I am a big believer in the compound effect and that the greatest wealth creating tool is the tax free compounding of one's capital over time. However, had I not been an active (very active) trader of mutual funds, especially in the late 80s and 90s when my account was much smaller, I would be looking at a very bleak retirement as I would have a much, much smaller nest egg.

Probably a distribution ... think there are mountains of unrealized cap gains at that fund. Check the Vanguard site; ticker in the fund search box, & go to the distribution tab once you're in the fund's pages. M* shows distributions on the quote pages, but they're sometimes a day or two late.

Reply to @Charles: Also picked up COP, as well, and very pleased with the announcement after the close last night (find co-owner Anadarko up 3.2% pre-market). Also like the 4.5% yield and dividend focus going forward. I also thought about buying a bit of Shell, but I didn't want any more Euro exposure (Shell A shares) or British Pound Exposure (Shell B shares.)
Some discussion from GE this morning that they may spin-off GE Capital down the road.
CLF is not a bad idea, especially at these levels. It may take a while, but you're about at 2008 prices. A lot of the iron ore/mining plays have been creamed (VALE is another) and many mining CEOs have recently departed.
Still on the shopping list - HTA and O (or ARCP instead of O) Maybe INF. There's definitely a few other maybes, as well.
"but I trust I am learning."
I've definitely had my share of stuff that didn't work out - I think trying and learning is awesome and important. Investing is one thing where I think you'll never know everything - there's always something to learn/experiences to learn from.

Hi Art,
You ask the perennial investors question. No forecaster ever has the absolutely correct answer since nobody is perfectly prescient or omniscient. Wall Street is littered with fallen experts who had momentary success, but failed to repeat.
This is not a current observation. Market forecasting experts have been doing the public a measurable disservice for over 80 years. As early as 1932 Alfred Cowles published his analysis of the inability of forecasters to forecast. Here is a Link to his classic paper:
http://cowles.econ.yale.edu/archive/reprints/forecasters33.pdf
Perhaps the best advice to be given is too not trust professional forecasters of any persuasion.
Bad decisions and Black Swan events happen everywhere. Bad decision making and Black Swan events happen more frequently in both the professional and amateur investment universe.
Indeed I did write "that individual investors make poor timing and product selection decisions". That’s not just me making noise; I am merely reporting investment industry research on investor outcomes.
To put a hard edge to my assertion, allow me to quote a summary conclusion from the 2012 DALBAR QAIB report (their 2013 report which will incorporate data through 2012 will be released shortly).
From DALBAR, their devastating overarching observation is "that individual investors make poor timing and product selection decisions". That’s bad news for the “average” investor. DALBAR finds that the average private equity investor lost 5.73 % in 2011 while the S&P 500 was delivering a plus 2.12 % return. Similarly, the average fixed income investor was only getting a 1.34 % reward while the Barclays aggregate bond market was generating a 7.84% annual return.
The fractional individual investor outcomes relative to what could be achieved from a simple buy-and-hold passive Index investment strategy is persistent over long timeframes. DALBAR demonstrates that the average private investor underperforms these standard benchmarks for 1-year, 3-year, 5-year, 10-year, and 20-year study periods. The average investor plays the Loser’s game. Charles Ellis addresses this issue in his 1998 book “Winning the Loser’s Game”.
Note how I kept emphasizing the “average” investor statistic. I truly do not believe that MFO members are average investors. Although we may not satisfy the Lake Woebegone standard of everyone being above average, I suspect we are as a cohort above the average mutual fund investor. Dissenting opinions to the contrary are invited. That’s why I am at full attention to mutual fund recommendations and analyses offered by MFO itself and MFO participants.
I score my portfolio holdings against relevant benchmarks on a quarterly basis. Like everyone else, even after careful research and review, I have made bad decisions. Although I infrequently adjust my asset allocation, and when I do, I do so in an incremental fashion, I do constantly search to upgrade poorly performing individual fund holdings.
Certainly, if a fund changes its management, or changes its investment strategy (like morphing from a concentrated to a broadly diversified portfolio), or changes its fee structure, or changes its trading frequency, divestiture decisions are easy if these changes nullify my reasons for initially committing to the fund.
Another more common reason is if the questionable fund consistently underperforms its appointed benchmark. This is not quite so easy a decision since the allowable underachieving time span is a debatable issue; the marketplace might just have momentarily gravitated away from the manager’s style.
So I constantly upgrade, but I am not putting any additional money into the markets. I am not moving into fixed income either; the payouts are barely keeping up with inflation. Our family situation likely differs significantly from most present MFO participants, and that difference is important. Our plans and needs are definitely not yours. However, we are not now abandoning the equity marketplace.
Both my wife and I have been taking MRDs (Minimum Required Distributions) for years and our portfolio’s value has continued to increase. Given our ages, our portfolio structure, and our withdrawal rates, the likelihood of our portfolio survival rate based on Monte Carlo simulations approaches 100 % (never exactly 100 % since it’s a probability estimate). Our portfolio can handle a major market hit and we would still not be in a financial danger zone.
Given our circumstances, our decision is to stand fixed with our slightly upgraded portfolio. The majority of the signals that we use to gauge the equity market’s health (momentum, GDP growth, P/E ratio, inflation) remain positive. This year’s early equity gains are a little disquieting, and a minor retrenchment would not be surprising.
Black Swans happen with lightening speed, so dedicated vigilant monitoring is the order of the day. That never changes.
In no way do I recommend our course of current inaction to you guys. Each of you is the captain of your own ship and must plot your own compass headings to reach safe harbor.
Good luck to all of us since bad weather is difficult to forecast with high precision.
Best Regards.

