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I'm a strong fan of Ivascyn, manager of the above funds. The mortgage-backed funds have been hit hard, more than a 10% drop this past month. 50% of PKO and PDI are in the 20-30 year duration category. Do you think the funds can recover in the next year or is it a really, really long time hold. Ivascyn continues to buy his closed end funds, but I'm beginning to waver. Thanks for you advice.
Comments
Not gonna make any predictions, especially considering the fact that CEF's trade at discounts/premiums. In the meantime, enjoy the ~7% yield.
FWIW, I think so, and my money is where my mouth is..