HPI - FPF: Preferred Stocks Also Have A U.S. Dollar Problem

June, 06 2025 05:05 PM John Hancock Preferred Income Fund of Beneficial Interest

2025-06-06 17:05:04 ET

The First Trust Intermediate Duration Preferred & Income Fund ( FPF ) is a closed-end fund, or CEF, that income-seeking investors might find attractive as a way of earning a very high level of current income. The fund certainly does pretty well in this respect, as it boasts a 9.10% yield that is far superior to the yield of most fixed-income indices. This can be clearly seen in this chart:

Index/ETF

Current Yield

Bloomberg U.S. Aggregate Bond Index ( AGG )

3.84%

Bloomberg High Yield Very Liquid Index ( JNK )

6.64%

ICE Exchange-Listed Preferred and Hybrid Securities Index ( PFF )

6.70%

For further details see:

FPF: Preferred Stocks Also Have A U.S. Dollar Problem

Company Name:	John Hancock Preferred Income Fund of Beneficial Interest
Stock Symbol:	HPI
Market:	NYSE

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