 -0.68 -1.62 1.62 0.68 -0.18 2.12 0.47 2.52 1.28 -0.97 2.83 -8.02 1.60 -7.42 -13.48 -11.03 -10.61
NAV 3.15 -3.55 -0.69 -1.19 0.89 0.49 -0.22 1.16 -0.05 2.59 0.70 -0.23 3.07 -5.02 0.62 -5.01 -9.22 -6.43 -6.47
Difference 0.88 -0.40 -0.01 0.42 -0.73 -0.19 -0.04 -0.96 -0.52 0.07 -0.57 0.73 0.24 3.00 -0.98 2.41 4.26 4.60 4.14
2017 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2017
Price 3.74 2.93 0.91 7.75 2.97 0.94 0.87 4.85 12.97 2.43 -0.84 2.42 4.03 -0.01 -0.68 1.90 1.18 5.26 18.91
NAV 2.11 2.27 0.74 5.21 1.33 1.08 0.90 3.34 8.72 2.02 0.08 1.29 3.42 0.75 0.81 1.01 2.59 6.10 15.36
Difference -1.62 -0.65 -0.17 -2.54 -1.64 0.13 0.03 -1.51 -4.25 -0.41 0.92 -1.13 -0.61 0.77 1.50 -0.89 1.41 0.84 -3.56
2016 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2016
Price -5.40 0.25 7.55 2.00 3.32 0.95 2.24 6.63 8.77 4.62 0.92 -0.50 5.06 -2.65 0.37 2.25 -0.10 4.95 14.16
NAV -3.90 -0.71 5.51 0.67 2.47 1.09 1.09 4.72 5.42 3.36 0.45 0.51 4.36 -1.25 -0.04 1.69 0.37 4.75 10.43
Difference 1.50 -0.96 -2.05 -1.33 -0.85 0.14 -1.14 -1.91 -3.35 -1.26 -0.47 1.01 -0.70 1.40 -0.41 -0.56 0.47 -0.21 -3.73
2015 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2015
Price 0.83 3.78 -1.13 3.47 1.72 -0.53 -3.83 -2.69 0.68 -2.04 -4.99 -4.34 -10.96 7.42 -1.82 -1.95 3.41 -7.93 -7.30
NAV 0.26 3.08 -0.57 2.76 1.76 0.13 -2.17 -0.31 2.43 -0.34 -4.22 -3.33 -7.73 5.09 -1.41 -2.84 0.68 -7.10 -4.84
Difference -0.57 -0.70 0.56 -0.71 0.04 0.66 1.66 2.38 1.75 1.70 0.77 1.01 3.24 -2.33 0.41 -0.88 -2.73 0.83 2.46
2014 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2014
Price -0.57 3.92 0.66 4.00 1.57 2.40 2.25 6.35 10.60 -1.89 2.44 -3.29 -2.80 1.14 0.91 -2.50 -0.50 -3.28 6.98
NAV -0.36 3.22 1.01 3.89 1.11 2.00 2.01 5.21 9.30 -1.07 2.36 -2.79 -1.56 1.17 0.43 -1.67 -0.09 -1.65 7.50
Difference 0.21 -0.70 0.35 -0.11 -0.45 -0.40 -0.24 -1.13 -1.30 0.81 -0.08 0.50 1.23 0.03 -0.48 0.83 0.41 1.62 0.52
2013 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2013
Price 6.45 0.79 2.03 9.46 1.65 -1.26 -2.51 -2.15 7.11 1.59 -3.00 2.40 0.91 3.55 -0.44 1.68 4.82 5.78 13.30
NAV 4.16 0.38 1.95 6.59 2.30 -0.41 -2.90 -1.08 5.44 3.11 -1.99 3.10 4.18 2.97 0.65 0.99 4.67 9.05 14.99
Difference -2.29 -0.41 -0.08 -2.87 0.65 0.85 -0.39 1.07 -1.67 1.52 1.00 0.70 3.28 -0.58 1.09 -0.69 -0.15 3.28 1.69
2012 - Monthly Performance (%)
Jan Feb Mar Q1 Apr May Jun Q2 1H Jul Aug Sep Q3 Oct Nov Dec Q4 2H 2012
Price 7.91 3.88 0.14 12.25 0.53 -5.35 3.60 -1.43 10.64 2.77 2.18 2.83 7.97 -0.91 -1.01 1.17 -0.77 7.14 18.55
