13F HOLDINGS REPORT

Relative Value Partners Group, LLC

Quarter ended Q3 2023 · Filed August 11, 2023 · Accession 0001649910-23-000012

Total Value

$1.55B

Positions

241

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (241)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INDEX FDS	922908744	607,904	$86.4M	5.58%
2	ISHARE TR	464287101	410,837	$85.1M	5.50%
3	VANGUARD INDEX FDS	922908769	315,169	$69.4M	4.49%
4	VANGUARD SCOTTSDALE FDS	92206C706	1,120,810	$65.7M	4.25%
5	ISHARES TR	464287200	146,850	$65.5M	4.23%
6	ISHARES TR	464287440	536,676	$51.8M	3.35%
7	WISDOMTREE TR	WT	740,213	$49.3M	3.19%
8	INVESCO EXCHANGE TRADED FD	IVZ	292,653	$47.9M	3.09%
9	ISHARE TR	46429B267	1,840,106	$42.1M	2.72%
10	ISHARES TR	464287408	235,187	$37.9M	2.45%
11	SPDR SER TR	78464A474	1,217,197	$35.8M	2.32%
12	VANGUARD SCOTTSDALE FDS	92206C102	620,506	$35.8M	2.31%
13	SPECIAL OPPORTUNITIES FUND INC	84741T401	1,358,657	$31.1M	2.01%
14	AMERICAN CENTY ETF TR	025072877	388,932	$30.2M	1.95%
15	VANGUARD SCOTTSDALE FDS	92206C771	647,484	$29.8M	1.92%
16	JANUS DETROIT STR TR	47103U845	578,471	$28.8M	1.86%
17	ISHARES TR	46432F842	376,322	$25.4M	1.64%
18	DIMENSIONAL ETF TRUST	25434V807	763,227	$25.1M	1.62%
19	ISHARES TR	464287598	156,420	$24.7M	1.60%
20	ISHARES INC	464288646	464,548	$23.3M	1.51%
21	VANGUARD TAX-MANAGED FDS	921943858	474,826	$21.9M	1.42%
22	VIRTUS DIVIDEND INTEREST & P	NFJ	1,584,438	$19.3M	1.25%
23	ISHARES TR	464287507	73,364	$19.2M	1.24%
24	SPECIAL OPPORTUNITIES FUND INC	84741T104	1,691,718	$19.0M	1.23%
25	VANGUARD INDEX FDS	922908611	105,900	$17.5M	1.13%
26	SABA CAPITAL INC & OPTUNTY FD	78518H202	2,173,328	$16.7M	1.08%
27	ISHARES TR	464287804	167,333	$16.7M	1.08%
28	VERTICAL CAP INCOME FUND	CCID	1,651,801	$16.4M	1.06%
29	BLACKROCK FLOAT RATE INCM	BLK	1,217,521	$14.9M	0.96%
30	VANGUARD WORLD FDS	92204A702	29,194	$12.9M	0.83%
31	ISHARES TR	46434G103	254,670	$12.6M	0.81%
32	TORTOISE PWR & ENERGY INFRAS	89147X104	889,265	$11.7M	0.76%
33	BARINGS BDC INC	BBDC	1,419,558	$11.1M	0.72%
34	WISDOMTREE TR	WT	237,092	$11.0M	0.71%
35	SPDR S&P 500 ETF TR	SPY	23,143	$10.3M	0.66%
36	ISHARES TR	464288414	95,882	$10.2M	0.66%
37	ISHARES TR	464287879	93,709	$8.9M	0.58%
38	VANGUARD BD INDEX FDS	921937827	113,302	$8.6M	0.55%
39	DIMENSIONAL ETF TRUST	25434V781	357,191	$8.4M	0.55%
40	WISDOMTREE TR	WT	179,197	$8.4M	0.54%
41	ISHARES TR	464287150	84,970	$8.3M	0.54%
42	MCDONALDS CORP	MCD	26,956	$8.0M	0.52%
43	FOCUS FINL PARTNERS INC	34417P100	152,196	$8.0M	0.52%
44	NUVEEN MORTGAGE AND INCOME	NU	484,637	$7.8M	0.50%
