- The biggest problem facing retirees today is an inability to generate income off of their portfolios, which is the fault of the Federal Reserve.
- PSF seeks to overcome this by investing in a diversified portfolio of income-producing assets, heavily weighted towards banks.
- The fund uses leverage, but it appears to be making a reasonable trade-off between risk and return.
- The 6.74% distribution yield appears to be reasonably sustainable.
- The fund is trading at a more attractive valuation than it usually does, which is fairly appealing.
For further details see:
PSF: Great Income Fund With Improving Valuation