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  Second Quarter 2018 CEF Review
Posted Under: CEFs
Second Quarter 2018 Overview
Following a quarter in which the average closed-end fund (CEF) was lower by 3.80%, many categories posted slight gains during the second quarter of 2018. Indeed, the average CEF was up 0.98% for the second quarter but is lower by 2.91% year-to-date (YTD) as of the end of the second quarter. Equity CEFs were positive on average by 1.14% for the quarter but are still lower 3.87% YTD. Fixed-income CEFs were up on average 0.82%, but are still down 2.40% YTD. Within fixed-income CEFs, taxable fixed-income funds gained an average of 0.55% for the second quarter but remain lower by 0.98% YTD. Municipal CEFs were positive by 1.35% during the second quarter and are down 3.59% YTD. (Source: Morningstar. All data is share price total return.)

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These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
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