This fund has an intricate position in my portfolio along with the more conservative bond funds (MWTIX and DODIX) which I also own. I've been adding to it over the past year since Gundlach left TCW. It pays a great dividend but with some risks because of mortgage exposure. Gundlach seems to have a real talent handling the assets of this fund in a strategic way. Recently, I dialed back on my global TGBAX fund (institutional for TPINX) which has not performed well because of the global woes especially in currency markets. Also, I unloaded STIZX. This fund performed very well in the past but has been lagging recently due to instability in the corporate bond market. DBLTX is a good bet but beware it is a bit more risky than other conventional funds but the rewards are greater. Good luck!