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Income Opportunities Are Open In Closed-End Funds: (EXG) - (TY) - (FAX)
FYI: After a decade of low interest rates, investment income is still difficult to come by. The S&P 500 offers a dividend yield that hovers near 2%. The 10-year U.S. Treasury bond offers investors less than 3% in annual interest.
But closed-end funds can offer juiced investment yields to investors through a number of their structural attributes. In these vehicles, asset classes like tax-free municipal bonds may yield over 5% annually. Taxable bonds and dividend-paying stocks may offer yields over 7%.