As a follow up to last week’s post on the top dividend stocks on 2013 I thought it would be good to highlight which funds are performing the best so far in 2013. I’m not a big fan of investing in mutual funds because it goes against my stance on frugal investing. But there are plenty of people that don’t have the time or the ability to be a DIY investor and I understand. For those that find themselves investing in funds this post is for you.
Now just because a fund pays dividends it does not mean that the fund only invests in dividend stocks, or that the fund invests in stocks at all. Each of these funds pay dividends monthly and can be found everyday on our monthly dividend payout list.
The Top 10
I’ve listed the top 10 performers so far in 2013 and a brief description of the fund along with a few performance stats. For many of these funds a big part of the return shareholders earn is in the dividend so I’ve included half of the dividend in the total return.
1. Cornerstone Strategic Value Fund (CLM) | website
Description:Seeks capital appreciation through diversified global equity securities
Yield: 16.62% YTD Return: 23% Total Return in 2013: 31.31%
2. Stone Harbor Emerging Markets Income (EDF) | website
Description: Seeks total return through investment in Emerging market fixed income securities
Yield: 7.08% YTD Return 26.3% Total Return in 2013: 29.84%
3. PIMCO Global StocksPLUS & Income (PGP) | website
Description: Seeks current income and long-term capital appreciation through stocks and/or index and other derivative instruments.
Yield: 10.1% YTD Return: 21.3% Total Return in 2013: 26.35%
4. Cornerstone Progressive Return Fund (CFP) | website
Description: Seeks long term total return through diversified equity and short term investments
Yield: 17.49 YTD Return: 17 Total Return in 2013: 25.745
5. The Gabelli Dividend & Income Trust (GDV) | website
Description: Invests in in dividend paying securities (such as common and preferred stock) or other income producing securities (such as fixed income debt securities)
Yield: 5.6 YTD Return: 19.3% Total Return in 2013: 22.1%
6. PIMCO High Income Fund (PHK) | website
Description: Invests primarily in a diversified portfolio of United States dollar denominated high-yield corporate debt obligations
Yield: 12.3% YTD Return: 12.6% Total Return in 2013: 18.75%
7. BlackRock Credit All Income Trust II (PSY) | snapshot
Description: Manages a portfolio of investment grade corporate bonds, high yield bonds (referred to as junk bonds), bank loans, preferred securities or convertible bonds
Yield: 6.5% YTD Return: 14% Total Return in 2013: 17.25%
8. Eaton Vance Tax-Advantaged Dividend Fund (ETO) | snapshot
Description: Invests in dividend-paying common and preferred stocks
Yield: 7.1% YTD Return: 12.9% Total Return in 2013: 16.45%
9. Invesco High Yield Inv Fund (MSY) | website
Description: Seeks high income by managing a portfolio of high-yielding, high-risk bonds and other income securities
Yield: 23.51% YTD Return: 4.2% Total Return in 2013: 15.9%
10. Eaton Vance Tax-Advantaged Global (ETG) | website
Description: Seeks total return though investing in dividend-paying common and preferred stocks
Yield: 8.1% YRD Retrn: 11.3% Total Return in 2013: 15.35%
Happy 4th of July!