XYLG - SPXX: S&P 500 Covered Call CEF Strong 7.6% Yield Good 9.2% Discount
2024-03-11 10:02:15 ET
Summary
- Covered call funds offer investors strong distribution yields, albeit lower potential capital gains.
- SPXX is a simple S&P 500 covered call CEF overwriting 50% of its portfolio, and with a 7.6% yield.
- It trades with a 9.2% discount, a key advantage relative to peers.
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SPXX: S&P 500 Covered Call CEF, Strong 7.6% Yield, Good 9.2% Discount