Bond funds like the SPDR Portfolio Mortgage Backed Bond ETF (SPMB) often look like money-losers when you view their returns on a non-adjusted basis. In this case, the price is down about -0.74% over the life of the fund.
The picture looks very different when you adjust for dividends. For SPMB, the return changes to +46.09% over the life of the fund:
That's...