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A little complicated but appreciate you not dumbing it down for your investors. So bonds will be issued to be paid for leveraged loans that are out there.
I'm sure it'll be addressed in 2Q RPHYX commentary but it is right to assume the portfolio is…
actually this is giving me confidence in the fund. It's got more than half in cash, a heckuva bond mgr, and it's giving you 4.4%. This might be the "new" RPHYX
I like Tad Rivelle. own TSI, but I looked at 3/31/20 report....I don't have any clue how they can have a 18% dividend.
25% of portfolio is cash/treasuries so that's like 1-2% tops. Maybe some bond gurus on this site can figure out this mystery?
at the fund there's an investor letter. he has a such a strict value bent that he STILL is @ 50% cash. So if it gets to his buy levels, I want to be in as many of those picks will be multibaggers.
Thanks guys. I had big positions in RPHYX until the fed raising cycle started in earnest. When you could get no risk 2.5%, it just didn't make sense to go for a risky 2.75-3.25%. I left a couple of stub positions so that I could contribute when the …
Thanks Lewis. I get it and saw that as I went from balls to the wall long this fund to have a small position. The issue is 2 yr treasury is 2.6% with zero risk and I would think they should be able to make 4% given small risk of capital loss here (c…
