Introduction
In this article, I review the most popular fixed-income securities, the fixed-rate preferred stocks, sorted into several categories. Something I post at the beginning of every month. There are 357 issues in our database that trade on primary exchanges, excluding the convertible preferred stocks, 58% of which are part of the largest primary exchange-traded fixed-income ETF: iShares Preferred and Income Securities ETF (PFF). As we can see in the chart below, 37% of the PFF's market capitalization consists of fixed-rate preferred stocks, which corresponds to almost half of the fund's holdings. This