MANAGING MEMBER

0001649910-22-000010.txt : 20220811 0001649910-22-000010.hdr.sgml : 20220811 20220811093449 ACCESSION NUMBER: 0001649910-22-000010 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220630 FILED AS OF DATE: 20220811 DATE AS OF CHANGE: 20220811 EFFECTIVENESS DATE: 20220811 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: 221154074 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 06-30-2022 06-30-2022 Relative Value Partners Group, LLC

1033 SKOKIE BLVD. SUITE 470 NORTHBROOK IL 60062

13F HOLDINGS REPORT 028-16978 N MAURY FERTIG MANAGING MEMBER 847-573-6300 /s/ MAURY FERTIG NORTHBROOK IL 08-11-2022 0 174 1331964 false INFORMATION TABLE 2 rvp13f2q22.xml ABERDEEN EMRG MRKTS EQT INM COM 00301W105 3671 673505 SH SOLE 673505 0 0 ABERDEEN GLOBAL DYNAMIC DIV COM 00302M106 246 24843 SH SOLE 24843 0 0 ABERDEEN JAPAN EQUITY FD INC COM 00306J109 164 27348 SH SOLE 27348 0 0 ABSOLUTE SOFTWARE COM 00386B109 101 10159 SH SOLE 10159 0 0 ALPINE TOTAL DYNAMIC DIVD COM SH BEN INT 00326L100 2719 324474 SH SOLE 324474 0 0 APOLLO INVT CORP COM NEW 03761U502 675 51666 SH SOLE 51666 0 0 APPLE INC COM 037833100 3129 18922 SH SOLE 18922 0 0 APPOLLO GLOBAL MGNT INC COM 03769M106 2892 50274 SH SOLE 50274 0 0 ARES ACQUISITION CORP COM CL A G33032106 592 59826 SH SOLE 59826 0 0 ARES CAPITAL CORP COM 04010L103 2600 130394 SH SOLE 130394 0 0 ARES COML REAL ESTATE CORP COM 04013V108 3579 267901 SH SOLE 267901 0 0 BARCLAYS BANK PLC IPATH SELCT MLP 06742C723 434 23937 SH SOLE 23937 0 0 BARINGS BDC INC COM 06759L103 14046 1413119 SH SOLE 1413119 0 0 BK OF AMERICA CORP COM 060505104 1036 30511 SH SOLE 30511 0 0 BLACKROCK CAP ALLOCATION TR COM 09260U109 1241 79988 SH SOLE 79988 0 0 BLACKROCK CREDIT ALLOC TR COM 092508100 846 74528 SH SOLE 74528 0 0 BLACKROCK ESG CAP ALLC TR SHS BEN INT 09262F100 1269 82891 SH SOLE 82891 0 0 BLACKROCK FLOAT RATE INCM COM 09255X100 6956 557837 SH SOLE 557837 0 0 BLACKROCK MUNI COM 09253X102 681 54135 SH SOLE 54135 0 0 BLUE FOUNDRY BANCORP COM 09549B104 314 27100 SH SOLE 27100 0 0 BRIGHTSPIRE CAPITAL INC COM CL A 10949T109 5814 663723 SH SOLE 663723 0 0 BRT APARTMENTS CORP COM 055645303 4100 185788 SH SOLE 185788 0 0 CHICAGO ATLANTIC REAL ESTATE COM 167239102 724 47287 SH SOLE 47287 0 0 CITIGROUP INC COM 172967424 2622 50764 SH SOLE 50764 0 0 COCA COLA CO COM 191216100 1918 30256 SH SOLE 30256 0 0 COHEN & STEERS TAX ADVAN PFD COM 19249X108 1390 68316 SH SOLE 68316 0 0 DIMENSIONAL ETF TRUST EMGR CRE EQT MNG 25434V302 448 19415 SH SOLE 19415 0 0 DIMENSIONAL ETF TRUST INTERNATNAL VAL 25434V807 7453 254018 SH SOLE 254018 0 0 DIMENSIONAL US SMALL CAP VALUE US SMALL CAP ETF 25434V815 1337 54049 SH SOLE 54049 0 0 DOUBLELINE YIELD OPPORTUNITI COM 25862D105 1478 96724 SH SOLE 96724 0 0 DTF TAX-FREE INCOME 2028 TER COM 23334J107 240 19550 SH SOLE 19550 0 0 EASTERN BANKSHARES INC COM 27627N105 4196 206000 SH SOLE 206000 0 0 EATON VANCE ENHANCED EQTY INCM COM 278274105 496 29890 SH SOLE 29890 0 0 EATON VANCE FLOATING RATE 2022 COM 27831H100 1427 166176 SH SOLE 166176 0 0 EATON VANCE MUN BD FD COM 27827X101 7310 660915 SH SOLE 660915 0 0 EATON VANCE TX MGD DIV EQ IN COM 27828N102 127 10000 SH SOLE 10000 0 0 ELLSWORTH GROWTH & INCOME FD COM 289074106 343 35853 SH SOLE 35853 0 0 EQUITY COMWLTH COM SH BEN INT 294628102 4896 182975 SH SOLE 182975 0 0 EUROPEAN EQUITY FD INC COM 298768102 170 22195 SH SOLE 22195 0 0 FIRST TR EXCH TRADED FD III PFD SECS INC ETF 33739E108 910 50096 SH SOLE 50096 0 0 FIRST TR EXCHANGE-TRADED FD NO AMER ENERGY 33738D101 3182 116934 SH SOLE 116934 0 0 FIRST TR HIGH YIELD OPPRT COM 33741Q107 693 44312 SH SOLE 44312 0 0 FOCUS FINL PARTNERS INC COM CL A 34417P100 7020 166380 SH SOLE 166380 0 0 GDL FUND COM SH BEN IT 361570104 9100 1097703 SH SOLE 1097703 0 0 GENERAL MOTORS CORP COM 37045V100 644 17895 SH SOLE 17895 0 0 GENWORTH FINL INC COM CL A 37247D106 51 12000 SH SOLE 12000 0 0 GLOBAL X FDS NASDAQ 100 COVER 37954Y483 2463 133337 SH SOLE 133337 0 0 GOLDMAN SACHS PHYSICAL GOLD UNIT 38150K103 519 29475 SH SOLE 29475 0 0 GOLUB CAP BDC INC COM 38173M102 4434 312668 SH SOLE 312668 0 0 GRANITE PT MTG TR INC COM 38741L107 6165 596792 SH SOLE 596792 0 0 HAMILTON LANE ALLIANCE HLDGS COM CL A 40749M103 960 97284 SH SOLE 97284 0 0 INTEL CORP COM 458140100 801 22628 SH SOLE 22628 0 0 INVESCO EXCH TRADED FD TR II FTSE RAFI EMNG 46138E727 1904 106090 SH SOLE 106090 0 0 INVESCO EXCH TRADED FD TR II FTSE RAFI DEV 46138E743 1217 29980 SH SOLE 29980 0 0 INVESCO EXCHANGE TRADED FD FTSE RAFI 1000 46137V613 45808 291216 SH SOLE 291216 0 0 ISHARES GOLD TR ISHARES NEW 464285204 2361 70097 SH SOLE 70097 0 0 ISHARES INC ISHS 1-5YR INVS 464288646 23160 455642 SH SOLE 455642 0 0 ISHARES TR 0-3 MNTH TREASRY 46436E718 9536 95308 SH SOLE 95308 0 0 ISHARES TR 3-7 YR TREAS BD 464288661 37851 316404 SH SOLE 316404 0 0 ISHARES TR BARCLAYS 7 10 YR 464287440 49188 474875 SH SOLE 474875 0 0 ISHARES TR NATIONAL MUN ETF 464288414 29359 272247 SH SOLE 272247 0 0 ISHARES TR CORE MSCI EAFE 46432F842 21264 346368 SH SOLE 346368 0 0 ISHARES TR CORE MSCI EMKT 46434G103 10465 213043 SH SOLE 213043 0 0 ISHARES TR CORE MSCI INTL 46435G326 460 8219 SH SOLE 8219 0 0 ISHARES TR CORE S&P TTL STK 464287150 6022 65353 SH SOLE 65353 0 0 ISHARES TR CRE U S REIT ETF 464288521 4290 75163 SH SOLE 75163 0 0 ISHARES TR GRWT ALLOCAT ETF 464289867 933 18693 SH SOLE 18693 0 0 ISHARES TR IBONDS DEC23 ETF 46434VAX8 1991 79470 SH SOLE 79470 0 0 ISHARES TR MSCI JPN ETF NEW 46434G822 1876 33923 SH SOLE 33923 0 0 ISHARES TR USA QUALITY FCTR 46432F339 3797 31042 SH SOLE 31042 0 0 ISHARES TR EDGE MSCI USA VL 46432F388 3857 40480 SH SOLE 40480 0 0 ISHARES TR RUS 1000 VAL ETF 464287598 11214 72727 SH SOLE 72727 0 0 ISHARES TR S&P 500 INDEX 464287200 43156 103843 SH SOLE 103843 0 0 ISHARES TR S&P 500 VAL ETF 464287408 35215 243133 SH SOLE 243133 0 0 ISHARES TR CORE S&P MCP ETF 464287507 11784 47126 SH SOLE 47126 0 0 ISHARES TR SP SMCP600VL ETF 464287879 20311 211348 SH SOLE 211348 0 0 ISHARES TR CORE S&P SCP ETF 464287804 12677 124747 SH SOLE 124747 0 0 ISHARES TR PFD AND INCM SEC 464288687 1192 34081 SH SOLE 34081 0 0 ISHARES TR SHRT NAT MUN ETF 464288158 3625 34484 SH SOLE 34484 0 0 ISHARES TR RUS 1000 ETF 464287622 3161 13832 SH SOLE 13832 0 0 ISHARES TR S&P 100 ETF 464287101 88325 466562 SH SOLE 466562 0 0 ISHARES TR CMBS ETF 46429B366 1893 39397 SH SOLE 39397 0 0 ISHARES TR IBONDS DEC22 ETF 46434VBA7 885 35418 SH SOLE 35418 0 0 ISHARES TR MSCI ACWI EX US 464288240 634 13747 SH SOLE 13747 0 0 ISHARES TR MSCI EAFE ETF 464287465 1918 29507 SH SOLE 29507 0 0 ISHARES TR US TREAS BD ETF 46429B267 15762 656592 SH SOLE 656592 0 0 ISHARES U S ETF TR BLACKROCK ST MAT 46431W507 13368 271463 SH SOLE 271463 0 0 JAPAN SMALLER CAPITALIZATION COM 47109U104 1525 235763 SH SOLE 235763 0 0 KINDER MORGAN INC DEL COM 49456B101 5442 311512 SH SOLE 311512 0 0 KKR REAL ESTATE FIN TR INC COM 48251k100 1854 96273 SH SOLE 96273 0 0 LADDER CAP CORP CL A 505743104 7579 663079 SH SOLE 663079 0 0 LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 209 31173 SH SOLE 31173 0 0 LINCOLN NATL CORP IND COM 534187109 584 12720 SH SOLE 12720 0 0 LOEWS CORP COM 540424108 1046 18980 SH SOLE 18980 0 0 MACQUARIE GLOBAL INFRASTRUCT COM 55608D101 4010 162482 SH SOLE 162482 0 0 MCDONALDS CORP COM 580135101 6842 26395 SH SOLE 26395 0 0 MFS CHARTER INCOME TR SH BEN INT 552727109 607 88913 SH SOLE 88913 0 0 MFS INTER INCOME TR SH BEN INT 55273C107 1313 442162 SH SOLE 442162 0 0 MICROSOFT CORP COM 594918104 4512 15949 SH SOLE 15949 0 0 NEUBERGER BERMAN MLP & ENERG COM 64129H104 2809 419898 SH SOLE 419898 0 0 NEW GERMANY FUND COM 644465106 197 22620 SH SOLE 22620 0 0 NORTHEAST CMNTY BANCORP INC COM 664121100 1504 118390 SH SOLE 118390 0 0 NSTS BANCORP INC COM 6293JP109 393 35753 SH SOLE 