NAV 4.57 3.36 0.48 8.60 0.36 -5.28 2.76 -2.32 6.08 2.30 1.65 2.44 6.53 0.31 0.34 1.51 2.17 8.84 15.45
Difference -3.34 -0.52 0.34 -3.64 -0.16 0.06 -0.84 -0.90 -4.57 -0.46 -0.53 -0.38 -1.45 1.22 1.35 0.34 2.94 1.70 -3.09

Performance Chart

Discount

Characteristics

PORTFOLIO
Weighted Average Data
Discount
-7.53%
1Yr Disc
-8.43%
3Yr Disc
-5.37%
5Yr Disc
-5.85%
Rel Disc Range (3yr)
36.81%
Mkt Yield
9.30%
Lev Adj NAV Yield
7.35%
After Tax Yield*
7.98%
Est Tax Friction*
1.32%
3Yr NAV Volatiliy
14.47
1 Yr RoC
44.38%
3 Yr Dest RoC
26.52%
Leverage
18.93%
Non Lev Exp Ratio
1.66%
Beta (2yr)
0.75
Equity Exposure
56.41%
Bond Exposure
41.19%
# Holdings
155
Cash Weighted Duration
1.51
Comp NAV TR
0.66%
Comp Discount
0.75%
Net Assets (M)
1,037
Liquidity - 90d (K)
3,563
* 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


155 Funds

Ticker Name Sponsor Allocation Discount Market Yield RoC(1yr) Leverage Net Assets Liquidity (90d)
PDI PIMCO Dyn Incm Fd PIMCO 0.65 11.23 13.92 19.62 37.97 4,992 29,165
GOF Gghm Stgc Opp Fd Guggenheim Funds 0.69 21.41 14.94 57.53 19.23 1,652 11,314
PDO PIMCO Dyn Incm Opp Fd PIMCO 0.63 2.65 11.99 19.96 40.58 1,409 7,149
DSL DbLin Incm Solutions Fd Doubleline 0.61 0.08 10.54 7.95 23.21 1,283 5,390
RA Brkf Real Ast Incm Fd Brookfield 0.60 -12.88 11.02 54.94 16.96 819 3,766
BTZ BR Cr Alloc Incm Tr BlackRock 0.63 -4.32 9.28 31.59 36.12 1,058 3,256
PAXS PIMCO Access Incm Fd PIMCO 0.65 1.32 11.71 11.72 40.80 665 3,216
PHK PIMCO Hi Incm Fd PIMCO 0.60 6.49 11.71 8.71 20.28 710 2,483
WDI WA Divr Incm Fd Franklin Templeton 0.61 -8.26 11.93 0.00 31.53 815 2,877
HFRO Highland Opp & Incm Fd NexPoint 0.48 -51.21 7.42 0.00 16.14 872 2,705
BHK BR Core Bnd Tr BlackRock 0.58 0.09 8.42 32.88 32.85 574 2,059
PFN PIMCO Incm Stgy Fd II PIMCO 0.61 2.54 11.87 20.96 22.28 605 2,440
AWF AB Glbl Hi Incm Fd AllianceBernstein 0.62 -6.03 7.52 0.00 18.29 959 1,988
ARCC Ares Capital Corp Ares 0.26 4.94 9.51 0.00 49.93 11,204 76,464
BXSL Blackstone Secur Lending Fd Blackstone 0.30 13.99 10.13 0.00 48.47 5,108 30,590
FSK FS KKR Capital Corp FS/KKR 0.25 -24.45 13.85 0.00 53.16 6,850 33,600
OBDC Blue Owl Cap Corp Blue Owl 0.28 -1.49 9.72 0.00 52.38 6,021 29,499
HTGC Hercules Capital Hercules 0.29 58.09 8.85 0.00 45.50 1,810 17,264
MAIN Main Street Cap Corp Main Street Capital 0.28 58.22 6.23 0.00 40.56 2,481 17,000
OCSL Oaktree Splty Lending Oaktree Capital 0.25 0.31 11.46 0.00 49.68 1,511 13,683
PSEC Prospect Capital Corp Prospect Capital 0.25 -37.67 12.95 0.00 51.03 3,693 12,300
GBDC Golub Capital BDC Golub Capital 0.28 6.25 9.77 0.00 54.11 2,564 14,092
