Since Inception:

http://finance.yahoo.com/q/hp?s=EADIX&a=09&b=2&c=2003&d=04&e=10&f=2008&g=v

The fund can be purchased no load either at $1M, or as Eidix (for $250,000) from an RIA (Registered Investment Advisor).

t

Some figures:

                Value starting 10/6/03        Value today       Dividends taken in cash

eadix              $10,000                          $12,124               $2,580

lsbrx               $10,000                          $11,410               $3,011

advdx              $10,000                          $10,656               $6,360

 If only 50% of the yield was taken from advdx :

                       $10,000                         $14,631                $3,180 

This isn't so much a comparison between these funds. I think a mixture of 2 or all three of these funds could do nicely.But only for a portion of a portfolio.Too bad two of these funds only have 5 years of data.By the way,anyone who has enough invested to afford eadix without the load($1,000,000) doesn't really need it in my opinion.-wes

Interesting:

Re Advdx: In a taxable account one would only be able to reinvest 35% of the yield max, using the other 15% to pay the tax on the whole yield.......Also, advdx is having difficulty raising it's payout per share. Let's also not forget if someone didn't purchase Advdx on it's lowest opening day price, your 'justin graph' wouldn't be looking quite the way it does..:-) 

Relating it to Loomis, I don't quite understand (?) since Eadix yield is tax advantaged and has doubled it's income per share.......

 ======================

"By the way,anyone who has enough invested to afford eadix without the load($1,000,000) doesn't really need it"

Given that option, it's about being able to meet many current and growing future income needs through the use of a 'higher income alternative' for only a portion of one's entire portfolio( rather than having ALL of one's entire portfolio becoming the income engine at a lower yield')..., leaving the unencumbered balance of one's portfolio to grow (even in retirement), to eventually produce an even larger income stream with long term total return........The smaller the percentage of one's portfolio used to produce the growing income stream necessary to pay for goods and services today and tomorrow, the larger the overall potential value of one's entire portfolio,one's capital,and one's future income stream will be over time........

 ==========================

t

"Let's also not forget if someone didn't purchase Advdx on it's lowest opening day price,your 'justin graph' wouldn't be looking quite the way it does"

Oh,no.My graphs aren't near as good and detailed as Justin's.Though i take the comparison as a compliment. : )

Even so,the same could be said about the total return figures above for eadix.

 As far as advdx in a taxable account,i agree.

The post wasn't meant as an argument for advdx over eadix.They are different funds and could compliment each other.I think they are both good high yield funds,as is lsbrx.All three are different and that's part of my point.Your search for the perfect high yield dividend fund is probably going to be very dissapointing in the end.Neither advdx or eadix should be given the sole duty of delivering a high yield boost to a portfolio.Neither can be trusted to do the job alone simply because we don't have a long enough history to look back on them.A mixture of 2 or 3 of these funds,in my mind at least,would help with the volatility.However,I'm not "in love" with any one of them.

You fell out of love with advdx,and that's fine.She lost her allure in your eyes.You left her because you're afraid she's going to stop putting out.Judgement call.I respect that.Eadix has flashed her eyes at you now and you're falling all over yourself like a school boy.Well,i suppose it'll all work out one way or another.-wes

'Even so,the same could be said about the total return figures above for eadix.'

Not really.  Eadix is quite a bit safer, quite a bit higher in overall quality and quite a bit less volatile than Advdx. I think Eadix could much more safely encompass a much larger portion of one's portfolio than Advdx.

A great post though, and thanks............:-)

=======================

As far as ' flashing eyes' , the smartest seductress I've ever found is the concept income payout growth in retirement, and I've been very honest and open in my quest to find and harness the best combination and percentage of payout growth components for me personally (based on my own specific needs). The decisions and concepts I've made and shared have benefited many. I also believe the honesty of my 'tweakings' have been  just as beneficial..... 

 .........t

"Also advdx is having difficulty raising it's payout per share."

