Related: Focused REITs ETFs to Provide Targeted Real Estate Exposure

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.