"I love the promise of unconstrained bond funds, but the delivery of results has not been great," said Davis, adding that multi-asset funds have fared much better because of their flexibility.
The company topped analysts' earnings and revenue expectations.
Donald Trump's nominee for Commerce Secretary is poised to have an outsized voice in the incoming administration. On Wednesday, he'll tout his business acumen and 'pro-sensible trade' stance.
Each dividend stock scores well for safety and has a historically high dividend yield.
The buyout-shop billionaire would need to extract himself from board positions at a number of companies including ArcelorMittal, the world's largest steel company, to serve as Trump's commerce secretary.