Anybody buying this year? Seems like a no brainer.
I just checked our two accounts and found they have different values although we bought $10,000 in 2021 and 2022 on the same days. Should interest be the same?

Yes, I'm still holding my bond funds into '23. TUHYX and PRCPX. Same logic as @hank above. I hit a personal, psychological dollar-limit in TUHYX, so I opened up a position in the other one. Still holding financials via PRISX, but at quite a reduced size.... Happy New Year. Overcast here this morning, but no rain predicted. At 8:27, we've got 73 degrees. We live right behind the hospital building, which is behind this church, though that's not "my" church. The hospital has the orange color on its top edge.
ALOHA!

GULP !!! Well, I was hoping for a full on BOND rally in the last week of this year. :) Oh, well; couldn't expect to recover 13% average losses in plain jane, broad-based bond funds in this last week of this business year, with two holidays and shortened trading periods. Bonds in all durations gave back some gains from recent weeks. Bonds, yields, inflation continue to be discussed in various threads; which will impact bond pricing going forward. I've nothing constructive to add this week; and will await the mood swings of the global cash flows of the big players and their 'bets', going into the New Year of mystery.
NOTE: Relative to bonds and no market support in 2022; a 50/50 mix of a broad based U.S. equity index and a broad based U.S. bond index had a combined total return of -16.32 % for 2022. The indexes I used are VITPX and VBMPX ,which are inside a 529 college account.
---Several selected bond funds returns since October 25, 2022. I'll retain this date, as it is a recent inflection point when bonds began to have positive price moves. We'll need to watch if this was just a 'blip'.
NOTE: I've kept the prior dated reports in the beginning of this thread; and have added YTD to this data.
For the WEEK/YTD, NAV price changes, December 26 - December 30, 2022
--- AGG = -1% / -13.02% (I-Shares Core bond etf) widely used bond benchmark, (AAA-BBB holdings)
--- MINT = -.01% / -1% (PIMCO Enhanced short maturity, AAA-BBB rated)
--- SHY = -.18% / -3.88% (UST 1-3 yr bills)
--- IEI = -.58% / -9.5% (UST 3-7 yr notes/bonds)
--- IEF = -1% / -15.2% (UST 7-10 yr bonds)
--- TIP = -.46% / -12.2% (UST Tips, 3-10 yrs duration, some 20+ yr duration)
--- STPZ = -.22% / -4.47% (UST, short duration TIPs bonds, PIMCO)
--- LTPZ = -1.1% / -31.7% (UST, long duration TIPs bonds, PIMCO)
--- TLT = -2.55% / -31.2% (I shares 20+ Yr UST Bond
--- EDV = -3.3% / -39.2% (UST Vanguard extended duration bonds)
--- ZROZ = -3.67 / -41.3% (UST., AAA, long duration zero coupon bonds, PIMCO
--- TBT = +5.4% / +93.3% (ProShares UltraShort 20+ Year Treasury (about 23 holdings)
--- TMF = -7.9/ -72.6% (Direxion Daily 20+ Yr Trsy Bull 3X ETF (about a 3x version of EDV etf)
--- BAGIX = -.58% / -13.35% (active managed, plain vanilla, high quality bond fund)
*** Other, for reference:
--- HYG = -1% / -11% (high yield bonds, proxy ETF)
--- LQD = -1.52% / -17.9% (corp. bonds, various quality)
--- FZDXX = 4.26% yield (7 day), Fidelity Premium MMKT fund
*** FZDXX yield was .11%, April,2022. The rate of rise in the yield remained flat this week.

Remain curious,
Catch

They settle on a relatively consistent, usually conservative monthly distribution early in the year, with the result that most years, there's excess income to distribute at the end of the year.
This is by design. Many CEFs including PDI have a managed distribution policy. It's a little hard to see this in the prospectus, but it is there.

Closed-end fund managed distribution programs are designed to facilitate regular, relatively consistent distributions to shareholders, typically by:

1. Estimating a fund’s long-term total return (both income and long-term appreciation, net of expenses)
   
2. Setting a regular monthly or quarterly distribution amount intended to match the fund’s total distributions to its total return over time

https://www.nuveen.com/en-us/insights/closed-end-funds/understanding-managed-distributions
From the PDI prospectus:

The Fund makes regular monthly cash distributions to Common Shareholders at a rate based upon the past and projected net income of the Fund. Subject to applicable law, the Fund may fund a portion of its distributions with gains from the sale of portfolio securities and other sources. The Fund’s dividend policy, as well as the dividend rate that the Fund pays on its Common Shares, may vary as portfolio and market conditions change, and will depend on a number of factors.

