FPF: Preferred Stocks Also Have A U.S. Dollar Problem
2025-06-06 17:05:04 ET
The First Trust Intermediate Duration Preferred & Income Fund ( FPF ) is a closed-end fund, or CEF, that income-seeking investors might find attractive as a way of earning a very high level of current income. The fund certainly does pretty well in this respect, as it boasts a 9.10% yield that is far superior to the yield of most fixed-income indices. This can be clearly seen in this chart:
Index/ETF | Current Yield |
Bloomberg U.S. Aggregate Bond Index ( AGG ) | 3.84% |
Bloomberg High Yield Very Liquid Index ( JNK ) | 6.64% |
ICE Exchange-Listed Preferred and Hybrid Securities Index ( PFF ) | 6.70% |
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FPF: Preferred Stocks Also Have A U.S. Dollar Problem
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