Top Performing High Yield Municipal Closed End Funds of 2016

Find top performing high yield municipal closed end funds of 2016. These funds invest in high yield tax fee income funds. The best funds are MFS High Income Municipal Fund.

Best Bond Funds

Tax-free income funds invest mainly in municipal bonds. Municipal bonds are debt issued by a state, city, or other municipality. The debts are used for general governmental needs or to finance special public projects. Municipal bonds pay interest that is free from regular federal income tax, and state-specific bonds can provide residents of those states with income free from state and, in some cases, local income taxes as well.

Top performing high yield municipal closed end funds of 2016 are:

1. MFS High Income Municipal Fund (CXE)
2. Pioneer Municipal High Income Fund (MHI)
3. MFS High Yield Municipal Trust Fund (CMU)
4. MFS Municipal Income Fund (MFM)
5. Nuveen Municipal High Income Opportunity Fund (NMZ)

John Hancock Premium Dividend Fund (PDT)

John Hancock Premium Dividend Fund (PDT) is a popular preferred stock closed end fund. It invests in dividend paying preferred stocks and common equity securities.

This John Hancock fund’s investment objective is to provide high current income with modest capital growth through investment in dividend paying preferred stocks and common equity securities. The fund managers are Gregory K. Phelps, and Joseph H. Bozoyan. This fund has a high dividend yield of 8.37%.

Under normal circumstances, the Fund invests at least 80% of its net assets in dividend-paying securities and invests more than 25% of total assets in the utilities industry. The fund invests mainly in investment grade rated preferred stocks and debt obligations.

PDT Fund Profile

• Fund Inception Date: 12/21/1989
• Ticker Symbol: PDT
• CUSIP: 41013T105
• Rank in category (YTD): 100%
• Category: Preferred Stock
• Distribution Rate: 8.37%
• Effective Leverage: 33.48%
• Capital Gains: -
• Base Expense Ratio: 1.42%
• Net Assets: $ 1.1 billion

Nuveen Premium Income Municipal Fund 4 (NPT)

Nuveen Premium Income Municipal Fund 4 (NPT) is a highly rated municipal bond closed end fund. It provides tax free income for investors.

Nuveen Fund

Nuveen Premium Income Municipal Fund 4 (NPT) objective is to provide current income exempt from regular federal income tax. It also tries to provide enhancement of portfolio value. The fund manager is Christopher L. Drahn since 2010. The current yield is 6.24%. This yield will translate are 9.60% of taxable equivalent yield.

This Nuveen fund has an effective leverage of 35%. The current assets are $888 million. The fund’s sponsor is Nuveen Fund Advisors. Its expense ratio fee is 1.00%. Since this fund is traded like stock, you can buy it from your brokerage.

NPT Fund Profile

• Fund Inception Date: 01/21/1987
• Ticker Symbol: NPT
• CUSIP: 6706K4105
• Rank in category (YTD): 71%
• Category: Municipal Bond
• Distribution Rate: 6.50%
• Effective Leverage: 35%
• Capital Gains: -
• Base Expense Ratio: 1.00%
• Net Assets: $888 million

Top 10 MultiSector Bond Closed End Funds for 2016: Part 3

This is part 3 of top 10 multisector bond closed end funds for 2016 article. The top funds are TCW Strategic Income Fund (TSI), AGIC Convertible & Income Fund (NCV), etc.

Best Fixed Income Funds

As discussed before, multisector bond funds are part of taxable bond fund category. These investment funds invest in various fixed-income sectors. Some may invest in dividend producing stocks. These funds use its assets to purchase US Treasuries, U.S. corporate bonds, foreign bonds, and high-yield bonds. These closed end funds have high yield for income.

Whether you should invest in these top performing multisector bond closed end funds, you need to do details research. You can buy these CEF funds using your brokerage for your investment account, retirement account, etc.

These close end funds are managed actively by the fund manager(s). Find the fund review below. The funds are sorted based on its net asset value returns for the past 3 years (up to September 6, 2015). Interested in part 1 and part 2 of this article; please check top 10 multisector bond closed end funds for 2016 articles.

