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

Data as of 01/23/2025 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	2,101.32	0.18	1.53	2.09	9.45	15.63	27.15	8.16	8.65	8.13	3.94	3.94	3.94
NAV	1,834.16	0.24	1.35	2.22	2.42	7.35	15.55	5.57	6.89	6.64	2.84	2.84	2.84
Difference		0.06	-0.18	0.13	-7.03	-8.27	-11.59	-2.59	-1.76	-1.50	-1.10	-1.10	-1.10
* 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 (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2024
Price	1.89	2.22	2.96	7.23	-2.79	3.71	1.66	2.49	9.90	2.78	2.09	2.30	7.34	-1.44	7.44	-1.34	4.48	12.14	23.24
NAV	-0.01	2.05	2.65	4.74	-2.28	2.84	0.94	1.45	6.25	2.24	1.87	1.82	6.04	-1.08	3.14	-2.95	-0.98	5.01	11.57
Difference	-1.90	-0.18	-0.31	-2.49	0.51	-0.86	-0.72	-1.04	-3.65	-0.54	-0.22	-0.48	-1.29	0.36	-4.30	-1.62	-5.46	-7.14	-11.67
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 -3.98%	1Yr Disc -5.58%	3Yr Disc -6.14%	5Yr Disc -5.48%	Rel Disc Range (3yr) 55.43%
Mkt Yield 10.00%	Lev Adj NAV Yield 8.30%	After Tax Yield* 8.60%	Est Tax Friction* 1.40%	3Yr NAV Volatiliy 14.52
1 Yr RoC 44.71%	3 Yr Dest RoC 27.61%	Leverage 18.28%	Non Lev Exp Ratio 1.61%	Beta (2yr) 0.66
Equity Exposure 57.53%	Bond Exposure 40.35%	# Holdings 151	Cash Weighted Duration 1.23
Comp NAV TR 0.23%	Comp Discount -4.65%	Net Assets (M) 1,102	Liquidity - 90d (K) 4,161
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

151 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.63	11.30	13.92	20.37	32.48	6,030	37,478
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.60	30.09	14.36	56.71	17.31	1,859	13,733
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.61	5.14	11.19	6.52	36.72	1,614	9,853
DSL	DbLin Incm Solutions Fd	Doubleline	0.60	1.04	10.48	11.89	22.81	1,373	5,549
PAXS	PIMCO Access Incm Fd	PIMCO	0.63	3.39	11.31	10.40	38.83	679	4,650
WDI	WA Divr Incm Fd	Franklin Templeton	0.63	-2.22	11.90	0.00	31.38	793	3,372
PHK	PIMCO Hi Incm Fd	PIMCO	0.61	4.90	11.71	9.26	13.06	787	3,125
RA	Brkf Real Ast Incm Fd	Brookfield	0.61	-9.02	10.56	22.11	20.23	814	3,010
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.61	-5.69	9.49	33.39	33.66	1,050	2,943
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.61	-4.92	7.26	0.00	15.10	982	2,604
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.60	1.59	10.07	36.90	37.40	578	2,516
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.60	3.91	11.58	9.62	11.08	651	2,286
HFRO	Highland Opp & Incm Fd	NexPoint	0.65	-56.11	8.19	0.00	14.86	850	2,217
ARCC	Ares Capital Corp	Ares	0.26	18.26	8.21	0.00	49.82	12,773	100,954
BXSL	Blackstone Secur Lending Fd	Blackstone	0.25	19.95	9.42	0.00	51.64	5,909	31,643
FSK	FS KKR Capital Corp	FS/KKR	0.25	-5.46	11.37	0.00	53.36	6,671	30,025
OBDC	Blue Owl Cap Corp	Blue Owl	0.49	-3.08	10.01	0.00	54.94	7,796	30,614
MAIN	Main Street Cap Corp	Main Street Capital	0.25	92.23	4.93	0.00	43.17	2,791	27,319
HTGC	Hercules Capital	Hercules	0.25	83.60	7.64	0.00	47.57	1,852	22,395
GBDC	Golub Capital BDC	Golub Capital	0.25	1.84	10.08	0.00	53.12	4,014	19,585
PSEC	Prospect Capital Corp	Prospect Capital	0.25	-46.05	12.36	0.00	51.18	3,533	16,531
OCSL	Oaktree Splty Lending	Oaktree Capital	0.25	-13.54	14.07	0.00	51.24	1,488	12,251
GSBD	Goldman Sachs BDC	Goldman Sachs	0.25	-7.09	14.31	0.00	52.97	1,588	12,828
CSWC	Cap Southwest Corp	Capital Southwest	0.25	34.48	10.40	0.00	48.93	791	12,736
MSDL	MS Direct Lending Fd	MS Cap Patnr Advis	0.25	-0.14	9.62	0.00	48.55	1,849	10,201
