WHY US
WE EAT, SLEEP AND BREATHE CEFs.
We combine rigorous market and economic research with a deep commitment to data-driven analysis—supporting informed decisions and disciplined portfolio management.
We combine rigorous market and economic research with a deep commitment to data-driven analysis—supporting informed decisions and disciplined portfolio management.
Smarter Data = Stronger Decisions
We’re driven by data because data delivers — we’ve seen it time and time again. In fact, it’s our consistent data-driven results over four decades that have built our standout reputation in CEF research and trading.
We don’t keep our data to ourselves. We share it with investors, fund sponsors, and service providers via accessible tools and resources on our site.
We also developed an exclusive data and research service focused on CEFs, BDCs and interval funds which underpins our expert investment strategies.
Stronger Relationships = Deeper Insights
We take pride in being master connectors. Our close ties to closed-end fund management teams, peers and the industry keep us in tune with the dynamic investment outlook to give us even deeper insights.
Our highly respected leadership team regularly interacts with and is quoted by the financial press.
And as leaders setting the pace in our industry, we are founding members of AICA, and active in the CFA Institute and the Richmond Association for Business Economics.
Personalized Service = Better Outcomes
Our focus is always on you. As a SEC registered fee-only registered investment advisor (RIA) we take our fiduciary duty seriously. We consistently prioritize client’s interests and work on their terms and for their benefit, whether it's directly with a client or with their financial advisor, an individual or an institutional account.
What’s good for you is also good for us. We’re passionate about what we do and believe so strongly in the rigor of our approach that we prove it by personally following the same investment strategies we recommend.
SERVICE THAT’S A WORLD APART
Personalized Strategy
We believe one-size-fits-all strategies rarely meet the needs of individual investors. Our portfolios are tailored to align with each client’s unique goals, preferences, and risk tolerance.
Active Monitoring
We regularly monitor client portfolios and make adjustments as needed in an effort to keep them aligned with investment objectives.
True Accountability
We provide a high level of transparency by publishing composite portfolio performance on a monthly basis and offering tools to help evaluate returns against relevant indexes
Financial Integrity
We are Fiduciaries every day for our clients. Honesty and transparency are at the core of our approach. We do not charge front-end or back-end fees, and the first quarter’s management fee is prorated.
GROWTH OF $1,000,000 INVESTED CEF ADVISORS’S GLOBALLY DIVERSIFIED GROWTH MODEL ON JANUARY 31, 1999* AS OF NOVEMBER 30, 2025
| Globally Diversified Growth | $4,927,632 |
| All CEF Total Return | $3,538,330 |
| Barclays Capital Global Agg Bond Total Return | $2,217,189 |
| 60/40 S&P 500/Barclays Bond | $5,196,254 |
CEF Advisors COMPOSITE PERFORMANCE (NET) AS OF NOVEMBER 30, 2025
| Investment Portfolio Model | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|
| Alternative Income | 0.30% | 11.42% | 8.24% | 14.14% | 12.05% | N/A | 7.40% | 07/01/2018 |
| Alternative Income Tax Advantaged | 0.05% | 8.35% | 4.34% | 12.06% | 10.79% | N/A | 8.18% | 11/01/2018 |
| Business Development Companies | 1.00% | -0.80% | -0.38% | 11.64% | N/A | N/A | 8.91% | 05/01/2022 |
| Conservative Diversified | 2.49% | 31.34% | 25.32% | 16.41% | 10.88% | 7.48% | 6.53% | 05/01/2009 |
| Diversified Equity | 1.37% | 15.45% | 11.53% | 12.41% | 11.01% | N/A | 7.16% | 02/01/2018 |
| Diversified Fixed Income | 0.04% | 6.66% | 4.11% | 9.49% | N/A | N/A | 3.77% | 02/01/2021 |
| Diversified Low Beta | 0.56% | 12.49% | 8.78% | 14.61% | 11.89% | N/A | 7.60% | 04/01/2017 |
| Diversified Tax-Sensitive Income | 0.39% | 7.83% | 3.82% | 10.91% | 9.34 | N/A | 12.24% | 11/01/2020 |
| Foundation/Balanced | -0.62% | 9.17% | 5.36% | 12.41% | 9.93% | 7.36% | 7.06% | 09/01/2009 |
| Foundation/Balanced Tax-Advantage | 0.98% | 8.93% | 5.99% | 7.76% | 6.27% | N/A | 6.37% | 01/01/2017 |
| Global Growth & Income | 0.92% | 13.73% | 9.30% | 12.76% | 10.11% | 6.47% | 4.72% | 01/31/1999 |
| Globally Diversified Growth | 1.06% | 9.86% | 5.37% | 10.83% | 8.89% | 6.81% | 6.12% | 01/31/1999 |
| Hybrid Income | 0.41% | 11.43% | 8.09% | 14.89% | 13.48% | 8.63% | 6.59% | 12/01/2006 |
| Hybrid Income Tax Advantaged | 0.90% | 8.47% | 4.17% | 12.71% | 11.41 | N/A | 8.62% | 03/01/2020 |
Disclosure: Since inception results are as of different periods of time and are not meant for direct comparison between composites.
