The Globe and Mail reports in its Saturday edition that you might think of restaurant royalty funds as comfort food in the market chaos. The Globe's John Heinzl writes that with many royalty funds having fallen in price, their high yields have gotten even tastier. Pizza Pizza Royalty, for instance, currently yields about 7 per cent. Keg Royalties Income Fund and Boston Pizza Royalties Income Fund both pay more than 8 per cent, while SIR Royalty Income Fund yields more than 9 per cent. High yields are not the only thing to like about restaurant royalty funds. Thanks to their top-line royalty structure, these securities are insulated, to an extent, from increases in labour and raw materials costs and other factors that can play havoc with restaurant companies' profit margins. As a result, while business would be expected to soften in a recession as consumers eat out less often, sales will likely hold up better than restaurants' bottom lines. That's not to say these securities are risk-free. During the COVID-19 pandemic, dining establishments saw their sales plummet as many chains closed their doors temporarily or limited customer capacity. As a result, royalty funds slashed their distributions, and share prices collapsed.