M28 BARRON’S October 19, 2020
NuvCorEqAlpha (JCE) ..................... N NA 13.16 NA – 0.6
NuveenDiversDiv&Inc (JDD) .......... N NA 7.85 NA – 19.8
Nuveen Nasdaq 100 Dyn Ov (QQQX) N NA 24.45 NA 17.0
Nuv Real Est (JRS) .......................... A NA 7.66 NA – 23.2
Nuveen Rl Asst Inc & Gro (JRI)-a ...... N NA 12.22 NA – 24.2
NuvS&P500DynOvFd (SPXX) ......... N NA 13.57 NA – 4.1
NuvSP500BuyIncFd (BXMX) .......... N NA 11.50 NA – 4.4
PIMGlbStkPI (PGP) ........................ N NA 8.31 NA – 17.7
ReavesUtilityIncome (UTG) ............ A 32.81 32.87 + 0.2 – 3.4
RMR Mortgage Trust (RMRM) ........ A NA 8.45 NA – 56.4
Salient Midstream & MLP (SMM) ... N 5.23 3.72 – 28.9 – 46.0
Tortoise Energy Ind (NDP) .............. N NA 10.77 NA – 62.2
Tortoise Enrgy Infra Crp (TYG) ........ N NA 16.51 NA – 76.4
Tortoise Ess Asst Inc Tm (TEAF) ..... N NA 11.57 NA – 20.4
Tortoise Midstream Enrgy (NTG) .... N NA 16.03 NA – 84.8
Tortoise Pipelne & Enrgy (TTP) ....... N NA 12.53 NA – 73.2
Tortoise Pwr & Engy Infr (TPZ) ....... N NA 8.82 NA – 43.3
Wells Fargo Ut & Hi Inc (ERH)-a ....... A NA 12.24 NA – 3.0
Income&PreferredStockFunds
BlackRock Capital Alloc (BCAT) ...... N 20.17 20.50 + 1.6 NS
CalamosStratTot (CSQ)-a ................ N 14.23 14.05 – 1.3 19.7
CohenStrsLtdDurPref&Inc (LDP)-a. N 24.71 23.63 – 4.4 – 0.4
CohenStrsSelPref&Income (PSF)-a. N 25.45 25.67 + 0.9 – 8.0
Del Div & Inc (DDF) ......................... N 9.12 8.26 – 9.4 – 35.8
Dividend and Income (N/A) ............. O 14.67 NA NA NA
FirstTrIntDurPref&Inc (FPF) ........... N 22.75 21.60 – 5.1 – 2.1
Gabelli Go Anywhere Tr (GGO) ........ N 11.85 NA NA NA
JHanPrefInc (HPI) .......................... N 18.65 18.83 + 1.0 – 11.2
JHPrefIncII (HPF) ........................... N 18.33 17.94 – 2.1 – 14.2
HnckJPfdInco III (HPS) .................. N 16.40 16.07 – 2.0 – 9.3
J Han Prm (PDT) ............................. N 13.07 13.05 – 0.2 – 19.5
LMP CapInco (SCD) ........................ N NA 10.54 NA – 15.8
Nuveen Pref & I 2022 Trm (JPT)-a .... N NA 23.07 NA – 1.3
Nuveen Pref & Inc Opp (JPC)-a ........ N NA 8.58 NA – 7.4
Nuveen Fd (JPS)-a ........................... N NA 8.88 NA – 3.6
Nuveen Pref & Inc Term (JPI)-a ........ N NA 22.23 NA – 4.9
Nuveen TxAdvDivGr (JTD) .............. N NA 13.14 NA – 13.5
TCW Strat Income (TSI) .................. N NA 5.74 NA 6.6
ConvertibleSec's.Funds
AdvntCnvrtbl&IncFd (AVK)-a ........... N 16.71 14.28 – 14.5 9.1
AllianzGI Con & Inc 2024 (CBH) ...... N 9.82 9.07 – 7.6 2.5
GI Conv & Inc (NCV) ....................... N 5.48 4.75 – 13.3 – 5.6
AGI Conv & Inc II (NCZ) ................... N 4.91 4.24 – 13.6 – 4.2
AGI Dvs Inc & Conv (ACV) ............... N 30.63 27.32 – 10.8 28.8
AGI Eqty & Conv Inc (NIE) ............... N 28.91 25.39 – 12.2 27.1
Bancroft Fund Ltd (BCV) ................. A 30.51 26.33 – 13.7 20.352Week
Stock Market Prem Market
