Home›ETFs & Funds›Equity Funds›3 closed-end funds target monthly income with 9.3% to…

3 closed-end funds target monthly income with 9.3% to 10.9% yields

The funds highlighted include ETJ, MEGI, and ARDC, each making monthly distributions and carrying risks tied to closed-end fund discounts to NAV and their fixed-share structure.

Reported · Written up by our desk · Equity Funds

MarketBeat Ratings highlights three closed-end funds it says can provide diversified dividend income, positioning them as alternatives to chasing ultra-high yields in individual stocks that may reflect deeper price-value risks. The outlet notes closed-end funds have a fixed share count and can trade at discounts or premiums versus their underlying net asset value, which adds pricing risk for investors. It also emphasizes that, unlike many ETFs, the three funds it lists make monthly distributions to deliver dividend payments on a recurring cadence.

First, Eaton Vance Risk-Managed Diversified Equity Income Fund, ticker ETJ, is described as offering a 9.3% yield and making monthly payments. MarketBeat Ratings says ETJ’s strategy combines traditional stock holdings with out-of-the-money, short-dated put and call options on the S&P 500 index, and that information technology makes up about 39% of the portfolio, with 57 distinct holdings. The outlet also points to an annual fee of 1.12%.

Next, MarketBeat Ratings points to NYLI CBRE Global Infrastructure Megatrends Term Fund, ticker MEGI, citing a 9.9% yield and monthly distributions, and it also references a third fund, ARDC, with the group spanning monthly dividend yields between 9.3% and 10.9%.

Latest closeS&P 500 7,785.76 ▼0.2%

More like this

Sources