CSWC Cap Southwest Corp Capital Southwest 0.26 42.64 9.53 0.00 47.42 721 10,605
GSBD Goldman Sachs BDC Goldman Sachs 0.28 3.63 11.88 0.00 51.86 1,604 9,441
TSLX Sixth St Splty Lending Sixth St Splty Lending 0.25 21.71 8.87 0.00 53.24 1,497 8,555
PFLT PennantPark Flt Rt Cap PennantPark 0.25 -0.98 11.09 0.00 49.38 690 7,507
TRIN Trinity Capital Trinity Capital 0.28 12.21 13.78 0.00 48.79 613 7,413
FDUS Fidus Investment Corp Fidus 0.26 0.31 8.85 0.00 42.76 594 6,071
BBDC Barings BDC Barings 0.29 -18.17 11.27 0.00 53.80 1,196 4,767
NMFC New Mountain Fin Corp New Mountain Capital 0.25 -4.12 10.37 0.00 57.22 1,324 6,103
TCPC BR TCP Capital Corp BlackRock 0.23 -14.71 13.40 0.00 58.19 687 4,234
BCSF Bain Cap Splty Fin BCSF Advisors 0.28 -10.40 10.65 0.00 50.80 1,136 4,008
SLRC SLR Inv Corp SLR Capital 0.26 -16.36 10.84 0.00 46.67 987 3,086
RWAY Runway Gwth Fin Corp Runway Gwth Cap 0.25 -12.44 13.54 0.00 47.27 547 4,188
CGBD Carlyle Secured Lending Carlyle 0.29 -5.59 9.98 0.00 53.26 863 3,286
JFR Nuv Flt Rt Incm Fd Nuveen 0.62 -6.89 11.79 1.93 38.04 1,245 5,961
FSCO FS Cr Opp Corp FS/KKR 0.61 -16.36 12.24 0.00 33.41 1,394 4,227
JQC Nuv Cr Stgs Incm Fd Nuveen 0.62 -6.09 11.68 3.69 38.10 801 4,173
VVR Invsc Sr Incm Tr Invesco 0.60 2.93 12.26 14.55 31.36 626 2,915
XFLT XAI Octgn Flt Rt & Alt Incm Tr XA Investments 0.58 2.46 14.43 0.00 39.28 366 2,316
AIF Apollo Tactical Incm Fd Apollo 0.63 1.21 10.96 0.00 36.15 216 2,035
BGB Blackstone Stgc Cr 2027 Trm Fd Blackstone 0.61 -7.79 9.43 0.00 36.68 573 1,971
FRA BR Flt Rt Incm Stgc Fd BlackRock 0.60 -2.12 11.51 8.28 23.22 465 2,139
AFT Apollo Sr Flt Rt Fd Apollo 0.64 -4.09 11.30 0.00 35.75 236 1,470
EFT EV Flt-Rt Incm Tr Eaton Vance 0.62 -1.49 10.73 0.00 36.70 351 1,383
HYT BR Corp Hi Yld Fd BlackRock 0.40 0.73 9.66 20.15 24.46 1,372 4,415
DLY DbLin Yld Opp Fd Doubleline 0.41 -2.81 8.98 3.48 19.96 769 3,493
ACP abrdn Incm Cr Stgs Fd abrdn 0.41 -2.53 17.29 23.75 28.51 371 2,249
GHY PGIM Glbl Hi Yld Fd Prudential 0.40 -9.75 10.81 31.33 21.52 529 2,221
KIO KKR Incm Opp Fd KKR Credit 0.41 -3.87 11.06 0.00 37.44 372 1,810
EAD Allspring Incm Opp Fd Allspring 0.40 -9.48 9.42 0.00 30.30 430 1,247
ISD PGIM Hi Yld Bnd Fd Prudential 0.41 -6.96 9.82 24.13 20.74 459 1,699
DSU BR Dbt Stgs Fd BlackRock 0.40 2.59 10.67 6.61 22.15 505 1,717
FTHY FT Hi Yld Opp 2027 Trm Fd First Trust 0.40 -7.76 10.85 23.90 12.34 573 2,494
HIO WA Hi Incm Opp Fd Franklin Templeton 0.40 -6.12 10.68 10.56 0.00 404 1,226
FSD FT Hi Incm Lng/Srt Fd First Trust 0.38 -7.34 10.73 47.31 31.95 422 1,306
