The Labyrinth of JBND: Peterson’s $32M Gambit

The JBND acquisition, when viewed through the kaleidoscope of Peterson’s portfolio, reveals a mosaic of paradoxes. Its top holdings-SPYM, SPDW, HELO-form a constellation that orbits the S&P 500’s shadow, trailing by 8.39 percentage points. Yet here lies JBND, a bond fund with a dividend yield of 4.44%, its price languishing 3.09% below a 52-week high. A trader might see in this a riddle: Why does a vessel designed to outperform the Bloomberg Aggregate Index drift like a ghost ship in a monetary fog?


