The fund invests primarily in U.S. corporate bonds, asset-backed securities, commercial mortgage-backed securities, U.S. treasury bonds and notes, foreign government bonds, international corporate bonds, short-term investments, mortgage-backed securities, and U.S. government obligations. Its portfolio includes investments in beverages, commercial banks, consumer finance, diversified financial services, food products, media, road and rail, thrifts and mortgage finance, electric utilities, and oil and gas sectors.
SGL is selling at a 10.7% discount to its Net Asset Value (NAV) with a current yield of 8.78%. It is well diversified and concentrates on global investment grade bonds. Given the funds long-term track record and level of return for over 15 years, this is another one I really like.
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