Q: Hi Peter,
My question is about Fidelity Monthly Income fund. I am looking for some diversification to my equity holdings. And would like to get an income fund that pays preferable a monthly dividend. I would also look at quarterly dividend. My question is does fidelity monthly income pay a dividend that would capture the dividend tax credit or is there a return on capital/interest component to it. Also what do you think of the fund and is there another you like that would check my box. thanks
My question is about Fidelity Monthly Income fund. I am looking for some diversification to my equity holdings. And would like to get an income fund that pays preferable a monthly dividend. I would also look at quarterly dividend. My question is does fidelity monthly income pay a dividend that would capture the dividend tax credit or is there a return on capital/interest component to it. Also what do you think of the fund and is there another you like that would check my box. thanks
5i Research Answer:
The fund is 55% equities and 45% fixed income. Taxes are passed through to investors, and the...