FundName(Symbol) Exch NAV Price /Disc ReturnCalamosConvHi (CHY)-a .................. N 13.81 12.31 – 10.9 21.9
CalmosConvOp (CHI)-a ................... N 13.11 11.65 – 11.1 20.9
Ellsworth G&I Fund Ltd (ECF) .......... A 13.81 12.26 – 11.3 24.2
Gabelli Conv Sec (GCV) ................... N 6.05 5.53 – 8.6 12.6
HiIncBd (PCF)-a ............................... N 8.55 8.16 – 4.6 5.8
WorldEquityFunds
AbrdnAusEq (IAF) ........................... A 5.40 4.62 – 14.4 0.3
Aberdeen Emg Mkts Eq Inc (AEF) .... A 7.90 6.68 – 15.5 – 2.4
Aberdeen Glbl Dyn Div (AGD) .......... N 10.78 9.24 – 14.3 3.8
Aberdeen Japan Equity (JEQ) .......... N 9.88 8.26 – 16.4 15.3
Aberdeen Tot Dyn Div (AOD) ........... N 9.31 8.00 – 14.1 4.4
Calamos GloDynInc (CHW)-a ........... N 8.55 8.48 – 0.8 19.7
Cdn Genl Inv (CGI)-y ........................ T 43.76 28.03 – 35.9 23.2
Central and Eastern Euro (CEE) ....... N 23.59 19.05 – 19.2 – 23.3
China (CHN) ................................... N 31.60 27.24 – 13.8 45.9
Delaware Enh Gl Div & In (DEX) ....... N 10.01 9.09 – 9.2 2.2
EV TxAdvGlbDivInc (ETG) ............... N 17.46 15.39 – 11.9 2.2
EtnVncTxAdvOpp (ETO) ................. N 24.10 21.68 – 10.0 – 8.1
Economic Inv Tr (N/A)-cy ................. T 147.73 95.50 – 35.4 NA
European Equity Fund Inc (EEA) ...... N 11.04 9.19 – 16.8 7.2
FirstTrAbEmergOp (FEO) ................ N 14.41 12.62 – 12.4 6.1
FirstTr Dyn Euro Eq Inc (FDEU) ....... N 11.99 10.21 – 14.8 – 20.5
Gabelli Gl Sm&Mid Cp Val (GGZ) ..... N 12.87 10.30 – 20.0 0.2
Gabelli Multimedia (GGT)-h ............. N 6.83 6.75 – 1.2 – 3.2
GDL Fund (GDL) ............................. N 10.72 8.46 – 21.1 – 3.0
Herzfeld Caribb (CUBA) .................. O NA 3.81 NA – 35.0
Highland Global Alloc (HGLB) ......... N 9.51 5.98 – 37.1 – 28.9
India Fund (IFN) .............................. N 20.07 16.92 – 15.7 – 5.8
J Han Hdgd Ety & Inc (HEQ) ............ N 12.07 10.52 – 12.8 – 14.9
JHancockTaxAdv Gl Sh Yld (HTY) ... N 6.11 5.18 – 15.2 – 16.9
Japan Smaller Cap (JOF) ................. N NA 8.30 NA 2.2
Korea (KF) ...................................... N 36.49 30.92 – 15.3 12.5
LazardGlbTotRetInc (LGI)-a ............. N 18.06 15.92 – 11.8 13.1
MexicoEqandIncmFd (MXE) ........... N 9.93 8.16 – 17.8 – 24.6
Mexico (MXF) ................................. N NA 10.82 NA – 15.7
Miller/Howard High Inc E (HIE) ....... N 7.36 6.27 – 14.8 – 38.3
MS ChinaShrFd (CAF)-J ................... N 26.59 21.90 – 17.6 6.0
MS India (IIF) .................................. N 21.44 17.70 – 17.4 – 6.9
New Germany (GF) ......................... N 20.44 17.49 – 14.4 26.5
New Ireland (IRL) ........................... N 11.27 8.32 – 26.2 – 7.5
RENN Fund (RCG) .......................... A NA 1.37 NA – 9.8
Royce Global Value Trust (RGT) ...... N 14.24 13.48 – 5.3 32.8
Swiss Helvetia (SWZ) ..................... N 9.70 8.15 – 16.0 8.2
Templeton Dragon (TDF) ................ N 26.37 23.50 – 10.9 49.3
