- For the second month in three, equity CEFs on average witnessed positive returns, rising 0.73% on a NAV basis for May.
- While for the fifth consecutive month, fixed income CEFs posted returns in the red (-0.40%).
- Only 20% of all CEFs traded at a premium to their NAV at month end, with 24% of equity CEFs and 16% of fixed income CEFs trading in premium territory.
- Natural Resources CEFs (+8.98%) outpaced the other classifications in the equity CEF universe for May.
- For the first month in five, the municipal debt CEFs macro-group posted a plus-side return (+2.00%, on average), with all nine classifications experiencing positive performance.
For further details see:
The Month In Closed-End Funds: May 2022