- HPI is the John Hancock Preferred Income Fund, a CEF that invests mainly in convertible preferred securities, and investment grade fixed-income securities.
- FFC is the Flaherty & Crumrine Preferred Securities Income Fund, a CEF that invests mainly in investment grade preferred securities consisting of hybrid or taxable preferreds.
- This article reviews both CEFs. Based on FFC’s lower fees, which helps explain its CAGR edge, I recommend FFC over HPI. Others might like HPI's asset allocation better.
For further details see:
HPI Vs. FFC: Similar Results Despite The Differences