This month, bond ETFs will start announcing their dividends, with KGI A-grade corporate bond (00950B) leading the way by distributing NT$0.074 per unit. Based on the previous day's closing price, the annualized yield is approximately 6.7%. Pinview has compiled a list of bond ETFs that are about to announce their dividends for investors’ reference.

Overall, these bond ETFs generally have an annualized yield of over 5%. For non-investment-grade bond ETFs, such as First Gold Preferred Non-Investment Bonds (00981B), Yuanta Preferred Non-Investment Bonds (00953B), and KGI US Non-Investment Bonds (00945B), they boast an annualized yield of over 8.7%.

KGI Investment Trust has stated that the U.S. International Trade Court has ruled the tariffs invalid, and the Trump administration has filed an appeal, indicating that the tariff controversy is unlikely to settle down soon. With the U.S. economy remaining robust and inflation concerns persisting, the Federal Reserve’s room for interest rate cuts is relatively limited, leading to expectations of ongoing high fluctuations in the 10-year Treasury yield. The stock and bond markets will continue to react to these vigorous fluctuations.

For investors seeking returns within controllable default risks, KGI Investment Trust suggests focusing on non-investment-grade bonds that offer relatively high coupons. For investors aiming for capital gains, they should consider allocating to high-quality, high-dividend, and low-volatility Taiwan stock ETFs to better withstand financial market turbulence.

As for KGI US Non-Investment Bonds (00945B), the research team states that there is still some room for credit bond spreads to converge; however, inflation pressures from tariffs and the structural issues of the U.S. government's fiscal deficit will likely limit the pace of Fed rate cuts and the room for yield declines. Thus, bond investment should return to considerations of credit risk and interest rate risk, opting for short-maturity bonds to respond to interest rate fluctuations while balancing credit risk and coupon income in a middle-ground approach.

Regarding 00945B, as of May 28, the average coupon rate is 7.8%, and the average yield to maturity is 7.39%. Since listing, it has gone through 11 ex-dividend dates, distributing a total of NT$1.118. On June 17, 00945B will undergo its 12th dividend distribution, expecting to distribute NT$0.1 per beneficial unit, slightly lower than the NT$0.102 distributed in the past three months but still maintaining a level above NT$0.1. The last purchase date is June 16, with dividends expected to be paid on July 11.