Definitely not a good fund choice for someone who wants to make choices about how and when they get paid from their investments. In fact, its pretty much set up for people who want to do exactly the opposite.
I would imagine there is a little excess return of capital right now because the investments may not be producing enough dividends and gains to pay the regular payments...buying equities and then liquidating them 28 days later to pay the bills wouldnt make much sense.
The funds arent fully invested yet, they arent invested in all of the asset classes they've laid claim to, and one of the funds/asset classes they may invest in doesnt exist yet.
So as before, I wouldnt jump into these without knowing what they are and what they're for. What they are is highly diversified, not US centric, make regular payments, and should be good long term investments for people who are retired and want the income without a lot of hands on rebalancing, selling and fiddling about.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.