What the hell happened to this fund?
De-leveraging of bond holdings within the fund and the rise in treasury yields.
Down (- 27%) since May 15th, 2013. Wish I had never bought into this fund. Now holding & hoping get my money (losses) back sometime in my lifetime. At least I sold most of my PONDX before it's big drops.So much for PIMCO funds being invincible.