WFCNP - HPS: A Solid Income Fund But Overpriced

• Retirees continue to struggle with an inability to generate any significant amount of income off of their assets due to the policies of the Federal Reserve.
• HPS invests in preferred stocks and bonds to provide investors with a much more attractive yield than ETFs can manage.
• The fund is primarily invested in the banking and utilities sectors, which is not at all surprising for a fixed-income fund.
• The 6.89% yield appears to be quite sustainable as the fund is generating more than enough money to support it.
• The fund is trading at a very high valuation right now so it may make sense to wait for the price to come down somewhat.

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