GBAB: High Yield Income And Diversification With Interesting Bond Mix
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GBAB offers a high yield of 9.6% with a mix of municipal and investment-grade corporate bonds. Despite a high expense ratio, it maintains a consistent NAV premium, indicating market strength. Inflation remains a risk for leveraged funds.
December 10, 2024 | 6:45 am
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GBAB's recent price pullback offers a high yield of 9.6%, supported by rate-cut tailwinds and leverage benefits. The fund's mix of municipal and investment-grade corporate bonds is promising, despite a high expense ratio of 1.20%.
GBAB's high yield and strong bond mix make it an attractive investment despite its high expense ratio. The consistent NAV premium suggests market confidence, and the recent price pullback provides a buying opportunity. However, inflation poses a risk to leveraged funds.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100