BIT - BIT: This High-Yielding Bond Fund Might Be Worth Considering Today

Summary

• BIT provides a way to obtain the extra income that is needed to weather today's rising cost of living.
• The fund invests in a levered bond portfolio to achieve a very high yield.
• The fund is likely to see further share price declines over the coming months as the Federal Reserve continues its monetary tightening cycle.
• The fund may struggle to maintain its distribution as it depends on it generating capital gains, which is going to be hard for a bond fund.
• The fund is trading for a reasonably attractive valuation today.

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