An Update To The Greatest Bond Fund Ever | PDI And Its 9%+ Yield

Summary

• PDI can be argued to be the greatest bond fund of our lifetimes producing equity like returns in a bond strategy.

• It certainly hasn't come risk free though as price volatility is nearly as high as the S&P 500.  NAV volatility, however, is about 30% lower.

• The fund had reached an 18% premium in earlier this year and it was reduced from a top weight …