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

Data as of 07/25/2024 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	1,817.28	0.03	-0.92	2.02	6.60	9.53	13.81	2.16	7.11	6.38	0.81	0.81	10.78
NAV	1,708.50	-0.18	-1.16	1.11	4.57	7.11	11.48	2.76	6.65	5.83	0.59	0.59	6.88
Difference		-0.22	-0.23	-0.91	-2.03	-2.41	-2.33	0.60	-0.46	-0.55	-0.21	-0.21	-3.90
* 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	-	-	-	-	-	-	-	-	-	-
NAV	-0.01	2.05	2.65	4.74	-2.28	2.84	0.94	1.45	6.25	-	-	-	-	-	-	-	-	-	-
Difference	-1.90	-0.18	-0.31	-2.49	0.51	-0.86	-0.72	-1.04	-3.65	-	-	-	-	-	-	-	-	-	-
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 -5.40%	1Yr Disc -7.69%	3Yr Disc -5.96%	5Yr Disc -5.89%	Rel Disc Range (3yr) 48.53%
Mkt Yield 9.81%	Lev Adj NAV Yield 7.90%	After Tax Yield* 8.36%	Est Tax Friction* 1.45%	3Yr NAV Volatiliy 14.35
1 Yr RoC 42.07%	3 Yr Dest RoC 27.94%	Leverage 19.87%	Non Lev Exp Ratio 1.66%	Beta (2yr) 0.76
Equity Exposure 55.54%	Bond Exposure 42.08%	# Holdings 151	Cash Weighted Duration 1.42
Comp NAV TR 0.47%	Comp Discount 0.53%	Net Assets (M) 1,076	Liquidity - 90d (K) 3,195
* 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	0.62	12.53	13.96	26.99	38.76	5,306	24,055
GOF	Gghm Stgc Opp Fd	Guggenheim Funds	0.62	28.17	14.34	55.81	17.53	1,729	9,599
PDO	PIMCO Dyn Incm Opp Fd	PIMCO	0.62	4.87	11.51	19.38	41.02	1,472	5,257
DSL	DbLin Incm Solutions Fd	Doubleline	0.61	1.04	10.48	6.86	22.36	1,316	4,987
WDI	WA Divr Incm Fd	Franklin Templeton	0.63	-4.20	12.03	0.00	31.54	801	3,673
RA	Brkf Real Ast Incm Fd	Brookfield	0.62	-12.18	10.97	44.44	20.17	813	3,132
BTZ	BR Cr Alloc Incm Tr	BlackRock	0.61	-6.51	9.48	33.18	36.00	1,060	2,500
PAXS	PIMCO Access Incm Fd	PIMCO	0.60	2.13	11.67	17.20	42.86	663	2,351
PHK	PIMCO Hi Incm Fd	PIMCO	0.61	5.04	12.03	11.73	15.22	721	2,413
AWF	AB Glbl Hi Incm Fd	AllianceBernstein	0.61	-6.08	7.48	0.00	16.76	965	1,888
PFN	PIMCO Incm Stgy Fd II	PIMCO	0.61	2.74	12.10	14.86	16.09	609	1,863
BIT	BR Mlt-Sctr Incm Tr	BlackRock	0.61	0.75	10.11	39.43	35.49	564	1,727
BHK	BR Core Bnd Tr	BlackRock	0.63	3.31	8.18	36.45	35.04	572	1,463
ARCC	Ares Capital Corp	Ares	0.25	6.35	9.24	0.00	48.21	11,870	67,953
OBDC	Blue Owl Cap Corp	Blue Owl	0.25	-0.65	9.63	0.00	51.66	6,029	29,993
BXSL	Blackstone Secur Lending Fd	Blackstone	0.25	16.13	10.16	0.00	49.27	5,023	27,172
FSK	FS KKR Capital Corp	FS/KKR	0.26	-17.19	12.71	0.00	52.59	6,811	25,064
MAIN	Main Street Cap Corp	Main Street Capital	0.25	69.80	5.81	0.00	43.04	2,554	18,550
GBDC	Golub Capital BDC	Golub Capital	0.24	1.85	10.13	0.00	55.38	2,593	18,965
