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I have been looking at funds for their dividends such as FAM Equity Income Fund FAMEX and Wasatch Strategic Income fund WASIX and Allianz NFJ Dividend Value Fund PEIDX I was wondering what everyone here thought of these and others. I need to make a pick to offer to our employees for our 401k plan. Any input is much appreciated.
I recently bought two. WASIX and FSDIX after doing my due diligence. I am not really interested in any equity income funds at this time. Did own PEIDX some years ago with good success.
AVEDX is my favorite. VDIGX is a good steady offering. TILDX is a riskier offering, dividend with a value bent. I used to own TRP Equity Income which is a bland fund, but decent.
To my eye, the ones that offer a good balance between a steady ride (low volatility) and good performance (especially during the last few years): Parnassus EI (PRBLX), Amana Income (AMANX), and Nicholas EI (NSEIX). I'm looking in the equity-income category, but you can also look in the largecap value category too.
Good for you for shopping for your employees. Make sure you pick a no-load fund with low fees and long-term, stable management.
Thank you everyone for all of the information. Forgot to mention we invest in no-load funds through Fidelity non-prototype accounts. I pay a third party administrator for the plan so the employee's money won't be eaten up by fees other than the internal fee within a fund.
Reply to @kevindow: Few months back, I had asked a similar question about buying a mutual fund/ETF with low/no exposure to financials and this may be the ticket. I have been eyeing this ETF for a little while now and would likely jump in and buy some, although some of the mutual funds mentioned by randynevin look very good too.
Reply to Maurice: Here is a link that explains a non-prototype account. Basically it is an "investment only" account. Fidelity does not manage it, there are no yearly or maintenance fees. The plan trustee does the recordkeeping and tax reporting. https://www.fidelity.com/retirement/small-business/investment-only-plans
I will have to call Fidelity about the K class shares to ask if we could use them. Does your plan only use Fidelity funds or can it use other no loads?
Reply to @Maurice: Excellent comments. For sake of simplicity, why not consider a "balanced" index fund? Admiral share of Vanguard Balanced fund, VBIAX (ER = 0.12%) provides a yield of 2.10%.
My favorite dividend fund is iShares Preferred Stock Index Fund (PFF). Bought it 3/11/09 @ $18.51, when most preferred stocks were selling as much as 10-20% below par. Closed today at $37.27 and has paid 6.5%-7% dividend paid monthly. Regards, Ted
Comments
Best Dividend Paying Mutual Funds
http://www.bestdividend-paying-mutual-funds.com/
8 top funds for dividend hunters
http://articles.moneycentral.msn.com/Investing/MutualFunds/8-top-funds-for-dividend-hunters.aspx
Best Mutual Funds for 2012
http://www.thestreet.com/topic/21421/top-rated-mutual-funds.html
High-Dividend-Yield Funds
http://www.smartmoney.com/invest/funds/high-dividend-yield-funds-21418/
10 Great Mutual Funds That Deliver High Income
http://www.kiplinger.com/magazine/archives/10-great-mutual-funds-that-deliver-high-income-dividends.html
Good for you for shopping for your employees. Make sure you pick a no-load fund with low fees and long-term, stable management.
NCV - AGIC Convertable Income Fund. I've owned it in several accounts for years and it's still spinning off 11%-12%.
peace,
rono
My favorite and the one I own is HDV. I like its performance relative to competitors, its low cost, and its White Paper:
http://corporate.morningstar.com/US/documents/Indexes/DividendYieldFocusIndex.pdf
Here is a nice review of this ETF:
http://www.indexuniverse.com/sections/blog/10127-hdv-a-game-changer.html
Kevin
I appreciate the input.
If you missed this Fidelity list for 2012...here it is:
http://www.thestreet.com/topic/1330/fidelity-best-funds.html
Few months back, I had asked a similar question about buying a mutual fund/ETF with low/no exposure to financials and this may be the ticket. I have been eyeing this ETF for a little while now and would likely jump in and buy some, although some of the mutual funds mentioned by randynevin look very good too.
Here is a link that explains a non-prototype account. Basically it is an "investment only" account. Fidelity does not manage it, there are no yearly or maintenance fees. The plan trustee does the recordkeeping and tax reporting.
https://www.fidelity.com/retirement/small-business/investment-only-plans
I will have to call Fidelity about the K class shares to ask if we could use them. Does your plan only use Fidelity funds or can it use other no loads?
https://personal.vanguard.com/us/funds/snapshot?FundId=0502&FundIntExt=INT
Regards,
Ted