0001649910-21-000008.txt : 20210512 0001649910-21-000008.hdr.sgml : 20210512 20210512141857 ACCESSION NUMBER: 0001649910-21-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210512 DATE AS OF CHANGE: 20210512 EFFECTIVENESS DATE: 20210512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Relative Value Partners Group, LLC CENTRAL INDEX KEY: 0001649910 IRS NUMBER: 474067697 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-16978 FILM NUMBER: 21914674 BUSINESS ADDRESS: BUSINESS PHONE: 847-513-6300 MAIL ADDRESS: STREET 1: 1033 SKOKIE BLVD. STREET 2: SUITE 470 CITY: NORTHBROOK STATE: IL ZIP: 60062 13F-HR 1 primary_doc.xml 13F-HR LIVE false false true 0001649910 XXXXXXXX 03-31-2021 03-31-2021 Relative Value Partners Group, LLC

1033 SKOKIE BLVD. SUITE 470 NORTHBROOK IL 60062

13F HOLDINGS REPORT 028-16978 N MAURY FERTIG 847-513-6300 /s/ MAURY FERTIG NORTHBROOK IL 05-12-2021 0 199 1170226 false INFORMATION TABLE 2 rvp13f1q2021.xml ABBOTT LABS COM 002824100 886 7396 SH SOLE 7396 0 0 ABBVIE INC COM 00287Y109 856 7908 SH SOLE 7908 0 0 ABERDEEN EMRG MRKTS EQT INM COM 00301W105 7901 913450 SH SOLE 913450 0 0 ABERDEEN GLOBAL DYNAMIC DIVID COM 00302M106 495 44461 SH SOLE 44461 0 0 ABERDEEN JAPAN EQUITY FD INC COM 00306J109 293 32514 SH SOLE 32514 0 0 ABERDEEN TOTAL DYNAMIC DIVD COM SH BEN INT 00326L100 3602 377939 SH SOLE 377939 0 0 ACCEL ENTERTAINMENT INC COM CL A1 00436Q106 1490 136314 SH SOLE 136314 0 0 AEGON N V NY REGISTRY SHS 007924103 47 10000 SH SOLE 10000 0 0 AFFILIATED MANAGERS GROUP COM 008252108 379 2540 SH SOLE 2540 0 0 ALASKA COMMUNICATIONS SYS GR COM 01167P101 260 80000 SH SOLE 80000 0 0 ALTRIA GROUP INC COM 02209S103 513 9861 SH SOLE 9861 0 0 APPLE INC COM 037833100 916 7497 SH SOLE 7497 0 0 ARES CAPITAL CORP COM 04010L103 5902 315434 SH SOLE 315434 0 0 ARES COML REAL ESTATE CORP COM 04013V108 4175 296737 SH SOLE 296737 0 0 AUTOMATIC DATA PROCESSING INC COM 053015103 606 3200 SH SOLE 3200 0 0 BARCLAYS BANK PLC IPATH SELCT MLP 06742C723 306 22349 SH SOLE 22349 0 0 BARINGS BDC INC COM 06759L103 14723 1475238 SH SOLE 1475238 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 464 1818 SH SOLE 1818 0 0 BK OF AMERICA CORP COM 060505104 806 20827 SH SOLE 20827 0 0 BLACKROCK ENHANCED EQTY DIV COM 09251A104 728 76997 SH SOLE 76997 0 0 BLACKROCK FLOAT RATE INCM COM 09255X100 21897 1684392 SH SOLE 1684392 0 0 BLACKROCK FLOATING RATE INCO COM 091941104 2004 160229 SH SOLE 160229 0 0 BLACKROCK MUNI INTER DR FD INC COM 09253X102 262 17357 SH SOLE 17357 0 0 BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 3374 235278 SH SOLE 235278 0 0 BLACKSTONE MTG TR INC COM CL A 09257W100 2807 88770 SH SOLE 88770 0 0 BRT APARTMENTS CORP COM 055645303 2889 169426 SH SOLE 169426 0 0 CHEMBIO DIAGNOSTICS