RPHYX/ RPHIX doesn't manage its distributions. Generally, what you see (earn as income) is what you get (as income divs).
----
David Sherman's CrossingBridge Pre-Merger SPAC ETF, ticker SPC, also gave a .24/share distribution yesterday. Nice Christmas present from these 2 holdings.
I hadn't taken a close look at SPC. Interesting fund. Follows Sherman's RPHYX approach of investing in "remnants", but in a different pool ("money good" SPACs, i.e. ones "trading at par value or at a discount" ).
These divs come out of NAV, unlike divs in funds that declare divs daily. Whether the fund sells more assets to pay a larger div, or the shareholder sells shares to generate the same cash flow, the effect is the same.
This is why I prefer to focus on total return. Though I do understand that receiving a dividend (especially a large one) "automatically" somehow feels different.

Fund: I'm not unhappy with my TRP Equity-Income fund: PRFDX. Quarterly dividends there. The ETF version is TEQI. (PRFDX for 2022 is down by -3.57%.)
Like @Mark above, I can't tell whether you're ONLY looking for funds, or perhaps also single stocks.
I own and am pleased with ET. But lots of people don't like those Limited Partnerships because the K-1 tax statement always comes very late. So, you can't file your taxes early, if that's a priority. This is my first year with it. I've not had to deal with that, yet. When the K-1 comes, it comes, I guess.
You might want to look at FNLC. (down for 2022 by -5.55%.) and NHYDY. (Down for 2022 by -4.2%.) Very good dividend payers. I do not own FNLC. But everything about it looks solid to me.
My junk bonds are paying great dividends these days. PRCPX and TUHYX. Price is depressed in '22 and into 2023. But remember the 1st Rule: "Buy low, sell high."
THYF is the ETF version of TUHYX. It's very new. TRP website is useless about it, almost zero info, statistics. But WSJ webpage says it's paying a 9% yield. Share price is at $50.39. Good luck. Or, "break a leg," or something like that.

Pimco has a habit of making special December income distributions, larger than the previous months' in their OEFs and CEFs (maybe their ETFs too, don't have much experience with them). They settle on a relatively consistent, usually conservative monthly distribution early in the year, with the result that most years, there's excess income to distribute at the end of the year. No idea if that's what's at work w/ Riverpark.
Two Pimco examples from this year: PDI had a consistent 0.2205 income distribution through the year and then issued a special income distribution of 0.65 Dec 27; PIMIX (which somewhat uncharacteristically boosted the monthly twice during the year) put out a special income distribution of 0.1036 the same day.
I'd guess that funds with shorter durations (and/or high turnover) during a period of rising rates might tend to land in that situation -- as they replace lower yielding securities with higher yielding ones.

Been stalking several ETFs with decent Divy payouts:
FDL - 4.7% estimated distrib yld, 4.3% 30 day SEC yld pays Qtrly
SCHD - 3.4% estimated, 3.2% 30 day SEC yield pays Qtrly
WDIV (Global)- 6.7% estimated, 4.75% 30 day SEC yield pays Qtrly
Alternate suggestion:
JEPI (option income) - 11.6% est, 14% 30 day SEC yield pays MONTHLY

@yogibearbull
Thanks for the correction. The PE of VWINX is still pretty close to SP500 at 13.5 but M* has in in Large Value. Probably correct but not deep value

@carew388, CEFConnect Screener shows that 51 out of 447 CEFs are unleveraged. So, most are leveraged. Bond CEFs are more highly leveraged than equity/hybrid CEFs.
https://www.cefconnect.com/

RPHYX / RPHIX just paid a whopping monthly interest dividend - over 5x the next largest monthly dividend in 2022. For RPHIX, it was 14.11¢ per share vs. 2.5*¢ per share in Aug, Sept, and Oct.
This pattern of larger (but not this large!) December divs seems to have started in 2020, when the Dec div was about 10% higher than the next highest monthly div, and accelerated in 2021, when the Dec div was double that of the next highest monthly div.
http://riverparkfunds.com/assets/pdfs/rpsthyf/RiverPark_Short_Term_High_Yield_Institutional.pdf
http://riverparkfunds.com/assets/pdfs/rpsthyf/RiverPark_Short_Term_High_Yield_Retail.pdf
Any guesses as to what's happening? This fund does not invest internationally so currency hedging cannot be the cause, which is what Yogi speculated could explain FMIJX 's large div.
All I've turned up so far is Russell Investment's generic explanation for variable December income divs:

