Stocks have started off the year strong, with the S & P 500 currently on track to notch a 5% gain for the month of January. But while investors have been riding positive momentum to begin the month, they’re also bracing themselves for another year of uncertainty as they navigate the chances (and the severity) of a recession, and growth and inflation dynamics. CNBC Pro found four income funds that have performed well over the past three years, which could be opportunities for investors searching for reliable income as the year progresses: The BNY Mellon Income Stock Fund , Neuberger Berman Dividend Growth Fund , Invesco Value Opportunities Fund and Invesco Comstock Fund . Here are the funds: Three stocks stand out as being among the most heavily weighted across three of the funds: JPMorgan , Goldman Sachs and Caterpillar . Financial services names make up a large part of both the BNY Mellon and Invesco Comstock funds, with roughly 30% and 22% of the funds’ investments in the sector. Both of them, as well as the Neuberger fund, include JPMorgan, which is the single biggest weighting in the BNY Mellon fund. The same three funds also hold Caterpillar, which is up 8% this year to an all-time high, and which some on Wall Street see being a beneficiary of rising commodities prices and stepped up infrastructure spending. Goldman Sachs is another favorite financial stocks, being heavily weighted in the BNY Mellon and both Invesco funds. It’s up about 2% so far in 2023. Bank of America turned up in two of the funds. Elsewhere, energy stocks Hess and Exxon showed up in two of the four funds. Neither is in the Invesco Value fund although it does dedicate more than 18% of its investment in the energy sector, including such stocks as APA Corp and ARC Resources.
Favorite income ideas of top performing funds cluster around similar stocks