| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 752 | $17,940.02 | $17,611.84 | -$328.18 | -1.83% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 68 | $1,593.84 | $1,592.22 | -$1.62 | -0.1% |
Austin Private Wealth Austin Private Wealth LLC | 23,045 | $542,062.57 | $539,598.67 | -$2,463.9 | -0.45% |
| YA Yinka Akinsola Blue Trust Inc. | 835 | $19,530.81 | $19,539 | $8.19 | 0.04% |
Jeff Ameen Spire Wealth Management | 2,580 | $61,094.4 | $60,346.2 | -$748.2 | -1.22% |
| BATS Exchange | US Country |
The provided company description highlights a financial instrument designed to offer investors exposure to U.S. dollar denominated, taxable, fixed-rate, high yield, and BBB or equivalently rated corporate bonds. These bonds have specific maturity dates ranging from January 1, 2028, to December 15, 2028. The fund aims to track an index composed of these financial securities and will include investments in non-U.S. issuers as necessary to achieve its tracking goal. Notably, the fund is categorized as non-diversified, suggesting a concentrated investment strategy in the bonds within its target maturity and credit rating criteria.
An investment in fixed-rate, high-yield corporate bonds offers the potential for higher income returns compared to investment-grade bonds. These bonds are issued by companies with BBB or equivalent ratings, indicating a moderate level of credit risk but offering higher yields to compensate investors for this risk. The specific focus on bonds maturing between 2028 highlights a medium-term investment horizon.
The fund exclusively deals with U.S. dollar-denominated bonds, providing a straightforward investment opportunity for investors looking to avoid currency risk. This focus ensures that the fund's performance is not directly affected by fluctuations in currency exchange rates, making it an attractive option for investors holding U.S. dollars or seeking exposure to U.S. dollar-denominated assets.
As a non-diversified fund, it concentrates its investments more heavily in the specified range of corporate bonds. This approach can lead to higher volatility and risk, as the fund's performance is more closely tied to the specific bonds it holds. However, it also offers the potential for higher returns, particularly if the selected bonds perform well.
To enhance its ability to track the designated index, the fund may invest in bonds issued by non-U.S. companies. This strategy allows for a broader selection of high-yield, BBB-rated bonds, potentially diversifying the fund's holdings geographically even within its non-diversified status. This inclusion broadens the market exposure and can introduce varying degrees of credit, political, and economic risks associated with non-U.S. issuers.