Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
No idea what JG meant, but if you're asking about PIMIX, the NAV lost about 2.2% yesterday, but ~ 1% of that was a distribution.
If JG did mean Pimco Income, it's done better than his flagship fund in just about all time periods this year. Even with that loss, PIMIX still beats DBLTX in total return in December so far.
This year JG has been off on many aspects of bond investing. He was recommending long bonds as the interest rate was climbing, These days I don’t pay much attention to him and his funds.
The one JG thing I try not to miss is the annual "Just Markets" webcast. It's always a deep dive into data I rarely see explored elsewhere, with little pure opinion, and what there is of that is pretty clear so can be ignored if that's a listener's pleasure. It's January 10 this year, access from the D'Line site.
Comments
If JG did mean Pimco Income, it's done better than his flagship fund in just about all time periods this year. Even with that loss, PIMIX still beats DBLTX in total return in December so far.