M28 BARRON’S September 16, 2019
NubrgrRlEstSec (NRO)-a ................. A 5.63 5.55 – 1.4 18.9
Nuv Dow 30 DynOverwrite (DIAX)-a N 17.99 18.18 + 1.1 0.8
Nuv AC Engy MLP Opps(JMLP) ...... N 6.37 5.85 – 8.2 – 16.1
NuvCorEqAlpha (JCE)-a ................... N 14.44 14.29 – 1.0 0.2
NuveenDiversDiv&Inc (JDD)-a ........ N 11.43 11.00 – 3.8 9.2
Nuveen Engy MLP Tot Rtn(JMF) ..... N 9.26 8.76 – 5.4 – 9.2
Nuveen Nasdaq100 DynOv (QQQX)-a N 22.75 22.49 – 1.1 – 0.8
Nuv RealEst (JRS)-a ........................ A 11.13 10.63 – 4.5 13.5
Nuveen RlAsst Inc & Gro (JRI)-a ...... N 19.11 17.15 – 10.3 13.8
NuvS&P500DynOvFd (SPXX)-a ....... N NA 16.19 NA 2.6
NuvSP500BuyIncFd (BXMX)-a ........ N 13.28 13.06 – 1.7 – 1.6
PIMGlbStkPI (PGP)-a ...................... N NA 11.62 NA – 7.5
ReavesUtilityIncome (UTG) ............ A 36.50 36.76 + 0.7 24.4
RMRRealEstInc(RIF) ..................... A 24.67 19.76 – 19.9 13.2
Salient Midstream &MLP (SMM) ... N 9.36 7.99 – 14.6 – 13.4
Tortoise EnergyInd (NDP) .............. N 4.82 4.26 – 11.6 – 58.1
Tortoise EnrgyInfra Crp(TYG) ........ N 21.23 21.10 – 0.6 – 15.2
Tortoise Ess Asst Inc Tm (TEAF) ..... N 18.43 16.90 – 8.3 NS
Tortoise MidstreamEnrgy (NTG) .... N 12.93 12.57 – 2.8 – 12.9
Tortoise Pipelne &Enrgy (TTP) ....... N 14.98 13.34 – 10.9 – 14.4
Tortoise Pwr &Engy Infr (TPZ) ....... N 19.47 18.08 – 7.1 2.2
Wells FargoUt& Hi Inc (ERH)-a ....... A NA 13.36 NA 13.1
Income&PreferredStockFunds
CalamosStratTot (CSQ)-a ................ N 12.97 12.95 – 0.2 5.7
CohenStrsLtdDurPref&Inc (LDP) ... N 25.87 25.36 – 2.0 12.0
CohenStrsSelPref&Income (PSF) ... N 26.72 28.94 + 8.3 12.3
Del Div& Inc (DDF) ......................... N 11.07 13.82 + 24.8 25.8
Dividend and Income (DNI) ............. N 15.46 12.05 – 22.1 6.0
Eagle Gr and Inc Opps (EGIF)-a ........ N 18.27 15.83 – 13.4 10.5
FirstTrIntDurPref&Inc (FPF) ........... N 23.90 23.45 – 1.9 17.0
GabelliGo Anywhere Tr (GGO) ........ N 17.39 15.26 – 12.2 NA
JHanPrefInc (HPI)-a ........................ N 21.38 23.05 + 7.8 12.0
JHPrefIncII (HPF)-a ......................... N 21.04 22.67 + 7.7 14.2
HnckJPfdInco III (HPS)-a ................ N 18.70 19.15 + 2.4 9.6
J Han Prm(PDT)-a ........................... N 15.62 17.63 + 12.9 18.1
LMP CapInco (SCD) ........................ N NA 14.41 NA 13.0
Nuveen Pref& I 2022 Trm(JPT)-a .... N 24.24 24.42 + 0.7 12.1
Nuveen Pref& Inc Opp(JPC)-a ........ N 10.13 9.94 – 1.9 15.8
Nuveen Fd (JPS)-a ........................... N 9.87 9.77 – 1.1 19.1
Nuveen Pref& Inc Term(JPI)-a ........ N 24.80 24.55 – 1.0 14.1