| Benchmarks | QTD | YTD | 1 Year | 3 Year | 5 Year | 10 Year | ||
|---|---|---|---|---|---|---|---|---|
| CEF Advisors 15 Major CEF Sectors (MKT) | -0.34% | 9.86% | 7.45% | 13.39% | 9.28% | 8.47% | ||
| Barclays Capital Global Aggregate Bond | -0.02% | 7.89% | 5.57% | 4.07% | -1.94% | 1.29% | ||
| CEF Advisors Taxable Bond CEF (MKT) | -0.33% | 8.63% | 7.57% | 11.71% | 5.86% | 7.15% | ||
| CEF Advisors All Sector Equity CEF (MKT) | 1.50% | 21.53% | 21.93% | 20.14% | 14.12% | 11.49% | ||
| CEF Advisors Listed Debt BDC Index - Equal Weight | 3.38% | -2.85% | -2.84% | 8.70% | 11.15% | 8.45% | ||
| 60/40 S&P 500/Barclays Bond | 1.55% | 13.84% | 11.23% | 13.97% | 8.39% | 9.29% | ||
| CEF Advisors 60/40 Balanced (w/ BDCs) | 0.89% | 15.07% | 14.84% | 16.26% | 10.91% | 9.96% | ||
| CEF Advisors All Municipal Bond | 1.26% | 6.88% | 2.71% | 5.20% | -0.09% | 2.59% | ||
| CEF Advisors High Income (MKT) | -0.09% | 11.16% | 8.13% | 13.38% | 10.06% | 7.53% | ||
| CEF Advisors Tax-Sensitive Income (MKT) | 1.24% | 12.64% | 7.23% | 12.26% | 12.42% | 6.95% |
| Investment Portfolio Model | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Alternative Income | 18.83% | 17.00% | -11.57% | 24.03% | -11.00% | 23.44% | - | - | - | - |
| Alternative Income Tax Advantaged | 17.42% | 15.76% | -12.05% | 24.26% | -6.70% | 24.47% | - | - | - | - |
| Business Development Companies | 8.93% | 35.16% | - | - | - | - | - | - | - | - |
| Conservative Diversified | 13.97% | 9.79% | -14.31% | 14.95% | -5.81% | 23.49% | -10.60% | 14.08% | 9.66% | -9.28% |
| Diversified Equity | 15.59% | 11.08% | -9.91% | 21.24% | -2.70% | 31.16% | - | - | - | - |
| Diversified Fixed Income | 13.58% | 12.41% | -21.29% | - | - | - | - | - | - | - |
| Diversified Low Beta | 17.42% | 18.43% | -11.00% | 21.45% | -6.57% | 21.66% | -7.63% | - | - | - |
| Diversified Tax-Sensitive Income | 14.83% | 14.11% | -16.20% | 26.87% | - | - | - | - | - | - |
| Foundation/Balanced | 16.39% | 17.61% | -15.30% | 21.67% | -2.81% | 23.25% | -9.18% | 12.90% | 9.86% | -8.04% |
| Foundation/Balanced Tax-Advantage | 12.76% | 6.95% | -15.73% | 19.17% | -3.75% | 34.09% | -12.56% | 17.28% | - | - |
| Global Growth & Income | 17.14% | 12.08% | -12.38% | 18.60% | -5.15% | 16.24% | -9.60% | 11.87% | 11.25% | -11.18% |
| Globally Diversified Growth | 15.31% | 12.60% | -14.45% | 20.88% | -2.72% | 27.83% | -11.93% | 15.97% | 7.36% | -10.18% |
| Hybrid Income | 21.22% | 17.33% | -11.42% | 28.42% | -8.19% | 26.59% | -14.98% | 16.65% | 12.19% | -7.10% |
| Hybrid Income Tax Advantaged | 21.04% | 15.19% | -13.15% | 26.13% | - | - | - | - | - | - |
Disclosure: Since inception results are as of different periods of time and are not meant for direct comparison between composites.
| Benchmarks | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| CEF Advisors 15 Major CEF Sectors (MKT) | 19.45% | 14.96% | -18.88% | 22.56% | 3.46% | 28.05% | -10.35% | 13.94% | 13.92% | -6.22% |
| Barclays Capital Global Aggregate Bond | -1.69% | 5.72% | -16.25% | -4.71% | 9.20% | 6.84% | -1.20% | 7.39% | 2.08% | -3.15% |
| CEF Advisors Taxable Bond CEF (MKT) | 15.52% | 13.43% | -19.04% | 11.19% | 4.49% | 24.46% | -6.32% | 11.02% | 16.93% | -4.46% |
| CEF Advisors All Sector Equity CEF (MKT) | 29.11% | 13.49% | -18.20% | 26.72% | 5.87% | 29.45% | -12.78% | 25.48% | 10.64% | -9.18% |
| CEF Advisors Listed Debt BDC Index - Equal Weight | 10.05% | 27.42% | -10.21% | 39.15% | -7.26% | 29.37% | -6.36% | 1.20% | 22.95% | -3.52% |
| 60/40 S&P 500/Barclays Bond | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -4.38% | 21.83% | 11.95% | 1.38% |
| CEF Advisors 60/40 Balanced (w/ BDCs) | 23.24% | 14.15% | -18.83% | 22.51% | 6.10% | 28.13% | -10.61% | 18.91% | 14.16% | -7.30% |
| CEF Advisors All Municipal Bond | 6.29% | 4.06% | -23.70% | 7.63% | 5.98% | 20.51% | -6.16% | 7.79% | 0.88% | 8.05% |
| CEF Advisors High Income (MKT) | 18.17% | 16.18% | -18.82% | 25.68% | -9.34% | 24.09% | -12.79% | 14.55% | 24.93% | -12.93% |
| CEF Advisors Tax-Sensitive Income (MKT) | 18.50% | 9.12% | -7.91% | 30.46% | -14.16% | 22.28% | -13.15% | 10.40% | 14.65% | -14.26% |
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