The last distribution of the year in mid-December may vary from other monthly distributions more significantly. This distribution reflects actual income received by the fund for part of the month of December plus an estimate for the remainder of the month of December. Also included in these distributions are tax adjustments and adjustments required as a result of the audit of financial statements, reflecting the full year of operations of a fund. Therefore, these adjustments may significantly increase or decrease the mid-December distributions relative to other monthly distribution

https://russellinvestments.com/-/media/files/us/funds/income-dividend-distributions-004519958.pdf
Setting aside mid-month estimates (Riverpark distributes at end of month), that leaves tax adjustments and financial statement adjustments. Whatever those mean.
---
This fund is mostly closed to new investors. The only investors who may open new accounts are those who already hold an existing account with the fund, or invest directly through Riverpark, or "are clients of any financial adviser or planner who has client assets invested in the Fund.”
http://riverparkfunds.com/assets/pdfs/RiverPark_STHYF_Summary_Prospectus.pdf
This is why the fund is closed through intermediaries like Fidelity, Schwab, and Vanguard. But RPHYX does seem to be open at Firstrade and at E*Trade. Even more interesting is that RPHIX seems to be open to new investors at E*Trade with no transaction fee, albeit with a $100K min.

New purchases: CTRA 6/22, EOG 12/21, NextEra 9/22.

LINK1
COVER STORY, ”The Best INCOME Ideas for 2023”. (I have arranged the orders as OEFs, ETFs, CEFs, individual securities)
Energy Pipelines: AMLP, NTG, EPD, ET, KMI, WMB
US Dividend Stocks: SCHD, NOBL, VYM, KBWB, C, INTC, JPM, PNC, USB
Foreign Dividend Stocks: IDV, SCHY
Real Estate: VNQ, RQI
Convertibles: MCIFX, CWB, AVK, busted convertibles
HY: HYG, HYT, JQC
Munis: PHMIX, VWITX, NEA
Preferreds: PFF, PFFR, JPM-M, T-C, WFC-Z, REITs-preferreds
Telecom: T, TMUS, VZ
Cash Alternatives: VMFXX, VUBFX, BIL, SHV, 3-mo T-Bills, T-Bill ladders
Treasuries: SHY, TLT, STIP, TIP
Utilities: XLU, UTG, DUK, ED, NEE, SO, XEL
UP AND DOWN WALL STREET. The Fed RATE hikes and yearend tax-loss harvesting (TLH) have depressed bond CEFs including the MUNI CEFs. As there isn’t any systemic problem looming in the muni market, these may be good for trade with small amounts: NEA, NAD, BTT, NVG; unleveraged NUV.
LINK2
CRYPTO ice age or not, FIDELITY is pushing ahead with its crypto initiatives (institutional, retirement, retail). It says that it wants to provide its clients with choices. Its digital assets unit has 500+ people and hiring continues. It will offer Bitcoin within its 401k and more cryptos on its regular platform. Lawmakers, the SEC and DOL have been warning firms and investors. Critics point to FOMO; despite an early start, Fido missed the train on ETFs. Fido is counting on first-mover advantage by lending its reputable name in a devasted, washed-out and scandal-ridden industry. It has urged the SEC to approve “physical” crypto ETFs; its own application was rejected by the SEC (like many others), but Fido is moving ahead with ETFs in crypto-related areas (FDIG, etc). It sees its competitors as HOOD, COIN, PAYPL, SQ, etc. Although financial risks are small for Fido, it risks regulatory risks and reputational damage if things go wrong. Other major brokers (SCHW, IBKR) are watching.
FR/BL funds offer attractive yields (SOFR + 400-500 bps spreads; SOFR is a LIBOR alternative) from lower-quality credits. That is a big risk in recession, especially when many such loans are covenant-lite. Beware of (unmanaged) index funds in specialized and illiquid areas. Hybrid PRWCX manager GIROUX has 15% in FR/BL. Also mentioned are OEFs BFRAX, FFRHX, FRFAX, PRFRX, etc and ETFs BLKN, SRLN, etc. By @LewisBraham
Brian DEMAIN of mid-cap growth JDMAX (ER 1.12%; load 5.75%) watches upside/downside capture ratio (U/D CR); discounted cash flows; sustainable growth; GARP. Fund has low turnover due to its longer-term horizon. In 2023, the cost of capital will be higher due to Fed rate hikes; some growth multiples are still too high; inflation should moderate; the economy will slowdown. His current themes include EVs; semis; renewables; sport franchises.

There is lots of red in that chart - not much helped in 2022! Hopefully, 2023 will be a better year for investors.

