Relative Value Partners

Relative Value Partners as of Dec. 31, 2014

Portfolio Holdings for Relative Value Partners

Relative Value Partners holds 126 positions in its portfolio as reported in the December 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 100 Index (OEF) 8.7 $75M 824k 90.94
BlackRock Credit All Inc Trust IV (BTZ) 7.4 $64M 4.9M 12.92
Tri-Continental Corporation (TY) 4.8 $41M 1.9M 21.41
BlackRock Enhanced Dividend Achievers Tr (BDJ) 4.5 $39M 4.8M 8.12
Special Opportunities Fund (SPE) 4.4 $38M 2.5M 15.37
Zweig Total Return 3.9 $33M 2.4M 14.01
AllianceBernstein Income Fund 3.8 $33M 4.4M 7.47
Putnam Premier Income Trust (PPT) 3.6 $31M 6.0M 5.25
Vanguard Total Stock Market ETF (VTI) 3.5 $31M 288k 106.00
Diversified Real Asset Inc F 3.3 $29M 1.7M 17.34
Vanguard Total Bond Market ETF (BND) 3.3 $28M 344k 82.37
Eaton Vance Risk Managed Diversified (ETJ) 3.1 $27M 2.5M 10.66
MFS Charter Income Trust (MCR) 3.1 $26M 2.9M 9.19
Royce Value Trust (RVT) 3.0 $26M 1.8M 14.33
Western Asset Vrble Rate Strtgc Fnd 2.6 $23M 1.4M 16.65
MFS Multimarket Income Trust (MMT) 2.6 $22M 3.4M 6.50
Eaton Vance Short Duration Diversified I (EVG) 2.5 $21M 1.5M 14.15
MFS Government Markets Income Trust (MGF) 2.2 $19M 3.3M 5.67
MFS Intermediate Income Trust (MIN) 2.1 $19M 3.9M 4.78
Eaton Vance Limited Duration Income Fund (EVV) 2.0 $18M 1.2M 14.12
Liberty All-Star Equity Fund (USA) 2.0 $17M 2.9M 5.98
Blackstone Gso Flting Rte Fu (BSL) 1.9 $17M 993k 16.74
TCW Strategic Income Fund (TSI) 1.9 $17M 3.1M 5.39
BlackRock Global Opportunities Equity Tr (BOE) 1.9 $16M 1.2M 13.13
Eaton Vance Tax Managed Diversified Eq. (ETY) 1.6 $14M 1.3M 11.17
Zweig Fund 1.4 $12M 756k 15.46
Vanguard Information Technology ETF (VGT) 1.2 $10M 98k 104.48
Energy Select Sector SPDR (XLE) 1.1 $9.3M 118k 79.16
BlackRock Enhanced Government Fund (EGF) 0.8 $6.9M 482k 14.26
Blackrock Defined Opprty Cr 0.8 $6.5M 512k 12.78
First Tr Inter Duration Pfd & Income (FPF) 0.7 $6.4M 281k 22.71
Blackstone Gso Lng Shrt Cr I (BGX) 0.7 $5.9M 383k 15.53
Nuveen Global High (JGH) 0.7 $5.6M 326k 17.25
Blackrock Multi-sector Incom other (BIT) 0.6 $4.8M 287k 16.77
BlackRock Ltd. Duration Income Trust (BLW) 0.5 $4.3M 276k 15.72
Allianzgi Equity & Conv In 0.5 $4.1M 197k 20.68
First Trust/Four Corners SFRI Fund II (FCT) 0.4 $3.1M 242k 13.01
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.4 $3.1M 356k 8.77
Western Asset Global Cp Defi (GDO) 0.4 $3.1M 176k 17.78
Nuveen Equity Premium and Growth Fund (SPXX) 0.3 $2.6M 179k 14.30
Nuveen Fltng Rte Incm Opp 0.3 $2.5M 224k 11.27
Ellsworth Fund (ECF) 0.3 $2.4M 271k 8.71
Apollo Tactical Income Fd In (AIF) 0.3 $2.4M 148k 15.96
Market Vectors Junior Gold Min 0.3 $2.2M 92k 23.93
Proshs Ultrashrt S&p500 Prosha etf 0.2 $2.2M 99k 22.05
Madison Strategic Sector Premium Fund 0.2 $1.7M 147k 11.87
BlackRock Floating Rate Income Strat. Fn (FRA) 0.2 $1.7M 125k 13.39
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $1.3M 102k 12.82
Nuveen Muni Value Fund (NUV) 0.1 $1.1M 114k 9.65
Eaton Vance Senior Income Trust (EVF) 0.1 $964k 155k 6.24
Royce Global Value Tr (RGT) 0.1 $911k 113k 8.04
Nuveen Multi-mkt Inc Income (JMM) 0.1 $979k 128k 7.67
Loews Corporation (L) 0.1 $739k 18k 42.01
Two Harbors Investment 0.1 $760k 76k 10.02
Intel Corporation (INTC) 0.1 $753k 21k 36.30
Ares Capital Corporation (ARCC) 0.1 $816k 52k 15.61
