They are still listed as one of the top 10 holdings. It should be interesting to see if the good news regarding thier cash flow makes any meaningful diff in the nav today. I guess one could check to see if the bonds are rallying like the stock.
Yes,it could be positive for the NAV but it could also be offset by the funds exposure to Treasuries.....which are down significantly. Overall,though,the NAV should go up today based on the junk ETF's good performance. HYG,JNK and PHYAX are all up.
Good day all around for the open end junk bonds funds with several up between 1/2 to 1%. For better or worse I'm back to a 79% exposure to junk bonds and my worries about this week proved much ado about nothing. I don't mind being wrong as long as it doesn't cost me money and see no reason why the strength shouldn't carry over in to next week. As a contrarian I am pleasantly surprised in looking at several trading and investing forums how beared up everyone seems to be. As stocks and junk bonds continue their march higher many are sitting on their hands (and cash) waiting for another shoe to drop.