Nuveen TxAdvDivGr(JTD)-a ............ N 17.05 16.80 – 1.5 3.9
TCW StratIncome (TSI) .................. N NA 5.80 NA 10.7
Virtus GlbDiv &Inc (ZTR)-a ............. N 10.32 10.85 + 5.1 9.8
Vivaldi Opportunities (VAM) ........... N NA 13.75 NA 1.3
ConvertibleSec's.Funds52Week
Stock Market Prem Market
FundName(Symbol) Exch NAV Price /Disc ReturnAllianzGI Con & Inc 2024 (CBH)-a .... N 9.82 9.46 – 3.7 8.2
GI Conv &Inc (NCV)-a ...................... N 5.63 5.62 – 0.2 – 10.0
AGI Conv &Inc II (NCZ)-a ................. N 5.05 5.05 + 0.0 – 8.5
AGI DvsInc & Conv (ACV)-a ............. N 23.31 23.47 + 0.7 3.4
AGI Eqty &Conv Inc (NIE)-a ............. N 23.41 21.95 – 6.2 1.3
Bancroft Fund Ltd (BCV) ................. A 25.80 24.47 – 5.2 18.9
CalamosConvHi (CHY)-a .................. N 11.27 11.19 – 0.7 – 9.8
CalmosConvOp (CHI)-a ................... N 10.71 10.50 – 2.0 – 10.2
Ellsworth G&I Fund Ltd (ECF) .......... A 11.55 10.70 – 7.4 8.0
GabelliConv Sec (GCV) ................... N 5.44 5.32 – 2.2 5.5
HiIncBd(PCF) ................................. N 9.60 8.36 – 12.9 – 6.4
WorldEquityFunds
AbrdnAusEq (IAF) ........................... A 5.87 5.43 – 7.5 4.3
Aberdeen Emg Mkts Eq Inc (AEF) .... A 8.16 7.19 – 11.9 13.5
Aberdeen GlblDyn Div(AGD) .......... N 11.14 9.75 – 12.5 1.2
Aberdeen Japan Equity (JEQ) .......... N 8.45 7.30 – 13.6 – 2.0
Aberdeen Tot DynDiv (AOD) ........... N 9.61 8.37 – 12.9 3.2
Calamos GloDynInc (CHW)-a ........... N 7.97 7.90 – 0.9 – 4.5
Cdn Genl Inv (CGI)-y ........................ T 35.68 24.15 – 32.3 – 3.0
Central and EasternEuro (CEE) ....... N 30.22 25.90 – 14.3 16.7
China (CHN) ................................... N 22.97 20.75 – 9.7 12.5
Delaware Enh GlDiv &In (DEX) ....... N 11.10 9.89 – 10.9 – 0.7
EV TxAdvGlbDivInc (ETG) ............... N 17.33 16.53 – 4.6 – 0.1
EtnVncTxAdvOpp (ETO) ................. N 23.63 25.17 + 6.5 9.2
Economic Inv Tr (N/A)-cy ................. T 152.81 103.01 – 32.6 – 6.5
European Equity Fund Inc (EEA) ...... N 10.12 8.88 – 12.3 – 1.5
FirstTrAbEmergOp (FEO) ................ N 15.55 13.78 – 11.4 18.2
FirstTr Dyn EuroEq Inc (FDEU) ....... N 15.18 13.73 – 9.6 – 1.3
GabelliGl Sm&MidCp Val (GGZ) ..... N 13.51 11.35 – 16.0 3.8
GabelliMultimedia (GGT)-h ............. N 7.85 8.52 + 8.5 3.3
GDL Fund (GDL) ............................. N 11.18 9.32 – 16.6 5.5
Herzfeld Caribb(CUBA) .................. O 7.93 6.70 – 15.5 9.6
Highland GlobalAlloc (HGLB) ......... N 13.23 10.43 – 21.2 NS
India Fund (IFN) .............................. N 22.68 20.27 – 10.6 – 6.2
J Han HdgdEty & Inc (HEQ)-a ........... N 14.64 13.84 – 5.5 – 1.6
