Quote:
Originally Posted by sammyg2
They have a monthly distribution that averages around 14-1/2 cents/share.
That's the 7% they talk about.
But with so much invested in relatively low-yield bonds, I'd think the rest would have to be more risky to get that return. They also mess with shorts, maybe that's part of it.
something just doesn't feel right.
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Alright, that makes a bit more sense for the expense ratio then, it just wasn't real obvious at first glance from the portfolio view of a bunch of bond funds. Those being the balancing side to a bunch of much higher volatility on the other side seems like the setup.