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.
2. Remember that the median credit quality on the fixed income portfolio in this fund is around B; it's a high yield, short-duration portfolio. So I think the idea is that the income compensates for any weakness in the bonds' valuation.
Just a couple of unsophisticated thoughts. Definitely recommend a review of the extensive materials on this fund on the Osterweis web site.
Comments
1. Are you taking into account the income distribution on June 14? (See http://www.osterweis.com/default.asp?P=518012&S=518015)
2. Remember that the median credit quality on the fixed income portfolio in this fund is around B; it's a high yield, short-duration portfolio. So I think the idea is that the income compensates for any weakness in the bonds' valuation.
Just a couple of unsophisticated thoughts. Definitely recommend a review of the extensive materials on this fund on the Osterweis web site.
gfb