I am replacing ATIPX with a new mutual fund PAXHX in my account. I will not sell ATIPX yet, but I will not be buying this mutual fund anymore. I am “putting this fund on the shelf“. Reasons for not buying this fund anymore are:
- ATIPX is no longer an NTF fund, so I cannot be investing small amounts without paying a fee.
- ATIPX is no longer provided by my broker.
- PAXHX has better performance, dividend yield and distribution yield (see below).
Here is a short comparison:
| Compared Funds | PAXHX | ATIPX |
| High Yiled Bond | High Yiled Bond | |
| NTF, No Load | No Load | |
| Expense Ratio | 1.04% | 1.24% |
| Fund Price (11/30/2010) |
$7.79 | $9.26 |
| YTD Return (11/30/2010) |
+9.72% | +9.23% |
| Distribution Yield (TTM) (11/30/2010) |
8.25% | 6.10% |
| Dividend Yield (11/30/2010) |
7.57% | 5.61% |
| Portfolio Turnover | 58% | 155% |
Based on the above data I will be now investing into PAXHX fund.
It is usually difficult to find advised individuals about this matter, you seem like you understand what you are dealing with! Cheers