INC COM NEW 163572209 49 13991 SH SOLE 13991 0 0 CHEVRON CORP NEW COM 166764100 821 7837 SH SOLE 7837 0 0 CISCO SYS INC COM 17275R102 491 9500 SH SOLE 9500 0 0 CITIGROUP INC COM 172967424 660 9075 SH SOLE 9075 0 0 CLOROX CO DEL COM 189054109 656 3400 SH SOLE 3400 0 0 COHEN & STEERS MLP INCOME & COM SHS 19249B106 1146 358150 SH SOLE 358150 0 0 COLONY CR REAL ESTATE INC COM CL A 19625T101 3784 439002 SH SOLE 439002 0 0 CSX CORP COM 126408103 825 8553 SH SOLE 8553 0 0 DENTSPLY SIRONA INC COM 24906P109 911 14250 SH SOLE 14250 0 0 DOUBLELINE YIELD OPPORTUNTY COM 25862D105 2487 129915 SH SOLE 129915 0 0 EASTERN BANKSHARES INC COM 27627N105 3983 206500 SH SOLE 206500 0 0 EATON VANCE 2021 TARGET TRM COM SHS BEN INT 27829W101 2558 260256 SH SOLE 260256 0 0 EATON VANCE ENHANCED EQTY INCM COM 278274105 469 27890 SH SOLE 27890 0 0 EATON VANCE FLTING RATE INC COM SHS BEN INT 278284104 2426 149048 SH SOLE 149048 0 0 EATON VANCE FLTING RATE INC COM 278279104 3624 257020 SH SOLE 257020 0 0 EATON VANCE LTD DUR INCOME COM 27828H105 33785 2674999 SH SOLE 2674999 0 0 EATON VANCE MUN BD FD COM 27827X101 20367 1531324 SH SOLE 1531324 0 0 EATON VANCE SHORT DUR DIV IN COM 27828V104 18062 1372530 SH SOLE 1372530 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 128 10000 SH SOLE 10000 0 0 ELLSWORTH GROWTH & INCOME FD COM 289074106 395 29216 SH SOLE 29216 0 0 EQUITY COMWLTH COM SH BEN INT 294628102 3300 118708 SH SOLE 118708 0 0 EQUITY RESIDENTIAL SH BEN INT 29476L107 2883 39907 SH SOLE 39907 0 0 EUROPEAN EQUITY FD INC COM 298768102 283 26532 SH SOLE 26532 0 0 FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 651 28546 SH SOLE 28546 0 0 FIRST TR SR FLG RTE INCM FD COM 33733U108 11205 913981 SH SOLE 913981 0 0 FIRST TR SR FLOATING RATE 2022 COM SHS 33740K101 3726 395958 SH SOLE 395958 0 0 FIRST TRUST SPECIALTY FINANC COM BEN INTR 33733G109 899 225308 SH SOLE 225308 0 0 FOCUS FINL PARTNERS INC COM CL A 34417P100 3799 91289 SH SOLE 91289 0 0 GDL FUND COM SH BEN IT 361570104 9546 1068950 SH SOLE 1068950 0 0 GENERAL MOTORS CORP COM 37045V100 691 12030 SH SOLE 12030 0 0 GENWORTH FINL INC COM CL A 37247D106 40 12000 SH SOLE 12000 0 0 GLOBAL X FDS NASDAQ 100 COVER 37954Y483 916 40576 SH SOLE 40576 0 0 GOLUB CAP BDC INC COM 38173M102 3724 254716 SH SOLE 254716 0 0 GRANITE PT MTG TR INC COM 38741L107 4635 387196 SH SOLE 387196 0 0 GUGGENHEIM ENHANCED EQUITY COM 40167B100 2982 413309 SH SOLE 413309 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 352 5250 SH SOLE 5250 0 0 IHS MARKIT LTD SHS G47567105 828 8560 SH SOLE 8560 0 0 INTEL CORP COM 458140100 1171 18301 SH SOLE 18301 0 0 INTERNATIONAL BUSINESS MACHS COM 459200101 204 1532 SH SOLE 1532 0 0 INVESCO EXCH TRADED FD TR II FTSE RAFI EMNG 46138E727 522 