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Politics : Ask Michael Burke

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To: Tommaso who wrote (114366)	7/6/2008 12:23:31 PM
From: Knighty Tin	Read Replies (1) of 132070

T, It does have a distribution rate of 6.11%, which is not the same as yield. Distribution can include capital gains and return of capital. It has lost total return since launch, which includes the distribution, so there is less to the yield than meets the eye. This fund looks like a terrific hedge against a weak dollar, but I am of the belief that that train is coming into the station and we need to find others to ride. Without Bush beating up America's store of value, the dollar will rise again. If you disagree with my macro assessment, the only knocks on the fund are a slight premium and the Single A and BBB credits. When a sovereign nation gets a BBB credit rating, you have to wonder.

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