Closed-End Fund Performance

Annualized Returns
Since Inception

Annualized returns are NET OF FEES and as of 12/31/17.

Doliver management fees are incurred at the end of the quarter but are deducted from client accounts during the following month after the end of the quarter (January, April, July, and October). Annualized returns are inclusive of dividends, net of fees and calculated by the firm using internal reports deemed to be reliable.  Annual returns for 1999-2017 are audited; YTD return is net of fees and unaudited.  Returns do not reflect the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.  Advisor is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Doliver Capital Advisors believes that the performance shown was generated with an investment philosophy and methodology similar to that described herein, which it would expect to use for the investment of future client portfolios. Results portrayed relate only to client accounts in each program; any additions or withdrawals during the period have been excluded from performance results. Returns for those accounts with additions or withdrawals will vary from performance stated. Furthermore, the performance discussed herein reflects investments for a limited period of time. Past performance is not indicative of future results.