HTGC	Hercules Capital	Hercules	0.26	81.69	7.57	0.00	47.40	1,886	19,043
OCSL	Oaktree Splty Lending	Oaktree Capital	0.24	-3.26	12.15	0.00	49.60	1,524	11,215
GSBD	Goldman Sachs BDC	Goldman Sachs	0.25	3.44	11.96	0.00	51.61	1,633	9,252
PFLT	PennantPark Flt Rt Cap	PennantPark	0.25	-0.26	10.82	0.00	53.31	761	10,689
PSEC	Prospect Capital Corp	Prospect Capital	0.25	-38.71	13.07	0.00	51.14	3,756	8,826
TSLX	Sixth St Splty Lending	Sixth St Splty Lending	0.24	21.78	8.80	0.00	52.27	1,592	7,065
CSWC	Cap Southwest Corp	Capital Southwest	0.24	54.58	8.89	0.00	49.52	748	7,496
TRIN	Trinity Capital	Trinity Capital	0.26	11.96	14.15	0.00	51.73	637	6,107
BCSF	Bain Cap Splty Fin	BCSF Advisors	0.25	-6.67	10.17	0.00	52.62	1,143	4,174
NMFC	New Mountain Fin Corp	New Mountain Capital	0.25	-2.90	10.32	0.00	54.40	1,357	4,898
TCPC	BR TCP Capital Corp	BlackRock	0.25	-3.14	12.60	0.00	57.21	953	3,984
FDUS	Fidus Investment Corp	Fidus	0.25	0.62	8.83	0.00	41.62	611	4,505
RWAY	Runway Gwth Fin Corp	Runway Gwth Cap	0.25	-10.70	13.41	0.00	46.16	527	4,373
CGBD	Carlyle Secured Lending	Carlyle	0.26	6.39	8.81	0.00	51.99	867	3,700
BBDC	Barings BDC	Barings	0.26	-12.67	10.41	0.00	53.77	1,212	3,888
CCAP	Crescent Capital BDC	Crescent Capital	0.25	-8.14	9.02	0.00	51.72	752	3,806
MFIC	MidCap Fin Invt Corp	Apollo	1.36	-7.46	10.65	0.00	57.75	1,446	3,506
GLAD	Gladstone Cap Corp	Gladstone	0.25	20.20	8.32	0.00	45.66	431	2,529
JFR	Nuv Flt Rt Incm Fd	Nuveen	0.61	-4.54	11.54	2.07	38.03	1,241	4,547
FSCO	FS Cr Opp Corp	FS/KKR	0.58	-13.17	11.61	0.00	33.51	1,416	3,973
XFLT	XAI Octgn Flt Rt & Alt Incm Tr	XA Investments	0.60	3.97	14.43	5.79	38.58	430	3,102
VVR	Invsc Sr Incm Tr	Invesco	0.59	5.99	12.14	21.12	32.12	614	3,012
JQC	Nuv Cr Stgs Incm Fd	Nuveen	0.61	-5.25	11.59	6.89	38.20	800	3,059
BGB	Blackstone Stgc Cr 2027 Trm Fd	Blackstone	0.59	-7.14	10.24	0.00	36.94	569	2,124
FRA	BR Flt Rt Incm Stgc Fd	BlackRock	0.62	3.91	10.98	12.19	24.00	459	2,132
ARDC	Ares Dyn Cr Alloc Fd	Ares	0.60	1.09	9.48	0.00	37.02	337	1,431
HYT	BR Corp Hi Yld Fd	BlackRock	0.43	1.03	9.56	21.14	25.56	1,402	3,629
ACP	abrdn Incm Cr Stgs Fd	abrdn	0.81	-2.11	18.52	40.70	29.22	762	2,589
DLY	DbLin Yld Opp Fd	Doubleline	0.43	-1.56	8.86	1.33	18.40	770	1,901
FTHY	FT Hi Yld Opp 2027 Trm Fd	First Trust	0.44	-3.85	10.58	25.59	17.34	564	1,634
GHY	PGIM Glbl Hi Yld Fd	Prudential	0.44	-5.09	10.24	42.20	21.45	530	1,690
DSU	BR Dbt Stgs Fd	BlackRock	0.43	2.15	10.82	11.67	21.00	506	1,577
HIO	WA Hi Incm Opp Fd	Franklin Templeton	0.44	-6.54	11.04	15.95	0.00	393	1,711
