BNDS is performing well; it is trading sideways with no new lows and has a ~5% YTD total return from dividends.

Well, you know, I actually want to uh talk about your BNDS fund uh because that's that's in junk bonds and I think you know well, first of all, everyone's talking about interest rates, the the yields on the on the 10 year and the 30-year right now.

But, um you know, your your bond fund BNDS is holding up remarkably well. And I think that's just uh something that we need to really pay close attention close attention to at the moment because junk bonds in general uh you're not really seeing spreads blow out.

And so this is like, you know, I got my macro hat on right now. It's making me think, you know, is is the strategy at the Fed, is the strategy at the Treasury right now kind of like a controlled demolition, letting rates higher uh creep higher without, you know, letting spreads blow out so that, you know, they can maybe engineer some sort of squeeze.

But, you know, you always hear junk bonds trade more like stocks than anything else. But, um, looking at BNDS right now, I mean, you're you're not even making new lows right now.

You're pretty much just going sideways. And I think that's pretty uh pretty good in this this type of interest rate environment.

and you can see that with our funds uh last time I checked the NDS was up total return about 5% for the year. So price not so much but you know you're getting an 8% dividend for seven months.

It's pretty much you're just getting the dividend.