Income-Covered Closed-End Fund Report, July 2026

The Income-Covered CEF Report screens for closed-end funds with distribution coverage above 100%, highlighting lower risk of distribution cuts. Top candidates include BGX, EFR, EFT, and BANX, offering deep discounts to NAV, strong yields, and full coverage—potential for price appreciation and enhanced yield.

Composite metrics identify PGP, EFT, EFR, and BGX as especially attractive, combining high yield, significant discounts, and negative z-scores for relative value.

Investors are advised to use these quantitative shortlists as starting points for due diligence, focusing on coverage, discount, yield, and valuation metrics.