ISD	PGIM Hi Yld Bnd Fd	Prudential	0.44	-3.88	9.42	29.27	20.65	463	1,588
KIO	KKR Incm Opp Fd	KKR Credit	0.43	3.33	10.44	0.00	35.27	366	1,575
HIX	WA Hi Incm Fd II	Franklin Templeton	0.43	-3.10	13.46	25.87	32.28	406	1,695
EAD	Allspring Incm Opp Fd	Allspring	0.44	-6.81	9.16	0.00	30.80	434	1,063
SDHY	PGIM Srt Dur Hi Yld Opp Fd	Prudential	0.43	-11.18	8.32	21.67	22.47	432	1,279
BGH	Barings Glbl Srt Dur Hi Yld Fd	Barings	0.44	-6.97	8.56	0.00	27.66	319	947
JPC	Nuv Pref & Incm Opp Fd	Nuveen	0.64	-5.25	10.53	0.00	38.06	2,556	6,980
FPF	FT Imd Dur Pref & Incm Fd	First Trust	0.62	-4.74	9.02	21.45	33.55	1,169	2,723
PTA	Tx-Adv Pref Sec Pref Sec & Incm Fd	Cohen&Steers	0.62	-3.88	8.11	21.50	34.93	1,140	2,109
FFC	F&C Pref Sec Incm Fd	Flaherty & Crumrine	0.62	-10.92	7.29	0.00	38.40	799	1,667
PDT	JH Prm Div Fd	John Hancock	0.63	-6.36	8.30	25.69	38.03	627	1,297
LDP	C&S Ltd Dur Pref & Incm Fd	Cohen&Steers	0.62	-7.75	7.96	10.26	33.70	623	1,407
NPFD	Nuv Var Rt Pref & Incm Fd	Nuveen	0.64	-6.76	10.71	1.93	36.60	486	1,405
DFP	F&C Dyn Pref & Incm Fd	Flaherty & Crumrine	0.63	-9.04	6.90	0.00	38.40	441	998
CHI	Calamos Convt Opp & Incm	Calamos	1.00	17.71	9.80	72.47	37.39	745	1,882
NCV	Virtus Convt & Incm Fd	Virtus	1.00	-10.05	12.33	91.55	37.43	333	2,223
CHY	Calamos Convt & Hi Incm Fd	Calamos	1.01	7.27	10.70	74.54	37.53	803	1,801
CCD	Calamos Dyn Convt & Incm Fd	Calamos	1.01	20.08	10.30	55.99	37.06	507	1,448
AVK	Advent Convt & Incm Fd	Guggenheim Funds	1.04	1.97	11.30	71.79	42.42	422	1,389
BBN	BR Taxable Muni BndTr	BlackRock	2.00	-6.03	6.75	20.38	33.31	1,086	3,617
NBB	Nuv Taxable Muni Incm Fd	Nuveen	2.03	-5.34	7.34	0.43	40.96	490	1,081
ADX	Adams Divr Eq Fd	Adams Funds	1.22	-8.46	8.30	0.00	0.00	2,874	3,551
AGD	abrdn Glbl Dyn Div Fd	abrdn	0.90	-12.80	8.01	22.75	0.91	278	602
AOD	abrdn Tot Dyn Div Fd	abrdn	1.35	-13.04	8.21	27.02	2.64	1,018	2,670
ASG	Liberty All-Star Gwth Fd	ALPS	0.90	-7.30	9.01	0.00	0.00	341	1,280
BGY	BR Enh Intl DivTr	BlackRock	1.33	-12.18	7.40	57.13	0.00	626	990
BIGZ	BR Innovation & Gwth Trm Tr	BlackRock	1.24	-12.36	14.68	100.00	0.00	1,851	5,396
BSTZ	BR Sci & Tech Trm Tr	BlackRock	1.27	-12.17	13.73	93.48	0.00	1,613	4,269
CET	Cntrl Sec Corp	Central Securities	0.89	-17.64	4.26	0.00	0.00	1,497	829
CLM	Cornerstone Stgc Val Fd	Cornerstone	1.24	9.19	16.88	62.14	0.00	1,703	10,400
CRF	Cornerstone Tot Rtn Fd	Cornerstone	1.22	14.69	16.10	58.11	0.00	762	5,043
DXYZ	Destiny Tech 100	Destiny Advisors	1.00	152.48	0.00	N/A	N/A	53	8,845
EOD	Allspring Glbl Div Opp Fd	Allspring	0.92	-12.32	9.20	0.00	17.10	238	529
