Covered Call CEFs
Covered call portfolios invest in stocks and also sell call options on stock indices or individual stocks. The indices include U.S. markets (NASDAQ, NYSE, S&P, and Dow) or international markets (FTSE, Nikkei). Some funds may also purchase put options to try to shield the portfolio from extreme decreases in the stock market. Potential return from these funds comes from stock dividends, premiums received from selling call options, and stock appreciation/depreciation.Covered call portfolio may be suitable for income seeker investors. Some of the fund’s yields are higher than your typical mutual funds, ETF, or stocks.
Best Closed End Funds
The top performing list is sorted based on its year to date performance in 2014. You can find the fund review, performance, expense ratio, dividend yield, fund’s NAV, management, leverage, fund’s sponsor, premium/discount info, etc.Top covered call closed end funds 2014 are:
- Columbia Seligman Premium Tech
- ING Risk Mgt Natural Resources
- Cohen & Steers Glb Income Builder
- EV Tax-Managed Buy-Write Income
- JH Hedged Equity & Income Fund
- GAMCO Nat Res Gold & Income
- ING Glb Eqty Div & Prem Opps
- Madison Strategic Sector Premium