Home › Discounts & premiums Discounts and premiums to NAV A discount means the shares cost less than the assets behind them; a premium means more. This page shows where every fund sits today and how unusual that is for it.
Premium/discount = (price ÷ NAV − 1) × 100, contemporaneous close vs NAV, for the 297 verified funds with a NAV within 7 days of Oct 13, 2026. Unweighted universe average: -7.79% . A discount is a description of price relative to assets, not a promise that it will close. Why discounts exist · methodology .
Distribution across the universe Bucket Funds Share Bar Discount > 15% 17 5.7%
Discount 10–15% 114 38.4%
Discount 5–10% 86 29.0%
Discount 0–5% 60 20.2%
Premium 0–5% 13 4.4%
Premium 5–15% 4 1.3%
Premium > 15% 3 1.0%
# Fund Prem/disc Price vs. assets ? 1y avg 1y avg price vs. assets ? Z (1y) 1 ☆ HGLB Highland Global Allocation Fund 38.66% discount -31.40% -1.64 2 ☆ FSSL FS Specialty Lending Fund 35.39% discount -36.28% — 3 ☆ CCIF Carlyle Credit Income Fund 29.97% discount -2.02% -4.11 4 ☆ SWZ Total Return Securities Fund 21.66% discount -17.04% -1.50 5 ☆ GDL GDL Fund 21.28% discount -20.86% -0.55 6 ☆ ASA ASA Gold & Precious Metals 20.58% discount -12.30% -1.19 7 ☆ MXE Mexico Equity & Income Fund 19.42% discount -18.01% -1.29 8 ☆ PCF High Income Securities Fund 17.75% discount -13.35% -2.34 9 ☆ RGT Royce Global Trust 17.65% discount -14.93% -1.74 10 ☆ SABA Saba Capital Income & Opportunities Fund II 17.22% discount -13.00% -2.71
# Fund Prem/disc Price vs. assets ? 1y avg 1y avg price vs. assets ? Z (1y) 1 ☆ GUT Gabelli Utility Trust 101.75% premium +97.64% +0.36 2 ☆ GGT Gabelli Multimedia Trust 16.28% premium +10.63% +2.06 3 ☆ RCS PIMCO Strategic Income Fund 15.97% premium +24.31% -0.69 4 ☆ VPV Invesco Pennsylvania Value Municipal Income Trust 14.73% premium +1.11% +2.83 5 ☆ BHV BlackRock Virginia Municipal Bond Trust 13.25% premium +1.57% +1.22 6 ☆ DNP DNP Select Income Fund 7.90% premium +7.08% +0.23 7 ☆ CCD Calamos Dynamic Convertible & Income Fund 7.13% premium +1.67% +2.25 8 ☆ MIY BlackRock MuniYield Michigan Quality Fund 4.67% premium -2.08% +1.75 9 ☆ CHI Calamos Convertible Opportunities & Income Fund 4.34% premium +2.15% +0.81 10 ☆ CLM Cornerstone Strategic Investment Fund 4.09% premium +16.39% -1.72
Most unusual: wide vs. own history (lowest 1y Z) # Fund Prem/disc Price vs. assets ? 1y avg 1y avg price vs. assets ? Z (1y) 1 ☆ CCIF Carlyle Credit Income Fund 29.97% discount -2.02% -4.11 2 ☆ DSU BlackRock Debt Strategies Fund 6.50% discount -0.19% -3.40 3 ☆ HPS John Hancock Preferred Income Fund III 6.93% discount +3.14% -3.34 4 ☆ HPF John Hancock Preferred Income Fund II 6.10% discount +2.39% -3.30 5 ☆ FPF First Trust Intermediate Duration Preferred & Income Fund 10.92% discount -5.98% -3.25 6 ☆ KIO KKR Income Opportunities Fund 12.08% discount -7.12% -3.17 7 ☆ ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund 12.14% discount -9.03% -3.10 8 ☆ NAC Nuveen California Quality Municipal Income Fund 2.81% discount +1.94% -3.01 9 ☆ JGH Nuveen Global High Income Fund 12.62% discount -8.24% -3.01 10 ☆ PTA Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund 12.06% discount -7.31% -2.98
Most unusual: narrow vs. own history (highest 1y Z) # Fund Prem/disc Price vs. assets ? 1y avg 1y avg price vs. assets ? Z (1y) 1 ☆ MIN Aberdeen Intermediate Income Fund 7.86% discount -81.98% +5.76 2 ☆ MGF Aberdeen Government Markets Income Fund 7.80% discount -78.86% +5.66 3 ☆ DHY UBS Asset Management High Yield Credit Fund 13.37% discount -86.39% +4.09 4 ☆ CEV Eaton Vance California Municipal Income Trust 3.78% premium -5.91% +3.33 5 ☆ HQL abrdn Life Sciences Investors 3.36% discount -9.21% +3.07 6 ☆ VPV Invesco Pennsylvania Value Municipal Income Trust 14.73% premium +1.11% +2.83 7 ☆ CCD Calamos Dynamic Convertible & Income Fund 7.13% premium +1.67% +2.25 8 ☆ GGT Gabelli Multimedia Trust 16.28% premium +10.63% +2.06 9 ☆ MIY BlackRock MuniYield Michigan Quality Fund 4.67% premium -2.08% +1.75 10 ☆ QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund 3.25% discount -6.62% +1.43