What are the highest paying closed-end funds?
Guggenheim Strategic Opportunities Fund (GOF, 16.2% distribution rate) is the highest-yielding fixed-income CEF on this list, at a hair over 16%, which is downright luxurious.
Guggenheim Strategic Opportunities Fund (GOF, 16.2% distribution rate) is the highest-yielding fixed-income CEF on this list, at a hair over 16%, which is downright luxurious.
Ticker | Name | 5-year return (%) |
---|---|---|
PBFDX | Payson Total Return | 16.30% |
SSAQX | State Street US Core Equity Fund | 16.20% |
CORRX | Columbia Contrarian Core Adv | 15.89% |
FGRTX | Fidelity Mega Cap Stock | 15.73% |
Fixed-income investors are often attracted to closed-end funds because many provide a steady stream of income, usually on a monthly or quarterly basis as opposed to the biannual payments provided by individual bonds.
Scheme Name | Expense Ratio | 1Y Return |
---|---|---|
Kotak Bond Fund | 0.64% | 8.86% p.a. |
Edelweiss CRISIL IBX 50:50 Gilt Plus SDL April 2037 Index Fund | 0.2% | 8.75% p.a. |
Kotak Medium Term Fund | 0.63% | 8.72% p.a. |
BHARAT Bond ETF FOF - April 2033 | 0.06% | 8.62% p.a. |
Symbol | Name | Dividend Yield |
---|---|---|
AAPB | GraniteShares 2x Long AAPL Daily ETF | 20.21% |
NVDS | AXS 1.25X NVDA Bear Daily ETF | 19.98% |
TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 19.70% |
JEPY | Defiance S&P 500 Enhanced Options Income ETF | 19.51% |
Mutual Fund | Expense Ratio | 30-day SEC Yield |
---|---|---|
JPMorgan Equity Premium Income Fund (ticker: JEPAX) | 0.85% | 7.4% |
Vanguard Wellesley Income Fund Investor Shares (VWINX) | 0.23% | 4.7% |
Fidelity Investment Grade Bond Fund (FBNDX) | 0.45% | 5.5% |
Fidelity Total Bond Fund (FTBFX) | 0.45% | 5.9% |
- AGNC Investment – 14.8% AGNC. ...
- Oxford Square Capital – 13.7% OXSQ. ...
- Ellington Residential Mortgage REIT – 13.2% EARN. ...
- SLR Investment – 11.5% SLRC. ...
- PennantPark Floating Rate Capital – 10% PFLT. ...
- Main Street Capital – 7% MAIN. ...
- Gladstone Investment – 6.9% GAIN. ...
- Pembina Pipeline – 5.4% PBA. Pembina Pipeline Corp.
Stock | Market capitalization | Dividend yield |
---|---|---|
Dynex Capital Inc. (DX) | $726 million | 12.2% |
Horizon Technology Finance Corp. (HRZN) | $454 million | 9.7% |
Permian Basin Royalty Trust (PBT) | $660 million | 4.2% |
Pennant Park Floating Rate Capital Ltd. (PFLT) | $713 million | 10% |
One of the most profitable hedge funds of all times, Citadel generated $16 billion in profits for its investors in 2022, and earned $65.9 billion in net gains since 1990, making it the top-earning hedge fund ever.
What pays the highest return on investment?
The U.S. stock market is considered to offer the highest investment returns over time. Higher returns, however, come with higher risk. Stock prices typically are more volatile than bond prices. Stock prices over shorter time periods are more volatile than stock prices over longer time periods.
Rank | Symbol | Fund Name |
---|---|---|
1 | VSMPX | Vanguard Total Stock Market Index Fund;Institutional Plus |
2 | FXAIX | Fidelity 500 Index Fund |
3 | VFIAX | Vanguard 500 Index Fund;Admiral |
4 | VTSAX | Vanguard Total Stock Market Index Fund;Admiral |
A closed-end fund's liquidity depends on investor supply and demand, so it can be less liquid than an open-end fund. These funds are also subject to increased volatility because shares can trade above or below their NAV. Another potential drawback is that many closed-end funds use leverage.
Investing in closed-end funds involves risk, principal loss is possible. Closed-end fund shares may frequently trade at a discount or premium to their net asset value.
Because closed-end funds are often actively managed by an investment manager who is trying to beat the market, they may charge higher fees, making them less attractive to investors. Closed-end funds frequently use leverage — borrowing money to fund their asset purchases — to increase returns.
Reliance Hybrid Bond Fund
This is another hybrid debt-oriented fund, which is considered as one of the best monthly income plans for regular returns. In the last 5 years, Reliance Hybrid Bond Fund has generated a return of 9.84%. The investors can easily invest in this scheme with a minimum investment of Rs.
- DSP Strategic Bond Fund. 7.92%
- ICICI Prudential All Seasons Bond Fund. 7.58%
- Quantum Dynamic Bond Fund. 7.22%
- SBI Dynamic Bond Fund. 7.11%
- Baroda BNP Paribas Dynamic Bond Fund. 6.93%
- Aditya Birla Sun Life Dynamic Bond Fund. 6.88%
- 360 ONE Dynamic Bond Fund. 6.78%
- HDFC Dynamic Debt Fund.
A monthly income plan (MIP) is a type of mutual fund that invests primarily in debt and equity securities with a mandate of producing cash flows and preserving capital. The aim of an MIP is to provide a steady stream of income in dividends and interest payments.
- Vanguard Growth Index Fund Admiral Shares (VIGAX)
- Schwab U.S. Large-Cap Growth Index Fund (SWLGX)
- Fidelity Blue Chip Growth Fund (FBGRX)
- Invesco S&P 500 GARP ETF (SPGP)
- Invesco QQQ Trust (QQQ)
- Vanguard Mega Cap Growth ETF (MGK)
- SPDR Portfolio S&P 500 Growth ETF (SPYG)
From a pure income perspective, it's hard to beat QYLD's yield of 12%. This double-digit yield is more than twice the rate of inflation, and it dwarfs the average yield of the S&P 500 and the yield of the ten-year treasury. It also beats the yields of many other popular dividend and high-yield ETFs.
What are the three biggest investment funds?
The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK) and Fidelity Investments are met by T. Rowe Price Group, Inc. (NASDAQ:TROW) in our list of the world's biggest mutual fund companies.
- Exxon Mobil XOM.
- Verizon Communications VZ.
- PepsiCo PEP.
- Altria Group MO.
- Wells Fargo WFC.
- Comcast CMCSA.
- Bristol-Myers Squibb BMY.
- Gilead Sciences GILD.
Symbol Symbol | ETF Name ETF Name | 1 Year 1 Year |
---|---|---|
VIG | Vanguard Dividend Appreciation ETF | 13.56% |
VYM | Vanguard High Dividend Yield Index ETF | 5.90% |
VYMI | Vanguard International High Dividend Yield ETF | 9.70% |
VIGI | Vanguard International Dividend Appreciation ETF | 10.65% |
Company | Expense Ratio | Dividend Yield |
---|---|---|
Schwab U.S. Large-Cap Growth Index Fund (SWLGX) | 0.035% | 0.66% |
Vanguard Mid-Cap Value Index Fund (VMVAX) | 0.07% | 2.31% |
The Hartford Short Duration Fund (HSDIX) | 0.49% | 3.40% |
Vanguard International Growth Fund (VWIGX) | 0.42% | 1.03% |
In a market that generates a 2% annual yield, you would need to invest $600,000 up front in order to reliably generate $12,000 per year (or $1,000 per month) in dividend payments. How Can You Make $1,000 Per Month In Dividends?
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