ETG	EV Tx-Adv Glbl Div Incm Fd	Eaton Vance	0.89	-10.02	8.47	15.39	19.74	1,556	1,989
ETO	EV Tx-Adv Glbl Div Opp Fd	Eaton Vance	0.88	-8.89	8.32	5.43	19.12	450	693
EVT	EV Tx-Adv Div Incm Fd	Eaton Vance	1.83	-8.20	8.36	6.79	19.06	1,918	2,591
GAB	Gabelli Eq Tr	Gabelli	0.92	0.57	11.28	62.53	19.00	1,598	2,917
GAM	General American Invstr	General American Inv	0.92	-15.92	5.24	0.00	12.38	1,419	1,444
GDV	Gabelli Div & Incm Tr	Gabelli	1.85	-14.46	5.69	23.79	12.00	2,440	3,393
HGLB	Highland Glbl Alloc Fd	NexPoint	0.92	-32.22	12.66	9.45	4.63	259	501
IDE	Voya Infra Ind & Matrls Fd	Voya	1.38	-10.03	11.63	46.28	0.00	174	568
IFN	India Fund	abrdn	0.93	-10.56	10.03	0.00	0.00	761	3,802
IGD	Voya Glbl Eq Div & Prm Opp	Voya	1.45	-8.71	11.01	67.47	0.00	471	1,460
IIF	MS India Inv Fd	Morgan Stanley	0.91	-17.87	6.09	0.00	0.00	320	1,126
JCE	Nuv Core Eq Alpha Fd	Nuveen	0.90	1.10	8.72	68.64	0.00	234	561
LGI	Lzrd Glbl Tot Rtn & Incm Fd	Lazard	1.35	-8.97	10.91	60.95	30.77	235	685
MXF	Mexico Fund	Impulsora del	0.91	-19.89	5.55	8.26	0.00	293	691
NBXG	NB Nxt Gen Connectivity Fd	Neuberger Berman	1.16	-10.88	9.90	100.00	0.00	1,071	3,035
RMT	Royce Micro-Cap Tr	Franklin Templeton	0.97	-11.03	6.22	0.00	0.38	550	882
RVT	Royce Small-Cap Tr	Franklin Templeton	1.34	-10.33	7.17	0.00	1.87	1,977	3,138
STEW	SRH Tot Rtn Fd	Paralel Advisors	0.93	-22.01	3.67	16.38	11.11	1,866	1,033
TWN	Taiwan Fund	Nomura	0.86	-20.04	1.04	0.00	0.00	364	886
TY	Tri-Cont Corp	Columbia Mngmt	0.90	-12.31	3.74	0.00	2.00	1,856	1,066
USA	Liberty All-Star Eq Fd	ALPS	1.22	-2.77	10.81	0.00	0.00	1,936	4,777
EXG	EV Tx-Mgd Glbl Divr Eq Incm	Eaton Vance	0.24	-9.27	9.48	74.07	0.00	2,809	3,960
BST	BR Sci & Tech Tr	BlackRock	0.23	-4.39	8.60	21.14	0.00	1,267	3,534
BDJ	BR Enh Eq Div Tr	BlackRock	0.25	-10.62	8.17	17.46	0.00	1,718	3,666
ETY	EV Tx-Mgd Divr Eq Incm Fd	Eaton Vance	0.24	-4.53	8.82	0.00	0.00	2,225	3,090
ETV	EV Tx-Mgd By-Wrt Opp Fd	Eaton Vance	0.24	-3.76	8.95	76.19	0.00	1,616	2,611
QQQX	Nuv Nasdaq 100 Dyn Owrt Fd	Nuveen	0.24	-9.55	6.98	53.42	0.00	1,299	2,355
NFJ	Virtus Div Int & Prm Stgy Fd	Virtus	0.25	-11.98	8.92	0.00	0.00	1,353	2,647
BXMX	Nuv S&P 500 By-Wrt Inc Fd	Nuveen	0.24	-10.96	7.23	58.98	0.00	1,530	2,194
ETW	EV Tx-Mgd Glbl By-Wrt Opp	Eaton Vance	0.24	-10.50	9.74	56.43	0.00	1,002	2,210
EOS	EV Enh Eq Incm Fd II	Eaton Vance	0.24	-3.19	8.73	44.39	0.00	1,131	1,736
BOE	BR Enh Glbl DivTr	BlackRock	0.25	-12.19	7.09	68.78	0.00	747	1,667
KYN	KA Nrg Infra Fd	Kayne Anderson	0.56	-12.42	8.43	8.51	22.27	2,016	4,826
NML	NB Nrg Infra & Incm Fd	Neuberger Berman	0.54	-8.59	8.78	61.12	17.45	495	1,818
