The HIO fund primarily invests in high yield junk bonds.It pays an attractive 9.5% distribution yield.However, with the fund only earning 5 and 10Yr average annual returns of 2.0% and 2.8%, HIO is a classic amortizing ‘return of principal’ fund.
Fed officials, however, forecast interest rates to remain high for the whole of this year, with the central bank’s target policy rate remaining just over 5% until the end of 2023,” noted Reuters. That could be good news for
The correlation coefficient between the net percentage of banks tightening lending standards on commercial and industrial loans and the U.S. high-yield corporate bond spread is 0.73,” added Moody’s. If banks
Furthermore, the fund managers have selected to allocate assets to the lowest rung of investment grade preferred securities. With a current yield of 7.19%, JPS can offer income investors some much needed steady
This text will be blue.Save up to 20% on essentials from Amazon brands through 11/16
Specific to FLHY, the Franklin Templeton ETF is proving the benefits of active management in the high yield bond space. The $210.31 million FLHY, which recently turned four years old, attempts to beat the widely