35753 0 0 NUVEEN CR STRATEGIES INCOME COM SHS 67073D102 320 57821 SH SOLE 57821 0 0 NUVEEN INT DUR QUAL MUN TRM COM 670677103 8153 615303 SH SOLE 615303 0 0 NUVEEN MORTGAGE AND INCOME COM 670735109 8664 511161 SH SOLE 511161 0 0 NUVEEN MULTI ASSET INCOME FD COM 670750108 2337 165245 SH SOLE 165245 0 0 NUVEEN MULTI MKT INCOME FD COM 67075J107 1879 292280 SH SOLE 292280 0 0 NUVEEN MUN VALUE FD INC COM 670928100 5155 563388 SH SOLE 563388 0 0 NUVEEN NY SELECT TAX FREE PR SH BEN INT 67063V104 401 33316 SH SOLE 33316 0 0 NUVEEN QUALITY MUNCP INCOME COM 67066V101 373 28659 SH SOLE 28659 0 0 NUVEEN REAL ASSET INC & GROW COM 67074Y105 7958 574136 SH SOLE 574136 0 0 OAKTREE SPECIALTY LENDING CO COM 67401P108 7345 1038851 SH SOLE 1038851 0 0 PENNANTPARK FLOATING RATE CA COM 70806A106 152 11806 SH SOLE 11806 0 0 PENNANTPARK INVT CORP COM 708062104 6709 1040080 SH SOLE 1040080 0 0 PFIZER INC COM COM 717081103 778 15795 SH SOLE 15795 0 0 PGIM SHORT DUR HIG YLD OPP F COM 69355J104 3390 212377 SH SOLE 212377 0 0 PIMCO ENRGY TACTICAL CR OPP COM SHS BEN INT 69346N107 2147 149928 SH SOLE 149928 0 0 PIMCO ETF TR ENHAN SHRT MA AC 72201R833 5252 53019 SH SOLE 53019 0 0 PRINCIPAL REAL ESTATE INCOME SHS BEN INT 74255X104 2304 174409 SH SOLE 174409 0 0 PUTNAM MUNI OPPORTUNITIES TR SH BEN INT 746922103 507 41000 SH SOLE 41000 0 0 RAYONIER INC COM 754907103 267 7320 SH SOLE 7320 0 0 ROYCE GLOBAL VALUE TR INC COM 78081T104 142 14506 SH SOLE 14506 0 0 SABA CAPITAL INC & OPTUNTY FD SHS NEW 78518H202 18331 2161637 SH SOLE 2161637 0 0 SPDR INDEX SHS FDS PORTFOLIO EMG MK 78463X509 589 17026 SH SOLE 17026 0 0 SPDR INDEX SHS FDS S&P EM MKT DIV 78463X533 5208 204629 SH SOLE 204629 0 0 SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 663 12518 SH SOLE 12518 0 0 SPDR INDEX SHS FDS NUVEEN BLMBRG SH 78468R739 2963 62110 SH SOLE 62110 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 8821 21334 SH SOLE 21334 0 0 SPDR SER TR PORTFOLIO INTRMD 78464A375 26396 799628 SH SOLE 799628 0 0 SPDR SER TR PORTFOLIO SHORT 78464A474 40330 1353825 SH SOLE 1353825 0 0 SPDR SER TR S&P DIVID ETF 78464A763 1449 11502 SH SOLE 11502 0 0 SPECIAL OPPORTUNITIES FUND INC 2-75% CNV PFD C 84741T401 33606 1405500 SH SOLE 1405500 0 0 SPECIAL OPPORTUNITIES FUND INC COM 84741T104 24780 1897384 SH SOLE 1897384 0 0 STANDEX INTL CORP COM 854231107 1320 13782 SH SOLE 13782 0 0 STARBUCKS CORP COM 855244109 2509 29267 SH SOLE 29267 0 0 TCW SPECIAL PURPOSE ACQU COR COM CL A 87301L106 1169 119066 SH SOLE 119066 0 0 TCW STRATEGIC INCOME FD INC COM 872340104 6560 1317226 SH SOLE 1317226 0 0 TEMPLETON EMERGING