PFLT	PennantPark Flt Rt Cap	PennantPark	0.25	-0.79	10.91	0.00	55.81	945	9,450
TRIN	Trinity Capital	Trinity Capital	0.26	13.63	13.67	0.00	52.61	773	8,232
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.25	28.62	8.36	0.00	52.99	1,598	7,234
NMFC	New Mountain Fin Corp	New Mountain Capital	0.25	-9.27	11.18	0.00	59.14	1,361	6,630
TCPC	BR TCP Capital Corp	BlackRock	0.26	-8.31	14.67	0.00	57.03	865	5,478
MFIC	MidCap Fin Invt Corp	Apollo	0.25	-9.27	11.09	0.00	55.31	1,416	5,159
FDUS	Fidus Investment Corp	Fidus	0.26	14.01	7.77	0.00	40.60	659	4,590
HRZN	Horizon Tech Fin Corp	Horizon Tech Fin	0.26	2.76	14.18	0.00	55.10	345	4,457
BBDC	Barings BDC	Barings	0.25	-12.63	10.52	0.00	52.55	1,195	4,346
RWAY	Runway Gwth Fin Corp	Runway Gwth Cap	0.25	-14.86	14.04	0.00	50.44	501	4,287
NCDL	Nuv Churchill Direct Lending	Churchill DLC Advis	0.25	-6.67	10.63	0.00	51.14	989	4,614
FSCO	FS Cr Opp Corp	FS/KKR	0.67	-2.08	10.96	0.00	34.63	1,430	5,520
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.64	-0.76	14.13	5.88	38.65	493	4,859
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.62	-7.07	11.93	10.01	38.15	1,233	5,925
VVR	Invsc Sr Incm Tr	Invesco	0.67	4.09	11.20	14.21	32.32	600	3,838
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.64	-4.78	11.61	15.37	38.24	795	3,387
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.65	-4.20	8.66	0.00	37.04	575	2,290
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.61	0.70	11.48	22.66	23.61	454	2,601
BGT	BR Flt Rt Incm Fd	BlackRock	0.64	0.96	11.40	23.34	16.80	323	1,916
FCT	FT Sr Flt Rt Incm Fd II	First Trust	0.66	-4.06	11.20	23.67	10.71	281	1,325
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.47	-5.28	15.25	48.08	25.86	808	6,082
HYT	BR Corp Hi Yld Fd	BlackRock	0.45	1.24	9.51	21.08	21.51	1,499	5,215
DLY	DbLin Yld Opp Fd	Doubleline	0.45	-0.75	8.81	0.85	18.96	771	3,031
DSU	BR Dbt Stgs Fd	BlackRock	0.45	1.04	11.05	22.54	15.51	552	2,407
KIO	KKR Incm Opp Fd	KKR Credit	0.44	-1.89	11.22	0.00	34.89	359	1,950
HIX	WA Hi Incm Fd II	Franklin Templeton	0.46	-4.22	13.64	33.28	32.58	405	2,051
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.48	-1.44	9.69	30.37	20.03	540	2,611
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.45	-4.83	10.81	21.40	0.00	394	1,880
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	0.46	-1.34	9.18	0.00	23.14	163	1,645
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.46	-1.00	9.06	27.70	20.46	467	1,778
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.47	-6.22	7.81	25.51	22.29	436	1,415
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.46	-4.37	10.24	44.07	21.68	563	1,668
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.47	-0.06	9.18	0.00	26.29	321	1,219
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.62	0.13	10.03	8.89	38.20	2,546	8,057
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.62	-5.34	8.18	18.75	33.80	1,148	3,347
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.63	-3.99	8.90	30.04	42.35	1,174	2,930
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.63	-6.73	6.92	0.00	37.90	824	2,116
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.63	-5.51	10.65	28.74	37.22	483	1,741
PDT	JH Prm Div Fd	John Hancock	0.61	-3.46	7.72	22.65	36.56	653	1,604
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.62	-5.69	7.65	5.98	32.80	634	1,618
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.63	-7.33	6.74	0.00	37.90	454	1,105