• Top 10 MultiSector Bond Closed End Funds for 2016
• 10 Best MultiSector Bond Closed End Funds for 2016: Part 2

Top 10 MultiSector bond closed end funds for 2016 are:

1. PIMCO Dynamic Income Fund (PDI)
2. PIMCO Global StocksPLUS & Income Fund (PGP)
3. PIMCO High Income Fund (PHK)
4. PIMCO Income Strategy Fund II (PFN)
5. PIMCO Income Opportunity (PKO)
6. PIMCO Income Strategy Fund (PFL)
7. Doubleline Opportunistic Credit Fund (DBL)
8. TCW Strategic Income Fund (TSI)

10 Best MultiSector Bond Closed End Funds for 2016: Part 2

This is part 2 of the 10 best multisector bond closed end funds for 2016 article. The top funds are PIMCO Income Opportunity Fund, Doubleline Opportunistic Credit Fund, etc.

Best Taxable Bond Funds

As part of taxable bond funds, multisector bond funds invest in various fixed-income sectors. These funds use its assets to buy US Treasuries, U.S. corporate bonds, foreign bonds, and high-yield bonds. This closed end fund may produce high yield for income.

Whether you should invest in these top performing multisector bond closed end funds, you need to do details research. You can buy these CEF funds using your brokerage for your investment account, retirement account, etc.

These investment funds are managed actively by the fund manager(s). Find the fund review below. The funds are sorted based on its net asset value returns for the past 3 years (up to September 6, 2015). Interested in part 1 of this article, please check top 10 multisector bond closed end funds for 2016 article.

The 10 best multisector bond closed end funds for 2016 are:

1. PIMCO Dynamic Income Fund (PDI)
2. PIMCO Global StocksPLUS & Income Fund (PGP)
3. PIMCO High Income Fund (PHK)
4. PIMCO Income Strategy Fund II (PFN)
5. PIMCO Income Opportunity Fund (PKO)
6. PIMCO Income Strategy Fund (PFL)
7. Doubleline Opportunistic Credit Fund (DBL)
8. TCW Strategic Income Fund (TSI)

Top 10 MultiSector Bond Closed End Funds for 2016

Find top 10 multisector bond closed end funds for 2016. The best funds are PIMCO Dynamic Income Fund, PIMCO High Income Fund, etc.

Best Fixed Income Funds

Multisector bond funds seek income by diversifying their assets among several fixed-income sectors. These funds utilize its assets to purchase U.S. government obligations, U.S. corporate bonds, foreign bonds, and high-yield U.S. debt securities.

Whether you should invest in these top performing multisector bond closed end funds, you need to do details research. You can buy these CEF funds using your brokerage for your investment account, retirement account, etc.

These investment funds are managed actively by the fund manager(s). Find the fund review below. The funds are sorted based on its net asset value returns for the past 3 years (up to September 6, 2015).

Top 10 MultiSector bond closed end funds for 2016 are:

1. PIMCO Dynamic Income Fund (PDI)
2. PIMCO Global StocksPLUS & Income Fund (PGP)
3. PIMCO High Income Fund (PHK)
4. PIMCO Income Strategy Fund II (PFN)
5. PIMCO Income Opportunity (PKO)
6. PIMCO Income Strategy Fund (PFL)
7. Doubleline Opportunistic Credit Fund (DBL)
8. TCW Strategic Income Fund (TSI)

John Hancock Tax-Advantaged Dividend Income Fund (HTD)

John Hancock Tax-Advantaged Dividend Income Fund (HTD) is a popular closed end fund. It invests mainly in dividend paying common and preferred securities.

This John Hancock fund’s investment objective is to provide a high level of after-tax total return from dividend income and capital appreciation. The fund managers are Gregory K. Phelps, Harindra de Silva, Gregory McMurran, Dennis Bein, and Joseph H. Bozoyan. This fund has a high dividend yield of 7.50%.

This equity fund has an expense fee of 1.55%. With assets of 1.2 billion, the fund sponsor is John Hancock Advisers LLC. The fund market price is trading 11.05% discount from its net asset value (NAV). This creates opportunity for value investor to invest in this fund.

HTD Fund Profile

• Fund Inception Date: 02/27/2004
• Ticker Symbol: HTD
• CUSIP: 41013V100
• Rank in category (YTD): 100%
• Category: US Stock - Equity Tax-Advantaged
• Distribution Rate: 7.50%
• Effective Leverage: 32.78%
• Capital Gains: -
• Base Expense Ratio: 1.21%
• Net Assets: $ 1.24 billion

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund (NFJ)

AllianzGI NFJ Dividend, Interest & Premium Strategy Fund (NFJ) is a popular closed end fund. It invests in common stocks, convertible and using option to enhance its returns. This fund has a high dividend yield of 12.74%.

