SPY - JPC: Still A Solid Income Fund

• Investors have been struggling to earn any money off of the assets in their portfolios for quite some time now.
• This is due to the longstanding policies of the Federal Reserve and its control over interest rates.
• JPC invests in a portfolio of preferred stock and other income-producing securities to deliver a higher yield than many other things on the market.
• The fund is reasonably well diversified but is heavily concentrated in banks and other financial firms.
• The fund yields a sustainable 6.46% and trades at a slight premium, but a smaller premium than average.

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