I have title this … Until We Meet Again … Because I have decided to take some time off and away from the board and reopen a door I closed many years ago on my golf game. Oh sure, I’d play form time-to-time but I would just bang the ball around so to speak and played for just plain old fun not carrying if my ball strikes were really pure.
With this I have copied, pasted and expanded part of one of my more recent post since I feel the market is reaching a topping out phase unless there happens to come along a QE4. Just in golf there is more than one way to play the course and in investing there is certainly more than one way to play the market. But, I wanted to leave you with how I see it in today’s time.
Hello,
Not saying this concept should be followed … but, here is what I have been doing since the S&P 500 Index reached 1425.
Since my risk tolerance for equities ranges from 40% to 60% within my portfolio I start selling equities down when they are close to making new 52 week highs thus reducing and controlling my allocation to them. Conversely when they are towards 52 week lows I’ll start building my allocation to them while staying within my allocation range of 40% to 60% which was determined by a risk tolerance analysis. I am striving to move towards the low range when equities are at 52 week highs and to move towards the high range when equities are towards their 52 week low valuation. In short words, buy low ... sell high ... while being mindful of my allocation range to equities. In 2009 and 2010 I was more towards the 60% range and since then I have been in a control sell down mode along the way even though I have made some special buys from time to time when I felt good value could be had.
Since the S&P 500 reached 1425 … I have been selling about a sum equal to one percent of my equities at each 25 point step mark of 1450, 1475, 1500, 1525 & most recently at 1550.
A little math, each step ranges about 1.7% to 1.6% between them so this allows for some equity asset growth along the way. In short words equities have grown by about 8.8% form the 1425 step to the 1550 step … and, I have taken a sum equal to about 5% of this to my pocket while letting the other 3.8% ride. So equities have still grown while I have been in my sell down process and they currently account for about 46% of the portfolio (by Xray analysis).
I’d much rather book some of my profit in a market uptrend rather than trying to make it all in a market pullback when there is a lot of selling activity occurring by others. If I decide to sell in a market down draft it would be more for capital preservation move while being mindful to where my equities are bubbling within my allocation range just as I am doing during this bull market upward run.
If I have not right sized my portfolio's equity allocation by the time a good market down draft presents itself I'd be doing so pretty quickly in getting towards the low range of my equity allocation. At my age of 65 capital preservation is important as well as the prospects of growing the portfolio over time.
Not saying this is perfect … But, it is what I am currently doing and it draws from the lessons I have learned through the years from not only from my late father but Mr. Market as well.
So with this ... I wish all good investing and good fortune until we meet again. I am going to go silent for a while and just sit back and just watch the board. My golf league will soon start play; and, I need to spend some time in getting my golf game in shape.
One of my late childhood friends was a PGA tour caddy ... Harry Caudell. Now it is time to see if I can put to use some of the things that Harry brought to my game as well as the late Clayton Heafner who gave me my first golf lesson at the age of six. Clayton is one of my city's favorite sons who represented the USA many years ago with his winning Ryder Cup play. For those that would like to expand their golf history knowledge I have linked some information about Clayton below.
http://en.wikipedia.org/wiki/Clayton_Heafner
It is interesting, my first scheduled match falls on Thursday April 11th, which is also my late mother's birthday and opening round at the Masters. I can assure you that my golf game is not the type that is found inside the ropes at the Masters although I wish it were. My golf league calls our opening event the Carolinas' Masters and, yes, we play for a green jacket too.
So, with me, it is now off to the practice tee that I go ... And we shall see ... “How good it can be to be on the tee again with my friend Harry C.” My aim is to stike the ball pure and if I can do that I'll be a contender within my league as Clayton taught me his secret to putting which is half the game itself.
“Good Investing” ... and, “Watch your Risk.”
Skeeter

