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High-Yield Closed-End Funds Post Market Beating Results For Last 12 Months

Published Wed, 17 Apr 2013 16:28:05 -0400 on Seeking Alpha

Over the last year investing in high-yield, taxable closed-end funds has generally paid of with better than market average performance. The combination of a 7% or greater dividend yield and share price gains rewarded a lot of investors with returns in the high teens up to over 40%. My Methodology I use a spreadsheet to track 115 taxable closed-end funds that sport dividend yields greater than 6% and had more than about $200 million in assets when I put the spreadsheet together. The funds are divided into 12 categories - 6 equity, 5 debt and 1 multi-sector. I use the adjusted close share price from Yahoo Finance to calculate a total return from a selected date through the most recent trading day. Yahoo defines Adjusted Close as: "Close price adjusted for dividends and splits." The spreadsheet calculates a total return using the difference between the historic adjusted return and the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GABELLI GLOBAL GOLD NAT RES & INC TRUST 4.44   0.0 0.00 0.00 13.48
GABELLI EQUITY TRUST 6.14   0.0 0.00 0.64 10.41
H&Q HEALTHCARE INVESTORS 18.84   0.0 0.00 1.82 9.71
PIMCO INCOME STRATEGY FUND II 10.42   0.0 0.00 0.00 9.17
PIONEER HIGH INCOME TRUST 9.29   0.0 0.00 0.00 8.72
EATON VANCE TAX-ADV GLOBAL DIVIDEND OPP FUND 25.20   0.0 0.00 0.00 8.60
PIMCO CORPORATE OPPORTUNITY FUND 18.05   0.0 0.00 1.69 8.59
ALPINE TOTAL DYN DIVIDEND 8.33   0.0 0.00 0.00 8.33
GABELLI UTILITY TRUST 7.20   0.0 0.00 0.00 8.26
KAYNE ANDERSON MIDSTREAM/ENERGY FUND 10.86   0.0 0.00 0.00 8.23
ALPINE GLOBAL DYN DIVIDEND 9.75   0.0 0.00 0.00 8.04
ALPINE GLOBAL PREMIER PROPERTIES FUND 6.15   0.0 0.00 0.00 7.95
BLACKROCK DEBT STRATEGIES FUND 10.78   0.0 0.00 0.00 7.63
MORGAN STANLEY EMERGING MARKETS FUND 16.58   0.0 0.00 0.00 7.25
COHEN & STEERS INFRA FUND 27.26   0.0 0.00 0.00 6.88
ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND 11.78   0.0 0.00 0.00 6.68
GABELLI DIVIDEND & INCOME TRUST 21.71   0.0 0.00 0.00 6.11
JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND 27.21   0.0 0.00 0.00 6.08

GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN
GABELLI GLOBAL GOLD NAT RES & INC TRUST - GGN  


Older articles featuring Gabelli Global Gold Nat Res & Inc Trust (GGN):
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
Gold Mining Stocks Broaden Their Appeal - With Dividends
BCX: A 7.8%-Yielding CEF With Diversified Exposure To Commodities
Closed-End Funds: 12 Funds In The 10%+ Yield Club At A Discount
The Fed's Decision May Yield A Surprise
Using BCX's 7+% Yield, To Hedge Against Inflation In Your Income Portfolio

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