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

Data as of 04/17/2025 03/31/2025 02/28/2025 01/31/2025 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	1,946.79	0.76	2.63	-5.25	-5.69	0.54	16.18	5.94	12.96	6.95	-5.56	-5.56	-3.70
NAV	1,728.68	0.33	1.87	-3.69	-4.11	-4.24	6.99	3.94	9.87	5.68	-3.51	-3.51	-3.07
Difference		-0.43	-0.75	1.56	1.58	-4.78	-9.19	-2.00	-3.09	-1.27	2.04	2.04	0.63
* Periods greater than 1 Year are annualized.      ** On Inception Date (12/30/16), Index Price was $1,000 and NAV was $1,000.02

2025 - Monthly Performance (%) Show Previous Years
	Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	1H	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4	2H	2025
Price	4.26	-0.54	-1.67	1.96	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	2.75	-0.18	-2.05	0.46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-1.51	0.36	-0.38	-1.50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	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 -5.88%	1Yr Disc -5.23%	3Yr Disc -6.47%	5Yr Disc -5.78%	Rel Disc Range (3yr) 49.30%
Mkt Yield 10.83%	Lev Adj NAV Yield 8.82%	After Tax Yield* 9.23%	Est Tax Friction* 1.60%	3Yr NAV Volatiliy 14.60
1 Yr RoC 39.99%	3 Yr Dest RoC 28.88%	Leverage 18.53%	Non Lev Exp Ratio 1.60%	Beta (2yr) 0.68
Equity Exposure 56.53%	Bond Exposure 41.02%	# Holdings 153	Cash Weighted Duration 1.30
Comp NAV TR -0.10%	Comp Discount -0.84%	Net Assets (M) 1,001	Liquidity - 90d (K) 4,249
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

153 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.59	8.76	14.81	21.11	32.41	6,048	48,779
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.60	29.22	15.25	57.04	16.94	1,868	17,874
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.62	4.20	11.67	5.99	34.18	1,613	8,896
DSL	DbLin Incm Solutions Fd	Doubleline	0.60	-1.35	11.30	13.29	22.05	1,303	5,789
PAXS	PIMCO Access Incm Fd	PIMCO	0.61	1.42	11.95	8.11	38.49	666	3,283
PHK	PIMCO Hi Incm Fd	PIMCO	0.61	1.11	12.60	7.40	7.61	770	3,768
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.62	-6.59	9.86	30.76	34.51	1,020	2,995
RA	Brkf Real Ast Incm Fd	Brookfield	0.63	-11.05	11.20	15.54	24.24	785	2,637
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.62	-1.93	10.81	34.15	34.69	586	2,626
WDI	WA Divr Incm Fd	Franklin Templeton	0.62	-5.65	13.02	0.00	32.02	751	2,763
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.62	-7.66	7.76	0.00	17.10	946	2,552
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.62	2.32	12.20	7.49	8.21	636	2,574
HFRO	Highland Opp & Incm Fd	NexPoint	0.61	-60.29	9.51	0.00	15.84	677	1,541
ARCC	Ares Capital Corp	Ares	0.24	2.56	9.41	0.00	48.58	13,356	112,351
OBDC	Blue Owl Cap Corp	Blue Owl	0.26	-9.24	10.69	0.00	53.79	7,796	59,794
FSK	FS KKR Capital Corp	FS/KKR	0.26	-17.26	13.09	0.00	51.94	6,621	41,385
BXSL	Blackstone Secur Lending Fd	Blackstone	0.24	5.51	10.66	0.00	52.38	6,240	39,080
MAIN	Main Street Cap Corp	Main Street Capital	0.25	68.40	5.63	0.00	41.44	2,803	31,726
HTGC	Hercules Capital	Hercules	0.24	50.43	9.12	0.00	46.17	2,019	23,186
GBDC	Golub Capital BDC	Golub Capital	0.25	-6.61	11.04	0.00	54.61	4,017	23,842
PFLT	PennantPark Flt Rt Cap	PennantPark	0.23	-14.37	12.67	0.00	57.26	997	15,243
MSDL	MS Direct Lending Fd	MS Cap Patnr Advis	0.26	-7.11	10.35	0.00	50.45	1,842	13,990
OCSL	Oaktree Splty Lending	Oaktree Capital	0.25	-18.60	11.15	0.00	51.16	1,450	12,488
CSWC	Cap Southwest Corp	Capital Southwest	0.23	18.63	11.79	0.00	51.43	839	12,142
