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@davidmoran: DSEEX routinely, monthly in fact, delivers almost 3% in distributions. Unless you buy a leveraged CEF, it's hard to find more yield than that. I don't mind reinvesting the distributions on my positions in DSENX; sometimes I'm buying cheap shares.
3% is good? I must say I'm pleased with PRSNX (3.67% yield) and PTIAX (4.84% yield.). Please, for those who know more than I do: why is this NEW fund advertised as an "income" fund? Is that not the raison d'etre of bond funds generally? Most of DL is bond funds, eh?
Please, for those who know more than I do: why is this NEW fund advertised as an "income" fund? Is that not the raison d'etre of bond funds generally?
There are income funds and there are total return funds. From one of many articles about Bill Gross' retirement:
“His real claim to fame was pioneering total return investing in fixed income,” said Miriam Sjoblom, director of fixed-income ratings at Morningstar. “That means you are not just concerned with collecting income. You are concerned with price appreciation and avoiding losses.
“The fact that he was able to popularize a style of investing that didn’t focus on yield changed the industry,” Sjoblom said.
DoubleLine confuses matters by calling its fund an income fund while stating that its objective "is to maximize total return". Compare that with, say, DODIX, which says that it "seeks a high and stable rate of current income, consistent with long-term preservation of capital. A secondary objective is to take advantage of opportunities to realize capital appreciation." (Quotes from funds' respective prospectuses.)
Maybe just a matter of degree these days, with everything giving a nod to appreciation.
Comments
Regards,
Ted
https://www.reuters.com/article/us-funds-doubleline/jeffrey-gundlachs-doubleline-launches-income-fund-sec-filings-idUSKCN1TD2OS
DoubleLine confuses matters by calling its fund an income fund while stating that its objective "is to maximize total return". Compare that with, say, DODIX, which says that it "seeks a high and stable rate of current income, consistent with long-term preservation of capital. A secondary objective is to take advantage of opportunities to realize capital appreciation." (Quotes from funds' respective prospectuses.)
Maybe just a matter of degree these days, with everything giving a nod to appreciation.