NHF - The Month In Closed-End Funds: February 2021

• For the fourth month in a row, equity CEFs on average posted positive returns, rising 2.42% on an NAV basis for February.
• While for the first month in 11, fixed income CEFs witnessed losses (-0.52%).
• Nineteen percent of all CEFs traded at a premium to their NAV, with 18% of equity CEFs and 20% of fixed income CEFs trading in premium territory.
• Energy MLP CEFs (+6.91%) for the second month in a row posted the strongest one-month returns of the equity classifications in the CEF universe for February.
• For the first month in seven, the High Yield CEFs (Leveraged) (+1.02%) classification posted the strongest plus-side returns in the fixed income CEF universe for February.

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