Yuji Sakai The Credit Suisse High Yield Bond Fund ( NYSE: DHY ) is a closed-end fund that income-focused investors can employ as a method of achieving their goal of generating a high level of current income from the assets that they already possess. The fund manages to do a fairly good job of that, as it currently boasts a 9.07% distribution yield.
This is in line with the yields possessed by other closed-end junk bond funds: Fund Name Morningstar Classification Current Yield Credit Suisse High Yield Bond Fund Fixed Income-Taxable-High Yield 9.07% Allspring Income Opportunities Fund ( EAD ) Fixed Income-Taxable-High Yield 9.38% BNY Mellon High Yield Strategies Fund ( DHF ) Fixed Income-Taxable-High Yield 8.
59% BlackRock Corporate High Yield Fund ( HYT ) Fixed Income-Taxable-High Yield 9.61% KKR Income Opportunities Fund ( KIO ) Fixed Income-Taxable-High Yield 10.74% Pioneer High Income Fund ( PHT ) Fixed Income-Taxable-High Yield 8.
96% Click to enlarge As we can clearly see, the Credit Suisse High Yield Bond Fund has a yield that is comparable to most of its peers that employ a similar strategy. This is something that is very nice to see, as it tells us that income-focused investors will not need to sacrifice their earnings in order to purchase shares of this fund. That is a sacrifice that many investors in this category will not be willing to make, as typically, we want the highest level of income that we can safely earn.
This is ever more important today, as the rapidly ris.
