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In the first article of the month, I review the most popular fixed-income securities, the fixed-rate preferred stocks, sorted into several categories. Something I post at the beginning of every month. There are a total of 368 issues in our database that trade on primary exchanges, excluding the convertible preferred stocks, 59% of which are part of the largest primary exchange-traded fixed-income ETF, the iShares Preferred and Income Securities ETF (PFF). As we can see in the chart below, 36.4% of the PFF's market capitalization consists of fixed-rate preferred stocks, which corresponds