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DoubleLine Total Return Lags 53% Of Peers In March: PIMCO Total Return Lages 95% Of Peer In March
I have not seen much on this site about getting out of Pimco. I do respect Gross as a manger but we have all read stuff about how difficult it is for a manager to make desired investments if the public is pulling out lot of money.
(On the other hand, Gundlach's DLFNX is in top 12% YTD, top 12% for the month of March, top 31% over the past year, and top 5%, looking 3 years back.) M* has DLFNX in the "Interm. -Term Bond" category with DODIX and many others. DLTNX is ......... ALSO in that same category......?????!!!!! "Total Return" is a different animal, I had thought. Go figure...
ACTUAL performance between them: YTD 1 month 1 year 3 years DLTNX +2.24 -0.25 +0.79 +5.84 DLFNX +2.57 +0.14 +0.59 +5.85
I chose not to follow the crowd into DLTNX and went to the much smaller DLFNX. I couldn't tell you what the difference in strategy might be..........
DLTNX/DBLTX is a mortgage fund; DLFNX/DBLFX is a core-plus fund.
On Pimco TR, BOND has almost doubled PTTRX's return YTD; Gross's ETF is again way outperforming the OEF, as it has for most of the time since BOND launched.
Comments
M* has DLFNX in the "Interm. -Term Bond" category with DODIX and many others. DLTNX is ......... ALSO in that same category......?????!!!!! "Total Return" is a different animal, I had thought. Go figure...
ACTUAL performance between them:
YTD 1 month 1 year 3 years
DLTNX +2.24 -0.25 +0.79 +5.84
DLFNX +2.57 +0.14 +0.59 +5.85
I chose not to follow the crowd into DLTNX and went to the much smaller DLFNX. I couldn't tell you what the difference in strategy might be..........
On Pimco TR, BOND has almost doubled PTTRX's return YTD; Gross's ETF is again way outperforming the OEF, as it has for most of the time since BOND launched.