VRP - Term Preferreds And Baby Bonds With Less Than 10 Years To Maturity Review
In the context of constantly rising interest rates, we are starting a series of reviews to present all term preferred stocks and baby bonds with a stated maturity date in less than 10 years. These are usually issues with no more than 2-3M preferred stocks/notes and in most cases not rated by any of the big three rating agencies. As regards, the largest fixed-income funds (PFF, PGF, PGX, PSK, VRP), these term securities are no part of the ETFs, except only for PBB, GDL-C, and SPLP-A,