13F HOLDINGS REPORT

Relative Value Partners Group, LLC

Quarter ended Q1 2023 · Filed February 13, 2023 · Accession 0001649910-23-000007

Total Value

$1.42B

Positions

259

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (259)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INDEX FDS	922908744	598,932	$84.1M	5.92%
2	ISHARE TR	464287101	443,596	$75.7M	5.33%
3	VANGUARD INDEX FDS	922908769	319,697	$62.3M	4.39%
4	VANGUARD SCOTTSDALE FDS	92206C706	1,054,907	$61.7M	4.35%
5	ISHARES TR	464287440	525,563	$50.3M	3.55%
6	ISHARES TR	464287200	119,934	$46.1M	3.25%
7	INVESCO EXCHANGE TRADED FD	IVZ	291,796	$45.3M	3.19%
8	WISDOMTREE TR	WT	741,129	$44.7M	3.15%
9	ISHARE TR	46429B267	1,886,077	$42.9M	3.02%
10	ISHARES TR	464287408	261,719	$38.0M	2.67%
11	SPDR SER TR	78464A474	1,241,440	$36.5M	2.57%
12	VANGUARD SCOTTSDALE FDS	92206C102	550,677	$31.8M	2.24%
13	SPECIAL OPPORTUNITIES FUND INC	84741T401	1,385,242	$31.4M	2.21%
14	ISHARES INC	464288646	453,209	$22.6M	1.59%
15	DIMENSIONAL ETF TRUST	25434V807	728,261	$22.1M	1.56%
16	VIRTUS DIVIDEND INTEREST & P	NFJ	1,818,367	$20.5M	1.45%
17	SPECIAL OPPORTUNITIES FUND INC	84741T104	1,764,253	$20.1M	1.42%
18	VANGUARD TAX-MANAGED FDS	921943858	453,659	$19.0M	1.34%
19	AMERICAN CENTY ETF TR	025072877	245,525	$18.3M	1.29%
20	ISHARES TR	464287598	114,812	$17.4M	1.23%
21	ISHARES TR	46432F842	277,610	$17.1M	1.21%
22	SABA CAPITAL INC & OPTUNTY FD	78518H202	2,245,004	$17.1M	1.20%
23	ISHARES TR	464287804	177,190	$16.8M	1.18%
24	BLACKROCK FLOAT RATE INCM	BLK	1,391,619	$15.7M	1.10%
25	ISHARES TR	464287507	63,918	$15.5M	1.09%
26	VANGUARD INDEX FDS	922908611	95,589	$15.2M	1.07%
27	VERTICAL CAP INCOME FUND	CCID	1,721,666	$15.0M	1.06%
28	VANGUARD BD INDEX FDS	921937827	179,910	$13.5M	0.95%
29	BARINGS BDC INC	BBDC	1,462,188	$11.9M	0.84%
30	TORTOISE PWR & ENERGY INFRAS	89147X104	922,498	$11.8M	0.83%
31	ISHARES TR	46434G103	237,080	$11.1M	0.78%
32	SPDR S&P 500 ETF TR	SPY	26,880	$10.3M	0.72%
33	ISHARES TR	46434VBG4	403,118	$9.8M	0.69%
34	VANGUARD WORLD FDS	92204A702	30,755	$9.8M	0.69%
35	WISDOMTREE TR	WT	234,092	$9.7M	0.69%
36	ISHARES TR	464288414	85,499	$9.0M	0.64%
37	WISDOMTREE TR	WT	197,994	$8.7M	0.61%
38	TRI-CONTINENTAL CORP	895436103	338,232	$8.7M	0.61%
39	GDL FD	361570104	1,057,047	$8.3M	0.58%
