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

Data as of 04/26/2024 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	1,709.89	0.79	1.97	-1.87	3.06	20.72	14.26	1.39	6.39	6.28	-2.79	-2.79	4.24
NAV	1,638.35	0.47	1.50	-1.56	2.72	15.55	12.91	2.17	6.17	5.87	-2.14	-2.14	2.49
Difference		-0.32	-0.47	0.31	-0.34	-5.17	-1.35	0.79	-0.22	-0.41	0.65	0.65	-1.75
* 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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NAV	-0.01	2.05	2.65	4.74	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Difference	-1.90	-0.18	-0.31	-2.49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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 -7.28%	1Yr Disc -8.01%	3Yr Disc -5.35%	5Yr Disc -5.61%	Rel Disc Range (3yr) 37.66%
Mkt Yield 9.53%	Lev Adj NAV Yield 7.54%	After Tax Yield* 8.20%	Est Tax Friction* 1.33%	3Yr NAV Volatiliy 14.47
1 Yr RoC 42.46%	3 Yr Dest RoC 27.63%	Leverage 18.88%	Non Lev Exp Ratio 1.66%	Beta (2yr) 0.75
Equity Exposure 55.85%	Bond Exposure 41.64%	# Holdings 155	Cash Weighted Duration 1.40
Comp NAV TR 1.61%	Comp Discount -1.42%	Net Assets (M) 1,025	Liquidity - 90d (K) 3,302
* Based on marginal tax rates of 25% and long-term capital gains rates of 15%.

Constituents

155 Funds

Ticker	Name	Sponsor	Allocation	Discount	Market Yield	RoC(1yr)	Leverage	Net Assets	Liquidity (90d)
PDI	PIMCO Dyn Incm Fd	PIMCO	0.68	11.73	13.96	19.62	39.54	5,122	28,495
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.70	22.47	15.02	60.35	19.70	1,666	10,698
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.68	3.02	11.82	19.96	41.03	1,438	5,702
DSL	DbLin Incm Solutions Fd	Doubleline	0.66	0.08	10.79	7.35	21.77	1,253	4,641
RA	Brkf Real Ast Incm Fd	Brookfield	0.67	-13.72	11.32	50.29	17.27	804	2,992
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.65	-9.18	9.98	35.42	36.56	1,037	2,586
HFRO	Highland Opp & Incm Fd	NexPoint	0.63	-49.88	7.16	0.00	16.14	879	1,988
PAXS	PIMCO Access Incm Fd	PIMCO	0.68	2.27	11.69	11.72	42.48	660	2,846
WDI	WA Divr Incm Fd	Franklin Templeton	0.68	-7.77	12.20	0.00	31.30	793	2,796
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.67	2.85	11.93	17.34	20.89	605	2,074
PHK	PIMCO Hi Incm Fd	PIMCO	0.67	4.36	12.03	8.71	20.32	714	2,165
BHK	BR Core Bnd Tr	BlackRock	0.66	0.29	8.67	38.84	33.11	556	1,866
ARCC	Ares Capital Corp	Ares	0.27	8.00	9.24	0.00	49.93	11,204	75,906
FSK	FS KKR Capital Corp	FS/KKR	0.28	-20.97	13.24	0.00	53.16	6,850	32,855
OBDC	Blue Owl Cap Corp	Blue Owl	0.29	3.11	9.29	0.00	52.38	6,021	32,561
BXSL	Blackstone Secur Lending Fd	Blackstone	0.28	20.37	9.60	0.00	48.47	5,108	28,636
HTGC	Hercules Capital	Hercules	0.28	66.84	8.39	0.00	45.50	1,810	17,656
MAIN	Main Street Cap Corp	Main Street Capital	0.28	68.25	5.86	0.00	40.56	2,481	17,004
GBDC	Golub Capital BDC	Golub Capital	0.28	15.77	8.97	0.00	54.11	2,564	15,002
OCSL	Oaktree Splty Lending	Oaktree Capital	0.27	3.61	11.09	0.00	49.68	1,511	13,235
PSEC	Prospect Capital Corp	Prospect Capital	0.26	-40.92	13.66	0.00	51.03	3,693	11,288
CSWC	Cap Southwest Corp	Capital Southwest	0.28	54.38	8.81	0.00	47.42	721	9,381
GSBD	Goldman Sachs BDC	Goldman Sachs	0.29	7.32	11.47	0.00	51.86	1,604	9,541
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.27	27.23	8.49	0.00	53.24	1,497	9,355
TRIN	Trinity Capital	Trinity Capital	0.29	15.09	13.44	0.00	48.79	613	7,428
PFLT	PennantPark Flt Rt Cap	PennantPark	0.27	0.79	10.70	0.00	49.38	703	6,728
FDUS	Fidus Investment Corp	Fidus	0.28	5.37	8.43	0.00	42.76	594	5,986