PSEC	Prospect Capital Corp	Prospect Capital	0.23	-54.59	15.17	0.00	57.04	3,471	10,573
GSBD	Goldman Sachs BDC	Goldman Sachs	0.24	-21.03	12.09	0.00	53.46	1,573	9,828
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.24	19.06	9.01	0.00	53.07	1,607	10,120
TRIN	Trinity Capital	Trinity Capital	0.26	7.27	14.25	0.00	49.47	823	8,836
MFIC	MidCap Fin Invt Corp	Apollo	0.24	-21.50	12.93	0.00	55.07	1,405	6,505
TCPC	BR TCP Capital Corp	BlackRock	0.22	-26.44	14.73	0.00	58.57	785	4,829
BBDC	Barings BDC	Barings	0.24	-22.94	11.95	0.00	53.81	1,190	5,224
NMFC	New Mountain Fin Corp	New Mountain Capital	0.23	-22.39	13.14	0.00	57.32	1,354	5,420
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.24	-15.24	11.23	0.00	52.82	1,140	5,249
NCDL	Nuv Churchill Direct Lending	Churchill DLC Advis	0.24	-16.50	11.86	0.00	51.70	971	4,340
FDUS	Fidus Investment Corp	Fidus	0.24	-4.04	9.27	0.00	40.79	656	4,590
CGBD	Carlyle Secured Lending	Carlyle	0.25	-13.15	10.97	0.00	53.40	856	4,051
HRZN	Horizon Tech Fin Corp	Horizon Tech Fin	0.24	-0.47	15.73	0.00	57.44	340	3,177
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.67	-7.81	12.90	8.42	35.01	1,381	9,491
FSCO	FS Cr Opp Corp	FS/KKR	0.66	-8.55	11.67	0.00	37.49	1,438	6,765
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.66	-10.05	12.93	12.94	38.92	755	5,546
VVR	Invsc Sr Incm Tr	Invesco	0.66	-4.86	12.95	14.56	34.36	567	3,707
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.67	-3.34	16.80	0.00	39.60	431	3,402
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.66	-1.31	12.28	25.50	24.00	433	2,269
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.67	-6.35	9.28	0.00	37.27	549	2,383
BGT	BR Flt Rt Incm Fd	BlackRock	0.67	-2.26	12.35	26.81	18.95	322	1,756
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.66	-6.03	10.20	0.00	38.55	323	1,602
HYT	BR Corp Hi Yld Fd	BlackRock	0.47	-1.18	10.18	21.07	21.14	1,463	7,464
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.46	-6.59	16.82	42.14	29.04	743	4,125
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.44	-5.20	10.47	29.61	20.63	519	2,886
KIO	KKR Incm Opp Fd	KKR Credit	0.46	-7.21	12.73	0.00	35.15	513	3,148
DSU	BR Dbt Stgs Fd	BlackRock	0.46	-2.36	11.96	26.32	15.43	553	2,846
DLY	DbLin Yld Opp Fd	Doubleline	0.45	-4.16	9.49	3.70	17.48	741	2,479
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.47	-5.53	11.33	23.74	0.00	378	2,168
CIK	CS Ast Mgmt Incm Fd	Credit Suisse	0.46	-5.26	10.00	0.00	25.81	156	1,903
HIX	WA Hi Incm Fd II	Franklin Templeton	0.47	-5.88	14.70	33.58	32.58	383	1,863
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.45	-4.00	9.71	28.02	18.93	449	1,624
NHS	NB Hi Yld Stgs Fd	Neuberger Berman	0.47	0.68	14.72	47.55	23.50	220	1,405
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.47	-6.19	10.88	22.64	20.78	541	1,332
MCI	Barings Corp Invstr	Barings	0.44	21.47	7.62	0.00	8.99	485	1,093
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.62	-3.79	10.84	9.36	38.20	2,462	8,372
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.63	-6.72	8.72	17.88	34.30	1,093	2,340
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.62	-6.55	9.64	27.29	34.91	1,114	2,281
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.63	-8.84	7.33	0.00	37.60	796	1,955
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.63	-7.98	8.16	4.26	33.10	609	1,550
PDT	JH Prm Div Fd	John Hancock	0.63	-6.57	8.00	7.76	35.49	651	1,461
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.65	-5.11	11.05	26.99	37.40	463	1,299
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.64	-8.89	7.09	0.00	37.60	439	1,164