JHancockTaxAdv GlSh Yld (HTY)-a. N 7.45 6.74 – 9.5 – 1.6
Japan Smaller Cap (JOF) ................. N 10.10 8.58 – 15.0 – 3.0
Korea (KF) ...................................... N 31.41 27.53 – 12.4 – 8.4
LazardGlbTotRetInc (LGI)-a ............. N 17.57 15.95 – 9.2 8.0
LazardWorldDiv&IncFd (LOR)-a ...... N 10.80 9.42 – 12.8 0.0
MexicoEqandIncmFd (MXE) ........... N 11.51 10.63 – 7.6 – 6.5
Mexico (MXF) ................................. N NA 13.21 NA – 14.1
Miller/Howard High Inc E (HIE) ....... N 10.88 11.20 + 2.9 – 1.4
MS ChinaShrFd (CAF)-J ................... N 24.31 21.85 – 10.1 18.3
MS India (IIF) .................................. N 21.68 18.37 – 15.3 – 14.452Week
Stock Market Prem Market
FundName(Symbol) Exch NAV Price /Disc ReturnNew Germany (GF) ......................... N 16.17 14.13 – 12.6 – 2.5
New Ireland(IRL) ........................... N 10.69 8.65 – 19.1 – 15.1
RENN Fund (RCG) .......................... A NA 1.65 NA – 11.2
RoyceGlobal Value Trust (RGT) ...... N 12.22 10.28 – 15.9 – 1.6
Swiss Helvetia(SWZ) ..................... N 9.30 8.07 – 13.2 – 5.3
Templeton Dragon (TDF) ................ N 20.85 18.28 – 12.3 7.2
Templeton Em Mkt (EMF) ............... N 16.95 14.91 – 12.0 11.9
United CorpsLtd (UNC)-cy ............... T 147.55 92.75 – 37.1 – 3.5
VirtusTotalRetFd (ZF) ..................... N NA 10.92 NA 19.8
WellsFargo Gl DivOppty (EOD)-a ..... N NA 5.38 NA 11.2U.S.MortgageBondFunds
BlckRk Income (BKT)-a .................... N 6.37 5.98 – 6.1 6.8
First TrustMtge Inc (FMY) .............. N 14.88 13.73 – 7.8 5.2
Invesco HI2023 Tgt Term(IHIT) ..... N 10.52 10.48 – 0.4 5.7
Invesco HI2024 Tgt Term(IHTA) .... N 10.51 10.37 – 1.3 5.4
NuveenMtge Oppty Term(JLS)-a .... N 23.07 23.00 – 0.3 7.4
NuveenMtge Oppty Term2 (JMT)-a. N 22.25 22.39 + 0.6 6.8
NuveenMulti-Market Inc (JMM)-c ... N 7.97 7.42 – 6.9 4.9
VerticalCapital Income(VCIF)-a ....... N NA 10.68 NA 3.2
Westn AsstMtge DefOpp (DMO) .... N NA 22.19 NA 12.5
InvestmentGradeBondFunds
BlRck CoreBond (BHK)-a ................. N 15.36 14.07 – 8.4 5.2
BRCredit Alloc Inc (BTZ)-a ............... N 14.81 13.51 – 8.8 5.8
BREnhcd Govt(EGF)-a .................... N 13.50 12.85 – 4.8 3.8
Insight Select Income (INSI) ........... N NA 20.07 NA 4.0
InvescoBond (VBF) ......................... N 20.37 19.65 – 3.5 4.1
J HanIncome (JHS)-a ...................... N 15.30 14.34 – 6.3 4.6
MFS Govt Mkts (MGF) .................... N 4.79 4.53 – 5.4 7.4
MFS Intmdt (MIN) .......................... N 4.04 3.80 – 5.9 9.0
Western Asset Inf-LkInc (WIA) ....... N NA 11.42 NA 3.5
