In volatile market times, it is a good idea to take little baby steps with investing via closed-end funds. Here are five closed-end funds which have a distribution rate of more than 10%. Funds that trade at a discount are cheaper.

1.ING Global Equity Dividend Premium (IGD)
Premium/Discount: -7.69%
Distribution Rate: 13.10%

2.Spain Fund (SNF)
Premium/Discount: -9.50%
Distribution Rate: 12.60%

3.Aberdeen Australia Equity Fund (IAF)
Premium/Discount: 8.18%
Distribution Rate: 11.17%

4.Clough Global Opportunities Fund (GLO)
Premium/Discount: -10.34%
Distribution Rate: 10.14%

5.BlackRock International Growth and Income Trust(BGY)
Premium/Discount: -10.68%
Distribution Rate: 12.43%

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Closed-End Funds Conondrums