Eaton Vance Enhanced Equity Income Fund (EOI) 0.1 $739k 54k 13.80
Nuveen Equity Premium Income Fund (BXMX) 0.1 $793k 66k 12.11
Pennantpark Floating Rate Capi (PFLT) 0.1 $753k 55k 13.73
Microsoft Corporation (MSFT) 0.1 $649k 14k 46.46
BlackRock Income Trust 0.1 $688k 108k 6.40
Ares Coml Real Estate (ACRE) 0.1 $679k 59k 11.48
Whitehorse Finance (WHF) 0.1 $679k 59k 11.54
Markit 0.1 $662k 25k 26.42
Chevron Corporation (CVX) 0.1 $579k 5.2k 112.21
Anworth Mortgage Asset Corporation 0.1 $582k 111k 5.25
Franklin Templeton (FTF) 0.1 $622k 51k 12.20
Vanguard REIT ETF (VNQ) 0.1 $591k 7.3k 80.94
Polonia Bancorp Inc Md 0.1 $601k 58k 10.44
Johnson & Johnson (JNJ) 0.1 $535k 5.1k 104.49
Hatteras Financial 0.1 $538k 29k 18.44
Saratoga Investment (SAR) 0.1 $531k 36k 14.85
Putnam Municipal Opportunities Trust (PMO) 0.1 $492k 41k 12.00
Blackstone Mtg Tr (BXMT) 0.1 $557k 19k 29.13
Flaherty & Crumrine Dyn P (DFP) 0.1 $483k 22k 22.24
Pfizer (PFE) 0.1 $404k 13k 31.18
iShares MSCI EAFE Index Fund (EFA) 0.1 $412k 6.8k 60.77
Intervest Bancshares 0.1 $395k 39k 10.06
PennantPark Investment (PNNT) 0.1 $434k 46k 9.54
MFA Mortgage Investments 0.1 $437k 55k 7.99
Colony Financial 0.1 $398k 17k 23.81
Rydex S&P Equal Weight ETF 0.1 $441k 5.5k 80.09
Utilities SPDR (XLU) 0.1 $420k 8.9k 47.19
Putnam Master Int. Income (PIM) 0.1 $438k 91k 4.81
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.1 $450k 3.6k 125.91
Citigroup (C) 0.1 $433k 8.0k 54.10
New Mountain Finance Corp (NMFC) 0.1 $470k 32k 14.94
Eaton Vance Fltg Rate In 0.1 $406k 25k 16.14
Fs Investment Corporation 0.1 $461k 46k 9.93
JPMorgan Chase & Co. (JPM) 0.0 $313k 5.0k 62.60
Bank of America Corporation (BAC) 0.0 $326k 18k 17.89
General Electric Company 0.0 $317k 13k 25.24
Merck & Co (MRK) 0.0 $369k 6.5k 56.77
Southside Bancshares (SBSI) 0.0 $331k 11k 28.92
Invesco Mortgage Capital 0.0 $303k 20k 15.47
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.0 $364k 4.3k 84.38
SPDR Barclays Capital High Yield B 0.0 $338k 8.8k 38.56
Spdr Euro Stoxx 50 Etf (FEZ) 0.0 $343k 9.3k 36.91
Nuveen NY Municipal Value (NNY) 0.0 $332k 34k 9.78
Cutwater Select Income 0.0 $369k 19k 19.36
Allianzgi Nfj Divid Int Prem S cefs 0.0 $313k 20k 16.02
Exxon Mobil Corporation (XOM) 0.0 $256k 2.8k 92.35
Cisco Systems (CSCO) 0.0 $245k 8.8k 27.84
Union Pacific Corporation (UNP) 0.0 $260k 2.2k 119.27
Procter & Gamble Company (PG) 0.0 $273k 3.0k 91.00
SPDR Gold Trust (GLD) 0.0 $227k 2.0k 113.50
Apollo Commercial Real Est. Finance (ARI) 0.0 $259k 16k 16.36
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.0 $219k 1.8k 119.15
THE GDL FUND Closed-End fund (GDL) 0.0 $281k 28k 10.22
Nexpoint Credit Strategies 0.0 $285k 25k 11.22
Blackstone Gso Strategic (BGB) 0.0 $280k 17k 16.51
L Brands 0.0 $300k 3.5k 86.58
Unum (UNM) 0.0 $201k 5.8k 34.96
ConocoPhillips (COP) 0.0 $200k 2.9k 68.97
iShares MSCI Japan Index 0.0 $142k 13k 11.21
Alerian Mlp Etf 0.0 $208k 12k 17.49
New Germany Fund (GF) 0.0 $181k 13k 14.01
Golub Capital BDC (GBDC) 0.0 $185k 10k 17.90
iShares JPMorgan USD Emer Mkt Bnd Fd ETF (EMB) 0.0 $211k 1.9k 109.44
MFS InterMarket Income Trust I 0.0 $180k 22k 8.32
Blackrock Res & Commodities Strategy Tr (BCX) 0.0 $199k 21k 9.72
Tcp Capital 0.0 $174k 10k 16.75
Alpine Total Dyn Fd New cefs 0.0 $144k 17k 8.48
Talmer Ban 0.0 $158k 11k 14.02
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.0 $90k 13k 6.74
Virtus Total Return Fund Cef 0.0 $122k 27k 4.52