I am downgrading BlackRock Debt Strategies Fund to a 'Sell' as worsening debt markets and unsustainable payouts erode its value proposition. DSU trades at a small premium to NAV, but its 12.1% yield is unsupported by earnings, risking a significant dividend cut by 2027. With 86% of assets below investment grade and 15.7% leverage, the fund faces heightened default and NAV erosion risks if rates rise.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 75,051 | $727,990 | $712,233.99 | -$15,756.01 | -2.16% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4,149 | $40,951.86 | $39,539.97 | -$1,411.89 | -3.45% |
| KL Kahyeong Lee Oak Hill Advisors LP | 578,922 | $5.32M | $5.47M | $150,930.66 | 2.84% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 66,445 | $669,021.48 | $627,905.25 | -$41,116.23 | -6.15% |
| BO Brian Oliveira Clear Street Group Inc. | 25,759 | $249,862 | $245,225.68 | -$4,636.32 | -1.86% |