MSFT - 5 Best CEFs This Month For Nearly 9% Yield (July 2024)

2024-07-27 09:00:00 ET

Summary

• For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns.
• Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone.
• In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

In this monthly article, we try to identify five closed-end funds (“CEFs”) that have a solid historical performance, pay high enough distributions, and offer reasonable valuations at the current time. We also present a more diversified list of the top 10 funds.

Author's Note: This article is part of our monthly series that tries to discover the five best buys in the CEF arena at that point in time. Certain parts of the introduction, definitions, and sections describing selection criteria/process may have some commonality and repetitiveness with our other articles in this series. This is unavoidable and intentional to keep the entire series consistent and easy to follow for new readers. Regular readers who follow the series from month to month could skip the general introduction and sections describing the selection process (please skip to “ Narrowing Down To 50 Funds ”). Also, those who need a detailed introduction to our selection process can read our blog post here.

Please note that these are not recommendations to buy, but should be considered as a starting point for further research. ...

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