High-yield/macroeconomics (fka YIELD)

[abreis]

KF and buying before the announcement..

Sorry, but unless you have inside info it doesn't pay to buy before any announcement on a large distribution. With lack of a broad following of KF you do have a slight advantage.

My recommendation is to go with the track record of the fund and see historically how it performed after a large payout announcement. Also, don't forget the quality of the stocks they're holding in the fund and the payout of the dividend.

RE. ADVDX I've had this fund for almost a year and yes, it basically follows the strategy you outlined. I also like their stock picking as they tend to go with solid companies. The only downside I see is the volatility of the Standard and Poors which greatly affects the fund.

FWIW