I hold this fund inside my Roth IRA. No tax consequences there. I bought this fund partly because it is a no transaction fee fund and I can add shares as go along. I just added 140 shares as I start my contributions to my 2009 Roth IRA. Will top my total shares off at about 1000 shares soon. Bonds and one bond fund are part of my overall portfolio and tis recent pullback from 14's to the 10's is OK in the long run. Good divvies, and a good price now to buy in some more.