Morningstar, Inc. Commentaries
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.