MKTS FD I COM 880191101 7520 608421 SH SOLE 608421 0 0 TENNECO INC CL A VTG COM STK 880349105 249 13250 SH SOLE 13250 0 0 TORTOISE PWR & ENERGY INFRAS COM 89147X104 13955 1046134 SH SOLE 1046134 0 0 TPG RE FIN TR INC COM 87266M107 6391 632773 SH SOLE 632773 0 0 TRI-CONTINENTAL CORP COM 895436103 10291 362859 SH SOLE 362859 0 0 UNUM GROUP COM 91529Y106 457 12725 SH SOLE 12725 0 0 VANECK ETF TRUST GOLD MINERS ETF 92189F106 1011 38461 SH SOLE 38461 0 0 VANGUARD BD INDEX FDS SHORT TRM BOND 921937827 14741 191871 SH SOLE 191871 0 0 VANGUARD BD INDEX FDS VANGUARD ULTRA 92203C303 886 18017 SH SOLE 18017 0 0 VANGUARD INDEX FDS EXTEND MKT ETF 922908652 1458 9856 SH SOLE 9856 0 0 VANGUARD INDEX FDS SM CP VAL ETF 922908611 14146 86548 SH SOLE 86548 0 0 VANGUARD INDEX FDS TOTAL STK MKT 922908769 64687 311475 SH SOLE 311475 0 0 VANGUARD INDEX FDS VALUE ETF 922908744 73983 538059 SH SOLE 538059 0 0 VANGUARD INTL EQUITY INDEX TT WRLD ST ETF 922042742 1217 13318 SH SOLE 13318 0 0 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 1474 28765 SH SOLE 28765 0 0 VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 922042858 2937 70982 SH SOLE 70982 0 0 VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2760 55432 SH SOLE 55432 0 0 VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 3521 69347 SH SOLE 69347 0 0 VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 3762 45956 SH SOLE 45956 0 0 VANGUARD SCOTTSDALE FDS INTER TERM TREAS 92206C706 4298 70013 SH SOLE 70013 0 0 VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 28267 481802 SH SOLE 481802 0 0 VANGUARD STAR FDS VG TL INTL STK FD 921909768 2214 41750 SH SOLE 41750 0 0 VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 16576 390029 SH SOLE 390029 0 0 VANGUARD WORLD FDS INF TECH ETF 92204A702 12282 32415 SH SOLE 32415 0 0 VERTICAL CAP INCOME FUND SHS BEN INT 92535C104 16191 1714342 SH SOLE 1714342 0 0 VIATRIS INC COM 92556V106 131 13465 SH SOLE 13465 0 0 VIRTUS DIVIDEND INTEREST & P COM 92840R101 24582 1886579 SH SOLE 1886579 0 0 VOYA GLBL EQTY DIV & PREM OP COM 92912T100 1722 311346 SH SOLE 311346 0 0 WESTERN ASSET DIVERSIFIED IN COM SHS BEN 95790K109 7405 510676 SH SOLE 510676 0 0 WILLIAMS COS INC COM 969457100 995 30897 SH SOLE 30897 0 0 WISDOMTREE TR INDIA ERNGS FD 97717W422 446 13890 SH SOLE 13890 0 0 WISDOMTREE TR EMG MKTS SMCAP 97717W281 4063 90746 SH SOLE 90746 0 0 WISDOMTREE TR US LARGECAP FUND 97717W588 10500 237549 SH SOLE 237549 0 0 WISDOMTREE TR US MIDCAP FUND 97717W570 1357 27077 SH SOLE 27077 0 0 WISDOMTREE TR US QTLY DIV GRT 97717X669 45055 739583 SH SOLE 739583 0 0