Preferred Stock CEF’s and ETF’s

Preferred Stock

Closed End Funds (CEF’s)

and

Exchange Traded Funds (ETF’s)

 

Below you will find our listing of Preferred Stock Closed End Funds and Exchange Traded Funds

This list may not be a complete list, but does contain the vast majority of funds that have Preferred Stocks as their main component.  Note that some of these funds also may contain a few REIT issues within the fund thus they are not ‘pure’ preferred funds.

Closed end funds generally use leverage when investing–given that borrowing costs are low they are able to earn more in dividends from their holdings than the cost of the leverage (interest) thus they are able to pay a larger distribution.

Closed end funds may trade above or below NAV (Net Asset Value) and this is simply a function of supply and demand.

Exchange Traded Funds (ETF’s) are tied to an index and do not use leverage to attempt to increase distributions.  Generally ETF’s are less volatile then CEF’s

Below we show the current prices and Net Asset Values for the Closed End Funds as well as the most recent distribution extrapolated out to a 12 month period.

Note that we have a Yield Hunter Preferred Stock Index for the Closed End Funds and the ETF’s.

2013

DYH Preferred Stock Closed End Fund Index

Start  96.32    High 102.83  Low  79.62   Close  81.45

Preferred Stock Exchange Traded Fund Index

Start  97.75     High  99.61  Low  87.96  Close 89.12

2014/2015/2016

DYH Preferred Stock Closed End Fund Index

Start 81.45   Low 1/2/2014  81.75     High  2/2/2015   96.17

Preferred Stock Exchange Traded Fund Index

Start 89.12   Low 2/9/2016  85.13    High  6/30/2014  95.25 

 

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Bryan Perry

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