redmal/iStock via Getty Images The Nuveen Global High Income Fund ( NYSE: JGH ) is a closed-end fund that should appeal to those investors who are looking to earn a high level of income from the assets in their portfolio while adding some diversification to it. I have discussed why achieving some international diversification could be important right now in a few recent articles (see here and here ). The fund currently boasts a 9.
76% yield, so it does not disappoint in the income department. After all, this yield is substantially higher than the 1.34% yield of the S&P 500 Index ( SP500 ) or the 3.
41% trailing twelve-month yield of the Bloomberg U.S. Aggregate Bond Index ( AGG ).
Unfortunately, the yield of the Nuveen Global High Income Fund is lower than that possessed by many of its peers: Fund Name Morningstar Classification Current Yield Nuveen Global High Income Fund Fixed Income-Taxable-Global Income 9.76% BrandywineGLOBAL – Global Income Opportunities Fund ( BWG ) Fixed Income-Taxable-Global Income 11.44% DoubleLine Income Solutions Fund ( DSL ) Fixed Income-Taxable-Global Income 10.
61% PIMCO Dynamic Income Opportunities Fund ( PDO ) Fixed Income-Taxable-Global Income 11.61% Western Asset Global Corporate Defined Opportunity Fund ( GDO ) Fixed Income-Taxable-Global Income 11.99% abrdn Global Income Fund ( FCO ) Fixed Income-Taxable-Global Income 14.
48% Click to enlarge This chart makes it quite clear that the current yield of the Nuveen Global High Income Fund is well.
