SeekingAlpha
This is a brief overview of Cumberland Advisorsâ thoughts on financial markets as we head into the second half of 2025. Read more here.
SeekingAlpha
Q2 2025 Credit Commentary: Up In The Air
SeekingAlpha
The end of the second quarter of 2025 saw slight rises in the 10-year Treasury yield but slight lowering of yields in the 10-year AAA muni yield.
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Municipal bonds are currently offering attractive tax-adjusted yields that are backed by strong fundamentals.
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Fixed Income Outlook - Q3 2025
SeekingAlpha
The municipal bond market faced strong headwinds in H1 2025, with tariff and budget policies, including debate over the One Big Beautiful Bill Act, weighing heavily on investor sentiment.
| Name | Correlation | AUM | Expense Ratio | |
|---|---|---|---|---|
| USDU | -18.92% | $130.22M | 0.5% | |
| UUP | -15.43% | $187.70M | 0.77% | |
| ICLO | -14.24% | $332.81M | 0.19% | |
| KCCA | -13.61% | $109.69M | 0.87% | |
| VIXY | -12.90% | $198.83M | 0.85% | |
| VIXM | -11.65% | $23.12M | 0.85% | |
| THTA | -9.83% | $34.98M | 0.61% | |
| BTAL | -9.31% | $310.74M | 1.43% | |
| IVOL | -9.26% | $342.76M | 1.02% | |
| KRBN | -3.42% | $160.65M | 0.85% | |
| TAIL | -2.48% | $94.79M | 0.59% | |
| UGA | -1.33% | $76.42M | 0.97% | |
| TUR | -1.16% | $169.41M | 0.59% | |
| LONZ | -1.05% | $701.76M | 0.63% | |
| AGZD | -0.31% | $98.59M | 0.23% | |
| CTA | -0.27% | $1.09B | 0.76% | |
| TFLO | -0.12% | $6.74B | 0.15% | |
| DBMF | 0.08% | $1.18B | 0.85% | |
| CANE | 0.17% | $11.33M | 0.29% | |
| PPLT | 0.64% | $1.68B | 0.6% |
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| DFDV | -39.78% | $363.80M | +2,684.66% | 0.00% |
| NEOG | -22.52% | $1.08B | -71.94% | 0.00% |
| MVO | -20.51% | $66.47M | -38.71% | 25.62% |
| AGL | -19.69% | $910.69M | -70.51% | 0.00% |
| STTK | -18.08% | $37.90M | -83.69% | 0.00% |
| NAT | -17.91% | $567.49M | -29.29% | 10.76% |
| LPG | -14.23% | $1.20B | -22.65% | 0.00% |
| HUM | -13.70% | $26.78B | -43.91% | 1.59% |
| YALA | -12.59% | $992.02M | +61.04% | 0.00% |
| STNG | -12.47% | $2.26B | -42.93% | 3.60% |
| CVS | -12.37% | $80.89B | +6.46% | 4.14% |
| CNR | -11.90% | $3.87B | -31.00% | 0.95% |
| DHT | -11.09% | $1.77B | -0.72% | 7.32% |
| TK | -10.56% | $634.23M | +16.53% | 0.00% |
| GEO | -10.32% | $3.54B | +39.42% | 0.00% |
| INSW | -10.12% | $1.89B | -26.74% | 1.24% |
| CYD | -10.04% | $955.22M | +175.24% | 3.64% |
| RYTM | -10.03% | $5.87B | +65.82% | 0.00% |
| TNK | -9.62% | $1.50B | -31.82% | 2.32% |
| TRMD | -9.60% | $1.70B | -54.27% | 22.66% |
| Name | Correlation | AUM | Expense Ratio | |
|---|---|---|---|---|
| MUB | 91.94% | $38.55B | 0.05% | |
| VTEB | 89.68% | $37.75B | 0.03% | |
| JMUB | 88.76% | $3.09B | 0.18% | |
| HTAB | 87.51% | $407.03M | 0.39% | |
| CMF | 87.46% | $3.50B | 0.08% | |
| MINO | 87.13% | $320.32M | 0.39% | |
| CGMU | 86.78% | $3.39B | 0.27% | |
| TFI | 85.83% | $3.19B | 0.23% | |
| PZA | 85.42% | $2.83B | 0.28% | |
| FMB | 85.00% | $1.89B | 0.65% | |
| SCMB | 84.60% | $2.14B | 0.03% | |
| ITM | 83.61% | $1.86B | 0.18% | |
| IBMR | 83.29% | $258.31M | 0.18% | |
| TAXF | 81.99% | $477.55M | 0.29% | |
| NYF | 81.42% | $884.05M | 0.25% | |
| MMIT | 81.10% | $1.03B | 0.3% | |
| IBDY | 80.63% | $769.24M | 0.1% | |
| VTC | 80.63% | $1.20B | 0.03% | |
| MMIN | 80.52% | $318.80M | 0.3% | |
| GIGB | 80.46% | $671.13M | 0.08% |
