Closed-End Funds vs. ETFs: Why Not Both?

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.

Top holdings include Morgan Stanley Emerging Markets Debt Fund Inc 8.33%, WESTERN ASSET HIGH INC FD II 8.19%, PGIM SHORT DURATION HIGH YIELD 7.34%, NUVEEN CREDIT STRAT INC 7.28% and WESTERN ASSET GLOBAL HIGH IN 6.86%.

Financial advisors who are interested in learning more about closed-end funds can register for the Thursday, July 12 webcast here.