Lsbcal
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
If you look at PTTRX which is easily available through Vanguard, you will see a different picture of the relative returns versus Vanguard Intermediate Bond Adm VBILX. I don't know why PTTRX has done better then HABDX but it could be that the ER history has something to do with it. The M* numbers are:I often wonder how the financial services industry rakes in billions when the overwhelming evidence is that one's greatest chance for success is to buy and hold index funds periodically rebalancing to take advantage of say bond funds dropping in price or stock funds tanking. Not much money in that for the middleman but this thread is just one more example of how those billions are made. Bill Gross projects the 10 year to be 2.2 soon? Bill Gross dumped treasuries a while back missing out of an enormous rally and his fund badly underperformed. The "king of bonds" with all his trading and expertise versus Vanguard Intermediate Index Admiral:
Harbor Bond:
5yr: 6.97 10yr: 6.16
Vanguard
5yr: 7.20 10yr: 6.18
And you think your trading can outperform this because?
PTRRX:
5yr: 7.3 10yr: 6.0%
VBILX:
5yr: 6.8 10yr: 5.3%
Also for completeness, Harbor Bond HABDX:
5yr: 6.6 10yr: 5.6%
Personally these returns are OK either way. Neither put you in the poor house.