Relative Value Partners

Relative Value Partners as of Dec. 31, 2013

Portfolio Holdings for Relative Value Partners

Relative Value Partners holds 100 positions in its portfolio as reported in the December 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 100 Index (OEF) 8.2 $59M 718k 82.35
BlackRock Credit All Inc Trust IV (BTZ) 7.9 $58M 4.4M 13.06
AllianceBernstein Income Fund 5.3 $39M 5.4M 7.13
Eaton Vance Tax Managed Diversified Eq. (ETY) 5.1 $37M 3.4M 10.92
Tri-Continental Corporation (TY) 5.0 $36M 1.8M 19.98
Royce Value Trust (RVT) 5.0 $36M 2.3M 16.01
Eaton Vance Risk Managed Diversified (ETJ) 4.8 $35M 3.1M 11.27
Vanguard Total Stock Market ETF (VTI) 4.7 $34M 356k 95.92
Zweig Total Return 4.3 $31M 2.3M 13.94
BlackRock Enhanced Dividend Achievers Tr (BDJ) 4.3 $31M 3.9M 7.94
Special Opportunities Fund (SPE) 3.5 $26M 1.5M 17.46
Putnam Premier Income Trust (PPT) 3.2 $24M 4.3M 5.44
MFS Multimarket Income Trust (MMT) 3.0 $22M 3.3M 6.62
MFS Charter Income Trust (MCR) 2.6 $19M 2.1M 9.05
BlackRock Global Opportunities Equity Tr (BOE) 2.5 $18M 1.2M 14.96
Liberty All-Star Equity Fund (USA) 2.5 $18M 3.1M 5.97
MFS Intermediate Income Trust (MIN) 2.4 $18M 3.4M 5.18
Eaton Vance Limited Duration Income Fund (EVV) 2.0 $15M 962k 15.30
MFS Government Markets Income Trust (MGF) 1.9 $14M 2.5M 5.73
Western Asset Inflation Mgnt Fnd (IMF) 1.8 $13M 750k 16.93
Zweig Fund 1.7 $12M 811k 14.86
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 1.3 $9.3M 955k 9.73
Vanguard Information Technology ETF (VGT) 1.3 $9.3M 104k 89.54
Vanguard Total Bond Market ETF (BND) 1.1 $8.1M 101k 80.05
Western Asset Vrble Rate Strtgc Fnd 1.0 $7.4M 421k 17.52
Eaton Vance Tax-Managed Global Dive Eq (EXG) 1.0 $7.1M 714k 10.00
Nexpoint Credit Strategies 0.8 $5.8M 616k 9.42
First Tr Inter Duration Pfd & Income (FPF) 0.7 $5.3M 251k 21.25
Eaton Vance Short Duration Diversified I (EVG) 0.7 $4.7M 308k 15.27
Allianzgi Equity & Conv In 0.7 $4.7M 241k 19.52
Blackrock Multi-sector Incom other (BIT) 0.6 $4.6M 269k 17.11
Flaherty & Crumrine Dyn P (DFP) 0.6 $4.1M 202k 20.53
Nuveen Muni Value Fund (NUV) 0.5 $3.9M 435k 9.04
Proshs Ultrashrt S&p500 Prosha etf 0.5 $3.9M 131k 29.66
Nuveen Equity Premium Advantage Fund 0.5 $3.6M 286k 12.64
BlackRock Enhanced Capital and Income (CII) 0.4 $3.2M 232k 13.67
Market Vectors Gold Miners ETF 0.4 $3.0M 143k 21.13
Western Asset Global Cp Defi (GDO) 0.4 $2.9M 160k 18.07
Apollo Tactical Income Fd In (AIF) 0.4 $2.9M 160k 18.00
Nuveen Equity Premium and Growth Fund (SPXX) 0.4 $2.8M 200k 14.12
Eaton Vance Tax Managed Buy Write Opport (ETV) 0.3 $2.5M 181k 14.01
Royce Global Value Tr (RGT) 0.3 $2.5M 285k 8.89
Ellsworth Fund (ECF) 0.3 $2.4M 296k 8.19
Eaton Vance Enhanced Equity Income Fund (EOI) 0.3 $2.1M 160k 13.00
Guggenheim Cr Allocation 0.3 $2.1M 92k 22.49
