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

Data as of 07/06/2022 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	1,460.76	-0.29	1.07	-6.92	-13.69	-16.71	-15.44	4.32	5.25	7.12	0.61	0.61	-17.49
NAV	1,377.74	-0.17	-0.18	-7.01	-12.32	-14.50	-12.81	3.53	4.89	6.81	-0.01	-0.01	-15.13
Difference		0.11	-1.25	-0.09	1.37	2.21	2.62	-0.79	-0.36	-0.30	-0.62	-0.62	2.36
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.00

2022 - Monthly Performance (%) Show Previous Years
	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	-	-	-	-	-	-	-	-	-	-
NAV	-2.92	-1.40	1.04	-3.28	-5.53	-0.45	-6.68	-12.24	-15.12	-	-	-	-	-	-	-	-	-	-
Difference	0.25	1.48	-0.72	1.02	1.35	0.36	0.54	2.06	2.87	-	-	-	-	-	-	-	-	-	-
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	3.16	-2.03	2.22	3.31	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	-0.98	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	19.72	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	8.73	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	-3.65	-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 -4.16%	1Yr Disc -2.47%	3Yr Disc -4.92%	5Yr Disc -4.66%	Rel Disc Range (3yr) 64.08%
Mkt Yield 9.98%	Lev Adj NAV Yield 8.28%	After Tax Yield* 8.35%	Est Tax Friction* 1.63%	3Yr NAV Volatiliy 20.88
1 Yr RoC 34.73%	3 Yr Dest RoC 28.86%	Leverage 19.87%	Non Lev Exp Ratio 1.53%	Beta (2yr) 0.75
Equity Exposure 57.36%	Bond Exposure 40.43%	# Holdings 161	Cash Weighted Duration 1.37
Comp NAV TR -0.72%	Comp Discount 1.70%	Net Assets (M) 962	Liquidity - 90d (K) 3,719
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

161 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.68	8.48	12.46	0.00	46.45	4,405	20,799
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.66	19.42	13.61	49.65	24.03	1,408	9,042
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.70	-5.12	10.61	0.00	46.96	1,677	7,612
RA	Brkf Real Ast Incm Fd	Brookfield	0.66	10.68	12.95	51.26	29.14	869	4,955
DSL	DbLin Incm Solutions Fd	Doubleline	0.67	-6.61	10.74	0.00	27.88	1,342	4,773
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.66	-6.86	9.26	14.79	31.29	1,091	3,407
HFRO	Highland Incm Fd	Highland Capital	0.66	-26.27	8.19	38.13	13.84	1,040	2,520
BHK	BR Core Bnd Tr	BlackRock	0.68	-2.44	7.72	0.00	39.03	642	2,543
WDI	WA Divr Incm Fd	Franklin Templeton	0.66	-11.54	10.55	2.72	27.90	799	2,300
PHK	PIMCO Hi Incm Fd	PIMCO	0.67	8.90	11.21	2.01	33.52	638	2,255
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.66	-6.95	8.05	0.92	29.27	905	2,120
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.67	8.04	10.87	3.64	33.44	578	2,221
ARCC	Ares Capital Corp	Ares	0.27	-1.94	9.00	0.00	51.81	9,378	68,954
ORCC	Owl Rock Capital Corp	Owl Rock	0.26	-15.79	9.90	0.00	53.27	5,871	34,765
FSK	FS KKR Capital Corp	FS/KKR	0.28	-24.92	13.26	0.00	52.15	7,762	30,484
HTGC	Hercules Capital	Hercules	0.27	27.82	9.54	0.00	49.19	1,340	21,040
MAIN	Main Street Cap Corp	Main Street Capital	0.27	51.83	6.56	0.00	47.99	1,889	16,125
GBDC	Golub Capital BDC	Golub Capital	0.26	-14.14	9.10	0.00	53.00	2,623	14,986
PSEC	Prospect Capital Corp	Prospect Capital	0.27	-33.12	9.96	1.32	42.07	4,239	13,512
BXSL	Blackstone Secur Lending Fd	Blackstone Cr BDC Advis	0.24	-15.38	9.59	0.00	54.57	4,429	9,538
GSBD	Goldman Sachs BDC	Goldman Sachs	0.26	5.32	10.82	0.00	52.64	1,611	8,345
OCSL	Oaktree Splty Lending	Oaktree Capital	0.26	-8.40	9.92	0.00	49.47	1,331	8,261
BBDC	Barings BDC	Barings	0.26	-20.57	10.19	2.79	51.77	1,317	6,834
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.26	10.84	8.77	0.00	45.01	1,288	6,850
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	-10.18	9.85	2.73	58.32	1,366	5,242
