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I like to follow these types of funds because, as the article points out, a fund manager has a lot to do with the overall performance. I have own PONDX and USAIX, both income funds, and would like to further understand this fund category.
Reply to @bee: The fund is considered risk adverse with respect to duration, credit, and interest rate. While the fund is consisted largely of convertibles and junk bonds, treasury is notably small. When the rate starts to go back up, this fund will do a whole lot better than Barclay Agg Bond Index (now it consists over 30% Treasury).
By the way this is one of fund used by BobC's clients.
Comments
Anyone have a favorite income fund?
By the way this is one of fund used by BobC's clients.