Templeton Em Mkt (EMF) ............... N 17.98 15.73 – 12.5 13.8
United Corps Ltd (UNC)-cy ............... T 158.65 94.50 – 40.4 NA52Week
Stock Market Prem Market
FundName(Symbol) Exch NAV Price /Disc ReturnWells Fargo Gl Div Oppty (EOD) ....... N NA 4.37 NA – 7.7U.S.MortgageBondFunds
BlckRk Income (BKT)-a .................... N 6.25 6.11 – 2.2 6.7
First Trust Mtge Inc (FMY) .............. N 14.44 13.34 – 7.6 5.3
Invesco HI 2023 Tgt Term (IHIT)-a ... N 8.33 8.01 – 3.8 7.5
Invesco HI 2024 Tgt Term (IHTA)-a .. N 8.49 8.03 – 5.4 7.0
Nuveen Mortgage and Inc (JLS)-a .... N NA 18.94 NA 5.8
Nuveen Multi-Market Inc (JMM)-c ... N NA 7.02 NA 4.8
Vertical Capital Income (VCIF) ........ N NA 10.00 NA 3.3
Western Asset Mtg Oppty (DMO) .... N NA 13.39 NA 12.6
InvestmentGradeBondFunds
BlRck Core Bond (BHK)-a ................. N 16.12 15.62 – 3.1 5.1
BR Credit Alloc Inc (BTZ)-a ............... N 15.12 13.95 – 7.7 7.0
BR Enhcd Govt (EGF)-a .................... N 13.42 12.99 – 3.2 3.6
Insight Select Income (INSI) ........... N 22.03 20.36 – 7.6 4.1
InvescoBond (VBF)-a ....................... N 21.33 19.76 – 7.4 3.8
J Han Income (JHS) ........................ N 16.07 15.28 – 4.9 4.9
MFS Govt Mkts (MGF)-a ................... N NA 4.64 NA 7.5
MFS Intmdt (MIN)-a ........................ N NA 3.73 NA 9.1
Western Asset Inf-Lk Inc (WIA) ....... N NA 12.37 NA 3.2
Western Asset Inf-Lk O&I (WIW) .... N NA 11.51 NA 3.6
WA Investment Grade Inc (PAI) ....... N NA 15.40 NA 3.9
WesternAssetPremBd (WEA) ......... N NA 13.14 NA 6.1
Westn Asst IG Def Opp Tr (IGI) ........ N NA 20.41 NA 4.1
LoanParticipationFunds
Apollo Senior Floating (AFT) ........... N NA 12.91 NA 7.8
BR Debt Strategy (DSU)-a ................ N 11.23 9.84 – 12.4 8.5
BR F/R Inc Str (FRA)-a ...................... N 13.46 11.56 – 14.1 8.2
BlackRock Floatng Rt Inc (BGT)-a .... N 13.06 11.31 – 13.4 8.1
Blackstone / GSO Strat (BGB) .......... N 13.80 12.05 – 12.7 9.98
Blackstone/GSO LS Cr Inc (BGX) ..... N 14.48 12.96 – 10.5 10.5
Blackstone/GSO Sr Flt Rt (BSL) ....... N 15.34 13.48 – 12.1 8.6
BNY Mellon Alct GCI 2024 (DCF)-a ... N 8.59 7.85 – 8.6 7.8
Eagle Point Credit (ECC) .................. N NA 8.66 NA 19.4
Eagle Point Income (EIC) ................ N NA 13.22 NA 9.7
Eaton Vance F-R 2022 TT (EFL) ....... N 8.97 8.49 – 5.4 5.5
EtnVncFltRteInc (EFT) .................... N 13.90 12.75 – 8.3 7.9
EtnVncFltRteIncPlus (EFF) .............. N 15.90 14.60 – 8.2 6.2
EV SenFlRtTr (EFR) ......................... N 13.67 12.32 – 9.9 8.1
EVSnrIncm (EVF) ........................... N 6.49 6.03 – 7.1 6.8
First Eagle Senior Loan (TSLF) ........ N 15.22 12.75 – 16.2 9.0
FT/Sr Fltg Rte Inc 2 (FCT) ................ N 12.49 10.85 – 13.1 9.8
FT/Sr Fltg Rte 2022 TgTr (FIV) ......... N 9.16 8.53 – 6.9 3.3
Highland Income (HFRO) ................ N 12.58 8.29 – 34.1 10.7
