Analyst’s Curious Bet on Fallen Angels ETF: A Tale of Credit Ratings and Coupon Clipping 📉

Gimbal Financial, bless their contrarian hearts, decided to collect some financial detritus this autumn. Their 13F filing revealed a new 303,893-share position in FALN – bonds so déclassé they’d make a bankruptcy lawyer blush. These are the Wall Street equivalent of thrift store tuxedos: once investment-grade, now reclassified as high-yield “fallen angels” after their issuers tripped the credit equivalent of a fire alarm.