The Vanguard funds listed below earned taxable income and/or realized capital gains for their fiscal years ended December 31, 2012 or January 31, 2013, that were greater than the amounts distributed in December 2012. The remaining taxable income or gains will be distributed in March 2013 as "supplemental" income dividends or capital gains distributions.
Note: These supplemental fund distributions will be reported on 2013 tax forms. Vanguard will not generate updated tax forms for 2012. The gains reported here are taxable for the year during which they are declared.
---
According to tables in the page the declaration date (record date) is either 3/18 or 3/27.

Rats. I had a postie get throttled.
I believe folks should take profits based upon their ability to sleep. Rebalancing and reallocation all play a role, but as Bob just said, when you hit a a double or triple, bleeding down some of the gains is prudent. For example, with a double, you've doubled your money in that you're up over 100%. Why not take your original investment out and continue to let the profits ride. It's like playing with hour money. Good stuff.
peace,
rono

Our philosophy is that ANY time is a good time to capture profits. That doesn't mean you should grab every thousand in capital gains. But rather we would look at a holding and evaluate 1) what was the total amount invested, 2) what is the gain, 3) how quickly has the gain occurred, and 4) consider any tax consequences. The final decision is "Where do I put the dollars from the sale?" Consider either undervalued sectors or whether your target allocations are out of line.
It's more than just waiting until your allocations are out of line, since individual holdings in the same class can vary wildly in their performances. Our process is not to sell out of anything, just capture the gain back to the amount invested.

Hi Charles,
Thanks for your continued comments and commentary on the board. Again, good comments here again by you. And, so that you know, I went through both events as an investor ... the 1987 event along with the big 2008 crisis. By keeping my head I surived both chalking them up to learning experiences. Some say let your winners run and perhaps for them this is ok ... but, for me through the years I have seen too much of my unrealized gains get vaporized in sudden and swift market pull backs. Now, I have a plan to harvest some of my gains in steps along the way.
Have a great day ... and, thanks again for your continued input.
Good Investing,
Skeeter

Hello,
Not saying this concept should be followed … but, here is what I have been doing since the S&P 500 Index reached 1425.
Since my risk tolerance for equities ranges from 40% to 60% within my portfolio I start selling equities down when they are close to making new 52 week highs thus reducing and controlling my allocation to them. Conversely when they are towards 52 week lows I’ll start building my allocation to them while staying within my allocation range of 40% to 60% which was determined by a risk tolerance analysis. I am striving to move towards the low range when equities are at 52 week highs and to move towards the high range when equities are towards their 52 week low valuation. In short words, buy low ... sell high ... while being mindful of my allocation range to equities. In 2009 and 2010 I was more towards the 60% range and since then I have been in a control sell down mode along the way even though I have made some special buys from time to time when I felt good value could be had.
Since the S&P 500 reached 1425 … I have been selling about a sum equal to one percent of my equities at each 25 point step mark of 1450, 1475, 1500, 1525 & most recently at 1550.
A little math, each step ranges about 1.7% to 1.6% between them so this allows for some equity asset growth along the way. In short words equities have grown by about 8.8% form the 1425 step to the 1550 step … and, I have taken a sum equal to about 5% of this to my pocket while letting the other 3.8% ride. So equities have still grown while I have been in my sell down process and they currently account for about 46% of the portfolio (by Xray analysis).
I’d much rather book some of my profit in a market uptrend rather than trying to make it all in a market pullback when there is a lot of selling activity occurring by others. If I decide to sell in a market down draft it would be more for capital preservation move while being mindful to where my equities are bubbling within my allocation range just as I am doing during this bull market upward run.
If I have not right sized my portfolio's equity allocation by the time a good market down draft presents itself I'd be doing so pretty quickly in getting towards the low range of my equity allocation. At my age of 65 capital presevation is important as well as the prospects of growing the portfolio over time.
Not saying this is perfect … But, it is what I am currently doing and it draws from the lessons I have learned through the years from not only from my late father but Mr. Market as well.
So with this ... I wish all good investing and good fortune untill we meet again. I am going to go silent for a while and just sit back and just watch the board. My golf league will soon start play; and, I need to spend some time in getting my golf game in shape.
One of my late childhood friends was a PGA pro golf tour caddy ... Harry Caudell. Now it is time to see if I can put to use some of the things that Harry brought to my game as well as the late Clayton Heafner who gave me my first golf lesson at the age of six and one of my city's favorite sons who represented the USA many years ago with his winning Ryder Cup play. For those that would like to expand their history knowledge in golf I have linked some information about Clayton below.
http://en.wikipedia.org/wiki/Clayton_Heafner
So, with me, it is now off to the pratice tee that I go ... And we shall see ... "How good it can be to be on the tee with Harry C!"
Good Investing ...
Skeeter