AVK	Advent Convt & Incm Fd	Guggenheim Funds	1.01	-2.72	11.57	71.01	39.06	552	2,529
NCV	Virtus Convt & Incm Fd	Virtus	1.01	-8.84	11.30	98.28	36.59	358	2,104
CHY	Calamos Convt & Hi Incm Fd	Calamos	0.92	4.88	10.54	80.48	37.56	837	1,978
CCD	Calamos Dyn Convt & Incm Fd	Calamos	0.99	24.17	9.57	61.95	37.26	530	1,371
CHI	Calamos Convt Opp & Incm	Calamos	0.94	11.80	9.95	80.28	37.44	775	1,689
BBN	BR Taxable Muni BndTr	BlackRock	1.96	-4.82	6.88	18.76	32.22	1,052	3,851
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	1.97	2.12	9.78	44.34	22.22	401	2,398
ADX	Adams Divr Eq Fd	Adams Funds	1.16	-10.08	8.85	0.00	0.00	2,662	6,806
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	1.75	-10.60	7.41	90.28	11.73	307	665
AGD	abrdn Glbl Dyn Div Fd	abrdn	1.29	-7.78	12.80	44.96	0.34	278	1,326
AOD	abrdn Tot Dyn Div Fd	abrdn	1.27	-9.91	13.75	46.14	0.00	1,022	4,487
ASG	Liberty All-Star Gwth Fd	ALPS	0.84	-6.96	7.97	0.00	0.00	389	1,590
BGY	BR Enh Intl DivTr	BlackRock	1.26	-9.36	9.26	30.13	0.00	581	1,533
BIGZ	BR Innovation & Gwth Trm Tr	BlackRock	1.21	-7.13	12.69	100.00	0.00	1,886	6,366
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.29	-9.33	11.96	57.97	0.00	1,760	4,508
CAF	MS China A Shr Fd	Morgan Stanley	0.76	-18.86	2.65	0.00	0.00	261	500
CET	Cntrl Sec Corp	Central Securities	0.80	-14.86	4.74	0.00	0.00	1,582	1,488
CLM	Cornerstone Stgc Inv Fd	Cornerstone	1.13	24.86	16.71	68.23	0.00	1,749	18,242
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.12	31.49	15.91	62.69	0.00	780	8,717
EMF	Tmp Emrg Mkt Fd	Franklin Templeton	0.79	-15.37	4.18	29.16	2.29	218	530
EOD	Allspring Glbl Div Opp Fd	Allspring	0.79	-13.32	9.61	0.00	19.70	249	682
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.80	-9.60	8.16	9.21	19.11	1,606	2,415
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.80	-7.84	7.93	4.85	17.90	466	614
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.69	-8.43	8.04	0.00	18.57	1,999	2,821
GAB	Gabelli Eq Tr	Gabelli	0.79	0.73	10.85	73.50	18.00	1,673	3,282
GAM	General American Invstr	General American Inv	0.80	-12.03	8.45	0.00	11.60	1,411	1,655
GDV	Gabelli Div & Incm Tr	Gabelli	1.72	-13.00	6.69	13.85	16.00	2,592	3,526
GLQ	Clough Glbl Eq Fd	Clough	0.81	-13.56	11.13	100.00	24.80	153	634
IDE	Voya Infra Ind & Matrls Fd	Voya	1.28	-9.18	11.33	31.62	0.00	177	971
IFN	India Fund	abrdn	0.83	-7.29	12.48	0.00	0.00	680	3,512
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.24	-7.73	10.93	78.60	0.00	469	1,421
IIF	MS India Inv Fd	Morgan Stanley	0.82	-14.48	10.32	0.00	0.00	276	1,230
JOF	Japan Sml Caplz Fd	Nomura	0.77	-17.42	4.09	0.00	0.00	262	505
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	0.81	-8.60	10.74	33.96	29.73	238	847
MXF	Mexico Fund	Impulsora del	0.80	-21.17	6.40	17.53	0.00	256	1,145
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.19	-11.48	8.75	100.00	0.00	1,221	3,046
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.80	-11.30	7.25	0.01	0.36	583	1,131
RVT	Royce Small-Cap Tr	Franklin Templeton	1.16	-5.92	10.55	0.15	1.70	2,045	4,782
SPE	Spl Opp Fd	Bulldog	0.80	-10.20	8.65	16.39	24.32	180	731
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.80	-22.37	3.97	0.00	10.03	2,071	1,545
TDF	Tmp Dragon Fd	Franklin Templeton	0.77	-16.98	1.37	0.00	0.00	258	680
TWN	Taiwan Fund	Nomura	0.93	-18.20	1.01	0.00	0.00	316	983
TY	Tri-Cont Corp	Columbia Mngmt	0.80	-11.02	3.48	0.00	1.90	1,908	1,544
USA	Liberty All-Star Eq Fd	ALPS	1.19	0.00	9.32	0.00	0.00	2,109	4,932
