How do you think PDI pays a 10% distribution in a yield environment that barely pays 2% on a zero risk 10- year treasury?
If you don't worry about the risk of this fund you shouldn't be invested in it. Ignorance is not bliss
We need to understand risk. NCZ will be toxic for as long as sub-investment debt is distrusted.
When sentiment changes, this fund is as good as it gets. It's getting a $5 option at dirt cheap NAV, and yea...it pays you a distribution to wait around