Our total return bond portfolios (in fact, for any portfolio on MyPlanIQ.com) are designed to achieve consistent returns with reasonable risk. The problem of buying and holding one or a few of funds is that when this (these) funds start to under perform, it might be too late to recoup the loss (or under performance). In general, these portfolios will not be able to out perform the single best fund in a short period of time (could be as long as 10 years). But on the other hand, the portfolios will be able to avoid large loss that is caused by the funds held (could be due to general market condition or just fund specific issues) and most likely, will out perform a single fund in a very long period of time. 

For example, 5 years ago, people would say PIMCO total return fund was the way to go. However, if you were into the fund since then without switching, you would under perform our total return bond portfolios now. Same situation could be said to the currently 'hot' PIMCO income fund. On the other hand, Loomis Sayles total bond fund (LSBRX) had a large drawdown in 2008-2009 and our portfolio would have avoided it (our total return portfolios just matched LSBRX in terms of returns for the past 10 years but with much less risk). LSBRX had one of the best 10 year returns among our candidate total return bond funds. 

The key here is that our portfolios (same can be said for all TAA and SAA portfolios) do not necessarily out perform some of the best funds in a short period of time (again can be as long as 5 or even 10 years), however, it is very hard (close to impossible) to pick the 'best' fund at the time of investment. Only in hindsight, we know the 'best' fund. Our portfolios present a systemic way to achieve a close to best performance with less risk. That is all about our portfolios. 

Hi I am just take back over for my team yes I like Pimco total return fund it gave a good performance as long if it gave high. Return. p.s