I wondered if any of you had thoughts/insights on Matthews Asia Fixed Income funds (MAINX and MCRDX)?
The expense ratios are higher than I would like. However, they are niche products and offer direct exposure to corporate Asian bonds where yields are typically higher than in the US. I am not sure how much hedging they do of their currency exposure but they could also offer the opportunity for exposure to stronger non-US currencies going forward. I do not own these but am considering.
Let's look at MAINX(link). This fund has mostly lower rating bonds, under BBB=investment grade which means it's not a ballast fund.
So, how is the performance vs multi sector funds? YTD (link) it's down and behind PIMIX,TSIIX,CLMAX. Change to 1,3 years and still behind. Volatility is much higher too. Even the TTM yield is not that bigger too.
I don't see any reason to own MAINX at this point.