#fixed-income-etf

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#municipal-bonds #tax-exempt-income #california-taxes #clos #interest-rate-risk #credit-quality
California
from24/7 Wall St.
1 day ago

California Residents Earning Over $500K Finally Get Some Relief

PWZ's California tax-exempt municipal bonds significantly boost after-tax returns for high-income California residents, effectively doubling real return compared with equivalent taxable bonds.
from24/7 Wall St.
2 weeks ago

Retirees Chasing 5.3% Yields Need to Know: JAAA's Dividend Safety Depends Entirely on Fed Rate Moves

JAAA invests exclusively in AAA-rated tranches of collateralized loan obligations. CLOs are structured securities backed by pools of leveraged loans to corporations. The AAA-rated senior tranches sit at the top of the payment waterfall, receiving interest payments first and enjoying the strongest credit protection. These loans carry floating interest rates tied to benchmark rates, meaning the fund's income rises and falls with prevailing rates. As borrowers pay interest, that income flows through to JAAA shareholders as monthly distributions.
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