Originally Posted by WilliamG
I thought that the distribution was always going to be revised on an annual basis tied to the NAV at that time; i.e., folks will be getting their x% next year but it will be less than the past year. Kinda like an RMD that fluctuates with market value. If so, does anyone know when this revision takes place; i.e., maybe now on calendar year or on a fiscal year based on when the funds started?
This is true. According to the prospectus, the payout will be adjusted annually and tied to the previous 3 year fund performance:
It is possible for a Fundís monthly distributions to increase or decrease from one year to theintermediate, or even long periods of time.
next because the scheduled monthly distributions during any calendar year are based on the
Fundís performance over the previous three years. There can be no assurance, and there is
no guarantee, that the Funds will provide a fixed or stable level of cash distributions at any
time or over any period of time. An investment in a Fund could lose money over short,