1 / 5 Stars
2 2 2 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 -2.93 percent over the past year, and 5.90 percent over the past three years.
|Trailing Returns||Updated 03.31.2014|
|Year to date||5.1%|
|3 Years (Annualized)||5.9%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks to provide current income and total return. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (including investment borrowings) in preferred securities and other securities with similar economic characteristics. Under normal market conditions, it invests substantially all of its net assets in investment grade securities. The fund may invest up to 15% of its net assets in cash and/or cash equivalents. It may invest up to 15% of its net assets in Rule 144A Securities. The fund is non-diversified.
Fees are Low compared to funds in the same category.
First Trust Preferred Securities and Income Fund has an expense ratio of 2.15 percent.
Risk is Low compared to funds in the same category according to Morningstar.