UZC - HPI: Boost Your Income With This 7.7%-Yielding Fixed-Income Fund

• The Federal Reserve has made it incredibly difficult to earn income off of your savings with its current low-interest rate policy.
• HPI invests in preferred stock and other fixed-income securities, which are generally less risky than common stocks.
• The fund is able to effectively boast a better yield than ETF offerings because it can use leverage, although it appears to be doing this responsibly.
• The distribution coverage was pretty light in the early stages of 2020, so the fund had to cut but the current payout appears reasonably sustainable.
• The fund trades at a slight discount, which is nice.

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