How often do payouts occur for the Income Portfolio?
We believe you should get the payout as soon as it’s distributed, and so we don’t aggregate the underlying funds’ payouts to smooth out the distribution over the course of a year. In other words, you may not get the same payout every month with us, but instead, you get the payout as soon as your investments earn income. There could even be months in which no income is paid out at all, as none of the 6 ETFs distribute dividends in those months.
To account for the ETFs’ various payout schedules, some fund managers hold back payouts to smooth out their client’s monthly payouts. Our Income Portfolio has a reliable schedule throughout the year that is based on when each of the 6 ETF funds distribute their income.