The question (I finally got around to it) is "Is a CD ladder still a better choice than just using a Fund like this". I want maximum return with pretty much NO risk.From what I can tell, this fund holds some lower grade debt, which means you will have losses if a number of them go bad. I don't know if the "insurance wrapper" you mentioned will cover such losses. Certainly this isn't the same as FDIC insurance, or any other guarantee from the government, though.In a nutshell, you're getting better returns mainly because you're taking on larger risk. This isn't necessarily a bad thing, especially as I understand the fund has a very short duration and thus limited risk of losses due to rising interest rates, but you should understand that this is not really a "no risk" investment.
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