While the historical contexts are very different, I can’t help thinking on the last day of the trading year of Whitman’s opening lines in “O’Captain”:
”O Captain! my Captain! our fearful trip is done,
The ship has weather’d every rack, the prize we sought is won …”
A year when very little worked. Our best laid investment schemes wracked by escalating war in Europe and resultant shortages, transient inflation that wasn’t and a Fed seemingly hell-bent on pushing the economy into recession. Wishing all a smoother voyage in 2023.

https://www.sec.gov/Archives/edgar/data/932101/000092881622001385/a_prpfsupp.htm
497 1 a_prpfsupp.htm PUTNAM INVESTMENT FUNDS
Prospectus Supplement December 30, 2022
Putnam PanAgora Risk Parity Fund
Prospectuses dated December 30, 2022
At a meeting held on November 18, 2022, the Board of Trustees of Putnam Investment Funds (the “Trust”) approved a plan to liquidate Putnam PanAgora Risk Parity Fund (the “Fund”), a series of the Trust (the “Plan”), upon recommendation by Putnam Investment Management, LLC, the Fund’s investment adviser. The liquidation of the Fund is expected to occur on or about January 26, 2023 (the “Liquidation Date”), although the Fund may make dispositions of portfolio holdings prior to the Liquidation Date.
Effective as of December 9, 2022, the Fund will be closed to new purchases, other than the automatic reinvestment of dividends, in anticipation of the liquidation. Shareholders can redeem their shares from the Fund at any time on or before the close of business on January 26, 2023 at the then-current net asset value.
As soon as reasonably practicable after the Liquidation Date, after the payment of (or provision for) all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Fund, and after determination of any dividend(s) to be paid pursuant to the Plan, the Fund will liquidate its remaining assets and distribute cash pro rata to all remaining shareholders as of January 26, 2023 who have not previously redeemed all of their Fund shares or exchanged their Fund shares for those of another Putnam fund.
Shareholders should consult their tax advisors about the tax implications of the liquidation of the Fund.
332415 - 12/22

I sold my VWINX in 2021 bothered by the duration. I am unsure why the managers did not reduce the duration going into 2022 given the likelihood that interest rates would spike. I have to assume that they felt many of their customers wanted income but the difference between the yields of their bonds and MM was small. VWINX has rather promoted itself as a "low volatile" fund, which was not the case this year.
If they are really bumping up their exposure to Growth, I wonder if they are ready for the increased volatility that may result if interest rates don't come down. It would seem that the bonds and higher growth names will both dive if interest rates bump up

Bought additional VPMCX shares to reach the annual purchase limit.
Sold stable value fund and bought DOXIX in 401(k).
This is the reverse of a trade executed on 12/31/21.
Bond fund yields are much more attractive today compared to last year.
Although the Fed Funds Rate may continue to increase,
I believe the bulk of rate increases have already occurred during this cycle.

TIAA Traditional Rates, January 1, 2023
Restricted RC 6.50%, RA 6.25%
Flexible RCP 5.75%, SRA 5.50%, Newer IRAs 3.65%
https://ybbpersonalfinance.proboards.com/thread/142/tiaa-traditional-rates-monthly?page=2&scrollTo=880
TSP G Fund hasn't updated yet for 01/2023 (12/2022 rate was 3.875%).
https://www.tspfolio.com/tspgfundinterestrate

@Old_Joe - Assuming AAA rated bonds and bond-like securities (including CDs) of the short to intermediate term variety compete to some degree in the marketplace for investor inflows, does the following help explain what has happened to CD rates of late?
”The interest rate of I bonds for the past six months was 9.62%, the highest yield this savings bond has offered since its debut in 1998. The new inflation rate for I bonds is 6.89% and will last until May 1, 2023.”
Source
The I-bond rate is adjusted for inflation. The “official” inflation rate has fallen over the past 6 months, I-Bond rates have fallen a commensurate amount (about 3%). So, other AAA rated paper is likely to have reacted in similar manner in the marketplace. Not to say that a CD is like an I-Bond. Big differences. But they likely compete for inflows among similar types of investors.
(Not sure what an I-Bond’s duration is. However, I know they can be redeemed (for a small loss of interest) in as little as one year.)
One side note: I hear the words “risk free” tossed around a lot in regard to AAA / government / or government backed paper. ISTM there is the risk of not having that money readily available should opportunities arise in the equity, real estate, or other markets. In some cases that money is locked-in for a set time frame. In other cases there’s a penalty for early withdrawal. Just food for thought.

I still like VWINX/ VWIAX as a plain vanilla mix of div-stocks + inv-grade (mostly corporates). It is offered at ER of 23/16 bps only.
But I have shifted quite a bit into VG multi-asset VPGDX (similar to Fido FMSDX; allocation comparable to VWELX/ VWENX) that may have a better rebound potential.