It has been delivering recently when other funds have been dropping.
Fortunately the US high yield bond rally is over so main fund prices are going up again.
It'll be back
It's going to be a very interesting 2 years in the stock market indeed. So much uncertainty around inflation, the impact of interest rate rises in 2023, and yet more quantitative easing. The US gets all the attention, but every single developed country has been printing money like crazy for the last few years. Something has got to give!
There's talk of a debt jubilee (government cancelling debt, debt which accrued cos they bought back bonds with printed money for example). I'm no economist but that leads to debasement in currency.
As an investor now, we have to have a decent understanding of the macro environment. I don't understand it that well so I think I'm going to lean toward the cautious side and liquidate half my shares to cash at the end of this year (at least).