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The majority underlying holdings will be comprised of lower-rated securities and unrated securities of equivalent investment quality, which tend to generate the highest yield opportunities.
CEFS shows an annualized distribution yield of 8.37%. The portfolio includes 19 CEF holdings with 73% in fixed-income assets and 27% in equities exposure.
Related: Closed-End Funds vs. ETFs: Why Not Both?
For more information on dividend-paying strategies, visit our dividend ETFs category.