PonyWang The Calamos Global Total Return Fund ( NASDAQ: CGO ) is a closed-end fund, or CEF, that invests its assets in securities from all over the world. This should be immediately apparent given the name of the fund, and like all closed-end funds, it delivers the majority of its total return to the shareholders through the payment of regular distributions. This has allowed the fund to boast an 8.
98% yield at the current price, which is in line with some of the highest-yielding equity funds in the market. Here is how the yield of the Calamos Global Total Return Fund compares to that of its peers: Fund Name Morningstar Classification Current Yield Calamos Global Total Return Fund Hybrid-Global Allocation 8.98% Clough Global Opportunities Fund ( GLO ) Hybrid-Global Allocation 11.
14% Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund ( ETO ) Hybrid-Global Allocation 8.12% Guggenheim Active Allocation Fund ( GUG ) Hybrid-Global Allocation 9.54% LMP Capital and Income Fund ( SCD ) Hybrid-Global Allocation 8.
81% Thornburg Income Builder Opportunities Trust ( TBLD ) Hybrid-Global Allocation 7.71% Click to enlarge The fact that this fund can invest in both equities and debt securities is something that should appeal to most investors. After all, equities are much better at protecting the purchasing power of their principal than fixed-income securities, and they have favorable tax treatment in the United States.
Indeed, as I pointed out recently , some fixed-income funds m.