Reply to @Daves: Hi Dave,
Typically Mutual Funds are not up my alley as much as individual stocks. Sorry. VYM as an ETF would be my closest strategy to give you the worlds best companies, pays a 3% yield with a tiny expense ratio, low risk, no worry fund. On individual stocks, please remember that when the market crashes, that's when the big gains are made.
The dividends build and reinvest during the crash cycle, and when the market recovers that's when your stocks just go absolutely "Crazy".
As dumb and counter intuitive as it seems, don't be afraid of down markets. You almost look forward to them. That's where you hit the home runs with world class stocks that pay dividends. And the only time you worry about world class stocks is when they cut the dividend. Which frankly, seldom happens in my experience of 50 years.
Forget my earlier Walmart example, here's an even better example. We purchased PM, (Phillip Morris) 20 years ago. PM has gone up continually since then, then split into Altria and then split into Kraft and Kraft split into Kraft and MDLZ. So the investor received for free, three additional companies, which have all been terrific. That's fairly difficult with a mutual fund but not uncommon with individual holdings.
Trust this might shed some light on having a few stocks in your portfolio.
Best Regards,
Steve

Below is a list of the funds I can select from in my 401k. I have had all my monies in the Pimco bond fund which has been great but realize it may not be such a good idea nowadays. Knowing I am 60 and plan on retiring in 6 years, can you recommend a blend of the funds below knowing I want to be fairly conservative. There are also Fidelity blended funds (2015, 2020 etc.) but they don't look like such good performers.
I also have rollover IRA in Pimco PTTRX but have been thinking of putting it in the TRowePrice 2020 plan as it looks like a pretty good fund and will save me a lot of work.
Thanks in advance!
AF FUNDAMNTL INVS R4
MAINSTAY LG CAP GR I
MFS VALUE R4
VANGUARD INST INDEX
Mid-Cap
MSIF MID CAP GRTH I
RDGWTH MID CAP VAL I
SPTN EXT MKT IDX ADV
Small Cap
DREY/BC SM CAP VAL I
PRU/J SMALL CO Z
VANG SM CAP IDX SIG
International
FID DIVERSIFD INTL K
HARBOR INTL INST
OPP DEVELOPING MKT Y
SPTN INTL INDEX ADV
Income
PIM TOTAL RT INST

Dreyfus must think highly of Mr. Fitpatrick as well as he is a subadvisor to this fund along with others listed.
Art
Dreyfus Select Managers Small Cap Val A (DMVAX)
Walthausen & Co., LLC
Thompson, Siegel & Walmsley LLC
Iridian Asset Management LLC
Lombardia Capital Partners, LLC
Kayne Anderson Rudnick Inv Mgmt., LLC
Vulcan Value Partners, LLC
Neuberger Berman Management LLC

