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Charles said:Yield’s getting harder this year. Unless you can stand volatility via leverage perhaps in a CEF or something like XOM or XLE.
Yield’s getting harder this year. Unless you can stand volatility via leverage perhaps in a CEF or something like XOM or XLE.
Pretty much all of the top holdings are either futures or swaps. Fund data and research providers, like Morningstar, as well as most institutional investors, are not capable of netting those swap positions against thousands of bonds, some of which are not easily priced. It is worth noting that the sum of top 10 derivatives positions is negative 32% and, on top of that, the fund turns over its entire portfolio every other month (472% turnover), rendering intermittently disclosed holdings snapshots useless.
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