Closed End Funds (CEF)
Exchange Traded Funds (ETF)
Below you will finding our listing of Closed End Funds and Exchange Traded Funds
The distribution shown is as of the date shown and is extrapolated to 12 months (most pay monthly distributions).
A key difference in the CEF's and ETF's is that the Closed End Funds may trade at a substantial discount or premium from the Net
Asset Value (NAV) of the Fund. CEF's are actively managed. CEF's are generally leveraged meaning they are more volatile.
Additionally CEF's have higher expense ratios because of the cost of the leverage (interest)
ETF's, being tied to an underlying index, generally have a narrow premium/discount to NAV. They are not leveraged thus have lower
expense ratios and are not as volatile. Additionally because they are not leveraged the yields are generally smaller than the CEF
NOTE--not all issues listed are 'pure' preferred share funds--some toss in some bonds, some REITs etc.
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A link on the security description will take you to the fund website.
|DYH Preferred Closed End Index (from above) Versus the 10 Year
|DYH Preferred ETF Index (from above) Versus the 10 Year Treasury