Investors seeking high dividend yields may consider closed-end funds, which offer significant monthly payouts while diversifying firm-specific risks. Prominent options include the Eaton Vance Risk-Managed Diversified Equity Income Fund (NYSE: ETJ), yielding 9.3%, and the NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI), boasting a 9.9% yield. The latter fund’s portfolio emphasizes utilities and infrastructure companies, while ETJ utilizes a combination of stock investments and S&P 500 options.
Additionally, the Ares Dynamic Credit Allocation Fund (NYSE: ARDC) features the highest yield on the list at 10.9%, focusing on high-yield bonds and derivatives, though it carries substantial risks. Each fund imposes fees, with ETJ charging 1.12% and MEGI at 1.44%, factors investors should carefully weigh against potential returns.
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