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.04	5.11	12.16	39.16	38.43	737	2,857
CHI	Calamos Convt Opp & Incm	Calamos	1.06	8.21	11.85	38.41	38.28	683	2,599
AVK	Advent Convt & Incm Fd	Guggenheim Funds	0.99	-2.53	13.05	70.66	39.06	488	1,695
NCV	Virtus Convt & Incm Fd	Virtus	1.02	-9.64	13.09	98.04	38.06	312	1,584
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.01	22.93	11.49	26.44	38.95	447	1,318
BBN	BR Taxable Muni BndTr	BlackRock	2.00	-6.52	7.07	17.00	32.59	1,042	2,353
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	2.04	1.28	10.06	44.02	26.05	398	1,541
ADX	Adams Divr Eq Fd	Adams Funds	1.15	-9.55	10.34	3.42	0.00	2,363	5,629
AEF	abrdn Emrg Mkt ex-China Fd	abrdn	1.62	-13.88	12.40	97.41	12.85	228	1,374
AGD	abrdn Glbl Dyn Div Fd	abrdn	1.26	-6.85	13.87	36.94	6.70	254	1,195
AOD	abrdn Tot Dyn Div Fd	abrdn	1.25	-9.95	13.57	40.93	4.93	932	4,383
ASG	Liberty All-Star Gwth Fd	ALPS	0.79	-7.44	8.70	0.00	0.00	299	1,576
BGY	BR Enh Intl DivTr	BlackRock	1.24	-9.31	9.72	44.56	0.00	539	1,885
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.24	-8.13	15.91	46.04	0.00	1,284	4,649
BTX	BR Tech & Pvt Eq Trm Tr	BlackRock	1.13	-5.76	17.21	100.00	0.00	1,333	4,919
CEE	Cntrl & East Euro Fd	Deutsche	0.79	2.41	2.60	0.00	0.00	85	1,194
CET	Cntrl Sec Corp	Central Securities	0.79	-18.00	5.30	0.00	0.00	1,499	1,242
CLM	Cornerstone Stgc Inv Fd	Cornerstone	1.12	17.29	21.23	72.79	0.00	1,491	17,317
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.12	19.57	20.86	76.04	0.00	666	8,948
EMF	Tmp Emrg Mkt Fd	Franklin Templeton	1.57	-13.37	7.22	20.39	2.21	211	584
EOD	Allspring Glbl Div Opp Fd	Allspring	0.82	-10.19	10.45	0.00	16.60	228	612
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.80	-7.07	8.94	20.38	19.40	1,426	2,497
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.79	-7.71	8.95	4.32	18.70	412	686
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.52	-8.70	9.28	0.00	18.90	1,738	3,259
GAB	Gabelli Eq Tr	Gabelli	0.80	8.44	11.39	66.33	18.00	1,493	3,181
GAM	General American Invstr	General American Inv	0.81	-12.84	0.51	0.00	12.29	1,318	1,349
GDV	Gabelli Div & Incm Tr	Gabelli	1.55	-12.96	7.47	22.64	16.00	2,305	3,519
HGLB	Highland Glbl Alloc Fd	NexPoint	0.75	-37.44	14.23	0.00	3.68	273	796
IDE	Voya Infra Ind & Matrls Fd	Voya	0.81	-7.73	11.82	31.00	0.00	167	530
IFN	India Fund	abrdn	0.81	-9.46	12.01	0.00	0.00	675	2,995
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.26	-7.94	11.01	80.58	0.00	467	1,388
IIF	MS India Inv Fd	Morgan Stanley	0.86	-14.39	10.10	0.00	0.00	279	1,145
JOF	Japan Sml Caplz Fd	Nomura	0.84	-14.75	3.72	0.00	0.00	279	643
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.22	-10.30	12.30	45.34	29.65	207	1,088
MXF	Mexico Fund	Impulsora del	0.88	-17.98	5.86	21.71	0.00	266	1,148
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.12	-12.27	10.49	100.00	0.00	1,027	3,019
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.78	-11.43	9.62	0.01	0.35	460	1,190
RVT	Royce Small-Cap Tr	Franklin Templeton	1.13	-8.66	8.96	0.15	1.72	1,726	4,064
SOR	Source Capital	First Pacific	0.83	-3.66	6.08	0.00	0.00	350	498
SPE	Spl Opp Fd	Bulldog	0.79	-8.42	9.32	16.15	24.21	164	817
STEW	SRH Tot Rtn Fd	Paralel Advisors	1.15	-20.15	4.00	28.28	9.66	1,995	2,278
TDF	Tmp Dragon Fd	Franklin Templeton	0.76	-15.48	1.31	0.00	0.00	264	911
TWN	Taiwan Fund	Nomura	0.76	-17.77	1.32	0.00	0.00	237	795
TY	Tri-Cont Corp	Columbia Mngmt	0.78	-11.96	3.88	0.00	2.00	1,699	1,481
USA	Liberty All-Star Eq Fd	ALPS	1.12	0.33	9.84	0.00	0.00	1,757	5,375
