i understand - at least i think i do - the rates situation, the cash buildup situation and the payout cut. however, this has become just another expensive bloated mutual fund. i don't need to pay anyone to park $$ in cash. i'm not the sharpest guy in the world but i can figure that much out. this used to be a fabulous place to put some money - even significant amounts of cash - but now i'm out. other funds aren't cutting payouts and are managing the situation, check out loomis sayles, another high quality fund. i realize the approach philosophy isn't identical but come on, why does gundlach think people are going to pay a premium to have their money sit in cash? isn't that why he makes the big bucks, figure it out, others are. there's better places to put your $$$ now, that wasn't the case a year ago.