SPY - PHK: A Solid Income Fund But Extremely Expensive
- Investors have been struggling to generate income for a very long time due to the policies of the Federal Reserve.
- PHK is a promising income fund from a respected manager that boasts a diversified high-yield portfolio.
- The portfolio does not appear to be very risky despite it containing junk bonds.
- The 8.46% yield appears to be sustainable, although its long-term track record is a bit discouraging.
- The fund is trading at an extremely high premium to net asset value so there are other funds out there with better valuations.
For further details see:
PHK: A Solid Income Fund But Extremely Expensive