InvDYCrOpp (VTA)-a ....................... N 11.00 9.35 – 15.0 9.7
InvSnrIncTr (VVR)-a ........................ N 4.26 3.56 – 16.4 7.5
Nuveen Credit Strat Inc (JQC)-a ........ N NA 5.94 NA 18.4
NuvFloatRateIncFd (JFR)-a .............. N NA 8.16 NA 8.0
NuvFloatRteIncOppty (JRO)-a ......... N NA 8.07 NA 7.9
Nuveen Senior Income (NSL)-a ........ N NA 4.78 NA 8.5
Nuveen Sht Dur Crdt Opp (JSD)-a .... N NA 12.35 NA 8.2
PionrFltRate Tr (PHD)-a ................... N 10.90 10.10 – 7.3 6.7
WA Corporate Loan (TLI) ................ N NA 9.30 NA 8.3
HighYieldBondFunds
Aberdeen Inc Credit Str (ACP) ......... N 10.36 9.74 – 6.0 14.3
AllianceBernGlHiIncm (AWF) .......... N NA 10.53 NA 7.4
Angel Oak Dynmc FS I Trm (DYFN)-a N NA 17.84 NA NS
Angel Oak FS Inc Trm (FINS)-a ......... N NA 16.95 NA 7.6
Barings Glb SD HY Bd (BGH) ........... N 15.13 13.32 – 12.0 11.2
BR Corporate HY (HYT)-a ................. N 11.41 10.76 – 5.7 8.7
BlackRock Ltd Dur Inc (BLW)-a ........ N 16.27 14.67 – 9.8 8.0
BNY Mellon Hi Yield Str (DHF) ......... N 3.13 2.72 – 13.1 9.5
Brookfield Real Asst Inc (RA)-a ........ N 19.23 16.45 – 14.5 14.4
CrSuisHighYld (DHY) ..................... A 2.41 2.10 – 12.9 9.6
CSAM Income Fd (CIK) ................... A 3.26 2.99 – 8.3 9.1
DoubleLine Inc Sol (DSL)-a .............. N 16.09 15.97 – 0.7 11.5
DoubleLine Yld Opps (DLY)-a .......... N NA 17.38 NA NS
EVHiInc2021 (EHT) ........................ N 9.86 9.56 – 3.1 3.9
First Tr Hi Inc Lng/Shrt (FSD) .......... N 15.86 14.12 – 11.0 9.4
First Trust HY Opp:2027 (FTHY) ...... N 20.66 20.66 + 0.0 NS
Franklin Univ (FT) ........................... N 8.38 7.00 – 16.5 5.6
InvHighIncTrII (VLT)-a .................... N 14.23 12.32 – 13.4 9.4
IVY HIGH INCOME OPP (IVH)-a ....... N 13.62 11.80 – 13.4 10.3
MFS IntmdHgInc (CIF)-a .................. N NA 2.35 NA 9.96
NeubHgYldStrt (NHS)-a ................... N 11.92 10.95 – 8.1 9.7
New Amer Hi Inc (HYB)-a ................. N 9.47 8.16 – 13.8 7.0
NexPointStratOppty (NHF) ............. N 17.04 9.30 – 45.4 19.6
Nuveen CI 2023 Target (JHAA)-a ...... N NA 9.49 NA 6.0
Nuveen CI Nov 2021 Tgt (JHB)-a ...... N NA 9.04 NA 4.8
Nuveen Crdt Opps 2022 TT (JCO)-a .. N NA 7.91 NA 7.1
Nuveen Global High Inc (JGH)-a ....... N NA 13.80 NA 8.5
Nuveen Hi Inc 2020 Trgt (JHY) ........ N NA 9.50 NA 1.9
PGIM Global High Yield (GHY)-a ...... N 15.44 13.16 – 14.8 9.5
PGIM High Yield Bond (ISD)-a .......... N 15.99 13.81 – 13.6 9.1
PioneerHilncmTr (PHT)-a ................ N 8.78 7.99 – 9.0 9.3Friday,October16,2020
GeneralEquityFunds
Adams Diversified Equity (ADX) ...... N 19.58 16.74 – 14.5 15.5
Boulder Growth & Income (BIF) ...... N 12.38 10.06 – 18.7 – 5.9
Central Secs (CET)-c ........................ A 37.00 29.43 – 20.5 – 2.6
CohenStrsCEOppFd (FOF)-a ............ N 11.63 10.98 – 5.6 – 7.0
Eagle Capital Growth (GRF)-c ........... A NA 7.02 NA – 5.8
EVTxAdvDivIncm (EVT) .................. N 22.16 19.93 – 10.1 – 10.8