23201 SH SOLE 23201 0 0 INVESCO EXCH TRADED FD TR II FTSE RAFI DEV 46138E743 282 6105 SH SOLE 6105 0 0 INVESCO EXCHANGE TRADED FD FTSE RAFI 1000 46137V613 42404 279583 SH SOLE 279583 0 0 INVESCO SR INCOME TR COM 46131H107 94 22350 SH SOLE 22350 0 0 ISHARES GOLD TR ISHARES 464285105 1669 102665 SH SOLE 102665 0 0 ISHARES INC MSCI JPN ETF NEW 46434G822 582 8499 SH SOLE 8499 0 0 ISHARES SILVER TR ISHARES 46428Q109 229 10100 SH SOLE 10100 0 0 ISHARES TR 1-3 YR TREAS BD 464287457 454 5264 SH SOLE 5264 0 0 ISHARES TR 3-7 YR TREAS BD 464288661 5529 42569 SH SOLE 42569 0 0 ISHARES TR BARCLAYS 7-10 YR 464287440 12591 111494 SH SOLE 111494 0 0 ISHARES TR NATIONAL MUN ETF 464288414 219 1884 SH SOLE 1884 0 0 ISHARES TR CMBS ETF 46429B366 25323 470159 SH SOLE 470159 0 0 ISHARES TR CORE MSCI EAFE 46432F842 4654 64588 SH SOLE 64588 0 0 ISHARES TR CORE MSCI EMKT 46434G103 5446 84622 SH SOLE 84622 0 0 ISHARES TR CRE U S REIT ETF 464288521 1043 19911 SH SOLE 19911 0 0 ISHARES TR IBONDS DEC21 ETF 46434VBK5 1024 41215 SH SOLE 41215 0 0 ISHARES TR MSCI EAFE ETF 464287465 1056 13915 SH SOLE 13915 0 0 ISHARES TR INTL QLTY FACTOR 46434V456 321 8810 SH SOLE 8810 0 0 ISHARES TR USA QUALITY FCTR 46432F339 4484 36822 SH SOLE 36822 0 0 ISHARES TR EDGE MSCI USA VL 46432F388 1896 18504 SH SOLE 18504 0 0 ISHARES TR RUS 1000 VAL ETF 464287598 5118 33773 SH SOLE 33773 0 0 ISHARES TR RUSSELL 2000 ETF 464287655 441 1995 SH SOLE 1995 0 0 ISHARES TR S&P 500 INDEX 464287200 9382 23583 SH SOLE 23583 0 0 ISHARES TR S&P 500 VAL ETF 464287408 31048 219825 SH SOLE 219825 0 0 ISHARES TR S&P MIDCAP FUND 464287507 2370 9105 SH SOLE 9105 0 0 ISHARES TR SP SMCP600VL ETF 464287879 1518 15064 SH SOLE 15064 0 0 ISHARES TR PFD AND INCM SEC 464288687 621 16172 SH SOLE 16172 0 0 ISHARES TR SHORT TREAS BD 464288679 474 4291 SH SOLE 4291 0 0 ISHARES TR US TREAS BD ETF 46429B267 31311 1195534 SH SOLE 1195534 0 0 ISHARES TR 0-3 MNTH TREASRY 46436E718 26804 267994 SH SOLE 267994 0 0 ISHARES TR IBONDS DEC22 ETF 46434VBA7 17400 683419 SH SOLE 683419 0 0 ISHARES TR INTL SEL DIV ETF 464288448 291 9235 SH SOLE 9235 0 0 ISHARES TR RUS 1000 GRW ETF 464287614 2020 8310 SH SOLE 8310 0 0 ISHARES TR S&P 100 ETF 464287101 77321 429969 SH SOLE 429969 0 0 J P MORGAN EXCHANGE-TRADED FD ULTRA SHT MUNCPL 46641G654 255 5000 SH SOLE 5000 0 0 JOHNSON & JOHNSON COM 478160104 411 2503 SH SOLE 2503 0 0 JPMORGAN CHASE & CO COM 46625H100 410 2693 SH SOLE 2693 0 0 KELLOGG CO COM 487836108 250 3950 SH SOLE 3950 0 0 KINDER MORGAN INC DEL COM 49456B101 3098 186087 SH SOLE 186087 0 0 L BRANDS INC COM 501797104 286 4620 SH SOLE 4620 0 0 LADDER CAP CORP CL A 505743104 7178 598135 SH SOLE 598135 0 0 LAZARD GLBL TOTAL RETURN COM 52106W103 272 14155 SH SOLE 14155 0 0 LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 402 52644 SH SOLE 52644 0 0 LILLY ELI & CO COM 532457108 209 1119 SH SOLE 1119 0 0 LINCOLN NATL CORP IND COM 534187109 534 8572 SH SOLE 8572 0 0 LOEWS CORP COM 540424108 951 18541 SH SOLE 18541 0 0 MACQUARIE GLOBAL INFRASTRUCT COM 55608D101 294 13439 SH SOLE 13439 0 0 MERCK & CO INC COM 58933Y105 632 8133 SH SOLE 8133 0 0 MFA FINL INC COM 55272X102 2636 636039 SH SOLE 636039 0 0 MFS GOVT MKTS INCOME TR SH BEN INT 552939100 4015 912570 SH SOLE 912570 0 0 MFS INTER INCOME TR SH BEN INT 55273C107 6370 1712485 SH SOLE 1712485 0 0 MICROSOFT CORP COM 594918104 1740 7379 SH SOLE 7379 0 0 MONDELEZ INTL INC CL A 609207105 283 4810 SH SOLE 4810 0 0 MONMOUTH REAL ESTATE CL A 609720107 1745 98668 SH SOLE 98668 0 0 NEW GERMANY FUND COM 644465106 447 22587 SH SOLE 22587 0 0 NUVEEN CORPOATE INCM NOVEM COM 67077N106 6970 742681 SH SOLE 742681 0 0 NUVEEN CR STRATEGIES INCOME COM SHS 67073D102 2699 410805 SH SOLE 410805 0 0 NUVEEN INT DUR QUAL MUN TRM COM 670677103 12072 821298 SH SOLE 821298 0 0 NUVEEN MORTGAGE AND INCOME COM 670735109 10203 490040 SH SOLE 490040 0 0 NUVEEN MULTI MKT INCOME FD COM 67075J107 1836 251736 SH SOLE 251736 0 0 NUVEEN NEW YORK MUN VALUE FD COM 670706100 161 10956 SH SOLE 10956 0 0 NUVEEN NY SELECT TAX FREE PR SH BEN INT 67063V104 750 51574 SH SOLE 51574 0 0 NUVEEN QUALITY MUNCP INCOME COM 67066V101 8893 585099 SH SOLE 585099 0 0 NUVEEN REAL ASSET INC & GROW COM 67074Y105 11498 776056 SH SOLE 776056 0 0 NUVEEN S&P 500 BUY-WRITE INC COM 6706ER101 2659 190633 SH SOLE 190633 0 0 NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 467 43613 SH SOLE 43613 0 0 NUVEEN SR INCOME FD COM 67067Y104 113 20000 SH SOLE 20000 0 0 OAKTREE STRATEGIC INCOME COR COM 67402D104 6810 1098313 SH SOLE 1098313 0 0 PAYCHEX INC COM 704326107 392 4000 SH SOLE 4000 0 0 PENNANTPARK FLOATING RATE CA COM 70806A106 3612 301602 SH SOLE 301602 0 0 PENNANTPARK INVT CORP COM 708062104 235 40744 SH SOLE 40744 0 0 PFIZER INC COM COM 717081103 409 11288 SH SOLE 11288 0 0 PHILIP MORRIS INTL INC COM 718172109 693 7707 SH SOLE 7707 0 0 PHILLIPS 66 COM 718546104 282 3463 SH SOLE 3463 0 0 PIMCO ETF TR ENHAN SHRT MA AC 72201R833 46756 458796 SH SOLE 458796 0 0 PPG INDS INC COM 693506107 361 2400 SH SOLE 2400 0 0 PUTNAM MUNI OPPORTUNITIES TR SH BEN INT 746922103 552 41000 SH SOLE 41000 0 0 ROYCE GLOBAL VALUE TR INC COM 78081T104 234 16491 SH SOLE 16491 0 0 SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 592 9250 SH SOLE 9250 0 0 SOUTHSIDE BANCSHARE INC COM 84470P109 278 7225 SH SOLE 7225 0 0 SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 745 17026 SH SOLE 17026 0 0 SPDR INDEX SHS FDS S&P EM MKT DIV 78463X533 4659 155198 SH SOLE 155198 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 1204 3027 SH SOLE 3027 0 0 SPDR SER TR NUVEEN BRC MUNIC 78468R721 2442 47273 SH SOLE 47273 0 0 SPDR SER TR NUVEEN BLMBRG SR 78468R739 2324 46895 SH SOLE 46895 0 0 SPDR SER TR PORTFOLIO AGRGTE 78464A649 523 17626 SH SOLE 17626 0 0 SPDR SER TR PORTFOLIO INTRMD 78464A375 31768 876349 SH SOLE 876349 0 0 SPDR SER TR PORTFOLIO SHORT 78464A474 44927 1434897 SH SOLE 1434897 0 0 SPDR SER TR S&P BIOTECH 78464A870 248 1831 SH SOLE 1831 0 0 SPDR SER TR S&P DIVID ETF 78464A763 1299 11002 SH SOLE 11002 0 0 SPECIAL OPPORTUNITIES FUND INC COM 84741T104 26086 1779408 SH SOLE 1779408 0 0 STANLEY BLACK & DECKER INC COM 854502101 439 2200 SH SOLE 2200 0 0 TCW STRATEGIC INCOME FD INC COM 872340104 1595 277649 SH SOLE 277649 0 0 TEMPLETON EMERGING MKTS FD I COM 880191101 13724 718344 SH SOLE 718344 0 0 TORTOISE PWR & ENERGY INFRAS COM 89147X104 10335 854858 SH SOLE 854858 0 0 TPG RE FIN TR INC COM 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922042676 9978 178946 SH SOLE 178946 0 0 VANGUARD INTL EQUITY INDEX TT WRLD ST ETF 922042742 503 5165 SH SOLE 5165 0 0 VANGUARD MALVERN FDS STRM INFPROIDX 922020805 950 18435 SH SOLE 18435 0 0 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 219 4014 SH SOLE 4014 0 0 VANGUARD SCOTTSDALE FDS VNG RUS1000IDX 92206C730 1879 10147 SH SOLE 10147 0 0 VANGUARD SCOTTSDALE FDS VNG RUS2000IDX 92206C664 391 2194 SH SOLE 2194 0 0 VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 305 4956 SH SOLE 4956 0 0 VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 17588 358131 SH SOLE 358131 0 0 VANGUARD WORLD FDS INF TECH ETF 92204A702 13780 38438 SH SOLE 38438 0 0 VANGUARD WORLD FDS UTILITIES ETF 92204A876 304 2165 SH SOLE 2165 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 348 5983 SH SOLE 5983 0 0 VERTICAL CAP INCOME FUND SHS BEN INT 92535C104 18998 1844495 SH SOLE 1844495 0 0 VIRTUS DIVIDEND INTEREST & P COM 92840R101 33202 2409430 SH SOLE 2409430 0 0 VOYA GLBL EQTY DIV & PREM OP COM 92912T100 4736 830843 SH SOLE 830843 0 0 VOYA PRIME RATE TR SH BEN INT 92913A100 22927 4941121 SH SOLE 4941121 0 0 WADDELL & REED FINL INC CL A 930059100 2560 102181 SH SOLE 102181 0 0 WALMART INC COM 931142103 292 2150 SH SOLE 2150 0 0 WESTERN ASST INFLTN LKD INM COM SH BEN INT 95766Q106 7590 593412 SH SOLE 593412 0 0 WESTERN UN CO COM 959802109 296 12000 SH SOLE 12000 0 0 WILLIAMS COS INC COM 969457100 569 24000 SH SOLE 24000 0 0 WISDOMTREE TR INDIA ERNGS FD 97717W422 405 12840 SH SOLE 12840 0 0 WISDOMTREE TR JP SMALLCP DIV 97717W836 232 3044 SH SOLE 3044 0 0 WISDOMTREE TR US LARGECAP FUND 97717W588 9343 215514 SH SOLE 215514 0 0 WISDOMTREE TR US MIDCAP FUND 97717W570 330 6484 SH SOLE 6484 0 0 WISDOMTREE TR US QTLY DIV GRT 97717X669 41925 733080 SH SOLE 733080 0 0