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Posted by
Two Blokes Jul 29 -
Filed in
Stock
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4 views
NDMO offers a high 7.6% tax-exempt yield, but its share price and NAV have declined amid rising interest rates and inconsistent earnings. The fund's performance is highly sensitive to interest rate changes, with no clear catalyst for improvement unless rates are cut soon. Leverage and exposure to lower-credit-quality bonds amplify risk, making NDMO vulnerable in the current high-rate environment.