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.25	-8.54	9.20	49.90	0.00	2,870	4,561
BST	BR Sci & Tech Tr	BlackRock	0.26	-6.03	7.73	9.35	0.00	1,433	4,324
BDJ	BR Enh Eq Div Tr	BlackRock	0.26	-5.38	8.45	12.97	0.00	1,644	4,469
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.25	-1.29	7.76	0.00	0.00	2,447	3,554
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.25	-8.71	8.07	58.57	0.00	1,485	3,080
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.25	1.83	7.47	41.41	0.00	1,257	2,703
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.25	-8.98	9.24	31.18	0.00	1,038	2,592
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.25	-9.65	9.37	21.62	0.00	1,366	2,833
CII	BR Enh Large Cap Core Fd	BlackRock	0.25	-6.77	8.03	0.00	0.00	948	2,444
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.24	-4.73	8.22	46.60	0.00	1,777	2,788
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.24	-9.18	7.70	89.94	0.00	1,623	2,381
KYN	KA Nrg Infra Fd	Kayne Anderson	0.94	-10.23	7.11	5.76	20.00	2,545	6,394
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.97	-9.75	7.75	0.00	25.59	1,030	2,535
SRV	NXG Cushing Midstream Nrg Fd	Cushing	0.97	0.27	11.05	94.49	28.37	195	2,270
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.70	-0.93	7.48	23.51	26.70	1,742	4,597
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.71	2.80	14.01	59.97	32.55	707	3,985
RLTY	C&S Rel-Est Opp & Incm Fd	Cohen&Steers	0.69	-4.91	8.63	63.22	32.30	269	1,387
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.70	1.78	11.97	82.83	19.35	337	1,346
BMEZ	BR Health Sci Trm Tr	BlackRock	0.76	-4.59	13.03	90.08	0.00	1,742	7,207
HQH	abrdn Health Invstr	abrdn	0.75	-9.25	14.12	71.76	0.00	1,026	4,157
THQ	abrdn Health Opp Fd	abrdn	0.73	-0.96	10.44	78.08	19.60	864	3,760
BME	BR Health Sci Tr	BlackRock	0.71	-6.28	7.80	42.43	0.00	570	2,498
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.95	-1.22	8.89	78.61	11.00	633	2,249
BCX	BR Res & Com Stgy Tr	BlackRock	0.96	-8.15	9.05	75.39	0.00	807	2,359
NXG	NXG NextGen Infra Incm Fd	Cushing	0.99	-0.54	12.66	100.00	27.81	180	1,790
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.39	-6.35	21.96	91.73	0.00	1,782	4,690
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.40	-1.96	6.65	82.06	31.42	3,026	3,601
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.39	-5.94	7.94	23.20	0.00	742	1,627
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.40	-9.49	7.37	5.15	0.00	602	1,408
ZTR	Virtus Tot Rtn Fd	Virtus	0.39	-8.99	10.05	97.50	29.65	405	1,841
CHW	Calamos Glbl Dyn Incm Fd	Calamos	0.39	-10.42	8.62	8.33	35.01	496	1,096
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.40	-10.02	10.87	11.31	26.60	337	1,181
UTG	Reaves Util Incm Fd	W.H. Reaves	0.48	-1.08	6.70	2.06	18.51	3,018	9,289
DNP	DNP Sel Incm Fd	Virtus	0.47	4.05	8.44	28.21	25.07	3,281	6,512
UTF	C&S Infra Fd	Cohen&Steers	0.45	0.96	7.66	3.98	27.60	2,321	4,740
ASGI	abrdn Glbl Infra Incm Fd	abrdn	0.46	-8.39	13.40	45.30	0.00	566	3,422
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	0.46	-9.04	11.83	25.00	23.50	726	2,681
GUT	Gabelli Util Tr	Gabelli	0.48	75.56	10.99	94.33	15.00	272	1,628
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.92	-12.04	12.56	90.14	0.00	78	276
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	1.02	-23.20	37.96	76.17	0.00	50	111
BTO	JH Fin Opp Fd	John Hancock	0.91	2.62	7.05	27.67	14.58	709	1,756

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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