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XFLT - The Month In Closed-End Funds: October 2020
XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest
For the second consecutive month, equity CEFs on average posted negative returns, declining 0.41% on a NAV basis for October.
While for the seventh month in a row, fixed income CEFs witnessed returns in the black (+0.03%).
Only 11% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 11% of fixed income CEFs trading in premium territory.
Energy MLP Funds (+3.11%) posted the strongest one-month returns of the equity classifications in the CEF universe for October.
For the second straight month, the domestic taxable bond CEFs (+0.32%) macro-group posted the strongest plus-side returns in the CEF universe for October.