Western Asset Inf-LkO&I (WIW) .... N NA 11.10 NA 3.8
WAInvestment Grade Inc(PAI) ....... N NA 15.44 NA 4.5
WesternAssetPremBd (WEA) ......... N NA 13.95 NA 5.7
Westn AsstIG Def OppTr (IGI) ........ N NA 20.97 NA 4.1
LoanParticipationFunds
1WSCredit Income (N/A) ................ NA NA NA NS
Apollo Senior Floating (AFT) ........... N NA 14.84 NA 9.0
Axonic Alternative Inc(AAIDX) ........ N 25.94 NA NA NS
BRDebt Strategy(DSU)-a ................ N 12.19 10.72 – 12.1 7.6
BRF/R Inc Str (FRA)-a ...................... N 14.58 12.60 – 13.6 6.9
BlackRock FloatngRt Inc (BGT)-a .... N 14.07 12.24 – 13.0 6.5
Blackstone / GSO Strat (BGB) .......... N 15.49 14.85 – 4.1 10.8
Blackstone/GSO LS CrInc (BGX) ..... N 15.94 16.36 + 2.6 10.8
Blackstone/GSO SrFlt Rt(BSL) ....... N 16.66 16.66 + 0.0 9.1
BNY Mellon Alct GCI2024 (DCF)-a ... N 9.20 9.05 – 1.6 6.2
Eagle Point Credit(ECC) .................. N NA 16.09 NA 15.3
Eagle Point Income (EIC)-a .............. N NA 19.90 NA NS
Eaton Vance F-R 2022 TT (EFL)-a ..... N 9.45 9.18 – 2.9 5.8
EtnVncFltRteInc (EFT) .................... N 15.14 13.24 – 12.5 6.6
EtnVncFltRteIncPlus (EFF) .............. N 17.17 15.13 – 11.9 6.4
EV SenFlRtTr (EFR) ......................... N 14.80 13.02 – 12.0 6.8
EVSnrIncm (EVF)-a .......................... N 7.01 6.10 – 13.0 6.4
FT/SrFltg RteInc 2 (FCT) ................ N 13.68 11.86 – 13.3 6.3
FT/SrFltg Rte2022 TgTr (FIV) ......... N 9.50 8.84 – 6.9 5.0
Highland Income(HFRO) ................ N 14.08 13.55 – 3.8 7.0
InvDYCrOpp(VTA) ......................... N 12.57 11.03 – 12.3 8.4
InvSnrIncTr (VVR) .......................... N 4.75 4.19 – 11.8 6.6
NuveenCredit Strat Inc (JQC)-a ........ N 8.32 7.54 – 9.4 13.0
NuvFloatRateIncFd (JFR)-a .............. N 10.94 9.66 – 11.7 7.6
NuvFloatRteIncOppty (JRO)-a ......... N 10.85 9.63 – 11.2 7.7
NuveenSenior Income (NSL)-a ........ N 6.53 5.73 – 12.3 7.7
NuveenSht Dur CrdtOpp (JSD)-a .... N 16.70 15.09 – 9.6 8.2
PionrFltRate Tr (PHD) ..................... N 12.03 10.56 – 12.2 7.0
THLCredit SeniorLoan (TSLF)-a ...... N 16.87 14.66 – 13.1 9.3
WACorporate Loan (TLI) ................ N NA 9.56 NA 7.0
HighYieldBondFunds
Aberdeen IncCredit Str (ACP) ......... N 12.71 12.48 – 1.8 12.0
AllianceBernGlHiIncm (AWF) .......... N 13.14 11.76 – 10.5 7.0
Angel OakFS Inc Trm(FINS) ........... N NA 20.27 NA NS
Barings GlbSDHY Bd (BGH) ........... N 18.28 17.65 – 3.4 10.2
BRCorporate HY(HYT)-a ................. N 11.84 10.62 – 10.3 8.2
BlackRock Ltd DurInc (BLW)-a ........ N 17.08 15.51 – 9.2 6.1
BNY Mellon HiYield Str(DHF)-a ....... N 3.34 3.06 – 8.4 9.0
