- Retirees continue to struggle with an inability to generate any significant amount of income off of their assets due to the policies of the Federal Reserve.
- HPS invests in preferred stocks and bonds to provide investors with a much more attractive yield than ETFs can manage.
- The fund is primarily invested in the banking and utilities sectors, which is not at all surprising for a fixed-income fund.
- The 6.89% yield appears to be quite sustainable as the fund is generating more than enough money to support it.
- The fund is trading at a very high valuation right now so it may make sense to wait for the price to come down somewhat.
For further details see:
HPS: A Solid Income Fund But Overpriced