"It’s 24 years since the old AT&T was broken up," notes Roger Conrad in The Utility Forecaster. But you can still invest in the "old" AT&T via the AT&T Equity Income Fund (ASE: ATF).

"AT&T Equity Income Fund has remained a convenient way to hold the pieces. The fund isn’t actively managed but rather holds the pieces just as they’d show up in the account of an investor who never sold