45	VANGUARD INTL EQUITY INDEX FD	922042858	188,136	$7.7M	0.49%
46	ISHARES TR	46432F388	78,609	$7.4M	0.48%
47	LADDER CAP CORP	LADR	674,859	$7.3M	0.47%
48	GDL FD	361570104	923,599	$7.2M	0.47%
49	ISHARES TR	46434VBG4	291,896	$7.2M	0.46%
50	BLACKROCK ESG CAP ALLC TR	BLK	453,941	$7.1M	0.46%
51	TRI-CONTINENTAL CORP	895436103	249,245	$6.8M	0.44%
52	VANGUARD SCOTTSDALE FDS	92206C870	84,105	$6.6M	0.43%
53	CRESCENT CAP BDC INC	225655109	430,397	$6.5M	0.42%
54	ISHARES TR	46436E718	64,474	$6.5M	0.42%
55	NUVEEN REAL ASSET INC & GROW	67074Y105	517,363	$5.9M	0.38%
56	TEMPLETON EMERGING MKTS FD I	880191101	484,840	$5.7M	0.37%
57	TPG RE FIN TR INC	TPGXL	755,271	$5.6M	0.36%
58	ISHARES TR	464288661	47,868	$5.5M	0.36%
59	ISHARES TR	464288521	104,815	$5.4M	0.35%
60	KINDER MORGAN INC DEL	EP-PC	307,013	$5.3M	0.34%
61	BRIGHTSPIRE CAPITAL INC	BRSP	761,518	$5.1M	0.33%
62	ISHARES TR	464288158	47,149	$4.9M	0.32%
63	CHIPOLTE MEXICAN GRILL INC	CMG	2,179	$4.7M	0.30%
64	GOLUB CAP BDC INC	38173M102	332,906	$4.5M	0.29%
65	DIMENSIONAL ETF TRUST	25434V849	93,734	$4.5M	0.29%
66	FIRST TR SR FLTG RATE INCOME	33733U108	433,841	$4.3M	0.28%
67	APPLE INC	AAPL	21,453	$4.2M	0.27%
68	ARES COML REAL ESTATE CORP	04013V108	404,553	$4.1M	0.27%
69	BLACKSTONE MTG TR INC	BX	193,822	$4.0M	0.26%
70	MICROSOFT CORP	MSFT	11,649	$4.0M	0.26%
71	APOLLO GLOBAL MGMT INC	03769M106	50,000	$3.8M	0.25%
72	SPDR SER TR	78464A375	118,950	$3.8M	0.25%
73	COCA COLA CO	KO	61,526	$3.7M	0.24%
74	ISHARES TR	464287622	15,076	$3.7M	0.24%
75	GUGGENHEIM ACTIVE ALLOC FD	40170T106	249,718	$3.6M	0.23%
76	EQUITY COMWLTH	294628102	176,319	$3.6M	0.23%
77	WESTERN ASSET DIVERSIFIED IN	WDI	253,464	$3.4M	0.22%
78	DIMENSIONAL US SMALL CAP VALUE	25434V815	129,839	$3.3M	0.22%
79	VANGUARD STAR FDS VG	921909768	58,328	$3.3M	0.21%
80	XYLEM INC	XYL	28,967	$3.3M	0.21%
81	ABERDEEN GLOBAL INFRA INCM	00326W106	180,924	$3.2M	0.21%
82	FIRST TR EXCHANGE-TRADED FD	33738D101	118,780	$3.2M	0.21%
83	BLACKROCK CAP ALLOCATION TR	BLK	208,756	$3.2M	0.21%
84	SPDR S&P MIDCAP 400 ETF TR	MDY	6,467	$3.1M	0.20%
85	ISHARES TR	46434V464	19,313	$3.0M	0.20%
86	BRT APARTMENTS CORP	BRT	152,430	$3.0M	0.20%
87	ISHARES GOLD TR	IAU	82,937	$3.0M	0.20%
88	ISHARES TR	464287465	41,313	$3.0M	0.19%
89	GRANITE PT MTG TR INC	38741L107	564,104	$3.0M	0.19%
90	ABERDEEN EMRG MRKTS EQT INM	AEF	553,070	$2.9M	0.19%
91	ISHARES TR	46436E874	118,284	$2.8M	0.18%
92	STARBUCKS CORP	SBUX	27,744	$2.7M	0.18%
93	ISHARES TR	464287614	9,612	$2.6M	0.17%
94	NEUBERGER BERMAN MLP & ENERG	64129H104	368,677	$2.5M	0.16%