Brookfield RealAsst Inc (RA) .......... N 23.61 22.60 – 4.3 NA
CrSuisHighYld (DHY) ..................... A 2.59 2.57 – 0.8 9.1
CSAM Income Fd (CIK) ................... A 3.47 3.16 – 8.9 8.6
DoubleLineInc Sol (DSL) ................ N 19.33 19.88 + 2.8 9.1
EVHiInc2021(EHT)-a ...................... N 9.99 9.84 – 1.5 5.1
First TrHi IncLng/Shrt (FSD) .......... N 17.00 14.96 – 12.0 8.5
Franklin Univ(FT)-a ......................... N 8.61 7.54 – 12.4 5.6
InvHighIncTrII (VLT) ...................... N 15.60 14.45 – 7.4 8.1
IVY HIGH INCOME OPP(IVH)-a ....... N 15.25 13.74 – 9.9 8.8
MFS IntmdHgInc(CIF) .................... N 2.58 2.67 + 3.5 9.5Friday,September13,2019
GeneralEquityFunds
Adams Diversified Equity (ADX) ...... N 18.07 15.97 – 11.6 10.8
Boulder Growth& Income (BIF) ...... N 13.46 11.22 – 16.6 3.4
Central Secs (CET)-c ........................ A 37.79 31.67 – 16.2 13.0
CohenStrsCEOppFd (FOF) .............. N 13.30 13.09 – 1.6 7.9
Eagle Capital Growth (GRF)-c ........... A 9.66 7.99 – 17.3 10.2
EVTxAdvDivIncm (EVT) .................. N 24.33 24.61 + 1.2 9.1
Equus II (EQS) ................................ N NA 1.69 NA – 13.4
Foxby Corp (FXBY) ......................... O 3.16 NA NA NA
GabelliDiv&IncTr (GDV) ................. N 23.41 21.61 – 7.7 – 3.8
Gabelli Equity Tr(GAB)-h ................. N 5.75 6.08 + 5.7 1.7
GeneralAmer (GAM) ....................... N 43.34 36.91 – 14.8 8.2
JHancockTaxAdvDiv (HTD)-a .......... N 26.46 27.10 + 2.4 26.6
Librty AllStrEq (USA) ..................... N 6.58 6.37 – 3.2 5.3
Librty AllStrGr (ASG)-h ................... N 5.91 6.00 + 1.5 4.6
NuvTaxAdvTRStrat (JTA)-a .............. N 11.83 11.20 – 5.3 – 10.6
Royce Micro-Cap Tr(RMT)-a ........... N 9.22 8.23 – 10.7 – 14.0
Royce Value Trust(RVT)-a ............... N 15.84 14.22 – 10.2 – 7.3
Source Capital (SOR) ...................... N 43.02 36.97 – 14.1 – 5.2
Special Opportunities (SPE) ............ N NA 14.15 NA 9.4
Sprott Focus Trust(FUND)-a ............ O 7.74 6.96 – 10.1 4.2
Tri-Continental (TY) ........................ N 30.46 27.45 – 9.9 5.7
SpecializedEquityFunds
Aberdeen GlbPrem Prop(AWP) ..... N 6.86 6.11 – 10.9 6.6
Adams Natural Resources (PEO) .... N 19.20 15.92 – 17.1 – 14.1
GI NFJDivInt&PremStr (NFJ)-a ....... N 13.81 12.37 – 10.4 3.2
ASA Gold &Prec Met Ltd (ASA) ....... N NA 12.06 NA 42.0
BR Enh C&I(CII)-a ........................... N 17.06 16.13 – 5.5 0.7
BlackRock Energy& Res(BGR)-a .... N 12.11 10.90 – 10.0 – 16.2
BlackRock Eq Enh Div(BDJ)-a .......... N 9.71 9.18 – 5.5 4.1
BlackRock Enh GlblDiv (BOE)-a ....... N 11.89 10.38 – 12.7 1.4
