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2 Top Income Funds

Principal Global Diversified Income and Hartford Balanced Income are worthwhile multiasset funds delivering both income and total return.

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Janet Yang: Income has been a hot topic these last few years, and multiasset income funds have received a lot of investor attention. Today, let's talk about two of the top funds in the space. They both produce income to varying degrees, but just as important, Morningstar analysts also think they're worthwhile on a total return basis.

First, Principal Global Diversified Income is a good choice for investors looking for a fairly consistent stream of monthly income. The spikes in this chart's blue line shows that each December, the fund also tends to throw in a year-end income kicker. That pattern stems from a few areas, including year-end dividend payments. Over the last five years, through the end of October, investors have seen an average 12-month trailing yield of about 5.1%.

Janet Yang, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.