Reply to @Art:
VVPSX is actually interesting to me. Thanks for bringing that up. I am actually considering it as an alternative to ARIVX which I recently sold down to a token.
I like the fund has a very reasonable P/E of 14 at the moment. Very decent valuation.
I like its 3 year up/down capture ratio, lower std. dev, low beta, high alpha, sharpe and sortino.
The fund has only 28 holdings. It is a concentrated portfolio and significantly so for a small cap fund but it seems like manager caps the exposure to any single issue to 5%.
ER=1.50% is a bit on the high side for a domestic fund. But right now, I checked M* Fees tab for this fund and see that ER has been capped to 1.25% until August 2013 and assuming that they renew ER waiver after that, 1.25% is acceptable for an actively managed US SmallCap fund.
Regarding the track record of Manager, M* says: "Prior to founding Vulcan in 2007, Mr. Fitzpatrick was a principal and portfolio manager at Southeastern Asset Management from 1990 to 2007." That is good that he has been managing money for a while.
Here is the fund site: http://www.vulcanvaluepartners.com
Here is a quote from web site:
"C.T. Fitzpatrick founded Vulcan Value Partners in 2007 to manage his personal capital. Since inception, all four strategies have peer rankings in the top 1% of value managers in their respective categories."
The about, philosophy and letters sections of the web site provide good amount of information.
Here is David's profile of the fund.
http://www.mutualfundobserver.com/2011/04/vulcan-value-partners-small-cap-fund-vvpsx/
For some reason I did not pay enough attention to it back then. Maybe I found it too expensive and too new and passed over it without much thought.

Some exposure to private equity is possible to get in other ways, so this is not of particular interest (to me, at least.) Oaktree has some exposure to private equity and I would be more comfortable investing in Oaktree (OAK) than Blackstone or Carlyle.
I don't own any, but the London market has a number of private equity funds (such as Princess Private Equity), some of which are seen in the ALPS/Red Rocks Listed Private Equity mutual fund (LPFCX).
Additionally, I just have little interest in devoting that much to private equity, given the often highly volatile nature of private equity investments.
Carlyle dropping their minimums to $50K in order to "widen their customer base" makes me curious if that was more out of need than anything else.
Additionally, you have things like GSV Capital, which was the hottest thing when everyone wanted to invest in Twitter, Facebook (pre-IPO) and other private equity. That didn't turn out that well:
http://finance.yahoo.com/echarts?s=GSVC+Interactive#symbol=GSVC;range=2y

don't know if it's too late. I don't want to sponsor this but look at this, very attractive offer:
sorry if this is a commercial but just want to pass 'em along for those interested
You are receiving this message as an update to your recent request for information on the Southern Star Operating LLC Energy Capital Bond offering. Please be advised that our 1 Year Bonds (below) will be discontinued and no longer available for purchase after close of business March 29, 2013*. Until then, the Bonds are offered at a 10% discount to face value and in denominations of $10,000 each as follows.
Our 1-Year Bonds (Series 2013-A):
May be purchased with a minimum of $10,000 (1 Bond Minimum);
Offered at 90% of Face Value;
Accrue interest at 6.5% per annum;
Annualized Yield to Maturity: 18.33%
Pay no quarterly interest payments until maturity; and
Mature on December 31, 2013.
Bonds are 100% secured by oil and gas assets pledged as collateral. As we acquire additional oil and gas assets utilizing Bond proceeds, these too are pledged as security for the Bonds. The Bonds are further secured by corporate guarantees from the owners of the assets and the underlying oil and gas lease holder.
Approved for IRA/401k accounts. Please see attached documents and call or email me to subscribe.
* Company reserves the right to discontinue Bonds prior to March 29.
Sincerely,
Don
Don Howard
Southern Star Resources, LLC
4692 North 300 West, Suite 210
Provo, Utah 84604
888.826.4834 Toll-Free
801.877.3154 Direct
801.877.3164 Fax

Heigh ho.
I talk pretty regularly to fund folks - managers, media reps, executives. They occasionally say interesting things which might be off-the-record. In that case, I always try to check on what I'm allowed to attribute to them in public. Some folks made a comment about capacity and I asked what I could say in public. Here's their reply:
“Effectively managing capacity of our strategies is one of the core tenets at Huber Capital Management, and we believe it is important in both small and large cap. Our small cap strategy has a capacity of approximately $1 billion in assets and our large cap/equity income strategy has a capacity of between $10 - $15 billion. As of 2/22/13, small cap strategy assets were over $810 mm and large cap/equity income strategy assets were over $1 billion. We are committed to closing our strategies in such a way as to maintain our ability to effectuate our process on behalf of investors who have been with us the longest.”
For what it's worth,
David

