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.
For further details see:
BIT: This High-Yielding Bond Fund Might Be Worth Considering Today