{"id":32933,"date":"2023-07-08T03:44:52","date_gmt":"2023-07-08T07:44:52","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/the-month-in-closed-end-funds-june-2023\/"},"modified":"2023-07-08T03:44:54","modified_gmt":"2023-07-08T07:44:54","slug":"the-month-in-closed-end-funds-june-2023","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=32933","title":{"rendered":"The Month In Closed-End Funds: June 2023"},"content":{"rendered":"
\n
<\/picture>
<\/figcaption><\/figure>\n

For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income CEFs chalking up returns in the plus column. The average equity and fixed income CEF posted NAV-based returns of 3.57% and 1.63%, respectively, for June.<\/span><\/p>\n

Lipper\u2019s world equity CEFs macro-group (+4.44%) for the third month in four outpaced or mitigated losses better than its two equity-based brethren: domestic equity CEFs (+3.43%) and mixed-assets CEFs (+3.11%). For the first month in eight, the Natural Resources CEFs classification (+6.29%) moved to the top of the equity leaderboard, followed by Energy MLP CEFs (+6.15%) and Diversified Equity CEFs (+5.10%).<\/p>\n

The world income CEFs macro-group\u2014for the second month in a row\u2014outpaced or mitigated losses better than the other two macro-groups in the fixed income universe, posting a 2.17% gain on average, followed by municipal debt CEFs (+1.65%) and domestic taxable bond CEFs (+1.50%). Investors pushed High Yield CEFs (+2.63%) to the top of the domestic taxable fixed income leaderboard for the first month in six, followed by Loan Participation CEFs (+1.78%) and High Yield (Leveraged) CEFs (+1.72%).<\/span><\/p>\n

For Q2, both equity and fixed income CEFs posted plus-side returns on a NAV basis, rising 2.22% and 1.51%, respectively.<\/p>\n

The median discount of all CEFs narrowed 76 bps to 10.79% for June\u2014wider than the 12-month moving average median discount (9.16%). Equity CEFs\u2019 median discount narrowed by 64 basis points (bps) to 11.92%, while fixed income CEFs\u2019 median discount narrowed by 91 bps to 10.10%.<\/p>\n

In this report, we highlight June 2023 CEF performance trends, premiums and discounts, and corporate actions and events.<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income CEFs chalking up returns in the plus column. The average equity and fixed income CEF posted NAV-based returns of 3.57% and 1.63%, respectively, for June. Lipper\u2019s world […]<\/p>\n","protected":false},"author":1,"featured_media":32934,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-32933","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nThe Month In Closed-End Funds: June 2023 | iFintechWorld<\/title>\n<meta name=\"description\" content=\"For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=32933\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Month In Closed-End Funds: June 2023 | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=32933\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-08T07:44:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-08T07:44:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1688802293_image_1410837234.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32933#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32933\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"The Month In Closed-End Funds: June 2023\",\"datePublished\":\"2023-07-08T07:44:52+00:00\",\"dateModified\":\"2023-07-08T07:44:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32933\"},\"wordCount\":263,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=32933#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32933\",\"url\":\"https:\/\/ifintechworld.com\/?p=32933\",\"name\":\"The Month In Closed-End Funds: June 2023 | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-08T07:44:52+00:00\",\"dateModified\":\"2023-07-08T07:44:54+00:00\",\"description\":\"For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32933#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=32933\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32933#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Month In Closed-End Funds: June 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Month In Closed-End Funds: June 2023 | iFintechWorld","description":"For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=32933","og_locale":"en_US","og_type":"article","og_title":"The Month In Closed-End Funds: June 2023 | iFintechWorld","og_description":"For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income","og_url":"https:\/\/ifintechworld.com\/?p=32933","og_site_name":"iFintechWorld","article_published_time":"2023-07-08T07:44:52+00:00","article_modified_time":"2023-07-08T07:44:54+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1688802293_image_1410837234.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=32933#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=32933"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"The Month In Closed-End Funds: June 2023","datePublished":"2023-07-08T07:44:52+00:00","dateModified":"2023-07-08T07:44:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=32933"},"wordCount":263,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=32933#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=32933","url":"https:\/\/ifintechworld.com\/?p=32933","name":"The Month In Closed-End Funds: June 2023 | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-08T07:44:52+00:00","dateModified":"2023-07-08T07:44:54+00:00","description":"For the month, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with 88% of equity CEFs and 94% of fixed income","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=32933#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=32933"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=32933#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"The Month In Closed-End Funds: June 2023"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32933"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32933\/revisions"}],"predecessor-version":[{"id":32935,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32933\/revisions\/32935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/32934"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}