SLRC	SLR Inv Corp	SLR Capital	0.27	-23.57	10.97	20.33	36.22	1,071	4,913
PFLT	PennantPark Flt Rt Cap	PennantPark	0.27	-6.10	9.62	0.00	57.92	521	3,789
AINV	Apollo Inv Corp	Apollo	0.27	-30.21	11.25	0.00	59.82	1,003	3,774
CSWC	Cap Southwest Corp	Capital Southwest	0.26	10.14	10.34	0.00	54.27	421	3,779
NEWT	Newtek Biz Serv Corp	Newtek	0.27	19.04	15.28	0.00	45.43	398	3,721
CGBD	TCG BDC	Carlyle	0.27	-24.08	9.85	0.00	52.68	898	3,529
TCPC	BR TCP Capital Corp	BlackRock	0.26	-10.79	9.43	19.57	55.34	824	3,506
TRIN	Trinity Capital	Trinity Capital	0.26	-3.89	11.54	0.00	51.66	578	2,513
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.27	-19.11	9.76	0.00	47.20	1,112	2,876
TPVG	TP Vntr Gwth BDC Corp	TriplePoint Capital	0.26	-7.59	11.26	0.00	48.38	430	2,585
VVR	Invsc Sr Incm Tr	Invesco	0.49	-8.65	8.21	3.78	29.00	637	3,250
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.50	-11.54	9.67	42.58	37.78	799	2,724
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.50	-7.10	6.95	16.40	31.50	437	1,866
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.50	-8.49	9.54	11.46	36.87	516	1,705
EFR	EV Sr Flt-Rt Tr	Eaton Vance	0.49	-1.46	8.04	12.57	35.98	348	1,561
EFT	EV Flt-Rt Incm Tr	Eaton Vance	0.49	-6.63	7.96	7.77	36.90	362	1,504
JRO	Nuv Flt Rt Incm Opp Fd	Nuveen	0.51	-8.34	9.54	7.45	37.04	364	1,475
BGB	Blackstone Stgc Cr Fd	Blackstone	0.49	-10.77	7.24	0.00	36.87	556	1,319
XFLT	XAI Octgn Flt Rt & Alt Incm Trm	XA Investments	0.52	10.17	12.07	15.34	39.59	220	1,370
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.49	-7.22	8.73	44.04	28.71	277	1,124
BGT	BR Flt Rt Incm Fd	BlackRock	0.50	-7.73	6.99	15.31	31.73	269	1,092
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.49	-11.27	9.65	0.00	37.03	313	1,064
HYT	BR Corp Hi Yld Fd	BlackRock	0.37	-0.11	9.85	12.49	28.25	1,161	3,798
DLY	DbLin Yld Opp Fd	Doubleline	0.37	-10.95	9.73	3.95	24.78	775	2,453
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.37	-8.68	11.18	11.63	30.12	581	1,973
DSU	BR Dbt Stgs Fd	BlackRock	0.37	-10.03	7.93	14.70	31.63	474	1,591
HIX	WA Hi Incm Fd II	Franklin Templeton	0.38	-2.54	11.78	5.43	32.90	332	1,549
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.37	-10.36	11.20	15.90	18.79	514	1,374
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.37	-10.69	10.33	13.03	24.88	454	1,264
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	0.37	-3.81	13.02	30.87	36.60	169	1,271
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.37	-10.64	11.11	31.60	29.70	425	1,079
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.38	-10.31	8.61	11.25	24.05	414	1,091
KIO	KKR Incm Opp Fd	KKR Credit	0.37	-10.31	10.81	0.00	37.83	264	1,036
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.37	-8.78	9.95	23.47	23.73	212	959
EAD	Allspring Incm Opp Fd	Allspring	0.37	-9.14	10.94	0.00	26.00	428	921
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.37	-9.84	9.14	10.03	0.00	416	836
PCF	Hi Incm Sec Fd	Hi Incm Sec Fd	0.38	-3.75	11.76	12.84	0.00	136	807
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.37	6.47	15.85	2.77	40.50	172	758
JPS	Nuv Pref & Incm Sec Fd	Nuveen	0.56	-6.65	7.15	0.00	37.39	1,609	4,995
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.55	-8.83	8.21	14.94	34.40	1,152	3,573
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.56	-3.88	8.27	0.00	36.93	841	2,660
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.55	-4.22	8.22	1.70	32.09	1,182	2,562
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.56	1.08	8.48	0.00	36.90	796	2,167
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.55	-6.19	8.23	6.70	31.30	609	1,762
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.53	-4.51	8.79	0.00	36.60	442	1,653
