- HPI is one fund that investors can use to overcome the problem of generating income in today's environment.
- The fund is heavily focused on the utility and financial sectors, which makes sense for a preferred stock fund.
- The fund also includes some common stocks in order to gain access to potential capital gains.
- The fund managed to improve significantly in the second half of last year and is now covering its distributions.
- The valuation has swung from a discount to a premium, which we do not like to see.
For further details see:
HPI: Finances Have Improved But Price Is Now Worse