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Morningstar, Inc. Commentaries

This Portfolio Beat Its Category by a Comfortable Margin

May 9, 2014
Click here to access This Portfolio Beat Its Category by a Comfortable Margin

Since its October launch, the Strategic Income Portfolio--our model portfolio of best ideas for taxable fixed-income closed-end funds--has seen fairly high levels of volatility. Nevertheless, its 5.3% share price total return for the six-month period beat its Morningstar Category, multisector bond, average of 3.6% by a comfortable margin. Despite the volatility, the SIP accomplished this with similar levels of credit risk and a lower level of interest-rate risk compared with the category average. 

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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.