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[QUOTE]Originally posted by Gilbert B Norman: [QB] 6% tax-free yield - wow! But lest we forget, only the cash flow of VTUSA secures them. Try as the creditors might should a default occur, no other FECI asset can be touched. I have a High Yield fund in my portfolio (Virtus SEIX); for all I know, some piece of it will be in these VTUSA PAB's. But I guarantee you, I'd never hold a position outright in such. I have too many GE bonds that were A or better when I bought them, but now are Baa. [/QB][/QUOTE]
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