concur with other comments, you have lost money no matter how you paint the picture since 2000. My only other comment is for those others in "high yield funds"..risk high but junk bonds upside could be rewarding as well in LONG term..spreads have finally gotten out there where they should be. I own this fund as well. I think there is opportunity in junk but not sure what mutual fund ..any thoughts anyone?
You could try an ETF instead like JNK. I'm short treasuries now and want to go long with corporate bonds. I was in this a couple years ago and got out so I figured I'd take a look again. Expense ratio is double the ETF's that are available at .98% and the performance doesn't appear to be any better. At its best it was barely outperforming USGNX which is light years more conservative investing in GNMA securities backed by the gov't. The only reason I'm even looking at it I think is because the NAV has been hit so hard.