CIK and DHY are CEFs that allocate primarily to high-yield corporate bonds with a sweet spot rating being single-B. The funds also hold a minority of the portfolio in floating-rate loans and CLOs.

In this article, we take a look at the Credit Suisse High Yield Bond Fund (NYSE:DHY). DHY holds primarily high-yield corporate bonds. It trades at a 9.8% yield and a 10.4% discount. The closed-end ...