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David posted a link to the recording (and wrote a summary of the call) so you should listen to that if you haven't already. Overall, I thought the call was very helpful and gave me a lot of confidence in the manager and his strategy.
One thing that stood out to me in particular is that the fund is really quite conservative, despite the name and yield. The manager puts a lot of research and effort into making sure that principal is preserved. There were a couple of examples given in the call.
Reply to @claimui: I now have 10% of my portfolio in RPHYX. I just wish I could afford institutional shares, which require $1M minimum even through Schwab Institutional.
Comments
One thing that stood out to me in particular is that the fund is really quite conservative, despite the name and yield. The manager puts a lot of research and effort into making sure that principal is preserved. There were a couple of examples given in the call.