Relative Value Partners

Relative Value Partners as of Dec. 31, 2015

Portfolio Holdings for Relative Value Partners

Relative Value Partners holds 135 positions in its portfolio as reported in the December 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
iShares S&P 100 Index (OEF) 8.4 $68M 749k 91.17
BlackRock Credit All Inc Trust IV (BTZ) 5.8 $47M 3.8M 12.34
Tri-Continental Corporation (TY) 4.4 $36M 1.8M 20.02
AllianceBernstein Income Fund 4.3 $35M 4.6M 7.67
MFS Charter Income Trust (MCR) 4.2 $34M 4.4M 7.62
Vanguard Total Stock Market ETF (VTI) 4.1 $34M 323k 104.30
BlackRock Enhanced Dividend Achievers Tr (BDJ) 4.0 $33M 4.3M 7.61
Eaton Vance Limited Duration Income Fund (EVV) 3.9 $32M 2.5M 12.76
TCW Strategic Income Fund (TSI) 3.9 $32M 6.0M 5.27
Special Opportunities Fund (SPE) 3.8 $31M 2.3M 13.20
Eaton Vance Risk Managed Diversified (ETJ) 3.4 $27M 2.7M 10.16
Nuveen Mtg opportunity term (JLS) 3.3 $27M 1.2M 22.71
Zweig Total Return 3.3 $27M 2.2M 12.18
MFS Intermediate Income Trust (MIN) 3.2 $26M 5.7M 4.57
Vanguard Total Bond Market ETF (BND) 3.2 $26M 319k 80.76
Blackstone Gso Flting Rte Fu (BSL) 2.4 $20M 1.3M 14.85
Diversified Real Asset Inc F 2.2 $18M 1.1M 15.51
Royce Value Trust (RVT) 2.0 $16M 1.4M 11.77
MFS Government Markets Income Trust (MGF) 1.9 $16M 2.9M 5.30
Western Asset Vrble Rate Strtgc Fnd 1.8 $15M 941k 15.83
Liberty All-Star Equity Fund (USA) 1.6 $13M 2.4M 5.35
Putnam Premier Income Trust (PPT) 1.5 $12M 2.5M 4.95
BlackRock Ltd. Duration Income Trust (BLW) 1.4 $12M 805k 14.58
BlackRock Floating Rate Income Strat. Fn (FRA) 1.3 $11M 845k 12.90
BlackRock Global Opportunities Equity Tr (BOE) 1.3 $11M 824k 12.76
Eaton Vance Tax Managed Diversified Eq. (ETY) 1.2 $10M 904k 11.20
Vanguard Information Technology ETF (VGT) 1.2 $9.6M 89k 108.29
Alerian Mlp Etf 1.2 $9.4M 783k 12.05
MFS Multimarket Income Trust (MMT) 1.1 $9.4M 1.7M 5.51
wisdomtreetrusdivd.. (DGRW) 1.0 $8.5M 279k 30.35
Zweig Fund 1.0 $7.9M 604k 13.14
Nuveen Senior Income Fund 0.9 $7.2M 1.2M 5.77
BlackRock Enhanced Government Fund (EGF) 0.7 $5.9M 431k 13.65
General American Investors (GAM) 0.6 $5.1M 161k 31.94
Eaton Vance Short Duration Diversified I (EVG) 0.6 $4.9M 364k 13.41
Nuveen Mortgage opportunity trm fd2 0.5 $4.2M 189k 22.29
BlackRock Income Trust 0.4 $2.9M 461k 6.38
Blackrock Multi-sector Incom other (BIT) 0.3 $2.7M 171k 15.81
Franklin Templeton (FTF) 0.3 $2.5M 236k 10.72
First Trust/Four Corners SFRI Fund II (FCT) 0.3 $2.5M 205k 12.35
Allianzgi Equity & Conv In 0.3 $2.4M 134k 17.96
Pioneer Floating Rate Trust (PHD) 0.3 $2.4M 220k 10.85
Deutsche High Income Opport 0.2 $2.1M 158k 13.06
Ellsworth Fund (ECF) 0.2 $1.8M 229k 7.75
iShares S&P 500 Index (IVV) 0.2 $1.7M 8.2k 204.83
Nuveen Equity Premium and Growth Fund (SPXX) 0.2 $1.6M 121k 13.47
First Tr Inter Duration Pfd & Income (FPF) 0.2 $1.5M 69k 21.28
Blackrock Defined Opprty Cr 0.2 $1.4M 105k 13.02
Madison Strategic Sector Premium Fund 0.2 $1.3M 119k 10.77
Ares Capital Corporation (ARCC) 0.1 $1.3M 89k 14.24
Saratoga Investment (SAR) 0.1 $1.2M 77k 15.41
Pennantpark Floating Rate Capi (PFLT) 0.1 $1.2M 111k 11.25
Ares Coml Real Estate (ACRE) 0.1 $1.2M 107k 11.44
Whitehorse Finance (WHF) 0.1 $1.2M 106k 11.48
Anworth Mortgage Asset Corporation 0.1 $1.1M 261k 4.35
MFA Mortgage Investments 0.1 $1.2M 178k 6.60
Nuveen Insured Municipal Opp. Fund 0.1 $1.2M 82k 14.33
Proshs Ultrashrt S&p500 Prosha etf 0.1 $1.1M 56k 19.92
Ladder Capital Corp Class A (LADR) 0.1 $1.1M 90k 12.42
SPDR S&P Dividend (SDY) 0.1 $1.0M 14k 73.55
Nuveen Premium Income Municipal Fund 0.1 $1.1M 77k 14.10
Two Harbors Investment 0.1 $963k 119k 8.10