40	NUVEEN MORTGAGE AND INCOME	NU	503,980	$8.2M	0.57%
41	VANGUARD INTL EQUITY INDEX FD	922042858	195,199	$7.6M	0.54%
42	MCDONALDS CORP	MCD	28,863	$7.6M	0.54%
43	NUVEEN INT DUR QUAL MUN TRM	NU	605,035	$7.6M	0.53%
44	BLACKROCK CAP ALLOCATION TR	BLK	497,819	$6.9M	0.49%
45	LADDER CAP CORP	LADR	677,628	$6.8M	0.48%
46	BLACKROCK ESG CAP ALLC TR	BLK	490,085	$6.6M	0.46%
47	NUVEEN REAL ASSET INC & GROW	67074Y105	562,390	$6.6M	0.46%
48	TEMPLETON EMERGING MKTS FD I	880191101	574,084	$6.6M	0.46%
49	ISHARES TR	464287150	75,935	$6.4M	0.45%
50	WESTERN ASSET DIVERSIFIED IN	WDI	490,434	$6.2M	0.44%
51	VANGUARD SCOTTSDALE FDS	92206C870	78,895	$6.1M	0.43%
52	PENNANTPARK INVT CORP	708062104	1,054,467	$6.1M	0.43%
53	FOCUS FINL PARTNERS INC	34417P100	162,675	$6.1M	0.43%
54	KINDER MORGAN INC DEL	EP-PC	315,417	$5.7M	0.40%
55	SPDR SER TR	78464A375	176,916	$5.6M	0.40%
56	CRESCENT CAP BDC INC	225655109	437,672	$5.6M	0.39%
57	DIMENSIONAL ETF TRUST	25434V849	115,543	$5.5M	0.39%
58	ISHARES TR	464287879	59,786	$5.5M	0.38%
59	GOLUB CAP BDC INC	38173M102	393,211	$5.2M	0.36%
60	TCW STRATEGIC INCOME FD INC	872340104	1,096,999	$5.1M	0.36%
61	TPG RE FIN TR INC	TPGXL	721,039	$4.9M	0.34%
62	EQUITY COMWLTH	294628102	189,721	$4.7M	0.33%
63	NUVEEN MUN VALUE FD INC	NU	542,506	$4.7M	0.33%
64	ISHARES TR	46432F388	50,838	$4.6M	0.33%
65	ISHARES TR	464288679	43,167	$4.5M	0.32%
66	BRIGHTSPIRE CAPITAL INC	BRSP	674,807	$4.2M	0.30%
67	ISHARES TR	464288521	82,029	$4.1M	0.29%
68	COCA COLA CO	KO	61,795	$3.9M	0.28%
69	GRANITE PT MTG TR INC	38741L107	719,152	$3.9M	0.27%
70	BRT APARTMENTS CORP	BRT	194,037	$3.8M	0.27%
71	MICROSOFT CORP	MSFT	15,816	$3.8M	0.27%
72	MACQUARIE GLOBAL INFRASTRUCT	55608D101	163,884	$3.7M	0.26%
73	ARES COML REAL ESTATE CORP	04013V108	356,413	$3.7M	0.26%
74	GUGGENHEIM ACTIVE ALLOC FD	40170T106	266,283	$3.6M	0.25%
75	ISHARES TR	46436E718	35,735	$3.6M	0.25%
76	PROSHARES TR II	ZSL	520,000	$3.6M	0.25%
77	EASTERN BANKSHARES INC	EBC	206,000	$3.6M	0.25%
78	ISHARES TR	464288661	30,576	$3.5M	0.25%
79	ISHARES TR	46432F339	29,002	$3.3M	0.23%
80	XYLEM INC	XYL	28,967	$3.2M	0.23%
81	APOLLO GLOBAL MGMT INC	03769M106	50,000	$3.2M	0.22%
82	ISHARES TR	464287622	15,134	$3.2M	0.22%
83	FIRST TR EXCHANGE-TRADED FD	33738D101	117,760	$3.1M	0.22%
84	ABERDEEN EMRG MRKTS EQT INM	AEF	601,943	$3.1M	0.22%
