SPY - PKO: An Impressive Global 8.6% Yielding CEF

• One of the biggest struggles for retirees today is generating any significant degree of income off of the assets in their portfolio.
• PKO invests in fixed-income securities from around the world to provide investors with a high level of income.
• The fund is substantially overweighted to the United States, which could pose a risk if and when interest rates eventually start to rise.
• The fund boasts an 8.61% distribution yield that appears to be sustainable.
• The fund trades at a premium to NAV, but it is a smaller premium than what it usually has.

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