10 Best CEFs This Month: Average Yield Of Near 10% (July 2026)

The article presents a rigorously screened list of 10 top closed-end funds, or CEFs, for income investors, offering an average 10% plus yield and nearly 7.7% NAV discount. Selections emphasize sector diversification, long-term outperformance, sustainable distributions, and attractive valuations, with a focus on both equity and credit-oriented CEFs. CEFs are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we try to separate the wheat from the chaff using our filtering process to select 10 CEFs every month from around 500 closed-end funds.

Looking for a portfolio of ideas like this one? Members of High Income DIY Portfolios get exclusive access to our subscriber-only portfolios. Learn More »

Introduction: With the first half of the year behind us, we are now heading into the traditionally dull period of August and September. We think the market will likely consolidate its gains over the next