95	FIRST TR HIGH YIELD OPPRT	33741Q107	184,312	$2.5M	0.16%
96	PGIM SHORT DUR HIG YLD OPP F	69355J104	168,584	$2.5M	0.16%
97	ISHARES TR	46432F339	18,539	$2.5M	0.16%
98	EASTERN BANKSHARES INC	EBC	201,500	$2.5M	0.16%
99	DIMENSIONAL ETF TRUST	25434V872	57,654	$2.4M	0.16%
100	BONDBLOXX ETF TRUST	09789C861	47,523	$2.4M	0.15%
101	BERKSHIRE HATHAWAY INC DEL	BRK-A	6,754	$2.3M	0.15%
102	ISHARES TR	46432F834	35,815	$2.2M	0.14%
103	ISHARES TR	464288513	29,436	$2.2M	0.14%
104	VANGUARD MALVERN FDS	922020805	46,275	$2.2M	0.14%
105	BLACKROCK INCOME TR INC	BLK	172,228	$2.1M	0.14%
106	INVESCO EXCH TRADED FD TR II	IVZ	105,890	$2.0M	0.13%
107	ISHARES TR	46434G822	31,677	$2.0M	0.13%
108	STANDEX INTL CORP	854231107	13,751	$1.9M	0.13%
109	PIMCO ETF TR	72201R205	38,187	$1.9M	0.12%
110	VANGUARD INTL EQUITY INDEX F	922042775	33,682	$1.8M	0.12%
111	VANGUARD INDEX FDS	922908629	8,259	$1.8M	0.12%
112	PROSHARES TR	74347G432	90,000	$1.7M	0.11%
113	VANGUARD INDEX FDS	922908751	8,303	$1.7M	0.11%
114	VANGUARD SCOTTSDALE FDS	92206C730	7,733	$1.6M	0.10%
115	NORTHEAST CMNTY BANCORP INC	664121100	104,629	$1.6M	0.10%
116	PHILIP MORRIS INTL INC	718172109	15,061	$1.5M	0.09%
117	PRINCIPAL REAL ESTATE INCOME	PGZ	155,088	$1.5M	0.09%
118	WISDOMTREE TR	WT	27,243	$1.4M	0.09%
119	SPDR SER TR	78464A763	11,502	$1.4M	0.09%
120	VANGUARD SCOTTSDALE FDS	92206C409	18,601	$1.4M	0.09%
121	CHEVRON CORP NEW	CVX	8,906	$1.4M	0.09%
122	JAPAN SMALLER CAPITALIZATION	JOF	193,996	$1.4M	0.09%
123	INVESCO EXCH TRADED FD TR II	IVZ	30,442	$1.4M	0.09%
124	BONDBLOXX ETF TRUST	09789C788	26,939	$1.4M	0.09%
125	VANGUARD INDEX FDS	922908652	8,919	$1.3M	0.09%
126	DTF TAX-FREE INCOME 2028 TER	DTF	117,554	$1.3M	0.08%
127	VANGUARD INTL EQUITY INDEX	922042742	12,781	$1.2M	0.08%
128	NUVEEN CORPORATE INCOME 2023	NU	132,518	$1.2M	0.08%
129	MFS INTER INCOME TR	55273C107	450,255	$1.2M	0.08%
130	VANGUARD INDEX FDS	922908553	14,586	$1.2M	0.08%
131	BLACKROCK FLOATING RATE INC	BLK	104,363	$1.2M	0.08%
132	TESLA	TSLA	4,617	$1.2M	0.08%
133	EXXON MOBIL CORP	XOM	11,256	$1.2M	0.08%
134	VANECK ETF TRUST	92189F106	38,609	$1.2M	0.08%
135	ABBVIE INC	ABBV	8,480	$1.1M	0.07%
136	S&P GLOBAL INC	SPGI	2,811	$1.1M	0.07%
137	LOEWS CORP	L	18,742	$1.1M	0.07%
138	DIMENSIONAL ETF TRUST	25434V500	20,218	$1.1M	0.07%
139	NUVEEN MULTI MKT INCOME FD	NU	188,688	$1.1M	0.07%
140	JP MORGAN CHASE & CO	VYLD	7,390	$1.1M	0.07%
141	TCW STRATEGIC INCOME FD INC	872340104	231,685	$1.1M	0.07%
142	JOHN BEAN TECHNOLOGIES CORP	JBTM	8,678	$1.1M	0.07%
143	FIRST TR INTER DURATN PFD	33718W103	65,576	$1.0M	0.07%
144	AMAZON COM INC	AMZN	7,672	$1.0M	0.06%