85	CHIPOLTE MEXICAN GRILL INC	CMG	2,224	$3.1M	0.22%
86	FIRST TR HIGH YIELD OPPRT	33741Q107	228,209	$3.1M	0.22%
87	VANGUARD STAR FDS	921909768	58,964	$3.0M	0.21%
88	SPDR S&P MIDCAP 400 ETF TR	MDY	6,701	$3.0M	0.21%
89	PGIM SHORT DUR HIG YLD OPP F	69355J104	201,001	$3.0M	0.21%
90	NERDWALLET INC	NRDS	300,000	$2.9M	0.20%
91	ISHARES GOLD TR	IAU	82,912	$2.9M	0.20%
92	EATON VANCE MUN BD FD	ETN	271,053	$2.8M	0.20%
93	STARBUCKS CORP	SBUX	27,548	$2.7M	0.19%
94	NEUBERGER BERMAN MLP & ENERG	64129H104	409,753	$2.7M	0.19%
95	PROSHARES TR	74347B110	160,000	$2.7M	0.19%
96	FIRST TR SR FLTG RATE INCOME	33733U108	281,188	$2.7M	0.19%
97	BLACKROCK INCOME TR INC	BLK	213,566	$2.6M	0.19%
98	APPLE INC	AAPL	19,998	$2.6M	0.18%
99	MFS INTER INCOME TR	55273C107	924,877	$2.6M	0.18%
100	DIMENSIONAL US SMALL CAP VALUE	25434V815	99,356	$2.5M	0.17%
101	SPDR INDEX SHS FDS	78468R739	51,561	$2.4M	0.17%
102	VANGUARD SCOTTSDALE FDS	92206C409	32,171	$2.4M	0.17%
103	ISHARES TR	464287465	36,469	$2.4M	0.17%
104	CITIGROUP INC	C-PR	49,161	$2.2M	0.16%
105	ISHARES TR	46436E874	91,614	$2.2M	0.15%
106	ISHARES TR	464287614	9,716	$2.1M	0.15%
107	DIMENSIONAL ETF TRUST	25434V872	48,435	$2.0M	0.14%
108	ISHARES TR	46432F834	34,119	$2.0M	0.14%
109	PIMCO ETF TR	72201R205	39,491	$2.0M	0.14%
110	INVESCO EXCH TRADED FD TR II	IVZ	107,720	$1.9M	0.13%
111	GLOBAL X FDS	37954Y483	117,560	$1.9M	0.13%
112	ISHARES TR	46434G822	34,007	$1.9M	0.13%
113	PRINCIPAL REAL ESTATE INCOME	PGZ	176,235	$1.8M	0.13%
114	ABBVIE INC	ABBV	10,901	$1.8M	0.12%
115	EXXON MOBIL CORP	XOM	15,615	$1.7M	0.12%
116	VANGUARD INTL EQUITY INDEX F	922042775	33,520	$1.7M	0.12%
117	NUVEEN MULTI MKT INCOME FD	NU	283,833	$1.7M	0.12%
118	NORTHEAST CMNTY BANCORP INC	664121100	111,100	$1.7M	0.12%
119	CHEVRON CORP NEW	CVX	9,037	$1.6M	0.11%
120	ISHARES TR	464288513	21,636	$1.6M	0.11%
121	PHILIP MORRIS INTL INC	718172109	15,247	$1.5M	0.11%
122	JAPAN SMALLER CAPITALIZATION	JOF	226,273	$1.5M	0.10%
123	ALPINE TOTAL DYNAMIC DIVD	AOD	185,971	$1.5M	0.10%
124	VANGUARD MALVERN FDS	922020805	30,965	$1.4M	0.10%
125	SPDR SER TR	78464A763	11,502	$1.4M	0.10%
126	STANDEX INTL CORP	854231107	13,751	$1.4M	0.10%
127	VANGUARD INDEX FDS	922908629	6,901	$1.4M	0.10%
128	VANGUARD INTL EQUITY INDEX	922042742	16,030	$1.4M	0.10%