As an older investor, I've never commented on this excellent board, but offer just one humble comment regarding bond exposure. MikeM had an excellent / very astute, comment . "Why any bonds?". The following comes from a very personal experience and mirrors what all my great mentors offered as life lessons to me along the way.
My father was a police office who proudly purchased a $5000 Walmart bond in 1958 or 59.
This was all the money Mom and Pop had to invest. Mom, myself and my sister marveled at Pop's gutsy move. Instead of passbook savings Pop plowed into Wall Street and was an Investor.
He redeemed the coupon seven years later and Pop collected $579 + $5000. Brilliant.
My uncle John in Dallas coincidentally purchased $3000 in Walmart stock and in total collected $13,000,240, some 25 years later. That was my first lesson on bonds, and one I never forgot.
Uncle John quietly bought me my first car in college and Pop struggled to send me $5.00 a week spending money. I appreciated all they did immensely.
When in a bond buying conundrum as many are these days. One consideration might be to simply purchase the underlying engine (stock) vs. the engines exhaust fumes (i.e. bonds).
Over time your rewards will be incredible. Bonds are certainly OK, but consider this option.
Consider these world class names & you'll never, ever wish to churn, sell, wonder about, or fret over. Just buy them, sit on them, and do NOTHING EVER! Then receive checks and checks and checks.
If you wish to buy a group of stocks of the worlds greatest companies, you'll have enormous satisfaction as well as rich gains. Not all will be winners, that can't happen, but most will win for you year after year. Just remember Do Nothing! You don't have to do anything, because hundreds of thousands of people go to work each day at these enterprises and do the work for you.
Consider:
Pfizer, ATT, Unilever, Proctor and Gamble, Union Pacific Rail, Travelers Insurance, Kimberly
Clark, Kraft Foods, Kinder Morgan, Reynolds America, ABB, JP Morgan, Wells Fargo, Vodafone,
Phillip Morris, Altria, Lyondellbasell Industries, ABB, and pick a few you like as Walmart, Home Depot. And be done.
Throw in a few MLP's like MMP and VNR, a foreign Fund Stock and Bond if you must, from Mathews and a VYM from Vanguard. And you're 90% on the road to wealth.
It isn't that hard.
Try for a 3% yield and 3% growth. You'll receive far more than that. However be modest in
your goals. And remember... Do Nothing Else.

Madison, WI is a nice option. Winters are ... not great (although I think better than they used to be a couple of decades ago - thanks to global warming, the Midwest now truly is Canada's Florida), but there's some really beautiful areas nearby and Wisconsin is (I think) a good state.
If you have kids, the Wisconsin Dells are about 45 minutes away, which is the Waterpark Capital of the World - it's essentially a town crossed with an amusement park. Arcades, minigolf, everything. And when I say "everything", that includes an upside-down White House.
Upside Down White House:
http://en.wikipedia.org/wiki/File:Wisconsin_Dells_-_Top_Secret.jpg
http://en.wikipedia.org/wiki/Wisconsin_Dells,_Wisconsin
A lot of nice natural areas nearby, including Devil's Lake State Park:
http://en.wikipedia.org/wiki/Devil's_Lake_State_Park_(Wisconsin)
Austin, which investor mentioned, is also supposed to be terrific.

I'll limit my comments to your bond sleeve. You appear to be fairly conservative in investing, so consider these ideas with that assumption in mind.
I'd reconsider going all but entirely to cash, as it looks like you may do. None of the funds I mention below have actually lost money year-to-date, in this recent rate-rise; the managers have the latitude to change the asset mix, and the dividends have generally made up for any capital loss.
First, I'd get rid of most of the Treasury-heavy funds and move into more diversified bond funds run by some of the very best bond managers.
You apparently have access to Pimco, and that's the fund family I trust the most for bonds in this everything's-sky-high environment; I'd look at PIGIX, PIMIX, and PDIIX as possibilities, and consider switching your PTTDX over to the ETF BOND (same manager, more nimble with a much lower asset level he has to manage).
Next, I'd consider adding one of the mostly-mortgage funds DBLTX and TGLMX (from DoubleLine and TCW, respectively), for relatively safe, steady income.
Finally, you might look at OSTIX, which is a mostly-bond fund that is doing well during this current rise in T-rates, & though somewhat stock-correlated, would likely not lose very much in a down stock market (it lost only 5% in 2008).
Good luck out there ...