Preferred Stock Funds
Preferred stock is a security that has appearances as stocks and bonds. Income seeker like preferred stocks hence they pay high dividends. The yield is typically higher than common stock’s yield. You can invest through individual preferred stocks or investment funds. There are several investment funds offer preferred stock such as mutual fund, exchange traded fund, and closed end fund.With preferred stock mutual fund, you can buy and sell diversified selection of preferred stocks. Some of these funds are among the top mutual funds. Whether you are investing for your brokerage or retirement account, you need to find the right fund for your account.
The following top preferred stock mutual funds are selected based on its year-to-date performance. The top performing preferred stock mutual funds 2014 are:
- Forward Select Income Investor (FFSLX)
- Destra Preferred and Income Securities A (DPIAX)
- Nuveen NWQ Flexible Income A (NWQAX)
- Cohen & Steers Preferred Securities & Income A (CPXAX)
- First Trust Preferred Securities & Income A (FPEAX)
- Principal Preferred Securities A (PPSAX)
- Nuveen Preferred Securities A (NPSAX)