Everand Logo

Welcome to Everand!

  • Kiplinger

    4 Closed-End Funds with Sky-High Yields

    by Ryan Ermey, Staff Writer, Kiplinger's Personal Finance Feb 01, 2018 2 minutes

    With robust yields and share prices trading at a discount to the value of their investment portfolios, these four closed-end funds are worth exploring now. For more about how closed-end funds work (and can add juicy payouts to your portfolio), check out Earn Up to 9% With These Funds

    Ares Dynamic Credit Allocation Fund

    Ares Dynamic Credit, $16) holds a mix of floating-rate loans, relatively risky junk bonds and other types of debt. The fund's 31% leverage would exacerbate losses in the case of a junk-bond sell-off. But a thriving economy lessens the risk of junk issuers defaulting, and floating-rate loans, which make up the lion's share of the portfolio, should benefit as interest rates rise because these notes are pegged to short-term benchmarks that reset every 30 to 90 days.

    You’re reading a preview, subscribe to read more.

    More from Kiplinger

    Kiplinger5 min read
    As the Market Falls, New Retirees Need a Plan
    Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the
    Kiplinger2 min read
    Tax-Savvy Charitable Giving With QCDs Can Benefit Both Giver and Receiver
    Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that. What approach is efficient, provides the tax benefits you’re after, and also is advantageous for the chari
    Kiplinger3 min read
    I’ve Inherited a Lot of Money. Now What?
    It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie

    Related Books & Audiobooks