SDHY PGIM Srt Dur Hi Yld Opp Fd Prudential 0.39 -12.47 8.51 19.00 22.55 429 1,496
NHS NB Hi Yld Stgs Fd Neuberger Berman 0.40 -0.25 13.68 49.91 30.10 206 968
HIX WA Hi Incm Fd II Franklin Templeton 0.35 -4.49 13.15 22.41 27.85 420 1,954
BGH Barings Glbl Srt Dur Hi Yld Fd Barings 0.42 -8.80 8.86 0.00 25.81 315 871
JPC Nuv Pref & Incm Opp Fd Nuveen 0.64 -10.23 8.02 0.00 37.82 2,530 7,453
PTA Tx-Adv Pref Sec Pref Sec & Incm Fd Cohen&Steers 0.65 -6.09 8.35 26.12 35.30 1,134 3,423
FPF FT Imd Dur Pref & Incm Fd First Trust 0.67 -6.02 9.27 14.41 33.43 1,152 3,581
FFC F&C Pref Sec Incm Fd Flaherty & Crumrine 0.64 -9.72 6.85 0.00 39.50 783 2,497
LDP C&S Ltd Dur Pref & Incm Fd Cohen&Steers 0.65 -6.27 7.96 19.45 34.50 612 2,220
PDT JH Prm Div Fd John Hancock 0.67 -1.92 8.41 13.81 39.28 590 1,793
HPS JH Pref Incm Fd III John Hancock 0.64 4.19 8.84 16.51 37.80 457 989
NPFD Nuv Var Rt Pref & Incm Fd Nuveen 0.66 -11.58 8.16 1.63 35.74 480 1,201
CHI Calamos Convt Opp & Incm Calamos 0.88 13.03 10.11 39.14 37.35 750 2,120
CHY Calamos Convt & Hi Incm Fd Calamos 0.85 13.16 10.04 41.20 37.48 809 1,642
NCV Virtus Convt & Incm Fd Virtus 0.78 -12.77 12.71 87.87 37.54 333 1,332
NCZ Virtus Convt & Incm Fd II Virtus 0.78 -13.46 12.72 88.74 38.54 249 1,638
CCD Calamos Dyn Convt & Incm Fd Calamos 0.91 15.66 10.53 33.93 37.03 514 2,110
AVK Advent Convt & Incm Fd Guggenheim Funds 0.85 -3.73 11.86 72.27 41.93 426 1,351
BBN BR Taxable Muni BndTr BlackRock 1.94 -7.11 6.83 20.39 31.67 1,086 4,004
NBB Nuv Taxable Muni Incm Fd Nuveen 1.87 -8.29 5.78 0.00 40.09 489 1,198
ADX Adams Divr Eq Fd Adams Funds 0.97 -14.29 5.03 0.00 0.00 2,761 3,518
AGD abrdn Glbl Dyn Div Fd abrdn 1.36 -13.78 8.15 30.75 0.00 276 624
AOD abrdn Tot Dyn Div Fd abrdn 1.34 -15.00 8.46 34.59 1.44 1,012 2,527
ASG Liberty All-Star Gwth Fd ALPS 0.95 -8.97 8.18 51.16 0.00 350 1,718
BGY BR Enh Intl DivTr BlackRock 1.35 -13.56 7.48 56.78 0.00 629 1,218
BIGZ BR Innovation & Gwth Trm Tr BlackRock 1.33 -14.03 6.86 100.00 0.00 2,031 7,259
BSTZ BR Sci & Tech Trm Tr BlackRock 1.45 -15.52 6.73 77.78 0.00 1,661 6,049
CAF MS China A Shr Fd Morgan Stanley 0.85 -17.93 1.00 0.00 0.00 257 782
CET Cntrl Sec Corp Central Securities 0.95 -19.78 4.64 0.00 0.00 1,411 1,565
CLM Cornerstone Stgc Val Fd Cornerstone 1.29 5.35 17.90 48.85 0.00 1,622 10,339
CRF Cornerstone Tot Rtn Fd Cornerstone 1.31 9.53 17.19 53.20 0.00 729 4,626
ETG EV Tx-Adv Glbl Div Incm Fd Eaton Vance 1.80 -11.94 6.68 0.83 19.80 1,562 2,456
ETO EV Tx-Adv Glbl Div Opp Fd Eaton Vance 0.95 -9.69 6.67 0.00 19.20 448 661
