|Expense Ratio (net)||0.69%|
|Category||High Yield Bond|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||High|
|Beta (5Y Monthly)||-0.29|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Oct 31, 1977|
The new pandemic is clearly taxing the financial markets, making dividend mutual funds an attractive proposition among a few other investment instruments.
Dividend investing is a favored strategy among many investing icons (Warren Buffett comes to mind) because income provides a cushion to your portfolio. When prices decline, a regular dividend can buoy your total return, helping to keep you from making panicked decisions. And if you reinvest those dividends, you can enjoy the benefits of compounding over time.However, while dividend investing certainly can be a lucrative strategy, managing a portfolio of dividend-paying stocks isn't for everyone. If that's your situation, a simpler and more diversified approach is to invest in dividend mutual funds. Mutual funds packed with income plays can provide a healthy yield without the need to select and monitor each individual company yourself, not to mention buying and selling more as their attractiveness ebbs and flows. And since dividend mutual funds typically hold hundreds of companies, you can easily create a diversified income-generating portfolio with just a handful of funds.Here are five dividend mutual funds yielding 3% or more to diversify your dividend portfolio. SEE ALSO: The 25 Best Low-Fee Mutual Funds to Buy in 2020
BlackRock High Yield Bond's BRHYX Analyst Rating increased to Gold from Silver because its distinctive and versatile approach benefits from one of the strongest teams in the high-yield Morningstar Category. The managers have leveraged an expansive tool kit and the firm's impressive resources to navigate through various market environments and maintain the fund's edge over time. Its thoughtful approach to portfolio construction has been well-executed over the strategy's short history, which dates to a similarly run separate account's 2014 inception.