-
Posted by
Two Blokes Jul 2 -
Filed in
Stock
-
4 views
We rate EVG a 'Sell' due to its leverage, tight credit spreads, and minimal discount to NAV, which skew risk/reward to the downside. EVG's portfolio is overweight MBS and includes CLOs, resulting in high drawdowns during market stress compared to unleveraged ETF peers. The fund's discount to NAV has disappeared, removing a key margin of safety.