The fund managers are Benno J. Fischer and Douglas Forsyth. This fund has $1.5 billion of assets. The fund sponsor is Allianz Global Investors Fund Management LLC. The expense fee is 0.95% per year. The current share price is $14.21. The market price is trading 12.77% discount from its NAV (Net Asset Value).

NFJ Fund Profile

• Fund Inception Date: 02/28/2005
• Ticker Symbol: NFJ
• CUSIP: 01883A107
• Rank in category (YTD): 26%
• Category: US Equity-Covered Call
• Yield: 12.74%
• Effective Leverage: -
• Capital Gains: -
• Premium/ Discount: -12.77%
• Base Expense Ratio: 0.90%
• Net Assets: $ 1.5 billion

Top 8 Tax Advantaged Stock Closed End Funds in 2015

Find best tax advantaged stock closed funds in 2015. Top 8 funds are EV Tax Advantaged Global Dividend Income fund, Nuveen Tax-Advantaged Total Return fund. Investing in these funds may lower your tax bill.

Tax Advantaged Equity Funds

Tax advantaged equity funds invest mainly in dividend stocks. The fund objective is to maximize after-tax returns by investing in dividend stocks. The fund may use active tax management to maximize their return or yield.

While many stock closed end funds distribute a portion of qualified dividends to investors, few focus on these preferential dividends as an integral part of the strategy. Some of these equity funds also manage capital gains and losses in an attempt to make the portfolio tax-neutral from a capital gains perspective.

Best Performing CEFs

The top performing list is sorted based on its 1 year performance (up to 02/25/2015). You can find the fund review, performance, expense ratio, dividend yield, fund’s NAV, management, leverage, fund’s sponsor, premium/discount info, etc.

Top 8 tax advantaged stock closed end funds in 2015 are:

1. EV Tax Advantaged Global Dividend Income Fund (ETG)
2. EV Tax Advantaged Global Dividend Opportunities Fund (ETO)
3. Nuveen Tax-Advantaged Total Return Fund (JTA)
4. Nuveen Tax- Advantaged Dividend Growth Fund (JTD)
5. EV Tax Advantaged Dividend Income Fund (EVT)
6. JH Tax-Advantaged Dividend Income Fund (HTD)

BlackRock Credit Allocation Income Fund (BTZ)

BlackRock Credit Allocation Income Fund (BTZ) is a popular bond closed end fund. This fund invests mainly in credit-related securities and securities with similar economic characteristics. The fund objective is to provide income with capital preservation.

This BlackRock fund is managed by Stephan Bassas, Jeffrey Cucunato, and Mitchel Garfin. It has a high yield of 7.83%. The fund sponsor is Blackrock Advisors. The current share price is $12.36. It has $2.37 billion of assets.

BTZ Fund Profile

• Fund Inception Date: 12/27/2006
• Ticker Symbol: BTZ
• CUSIP: 092508100
• Rank in category (YTD): 12%
• Category: Taxable Bond Fund
• Distribution Rate: 7.83%
• Effective Leverage: 32.45%
• Capital Gains: -
• Base Expense Ratio: 0.95%
• Net Assets: $ 2.37 billion

Top 6 High Yield Municipal Bond Closed End Funds 2015

Find top 6 high yield municipal bond closed end funds 2015. These best muni bond funds are Nuveen Muni High Income Opportunity Fund, MFS High Yield Municipal Trust.

Best High Yield Muni Funds

High yield municipal bond funds invest mainly in low quality municipal debts. These bond funds may provide high yield income for you. The yield may be tax free from federal income tax and possibly state income tax.

Whether you should invest in these top performing municipal bond closed end funds, you need to do details research. You can buy these CEF funds using your brokerage for your investment account, retirement account, etc.

These investment funds are managed actively by the fund manager(s). Find the fund review below. The funds are sorted based on its performance in 2015 (up to August 7, 2015).

Top 6 high yield municipal bond closed end funds 2015 are:

1. Nuveen Muni High Income Opportunity Fund (NMZ)
2. MFS High Yield Municipal Trust (CMU)
3. MFS Municipal Income Fund (MFM)
4. MFS High Income Municipal Fund (CXE)
5. Pioneer Municipal High Income Fund (MHI)

PIMCO Dynamic Income Fund (PDI)

PIMCO Dynamic Income Fund (PDI) is a popular multisector bond closed end fund. This debt fund provide high yield of income.

The fund objective is to provide income with capital growth. It invests mainly in a global portfolio of debt obligations and other income-producing securities of any type and credit quality, with varying maturities and related derivative instruments. The fund managers are Joshua Anderson, Daniel J Ivascyn, and Alfred T. Murata.

This bond fund has a high yield of 8.67%. It has $2.58 billion of assets. This PIMCO fund has a high expense fee of 3.11%. The current market price is trading at 6.62% discount to its NAV. The effective leverage is 45.22%

PDI Fund Profile

• Fund Inception Date: 05/25/2012
• Ticker Symbol: PDI
• CUSIP: 72201Y101
• Rank in category (YTD): 12%
• Category: Multisector Bond
• Yield: 8.67%
• Effective Leverage: 45.22%
• Capital Gains: -
• Premium/ Discount: -6.62%
• Base Expense Ratio: 2.12%
• Net Assets: $ 2.58 billion

10 Best Option Strategies Closed End Funds in 2015

Find 10 best option strategies closed end funds in 2015. Top CEFs are Columbia Seligman Premium Technology Growth Fund, Eaton Vance Enhanced Equity Income Fund.

Top Covered Call Funds

Covered call closed end funds are also known as buy write funds. The vast majority of funds are devoted to owning common shares and writing calls against their holdings. In general these funds write call options against 40-95% of their portfolios.

These top closed end funds are selected based on its year to date performance in 2015 (up to July 26, 2015). You may find other information such as expense ratio fee, portfolio turnover rate, management or index approach, performance, etc. You can find the fund review and comparison below.

The 10 best option strategies closed end funds in 2015 are:

1. Columbia Seligman Premium Technology Growth Fund (STK)
2. Eaton Vance Enhanced Equity Income Fund II (EOS)
3. Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV)
4. Voya Global Advantage and Premium Opportunity Fund (IGA)
5. Eaton Vance Tax-Managed Buy-Write Income Fund (ETB)
6. Nuveen S&P 500 Buy-Write Income Fund (BXMX)
7. Eaton Vance Tax-Managed Diversified Equity Income Fund (ETY)
8. BlackRock Enhanced Capital & Income Fund (CII)

EV Tax Advantaged Dividend Income Fund (EVT)

EV Tax Advantaged Dividend Income Fund (EVT) is a popular closed end fund. This Eaton Vance fund invests mainly in dividend paying common and preferred stock. The fund’s objective is to provide current income and capital growth.

This fund has a share price of $20.60. It has a high yield of 6.72%. The yield is distributed on monthly basis. This top closed end fund is managed by Michael A. Allison, John H. Croft, John D. Crowley, and Edward J. Perkin. The current market price is trading at 10.59% discount to its NAV (Net Asset Value). The total expense ratio fee is 1.37% per year.

EVT Fund Profile

• Fund Inception Date: 09/30/2003
• Ticker Symbol: EVT
• CUSIP: 27828G107
• Rank in category (YTD): 25%
• Category: US Equity Tax-Advantaged
• Distribution Rate: 6.74%
• Effective Leverage: 21.03%
• Capital Gains: -
• Base Expense Ratio: 1.15%
• Net Assets: $ 2.15 billion

Top 14 Closed End Funds in 2015

See top 14 closed end funds in 2015. These best funds are Cornerstone Total Return, Tekla Life Sciences Investors, etc.

Best Funds

Closed end funds are similar to exchange traded funds. They may offer value for investors though yield and discounted value from its NAV (Net Asset Value). These funds are traded like stock.

These best performing closed end funds are sorted based on its year to date return in 2015 (up to July, 13 2015). You may find other fund review information: expense ratio, fund’s NAV, management, objective, yield, top holdings, etc.

