What are your thoughts on this one? I'm always skeptical of anything to good to be true...but this fund has an exceptionally narrow 52-week trading range of 10.29 to 10.36, yields 4.63%, a long and successful run before the Sound Point Fund was picked up by American Beacon, and is up 1.83% YTD. Floaters are usually fairly volatile but this fund is run to be low vol, and has lived up to that promise. With rising rate expectations, this would appear to be a holy grail, but alas there are few such beasts. Where does the danger lurk...or should we be buying with both fists.
PS. Pimco Income has been my go to for years and is still my mainstay in the bond space, but I just can't believe that its significant out performance won't mean revert at some point and so I will not increase my already full position.