The RiverNorth CEF Index is an equal weighted
index of 75 taxable closed-end funds. The rules-based index has two
objectives: 1) to ensure the index constituents provide similar asset class
exposures as the broader taxable closed-end fund market, and 2) to ensure the
index constituents have trading liquidity. To accomplish these objectives, the
RiverNorth methodology first weights the asset classes based on their
respective net asset values within the taxable closed-end fund market and
second, selects the most liquid closed-end funds within each asset class and
equal weights each security to represent the asset class in the index. The
index is rebalanced annually on June 30th.
The index was created and developed by
RiverNorth Capital Management, LLC. RiverNorth does
not guarantee the accuracy and/or the completeness of the index or any data
included therein and RiverNorth shall have no liability
for any errors, omissions or interruptions therein. RiverNorth
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. RiverNorth 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
RiverNorth 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.