TYG	Tortoise Nrg Infra Corp	Tortoise	0.54	-13.87	8.14	54.05	19.70	436	1,476
CEM	CB MLP & Midstream Fd	Franklin Templeton	0.50	-14.70	7.02	0.00	26.78	385	1,657
EMO	CB Nrg Midstream Opp Fd	Franklin Templeton	0.53	-13.02	6.68	0.00	29.34	295	1,200
RQI	C&S Qlty Incm Rty Fd	Cohen&Steers	0.71	-5.28	7.88	23.51	29.40	1,730	4,463
IGR	CBRE Clr Glbl Rel-Est Incm Fd	CBRE Invst Mgmt	0.75	0.72	12.93	45.97	30.90	774	3,268
AWP	abrdn Glbl Prmr Prop Fd	abrdn	0.72	3.31	11.82	71.32	16.23	336	1,424
RLTY	C&S Rel-Est Opp & Incm Fd	Cohen&Steers	0.74	-3.49	8.53	57.91	34.60	268	962
BMEZ	BR Health Sci Trm Tr	BlackRock	0.69	-12.55	13.58	100.00	0.00	1,910	4,139
HQH	abrdn Health Invstr	abrdn	0.72	-10.52	12.67	38.98	0.00	1,054	3,027
THQ	abrdn Health Opp Fd	abrdn	0.71	-3.36	10.14	60.23	19.90	912	2,639
BME	BR Health Sci Tr	BlackRock	0.68	-7.49	6.21	51.10	0.00	620	1,395
PDX	PIMCO Dyn Incm Stgy Fd	PIMCO	0.69	-8.97	5.98	20.13	16.03	1,116	1,896
BCX	BR Res & Com Stgy Tr	BlackRock	0.68	-11.90	6.72	66.98	0.00	886	1,774
GGN	GAMCO Glbl Gd NtrRes Incm	Gabelli	0.69	0.49	8.76	87.50	11.00	631	1,467
NXG	NXG NextGen Infra Incm Fd	Cushing	0.64	-2.90	16.53	60.00	29.44	140	1,339
ECAT	BR ESG Cap Alloc Trm Tr	BlackRock	0.37	-6.81	21.14	82.74	0.00	1,855	4,941
CSQ	Calamos Stgc Tot Rtn Fd	Calamos	0.39	-0.12	7.36	50.00	30.08	2,683	3,003
ZTR	Virtus Tot Rtn Fd	Virtus	0.40	-12.03	10.66	93.58	30.63	395	1,762
NIE	Virtus Eq & Convt Incm Fd	Virtus	0.37	-9.16	8.97	45.49	0.00	680	1,439
TBLD	Thornburg Incm Bldr Opp Tr	Thornburg Inv Mgmt	0.39	-12.85	7.74	15.68	0.00	594	1,361
CPZ	Calamos Lng-Srt Eq & Dyn Incm	Calamos	0.40	-12.30	10.86	19.88	26.04	346	1,004
RIV	RiverNorth Opp Fd	RiverNorth	0.39	-2.31	12.63	84.97	32.00	269	1,078
UTG	Reaves Util Incm Fd	W.H. Reaves	0.46	2.27	8.17	1.98	20.37	2,270	9,168
DNP	DNP Sel Incm Fd	Virtus	0.48	4.68	8.94	23.95	28.05	3,049	7,049
UTF	C&S Infra Fd	Cohen&Steers	0.48	1.44	7.77	18.74	30.00	2,273	4,361
MEGI	MainStay CBRE Glbl Infra MTrnd Trm	New York Life	0.47	-9.81	11.33	25.00	26.00	764	1,676
ASGI	abrdn Glbl Infra Incm Fd	abrdn	0.46	-8.93	12.99	15.02	0.00	511	2,121
DPG	D&P Util & Infra Fd	Virtus	0.48	-10.32	8.05	90.63	27.95	444	1,229
IAE	Voya AP Hi Div Eq Incm Fd	Voya	0.91	-11.10	12.32	78.07	0.00	78	190
AEF	abrdn Emrg Mkt Eq Incm Fd	abrdn	0.88	-13.98	7.74	87.59	9.91	305	316
CUBA	Herzfeld Caribbean Basin Fd	Herzfeld Cuba	0.95	-25.40	23.04	70.47	0.00	48	100
BTO	JH Fin Opp Fd	John Hancock	1.05	-2.71	7.96	20.05	18.20	661	2,025

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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