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Lipper: The Month In Closed-End Funds: January 2016
FYI: For the third consecutive month equity CEFs and fixed income CEFs on average suffered downside performance on a NAV basis (-5.86% and -0.03%, respectively) for January, while for the second month in a row equity CEFs posted a negative return on a market basis (-6.69%) and fixed income CEFs (+0.15%) posted a plus-side market-based return. Regards, Ted http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2016/02/FMIR-US-CE-M-20160131-TR-JT.pdf
Despite the municipal bond CEFs dominance during the month, only one of the five top-performing individual CEFs in the fixed income universe was housed in Lipper’s General Municipal Bond CEFs macro-classification. At the top of the group was MFS Intermediate High Income Fund (NYSE: CIF, housed in the High Yield [Leveraged] CEFs classification), returning 5.04% and traded at a 12.75 discount on January 29. CIF was followed by DoubleLine Funds: DoubleLine Opportunistic Credit Fund (NYSE: DBL, warehoused in the General Bond CEFs classification), returning 3.07% and traded at a 7.94% discount at month end.
NO, DBL traded at a premium at month-end, as it has been for quite awhile, and that premium is now over 10%.
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