Relative Value Partners

Relative Value Partners as of March 31, 2016

Portfolio Holdings for Relative Value Partners

Relative Value Partners holds 135 positions in its portfolio as reported in the March 2016 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 733k 91.17
BlackRock Credit All Inc Trust IV (BTZ) 5.6 $45M 3.7M 12.34
AllianceBernstein Income Fund 5.1 $41M 5.4M 7.67
Tri-Continental Corporation (TY) 4.4 $36M 1.8M 20.02
MFS Charter Income Trust (MCR) 4.2 $35M 4.5M 7.62
BlackRock Enhanced Dividend Achievers Tr (BDJ) 4.0 $33M 4.3M 7.61
TCW Strategic Income Fund (TSI) 3.9 $32M 6.0M 5.27
Nuveen Mtg opportunity term (JLS) 3.9 $31M 1.4M 22.71
Eaton Vance Limited Duration Income Fund (EVV) 3.8 $31M 2.4M 12.76
Special Opportunities Fund (SPE) 3.8 $31M 2.3M 13.20
Zweig Total Return 3.5 $28M 2.3M 12.18
Eaton Vance Risk Managed Diversified (ETJ) 3.3 $27M 2.6M 10.16
MFS Intermediate Income Trust (MIN) 3.1 $26M 5.6M 4.57
Vanguard Total Bond Market ETF (BND) 3.1 $25M 315k 80.76
BlackRock Floating Rate Income Strat. Fn (FRA) 2.6 $21M 1.6M 12.90
Vanguard Total Stock Market ETF (VTI) 2.5 $20M 192k 104.30
PowerShares FTSE RAFI US 1000 2.0 $16M 186k 86.83
Diversified Real Asset Inc F 2.0 $16M 1.0M 15.51
Royce Value Trust (RVT) 1.9 $16M 1.3M 11.77
MFS Government Markets Income Trust (MGF) 1.6 $13M 2.5M 5.30
Western Asset Vrble Rate Strtgc Fnd 1.6 $13M 826k 15.83
Putnam Premier Income Trust (PPT) 1.5 $12M 2.5M 4.95
Liberty All-Star Equity Fund (USA) 1.5 $12M 2.3M 5.35
BlackRock Ltd. Duration Income Trust (BLW) 1.4 $12M 811k 14.58
Blackstone Gso Flting Rte Fu (BSL) 1.2 $10M 679k 14.85
BlackRock Global Opportunities Equity Tr (BOE) 1.2 $9.9M 778k 12.76
Eaton Vance Tax Managed Diversified Eq. (ETY) 1.1 $9.3M 835k 11.20
Vanguard Information Technology ETF (VGT) 1.1 $9.3M 86k 108.29
wisdomtreetrusdivd.. (DGRW) 1.1 $9.2M 304k 30.35
Alerian Mlp Etf 1.1 $9.0M 747k 12.05
MFS Multimarket Income Trust (MMT) 1.0 $7.9M 1.4M 5.51
Zweig Fund 0.9 $7.5M 572k 13.14
Nuveen Senior Income Fund 0.8 $6.9M 1.2M 5.77
General American Investors (GAM) 0.7 $6.0M 188k 31.94
BlackRock Enhanced Government Fund (EGF) 0.7 $5.7M 418k 13.65
Eaton Vance Short Duration Diversified I (EVG) 0.6 $4.9M 364k 13.41
Nuveen Mortgage opportunity trm fd2 0.5 $4.3M 192k 22.29
Tortoise Pwr & Energy (TPZ) 0.5 $4.0M 241k 16.78
Deutsche High Income Opport 0.4 $3.3M 251k 13.06
BlackRock Income Trust 0.3 $2.9M 447k 6.38
Pioneer Floating Rate Trust (PHD) 0.3 $2.8M 254k 10.85
First Trust/Four Corners SFRI Fund II (FCT) 0.3 $2.4M 196k 12.35
Blackrock Multi-sector Incom other (BIT) 0.2 $1.9M 120k 15.81
iShares S&P 500 Index (IVV) 0.2 $1.7M 8.2k 204.86
Blackrock Defined Opprty Cr 0.2 $1.5M 116k 13.02
Nuveen Equity Premium and Growth Fund (SPXX) 0.2 $1.5M 109k 13.47
Pennantpark Floating Rate Capi (PFLT) 0.2 $1.5M 130k 11.25
Blackstone Mtg Tr (BXMT) 0.2 $1.4M 53k 26.76
Ares Coml Real Estate (ACRE) 0.2 $1.4M 120k 11.44
Ladder Capital Corp Class A (LADR) 0.2 $1.4M 112k 12.42
Ares Capital Corporation (ARCC) 0.2 $1.3M 94k 14.25
MFA Mortgage Investments 0.2 $1.3M 198k 6.60
Anworth Mortgage Asset Corporation 0.1 $1.2M 287k 4.35
Saratoga Investment (SAR) 0.1 $1.2M 80k 15.43
Madison Strategic Sector Premium Fund 0.1 $1.2M 111k 10.77
Nuveen Insured Municipal Opp. Fund 0.1 $1.1M 77k 14.33
Two Harbors Investment 0.1 $1.1M 133k 8.10
SPDR S&P Dividend (SDY) 0.1 $1.0M 14k 73.55
Franklin Templeton (FTF) 0.1 $1.1M 101k 10.72
Nuveen Premium Income Municipal Fund 0.1 $1.1M 76k 14.10
