The actively managed fund, which trades under the ticker FBND, has a 30-day SEC yield of 5.41%, according to Morningstar.
FBND's total return year to date is -0.83%, as of Monday, according to Morningstar , which gives the fund four-stars.
It has a trailing 5-year total return of 0.87%.
So on a risk-adjusted basis, it's really, really strong," he added.
When rates started to go up, the team bought the long end of the Treasury yield curve.
Persons:
Morningstar, It's, Mike Mulach, Celso Muñoz, we've, Muñoz, Ford O'Neil, we'll
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outperformance