Equus II (EQS) ................................ N NA 1.20 NA – 27.2
Foxby Corp. (FXBY) ........................ O 3.23 NA NA NA
GabelliDiv&IncTr (GDV)-a ................ N 22.45 18.99 – 15.4 0.8
Gabelli Equity Tr (GAB)-h ................. N 5.26 5.30 + 0.8 0.6
GeneralAmer (GAM) ....................... N 42.45 35.02 – 17.5 2.7
JHancockTaxAdvDiv (HTD) ............ N 22.08 19.62 – 11.1 – 20.3
Librty AllStr Eq (USA) ..................... N 6.75 6.17 – 8.6 6.9
Librty AllStr Gr (ASG)-h ................... N 7.42 7.60 + 2.4 39.0
NuvTaxAdvTRStrat (JTA) ............... N NA 8.18 NA – 19.3
Royce Micro-Cap Tr (RMT) ............. N 9.89 8.37 – 15.4 14.0
Royce Value Trust (RVT) ................. N 15.97 13.65 – 14.5 8.1
Source Capital (SOR) ...................... N 42.09 37.84 – 10.1 5.5
Special Opportunities (SPE)-a .......... N NA 12.27 NA – 3.6
Sprott Focus Trust (FUND) .............. O 7.40 6.23 – 15.8 1.3
Tri-Continental (TY) ........................ N 31.03 27.18 – 12.4 8.3
SpecializedEquityFunds
Aberdeen Glb Prem Prop (AWP) ..... N 5.52 4.74 – 14.1 – 18.4
Aberdeen Std Gl Infra I (ASGI) ......... N 20.00 16.85 – 15.8 NS
Adams Natural Resources (PEO) .... N 11.77 9.97 – 15.3 – 30.2
AllianzGI AI & Tech Opps (AIO) ....... N 25.74 23.03 – 10.5 NS
GI DivInt&PremStr (NFJ) ................ N 14.31 12.23 – 14.5 8.2
ASA Gold & Prec Met Ltd (ASA) ....... N 25.77 21.88 – 15.1 78.7
BR Enh C&I (CII)-a ........................... N 17.70 15.85 – 10.5 5.7
BlackRock Energy & Res (BGR)-a .... N 6.86 5.96 – 13.1 – 41.0
BlackRock Eq Enh Div (BDJ)-a .......... N 8.44 7.36 – 12.8 – 11.1
BlackRock Enh Glbl Div (BOE)-a ....... N 11.43 9.89 – 13.5 3.3
BlackRock Enh Intl Div (BGY)-a ........ N 6.11 5.34 – 12.6 6.8
BlackRock Hlth Sci Tr II (BMEZ)-a .... N 27.32 24.79 – 9.3 NS
BlackRock Hlth Sciences (BME)-a .... N 43.41 44.18 + 1.8 23.8
BlackRock Res & Comm (BCX)-a ..... N 7.34 6.06 – 17.4 – 10.8
BlackRock Sci&Tech Tr II (BSTZ)-a .. N 31.21 28.19 – 9.7 50.5
BlackRock Sci&Tech Trust (BST)-a .. N 44.96 44.69 – 0.6 55.9
BlackRock Utl Inf & Pwr (BUI)-a ....... N 22.25 23.14 + 4.0 10.5
CBRE ClrnGlbRlEst (IGR) ................ A 7.40 6.02 – 18.6 – 16.9
CLEARBRIDGE ENGY MDS OPP (EMO) N NA 10.00 NA – 73.0
CLEARBRIDGE MLP&MDSTM TR (CTR) N NA 11.60 NA – 69.2
ClearBridge MLP & Midstm (CEM) .. N NA 13.20 NA – 72.6
Cntr Cst Brkfld MLP&EI (CEN) ......... N 10.98 8.01 – 27.0 – 84.9
ChnStrInfr (UTF)-a ........................... N 23.61 23.23 – 1.6 – 4.5
COHEN & STEERS MLP INC&E (MIE)-a N 2.25 1.71 – 24.0 – 76.2
Cohen&SteersQualInc (RQI)-a ......... N 12.33 11.13 – 9.7 – 22.7
Cohen&Steers TotRet (RFI)-a .......... N 12.53 11.90 – 5.0 – 12.7
CohenStrsREITPrefInc (RNP)-a ....... N 22.31 20.75 – 7.0 – 8.8
Columbia Sel Prm Tech Gr (STK) ..... N 23.31 23.00 – 1.3 17.5
CushingMLPTotRet (SRV)-d ............ N 23.53 17.14 – 27.2 – 50.0
