IDU - FSD: A Stable Absolute Return Bond Fund With A Monster Yield

• The biggest problem facing retirees today is an inability to generate reasonably stable income.
• FSD is an absolute return bond fund that boasts a remarkable 8.7% yield.
• The fund is well positioned to benefit from rising interest rates due to its short position in US Treasuries.
• The fund appears to normally cover its distribution, although it did fail to in 2020 due to some of the uniqueness of that year.
• The fund currently trades at a fairly attractive discount to net asset value, so the price appears to be right.

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