BlackRock Enh Intl Div(BGY)-a ........ N 6.26 5.49 – 12.3 4.0
BlackRock HlthSciences (BME)-a .... N 37.73 38.12 + 1.0 0.3
BlackRock Res& Comm (BCX)-a ..... N 8.77 7.69 – 12.3 – 5.2
BlackRock Sci&TechTr II (BSTZ) .... N 19.79 20.83 + 5.3 NS
BlackRock Sci&TechTrust (BST)-a .. N 32.48 32.74 + 0.8 – 0.7
BlackRock UtlInf & Pwr (BUI)-a ....... N 21.21 24.21 + 14.1 26.2
Brookfield GlLsd Infr (INF) ............. N 15.13 13.35 – 11.8 17.6
CBRE ClrnGlbRlEst(IGR) ................ A 8.69 7.62 – 12.3 9.6
CLEARBRIDGE ENGY MDS OPP (EMO) N NA 8.84 NA – 14.9
CLEARBRIDGE MLP&MDSTM TR (CTR) N NA 9.08 NA – 12.7
ClearBridge MLP & Midstm (CEM) .. N NA 11.44 NA – 13.1
Cntr Cst BrkfldMLP&EI (CEN) ......... N 7.32 7.29 – 0.4 – 13.9
ChnStrGlbIncBldr (INB) .................. N 9.51 9.13 – 4.0 7.1
ChnStrInfr (UTF) ............................. N 26.96 27.18 + 0.8 29.0
COHEN& STEERSMLP INC&E(MIE) N 8.93 9.23 + 3.4 – 2.9
Cohen&SteersQualInc (RQI) ........... N 14.78 15.40 + 4.2 32.6
CohenStrsREITPref (RNP) .............. N 24.35 23.58 – 3.2 26.2
Cohen&Steers TotRet (RFI) ............ N 14.15 14.66 + 3.6 23.4
Columbia Sel Prm Tech Gr (STK) ..... N 21.29 21.38 + 0.4 14.1
Cushing Energy Income (SRF)-a ...... N 7.57 6.38 – 15.7 – 27.1
CushingMLPTotRet (SRV)-ad .......... N 11.13 10.10 – 9.3 – 5.5
Cushing Renaissance (SZC)-a .......... N 15.27 13.70 – 10.3 – 20.0
DNP Select Income (DNP) .............. N 10.54 12.75 + 20.9 24.0
Duff&Ph Glbl UtilInc Fd (DPG)-a ...... N 16.72 15.41 – 7.8 15.8
Duff&Ph Sel MLP&MS Engy (DSE). N 4.72 4.73 + 0.2 – 9.8
EtnVncEqtyInc (EOI) ....................... N 15.28 15.57 + 1.9 3.0
EtnVncEqtyIncoII (EOS) ................. N 16.79 17.01 + 1.3 3.0
EVRskMnDvsEqInc (ETJ) ............... N 9.26 9.39 + 1.4 4.2
ETnVncTxMgdBuyWrtInc (ETB) ..... N 14.90 15.76 + 5.8 3.3
EtnVncTxMgdBuyWrtOpp (ETV) ..... N 14.27 14.65 + 2.7 – 0.2
EvTxMnDvsEqInc (ETY) ................. N 11.94 12.15 + 1.8 2.5
EtnVncTxMgdGlbB (ETW) .............. N 10.17 9.69 – 4.7 – 11.4
EVTxMnGblDvEqInc (EXG) ............. N 8.63 8.36 – 3.1 – 4.2
First TrustEnergy Inc G(FEN) ......... A 21.58 21.53 – 0.2 7.9
First TrEnhanced Eq (FFA) .............. N 16.33 16.30 – 0.2 7.2
First TrSpecialty Fn (FGB) ............... N 5.90 6.13 + 3.9 9.8
FirstTrEnergyInfra (FIF) .................. N 17.84 16.05 – 10.0 7.0
FirstTrMLPEner&Inc (FEI) .............. N 12.35 11.46 – 7.2 5.8
Gab GlUtil &Inc (GLU)-h ................. A 19.78 18.20 – 8.0 – 3.0
Gabelli Healthcare (GRX)-h .............. N 12.18 10.57 – 13.2 0.9
Gab Utility(GUT)-h .......................... N 5.04 7.12 + 41.3 35.6
