Top 25 Highest Yield Closed End Funds 2013

Top 25 highest yield closed end funds 2013 are Cornerstone Strategic Value, Columbia Seligman Premium Tech, PIMCO High Income Fund, etc. These investment funds provide high dividend for income.

Highest Yield CEFs

Highest Yield CEFs

Closed end fund is also known as closed end mutual fund. Regular mutual fund is known as open end mutual fund. Unlike its counterpart mutual fund, closed end fund is traded like stock or ETF (exchange traded fund). You can buy it from your regular online stock brokerage. Some CEFs also provide high yield income for investors.

These closed end funds list is selected based on its high yield for the past 1 year. The yield may include only pure dividend or mixed between dividend and return of assets (ROA). For details about the closed end fund screener, you can find the below table. Some of these top highest yield CEFs are among the best closed end funds.

From this article, you can also find the each closed end fund research below. The fund families include Cornerstone Advisors Inc, RiverSource Investments LLC, Gabelli Funds Inc, PIMCO, Allianz Global Investors Fund Management LLC, Wells Fargo Funds Management, and others.

The top 25 highest yield closed end funds 2013 are:

1. Cornerstone Strategic Value (CLM)
2. Cornerstone Total Return (CRF)
3. Cornerstone Progressive Return (CFP)
4. Oxford Lane Capital Corp (OXLC)
5. Columbia Seligman Premium Technology (STK)
6. GAMCO Global Gold Natural Resource & Income (GGN)
7. AGIC Convertible & Income II (NCZ)
8. PIMCO High Income Fund (PHK)
9. Cushing MLP Total Return Fund (SRV)
10. AGIC Convertible & Income (NCV)
11. AGIC Intl & Premium Strategy (NAI)
12. GAMCO Nat Res Gold & Income (GNT)
13. ING Global Equity Dividend & Prem Opportunities (IGD)
14. GDL Fund (GDL)
15. Wells Fargo Advantage Global Dividend Opportunities (EOD)
16. NFJ Dividend Interest & Premium (NFJ)
17. Dividend and Income Fund (DNI)
18. Guggenheim Enhanced Equity Income (GPM)
19. ING Risk Management Natural Resources (IRR)
20. EV Tax-Managed Global Fund (EXG)
21. EV Tax-Managed Global B-W Opportunities (ETW)
22. Guggenheim Enhanced Eq. Strategy (GGE)
23. ING Emerging Market High Dividend (IHD)
24. Aberdeen Chile Fund (CH)
25. Cohen & Steers Global Income Builder (INB)

Updated on 5/15/2013

High Dividend Fund

Cornerstone Strategic Value fund (CLM)

Cornerstone Strategic Value fund utilizes its assets to invest in global equity securities. This top high yield closed end fund has total net assets of $105.8 million. It has been in the market since 1987. The expense ratio is 1.47% per year. The 12-month dividend yield is 17.37%. The market price is trading 24.43% premium to NAV (net asset value). The most recent distribution will be given on April 30, 2013 in the amount of $0.1022.

Best High Yield Closed End Funds for 2013 and 2014

This top stock fund has 160 total holdings as of December 2012. The top 4 holdings are Fidelity Institutional MM Fds Government I (18.28%), Eaton Vance Tax-Managed Global Diversified Equity Income (3.79%), BlackRock Global Opportunities Equity (3.76%) and Apple Inc (3.48%).

Oxford Lane Capital Corp fund (OXLC)

Oxford Lane Capital Corp fund is currently traded at -7.93% from its NAV. The fund’s objective is to maximize its portfolios total return. It has total net assets of $84.98 million. The fund is in the Taxable Income-Senior Loan category. The annual expense ratio is rather high at 6.15% per year. The distribution rate is 13.72%.

Columbia Seligman Premium Technology fund (STK)

STK fund details

Columbia Seligman Premium Technology fund invests in stocks of technology companies. It may use option writing strategy to enhance its portfolio. The portfolio managers are Braj Agrawal (since 2012), Ajay Diwan (since 2009) and Paul Wick (since 2009). This fund’s shares price is $14.96.

As one of the highest yield CEFs, it has $227.9 million of total net assets. It also has annual expense ratio of 1.15%. The quarterly-distributed dividend is 12.85%. The recent distribution was done in February 2013 in the amount of $0.4625. The CUSIP of this fund is 19842X109.

As of March 2013, the top holdings of this fund are Synopsys (9.51%), Symantec (7.28%), Apple (5.93%), Nuance Communications (5.46%), Lam Research Corp (5.21%), KLA-Tencor Corp (4.59%), Qualcomm (4.30%), Check Point Software Technologies (4.22%), Google (3.87%) and NetApp (3.56%).

GAMCO Global Gold Natural Resource & Income fund (GGN)

GGN fund

This GAMCO closed end fund has total net assets of $1.05 billion. It is managed by Gabelli funds Inc. The dividend yield is also high, 13.82%. It is distributed monthly. The fund’s managers are Caesar Bryan, Barbara G. Marcin and Vincent Rouche. The effective leverage is 7.98%.
The highest yield closed end fund uses its assets to buy equity securities issued by gold and natural resources industries. Its expense ratio is 1.31%. This equity energy fund is currently traded at -1.79% from its NAV.

As of fourth quarter of 2012, the fund had a total of 101 holdings. The top holdings are Barrick Gold Corp, Eldorado Gold Corp, Gold Fields Ltd, Goldcorp Inc, Newmont Mining Corp, Anadarko Petroleum Corp, AngloGold Ashanti Ltd, Agnico-Eagle Mines Ltd, Newcrest Mining Ltd and Schlumberger Mining Ltd.

