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 |
| CLM |
1.63% | Cornerstone Strategic Value |
| CRF |
1.59% | Cornerstone Total Return |
| OXLC |
1.46% | Oxford Lane Capital Corp |
| NHF |
1.45% | NexPoint Strategic Opportunities Fund |
| GLO |
1.43% | Clough Global Opportunities |
| HGLB |
1.42% | Highland Global Allocation Fund |
| NML |
1.41% | NB MLP and Energy Income Fund Inc. |
| ADX |
1.40% | Adams Diversified Equity Fund |
| ASG |
1.40% | Liberty All-Star Growth |
| RQI |
1.40% | Cohen & Steers Qty Inc Realty |
| CSQ |
1.39% | Calamos Strategic Total Return |
| NFJ |
1.38% | Virtus Divid, Interest & Prem |
| NRGX |
1.38% | PIMCO Energy & Tactical Credit Opps |
| IGR |
1.38% | CBRE Clarion Global Real Est Income |
| DNP |
1.38% | DNP Select Income |
| ETY |
1.38% | EV Tax-Managed Div Equity Income |
| EXG |
1.38% | EV Tax-Mgd Gbl Div Equity Income |
| BXMX |
1.37% | Nuveen S&P 500 Buy-Write Income |
| NCV |
1.37% | Virtus AllianzGI Convert & Inc Fund |
| AWP |
1.37% | Aberdeen Global Premier Property |
| BGR |
1.37% | BlackRock Energy & Resources |
| ETV |
1.36% | EV Tax-Managed Buy-Write Opps |
| JFR |
1.36% | Nuveen Floating Rate Income |
| ETW |
1.36% | EV Tax-Managed Glb B-W Opps |
| IFN |
1.36% | India Fund Inc |
| PDT |
1.36% | JH Premium Dividend Fund |
| BDJ |
1.35% | BlackRock Enhanced Equity Div |
| NCZ |
1.35% | Virtus AllianzGI Convert & Inc Fund II |
| RA |
1.35% | Brookfield Real Assets Income Fund Inc. |
| KMF |
1.35% | Kayne Anderson MidstreamEnergy |
| ZTR |
1.34% | Virtus Total Return Fund Inc. |
| NSL |
1.34% | Nuveen Senior Income |
| GDV |
1.34% | Gabelli Dividend & Income |
| FPF |
1.34% | First Trust Inter Dur Pref & Income Fund |
| DPG |
1.33% | Duff & Phelps Utility and Infra Fund Inc |
| JPC |
1.33% | Nuveen Pref & Income Opps Fund |
| GAB |
1.33% | Gabelli Equity Trust |
| EVV |
1.33% | EV Limited Duration Income |
| BCX |
1.33% | BlackRock Resources & Commdty |
| VVR |
1.33% | Invesco Senior Income Trust |
| EOD |
1.33% | Wells Fargo Global Dividend Opportunity |
| IGD |
1.33% | Voya Global Equity Dividend&Premium Opp |
| HYT |
1.32% | BlackRock Corp High Yield |
| UTF |
1.32% | Cohen & Steers Infrastructure |
| RVT |
1.32% | Royce Value Trust |
| JPS |
1.32% | Nuveen Pref & Income Securities Fund |
| FPL |
1.31% | First Trust New Opps MLP & Energy |
| AOD |
1.31% | Aberdeen Total Dynamic Dividend |
| HIO |
1.31% | Western Asset High Income Opp |
| CIK |
1.31% | Credit Suisse Asset Mgmt Income |
| UTG |
1.31% | Reaves Utility Income |
| BHK |
1.31% | BlackRock Core Bond |
| BTZ |
1.30% | BlackRock Credit Allocation Inc |
| MIN |
1.30% | MFS® Intermediate Income |
| BSTZ |
1.30% | BlackRock Science & Technology Trust II |
| GGN |
1.30% | GAMCO Glb Gold Natural Res & Income |
| GIM |
1.30% | Templeton Global Income |
| JQC |
1.30% | Nuveen Credit Strategies Income |
| KYN |
1.29% | Kayne Anderson MLP/Midstream |
| PCI |
1.29% | PIMCO Dynamic Credit and Mortgage Inc |
| BKT |
1.28% | BlackRock Income Trust |
| FEI |
1.28% | First Trust MLP & Energy Inc Fund |
| FAX |
1.27% | Aberdeen Asia-Pacific Income |
| DHY |
1.27% | Credit Suisse High Yield Bond |
| PHK |
1.26% | PIMCO High Income |
| CHW |
1.26% | Calamos Global Dynamic Income |
| IAF |
1.25% | Aberdeen Australia Equity |
| PDI |
1.25% | PIMCO Dynamic Income |
| EDD |
1.24% | MS Emerging Markets Domestic |
| USA |
1.24% | Liberty All-Star Equity |
| BMEZ |
1.23% | BlackRock Health Sciences Trust II |
| PTY |
1.22% | PIMCO Corporate & Income Opps |
| DHF |
1.22% | BNY Mellon High Yield Strategies Fund |
| GOF |
1.18% | Guggenheim Strategic Opp Fund |
| IHD |
1.10% | Voya Emerging Markets High Dividend Eq |
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).
