The RiverNorth Closed-End Fund ("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 asset class exposures
similar to the broader taxable closed-end fund market, and, 2) to ensure the index constituents have trading
liquidity. To accomplish these objectives, the RiverNorth methodology 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 equally weights each security to represent the asset class in the
index. The index is rebalanced annually on June 30th.
Symbol |
Weighting |
Fund Name |
PDX |
1.72% | PIMCO Dynamic Income Strategy Fund |
KYN |
1.62% | Kayne Anderson Energy Infrastructure Fund, Inc. |
ADX |
1.60% | Adams Diversified Equity Fund Inc Shs |
OXLC |
1.58% | Oxford Lane Capital Corp |
NBXG |
1.53% | Neuberger Berman Next Generation Connectivity Fund Inc |
AIO |
1.51% | Virtus Artificial Intelligence & Technology Opportunities Fund |
FFC |
1.51% | Flaherty & Crumrine Preferred and Income Securities Fund Incorporated |
NML |
1.49% | Neuberger Berman Energy Infrastructure and Income Fund Inc. |
VVR |
1.47% | Invesco Senior Income Trust |
CHW |
1.46% | Calamos Global Dynamic Income Fund |
PDT |
1.46% | John Hancock Premium Dividend Fund |
JPC |
1.45% | Nuveen Preferred & Income Opportunities Fund of Benef Interest |
JQC |
1.44% | Nuveen Credit Strategies Income Fund |
CSQ |
1.44% | Calamos Strategic Total Return Fund |
EOD |
1.43% | Allspring Global Dividend Opportunity Fund of Benef Interest |
RIV |
1.42% | RiverNorth Opportunities Fund, Inc. |
ETY |
1.42% | Eaton Vance Tax-Managed Diversified Equity Income Fund |
GLO |
1.41% | Clough Global Opportunities Fund |
ECC |
1.40% | Eagle Point Credit Co., Inc. |
WDI |
1.40% | Western Asset Diversified Income Fund Registeredof Benef Interest |
EMD |
1.40% | Western Asset Emerging Markets Debt Fund Inc |
HYT |
1.40% | BlackRock Corporate High Yield Fund Inc |
BCAT |
1.40% | BlackRock Capital Allocation Term Trust |
BSTZ |
1.39% | BlackRock Science and Technology Term Trust of Benef Interest |
BST |
1.39% | BlackRock Science & Technology Trust |
GGN |
1.38% | GAMCO Global Gold. Natural Resources & Income Trust |
IFN |
1.38% | India Fund Inc |
DHF |
1.37% | BNY Mellon High Yield Strategies Fund of Benef Interest |
DHY |
1.37% | Credit Suisse High Yield Bond Fund |
ETV |
1.36% | Eaton Vance Tax-Managed Buy-Write Opportunities Fund |
DSL |
1.36% | DoubleLine Income Solutions Fund |
CRF |
1.36% | Cornerstone Total Return Fund Inc |
BGR |
1.36% | BlackRock Energy and Resources Trust |
ETJ |
1.36% | Eaton Vance Risk-Managed Diversified Equity Income Fund |
EXG |
1.36% | Eaton Vance Tax-Managed Global Diversified Equity Income Fund |
PDI |
1.35% | PIMCO Dynamic Income Fund |
BTZ |
1.35% | BlackRock Credit Allocation Income Trust |
USA |
1.35% | Liberty All Star Equity Fund |
PTA |
1.35% | Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund |
EVV |
1.34% | Eaton Vance Limited Duration Income Fund |
PTY |
1.32% | PIMCO Corporate & Income Opportunity Fund |
RVT |
1.32% | Royce Small-Cap Trust Inc |
PFN |
1.31% | PIMCO Income Strategy Fund II |
FAX |
1.31% | abrdn Asia-Pacific Income Fund, Inc. |
IGR |
1.29% | CBRE Global Real Estate Income Fund |
CLM |
1.29% | Cornerstone Strategic Value Fund Inc |
CIK |
1.29% | Credit Suisse Asset Management Income Fund Inc |
AOD |
1.29% | abrdn Total Dynamic Dividend Fund |
BGY |
1.29% | BlackRock Enhanced International Dividend Trust of Benef Interest |
AWP |
1.29% | abrdn Global Premier Properties Fund |
IGD |
1.28% | Voya Global Equity Dividend and Premium Opportunity Fund |
ETW |
1.28% | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund |
GOF |
1.28% | Guggenheim Strategic Opportunities Fund |
NFJ |
1.27% | Virtus Dividend. Interest & Premium Strategy Fund of Beneficial Interest |
FPF |
1.27% | First Trust Intermediate Duration Preferred & Income Fund |
RQI |
1.27% | Cohen & Steers Quality Income Realty Fund Inc Quality Income Realty Fund |
PHK |
1.27% | Pimco High Income Fund |
UTG |
1.26% | Reaves Utility Income Fund |
BCX |
1.26% | BlackRock Resources & Commodities Strategy Trust |
ASG |
1.25% | Liberty All-Star Growth Fund Inc |
BDJ |
1.25% | BlackRock Enhanced Equity Dividend Trust |
BKT |
1.25% | Blackrock Income Trust Inc |
NCV |
1.24% | Virtus Convertible & Income Fund of Beneficial Interest |
MIN |
1.24% | MFS Intermediate Income Trust |
NCZ |
1.24% | Virtus Convertible & Income Fund II Beneficial Interest |
UTF |
1.20% | Cohen & Steers Infrastructure Fund, Inc. |
BMEZ |
1.19% | BlackRock Health Sciences Term Trust |
ZTR |
1.18% | Virtus Total Return Fund Inc |
BIGZ |
1.17% | BlackRock Innovation and Growth Term Trust |
GAB |
1.17% | Gabelli Equity Trust Inc |
GUT |
1.13% | Gabelli Utility Trust |
TDF |
1.02% | Templeton Dragon Fund Inc |
RA |
1.00% | Brookfield Real Assets Income Fund Inc of Benef. Interest |
DNP |
1.00% | DNP Select Income Fund Inc |
HFRO |
0.88% | Highland Opportunities and Income Fund |
The index was created and developed by RiverNorth Capital Management, LLC. RiverNorth does not guarantee the accuracy 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.