AGIC Convertible & Income fund II (NCZ)

The investment objective of Allianzgi Convertible & Income Fund II is to provide total return through capital growth and high current income. Douglas Forsyth and Justin Kass are the current fund managers. The fund’s CUSIP. It trades 7.13% premium to its current NAV. The distribution rate is 11.99%. This yield is distributed on monthly basis. It also has annual expense ratio of 1.31%.

More:  Best Closed End Funds 2012 & 2013

This top multi sector closed end fund has returned 10.44% over the past 3 year, and 8.06% over the past 5 year. The effective leverage is 36.70%. The fund has total net assets of $806.5 million as of April 18, 2013.

The top holdings of this NCZ fund as of March 2013 are Felcor Lodging Trust Inc (1.65%), Bank of America Corp (1.58%), Vector Group Ltd (1.43%), Swift Mand Comm Exchange Security (1.40%) and Continental Finance Trust II (1.39%). The top 3 convertible sectors are Financials (28.52%), Consumer Discretionary (13.51%) and Industrials (11.62%).

PIMCO High Income Fund (PHK)

PIMCO fund details

As part of PIMCO fund family, this PIMCO High Income fund has $1,368 million of total assets. It invests mainly in corporate debt obligations and income producing securities. This top bond closed end fund was first introduced to public in 2003. The fund is currently trading 41.89% premium to its NAV. It has effective leverage of 22.30%. The annual expense ratio is 1.16%. It also has high dividend yield of 11.70%.

This high yield fund has returned 9.23% over the past 1 year, 13.39% over the past 3 year, and 14.62% over the past 5 year. The fund manager is the bond guru, Bill Gross.

The fund has average duration of 6.85 years and average maturity is 28.11 years. The top sectors of this fund as of March 2013 are Banks (24.0%), Non-Captive Cons. Finance (9.0%) and Insurance Life (7.0%).

Disclosure: No Position

CEF Fund Information

No	Fund Name	Ticker	Strategy	Yield	Premium / Discount	Market Cap	Expense Ratio
1	Cornerstone Strategic Value	CLM	US Equity-General Equity	17.37%	22.77	$105.8	1.37%
2	Cornerstone Total Return	CRF	US Equity-General Equity	17.46%	20.85	$51.9	1.98%
3	Cornerstone Progressive Return	CFP	US Equity-General Equity	17.00%	28.3	$117.3	1.33%
4	Oxford Lane Capital Corp	OXLC	Taxable Income-Senior Loan	13.72%	-7.93	$85.0	6.15%
5	Columbia Seligman Premium Tech	STK	US Equity-Covered Call	12.85%	-3.49	$227.9	1.15%
6	GAMCO Glb Gold Natural Res&Inc	GGN	US Equity-Energy/Resources	13.82%	-1.79	$1,010.8	1.31%
7	AGIC Convertible & Income II	NCZ	Taxable Income-Multi-Sector	11.99%	6.31	$806.5	1.31%
8	PIMCO High Income Fund	PHK	Taxable Income-High Yield	11.85%	41.19	$1,367.7	1.16%
9	Cushing MLP Total Return Fund	SRV	US Equity-MLP	11.49%	8.3	$277.4	3.73%
10	AGIC Convertible & Income	NCV	Taxable Income-Multi-Sector	11.56%	5.9	$1,052.0	1.29%
11	AGIC Intl & Premium Strategy	NAI	US Equity-Covered Call	11.35%	-5.65	$102.6	1.32%
12	GAMCO Nat Res Gold & Income	GNT	US Equity-Covered Call	12.70%	-1.13	$239.6	1.17%
13	ING Glb Eqty Div & Prem Opps	IGD	US Equity-Covered Call	11.03%	-6.06	$949.2	1.24%
14	GDL Fund	GDL	Non-US/Other-Global Equity	11.04%	-11.8	$420.6	4.58%
15	Wells Fargo Adv Glo Div Opp	EOD	Non-US/Other-Global Equity Dividend	10.94%	-5.65	$400.2	1.07%
16	NFJ Div Interest & Premium	NFJ	US Equity-Covered Call	11.02%	-6.15	$1,644.7	0.97%
17	Dividend and Income Fund	DNI	US Equity-Growth & Income	10.55%	-9.37	$124.6	2.99%
18	Guggenheim Enhanced Equity Inc	GPM	US Equity-Covered Call	10.87%	-4.33	$237.9	1.86%
19	ING Risk Mgt Natural Resources	IRR	US Equity-Covered Call	10.88%	-7.21	$252.5	1.22%
20	EV Tax-Managed Global Fund	EXG	US Equity-Covered Call	10.51%	-10.16	$3,155.2	1.05%
21	EV Tax-Managed Glb B-W Opps	ETW	US Equity-Covered Call	10.45%	-9.7	$1,317.5	1.08%
22	Guggenheim Enhanced Eq. Strtgy	GGE	US Equity-Growth & Income	10.49%	-4.44	$120.2	1.93%
23	ING Emerging Market High Div.	IHD	Non-US/Other-Emerging Market Equity	10.20%	5.45	$257.8	1.18%
24	Aberdeen Chile Fund	CH	Non-US/Other-Latin American Equity	10.78%	-0.5	$136.6	1.70%
25	Cohen & Steers Glb Inc Builder	INB	US Equity-Covered Call	10.19%	-4.43	$334.7	1.90%