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DoubleLine Total Return Bond I Message Board

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  • agb144 agb144 Oct 18, 2011 6:56 PM Flag

    Anything to say?

    Grundlach has proven, since 1993 when he founded the TCW Total Return bond fund, that he knows how to find bargains in the mortgage market and produce superior returns.

    The only concerns I have are that most of the holdings are CMOs rather than pass throughs, and pass throughs are usually less risky. Also, the fund has most all of it's holdings in the mortgage market, meaning less diversification.

    Even the best fund managers can stumble, as Bruce Berkowitz did with his Fairholm equity fund after being one of the equity funds' best managers for years. Grundlach isn't immune to making similar mistakes, so while I think this is one of the best bond funds out there you can't just invest without monitoring it for negative trends.

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