145	ISHARES TR	464288257	10,326	$990,675	0.06%
146	ISHARES TR	464289867	18,939	$974,431	0.06%
147	MERCK & CO INC	MRK	8,133	$938,467	0.06%
148	COHEN & STEERS TAX ADVAN PFD	19249X108	53,314	$929,270	0.06%
149	INTERNATIONAL BUSINESS MACH	INTR	6,633	$887,556	0.06%
150	SPDR INDEX SHS FDS	78468R739	18,842	$886,507	0.06%
151	VANGUARD BD INDEX FDS	92203C303	18,017	$885,716	0.06%
152	ABBOTT LABS	ABLZF	7,923	$863,781	0.06%
153	FIRST TR EXCH TRADED FD III	33739E108	51,393	$820,751	0.05%
154	ALPHABET INC	GOOG	6,782	$820,375	0.05%
155	WILLIAMS COS INC	969457100	24,824	$810,002	0.05%
156	META PLATFORMS INC	META	2,717	$779,725	0.05%
157	SCHWAB STRATEGIC TR	808524771	13,007	$748,831	0.05%
158	ISHARES TR	464288240	14,974	$737,030	0.05%
159	JOHNSON & JOHNSON	JNJ	4,389	$726,458	0.05%
160	MIDCAP FINANCIAL INVSTMNT CO	03761U502	56,166	$705,445	0.05%
161	AUTOMATIC DATA PROCESSING	ADP	3,200	$703,328	0.05%
162	SPDR INDEX SHS FDS	78463X541	12,732	$686,399	0.04%
163	INVESCO EXCHANGE TRADED FD	IVZ	8,777	$680,633	0.04%
164	ARES CAPITAL CORP	ARCC	35,602	$668,962	0.04%
165	ISHARES TR	46429B663	6,636	$668,842	0.04%
166	SELECT SECTOR SPDR TR	81369Y886	10,150	$664,216	0.04%
167	BK OF AMERICA CORP	060505104	23,142	$663,944	0.04%
168	CITIGROUP INC	C-PR	14,299	$658,326	0.04%
169	ISHARES TR	46435G516	8,965	$653,851	0.04%
170	KKR REAL ESTATE FIN TR	KKRT	52,678	$641,091	0.04%
171	WESTERN ASSET INVT GRADE DEF	95790A101	38,861	$634,212	0.04%
172	UNUM GROUP	UNMA	12,550	$598,635	0.04%
173	EATON VANCE SR FLTNG RTE TR	ETN	49,596	$582,754	0.04%
174	GENERAL MOTORS CORP	37045V100	14,732	$568,066	0.04%
175	ISHARES TR	464287234	14,246	$563,589	0.04%
176	LILLY ELI & CO	LLY	1,186	$556,210	0.04%
177	VANGUARD MUN BD	922907746	10,785	$541,629	0.03%
178	VANGUARD WORLD FDS	92204A504	2,155	$527,515	0.03%
179	DIMENSIONAL ETF TRUST	25434V302	22,485	$527,509	0.03%
180	ISHARES TR	46436E866	22,358	$517,141	0.03%
181	SPDR GOLD TR	GLD	2,881	$513,510	0.03%
182	VANGUARD SCOTTSDALE FDS	92206C664	6,534	$494,101	0.03%
183	ALPHABET INC	GOOG	4,127	$494,002	0.03%
184	ISHARES TR	464287655	2,624	$491,396	0.03%
185	PFIZER INC COM	PFE	13,325	$488,766	0.03%
186	WISDOMTREE TR	WT	13,840	$481,632	0.03%
187	ISHARES TR	46434V621	9,328	$480,697	0.03%
188	EATON VANCE ENHANCED EQTY INCM	ETN	28,890	$476,396	0.03%
189	WALMART INC	WMT	3,029	$476,098	0.03%
190	LINCOLN NATIONAL CORP	534187109	18,108	$466,462	0.03%
191	INTEL CORP	INTC	13,721	$458,837	0.03%
192	PAYCHEX INC	PAYX	4,000	$447,480	0.03%
193	WINTRUST FINL CORP	97650W108	5,971	$433,614	0.03%
