Exchange-traded funds, or ETFs, are a convenient and cost-effective way for investors to own a diversified, professionally managed portfolio of securities. The basics of ETF investing are easy to understand, and they trade on all major exchanges just like shares of common stock do.
Most dividend-paying ETFs distribute dividends quarterly, but not all of them. Many funds have elected to pay income monthly. This can be helpful to retired people and others who depend on their investments to supplement their incomes.
If you’re an investor who appreciates the ease and simplicity of ETF investing and are intrigued by the idea of monthly income, the following list is for you.
This post originally appeared at U.S. News & World Report.