Is PTY a good long term, stable investment to buy now with low expense ratio

PTY is not an ideal long-term, stable investment option at present, and here's why:

1. High Beta: The beta value for PTY has been consistently above 1, indicating that the fund's performance is more volatile than the market. A beta of 1 is considered neutral, with values above 1 suggesting higher volatility. This volatility is not typically associated with stable investments.

2. Lack of Diversification: The fund's investment strategy focuses on corporate debt obligations, which can be risky, especially in the lowest investment grade category. The concentration in a single asset class increases the risk of losses if the market conditions deteriorate.
3. Expense Ratio: The expense ratio for PTY is not available, but the absence of this information is concerning. A low expense ratio is typically a desirable feature for long-term investors, as it reduces the cost of investing and increases the return on investment. Without this data, it's difficult to assess the fund's cost structure.
4. Recent Performance: The fund's 5-year revenue CAGR is 11.41%, which is respectable. However, the 5-year net income CAGR is only 1.48%, suggesting that while the fund has generated revenue, its profitability has been relatively low. This could be a concern for long-term stability.

5. Market Conditions: The global economic environment, with high inflation and geopolitical conflicts, adds to the uncertainty surrounding the stability of any investment. The fund's ability to navigate these conditions and deliver stable returns is crucial.

In conclusion, while PTY may have certain positive attributes, such as a history of revenue growth, the lack of essential information, high volatility, and the current economic climate suggest that it may not be the best choice for a long-term, stable investment at this time.