Dumped all of my LQD position today. The five days of decline signifies to me the fund is overvalued. And we haven't even gone into interest rate increase territory yet. That invevitablility also played into my decision. Bond funds are supposed to be lower risk and provide some income. Not the case long term in this climate. I'm not going to keep on allowing my principal to go down just to get a measly $0.35 per share monthly dividend. Fortunately, my losses were not significant because I am being proactive.