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.
Totals may not add up to 100% due to rounding.
| Symbol |
Weighting |
Fund Name |
| NML |
1.87% | NB MLP and Energy Income Fund Inc. |
| HGLB |
1.75% | Highland Global Allocation Fund |
| BGR |
1.71% | BlackRock Energy & Resources |
| DNP |
1.70% | DNP Select Income |
| BCX |
1.69% | BlackRock Resources & Commdty |
| NRGX |
1.69% | PIMCO Energy & Tactical Credit Opps |
| KMF |
1.63% | Kayne Anderson MidstreamEnergy |
| KYN |
1.56% | Kayne Anderson MLP/Midstream |
| FPL |
1.56% | First Trust New Opps MLP & Energy |
| FEI |
1.54% | First Trust MLP & Energy Inc Fund |
| DPG |
1.52% | Duff & Phelps Utility and Infra Fund Inc |
| GGN |
1.51% | GAMCO Glb Gold Natural Res & Income |
| GAB |
1.50% | Gabelli Equity Trust |
| RA |
1.47% | Brookfield Real Assets Income Fund Inc. |
| UTG |
1.45% | Reaves Utility Income |
| RQI |
1.45% | Cohen & Steers Qty Inc Realty |
| IGD |
1.45% | Voya Global Equity Dividend&Premium Opp |
| OXLC |
1.45% | Oxford Lane Capital Corp |
| IGR |
1.44% | CBRE Clarion Global Real Est Income |
| CLM |
1.44% | Cornerstone Strategic Value |
| ZTR |
1.43% | Virtus Total Return Fund Inc. |
| JFR |
1.42% | Nuveen Floating Rate Income |
| UTF |
1.42% | Cohen & Steers Infrastructure |
| EVT |
1.41% | NexPoint Strategic Opportunities Fund |
| CRF |
1.41% | Cornerstone Total Return |
| BXMX |
1.41% | Nuveen S&P 500 Buy-Write Income |
| VVR |
1.40% | Invesco Senior Income Trust |
| BDJ |
1.40% | BlackRock Enhanced Equity Div |
| ADX |
1.39% | Adams Diversified Equity Fund |
| IFN |
1.38% | India Fund Inc |
| ETY |
1.37% | EV Tax-Managed Div Equity Income |
| AWP |
1.37% | Aberdeen Global Premier Property |
| NSL |
1.36% | Nuveen Senior Income |
| ETV |
1.36% | EV Tax-Managed Buy-Write Opps |
| PDT |
1.34% | JH Premium Dividend Fund |
| IAF |
1.34% | Aberdeen Australia Equity |
| JQC |
1.33% | Nuveen Credit Strategies Income |
| EXG |
1.33% | EV Tax-Mgd Gbl Div Equity Income |
| GOF |
1.33% | Guggenheim Strategic Opp Fund |
| EOD |
1.31% | Wells Fargo Global Dividend Opportunity |
| AOD |
1.31% | Aberdeen Total Dynamic Dividend |
| ETW |
1.29% | EV Tax-Managed Glb B-W Opps |
| NFJ |
1.28% | Virtus Divid, Interest & Prem |
| GDV |
1.27% | Gabelli Dividend & Income |
| CSQ |
1.27% | Calamos Strategic Total Return |
| EVV |
1.27% | EV Limited Duration Income |
| PHK |
1.27% | PIMCO High Income |
| HYT |
1.27% | BlackRock Corp High Yield |
| GIM |
1.27% | Templeton Global Income |
| DHY |
1.26% | Credit Suisse High Yield Bond |
| RVT |
1.25% | Royce Value Trust |
| CIK |
1.25% | Credit Suisse Asset Mgmt Income |
| PDI |
1.23% | PIMCO Dynamic Income |
| MIN |
1.23% | MFS® Intermediate Income |
| USA |
1.22% | Liberty All-Star Equity |
| HIO |
1.21% | Western Asset High Income Opp |
| FPF |
1.20% | First Trust Inter Dur Pref & Income Fund |
| JPC |
1.20% | Nuveen Pref & Income Opps Fund |
| ASG |
1.17% | Liberty All-Star Growth |
| JPS |
1.17% | Nuveen Pref & Income Securities Fund |
| PFN |
1.16% | PIMCO Dynamic Credit and Mortgage Inc |
| BKT |
1.14% | BlackRock Income Trust |
| EDD |
1.12% | MS Emerging Markets Domestic |
| PTY |
1.12% | PIMCO Corporate & Income Opps |
| BHK |
1.12% | BlackRock Core Bond |
| NCV |
1.11% | Virtus AllianzGI Convert & Inc Fund |
| BTZ |
1.11% | BlackRock Credit Allocation Inc |
| IHD |
1.11% | Voya Emerging Markets High Dividend Eq |
| NCZ |
1.10% | Virtus AllianzGI Convert & Inc Fund II |
| FAX |
1.10% | Aberdeen Asia-Pacific Income |
| CHW |
1.09% | Calamos Global Dynamic Income |
| GLO |
1.07% | Clough Global Opportunities |
| DHF |
1.07% | BNY Mellon High Yield Strategies Fund |
| BMEZ |
0.91% | BlackRock Health Sciences Trust II |
| BSTZ |
0.89% | BlackRock Science & Technology Trust II |
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).
