Taxable CEF Index
About
Performance
Index Returns
Average Discount
Asset Class Weightings
Constituents
Disclosures

About the Index

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.

For more information: info@rivernorth.com

Performance as of 8.31.2022

1 Month 3 Month YTD 1 Year 3 Year Weighted
Average
Discount
RiverNorth Taxable CEF Index (Price) Performance -1.59% -2.62% -10.58% -9.34% 4.40% -2.10%
RiverNorth Taxable CEF Index (NAV) Performance -2.22% -4.56% -10.15% -8.45% 3.53% - -

Index Returns as of 8.31.2022

https://www.rivernorth.com/images/2022-08-31-cef-index-taxable-returns.svg

Average Discount1 as of 8.31.2022

https://www.rivernorth.com/images/2022-08-31-cef-index-taxable-discounts.svg

Asset Class Weightings as of 8.31.2022

Asset Class Allocation
Specialized Equity 17.56%
US Equity 12.28%
Covered Call 12.27%
All Hybrid 9.30%
High Yield 6.63%
Bank Loans 6.61%
Multi-Sector 6.57%
Preferreds 6.51%
Investment Grade (IG) 3.97%
Real Estate 3.94%
Global Income 3.84%
Convertibles 2.72%
Global Equity 2.66%
Non-US Equity 2.51%
Emerging Income 1.33%
Limited Duration 1.31%
Specialized Equity 17.56%
US Equity 12.28%
Covered Call 12.27%
All Hybrid 9.30%
High Yield 6.63%
Bank Loans 6.61%
Multi-Sector 6.57%
Preferreds 6.51%
Investment Grade (IG) 3.97%
Real Estate 3.94%
Global Income 3.84%
Convertibles 2.72%
Global Equity 2.66%
Non-US Equity 2.51%
Emerging Income 1.33%
Limited Duration 1.31%

Constituents as of 8.31.2022

Symbol Weighting Fund Name
CLM 1.53%Cornerstone Strategic Value
CRF 1.51%Cornerstone Total Return
NML 1.51%NB MLP and Energy Income Fund Inc.
NRGX 1.49%PIMCO Energy & Tactical Credit Opps
ETY 1.46%EV Tax-Managed Div Equity Income
KMF 1.44%Kayne Anderson NextGen Energy&Infras
EXG 1.43%EV Tax-Mgd Gbl Div Equity Income
CSQ 1.42%Calamos Strategic Total Return
ETJ 1.41%EV Risk-Mgd Divers Equity Inc
KYN 1.40%Kayne Anderson Energy Infrastructure
ETV 1.40%EV Tax-Managed Buy-Write Opps
EOD 1.40%Allspring Global Dividend Opportunity
PTY 1.40%PIMCO Corporate & Income Opps
NBXG 1.39%Neuberger Brmn Nxt Gnrtn Cnnctvty
ETW 1.39%EV Tax-Managed Glb B-W Opps
GOF 1.39%Guggenheim Strategic Opp Fund
IFN 1.39%India Fund Inc
BST 1.38%BlackRock Science and Technology Trust
FEI 1.38%First Trust MLP & Energy Inc Fund
NCZ 1.37%Virtus Convertible & Income Fund II
CIK 1.37%Credit Suisse Asset Mgmt Income
RVT 1.37%Royce Value Trust
RQI 1.36%Cohen & Steers Qty Inc Realty
BDJ 1.36%BlackRock Enhanced Equity Div
OXLC 1.36%Oxford Lane Capital Corp
NCV 1.35%Virtus Convertible & Income Fund
DNP 1.34%DNP Select Income
BGR 1.34%BlackRock Energy & Resources
BIGZ 1.34%BlackRock Innovation and Growth Trust
RA 1.34%Brookfield Real Assets Income Fund Inc.
UTF 1.34%Cohen & Steers Infrastructure
CHW 1.34%Calamos Global Dynamic Income
EMD 1.33%Western Asset Emerg Mkts Debt
BCX 1.33%BlackRock Resources & Commdty
HFRO 1.33%Highland Income Fund
NSL 1.33%Nuveen Senior Income
DHY 1.33%Credit Suisse High Yield Bond
PDI 1.33%PIMCO Dynamic Income
BSTZ 1.33%BlackRock Science & Technology Trust II
NFJ 1.33%Virtus Divid, Interest & Prem
DSL 1.32%DoubleLine Income Solutions
ADX 1.32%Adams Diversified Equity Fund
RIV 1.32%RiverNorth Opportunities
JQC 1.32%Nuveen Credit Strategies Income
JPC 1.32%Nuveen Pref & Income Opps Fund
IGR 1.31%CBRE Global Real Estate Income
UTG 1.31%Reaves Utility Income
FPF 1.31%First Trust Inter Dur Pref & Income Fund
DHF 1.31%BNY Mellon High Yield Strategies Fund
EVV 1.31%EV Limited Duration Income
WDI 1.30%Western Asset Diversified Income Fund
USA 1.30%Liberty All-Star Equity
PHK 1.29%PIMCO High Income
JPS 1.29%Nuveen Pref & Income Securities Fund
PTA 1.29%Cohen & Steers Tax-adv Prd Sec and Inc
FFC 1.29%Flah&Crum Pref Securities Income
GAB 1.29%Gabelli Equity Trust
BCAT 1.28%BlackRock Capital Allocation Trust Ordin
BKT 1.28%BlackRock Income Trust
AWP 1.28%abrdn Global Premier Property
BTZ 1.28%BlackRock Credit Allocation Inc
HYT 1.28%BlackRock Corp High Yield
BMEZ 1.27%BlackRock Health Sciences Trust II
MIN 1.26%MFS® Intermediate Income
PFN 1.26%PIMCO Income Strategy Fund II
AOD 1.26%abrdn Total Dynamic Dividend
IGD 1.26%Voya Global Equity Dividend&Premium Opp
VVR 1.26%Invesco Senior Income Trust
FAX 1.26%abrdn Asia-Pacific Income
GLO 1.24%Clough Global Opportunities
ASG 1.22%Liberty All-Star Growth
BGY 1.22%BlackRock Enhanced Intl Div Trust
GGN 1.21%GAMCO Glb Gold Natural Res & Income
ZTR 1.21%Virtus Total Return Fund Inc.
TDF 1.12%Templeton Dragon Fund

Disclosures

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.

1 Discounts are the result of a closed-end fund’s market price deviating from its Net Asset Value (NAV).