Relative Value Partners

Relative Value Partners as of Sept. 30, 2015

Portfolio Holdings for Relative Value Partners

Relative Value Partners holds 132 positions in its portfolio as reported in the September 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 100 Index (OEF) 8.2 $67M 793k 84.78
BlackRock Credit All Inc Trust IV (BTZ) 7.2 $59M 4.8M 12.17
Tri-Continental Corporation (TY) 4.5 $37M 1.9M 19.50
Special Opportunities Fund (SPE) 4.3 $35M 2.5M 14.07
AllianceBernstein Income Fund 4.2 $34M 4.3M 7.86
BlackRock Enhanced Dividend Achievers Tr (BDJ) 4.0 $33M 4.6M 7.20
Vanguard Total Stock Market ETF (VTI) 4.0 $33M 330k 98.72
TCW Strategic Income Fund (TSI) 3.9 $32M 6.2M 5.20
MFS Charter Income Trust (MCR) 3.5 $29M 3.7M 7.75
Western Asset Vrble Rate Strtgc Fnd 3.4 $28M 1.8M 15.53
Eaton Vance Risk Managed Diversified (ETJ) 3.3 $27M 2.8M 9.60
Zweig Total Return 3.3 $27M 2.4M 11.42
MFS Intermediate Income Trust (MIN) 3.2 $26M 5.7M 4.55
Vanguard Total Bond Market ETF (BND) 3.2 $26M 316k 81.93
Diversified Real Asset Inc F 3.0 $24M 1.5M 16.08
Eaton Vance Limited Duration Income Fund (EVV) 2.5 $21M 1.6M 12.68
Blackstone Gso Flting Rte Fu (BSL) 2.2 $18M 1.2M 15.86
Eaton Vance Short Duration Diversified I (EVG) 2.1 $17M 1.3M 13.23
Royce Value Trust (RVT) 2.1 $17M 1.5M 11.50
MFS Multimarket Income Trust (MMT) 2.0 $17M 3.0M 5.59
MFS Government Markets Income Trust (MGF) 1.9 $16M 2.9M 5.37
Putnam Premier Income Trust (PPT) 1.9 $15M 3.1M 4.89
Liberty All-Star Equity Fund (USA) 1.6 $13M 2.6M 5.08
Eaton Vance Tax Managed Diversified Eq. (ETY) 1.4 $12M 1.1M 10.28
BlackRock Global Opportunities Equity Tr (BOE) 1.4 $11M 909k 12.10
Blackrock Defined Opprty Cr 1.1 $9.3M 719k 12.91
Nuveen Mtg opportunity term (JLS) 1.1 $9.2M 409k 22.40
Vanguard Information Technology ETF (VGT) 1.1 $9.1M 91k 100.00
Zweig Fund 1.0 $8.1M 628k 12.83
BlackRock Enhanced Government Fund (EGF) 0.9 $7.5M 547k 13.78
Nuveen Senior Income Fund 0.7 $5.8M 982k 5.91
Blackstone Gso Lng Shrt Cr I (BGX) 0.6 $4.9M 345k 14.25
General American Investors (GAM) 0.6 $4.6M 148k 30.98
Jp Morgan Alerian Mlp Index (AMJ) 0.6 $4.5M 148k 30.39
Nuveen Floating Rate Income Fund (JFR) 0.5 $4.4M 438k 10.05
BlackRock Floating Rate Income Strat. Fn (FRA) 0.5 $4.2M 325k 12.94
BlackRock Income Trust 0.4 $3.0M 475k 6.31
Blackrock Multi-sector Incom other (BIT) 0.4 $3.0M 190k 15.71
Franklin Templeton (FTF) 0.4 $3.0M 271k 10.90
wisdomtreetrusdivd.. (DGRW) 0.3 $2.6M 92k 28.62
Allianzgi Equity & Conv In 0.3 $2.5M 148k 17.19
Western Asset Global Cp Defi (GDO) 0.3 $2.3M 144k 15.83
iShares Lehman 1-3 Year Treas.Bond (SHY) 0.3 $2.1M 25k 84.99
BlackRock Ltd. Duration Income Trust (BLW) 0.2 $1.9M 131k 14.44
Ellsworth Fund (ECF) 0.2 $1.8M 236k 7.82
Market Vectors Gold Miners ETF 0.2 $1.7M 123k 13.74
Apollo Tactical Income Fd In (AIF) 0.2 $1.7M 120k 14.49
Nuveen Equity Premium and Growth Fund (SPXX) 0.2 $1.6M 126k 12.64
First Tr Inter Duration Pfd & Income (FPF) 0.2 $1.5M 69k 21.43
Proshs Ultrashrt S&p500 Prosha etf 0.2 $1.4M 61k 23.29
Madison Strategic Sector Premium Fund 0.2 $1.3M 125k 10.67
Pennantpark Floating Rate Capi (PFLT) 0.2 $1.3M 107k 11.94
Anworth Mortgage Asset Corporation 0.1 $1.2M 250k 4.94
Ares Coml Real Estate (ACRE) 0.1 $1.2M 101k 11.99
Ares Capital Corporation (ARCC) 0.1 $1.1M 79k 14.48
Saratoga Investment (SAR) 0.1 $1.1M 69k 16.15
Nuveen Insured Municipal Opp. Fund 0.1 $1.2M 82k 14.09
Whitehorse Finance (WHF) 0.1 $1.2M 100k 11.64
Two Harbors Investment 0.1 $1.0M 119k 8.82