Cushing NextGen Inf Inc (SZC) ........ N 40.80 29.00 – 28.9 – 35.7
DNP Select Income (DNP) .............. N 8.98 10.15 + 13.0 – 13.4
Duff&Ph Uti&Infra Inc Fd (DPG) ...... N 12.86 10.96 – 14.8 – 21.3
Duff&Ph Sel MLP&MS Engy (DSE). N 0.51 0.39 – 24.5 – 89.5
EtnVncEqtyInc (EOI) ....................... N 16.08 15.00 – 6.7 7.5
EtnVncEqtyIncoII (EOS) ................. N 19.70 19.15 – 2.8 21.5
EVRskMnDvsEqInc (ETJ) ............... N 9.93 9.83 – 1.0 17.1
ETnVncTxMgdBuyWrtInc (ETB) ..... N 13.98 13.81 – 1.2 – 4.8
EtnVncTxMgdBuyWrtOpp (ETV) ..... N 13.86 14.00 + 1.0 2.3
EvTxMnDvsEqInc (ETY) ................. N 12.26 11.11 – 9.4 2.0
EtnVncTxMgdGlbB (ETW) .............. N 9.75 8.65 – 11.3 – 2.5
EVTxMnGblDvEqInc (EXG) ............. N 8.61 7.80 – 9.4 4.5
First Trust Energy Inc G (FEN) ......... A 12.33 10.04 – 18.6 – 49.2
First Tr Enhanced Eq (FFA) .............. N 16.92 15.36 – 9.2 3.5
First Tr Specialty Fn (FGB) ............... N 2.92 2.62 – 10.3 – 52.7
FirstTrEnergyInfra (FIF) .................. N 11.96 9.99 – 16.5 – 32.4
FirstTrMLPEner&Inc (FEI) .............. N 6.52 5.35 – 17.9 – 43.7
Gab Gl Util & Inc (GLU)-ah ................ A 17.47 16.29 – 6.8 – 4.7
Gabelli Healthcare (GRX)-h .............. N 12.88 10.79 – 16.2 10.0
Gab Utility (GUT)-ah ......................... N 4.02 7.74 + 92.5 19.8
GAMCOGlGold&NatRes (GGN)-a ..... A 3.99 3.48 – 12.8 – 4.3
GAMCO NR GLD & INC TR (GNT)-a .. N 5.86 5.00 – 14.7 – 5.6
J Han Finl Opptys (BTO) .................. N 21.53 22.67 + 5.3 – 23.2
Macquarie/FirstTr Gl (MFD) ............ N 9.30 7.74 – 16.8 – 15.8
Madison CovCall & Eq Str (MCN) .... N 6.86 6.00 – 12.5 8.6
Neuberger Brmn MLP & EI (NML)-a. N 3.61 2.57 – 28.8 – 58.8
NubrgrRlEstSec (NRO)-a ................. A 4.06 3.89 – 4.2 – 23.9
Nuv Dow 30 Dyn Overwrite (DIAX) .. N NA 13.78 NA – 14.5
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.com51000
45600
40200
34800
29400
24000
18600
1Q 20 2Q 20 3Q 20 4Q 20*Herzfeld
Closed-End
Average
Dow Industrials
55100
50700
46300
41900
37500
1Q 2Q 3Q 4QNet Asset Value
-4
-7
-10
-13
-16
1Q 20 2Q 20 3Q 20 4Q 20% 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 9/30/20Investor Indecision:Unlike most voters in the upcoming election, the Herzfeld Aver-
age and the Dow were undecided as they returned -0.07% and 0.24%, respectively,
for the week.
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-NAV assumes rights offering is fully subscribed. f-Rights offering
in process. g-Rights offering announced. h-Lipper data has been ad-
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+0.69
Citigroup Panic/Euphoria Model
-1.2
-0.8
-0.4
0
0.4
0.8
S O N D J F M A M J J A SOEuphoria
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
1.2
1.5
1.41.3
1.2
1.11.0
0.9
0.80.7
0.6
0.50.4
0.3
0.20.1
Q4
17Q1
18Q2 Q3 Q4 Q1
19Q2 Q3 Q4 Q1
20Q2 Q3 Q4THREE YEAR TED SPREAD
Friday's Close 0.11TED Spread = 3-mth LIBOR – 3-mth T-bill rate