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| GO | 0.01% | $1.31B | -35.97% | 0.00% |
| IMKTA | 0.03% | $1.23B | -11.79% | 0.99% |
| MYE | 0.06% | $550.27M | -0.07% | 3.67% |
| ASND | 0.06% | $10.55B | +24.11% | 0.00% |
| CRDF | -0.10% | $274.09M | +58.46% | 0.00% |
| RLMD | -0.12% | $20.98M | -83.24% | 0.00% |
| RYAM | 0.14% | $276.45M | -29.83% | 0.00% |
| FIGS | -0.14% | $954.17M | -5.78% | 0.00% |
| VNOM | -0.15% | $4.86B | -7.53% | 3.23% |
| WTI | 0.18% | $252.48M | -31.60% | 2.37% |
| FG | 0.19% | $4.04B | -33.27% | 2.88% |
| CLF | -0.19% | $4.49B | -43.06% | 0.00% |
| FYBR | -0.20% | $9.20B | +30.88% | 0.00% |
| DTM | -0.20% | $10.48B | +45.11% | 3.01% |
| FCF | 0.20% | $1.74B | +2.41% | 3.17% |
| SAVA | 0.20% | $99.51M | -84.77% | 0.00% |
| VAL | 0.21% | $3.32B | -41.57% | 0.00% |
| KROS | -0.21% | $578.77M | -72.69% | 0.00% |
| VRCA | 0.22% | $73.82M | -90.94% | 0.00% |
| VMI | -0.23% | $6.59B | +15.94% | 0.78% |
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| MFA | 50.89% | $947.49M | -21.25% | 15.30% |
| SAFE | 49.65% | $1.07B | -32.60% | 4.69% |
| PSA | 48.91% | $49.81B | -7.11% | 4.19% |
| CUBE | 48.12% | $9.40B | -14.93% | 4.99% |
| EXR | 47.96% | $31.40B | -10.23% | 4.35% |
| CIM | 45.46% | $1.12B | -10.32% | 10.63% |
| NLY | 45.15% | $11.78B | -6.08% | 13.79% |
| NNN | 44.35% | $8.06B | -5.86% | 5.38% |
| BNL | 43.56% | $2.98B | -8.80% | 7.29% |
| ELS | 43.44% | $11.68B | -10.11% | 3.22% |
| NMFC | 43.23% | - | - | 12.24% |
| RWT | 43.01% | $790.72M | -20.80% | 11.81% |
| PFSI | 42.98% | $5.09B | -4.55% | 1.21% |
| UMH | 42.85% | $1.40B | -5.61% | 5.17% |
| AGNC | 42.71% | $9.39B | -12.46% | 15.55% |
| HD | 42.49% | $356.82B | -2.84% | 2.53% |
| VICI | 42.21% | $34.96B | +9.28% | 5.21% |
| FCPT | 42.09% | $2.64B | -1.32% | 5.33% |
| EPR | 41.60% | $4.54B | +35.34% | 5.78% |
| FAF | 41.47% | $5.63B | -6.41% | 3.92% |
| Name | Correlation | AUM | Expense Ratio | |
|---|---|---|---|---|
| DBMF | 0.08% | $1.18B | 0.85% | |
| TFLO | -0.12% | $6.74B | 0.15% | |
| CANE | 0.17% | $11.33M | 0.29% | |
| CTA | -0.27% | $1.09B | 0.76% | |
| AGZD | -0.31% | $98.59M | 0.23% | |
| PPLT | 0.64% | $1.68B | 0.6% | |
| KMLM | 0.96% | $188.24M | 0.9% | |
| LONZ | -1.05% | $701.76M | 0.63% | |
| BNO | 1.13% | $111.07M | 1% | |
| TUR | -1.16% | $169.41M | 0.59% | |
| USO | 1.29% | $1.13B | 0.6% | |
| CORN | 1.30% | $43.53M | 0.2% | |
| YBTC | 1.31% | $240.94M | 0.96% | |
| UGA | -1.33% | $76.42M | 0.97% | |
| DBE | 1.53% | $54.90M | 0.77% | |
| WEAT | 1.59% | $122.74M | 0.28% | |
| OILK | 1.72% | $74.24M | 0.69% | |
| TPMN | 1.91% | $31.00M | 0.65% | |
| SIVR | 2.02% | $2.08B | 0.3% | |
| USL | 2.19% | $44.02M | 0.85% |
Current Value
$51.161 Year Return
Current Value
$51.161 Year Return
MUNI - PIMCO Intermediate Municipal Bond Active Exchange Traded Fund contains 433 holdings. The top holdings include
Name | Weight |
|---|---|
| - | 54.26% |
| - | 0.99% |
| - | 0.99% |
| - | 0.88% |
| - | 0.73% |
| - | 0.70% |
| - | 0.66% |
| - | 0.65% |
| - | 0.59% |
| - | 0.55% |
| - | 0.54% |
| - | 0.53% |
| - | 0.53% |
| - | 0.52% |
| - | 0.52% |
7 7381478NT United States Treasury Bills 0% | 0.51% |
| - | 0.51% |
| - | 0.50% |
| - | 0.49% |
| - | 0.45% |
3 3BZJZP1NT SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | 0.45% |
| - | 0.44% |
| - | 0.44% |
| - | 0.43% |
3 3BRMTV6NT PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5% | 0.43% |
| - | 0.42% |
| - | 0.42% |
| - | 0.41% |
| - | 0.41% |
| - | 0.41% |
Sector | Weight |
|---|---|
