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Morningstar, Inc. Commentaries

Strategic Income Portfolio Quarterly Update

Jan 24, 2014
Click here to access Strategic Income Portfolio Quarterly Update

In October, we launched the Strategic Income Portfolio, our model portfolio of taxable fixed-income closed-end funds. For the three months ended Jan. 21, 2014, the portfolio logged a total return of 2.71% on a share price basis. Meanwhile, the Morningstar Category of multisector-bond funds returned an average 1.21%, and the Barclays Capital Aggregate Bond Index gained 0.26%. The short time frame makes it difficult to draw meaningful insight about risk-adjusted returns, but let's take a closer look at the key drivers of the SIP's performance. Then we will discuss some adjustments to the portfolio.

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Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions.

Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries.