Categories
Our own generic classification, assigned by rules from each fund’s name and refined by its reported portfolio (a “U.S.” fund holding over 40% non-U.S. assets is flagged international). Assignments are reviewable; empty categories are not shown. Averages are unweighted across verified funds in the category.
Equity
| Category | Funds | Avg prem/disc | Avg TTM yield | Total net assets |
|---|---|---|---|---|
| U.S. Equity Closed-end funds that invest mainly in U.S.-listed common stocks. | 70 | -10.05% | 10.66% | $61.5B |
| International Equity Equity funds with mandates focused outside the United States, including regional and single-country funds. | 18 | -11.22% | 9.04% | $5.2B |
| Global Equity Equity funds with worldwide mandates that may include the United States. | 14 | -11.37% | 9.19% | $10B |
| Covered Call / Option Income Equity funds that write call options on part of the portfolio to generate distributable premium. | 9 | -9.76% | 8.80% | $10.8B |
Taxable fixed income
| Category | Funds | Avg prem/disc | Avg TTM yield | Total net assets |
|---|---|---|---|---|
| Taxable Bonds Multi-sector and general taxable fixed-income funds. | 46 | -8.90% | 13.93% | $34.9B |
| High Yield Below-investment-grade corporate credit funds. | 19 | -10.95% | 11.85% | $10.2B |
| Investment Grade Funds focused on investment-grade corporate and government bonds. | 9 | -6.97% | 7.11% | $5.1B |
| Senior Loans Floating-rate senior secured loan funds. | 9 | -9.90% | 11.25% | $5.9B |
| Preferred Securities Funds investing in preferred and hybrid securities. | 13 | -9.34% | 9.64% | $14.3B |
| Convertible Securities Funds investing in convertible bonds and preferreds. | 9 | -3.10% | 11.14% | $6.8B |
| Mortgage & Structured Credit Funds investing in mortgage-backed securities, CLOs and other securitized credit. | 4 | -10.24% | 9.11% | $287M |
Municipal
| Category | Funds | Avg prem/disc | Avg TTM yield | Total net assets |
|---|---|---|---|---|
| Municipal Bonds Funds investing in tax-exempt municipal securities, national or single-state. | 62 | -4.25% | 7.12% | $56.1B |
Sector & specialty
| Category | Funds | Avg prem/disc | Avg TTM yield | Total net assets |
|---|---|---|---|---|
| Real Estate Funds investing in REITs and real-estate operating companies. | 8 | -10.26% | 10.61% | $2.5B |
| Infrastructure Funds investing in listed infrastructure companies. | 5 | -2.17% | 11.16% | $6.4B |
| Utilities Funds concentrated in utility companies. | 5 | +16.48% | 8.36% | $6.5B |
| Technology Funds concentrated in technology and science companies. | 6 | -6.53% | 9.09% | $6.4B |
| Healthcare Funds concentrated in healthcare, biotechnology and life sciences. | 7 | -4.94% | 10.15% | $5.7B |
| Energy & Natural Resources Funds investing in energy companies, MLPs, midstream and natural resources operating companies (not direct commodity holders). | 11 | -8.32% | 9.24% | $11.1B |
Multi-asset
| Category | Funds | Avg prem/disc | Avg TTM yield | Total net assets |
|---|---|---|---|---|
| Multi-Asset Funds that allocate across equities, credit and other asset classes. | 41 | -8.64% | 12.10% | $34.3B |