NMCO - The Month In Closed-End Funds: June 2021

• For the eighth month in a row, equity CEFs on average posted positive returns, rising 1.34% on a NAV basis for June.
• While for the fourth month running fixed income CEFs posted plus-side returns (+0.85%).
• Thirty-two percent of all CEFs traded at a premium to their NAV, with 31% of equity CEFs and 33% of fixed income CEFs trading in premium territory.
• Energy MLP CEFs (+4.82%) for the third month in a row posted the strongest one-month returns of the equity classifications in the CEF universe for June.
• For the first month in 15, the Corporate Debt BBB-Rated CEFs (+1.43%) classification posted the strongest plus-side returns in the taxable fixed income CEF universe for June.

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