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 9.30.2021

1 Month 3 Month YTD 1 Year 3 Year Weighted
Average
Discount
RiverNorth Taxable CEF Index (Price) Performance -2.78% -1.50% 18.43% 38.23% 8.05% -1.56%
RiverNorth Taxable CEF Index (NAV) Performance -2.18% -0.39% 13.10% 27.07% 6.91% - -

Index Returns as of 9.30.2021

https://www.rivernorth.com/images/2021-09-30-cef-index-taxable-returns.svg

Average Discount1 as of 9.30.2021

https://www.rivernorth.com/images/2021-09-30-cef-index-taxable-discounts.svg

Asset Class Weightings as of 9.30.2021

Asset Class Allocation
Specialized Equity 18.29%
US Equity 11.10%
Covered Call 10.85%
All Hybrid 9.39%
High Yield 7.92%
Bank Loans 6.82%
Preferreds 5.44%
Investment Grade (IG) 5.31%
Multi-Sector 5.09%
Global Income 3.96%
Real Estate 3.92%
Non-US Equity 3.89%
Convertibles 2.68%
Global Equity 2.64%
Limited Duration 1.38%
Emerging Income 1.31%
Specialized Equity 18.29%
US Equity 11.10%
Covered Call 10.85%
All Hybrid 9.39%
High Yield 7.92%
Bank Loans 6.82%
Preferreds 5.44%
Investment Grade (IG) 5.31%
Multi-Sector 5.09%
Global Income 3.96%
Real Estate 3.92%
Non-US Equity 3.89%
Convertibles 2.68%
Global Equity 2.64%
Limited Duration 1.38%
Emerging Income 1.31%

Constituents as of 9.30.2021

Symbol Weighting Fund Name
CLM 1.55%Cornerstone Strategic Value
CRF 1.54%Cornerstone Total Return
IFN 1.46%India Fund Inc
DNP 1.41%DNP Select Income
GLO 1.40%Clough Global Opportunities
HGLB 1.39%Highland Global Allocation Fund
BHK 1.38%BlackRock Core Bond
EVV 1.38%EV Limited Duration Income
NHF 1.38%NexPoint Strategic Opportunities Fund
JFR 1.38%Nuveen Floating Rate Income
HYT 1.37%BlackRock Corp High Yield
ETY 1.37%EV Tax-Managed Div Equity Income
FPF 1.37%First Trust Inter Dur Pref & Income Fund
VVR 1.37%Invesco Senior Income Trust
ETW 1.37%EV Tax-Managed Glb B-W Opps
OXLC 1.36%Oxford Lane Capital Corp
IGD 1.36%Voya Global Equity Dividend&Premium Opp
ETV 1.36%EV Tax-Managed Buy-Write Opps
ADX 1.36%Adams Diversified Equity Fund
BXMX 1.36%Nuveen S&P 500 Buy-Write Income
CIK 1.36%Credit Suisse Asset Mgmt Income
NSL 1.36%Nuveen Senior Income
JPC 1.36%Nuveen Pref & Income Opps Fund
NML 1.35%NB MLP and Energy Income Fund Inc.
NFJ 1.35%Virtus Divid, Interest & Prem
EXG 1.35%EV Tax-Mgd Gbl Div Equity Income
PDT 1.35%JH Premium Dividend Fund
JPS 1.35%Nuveen Pref & Income Securities Fund
HIO 1.35%Western Asset High Income Opp
GAB 1.34%Gabelli Equity Trust
BTZ 1.34%BlackRock Credit Allocation Inc
MIN 1.34%MFS® Intermediate Income
ASG 1.34%Liberty All-Star Growth
NCZ 1.34%Virtus AllianzGI Convert & Inc Fund II
CSQ 1.34%Calamos Strategic Total Return
NCV 1.34%Virtus AllianzGI Convert & Inc Fund
NRGX 1.34%PIMCO Energy & Tactical Credit Opps
GDV 1.34%Gabelli Dividend & Income
JQC 1.34%Nuveen Credit Strategies Income
KMF 1.33%Kayne Anderson MidstreamEnergy
FPL 1.33%First Trust New Opps MLP & Energy
GIM 1.33%Templeton Global Income
BDJ 1.33%BlackRock Enhanced Equity Div
RA 1.33%Brookfield Real Assets Income Fund Inc.
ZTR 1.33%Virtus Total Return Fund Inc.
AOD 1.32%Aberdeen Total Dynamic Dividend
USA 1.32%Liberty All-Star Equity
EOD 1.32%Wells Fargo Global Dividend Opportunity
BGR 1.32%BlackRock Energy & Resources
BKT 1.32%BlackRock Income Trust
IGR 1.31%CBRE Clarion Global Real Est Income
RVT 1.31%Royce Value Trust
PCI 1.31%PIMCO Dynamic Credit and Mortgage Inc
AWP 1.31%Aberdeen Global Premier Property
UTG 1.31%Reaves Utility Income
EDD 1.31%MS Emerging Markets Domestic
BCX 1.30%BlackRock Resources & Commdty
UTF 1.30%Cohen & Steers Infrastructure
DPG 1.30%Duff & Phelps Utility and Infra Fund Inc
RQI 1.30%Cohen & Steers Qty Inc Realty
FAX 1.29%Aberdeen Asia-Pacific Income
DHY 1.29%Credit Suisse High Yield Bond
GGN 1.29%GAMCO Glb Gold Natural Res & Income
PTY 1.28%PIMCO Corporate & Income Opps
PDI 1.28%PIMCO Dynamic Income
BMEZ 1.28%BlackRock Health Sciences Trust II
PHK 1.27%PIMCO High Income
BSTZ 1.27%BlackRock Science & Technology Trust II
IAF 1.27%Aberdeen Australia Equity
FEI 1.26%First Trust MLP & Energy Inc Fund
KYN 1.24%Kayne Anderson MLP/Midstream
GOF 1.23%Guggenheim Strategic Opp Fund
DHF 1.22%BNY Mellon High Yield Strategies Fund
CHW 1.21%Calamos Global Dynamic Income
IHD 1.17%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).