A new ETF from Vanguard that might be of interest.
- VRIF ETF is made up of eight existing low-cost underlying Vanguard index ETFs and features a management fee of approximately 0.31%.
- The stocks-bonds mix is 50-50.
- Designed to pay monthly income targeting a real-world 4-per-cent yield.
- Dividends and interest income will account for about 60 cents per $1 of income, with capital gains providing the other 40 cents.
- An ETF designed for generating income, not for growing your money.