Guggenheim Enhanced Equity Strategy 0.1 $1.0M 65k 15.77
Proshs Ultrashrt S&p500 Prosha etf 0.1 $1.1M 53k 19.94
PennantPark Investment (PNNT) 0.1 $979k 158k 6.18
iShares Russell 1000 Growth Index (IWF) 0.1 $986k 9.9k 99.52
Vanguard REIT ETF (VNQ) 0.1 $949k 12k 79.73
BlackRock Floating Rate Income Trust (BGT) 0.1 $1.0M 81k 12.50
SPDR Barclays Capital Aggregate Bo (SPAB) 0.1 $960k 17k 57.07
Apollo Tactical Income Fd In (AIF) 0.1 $982k 71k 13.89
Ellsworth Fund (ECF) 0.1 $869k 112k 7.75
Microsoft Corporation (MSFT) 0.1 $797k 14k 55.50
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.1 $810k 103k 7.84
Whitehorse Finance (WHF) 0.1 $838k 73k 11.48
Spectra Energy 0.1 $735k 31k 23.93
Intel Corporation (INTC) 0.1 $727k 21k 34.45
Colony Financial 0.1 $757k 39k 19.48
Vanguard Utilities ETF (VPU) 0.1 $757k 8.1k 93.99
Tcp Capital 0.1 $729k 52k 13.93
Loews Corporation (L) 0.1 $685k 18k 38.40
Wells Fargo & Company Non-cum Perpet cnv (WFC.PL) 0.1 $690k 573.00 1204.19
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $658k 63k 10.44
First Trust Active Dividend Income Fund 0.1 $670k 79k 8.47
Allianzgi Equity & Conv In 0.1 $686k 38k 17.96
Nuveen Multi-mkt Inc Income (JMM) 0.1 $652k 92k 7.10
Nuveen Global High (JGH) 0.1 $668k 49k 13.73
Exxon Mobil Corporation (XOM) 0.1 $538k 6.9k 77.95
Chevron Corporation (CVX) 0.1 $591k 6.6k 89.89
Bank of the Ozarks 0.1 $603k 12k 49.44
Eaton Vance Enhanced Equity Income Fund (EOI) 0.1 $605k 45k 13.43
iShares S&P US Pref Stock Idx Fnd (PFF) 0.1 $602k 16k 38.85
Johnson & Johnson (JNJ) 0.1 $526k 5.1k 102.73
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.1 $493k 4.0k 122.73
Putnam Municipal Opportunities Trust (PMO) 0.1 $503k 41k 12.27
Pfizer (PFE) 0.1 $418k 13k 32.26
General Electric Company 0.1 $391k 13k 31.13
Utilities SPDR (XLU) 0.1 $407k 9.4k 43.30
SPDR Barclays Capital High Yield B 0.1 $420k 12k 33.88
BlackRock New York Insured Municipal 0.1 $439k 32k 13.72
Vanguard Intl Equity Index F glb ex us etf (VNQI) 0.1 $419k 8.2k 51.09
Blackstone Gso Lng Shrt Cr I (BGX) 0.1 $395k 29k 13.47
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 $307k 18k 16.84
Cisco Systems (CSCO) 0.0 $307k 11k 27.17
Merck & Co (MRK) 0.0 $354k 6.7k 52.84
Procter & Gamble Company (PG) 0.0 $318k 4.0k 79.50
WisdomTree India Earnings Fund (EPI) 0.0 $291k 15k 19.89
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 $332k 9.7k 34.39
Nuveen Floating Rate Income Fund (JFR) 0.0 $365k 36k 10.25
Schwab Strategic Tr 0 (SCHP) 0.0 $331k 6.2k 53.12
Markit 0.0 $332k 11k 30.15
Wal-Mart Stores (WMT) 0.0 $270k 4.4k 61.36
Eli Lilly & Co. (LLY) 0.0 $211k 2.5k 84.40
Apple (AAPL) 0.0 $256k 2.4k 105.13
International Business Machines (IBM) 0.0 $278k 2.0k 137.62
iShares MSCI EAFE Index Fund (EFA) 0.0 $226k 3.8k 58.75
Southside Bancshares (SBSI) 0.0 $211k 8.8k 24.05
THE GDL FUND Closed-End fund (GDL) 0.0 $275k 28k 10.01
General Mtrs Co *w exp 07/10/201 0.0 $275k 11k 24.28
Allianzgi Nfj Divid Int Prem S cefs 0.0 $242k 20k 12.38
Royce Global Value Tr (RGT) 0.0 $238k 32k 7.44
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 $161k 13k 12.14
New Germany Fund (GF) 0.0 $187k 13k 14.67
Eaton Vance Senior Income Trust (EVF) 0.0 $155k 27k 5.77
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.0 $201k 23k 8.84
PowerShrs CEF Income Cmpst Prtfl 0.0 $201k 9.4k 21.33
Eaton Vance Fltg Rate In 0.0 $175k 12k 14.16
Alpine Total Dyn Fd New cefs 0.0 $139k 18k 7.70
European Equity Fund (EEA) 0.0 $86k 11k 8.05
Virtus Total Return Fund Cef 0.0 $109k 29k 3.81