NMFC	New Mountain Fin Corp	New Mountain Capital	0.27	-1.17	10.06	0.00	57.22	1,324	5,808
TCPC	BR TCP Capital Corp	BlackRock	0.26	-15.21	13.48	0.00	58.19	1,019	5,038
BBDC	Barings BDC	Barings	0.27	-17.38	11.16	0.00	53.80	1,196	4,923
RWAY	Runway Gwth Fin Corp	Runway Gwth Cap	0.28	-5.33	12.52	0.00	47.27	547	4,418
MSDL	MS Direct Lending Fd	MS Cap Patnr Advis	0.27	3.87	0.00	N/A	45.24	1,838	3,020
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.28	-6.42	10.20	0.00	50.80	1,136	4,744
MFIC	MidCap Fin Invt Corp	Apollo	0.27	-1.49	10.01	0.00	58.77	1,006	3,833
CION	CION Inv Corp	CION Inv Mgmt	0.28	-29.51	11.89	0.00	60.69	874	3,488
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.61	-7.44	11.87	2.03	37.87	1,244	4,813
FSCO	FS Cr Opp Corp	FS/KKR	0.61	-16.45	12.22	0.00	33.41	1,398	3,899
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.61	-6.80	11.82	3.47	38.03	797	3,334
VVR	Invsc Sr Incm Tr	Invesco	0.61	4.93	12.11	16.35	31.36	621	2,696
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.62	2.18	14.53	5.79	38.17	375	2,806
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.62	-0.84	11.38	9.98	21.38	464	2,060
AIF	Apollo Tactical Incm Fd	Apollo	0.61	-3.53	12.15	0.00	36.04	213	2,007
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.61	-7.69	9.48	0.00	37.15	569	1,667
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.60	-4.87	10.17	0.00	35.12	334	1,399
BGT	BR Flt Rt Incm Fd	BlackRock	0.61	0.70	11.19	9.17	22.99	286	1,206
HYT	BR Corp Hi Yld Fd	BlackRock	0.41	1.68	9.66	25.15	25.61	1,360	3,871
DLY	DbLin Yld Opp Fd	Doubleline	0.39	-3.60	9.18	3.05	19.34	759	2,511
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.40	-7.77	11.04	22.79	12.34	563	2,261
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.40	-2.83	18.40	32.25	28.72	350	2,224
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.40	-10.31	10.98	36.36	21.40	524	1,714
HIX	WA Hi Incm Fd II	Franklin Templeton	0.41	-3.12	13.52	24.96	25.59	404	1,896
KIO	KKR Incm Opp Fd	KKR Credit	0.41	-2.06	10.95	0.00	35.32	369	1,731
DSU	BR Dbt Stgs Fd	BlackRock	0.40	-0.83	11.07	9.67	20.27	503	1,660
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.40	-8.17	10.10	26.44	20.60	452	1,468
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.40	-12.42	8.59	20.23	22.40	425	1,207
FSD	FT Hi Incm Lng/Srt Fd	First Trust	0.40	-7.13	10.87	46.58	31.95	415	1,233
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.40	-8.76	11.36	13.01	0.00	391	1,187
EAD	Allspring Incm Opp Fd	Allspring	0.40	-10.43	9.67	0.00	30.51	425	1,202
DHY	CS Hi Yld Bnd Fd	Credit Suisse	0.42	-6.48	9.21	0.00	26.17	224	1,097
DHF	BNY Mellon Hi Yld Stgs Fd	BNY Mellon	0.40	-12.78	9.05	0.00	28.78	193	701
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.63	-10.24	8.13	0.00	37.72	2,495	5,654
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.62	-8.41	9.65	18.00	33.43	1,135	2,712
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.61	-8.56	8.70	14.81	34.50	1,117	2,404
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.61	-11.94	7.54	0.00	38.90	767	2,000
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.62	-7.52	8.14	12.83	33.70	607	1,694
PDT	JH Prm Div Fd	John Hancock	0.62	-7.28	8.83	19.24	38.02	595	1,493
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.61	-13.82	8.46	1.41	36.55	476	860
HPI	JH Pref Incm Fd	John Hancock	0.63	3.31	9.12	8.94	37.31	418	1,011
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.05	17.47	10.61	42.26	36.43	502	2,255
CHI	Calamos Convt Opp & Incm	Calamos	1.01	12.90	10.34	47.47	36.85	734	1,977