I'm not sure Alpine wants to, Taylor.  I seem to recall an interview with Jill Evans in which she stated that they could raise the dividend more but opted not to, fearing that doing so would raise too many eyebrows.  I think she feels that the normal 7 cent  monthly distribution along with the kicker that brings it to 25 cents in March, June and September-- and the variable amount in December-- is a schedule that Alpine is comfortable with.  I'm fine with it-- but then I'm just speaking for myself...

Jim7872 

I agree Jim.It's rediculous to criticize advdx for having too large a payout and for not increasing the payout.The great option we have here is to keep the payout we feel comfortable with and reinvest the rest.-wes

Having half of your portfolio in a fund that yields 6% and has a dividend growth rate of 18%, and half in another fund with a current yield of 15% and a dividend growth rate of zero gives a portfolio with a weighted yield of 10.5% and a dividend growth rate of 9%!

10+10 can certainly support 6+3!

In fact, mix 25% of your retirement portfolio in EADIX and in ADVDX with 50% in a total stock market index fund (assume 2% yield and 2% dividend growth) gives a PORTFOLIO yielding 6% and a dividend growth rate of 6%.  So you have a 6+6 portfolio supporting 6+3 withdrawal.

Finally, looking at what the NAV of either fund has done, in the past, has absolutely no bearing on how those funds can support a retirement withdrawal rate, going forward.  That has ALWAYS been the problem with those strategies that rely on share price growth to fund those withdrawals.

Right on, Wes!  I hold ADVDX in a Roth IRA.  I believe it was T who originally proposed taking distributions on the quarter and re-investing all others-- thereby ensuring a growing share and income stream.  I adore the strategy and plan to implement it when the time comes-- in the meantime I'm re-investing all distributions along with contributing to the fund every month, watching the shares in my account increase rapidly.  The value of holding ADVDX depends on how one uses the fund; it's certainly not for everyone and I'd be the first to say Jill and Kevin may not be the world's greatest stockpickers.  YTD performance in 2008 has been subpar by any standard.  Still, for all its faults, I like the fund.

Jim7872

El Lobo.......

I just finished up my daily 3 mile walk, and I was thinking on those very same lines, maybe not that combo, but in the same basic church......

"Having half of your portfolio in a fund that yields 6% and has a dividend growth rate of 18%, and half in another fund with a current yield of 15% and a dividend growth rate of zero gives a portfolio with a weighted yield of 10.5% and a dividend growth rate of 9%!"

 =================

Truth be told:

As a younger retiree I would much rather have and would be much better off over time with an initial yield of 6% with strong growth of that payout per share over time. In 4-5 years at an 18% div growth rate the yield on cost would be 12%, and of course 4-5 years after that, 24% on cost......These are exactly the kinds of numbers individual stock investors are discussing, but here one can do it with more diversifcation, and with a mutual fund.....

Best,

t

Taylor,

"These are exactly the kinds of numbers individual stock investors are discussing, but here one can do it with more diversifcation, and with a mutual fund....."

Whenever I retired 5 years ago, neither fund was around.  My only choice for high yield investments was a junk bond fund (high initial yield, zero, or slightly negative, yield growth rate) and individual stocks (high yield and positive dividend growth rate).

Since then, I've reduced the number of individual stocks that I own and started using CEFs.  I held a significant position in ADVDX until this year, whenever I moved that money into AOD (the CEF version of ADVDX) and AWP (another Alpine CEF, i.e., ADVDX for foreign real estate securities).  This has increased the diversification aspects of my portfolio quite significantly.

Currently, the only individual stocks that I hold are FRO, ALD, ACAS, ERF, PGH, EVDVF, and MMAB.

The beauty of using only the yield income from your portfolio is it's simplicity.  If those yield dollars show up in your money market account each month/quarter, you can withdraw and spend them.

And don't forget the discounts/premiums of CEF that allow for capital gains and loss selling and the same with funds when you're reinvesting some part.  Sometimes there's irresistible opportunities for tax loss selling and just buy a comparable fund when you're not wedded to just one thing.

Roberta 

Re: Tax Loss Selling.........

For 31 days one can always throw assets in cash/and back, and into the same one thing........:-)

t