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.56	-6.66	8.95	0.00	36.06	479	1,438
JPI	Nuv Pref & Incm Trm Fd	Nuveen	0.55	-5.17	8.21	0.00	37.25	458	1,067
CHI	Calamos Convt Opp & Incm	Calamos	1.04	8.08	10.15	0.00	37.66	755	2,307
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.00	2.93	10.67	0.00	37.67	812	2,261
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.01	6.30	10.75	0.00	37.64	516	2,106
NCZ	Virtus Convt & Incm Fd II	Virtus	0.96	-14.08	14.75	80.77	42.79	270	1,888
NCV	Virtus Convt & Incm Fd	Virtus	0.99	-8.77	14.01	77.89	42.22	361	1,545
BBN	BR Taxable Muni BndTr	BlackRock	1.95	-2.74	7.85	3.06	34.23	1,177	5,252
NBB	Nuv Taxable Muni Incm Fd	Nuveen	2.01	-0.78	7.29	0.00	41.63	516	1,794
ADX	Adams Divr Eq Fd	Adams Funds	0.92	-14.43	7.37	0.00	0.00	2,149	3,001
AOD	abrdn Tot Dyn Div Fd	abrdn	1.29	-11.33	8.56	20.74	0.00	958	3,025
ASG	Liberty All-Star Gwth Fd	ALPS	0.95	11.11	9.18	0.00	0.00	303	1,474
BGY	BR Enh Intl DivTr	BlackRock	1.28	-10.39	8.11	46.57	0.00	579	1,170
BIGZ	BR Innovation & Gwth Tr	BlackRock	1.36	-14.46	10.07	100.00	0.00	2,312	11,481
BSTZ	BR Sci & Tech Tr II	BlackRock	1.38	-9.69	10.98	0.00	0.00	1,824	6,007
CEE	Cntrl & East Euro Fd	Deutsche	0.89	57.30	9.73	0.00	0.00	39	463
CET	Cntrl Sec Corp	Central Securities	0.90	-13.64	10.71	0.00	0.00	1,105	779
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.36	18.15	23.97	62.99	0.00	1,561	26,300
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.35	19.10	23.84	65.17	0.00	709	12,881
EOD	Allspring Glbl Div Opp Fd	Allspring	1.34	-5.39	12.16	16.17	15.30	201	613
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.91	-1.99	9.59	16.01	19.00	1,266	2,586
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.91	-2.01	9.61	5.89	19.76	367	1,075
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.72	3.72	7.95	0.00	19.14	1,742	2,948
GAB	Gabelli Eq Tr	Gabelli	0.92	26.53	10.16	61.38	21.00	1,430	3,870
GAM	General American Invstr	General American Inv	0.92	-15.09	9.86	0.00	13.35	1,032	1,232
GDV	Gabelli Div & Incm Tr	Gabelli	1.69	-12.14	6.40	3.77	13.00	2,122	3,672
GLQ	Clough Glbl Eq Fd	Clough	1.28	-0.11	15.36	0.00	42.81	168	794
HGLB	Highland Glbl Alloc Fd	Highland Capital	1.28	-19.70	10.10	15.98	8.36	266	931
IDE	Voya Infra Ind & Matrls Fd	Voya	0.88	-11.56	9.65	47.67	0.00	175	510
IFN	India Fund	abrdn	0.93	-7.55	12.63	0.00	0.00	496	1,542
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.28	-10.54	8.84	68.33	0.00	488	1,177
IIF	MS India Inv Fd	Morgan Stanley	0.92	-16.12	4.41	0.00	0.00	293	517
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.95	-0.58	11.55	0.00	0.00	221	803
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	0.90	-4.83	9.74	28.13	25.94	210	604
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.34	-16.15	11.67	81.66	0.00	966	3,660
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.90	-10.04	11.40	16.56	3.91	419	922
RVT	Royce Val Tr	Franklin Templeton	1.32	-2.19	9.80	0.43	3.52	1,547	4,286
SOR	Source Capital	First Pacific	0.90	-7.04	5.96	0.00	0.00	336	758
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.91	-16.00	4.01	26.55	12.00	1,394	854
TDF	Tmp Dragon Fd	Franklin Templeton	0.90	-9.48	6.55	0.00	0.00	528	803
TY	Tri-Cont Corp	Columbia Mngmt	1.32	-10.95	4.17	0.00	1.90	1,638	1,521
USA	Liberty All-Star Eq Fd	ALPS	1.34	6.20	11.06	1.94	0.00	1,559	7,780
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.23	-3.68	10.53	12.47	0.00	2,482	5,833
BST	BR Sci & Tech Tr	BlackRock	0.23	-2.16	8.96	0.00	0.00	1,098	5,069
BDJ	BR Enh Eq Div Tr	BlackRock	0.23	-0.22	7.44	0.00	0.00	1,689	4,597
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.23	7.40	9.54	91.42	0.00	1,364	4,169
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.24	1.69	8.66	26.89	0.00	1,045	4,124