GAMCOGlGold&NatRes (GGN) ....... A 4.21 4.40 + 4.5 10.0
GAMCO NR GLD & INCTR (GNT) .... N 5.94 5.84 – 1.7 13.9
J Han Finl Opptys(BTO)-a ................ N 33.87 32.92 – 2.8 – 5.6
Macquarie/FirstTr Gl(MFD) ............ N 11.02 10.00 – 9.3 1.2
Madison CovCall & Eq Str(MCN) .... N 7.30 6.61 – 9.5 – 6.7
Neuberger BrmnMLP & EI (NML) ... N 8.19 7.22 – 11.8 – 10.3
Weekly Closed-End Funds
TRACKING CLOSED - END FUNDS
The Herzfeld Closed-End Average measures 15 equally-weighted closed-end funds based in the U.S. that invest principally in
American equities. The net assest value is a weighted average of the funds' NAVs. Source: Thomas J. Herzfeld Advisors Inc., Miami.
305-271-1900/www.herzfeld.com46100
42100
38100
34100
30100
26100
22100
4Q 18 1Q 19 2Q 19 3Q 19*Herzfeld
Closed-End
Average
Dow Industrials
50000
47250
44500
41750
39000
4Q 1Q 2Q 3QNet Asset Value
-4
-6
-8
-10
-12
-14
4Q 18 1Q 19 2Q 19 3Q 19% Disc/Prem From Net Asset Value
52Week
Stock Market Prem Market
FundName(Symbol) Exch NAV Price /Disc Return
52Week
Stock Market Prem Market
FundName(Symbol) Exch NAV Price /Disc Return12mos
Stock Market Prem Yield
FundName(Symbol) Exch NAV Price /Disc 08/30/19September Song:The Herzfeld Average and the Dow neared record heights, as the
indices gained 1.6% and 1.7%, respectively, for the week ended Thursday.
Data provided bya-NAV and market price are ex dividend. b-NAV is fully diluted. c-
NAV is as of Thursday’s close. d-NAV is as of Wednesday’s close.
e-NAVassumesrightsofferingisfullysubscribed.f-Rightsoffering
inprocess.g-Rightsofferingannounced.h-Lipperdatahasbeenad-
justed for rights offering. j-Rights offering has expired, but Lipper
data not yet adjusted. l-NAV as of previous day. o-Tender offer in
process. Source: Lipper
Market SentimentLAST–0.06
Citigroup Panic/Euphoria Model
-0.9
-0.6
-0.3
0
0.3
0.6
A S O N D J F M A M J J ASEuphoria
Panic
The panic/euphoria model is a gauge of investor sentiment. It identifies "Panic" and "Euphoria" levels which are statistically driven buy and
sell signals for the broader market. Historically, a reading below panic supports a better than 95% likelihood that stock prices will be
higher one year later, while euphoria levels generate a better than 80% probability of stock prices being lower one year later.Source: Citigroup Investment Research - US Equity Strategy
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0.0
Q4
16Q1
17Q2 Q3 Q4 Q1
18Q2 Q3 Q4 Q1
19Q2 Q3THREE YEAR TED SPREAD
Friday's Close 0.22TED Spread = 3-mth LIBOR – 3-mth T-bill rate