Good post. For a fund that is mostly in cash, it's difficult to understand how it can be down so much. Down over 9% from last July. Zacks gives this fund a 5 - strong sell. I would be better off holding a bank CD.
Sounds like you want to buy b/c you think the price is cheap. Is it really? The forward PE on 50% of the funds holdings is around 27. Couple that with negative earnings growth and I see no reason to buy this. Also, stronger dollar will continue to weight on this fund and it's holdings.
Just giving you my honest opinion. Please don't bash me for it :)