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 | $653,694.21 | -$74,295.79 | -10.21% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4,149 | $40,951.86 | $36,137.79 | -$4,814.07 | -11.76% |
| KL Kahyeong Lee Oak Hill Advisors LP | 578,922 | $5.32M | $5M | -$315,101.55 | -5.92% |
| LW Landry Watson AVANTAX ADVISORY SERVICES Inc. | 25,411 | $275,694.1 | $220,313.37 | -$55,380.73 | -20.09% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 66,445 | $669,021.48 | $576,078.15 | -$92,943.33 | -13.89% |