Closed-End Funds (CEFs)

CEFs are a type of investment fund with a fixed number of shares. They often focus on high-yield investments and can use leverage to boost returns. Guggenheim Strategic Opportunities Fund (GOF) is a CEF known for its high yield and diversified portfolio. GOF uses an active management strategy to invest in a variety of asset classes, including stocks, bonds, and alternative investments.

Municipal Bond Funds

These funds invest in municipal bonds, which are issued by local governments. They offer tax-free income, making them an attractive high-yield investment. Invesco Van Kampen Trust for Investment Grade Municipals (VTA) is a municipal bond fund with a strong yield. VTA provides a steady stream of tax-free income, making it an excellent choice for investors in higher tax brackets.

Income-Focused Mutual Funds

These mutual funds focus on generating income through dividends or interest. BlackRock Multi-Sector Income Trust (BIT) is a mutual fund known for its diversified portfolio and high yield. BIT invests in a variety of income-generating assets, including corporate bonds, mortgage-backed securities, and foreign debt, providing investors with a high level of income and diversification.