I am new to bond investing, I was guided by a friend towards this fund last Fall and am pleased with its performance and distributions. In fact, I have searched for similar Bond funds returning this level of profitability. Hence, here are my questions;
1- Am I taking too much risk with this fund?
2-Given its profitability history, is there a reason to own any other bond fund?
3-Basically, what am i missing? Why invest in any other bond fund?
You might consider PimCo corporate Bond fund D. It is pretty good.
The risk is, if interest rates start going up than most of these bond funds will lose some of their value. But then, there is risk in everything.
I have a number of individual corporate bonds that have been very good to me.