distributions falling short of target
Defiance's SPYT target-income fund (advertised 20% yield) has delivered mixed results and its distributions have fallen, so I'm not impressed with its ability to reliably sustain the advertised payout without reinvestment.
Defiance's SPYT has cut distributions and failed to sustain its advertised 20% yield without reinvestment, undermining confidence in its reliability as a cash-income vehicle. Mixed total return results suggest the target-income mechanism is structurally insufficient.
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