Thank you Mr. Gross. I hope you enjoy your 6 figure paycheck this month. You're doing a great job managing this sinking ship. I love it when a fund manager falls in love with a bad decision, and can't admit when he's wrong. Wait, buy more T-notes, 39% is not enough, how about 99%, you're a genius!
Seems to be a slow bleed with a few new stab wounds every now and then to remind us there are no sure things when investing. I have enjoyed the security of this fund for several years and plan to ride out this bump in the road.
Bond funds have performed badly all year. Hopefully the message has gotten through to investors to diversify. Either away from bonds or to a number of bond funds so you are not bitten by one. If you are deep into bonds you run the risk IMO of big losses....more than equities....just by the specter of rising interest rates. That's what's been happening this week.....panic selling which started in May and has accelerated. Sell now and just join the herd.