We should keep this fund on our watch list and wait for its discount to dip well into the double-digits. If we stopped the discussion right there, it would sound a lot like the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) or the SPDR Bloomberg Barclays High Yield Bond ETF (JNK). Calamos Convertible & High Income Fund (CHY)Type: Multi-SectorDistribution Yield: 8.7%The Calamos Convertible & High Income Fund (CHY) invests in a portfolio of convertible securities and other high-yield fixed income instruments. Convertible securities are the lion’s share at 67%, followed by corporate bonds at 26%. For more great income ideas, get your free copy his latest special report: Your Early Retirement Portfolio: 7% Dividends Every Month Forever.

Source: Forbes September 27, 2020 12:33 UTC