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I'm curious now about PONDX after reading Bee's input on it being her favorite "sleep good" fund. I'm generally skeptical about Pimco funds because I don't understand what they do with derivatives and shorting and all the currency games they play. Not that all that is a bad thing, just hard to get my head around it. M* lists it as a multi-sector bond fund but is it a 'normal' multi-sector bond fund?
This fund is being mentioned as a high return (~10%) low risk fund, but doesn't the hedging techniques cause other risks? Or do these technique actually work to control risk. That's the part I can't get my head around.
This sounds like a nice fund, almost to good to be true(?) Can anyone share more light on how it gets it's peer beating returns?