7%+ Club — High-Coupon Income

Coupon ≥ 7% and YTW ≥ 7%, price ≥ 80, excluding distressed names.

In an environment defined by persistent volatility and shifting rate expectations, the "7%+ Club" offers a compelling hunting ground for incomefocused investors seeking to capture elevated carry without venturing into the deepest reaches of the distressed market. By filtering for instruments with both a coupon and yieldtoworst of at least 7%—while maintaining a price floor of 80—we isolate highconviction opportunities that provide substantial cash flow and potential for price appreciation. This selection focuses on issuers that balance aggressive yield profiles with the structural integrity required for a professional portfolio, steering clear of the technical pitfalls that often plague lowerpriced, distressed debt. The current list highlights a distinct bifurcation between highyield corporate credit and highcoupon sovereignlinked issuance. For those seeking exposure to the technology and industrial sectors, names such as XRX (13.5% coupon, 38.9% YTW) and AMBIBZ (9.875% coupon, 68.0% YTW) offer significant yield premiums that reflect current credit risk assessments. Conversely, the inclusion of toptier multilateral issuers like ASIA and EBRD in Turkish Lira provides a unique opportunity to capture substantial nominal yields backed by AAArated entities. These bonds represent a strategic mix of tactical credit plays and carryheavy sovereign exposure, providing a robust toolkit for investors looking to optimize their income generation in the current market cycle.