My too biggest concerns with holding FAX right now is that the FED might raise interest rates over the next couple of months and FAX probably cutting its dividend this spring. I plan to buy FAX in the $4's this spring after the dividend cut.
a big disappointment to all of us, but so have most CE bond funds since interest rates started moving up all around the world.
As for "is there anything encouraging", IMO there are a few factors to consider. 1. The Aust $ has been showing some strength as of late and hopefully that will continue. 2. The market value of FAX is at a steep discount to the NAV. 3. Hopefully the worst of interest rate increases are behind us and maybe by the end of the year 2000 they will be on the decline.