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YH Tax Sensitive Portfolio Trade Updates- September 26, 2021
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YH Tax Sensitive Portfolio Trade Updates- September 26, 2021

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Yield Hunting
Sep 26, 2021
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YH Tax Sensitive Portfolio Trade Updates- September 26, 2021
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Summary

  • Sell- BNY Mellon Municipal Bond Infrastructure Fund (DMB) 3%.

  • Buy- BlackRock MuniYield Quality Fund III (MYI) 3%.

Trade Rationales:

1) (DMB): The sell of DNB is largely due to valuation. It currently trades at a 7.9% premium over NAV, while the 1 year average discount is -0.8% and the 3 year average discount is -3.8%. Because this is a Tax Sensitive…

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