JPIE: Checking-In On One Of Our Holdings
Summary
- JPIE remains a core portfolio holding for its strong risk-adjusted returns, low duration, and active management amid uncertain rate environments.
- Year-to-date performance is solid, with shallow drawdowns during market volatility, reflecting the fund’s conservative risk profile and high-quality asset mix.
- The ETF’s focus on high-quality, low-duration assets and limited credit risk supports a stable 6%+ yield, making it an attractive carry vehicle.
- We maintain a 'Buy' rating, expecting 2025 total returns above 6%, with potential upside if the Fed cuts rates more aggressively.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of JPIE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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