QYLD - Forget QYLD: PSLDX Has Sustained A 1% Monthly Payout For Nearly 14 Years

• Over the years, I've watched numerous darlings of the yield-chasing set crash and burn. The current favorite is QYLD, which is paying a 12% annual yield.
• A typical pattern for such investments is they overpay sustainable levels of yield, grow as the yield chasers flock to them, and inevitably suffer huge capital losses.
• In this article, I discuss a fund with a record dating back to 2007 and show how it has steadily grown capital for an investor building a retirement nest egg.
• More to the point, the fund has sustained a 1% monthly income over the course of its more-than-thirteen-year existence, with sufficient capital appreciation to grow that income by over 60%.
• The fund is PIMCO StocksPLUS Long Duration Instl (PSLDX), an institutional-class open-end mutual fund available at reasonable minimum entry investment levels from several brokers.

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