Top 14 closed end funds in 2015 are:

1. Cornerstone Total Return (CRF)
2. Tekla Life Sciences Investors (HQL)
3. Tekla Healthcare Investors (HQH)
4. Cornerstone Strategic Value (CLM)
5. JH Financial Opportunities (BTO)
6. Aberdeen Japan Equity Fund (JEQ)
7. Japan Smaller Capitalization (JOF)
8. New Ireland Fund (IRL)
9. Herzfeld Caribbean Basin (CUBA)
10. EV Tax-Managed Global Buy Write Opportunities (ETW)
11. BlackRock International Growth & Income (BGY)
12. Aberdeen Israel (ISL)

Top Government Bond Closed End Funds 2015

Find top performing government bond closed end funds 2015. Best funds are AllianceBernstein Income Fund, Federated Enhanced Treasury Income Fund, etc.

Best Performing Closed End Funds in 2015

These best performing value stock closed end funds are sorted based on its 1 year total return up to May, 1 2015. You may find other fund review information: expense ratio, fund’s NAV, management, objective, yield, top holdings, etc.

These bond funds may be rated among the best by variety of sites. Popular financial sites are Morningstar, US News, Yahoo Finance, etc.

Top performing government bond closed end funds 2015 are:

1. AllianceBernstein Income Fund (ACG)
2. Federated Enhanced Treasury Income Fund (FTT)
3. EV Tax-Advantaged Bond & Option Fund (EXD)
4. Western/Claymore Inflation-Linked Securities (WIA)

BlackRock Enhanced Equity Dividend Fund (BDJ)

BlackRock Enhanced Equity Dividend Fund (BDJ) is a popular U.S stock closed end fund. The fund invests mainly in equity securities and through utilizing an options strategy. This fund objective is to provide current income and capital appreciation.

This BlackRock fund has a high yield of 6.77%. This yield is paid in monthly frequency. The fund managers are Kathleen Anderson, Kyle McClements, and Bob Shearer. The current market share price is $8.30. Its expense fee is low, only 0.16%.

BDJ Fund Profile

• Fund Inception Date: 08/26/2005
• Ticker Symbol: BDJ
• CUSIP: 09251A104
• Rank in category (2014): 62%
• Category: US Equity - Covered Call
• Yield: 6.77%
• Effective Leverage: 0%
• Capital Gains: -
• Premium/ Discount: -9.39%
• Base Expense Ratio: 0.16%
• Net Assets: $ 1.73 billion

BlackRock Corporate High Yield Fund (HYT)

BlackRock Corp High Yield Fund (HYT) is a popular closed end fund. This fixed income fund invests mainly in below investment grade fixed income securities. These low quality debts are known as junk bonds. These funds may provide high yield for income.

HYT Fund Profile

• Fund Inception Date: 05/30/2003
• Ticker Symbol: HYT
• CUSIP: 09255P107
• Rank in category (YTD): 82%
• Category: High Yield Bond
• Distribution Rate: 7.53%
• Effective Leverage: 25.87%
• Capital Gains: -
• Base Expense Ratio: 0.95%
• Net Assets: $ 2.3 billion

Aberdeen Asia-Pacific Income Fund (FAX)

Aberdeen Asia-Pacific Income Fund (FAX) is a popular bond closed end fund. The fund objective is to seek income with incidental capital appreciation. This debt fund utilizes its assets to purchase Australian and Asian debt securities.

FAX Fund Profile

• Fund Inception Date: 04/24/1986
• Ticker Symbol: FAX
• CUSIP: 003009107
• Rank in category (YTD): 56%
• Category: Emerging Markets Bonds
• Distribution Rate: 7.65%
• Effective Leverage: 25.87%
• Capital Gains: -
• Base Expense Ratio: 1.13%
• Net Assets: $ 2.20 billion

Nuveen CA Dividend Advantage Muni Fund (NAC)

Nuveen CA Dividend Advantage Muni Fund (NAC) is an actively managed closed end fund. This popular fixed income fund utilizes its assets to purchase municipal debts. This fund seeks current income exempt from both regular federal income taxes and California personal income tax; its secondary investment objective is the enhancement of portfolio value.

NAC Fund Profile

• Fund Inception Date: 05/26/1999
• Ticker Symbol: NAC
• CUSIP: 67066Y105
• Rank in category (YTD): 37%
• Category: CA municipal bond
• Yield: 6.33%
• Effective Leverage: 35.12%
• Capital Gains: -
• Premium/ Discount: -3.74%
• Base Expense Ratio: 1.30%
• Net Assets: $ 2.39 billion