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.25	-8.71	10.31	32.76	0.00	2,564	5,434
BST	BR Sci & Tech Tr	BlackRock	0.25	-3.88	9.53	14.66	0.00	1,137	5,078
BDJ	BR Enh Eq Div Tr	BlackRock	0.24	-7.33	9.32	14.15	0.00	1,522	3,746
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.24	-1.20	9.05	0.00	0.00	2,095	4,077
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.25	-10.16	10.01	26.66	0.00	1,216	3,969
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.25	-1.35	9.25	33.24	0.00	1,049	3,141
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.24	-5.76	9.70	28.24	0.00	1,521	3,108
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.25	-10.46	10.23	27.66	0.00	954	2,963
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.24	-12.26	10.93	40.17	0.00	1,206	2,532
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.25	-10.70	8.83	70.90	0.00	1,441	2,623
CII	BR Enh Large Cap Core Fd	BlackRock	0.25	-7.45	9.80	0.00	0.00	764	2,301
KYN	KA Nrg Infra Fd	Kayne Anderson	0.88	-13.99	8.18	2.34	16.98	2,309	6,037
TYG	Tortoise Nrg Infra Corp	Tortoise	0.88	-9.82	11.07	88.95	19.80	756	4,282
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.88	-11.12	9.61	9.78	22.85	920	1,962
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.67	-6.31	8.18	8.33	29.20	1,683	4,450
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.68	-0.82	14.91	59.97	32.12	714	3,818
RLTY	C&S Rel-Est Opp & Incm Fd	Cohen&Steers	0.69	-5.76	9.07	59.38	34.60	258	1,268
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.70	0.80	12.73	80.54	12.10	323	1,212
BMEZ	BR Health Sci Trm Tr	BlackRock	0.66	-5.27	15.28	91.33	0.00	1,460	5,380
HQH	abrdn Health Invstr	abrdn	0.67	-10.23	15.10	39.87	0.00	906	3,086
THQ	abrdn Health Opp Fd	abrdn	0.66	1.12	11.42	48.65	20.50	774	2,629
THW	abrdn Wld Health Fd	abrdn	0.66	1.84	13.29	67.22	20.62	412	1,683
BCX	BR Res & Com Stgy Tr	BlackRock	0.91	-8.17	9.54	66.46	0.00	747	2,808
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.95	-1.38	8.37	66.67	10.00	678	2,657
NXG	NXG NextGen Infra Incm Fd	Cushing	0.86	2.47	15.47	100.00	29.86	143	1,927
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.38	-5.78	25.09	92.77	0.00	1,531	5,300
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.38	-2.48	8.22	20.74	33.19	2,460	3,720
ZTR	Virtus Tot Rtn Fd	Virtus	0.41	-13.00	10.19	97.50	30.89	376	1,877
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.39	-9.32	9.61	0.00	0.00	636	1,467
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.40	-8.18	7.14	0.00	0.00	611	1,239
CHW	Calamos Glbl Dyn Incm Fd	Calamos	0.39	-11.19	9.95	0.00	36.20	434	1,340
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.40	-8.25	11.10	0.00	26.62	324	1,090
UTG	Reaves Util Incm Fd	W.H. Reaves	0.47	-0.06	7.22	0.00	18.95	2,774	10,848
DNP	DNP Sel Incm Fd	Virtus	0.46	2.49	8.25	30.25	25.07	3,411	6,655
UTF	C&S Infra Fd	Cohen&Steers	0.47	2.52	7.49	4.84	29.20	2,338	5,984
ASGI	abrdn Glbl Infra Incm Fd	abrdn	0.49	-8.31	12.88	27.92	0.00	588	3,023
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	0.48	-10.05	11.33	41.67	27.00	766	2,505
BUI	BR Util Infra & Pwr OppTr	BlackRock	0.48	-0.04	7.29	28.91	0.00	507	1,268
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.80	-11.68	13.22	78.83	0.00	72	236
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.74	-13.31	38.59	67.40	0.00	44	337
BTO	JH Fin Opp Fd	John Hancock	0.74	1.94	8.54	6.80	16.84	590	1,467

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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