MFA Mortgage Investments 0.1 $1.0M 154k 6.81
Nuveen Muni Value Fund (NUV) 0.1 $1.0M 104k 9.81
Nuveen Premium Income Municipal Fund 0.1 $1.0M 77k 13.40
Alerian Mlp Etf 0.1 $957k 77k 12.48
Blackstone Mtg Tr (BXMT) 0.1 $903k 33k 27.44
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.1 $855k 107k 7.98
Nuveen Global High (JGH) 0.1 $826k 57k 14.41
DENTSPLY International 0.1 $721k 14k 50.60
PennantPark Investment (PNNT) 0.1 $716k 111k 6.47
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $751k 70k 10.70
Polonia Bancorp Inc Md 0.1 $728k 56k 13.00
Markit 0.1 $727k 25k 29.01
Nuveen Multi-mkt Inc Income (JMM) 0.1 $731k 105k 6.95
Loews Corporation (L) 0.1 $645k 18k 36.15
Microsoft Corporation (MSFT) 0.1 $621k 14k 44.28
Intel Corporation (INTC) 0.1 $621k 21k 30.15
Eaton Vance Enhanced Equity Income Fund (EOI) 0.1 $613k 52k 11.89
Royce Global Value Tr (RGT) 0.1 $614k 88k 7.01
Ladder Capital Corp Class A (LADR) 0.1 $642k 45k 14.32
Philip Morris International (PM) 0.1 $593k 7.5k 79.38
Colony Financial 0.1 $551k 28k 19.56
Nuveen Mortgage opportunity trm fd2 0.1 $601k 28k 21.71
Tcp Capital 0.1 $603k 44k 13.57
Exxon Mobil Corporation (XOM) 0.1 $476k 6.4k 74.35
Johnson & Johnson (JNJ) 0.1 $478k 5.1k 93.36
Chevron Corporation (CVX) 0.1 $519k 6.6k 78.94
Merck & Co (MRK) 0.1 $476k 9.6k 49.41
Bank of the Ozarks 0.1 $466k 11k 43.71
Apollo Commercial Real Est. Finance (ARI) 0.1 $523k 33k 15.72
Putnam Municipal Opportunities Trust (PMO) 0.1 $490k 41k 11.95
Pfizer (PFE) 0.1 $393k 13k 31.44
Altria (MO) 0.1 $407k 7.5k 54.44
Hatteras Financial 0.1 $425k 28k 15.16
Utilities SPDR (XLU) 0.1 $368k 8.5k 43.29
Citigroup (C) 0.1 $397k 8.0k 49.61
L Brands 0.1 $416k 4.6k 90.04
JPMorgan Chase & Co. (JPM) 0.0 $305k 5.0k 61.00
General Electric Company 0.0 $317k 13k 25.24
Procter & Gamble Company (PG) 0.0 $288k 4.0k 72.00
iShares MSCI EAFE Index Fund (EFA) 0.0 $316k 5.5k 57.26
Clorox Company (CLX) 0.0 $323k 2.8k 115.36
Spdr Euro Stoxx 50 Etf (FEZ) 0.0 $341k 10k 33.87
Nuveen NY Municipal Value (NNY) 0.0 $288k 30k 9.72
Western Union Company (WU) 0.0 $220k 12k 18.33
Bank of America Corporation (BAC) 0.0 $280k 18k 15.56
CSX Corporation (CSX) 0.0 $230k 8.6k 26.89
Eli Lilly & Co. (LLY) 0.0 $209k 2.5k 83.60
Cisco Systems (CSCO) 0.0 $231k 8.8k 26.25
H&R Block (HRB) 0.0 $217k 6.0k 36.17
PPG Industries (PPG) 0.0 $210k 2.4k 87.50
Stanley Black & Decker (SWK) 0.0 $213k 2.2k 96.82
SPDR Gold Trust (GLD) 0.0 $214k 2.0k 107.00
Southside Bancshares (SBSI) 0.0 $231k 8.4k 27.49
iShares Barclays 20+ Yr Treas.Bond (TLT) 0.0 $274k 2.2k 123.37
PowerShrs CEF Income Cmpst Prtfl 0.0 $209k 10k 21.01
THE GDL FUND Closed-End fund (GDL) 0.0 $243k 25k 9.81
General Mtrs Co *w exp 07/10/201 0.0 $224k 11k 20.36
Allianzgi Nfj Divid Int Prem S cefs 0.0 $250k 20k 12.79
Eaton Vance Fltg Rate In 0.0 $218k 15k 14.68
Deutsche High Income Opport 0.0 $212k 16k 13.15
iShares MSCI Japan Index 0.0 $145k 13k 11.46
New Germany Fund (GF) 0.0 $187k 13k 14.41
Eaton Vance Senior Income Trust (EVF) 0.0 $158k 27k 5.88
First Trust/Four Corners SFRI Fund II (FCT) 0.0 $141k 11k 12.62
Blackrock Res & Commodities Strategy Tr (BCX) 0.0 $129k 18k 7.11
Mondelez Int (MDLZ) 0.0 $201k 4.8k 41.79
Abbvie (ABBV) 0.0 $203k 3.7k 54.34
Alpine Total Dyn Fd New cefs 0.0 $153k 21k 7.48
Talmer Ban 0.0 $188k 11k 16.68
Trupanion (TRUP) 0.0 $183k 24k 7.55
European Equity Fund (EEA) 0.0 $83k 11k 7.77
Virtus Total Return Fund Cef 0.0 $85k 23k 3.76
Chembio Diagnostics 0.0 $56k 14k 4.00