Taxable CEF Index

About the Taxable CEF Index
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 8.31.2019

1 Month 3 Month YTD 1 Year 3 Year Weighted
Average
Discount
RiverNorth Taxable CEF Index (Price) Performance -2.35% 3.40% 18.12% 2.76% 7.60% -3.37%
RiverNorth Taxable CEF Index (NAV) Performance -1.59% 2.45% 12.46% 2.66% 6.86% - -

Index Returns as of 8.31.2019

Average Discount1 as of 8.31.2019

Asset Class Weightings as of 8.31.2019

Asset Class Allocation
Specialized Equity 16.72%
Covered Call 11.99%
High Yield 9.40%
Hybrid 8.08%
Domestic Equity 8.06%
Bank Loans 7.89%
Preferreds 6.95%
Investment Grade (IG) 5.45%
Multi-Sector Bonds 5.40%
Real Estate 4.22%
Global Income 4.01%
Convertibles 2.70%
Limited Duration 2.69%
Global Equity 2.60%
International Equity 2.57%
Emerging Income 1.27%
Specialized Equity 16.72%
Covered Call 11.99%
High Yield 9.40%
Hybrid 8.08%
Domestic Equity 8.06%
Bank Loans 7.89%
Preferreds 6.95%
Investment Grade (IG) 5.45%
Multi-Sector Bonds 5.40%
Real Estate 4.22%
Global Income 4.01%
Convertibles 2.70%
Limited Duration 2.69%
Global Equity 2.60%
International Equity 2.57%
Emerging Income 1.27%

Constituents as of 8.31.2019

SymbolWeightingFund Name
RQI 1.51%Cohen & Steers Qty Inc Realty
DNP 1.45%DNP Select Income
BTZ 1.44%BlackRock Credit Allocation Inc
ZF 1.42%Virtus Total Return Fund Inc.
FFC 1.40%Flah&Crum Pref Securities Income
FPF 1.40%First Trust Inter Dur Pref & Income Fund
DHY 1.40%Credit Suisse High Yield Bond
JPS 1.39%Nuveen Preferred Securities Income
LDP 1.39%Cohen & Steers Limited Dur Prf & Inc
IGR 1.39%CBRE Clarion Global Real Est Income
UTF 1.39%Cohen & Steers Infrastructure
PCI 1.38%PIMCO Dynamic Credit and Mortgage Inc
CLM 1.38%Cornerstone Strategic Value
FAX 1.37%Aberdeen Asia-Pacific Income
CRF 1.37%Cornerstone Total Return
GLO 1.37%Clough Global Opportunities
JPC 1.37%Nuveen Pref Income Opps Fund
BDJ 1.36%BlackRock Enhanced Equity Div
DHF 1.36%Dreyfus High Yield Strategies
BKT 1.36%BlackRock Income Trust
NCV 1.35%AllianzGI Convertible & Income
PTY 1.35%PIMCO Corporate & Income Opps
PHK 1.35%PIMCO High Income
EVV 1.35%EV Limited Duration Income
EVT 1.35%EV Tax Advantaged Dividend Inc
NCZ 1.35%AllianzGI Convertible & Inc II
ETJ 1.35%EV Risk-Mgd Divers Equity Inc
ADX 1.35%Adams Diversified Equity Fund
AWF 1.35%AllianceBernstein Glb High Inc
CSQ 1.35%Calamos Strategic Total Return
GGN 1.34%GAMCO Glb Gold Natural Res & Income
HYT 1.34%BlackRock Corp High Yield
IGD 1.34%Voya Global Equity Dividend&Premium Opp
FTF 1.34%Franklin Limited Duration Income Trust
PFN 1.34%PIMCO Income Strategy Fund II
DSL 1.34%DoubleLine Income Solutions
EAD 1.34%Wells Fargo Inc Opp
EXG 1.34%EV Tax-Mgd Gbl Div Equity Income
PDI 1.34%PIMCO Dynamic Income
ETY 1.34%EV Tax-Managed Div Equity Income
ETG 1.34%EV Tax Adv Global Dividend Inc
PPR 1.33%Voya Prime Rate Trust
GAB 1.33%Gabelli Equity Trust
HIO 1.33%Western Asset High Income Opp
BGY 1.32%BlackRock Intern'l Grth & Inc
USA 1.32%Liberty All-Star Equity
ETW 1.32%EV Tax-Managed Glb B-W Opps
JFR 1.32%Nuveen Floating Rate Income
ETV 1.32%EV Tax-Managed Buy-Write Opps
VTA 1.32%Invesco Dynamic Credit Opps
AWP 1.32%Alpine Global Premier Property
VVR 1.31%Invesco Senior Income Trust
BOE 1.31%BlackRock Global Opportunities
JQC 1.31%Nuveen Credit Strategies Income
NHF 1.30%NexPoint Credit Strategies Fund
RCS 1.30%PIMCO Strategic Income
OXLC 1.30%Oxford Lane Capital Corp
CHW 1.30%Calamos Global Dynamic Income
CAF 1.30%MS China A Share
GIM 1.30%Templeton Global Income
RVT 1.30%Royce Value Trust
HIX 1.28%Western Asset High Inc Fund II
EDD 1.27%MS Emerging Markets Domestic
AEF 1.27%Aberdeen Emerging Markets Equity Income Fund
EMO 1.27%ClearBridge Energy MLP Opps
CEM 1.27%ClearBridge Energy MLP
KYN 1.26%Kayne Anderson MLP
AOD 1.26%Alpine Total Dynamic Dividend
TYG 1.26%Tortoise Energy Infrastructure
BCX 1.26%BlackRock Resources & Commdty
NML 1.25%Neuberger Berman MLP Income
NTG 1.24%Tortoise MLP Fund
GER 1.24%Goldman Sachs MLP and Energy Rena
CEN 1.24%Center Coast MLP & Infrastructure
KMF 1.24%Kayne Anderson MidstreamEnergy

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).

BACK TO TOP