EVT EV Tx-Adv Div Incm Fd Eaton Vance 1.74 -11.41 7.90 7.03 19.70 1,902 2,890
GAB Gabelli Eq Tr Gabelli 0.96 1.50 11.09 52.99 18.00 1,610 3,764
GAM General American Invstr General American Inv 0.94 -18.26 5.90 0.00 13.35 1,304 940
GDV Gabelli Div & Incm Tr Gabelli 1.75 -16.80 5.95 23.92 13.00 2,400 4,336
GLQ Clough Glbl Eq Fd Clough 0.98 -15.92 11.41 99.52 25.09 142 462
HGLB Highland Glbl Alloc Fd NexPoint 1.29 -32.81 12.72 0.00 3.11 258 717
IFN India Fund abrdn 1.01 15.35 8.51 0.00 0.00 539 2,645
IGD Voya Glbl Eq Div & Prm Opp Voya 1.39 -12.77 9.25 66.08 0.00 469 1,133
IIF MS India Inv Fd Morgan Stanley 1.09 -17.93 7.22 0.00 0.00 273 1,092
JCE Nuv Core Eq Alpha Fd Nuveen 0.91 -1.94 9.36 93.55 0.00 225 665
LGI Lzrd Glbl Tot Rtn & Incm Fd Lazard 0.95 -12.18 7.81 69.27 30.20 238 644
MXF Mexico Fund Impulsora del 0.88 -19.97 4.76 9.33 0.00 341 507
NBXG NB Nxt Gen Connectivity Fd Neuberger Berman 1.32 -17.06 10.46 100.00 0.00 1,089 2,911
RMT Royce Micro-Cap Tr Franklin Templeton 0.88 -12.24 6.67 42.93 0.38 512 1,045
RVT Royce Val Tr Franklin Templeton 1.21 -12.93 7.57 4.71 1.87 1,860 3,535
STEW SRH Tot Rtn Fd Paralel Advisors 0.95 -22.52 3.76 49.51 11.77 1,832 1,228
TDF Tmp Dragon Fd Franklin Templeton 0.87 -15.92 0.00 N/A 0.00 239 675
TY Tri-Cont Corp Columbia Mngmt 1.28 -12.90 3.45 0.00 2.20 1,788 1,330
USA Liberty All-Star Eq Fd ALPS 1.40 -2.14 9.93 0.00 0.00 1,957 6,030
EXG EV Tx-Mgd Glbl Divr Eq Incm Eaton Vance 0.23 -11.84 8.25 76.67 0.00 2,793 4,394
BDJ BR Enh Eq Div Tr BlackRock 0.23 -11.74 8.46 17.46 0.00 1,681 4,735
ETY EV Tx-Mgd Divr Eq Incm Fd Eaton Vance 0.24 -6.05 7.41 0.00 0.00 2,185 3,274
BST BR Sci & Tech Tr BlackRock 0.24 0.06 8.30 74.59 0.00 1,253 3,966
QQQX Nuv Nasdaq 100 Dyn Owrt Fd Nuveen 0.22 -9.84 7.24 37.57 0.00 1,256 3,022
ETW EV Tx-Mgd Glbl By-Wrt Opp Eaton Vance 0.23 -13.35 8.68 46.74 0.00 1,018 2,473
ETV EV Tx-Mgd By-Wrt Opp Fd Eaton Vance 0.23 -6.93 8.83 57.23 0.00 1,618 3,361
NFJ Virtus Div Int & Prm Stgy Fd Virtus 0.21 -15.28 9.23 0.00 0.00 1,359 2,759
BXMX Nuv S&P 500 By-Wrt Inc Fd Nuveen 0.22 -10.68 7.34 22.90 0.00 1,502 2,690
BOE BR Enh Glbl DivTr BlackRock 0.23 -14.94 7.38 67.91 0.00 741 1,759
EOS EV Enh Eq Incm Fd II Eaton Vance 0.23 -5.94 6.93 23.32 0.00 1,109 1,690
KYN KA Nrg Infra Fd Kayne Anderson 0.38 -14.56 9.25 9.88 23.81 1,882 5,592
CEM CB MLP & Midstream Fd Franklin Templeton 0.38 -8.20 7.04 33.18 30.49 634 2,024
TYG Tortoise Nrg Infra Corp Tortoise 0.36 -20.08 9.73 42.07 21.20 393 1,358
