Fear Vs. Fundamentals: Get +11% Yield From These Debt Funds

Despite the headlines, the 2026 speculative-grade default rate is projected at 3.75%, down significantly from 5% in 2024. PIMCO Corporate & Income Opportunity Fund thrives by stepping in as a buyer when others are desperate to sell, scooping up high-quality debt at deep discounts. Putnam BDC Income ETF is an actively managed ETF that invests in BDCs.