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.00	9.67	10.58	49.54	36.97	793	1,592
NCZ	Virtus Convt & Incm Fd II	Virtus	0.97	-12.15	12.77	88.33	38.54	244	1,227
NCV	Virtus Convt & Incm Fd	Virtus	0.98	-11.91	12.83	87.50	37.54	326	1,587
BBN	BR Taxable Muni BndTr	BlackRock	1.95	-8.93	7.19	22.56	31.70	1,052	3,109
GBAB	Gghm Taxable Muni Bnd & Inv Grd Dbt	Guggenheim Funds	1.97	2.43	9.68	43.95	24.32	374	996
ADX	Adams Divr Eq Fd	Adams Funds	0.91	-14.31	5.06	0.00	0.00	2,748	3,240
AGD	abrdn Glbl Dyn Div Fd	abrdn	0.91	-14.05	8.28	25.53	0.33	273	509
AOD	abrdn Tot Dyn Div Fd	abrdn	1.36	-15.10	8.58	32.28	2.57	998	2,245
ASG	Liberty All-Star Gwth Fd	ALPS	1.25	-9.17	9.32	25.00	0.00	336	1,523
BGY	BR Enh Intl DivTr	BlackRock	1.34	-14.26	7.67	68.63	0.00	619	1,070
BIGZ	BR Innovation & Gwth Trm Tr	BlackRock	1.19	-17.65	7.38	100.00	0.00	1,970	4,920
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.27	-17.78	7.11	93.28	0.00	1,630	4,691
CAF	MS China A Shr Fd	Morgan Stanley	0.95	-17.79	1.00	0.00	0.00	258	718
CET	Cntrl Sec Corp	Central Securities	0.92	-18.10	4.50	0.00	0.00	1,426	1,493
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.30	7.20	17.85	49.87	0.00	1,615	10,282
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.32	13.80	16.77	44.92	0.00	726	5,097
EOD	Allspring Glbl Div Opp Fd	Allspring	0.91	-15.24	9.48	0.00	17.83	232	636
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.90	-12.19	8.83	4.00	19.80	1,531	2,104
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.91	-9.60	8.52	0.00	19.20	442	658
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.81	-10.87	8.63	6.97	19.70	1,914	2,653
GAB	Gabelli Eq Tr	Gabelli	0.90	-0.19	11.30	54.47	18.00	1,607	3,208
GAM	General American Invstr	General American Inv	0.93	-18.72	5.76	0.00	13.35	1,344	906
GDV	Gabelli Div & Incm Tr	Gabelli	1.80	-17.01	6.00	23.39	12.00	2,386	3,599
HGLB	Highland Glbl Alloc Fd	NexPoint	1.27	-38.96	14.01	0.00	3.11	258	513
IFN	India Fund	abrdn	0.84	-3.43	9.41	0.00	0.00	588	3,769
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.40	-10.73	11.45	70.75	0.00	463	1,168
IIF	MS India Inv Fd	Morgan Stanley	0.96	-19.24	6.98	0.00	0.00	287	914
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.93	-2.84	9.36	85.68	0.00	226	642
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.35	-13.80	8.07	72.22	29.63	235	598
MXF	Mexico Fund	Impulsora del	0.90	-20.85	4.83	7.21	0.00	340	535
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.33	-14.72	10.26	91.67	0.00	1,081	3,005
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.88	-13.86	6.78	42.93	0.38	513	978
RVT	Royce Val Tr	Franklin Templeton	1.26	-12.92	7.56	4.71	1.87	1,863	3,272
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.89	-22.77	3.85	33.55	11.11	1,795	1,032
TDF	Tmp Dragon Fd	Franklin Templeton	0.98	-15.35	0.00	N/A	0.00	246	443
TWN	Taiwan Fund	Nomura	0.91	-19.19	1.14	0.00	0.00	341	758
TY	Tri-Cont Corp	Columbia Mngmt	0.90	-12.51	3.44	0.00	2.00	1,780	1,115
USA	Liberty All-Star Eq Fd	ALPS	1.27	-0.29	10.64	0.00	0.00	1,898	5,405
BDJ	BR Enh Eq Div Tr	BlackRock	0.25	-11.87	8.41	17.46	0.00	1,694	4,055
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.25	-12.32	9.81	70.68	0.00	2,809	4,060
BST	BR Sci & Tech Tr	BlackRock	0.24	-1.55	8.59	33.83	0.00	1,231	3,570
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.25	-3.83	9.13	0.00	0.00	2,134	3,106
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.25	-7.89	9.46	65.57	0.00	1,597	2,909
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.25	-10.89	7.30	37.64	0.00	1,260	2,834
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.24	-14.95	9.29	0.00	0.00	1,344	2,474
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.25	-11.87	7.45	42.99	0.00	1,501	2,407
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.25	-13.28	10.09	55.20	0.00	998	2,112
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.25	-6.00	9.33	40.26	0.00	1,090	1,687
BOE	BR Enh Glbl DivTr	BlackRock	0.25	-14.84	7.49	71.39	0.00	730	1,552
KYN	KA Nrg Infra Fd	Kayne Anderson	0.40	-14.16	9.02	8.49	21.32	1,923	4,491
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.40	-7.49	6.72	33.18	28.09	659	1,075
NML	NB Nrg Infra & Incm Fd	Neuberger Berman	0.41	-13.34	9.38	100.00	18.85	488	1,811
TYG	Tortoise Nrg Infra Corp	Tortoise	0.41	-18.44	8.97	42.07	21.50	418	1,403
SRV	NXG Cushing Midstream Nrg Fd	Cushing	0.40	-0.82	13.18	84.67	25.86	120	1,416
FEI	FT MLP & Nrg Incm Fd	First Trust	0.41	-1.31	6.13	26.50	17.85	449	1,275
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.41	-6.78	6.48	21.51	27.70	567	976
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.64	-5.42	8.74	15.24	29.40	1,562	4,305
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.64	-7.37	14.69	33.63	29.35	740	3,010
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.66	-1.85	12.94	74.22	14.94	323	1,040
RLTY	C&S Rel-Est Opp & Incm Fd	Cohen&Steers	0.63	-9.96	9.93	56.65	34.60	247	929
BMEZ	BR Health Sci Trm Tr	BlackRock	0.63	-15.20	7.34	100.00	0.00	1,850	4,398
THQ	abrdn Health Opp Fd	abrdn	0.67	-8.19	11.20	71.57	19.60	868	3,269
HQH	abrdn Health Invstr	abrdn	0.67	-14.60	11.94	67.98	0.00	931	2,575
THW	abrdn Wld Health Fd	abrdn	0.67	6.11	11.05	77.32	20.10	455	1,413
BCX	BR Res & Com Stgy Tr	BlackRock	0.72	-14.27	6.72	60.33	0.00	910	2,975
PDX	Dyn Incm Stgy Fd	PIMCO	0.72	-10.33	6.34	20.74	9.08	1,069	2,482
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.75	-0.49	8.82	85.44	11.00	632	1,876
FIF	FT Nrg Infra Fd	First Trust	0.71	-0.76	6.59	0.00	20.10	288	1,086
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.37	-11.58	11.12	80.39	0.00	1,866	3,830
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.39	-2.17	7.79	25.00	30.56	2,588	3,396
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.39	-10.50	9.13	56.64	0.00	678	1,532
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.39	-14.08	8.10	15.68	0.00	577	1,141
ZTR	Virtus Tot Rtn Fd	Virtus	0.39	-10.47	11.13	92.19	30.68	413	1,402
RIV	RiverNorth Opp Fd	RiverNorth	0.39	-4.43	13.27	79.25	31.99	262	970
SCD	LMP Cap & Incm Fd	Franklin Templeton	0.39	-4.28	8.92	69.37	19.16	272	867
UTG	Reaves Util Incm Fd	W.H. Reaves	0.45	0.34	8.70	3.96	20.93	2,038	8,268
UTF	C&S Infra Fd	Cohen&Steers	0.46	3.21	8.04	19.34	30.00	2,158	5,372
DNP	DNP Sel Incm Fd	Virtus	0.46	13.62	8.82	26.18	28.20	2,821	5,194
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	0.45	-13.12	12.45	17.24	25.00	722	1,872
ASGI	abrdn Glbl Infra Incm Fd	abrdn	0.45	-13.86	10.46	9.88	0.00	504	1,277
DPG	D&P Util & Infra Fd	Virtus	0.46	-13.33	8.97	85.27	28.93	412	1,317
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.93	-13.66	12.72	75.00	0.00	79	224
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	0.93	-15.15	7.14	88.02	10.32	301	516
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.88	-26.81	22.28	94.34	0.00	50	218
BTO	JH Fin Opp Fd	John Hancock	0.87	-2.03	9.43	17.21	17.79	554	1,415

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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