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My own portf. gives me good growth AND income. We'd all like to see higher income. I have bonds in my PRWCX (and soon, VLAAX) but my 3 dedicated bond funds yield an average of 3.726% among them. PTIAX, RPSIX, PRSNX. RPSIX also serves up a small capital gain at the end of the year. I suppose that's included in the yield statistic. Eventually, I might add PTIMX. (Munis.) And I don't worry that my risk is too great.
A fund that I own that is good at manufacturing income is AZNAX. Morningstar list it's TTM yield at 1.87%; but, the fact is that it pays 7 cents per share per month for a distribution yield (including capital gains) of 7.34% based upon current nav and has its SEC yield listed at 3.08%. This might be something to look at for income seekers. I hold this fund in my hybrid income sleeve and I have owned it for a good number of years. Years back, I remember, Scott touted this fund when he was posting; but, I can't find a link to his post about it.
To view fund distributions ... From M*'s quote sheet click on the performance tab when the performance sheet loads then click on the distribution tab where the fund distributions made can be viewed.
Hey, @Old_Skeet. Damn good distributions. I can't do that front-load, though. Thanks for the suggestion. If I could get in without the load, I'd do it! The monthly pay-outs in PTIAX are comparable. But the share price is more than double of AZNAX. That is juicy, for sure.
Comments
A fund that I own that is good at manufacturing income is AZNAX. Morningstar list it's TTM yield at 1.87%; but, the fact is that it pays 7 cents per share per month for a distribution yield (including capital gains) of 7.34% based upon current nav and has its SEC yield listed at 3.08%. This might be something to look at for income seekers. I hold this fund in my hybrid income sleeve and I have owned it for a good number of years. Years back, I remember, Scott touted this fund when he was posting; but, I can't find a link to his post about it.
To view fund distributions ... From M*'s quote sheet click on the performance tab when the performance sheet loads then click on the distribution tab where the fund distributions made can be viewed.
My best to you.
Skeet
If you had that Fidelity account, this would be your option for AZNAX.