I manage a port for the 'rents and just had a transfer of quite a bit of cash out of Wells Fargo financial services to a brokerage account I manageThey are too heavy into bond funds for comfort and about 30% of their mutual funds were sold in the transfer leaving 2/3 still to be disposed of.The problem is that most of these funds distribute monthly providing a steady income for them.The switch is going to create gaps in income that are going to be difficult to fill. I am researching individual corporate bonds but most pay twice a year and are selling at premiums to par. The yield is not great and it's been hard find anything above 4%.Getting a good return on a staggered ladder of high yield bonds has been impossible.Likewise, big blue chips that were amazingly cheap two years ago and yielding 5% or more are hard to find at present. Big cash flow producers like JNJ, Chevron, Merck, Total etc are too expensive now.Bonds are not a good investment for income, solid high yielding blue chips have disappeared so these super-dividend funds mentioned in the previous thread make them intriguing. They also pay monthly which is desirable.Looking at the holdings, I see a lot of MLPs, LLCs and a few REITs. The individual holdings look reasonably safe too. I would not want to sink thousands into Lorillard or Altria or Century Link, but they are all stocks I have considered individually. As a group with the risk spread out a bit and my entire investment not committed to huge position in an individual name to get some yield makes this ETF look like an attractive alternative. As you all know, MLPs and LLCs are difficult tax problems and this is an excellent way to get the income from these fairly safe pipelines etc without the tax headache.This list appears to be decently diversified with low-ish risk and a better alternative than bonds or individual names. It beats what I can do trying to go after either outsized positions on a couple of names or lower yielding bonds % 2.21 WP CAREY INC2.10 BRISTOL MYERS SQUIBB2.07 FIRSTENERGY2.07 TWO HARBORS INV CORP2.06 NISKA GAS STORAGE2.06 REGAL ENTERTAINMENT2.06 VECTREN CORPORATION2.06 ENBRIDGE ENERGY PARTNERS2.05 NATURAL RESOURCE PART. LP2.05 GREAT PLAINS ENERGY INC2.05 TC PIPELINES LP2.05 CONSOLIDATED COMM2.04 LOCKHEED MARTIN2.04 VERIZON COMMUNICATIONS2.03 PDL BIOPHARMA INC2.03 LORILLARD INC2.02 PEPCO HOLDINGS INC2.02 HATTERAS FINCL CORP2.02 ANWORTH MORTGAGE ASSET CO2.01 WORLD WRESTLING FED ENT2.01 MERCK & CO INC/NJ2.01 MFA MORTGAGE INVESTMENTS2.00 CAPSTEAD MORTGAGE CORP2.00 ENTERGY CORP1.99 AMEREN CORPORATION1.99 PINNACLE WEST CAPITAL1.98 AVISTA CORP1.98 ALTRIA GROUP INC.1.97 CENTURYLINK INC1.97 ENERGY TRANSFER PARTNERSP1.97 INTEGRYS ENERGY GROUP INC1.96 CYS INVESTMENT INC.1.96 ENTERPRISE PRODUCTS PRTNR1.96 AT&T INC1.96 ANNALY CAPITAL MANAGEMENT1.96 DYNEX CAPITAL (REIT)1.96 HAWAIIAN ELEC1.96 REYNOLDS AMERICAN INC1.95 CONSOLIDATED EDISON INC1.95 UNITED ONLINE1.95 WINDSTREAM CORP1.94 AMERICAN CAPITAL AGENCY1.93 QR ENERGY LP1.93 LINN ENERGY LLC - UNITS1.92 VECTOR GROUP LTD.1.92 PENNYMAC MORTGAGE INVS1.90 ONEOK PARTNERS LP1.89 FRONTIER COMMUNICATIONS1.86 FERRELLGAS PARTNERS-LP1.83 ARMOUR RESIDENTIAL REIT0.11 CASH
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