XFLT - The Month In Closed-End Funds: September 2020

October, 06 2020 03:02 PM XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest

For the first month in six, equity CEFs on average posted negative returns, declining 2.56% on a NAV basis for September.
While for the sixth month running, fixed income CEFs witnessed returns in the black (+0.02%).
Only 12% of all CEFs traded at a premium to their NAV, with 11% of equity CEFs and 14% of fixed income CEFs trading in premium territory.
Real Estate Funds (-0.46%) mitigated losses better than the other equity classifications in the CEF universe for September.
The domestic taxable bond CEFs (+0.30%) macro-group posted the strongest plus-side returns in the CEF universe for September.

For further details see:

Company Name:	XAI Octagon Floating Rate & Alternative Income Term Trust of Beneficial Interest
Stock Symbol:	XFLT
Market:	NYSE
Website:	xainvestments.com