SGOV - VCIT ETF: Moving From Sell To Hold

• VCIT is an exchange traded fund that seeks to track the performance of the Bloomberg U.S. 5-10 Year Corporate Bond Index.
• The vehicle has a 6.4 years duration and has seen a lower price point as 7-year rates have risen by more than 100 bps since the beginning of March.
• Financial conditions have been tightening, with rates higher, stocks down, and corporate bond spreads wider.
• This article covers macro portfolio construction from our suite of products - we focus on macro portfolio construction, CEFs and yield-producing options strategies, targeting overall returns of 9%+.

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