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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
| 1 Month | 3 Month | YTD | 1 Year | 3 Year† | Weighted Average Discount |
|
| RiverNorth Taxable CEF Index (Price) Performance | 1.69% | 18.55% | -18.97% | -14.83% | -1.40% | -6.85% |
| RiverNorth Taxable CEF Index (NAV) Performance | 1.81% | 16.56% | -14.93% | -11.58% | -0.14% | - - |
| # | Symbol | Weighting | Fund Name |
| 1 | ETJ | 1.76% | EV Risk-Mgd Divers Equity Inc |
| 2 | CRF | 1.73% | Cornerstone Total Return |
| 3 | CLM | 1.73% | Cornerstone Strategic Value |
| 4 | BTZ | 1.71% | BlackRock Credit Allocation Inc |
| 5 | BKT | 1.71% | BlackRock Income Trust |
| 6 | FFC | 1.70% | Flah&Crum Pref Securities Income |
| 7 | CSQ | 1.66% | Calamos Strategic Total Return |
| 8 | GLO | 1.65% | Clough Global Opportunities |
| 9 | AWF | 1.65% | AllianceBernstein Glb High Inc |
| 10 | ADX | 1.65% | Adams Diversified Equity Fund |
| 11 | ETV | 1.63% | EV Tax-Managed Buy-Write Opps |
| 12 | HYT | 1.62% | BlackRock Corp High Yield |
| 13 | CHW | 1.58% | Calamos Global Dynamic Income |
| 14 | FPF | 1.58% | First Trust Inter Dur Pref & Income Fund |
| 15 | BGY | 1.55% | BlackRock Intern'l Grth & Inc |
| 16 | USA | 1.55% | Liberty All-Star Equity |
| 17 | FAX | 1.55% | Aberdeen Asia-Pacific Income |
| 18 | FTF | 1.54% | Franklin Limited Duration Income Trust |
| 19 | EXG | 1.54% | EV Tax-Mgd Gbl Div Equity Income |
| 20 | ETY | 1.54% | EV Tax-Managed Div Equity Income |
| 21 | DNP | 1.54% | DNP Select Income |
| 22 | RVT | 1.53% | Royce Value Trust |
| 23 | LDP | 1.53% | Cohen & Steers Limited Dur Prf & Inc |
| 24 | EVV | 1.53% | EV Limited Duration Income |
| 25 | HIO | 1.53% | Western Asset High Income Opp |
| 26 | ETW | 1.52% | EV Tax-Managed Glb B-W Opps |
| 27 | HIX | 1.52% | Western Asset High Inc Fund II |
| 28 | ETG | 1.51% | EV Tax Adv Global Dividend Inc |
| 29 | JPS | 1.50% | Nuveen Preferred Securities Income |
| 30 | BOE | 1.48% | BlackRock Global Opportunities |
| 31 | PTY | 1.47% | PIMCO Corporate & Income Opps |
| 32 | CAF | 1.46% | MS China A Share |
| 33 | ZTR | 1.46% | Virtus Global Dividend & Income |
| 34 | EAD | 1.45% | Wells Fargo Inc Opp |
| 35 | UTF | 1.44% | Cohen & Steers Infrastructure |
| 36 | PFN | 1.43% | PIMCO Income Strategy Fund II |
| 37 | GAB | 1.43% | Gabelli Equity Trust |
| 38 | DHF | 1.43% | Dreyfus High Yield Strategies |
| 39 | PPR | 1.42% | Voya Prime Rate Trust |
| 40 | BDJ | 1.42% | BlackRock Enhanced Equity Div |
| 41 | JPC | 1.40% | Nuveen Pref Income Opps Fund |
| 42 | EDD | 1.39% | MS Emerging Markets Domestic |
| 43 | DHY | 1.39% | Credit Suisse High Yield Bond |
| 44 | GIM | 1.39% | Templeton Global Income |
| 45 | GGN | 1.38% | GAMCO Glb Gold Natural Res & Income |
| 46 | EVT | 1.37% | EV Tax Advantaged Dividend Inc |
| 47 | RQI | 1.36% | Cohen & Steers Qty Inc Realty |
| 48 | NCZ | 1.36% | AllianzGI Convertible & Inc II |
| 49 | JFR | 1.36% | Nuveen Floating Rate Income |
| 50 | VTA | 1.36% | Invesco Dynamic Credit Opps |
| 51 | IGR | 1.36% | CBRE Clarion Global Real Est Income |
| 52 | JQC | 1.36% | Nuveen Credit Strategies Income |
| 53 | NCV | 1.36% | AllianzGI Convertible & Income |
| 54 | PCI | 1.35% | PIMCO Dynamic Credit and Mortgage Inc |
| 55 | VVR | 1.35% | Invesco Senior Income Trust |
| 56 | AEF | 1.34% | Aberdeen Emerging Markets Equity Income Fund |
| 57 | DSL | 1.34% | DoubleLine Income Solutions |
| 58 | PDI | 1.34% | PIMCO Dynamic Income |
| 59 | AOD | 1.28% | Alpine Total Dynamic Dividend |
| 60 | BCX | 1.28% | BlackRock Resources & Commdty |
| 61 | AWP | 1.27% | Alpine Global Premier Property |
| 62 | IGD | 1.27% | Voya Global Equity Dividend&Premium Opp |
| 63 | PHK | 1.18% | PIMCO High Income |
| 64 | RCS | 1.13% | PIMCO Strategic Income |
| 65 | NHF | 1.00% | NexPoint Credit Strategies Fund |
| 66 | OXLC | 0.82% | Oxford Lane Capital Corp |
| 67 | KMF | 0.71% | Kayne Anderson MidstreamEnergy |
| 68 | NML | 0.68% | Neuberger Berman MLP Income |
| 69 | KYN | 0.61% | Kayne Anderson MLP |
| 70 | CEM | 0.47% | ClearBridge Energy MLP |
| 71 | EMO | 0.45% | ClearBridge Energy MLP Opps |
| 72 | TYG | 0.31% | Tortoise Energy Infrastructure |
| 73 | GER | 0.29% | Goldman Sachs MLP and Energy Rena |
| 74 | CEN | 0.24% | Center Coast MLP & Infrastructure |
| 75 | NTG | 0.22% | Tortoise MLP 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.
1 Discounts are the result of a closed-end fund’s market price deviating from its Net Asset Value (NAV).
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