129	BLACKROCK FLOATING RATE INC	BLK	125,420	$1.4M	0.10%
130	VANGUARD SCOTTSDALE FDS	92206C730	7,707	$1.3M	0.09%
131	VANGUARD INDEX FDS	922908652	10,012	$1.3M	0.09%
132	WISDOMTREE TR	WT	27,176	$1.3M	0.09%
133	ISHARES TR	46429B366	28,204	$1.3M	0.09%
134	INVESCO EXCH TRADED FD TR II	IVZ	30,140	$1.3M	0.09%
135	NUVEEN CORPORATE INCOME 2023	NU	134,206	$1.2M	0.09%
136	FIRST TR INTER DURATN PFD	33718W103	69,505	$1.2M	0.08%
137	BERKSHIRE HATHAWAY INC DEL	BRK-A	3,685	$1.1M	0.08%
138	DOUBLELINE YIELD OPPORTUNITI	DLY	86,245	$1.1M	0.08%
139	MFS MULTIMARKET INCOME TR	MMT	246,461	$1.1M	0.08%
140	LOEWS CORP	L	18,943	$1.1M	0.08%
141	VANECK ETF TRUST	92189F106	38,609	$1.1M	0.08%
142	ABBOTT LABS	ABLZF	10,013	$1.1M	0.08%
143	ISHARES TR	46434V464	7,766	$1.1M	0.08%
144	S&P GLOBAL INC	SPGI	3,108	$1.0M	0.07%
145	JP MORGAN CHASE & CO	VYLD	7,736	$1.0M	0.07%
146	MERCK & CO INC	MRK	8,857	$982,684	0.07%
147	PIMCO ENRGY TACTICAL CR OPP	PDX	65,134	$973,100	0.07%
148	VANGUARD INDEX FDS	922908751	5,284	$969,815	0.07%
149	COHEN & STEERS TAX ADVAN PFD	19249X108	54,796	$968,246	0.07%
150	VANGUARD INDEX FDS	922908553	11,711	$965,904	0.07%
151	DIMENSIONAL ETF TRUST	25434V500	18,534	$948,033	0.07%
152	BK OF AMERICA CORP	060505104	28,596	$947,089	0.07%
153	INVESCO EXCHANGE TRADED FD	IVZ	11,780	$918,626	0.06%
154	ISHARES TR	464289867	18,872	$890,005	0.06%
155	VANGUARD BD INDEX FDS	92203C303	18,017	$882,833	0.06%
156	VANGUARD MUN BD FDS	922907746	17,740	$877,944	0.06%
157	VOYA GLBL EQTY DIV & PREM OP	92912T100	159,138	$860,935	0.06%
158	BLACKSTONE MTG TR INC	BX	40,582	$859,121	0.06%
159	ISHARES TR	464288257	10,090	$856,408	0.06%
160	JOHN BEAN TECHNOLOGIES CORP	JBTM	9,369	$855,651	0.06%
161	FIRST TR EXCH TRADED FD III	33739E108	50,664	$851,153	0.06%
162	WILLIAMS COS INC	969457100	25,149	$827,397	0.06%
163	JOHNSON & JOHNSON	JNJ	4,561	$805,749	0.06%
164	AUTOMATIC DATA PROCESSING	ADP	3,347	$799,464	0.06%
165	INTERNATIONAL BUSINESS MACH	INTR	5,641	$794,746	0.06%
166	PFIZER INC COM	PFE	14,944	$765,721	0.05%
167	FIRST TR DYNAMIC EUROPE EQUI	33740D107	65,459	$738,380	0.05%
168	SPDR INDEX SHS FDS	78463X541	12,639	$720,668	0.05%
169	SELECT SECTOR SPDR TR	81369Y886	10,150	$715,575	0.05%
170	SCHWAB STRATEGIC TR	808524771	13,269	$709,080	0.05%
171	KKR REAL ESTATE FIN TR	KKRT	50,104	$699,452	0.05%
