BNDS: Higher Yield And Risk, But So Far So Good

The Infrastructure Capital Bond Income ETF offers a 7.9% trailing yield with NAV flat since inception. It has delivered on its objective thus far, outperforming some close peers. BNDS is actively managed, concentrated in below-investment-grade bonds and preferred stocks, and employs options for additional income. It might work best as a high-yield complement within a diversified bond portfolio, ideally held in a tax-advantaged account.