As the market enters its sixth month of recovery with valuations moving ever higher, CEF investors may be thinking of ways to bulletproof their portfolio in case the market hits another speed bump. Because CEFs tend to boast some of the highest yields across the investment space, many investors tend to allocate primarily or exclusively to these products. However, this misses out on the advantages that other investment products have over CEFs that do not necessarily require significant yield sacrifice. In this article, we discuss some of the advantages of senior securities such as preferred