172	ARES CAPITAL CORP	ARCC	37,612	$694,694	0.05%
173	ISHARES TR	46429B663	6,636	$691,737	0.05%
174	PAYCHEX INC	PAYX	5,653	$653,287	0.05%
175	LILLY ELI & CO	LLY	1,774	$649,000	0.05%
176	ISHARES TR	464288240	14,260	$648,810	0.05%
177	ALPHABET INC	GOOG	66,875	$644,138	0.05%
178	MIDCAP FINANCIAL INVSTMNT CO	03761U502	56,166	$640,292	0.05%
179	AMAZON COM INC	AMZN	7,508	$630,672	0.04%
180	FMC CORP	FMC	4,903	$611,871	0.04%
181	INTEL CORP	INTC	22,785	$601,676	0.04%
182	TENNECO INC	XHLD	4,750	$585,105	0.04%
183	SPDR INDEX SHS FDS	78463X509	17,026	$561,177	0.04%
184	VANGUARD WORLD FDS	92204A504	2,186	$542,183	0.04%
185	GENERAL MOTORS CORP	37045V100	15,860	$533,530	0.04%
186	ISHARES TR	464287234	13,909	$527,133	0.04%
187	ISHARES TR	46436E866	22,358	$520,494	0.04%
188	WALMART INC	WMT	3,668	$520,086	0.04%
189	UNUM GROUP	UNMA	12,550	$514,927	0.04%
190	SPDR GOLD TR	GLD	2,879	$488,466	0.03%
191	ISHARES TR	46435G516	7,305	$480,206	0.03%
192	DIMENSIONAL ETF TRUST	25434V302	21,859	$479,802	0.03%
193	ISHARES TR	46434V621	9,479	$473,969	0.03%
194	CISCO SYS INC	CSCO	9,727	$463,401	0.03%
195	BARCLAYS BANK PLC	VXZ	24,629	$462,014	0.03%
196	VANGUARD SCOTTSDALE FDS	92206C664	6,534	$459,798	0.03%
197	JANUS DETROIT STR TR	47103U845	9,229	$454,621	0.03%
198	WISDOMTREE TR	WT	13,890	$452,675	0.03%
199	HOME DEPOT INC	HD	1,421	$448,837	0.03%
200	EATON VANCE ENHANCED EQTY INCM	ETN	29,890	$446,258	0.03%
201	HARTFORD FINL SVCS GROUP INC	HIG-PG	5,850	$443,606	0.03%
202	UNION PACIFIC CORP	UNP	2,110	$436,918	0.03%
203	AFFILIATED MANAGERS GROUP	MGRE	2,540	$402,412	0.03%
204	PIMCO ETF TR	72201R718	4,260	$401,548	0.03%
205	NSTS BANCORP INC	NSTS	39,500	$400,135	0.03%
206	PUTNAM MUNI OPPORTUNITIES TR	746922103	36,000	$390,600	0.03%
207	PHILLIPS 66	PSX	3,747	$389,988	0.03%
208	LINCOLN NATIONAL CORP	534187109	12,410	$381,235	0.03%
209	PROCTOR AND GAMBLE CO	742718109	2,498	$378,597	0.03%
210	BLACKSTONE SENIOR FLOATNG RTE	BX	30,365	$377,443	0.03%
211	SSGA ACTIVE ETF TR	78467V400	9,749	$366,182	0.03%
212	PIMCO ETF TR	72201R775	4,034	$364,996	0.03%
213	CONOCO PHILLIPS	COP	3,039	$358,602	0.03%
214	DANAHER CORPORATION	235851102	1,312	$348,103	0.02%
215	ISHARES TR	464287655	1,995	$347,848	0.02%
216	SOUTHERN CO	SOMN	4,865	$347,410	0.02%
