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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 | 4.63% | -12.13% | -20.31% | -12.49% | -1.72% | -6.63% |
| RiverNorth Taxable CEF Index (NAV) Performance | 4.79% | -11.10% | -16.44% | -9.96% | -0.47% | - - |
| # | Symbol | Weighting | Fund Name |
| 1 | BTZ | 1.77% | BlackRock Credit Allocation Inc |
| 2 | ETJ | 1.73% | EV Risk-Mgd Divers Equity Inc |
| 3 | CLM | 1.73% | Cornerstone Strategic Value |
| 4 | BKT | 1.72% | BlackRock Income Trust |
| 5 | FFC | 1.70% | Flah&Crum Pref Securities Income |
| 6 | CRF | 1.70% | Cornerstone Total Return |
| 7 | ADX | 1.66% | Adams Diversified Equity Fund |
| 8 | AWF | 1.66% | AllianceBernstein Glb High Inc |
| 9 | CSQ | 1.64% | Calamos Strategic Total Return |
| 10 | HYT | 1.62% | BlackRock Corp High Yield |
| 11 | LDP | 1.61% | Cohen & Steers Limited Dur Prf & Inc |
| 12 | ETV | 1.60% | EV Tax-Managed Buy-Write Opps |
| 13 | DNP | 1.60% | DNP Select Income |
| 14 | FPF | 1.57% | First Trust Inter Dur Pref & Income Fund |
| 15 | HIO | 1.57% | Western Asset High Income Opp |
| 16 | EVV | 1.54% | EV Limited Duration Income |
| 17 | BGY | 1.54% | BlackRock Intern'l Grth & Inc |
| 18 | USA | 1.54% | Liberty All-Star Equity |
| 19 | GLO | 1.53% | Clough Global Opportunities |
| 20 | ETY | 1.53% | EV Tax-Managed Div Equity Income |
| 21 | CHW | 1.52% | Calamos Global Dynamic Income |
| 22 | JPS | 1.52% | Nuveen Preferred Securities Income |
| 23 | FAX | 1.51% | Aberdeen Asia-Pacific Income |
| 24 | EXG | 1.51% | EV Tax-Mgd Gbl Div Equity Income |
| 25 | ZTR | 1.50% | Virtus Global Dividend & Income |
| 26 | FTF | 1.50% | Franklin Limited Duration Income Trust |
| 27 | EAD | 1.49% | Wells Fargo Inc Opp |
| 28 | ETW | 1.49% | EV Tax-Managed Glb B-W Opps |
| 29 | UTF | 1.49% | Cohen & Steers Infrastructure |
| 30 | RVT | 1.48% | Royce Value Trust |
| 31 | BOE | 1.48% | BlackRock Global Opportunities |
| 32 | ETG | 1.48% | EV Tax Adv Global Dividend Inc |
| 33 | DHF | 1.47% | Dreyfus High Yield Strategies |
| 34 | JPC | 1.46% | Nuveen Pref Income Opps Fund |
| 35 | HIX | 1.44% | Western Asset High Inc Fund II |
| 36 | PTY | 1.43% | PIMCO Corporate & Income Opps |
| 37 | BDJ | 1.43% | BlackRock Enhanced Equity Div |
| 38 | GIM | 1.42% | Templeton Global Income |
| 39 | PFN | 1.42% | PIMCO Income Strategy Fund II |
| 40 | PPR | 1.41% | Voya Prime Rate Trust |
| 41 | EVT | 1.40% | EV Tax Advantaged Dividend Inc |
| 42 | JQC | 1.40% | Nuveen Credit Strategies Income |
| 43 | EDD | 1.40% | MS Emerging Markets Domestic |
| 44 | DHY | 1.38% | Credit Suisse High Yield Bond |
| 45 | CAF | 1.38% | MS China A Share |
| 46 | PCI | 1.37% | PIMCO Dynamic Credit and Mortgage Inc |
| 47 | GGN | 1.37% | GAMCO Glb Gold Natural Res & Income |
| 48 | IGR | 1.37% | CBRE Clarion Global Real Est Income |
| 49 | GAB | 1.36% | Gabelli Equity Trust |
| 50 | VVR | 1.35% | Invesco Senior Income Trust |
| 51 | JFR | 1.35% | Nuveen Floating Rate Income |
| 52 | RQI | 1.35% | Cohen & Steers Qty Inc Realty |
| 53 | NCV | 1.34% | AllianzGI Convertible & Income |
| 54 | VTA | 1.34% | Invesco Dynamic Credit Opps |
| 55 | PDI | 1.33% | PIMCO Dynamic Income |
| 56 | IGD | 1.31% | Voya Global Equity Dividend&Premium Opp |
| 57 | NCZ | 1.29% | AllianzGI Convertible & Inc II |
| 58 | AWP | 1.27% | Alpine Global Premier Property |
| 59 | AEF | 1.27% | Aberdeen Emerging Markets Equity Income Fund |
| 60 | DSL | 1.26% | DoubleLine Income Solutions |
| 61 | AOD | 1.25% | Alpine Total Dynamic Dividend |
| 62 | BCX | 1.25% | BlackRock Resources & Commdty |
| 63 | RCS | 1.22% | PIMCO Strategic Income |
| 64 | PHK | 1.20% | PIMCO High Income |
| 65 | NHF | 0.94% | NexPoint Credit Strategies Fund |
| 66 | KMF | 0.78% | Kayne Anderson MidstreamEnergy |
| 67 | NML | 0.73% | Neuberger Berman MLP Income |
| 68 | KYN | 0.71% | Kayne Anderson MLP |
| 69 | OXLC | 0.67% | Oxford Lane Capital Corp |
| 70 | CEM | 0.55% | ClearBridge Energy MLP |
| 71 | EMO | 0.51% | ClearBridge Energy MLP Opps |
| 72 | TYG | 0.36% | Tortoise Energy Infrastructure |
| 73 | GER | 0.32% | Goldman Sachs MLP and Energy Rena |
| 74 | CEN | 0.30% | Center Coast MLP & Infrastructure |
| 75 | NTG | 0.27% | 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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