Income Factory Continues To Churn Out Cash At 11.5%; Total Return 21.6% For 6 Months

I am pleased with the performance of our Income Factory™ as it churns out a cash distribution yield of 11.5% for re-investment and compounding.While also earning total return for the first 6 months of 21.6%.That\'s up another 3% from the strong out-of-the-box pace of the first quarter.Our Income Factory™ continues to do what it is supposed to, churn out cash at an "equity return" rate (plus/minus 10%) or higher, that we can re-invest to create our own long-term growth, regardless of how the market chooses to value our "factory" (i.e. our portfolio) from time to time.Meanwhile it has done very well on the total return front, racking up paper profits on top of the strong cash flow, more than offsetting the paper losses suffered in 2018.Of course, true Income Factory aficionados don't get too excited about market appreciation, since it actually raises the price and lowers the yield on the "raw material" we continually purchase as part of the re-investment and compounding process. But we are all human and do get a warm fuzzy feeling when we see our investments go up in price, especially if we've just gone through a previous six months like the latter half of 2018, when Mr. Market was re-pricing much of our portfolio in a negative direction.Of course, the irony of that was how last year's severe market drop actually put money in our pockets (current and future) by raising our re-investment rate to record levels and allowing us to grow our income stream faster than we would have been able to had the market been flat or rising. (Here's the linkto that article.)This chart shows the current distribution of our portfolio. If it looks familiar, don't be surprised, since I have only tweaked it a bit since April, generally to take advantage of relative values (premiums and discounts) that may have emerged since then.

Here are some specifics:Here is the current portfolio:I have not had a chance to run the numbers on how our Widow & Orphans Income Factory is doing, but will try to get that out shortly. Even though that is a theoretical portfolio, rather than a real one, it is useful to see how a lower risk/reward targeted strategy matches up with our "classic" Savvy Senior Income Factory.In the meantime, thanks to all of my readers and followers, and especially to other contributors who continue to serve up ideas and analysis that are so helpful to me and others here on the SA site.(If you like the "Income Factory" approach to investing, please check out my other articles and consider "following" me here on Seeking Alpha. My book "The Income Factory: An Investor's Guide to Consistent Lifetime Returns" is currently in the works and is due to be published by McGraw-Hill in January 2020.)I am/we are long ECC, OXLC, CEN, OCCI, GHY, BGH, FGB, ACP, NHF, IVH, BGB.I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Additional disclosure:I am long all the funds listed in the Income Factory portfolio, listed in the table.