217	VANGUARD WORLD FDS	92204A876	2,265	$347,360	0.02%
218	NUVEEN NY SELECT TAX FREE PR	NU	28,733	$333,015	0.02%
219	OAKTREE SPECIALTY LENDING CO	OCSL	47,183	$324,147	0.02%
220	ISHARES TR	464287499	4,717	$318,174	0.02%
221	SCHWAB STRATEGIC TR	808524102	6,832	$306,159	0.02%
222	BLACKSTONE INC	BX	4,052	$300,618	0.02%
223	SOUTHSIDE BANCSHARES INC	SBSI	8,250	$296,918	0.02%
224	BLUE FOUNDRY BANCORP	BLFY	22,900	$294,265	0.02%
225	ELLSWORTH GROWTH & INCOME FD	289074106	34,443	$274,855	0.02%
226	INDEPENDENT BANK GROUP INC	INDB	4,428	$266,052	0.02%
227	FLAHERTY & CRUMRINE TOTAL RE	FLC	16,824	$265,651	0.02%
228	ISHARES TR	464288679	2,408	$264,687	0.02%
229	ISHARES TR	464288448	9,675	$262,768	0.02%
230	NUVEEN QUALITY MUNCP INCOME	NU	21,841	$257,729	0.02%
231	LINDE PLC	LIN	767	$250,180	0.02%
232	META PLATFORMS INC	META	2,074	$249,585	0.02%
233	MARATHON PETE CORP	MARA	2,102	$244,652	0.02%
234	WINTRUST FINL CORP	97650W108	2,878	$243,249	0.02%
235	VANECK ETF TRUST	92189H607	800	$243,240	0.02%
236	RAYONIER INC	RYN	7,320	$241,267	0.02%
237	ISHARES TR	46434VAX8	9,390	$235,032	0.02%
238	NUVEEN CR STRATEGIES INCOME	NU	46,130	$234,800	0.02%
239	VANGUARD SPECIALIZED FUNDS	921908844	1,487	$225,825	0.02%
240	DTF TAX-FREE INCOME 2028 TER	DTF	19,550	$213,291	0.02%
241	ISHARES TR	46434V456	6,539	$211,808	0.01%
242	MOTOROLA SOLUTIONS INC	MSI	820	$211,322	0.01%
243	CORTEVA INC	CTVA	3,444	$202,438	0.01%
244	PIMCO ETF TR	72201R627	4,101	$200,047	0.01%
245	MERIDIAN BIOSCIENCE INC	MRDN	6,010	$199,592	0.01%
246	BLACKROCK CREDIT ALLOC TR	BLK	19,327	$195,201	0.01%
247	ABERDEEN GLOBAL DYNAMIC DIV	AGD	19,439	$183,897	0.01%
248	NEW GERMANY FUND	644465106	22,620	$178,470	0.01%
249	EUROPEAN EQUITY FD INC	298768102	22,195	$166,460	0.01%
250	VIATRIS INC	VTRS	14,266	$158,778	0.01%
251	ABERDEEN JAPAN EQUITY FD INC	JEQ	27,697	$146,239	0.01%
252	LIBERTY ALL STAR EQUITY FD	530158104	25,610	$145,977	0.01%
253	ROYCE GLOBAL VALUE TR INC	RGT	14,689	$127,064	0.01%
254	PENNANTPARK FLOATING RATE CA	PFLT	10,806	$118,650	0.01%
255	EATON VANCE TX MGD DIV EQ IN	ETN	10,000	$108,600	0.01%
256	ABSOLUTE SOFTWARE	00386B109	10,244	$106,944	0.01%
257	GENWORTH FINL INC	37247D106	12,000	$63,480	0.00%
258	AEGON N V	AEFC	11,000	$55,440	0.00%
259	SEELOS THERAPEUTICS INC	81577F109	15,000	$10,185	0.00%