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First Trustaberdeen Global Opportunity Income Fund
Closed-end funds (CEFs) are investment vehicles that issue a fixed number of shares to raise capital for investment in a variety of assets, such as stocks, bonds, and other securities. Unlike open-end funds, also known as mutual funds, CEFs do not redeem their shares at the end of each trading day, and their shares are not sold back to the fund. Instead, shares of CEFs are traded on an exchange like stocks, allowing investors to buy and sell CEF shares throughout the day. This allows investors to profit from the difference between the CEF's market price and its net asset value (NAV).
In the United States, there are several closed-end funds with the "H" symbol. One example is the BlackRock Enhanced Capital and Income Fund (CII). The fund's main objective is to generate income and capital appreciation by investing primarily in equity securities and utilizing an options strategy to enhance returns.
Another example is the BlackRock Corporate High Yield Fund (HYG), which aims to provide current income and capital appreciation by investing at least 80% of its assets in corporate bonds with a rating of "Ba" or lower.
The Pimco Dynamic Credit and Mortgage Income Fund (PCI) is a different type of closed-end fund with the "H" symbol, which aims to provide high monthly income by investing in an actively managed, diversified portfolio of mortgage-backed securities, estate-related investments, and corporate debt obligations.
In terms of performance, the BlackRock Enhanced Capital and Income Fund (CII) has a one-year return of 12.12% and a three-year return of 8.45% as of March 4, 2023. The BlackRock Corporate High Yield Fund (HYG) has a one-year return of 5.92% and a three-year return of 5.83% as of March 4, 2023. The Pimco Dynamic Credit and Mortgage Income Fund (PCI) has a one-year return of 5.69% and a three-year return of 4.35% as of March 4, 2023.
It's critical to remember that, like other investments, CEFs have their own set of dangers. Investors should perform their own research and consider their risk tolerance, investment goals, and time horizon before investing in CEFs. It's also critical to thoroughly examine a CEF's investment strategy, costs, and manager track record before investing.
These are only a few examples of closed-end funds with the "H" symbol that are listed in the United States. There could be additional possibilities based on your particular investment interests, risk tolerance, and market conditions. It's always a good idea to carefully examine any potential investments, considering factors such as an investment's objectives, potential dangers, past performance, charges, and other relevant considerations. To proceed with confidence, it could be beneficial to collaborate with a financial counselor or conduct additional research.