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.2 $1.6M 124k 13.07
Nuveen Equity Premium Opportunity Fund 0.2 $1.5M 121k 12.65
Macquarie Global Infr Total Rtrn Fnd 0.2 $1.2M 54k 22.09
Pimco Total Return Etf totl (BOND) 0.1 $1.1M 11k 104.78
Nuveen Equity Premium Income Fund (BXMX) 0.1 $915k 73k 12.55
Loews Corporation (L) 0.1 $830k 17k 48.26
BlackRock Enhanced Government Fund (EGF) 0.1 $799k 57k 13.95
Blackstone Gso Lng Shrt Cr I (BGX) 0.1 $809k 45k 17.87
Intel Corporation (INTC) 0.1 $624k 24k 25.97
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.1 $656k 81k 8.13
Microsoft Corporation (MSFT) 0.1 $597k 16k 37.38
Chevron Corporation (CVX) 0.1 $562k 4.5k 124.89
Nuveen NY Municipal Value (NNY) 0.1 $571k 65k 8.76
Polonia Bancorp Inc Md 0.1 $577k 58k 9.89
Doubleline Income Solutions (DSL) 0.1 $584k 28k 21.10
Virtus Total Return Fund Cef 0.1 $502k 128k 3.93
Johnson & Johnson (JNJ) 0.1 $469k 5.1k 91.60
Putnam Master Int. Income (PIM) 0.1 $459k 91k 5.04
OmniAmerican Ban 0.1 $454k 21k 21.36
Putnam Municipal Opportunities Trust (PMO) 0.1 $440k 41k 10.73
Citigroup (C) 0.1 $417k 8.0k 52.12
JPMorgan Chase & Co. (JPM) 0.1 $336k 5.8k 58.43
Pfizer (PFE) 0.1 $336k 11k 30.67
Utilities SPDR (XLU) 0.1 $338k 8.9k 37.98
Morgan Stanley Asia Pacific Fund 0.1 $358k 22k 16.58
Allianzgi Nfj Divid Int Prem S cefs 0.1 $360k 20k 17.73
Bank of America Corporation (BAC) 0.0 $284k 18k 15.58
General Electric Company 0.0 $296k 11k 28.03
Merck & Co (MRK) 0.0 $325k 6.5k 50.00
iShares MSCI EAFE Index Fund (EFA) 0.0 $320k 4.8k 67.10
Technology SPDR (XLK) 0.0 $311k 8.7k 35.69
New Germany Fund (GF) 0.0 $298k 15k 19.90
Spdr Euro Stoxx 50 Etf (FEZ) 0.0 $325k 7.7k 42.26
WisdomTree Japan Total Dividend (DXJ) 0.0 $257k 5.1k 50.78
THE GDL FUND Closed-End fund (GDL) 0.0 $303k 28k 11.02
General Mtrs Co *w exp 07/10/201 0.0 $280k 9.0k 31.11
Cisco Systems (CSCO) 0.0 $238k 11k 22.45
Unum (UNM) 0.0 $202k 5.8k 35.13
ConocoPhillips (COP) 0.0 $205k 2.9k 70.69
Procter & Gamble Company (PG) 0.0 $244k 3.0k 81.33
SPDR Gold Trust (GLD) 0.0 $232k 2.0k 116.00
iShares MSCI Japan Index 0.0 $248k 20k 12.15
SPDR S&P Dividend (SDY) 0.0 $218k 3.0k 72.67
Cohen & Steers infrastucture Fund (UTF) 0.0 $200k 9.7k 20.58
iShares Lehman Short Treasury Bond (SHV) 0.0 $245k 2.2k 110.36
Eaton Vance Tax-Managed Global Buy-Write (ETW) 0.0 $254k 21k 12.09
MFS InterMarket Income Trust I 0.0 $218k 27k 8.11
Nuveen Mult Curr St Gv Incm 0.0 $230k 23k 10.09
Powershares Senior Loan Portfo mf 0.0 $208k 8.3k 24.94
Gamco Global Gold Natural Reso (GGN) 0.0 $214k 24k 9.01
Intervest Bancshares 0.0 $174k 23k 7.49
Aberdeen Asia-Pacific Income Fund 0.0 $118k 21k 5.76
Alpine Total Dynamic Dividend Fund 0.0 $142k 17k 8.35
Cys Investments 0.0 $80k 11k 7.38
Alexco Resource Corp 0.0 $20k 16k 1.29