#investment-strategy

#investment-strategy

The fund blends high yield corporate bonds, senior loans, and debt tranches of U.S. collateralized loan obligations (CLOs) into a single actively managed portfolio, aiming to deliver income that beats the broad bond market while keeping volatility lower than any single segment on its own.

USHY seeks to track the investment results of the ICE BofA US High Yield Constrained Index, composed of U.S. dollar-denominated, high yield corporate bonds, providing broad exposure in a low-cost wrapper.

JPMorgan Income ETF has delivered over 50 consecutive monthly distributions since its October 2021 inception, providing stability that is the entire point of the investment strategy.

When the underlying asset has already delivered 47% gains over the past year, even a fraction of a percent in annual fees compounds into real drag.

"I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East... I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of the ongoing meetings and discussions."

USOI is not a straightforward crude oil fund. It is an Exchange Traded Note, a senior unsecured debt obligation issued by UBS AG after migrating from Credit Suisse following that bank's collapse.

In business, when you do anything for appearances, you can write that down under the dumb column. We don't do stuff for... we do things that give return on investment in business, and trying to appear to be something is never a return on investment. Just be the thing.

Oil futures touched $100 per barrel this week as Iran's new Supreme Leader Mojtaba Khamenei vowed to keep the Strait of Hormuz closed, the waterway through which a fifth of the world's oil and liquefied natural gas transits. The International Energy Agency called the conflict the biggest-ever disruption to oil supply, and Iran's security chief has stated the war won't end soon.

For the 25 major episodes going back to 1950, we typically see a decline in the S&P of around 4%. Now, usually after a month, the S&P tends to recover that entire decline. Then he immediately walked it back. The playbook, he said, does not apply here.