iShares Russell 1000 Growth Index (IWF) 0.1 $986k 9.9k 99.52
Vanguard REIT ETF (VNQ) 0.1 $949k 12k 79.73
Nuveen Muni Value Fund (NUV) 0.1 $1.0M 99k 10.18
Apollo Tactical Income Fd In (AIF) 0.1 $967k 70k 13.88
Blackstone Mtg Tr (BXMT) 0.1 $996k 37k 26.76
Microsoft Corporation (MSFT) 0.1 $778k 14k 55.47
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.1 $802k 102k 7.84
Tortoise Pwr & Energy (TPZ) 0.1 $810k 48k 16.78
Guggenheim Enhanced Equity Strategy 0.1 $842k 53k 15.77
Spectra Energy 0.1 $703k 29k 23.96
Intel Corporation (INTC) 0.1 $710k 21k 34.47
PennantPark Investment (PNNT) 0.1 $761k 123k 6.18
Vanguard Utilities ETF (VPU) 0.1 $757k 8.1k 93.99
First Trust Active Dividend Income Fund 0.1 $746k 88k 8.46
Markit 0.1 $756k 25k 30.17
Nuveen Multi-mkt Inc Income (JMM) 0.1 $729k 103k 7.10
Loews Corporation (L) 0.1 $685k 18k 38.40
Colony Financial 0.1 $630k 32k 19.48
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $681k 65k 10.44
Blackstone Gso Lng Shrt Cr I (BGX) 0.1 $676k 50k 13.49
Tcp Capital 0.1 $651k 47k 13.93
Polonia Bancorp Inc Md 0.1 $658k 57k 11.54
Nuveen Global High (JGH) 0.1 $674k 49k 13.74
Chevron Corporation (CVX) 0.1 $591k 6.6k 89.89
Eaton Vance Enhanced Equity Income Fund (EOI) 0.1 $585k 44k 13.43
iShares S&P US Pref Stock Idx Fnd (PFF) 0.1 $602k 16k 38.85
Exxon Mobil Corporation (XOM) 0.1 $499k 6.4k 77.94
Johnson & Johnson (JNJ) 0.1 $526k 5.1k 102.73
Bank of the Ozarks 0.1 $527k 11k 49.44
BlackRock Floating Rate Income Trust (BGT) 0.1 $511k 41k 12.49
Putnam Municipal Opportunities Trust (PMO) 0.1 $503k 41k 12.27
Pfizer (PFE) 0.1 $404k 13k 32.32
General Electric Company 0.1 $391k 13k 31.13
Apollo Commercial Real Est. Finance (ARI) 0.1 $435k 25k 17.24
Utilities SPDR (XLU) 0.1 $368k 8.5k 43.29
SPDR Barclays Capital High Yield B 0.1 $420k 12k 33.94
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.1 $419k 8.2k 51.09
Citigroup (C) 0.1 $414k 8.0k 51.73
JPMorgan Chase & Co. (JPM) 0.0 $330k 5.0k 66.00
Bank of America Corporation (BAC) 0.0 $303k 18k 16.83
Spdr S&p 500 Etf (SPY) 0.0 $336k 1.7k 203.64
Merck & Co (MRK) 0.0 $343k 6.5k 52.77
Procter & Gamble Company (PG) 0.0 $318k 4.0k 79.50
SPDR S&P Emerging Markets (SPEM) 0.0 $365k 7.0k 52.05
Elements Rogers Intl Commodity Etn etf 0.0 $315k 68k 4.63
Spdr Euro Stoxx 50 Etf (FEZ) 0.0 $347k 10k 34.46
Nuveen Floating Rate Income Fund (JFR) 0.0 $365k 36k 10.25
Schwab Strategic Tr 0 (SCHP) 0.0 $331k 6.2k 53.12
General Mtrs Co *w exp 07/10/201 0.0 $290k 12k 24.32
McDonald's Corporation (MCD) 0.0 $236k 2.0k 118.00
Wal-Mart Stores (WMT) 0.0 $233k 3.8k 61.32
Eli Lilly & Co. (LLY) 0.0 $211k 2.5k 84.40
Cisco Systems (CSCO) 0.0 $239k 8.8k 27.16
Apple (AAPL) 0.0 $216k 2.1k 105.37
iShares MSCI EAFE Index Fund (EFA) 0.0 $262k 4.5k 58.82
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.0 $221k 25k 8.87
BlackRock New York Insured Municipal 0.0 $216k 16k 13.70
THE GDL FUND Closed-End fund (GDL) 0.0 $248k 25k 10.01
Allianzgi Nfj Divid Int Prem S cefs 0.0 $242k 20k 12.38
Royce Global Value Tr (RGT) 0.0 $255k 34k 7.45
Talmer Ban 0.0 $204k 11k 18.10
Trupanion (TRUP) 0.0 $237k 24k 9.78
Alphabet Inc Class C cs (GOOG) 0.0 $247k 325.00 760.00
SPDR Gold Trust (GLD) 0.0 $203k 2.0k 101.50
iShares MSCI Japan Index 0.0 $153k 13k 12.09
Southside Bancshares (SBSI) 0.0 $202k 8.4k 24.04
Market Vectors Gold Miners ETF 0.0 $148k 11k 13.73
New Germany Fund (GF) 0.0 $191k 13k 14.72
Eaton Vance Senior Income Trust (EVF) 0.0 $155k 27k 5.77
Eaton Vance Fltg Rate In 0.0 $203k 14k 14.18
Alpine Total Dyn Fd New cefs 0.0 $157k 21k 7.66
European Equity Fund (EEA) 0.0 $86k 11k 8.05
Virtus Total Return Fund Cef 0.0 $86k 23k 3.80