During the years 2007-2008, I switched from some growth funds to FHIGX, When the price of this fund dropped, the yields increased, so the final annual return of this fund was about 12%. This was better than the return on growth stocks during the same period after their average recovered to the level 2 years ago in Mar. 2009. Besides the high yields during the the 2007-8 years, there was also the effect of dollar-cost-averaging, i. e. you pick up some very low priced shares when you reinvest the "dividend" into the fund account. Even though the level of the yield is low nowadays because of the Feds interest rate, I still think that the investment in this fund under the present market condition should be better than equity funds in the long run.