Income investors don't have to pick specific dividend stocks and bonds to buy. They can instead put their money into funds. The best of these funds have managers with the expertise to find opportunities that individual investors would normally be unable to spot.

Pimco Dynamic Income Fund (NYSE: PDI) is a great example. Here's why buying this 14.5%-yielding fund could be a brilliant move.

Many income investors' mouths will probably water, thinking about a 14.5% yield. But the story for Pimco Dynamic income Fund (PDI) gets even better. This closed-end fund (CEF) pays its distributions monthly instead of quarterly.

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Source Fool.com