194	UNION PACIFIC CORP	UNP	2,100	$429,702	0.03%
195	ALPINE TOTAL DYNAMIC DIVD	AOD	51,215	$423,040	0.03%
196	PROCTOR AND GAMBLE CO	742718109	2,772	$420,633	0.03%
197	HARTFORD FINL SVCS GROUP INC	HIG-PG	5,550	$399,711	0.03%
198	SSGA ACTIVE ETF TR	78467V400	9,856	$394,216	0.03%
199	AFFILIATED MANAGERS GROUP	MGRE	2,540	$380,721	0.02%
200	CISCO SYS INC	CSCO	6,935	$358,824	0.02%
201	PHILLIPS 66	PSX	3,747	$357,389	0.02%
202	NSTS BANCORP INC	NSTS	39,000	$356,460	0.02%
203	EATON VANCE LTD DURATION INC	ETN	37,844	$354,222	0.02%
204	SCHWAB STRATEGIC TR	808524102	6,837	$353,460	0.02%
205	SPDR INDEX SHS FDS	78463X509	10,270	$353,083	0.02%
206	VANGUARD WORLD FDS	92204A876	2,465	$350,449	0.02%
207	ISHARES TR	464287499	4,728	$345,269	0.02%
208	HOME DEPOT INC	HD	1,095	$340,151	0.02%
209	PUTNAM MUNI OPPORTUNITIES TR	746922103	32,000	$326,720	0.02%
210	CONOCO PHILLIPS	COP	3,000	$310,830	0.02%
211	LINDE PLC	LIN	767	$292,288	0.02%
212	VANGUARD SPECIALIZED FUNDS	921908844	1,746	$283,586	0.02%
213	SOUTHERN CO	SOMN	3,960	$278,190	0.02%
214	ELLSWORTH GROWTH & INCOME FD	289074106	32,006	$275,252	0.02%
215	VERIZON COMMUNICATIONS INC	VZ	7,181	$267,064	0.02%
216	VANGUARD INDEX FDS	922908363	646	$263,105	0.02%
217	NVIDIA CORP	NVDA	614	$259,710	0.02%
218	VANECK ETF TRUST	92189H607	900	$258,840	0.02%
219	BARCLAYS BANK PLC	VXZ	12,700	$253,039	0.02%
220	MARATHON PETE CORP	MARA	2,152	$250,923	0.02%
221	DANAHER CORPORATION	235851102	994	$238,469	0.02%
222	RAYONIER INC	RYN	7,320	$229,848	0.01%
223	BLUE FOUNDRY BANCORP	BLFY	22,500	$227,475	0.01%
224	SOUTHSIDE BANCSHARES INC	SBSI	8,250	$215,820	0.01%
225	FMC CORP	FMC	2,012	$209,932	0.01%
226	FIRST TR DYNAMIC EUROPE EQUI	33740D107	12,816	$167,959	0.01%
227	LIBERTY ALL STAR EQUITY FD	530158104	25,610	$165,697	0.01%
228	MFS MULTIMARKET INCOME TR	MMT	32,161	$145,046	0.01%
229	NEW GERMANY FUND	644465106	16,116	$144,723	0.01%
230	ABERDEEN GLOBAL DYNAMIC DIV	AGD	14,719	$140,418	0.01%
231	EUROPEAN EQUITY FD INC	298768102	15,192	$130,804	0.01%
232	ABERDEEN JAPAN EQUITY FD INC	JEQ	20,731	$125,838	0.01%
233	VOYA GLBL EQTY DIV & PREM OP	92912T100	24,390	$125,362	0.01%
234	EATON VANCE TX MGD DIV EQ IN	ETN	10,000	$124,600	0.01%
235	NUVEEN CR STRATEGIES INCOME	NU	24,513	$123,789	0.01%
236	ABSOLUTE SOFTWARE	00386B109	10,336	$118,447	0.01%
237	VIATRIS INC	VTRS	11,282	$112,598	0.01%
238	ROYCE GLOBAL VALUE TR INC	RGT	10,548	$97,461	0.01%
239	GENWORTH FINL INC	37247D106	12,000	$60,000	0.00%
240	AEGON N V	AEFC	11,000	$55,770	0.00%
241	SEELOS THERAPEUTICS INC	81577F109	15,000	$17,925	0.00%