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.23	-12.27	8.26	0.00	0.00	1,283	3,421
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.23	1.92	9.54	25.25	0.00	1,766	3,127
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.23	-2.88	10.34	10.55	0.00	946	2,918
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.24	-0.31	7.36	44.66	0.00	1,342	2,810
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.24	0.18	9.69	18.32	0.00	868	2,626
ETJ	EV Risk-Mgd Divr Eq Incm Fd	Eaton Vance	0.23	2.65	10.72	42.52	0.00	541	1,870
BOE	BR Enh Glbl DivTr	BlackRock	0.23	-11.80	7.72	9.06	0.00	707	1,674
KYN	KA Nrg Infra Fd	Kayne Anderson	0.29	-12.64	10.06	92.73	24.39	1,239	6,778
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.29	-16.86	8.75	56.26	29.50	444	1,897
TYG	Tortoise Nrg Infra Corp	Tortoise	0.29	-19.48	9.99	63.53	22.60	421	1,717
FEI	FT MLP & Nrg Incm Fd	First Trust	0.29	-10.65	8.22	42.72	18.78	370	1,475
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.29	-18.07	8.73	57.47	30.12	361	1,371
KMF	KA NextGen Nrg & Infra	Kayne Anderson	0.29	-17.39	8.86	97.73	25.25	413	1,184
NML	NB MLP & Nrg Incm Fd	Neuberger Berman	0.29	-17.96	4.26	100.00	14.23	401	1,047
FEN	FT Nrg Incm & Gwth Fd	First Trust	0.29	7.17	7.87	47.65	20.16	277	965
CTR	CB MLP & Midstream Tot Rtn Fd	Franklin Templeton	0.29	-18.09	8.41	50.46	27.10	211	970
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.94	-2.43	6.83	0.00	23.90	1,935	4,855
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.89	-3.63	10.06	9.84	25.74	866	2,467
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.90	-3.54	9.78	62.29	20.80	435	2,098
BMEZ	BR Health Sci Tr II	BlackRock	0.70	-12.31	10.22	0.00	0.00	2,176	7,281
HQH	Tekla Health Invstr	Tekla	0.70	-4.89	9.13	17.74	0.00	939	2,235
THQ	Tekla Health Opp Fd	Tekla	0.70	-6.10	6.60	28.54	18.57	902	1,866
THW	Tekla Wld Health Fd	Tekla	0.69	9.70	9.53	72.30	17.85	501	1,873
BCX	BR Res & Com Stgy Tr	BlackRock	0.81	-14.75	6.67	47.58	0.00	838	2,817
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.84	-4.03	10.81	88.33	12.00	535	2,484
BGR	BR Nrg & Res Tr	BlackRock	0.85	-12.89	5.73	50.35	0.00	336	1,801
ECAT	BR ESG Cap Alloc Tr	BlackRock	0.39	-15.76	8.34	65.53	0.00	1,788	5,328
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.40	-1.38	9.06	0.00	32.71	2,174	3,916
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.40	-12.69	9.41	0.00	0.00	675	2,228
GLO	Clough Glbl Opp Fd	Clough	0.39	1.92	15.19	0.00	43.22	302	1,533
RIV	RiverNorth Opp Fd	RiverNorth	0.39	7.91	14.24	37.85	16.61	239	1,457
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.38	-11.96	8.71	0.00	0.00	523	1,264
FOF	C&S CE Opp Fd	Cohen&Steers	0.40	-1.08	9.49	16.83	0.00	304	1,083
UTG	Reaves Util Incm Fd	W.H. Reaves	0.45	-0.03	7.37	0.00	15.86	2,057	7,408
DNP	DNP Sel Incm Fd	Virtus	0.45	15.26	7.22	19.92	24.73	3,218	7,042
UTF	C&S Infra Fd	Cohen&Steers	0.45	-0.32	7.38	0.00	25.90	2,400	4,081
MEGI	MainStay CBRE Glbl Infra MTrnd	New York Life	0.45	-12.82	8.20	0.00	28.00	909	2,466
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.43	-2.05	6.89	22.21	0.00	475	1,372
DPG	D&P Util & Infra Fd	Virtus	0.44	8.99	10.31	81.79	28.59	473	1,318
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.74	-10.93	12.87	87.30	0.00	89	247
IHD	Voya Emrg Mkt Hi Div Eq Fd	Voya	0.73	-12.26	13.24	89.53	0.00	116	380
FDEU	FT Dyn Euro Eq Incm Fd	First Trust	0.75	-11.96	6.70	21.41	24.00	210	416
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.78	-12.58	26.28	100.00	0.00	28	87
BTO	JH Fin Opp Fd	John Hancock	0.76	13.38	7.18	13.02	14.64	607	1,572

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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