2 / 5 Stars
4 4 3 1 5
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 7 Preferred Stock Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.42 percent over the past year, and 8.82 percent over the past three years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||10.4%|
|3 Years (Annualized)||8.8%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks total return, with an emphasis on high current income. The fund invests at least 80% of the fund's net assets (plus the amount of any borrowings for investment purposes) in a portfolio of preferred and income-producing securities, including traditional preferred stock, trust preferred securities, hybrid securities that have characteristics of both equity and debt securities, convertible securities, contingent-capital securities, subordinated debt, senior debt and securities of other open-end, closed-end or exchange-traded funds that invest primarily in the same types of securities. It is non-diversified.
Fees are Above Average compared to funds in the same category.
Destra Preferred and Income Securities Fund has an expense ratio of 1.50 percent.
Risk is Low compared to funds in the same category according to Morningstar.