EMO CB Nrg Midstream Opp Fd Franklin Templeton 0.39 -8.28 6.92 21.51 30.49 540 1,157
NML NB Nrg Infra & Incm Fd Neuberger Berman 0.36 -13.75 9.80 91.67 18.85 470 1,557
SRV NXG Cushing Midstream Nrg Fd Cushing 0.42 3.60 13.39 76.33 25.47 113 1,423
FEI FT MLP & Nrg Incm Fd First Trust 0.38 -2.69 6.39 18.91 17.85 436 1,150
RQI C&S Qlty Incm Rty Fd Cohen&Steers 0.58 -6.43 8.25 7.00 28.80 1,672 5,170
IGR CBRE Clr Glbl Rel-Est Incm Fd CBRE Invst Mgmt 0.59 -6.93 13.74 23.43 25.02 788 4,125
AWP abrdn Glbl Prmr Prop Fd abrdn 0.60 -6.70 12.77 76.75 19.63 344 1,330
RLTY C&S Rel-Est Opp & Incm Fd Cohen&Steers 0.60 -10.97 9.51 65.98 34.40 261 1,194
BMEZ BR Health Sci Trm Tr BlackRock 0.67 -12.34 6.70 100.00 0.00 1,960 7,266
HQH abrdn Health Invstr abrdn 0.61 -14.58 11.58 67.98 0.00 960 3,254
THQ abrdn Health Opp Fd abrdn 0.66 -10.43 10.98 62.93 20.40 908 3,140
HQL abrdn Life Sci Invstr abrdn 0.61 -14.46 11.56 65.56 0.00 422 1,714
PDX Dyn Incm Stgy Fd PIMCO 0.60 -13.26 6.66 23.29 10.29 1,052 2,975
BCX BR Res & Com Stgy Tr BlackRock 0.60 -13.74 7.02 59.46 0.00 866 3,362
GGN GAMCO Glbl Gd NtrRes Incm Gabelli 0.61 -1.55 9.47 85.13 13.00 595 1,506
BGR BR Nrg & Res Tr BlackRock 0.62 -13.49 6.14 46.75 0.00 407 961
ECAT BR ESG Cap Alloc Trm Tr BlackRock 0.36 -10.94 10.89 68.85 0.00 1,891 4,985
CSQ Calamos Stgc Tot Rtn Fd Calamos 0.37 -2.76 7.77 16.67 31.10 2,610 3,608
ZTR Virtus Tot Rtn Fd Virtus 0.34 -12.14 11.05 91.80 30.68 424 1,252
NIE Virtus Eq & Convt Incm Fd Virtus 0.35 -11.89 9.31 57.09 0.00 676 1,593
TBLD Thornburg Incm Bldr Opp Tr Thornburg Inv Mgmt 0.36 -12.49 7.86 15.68 0.00 583 1,641
RIV RiverNorth Opp Fd RiverNorth 0.37 -6.50 13.27 71.11 31.95 268 1,075
CPZ Calamos Lng-Srt Eq & Dyn Incm Calamos 0.36 -14.87 11.20 14.46 25.67 346 1,027
DNP DNP Sel Incm Fd Virtus 0.43 15.87 8.69 28.59 29.14 2,810 6,911
UTG Reaves Util Incm Fd W.H. Reaves 0.40 1.24 8.70 0.00 19.98 2,020 8,660
UTF C&S Infra Fd Cohen&Steers 0.42 -0.49 8.36 23.32 30.10 2,154 6,157
MEGI MainStay CBRE Glbl Infra MTrnd Trm New York Life 0.39 -13.50 12.20 0.00 25.00 740 2,329
DPG D&P Util & Infra Fd Virtus 0.40 -12.79 9.19 84.25 29.66 400 1,455
BUI BR Util Infra & Pwr OppTr BlackRock 0.39 -3.70 6.89 45.21 0.00 492 1,315
IAE Voya AP Hi Div Eq Incm Fd Voya 1.28 -13.21 10.26 72.25 0.00 80 285
AEF abrdn Emrg Mkt Eq Incm Fd abrdn 1.22 -15.26 7.05 78.10 10.23 306 508
CUBA Herzfeld Caribbean Basin Fd Herzfeld Cuba 1.27 -18.97 19.20 91.86 0.00 56 261
BTO JH Fin Opp Fd John Hancock 1.09 -1.47 9.49 0.00 17.91 547 1,574

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