UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: blacktreechaser Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35357  
Subject: another alternative to hi yield bond fund Date: 3/25/2014 2:08 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
You can purchase a business development company index with BDCL. BDCL is LEVERAGED. It tries to replicate the Wells Fargo Business Development Company Index, but 2x leveraged.

Here is a quote I picked up somewhere:

"The BDC business model is to lend to small and midsized companies at high yield equivalent rates while also at times taking equity stakes in such companies."

Present yield is 14%.

It should go ex-dividend in two to three weeks. HOWEVER, they have not announced that dividend yet. Dividend has been paid the last 4 quarters, at about a 14% annualized yield.
Print the post Back To Top
Author: aleax Big gold star, 5000 posts Top Favorite Fools Global Fool Pro Community Winner Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 35234 of 35357
Subject: Re: another alternative to hi yield bond fund Date: 3/27/2014 12:17 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
You can purchase a business development company index with BDCL. BDCL is LEVERAGED.

...or you can play it safer, avoiding the leverage, with BIZD -- current yield 5.58% but perhaps sounder sleep at night;-)

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement