Flaherty & Crumrine Dynamic Preferred & Income Fund, Inc.
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.0%
1 yr return
6.2%
3 Yr Avg Return
-8.7%
5 Yr Avg Return
-3.2%
Net Assets
$471 M
Holdings in Top 10
24.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 12.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XDFPX - Profile
Distributions
- YTD Total Return 1.0%
- 3 Yr Annualized Total Return -8.7%
- 5 Yr Annualized Total Return -3.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 7.40%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFlaherty & Crumrine Dynamic Preferred & Income Fund, Inc.
-
Fund Family NameFlaherty & Crumrine
-
Inception DateMay 29, 2013
-
Shares Outstanding20507866
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBradford Stone
Fund Description
XDFPX - Performance
Return Ranking - Trailing
Period | XDFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -3.8% | 3.7% | 73.08% |
1 Yr | 6.2% | 2.4% | 18.1% | 79.49% |
3 Yr | -8.7%* | -8.9% | 6.0% | 97.22% |
5 Yr | -3.2%* | -5.5% | 5.4% | 86.36% |
10 Yr | 2.4%* | 0.6% | 4.6% | 66.67% |
* Annualized
Return Ranking - Calendar
Period | XDFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.2% | -3.6% | 14.2% | 35.90% |
2022 | -26.0% | -29.4% | -9.6% | 93.06% |
2021 | 1.4% | -3.4% | 17.2% | 18.06% |
2020 | 1.2% | -24.8% | 9.0% | 26.09% |
2019 | 18.6% | 6.4% | 19.1% | 3.08% |
Total Return Ranking - Trailing
Period | XDFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -3.8% | 3.7% | 73.08% |
1 Yr | 6.2% | 2.4% | 18.1% | 79.49% |
3 Yr | -8.7%* | -8.9% | 6.0% | 97.22% |
5 Yr | -3.2%* | -5.5% | 5.4% | 86.36% |
10 Yr | 2.4%* | 0.6% | 4.6% | 66.67% |
* Annualized
Total Return Ranking - Calendar
Period | XDFPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.2% | -1.9% | 26.5% | 85.90% |
2022 | -26.0% | -26.0% | -5.8% | 100.00% |
2021 | 1.4% | -2.5% | 27.4% | 87.50% |
2020 | 1.2% | -19.2% | 12.3% | 79.71% |
2019 | 22.9% | 10.0% | 32.0% | 3.08% |
NAV & Total Return History
XDFPX - Holdings
Concentration Analysis
XDFPX | Category Low | Category High | XDFPX % Rank | |
---|---|---|---|---|
Net Assets | 471 M | 24.1 M | 14.5 B | 66.67% |
Number of Holdings | 209 | 45 | 450 | 43.59% |
Net Assets in Top 10 | 190 M | 7.69 M | 1.65 B | 60.26% |
Weighting of Top 10 | 24.55% | 12.1% | 48.1% | 30.77% |
Top 10 Holdings
- Citigroup Inc Deposit Shs Repr 1/1000th 6 7/8 % Non-Cum Perp Pfd Shs Series 3.99%
- Liberty Mutual Group, Inc. 7.8% 3.61%
- MetLife Inc. 9.25% 3.03%
- Lloyds Banking Group PLC 2.57%
- Morgan Stanley Deposit Shs Repr 1/1000th Non-Cum Pfd Shs Series -F- 2.36%
- PNC Financial Services Group Inc Perpetual Preferred Share class-P 2.32%
- Fifth Third Bancorp Deposit Shs Repr 1/1000th Non-Cum Perp Pfd Shs Series - 2.31%
- Lloyds Banking Group PLC 3.369% 2.21%
- M&T Bank Corp Non-Cum Perp Pfd Shs Series -E- 2.03%
- Regions Financial Corp Deposit Shs Repr 1/40th Non-Cum Perp Pfd Shs Series 1.93%
Asset Allocation
Weighting | Return Low | Return High | XDFPX % Rank | |
---|---|---|---|---|
Preferred Stocks | 45.61% | 0.00% | 125.53% | 32.05% |
Bonds | 33.49% | 0.00% | 98.46% | 73.08% |
Convertible Bonds | 20.21% | 0.00% | 31.65% | 52.00% |
Cash | 0.69% | -0.02% | 10.76% | 91.03% |
Stocks | 0.00% | 0.00% | 28.30% | 61.54% |
Other | 0.00% | -4.48% | 12.19% | 48.72% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XDFPX % Rank | |
---|---|---|---|---|
Corporate | 98.93% | 62.31% | 100.00% | 22.67% |
Cash & Equivalents | 1.07% | 0.00% | 10.76% | 57.69% |
Derivative | 0.00% | -0.63% | 12.19% | 48.72% |
Securitized | 0.00% | 0.00% | 0.00% | 38.67% |
Municipal | 0.00% | 0.00% | 0.00% | 38.67% |
Government | 0.00% | 0.00% | 21.71% | 81.33% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XDFPX % Rank | |
---|---|---|---|---|
US | 25.88% | 0.00% | 98.46% | 73.08% |
Non US | 7.61% | 0.00% | 22.53% | 16.67% |
XDFPX - Expenses
Operational Fees
XDFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.87% | 0.05% | 4.46% | 15.58% |
Management Fee | 0.58% | 0.00% | 1.00% | 26.92% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
XDFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XDFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XDFPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.00% | 12.00% | 199.00% | 4.41% |
XDFPX - Distributions
Dividend Yield Analysis
XDFPX | Category Low | Category High | XDFPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.56% | 88.46% |
Dividend Distribution Analysis
XDFPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
XDFPX | Category Low | Category High | XDFPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 7.40% | 0.88% | 7.54% | 2.70% |
Capital Gain Distribution Analysis
XDFPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2019 | $0.143 | OrdinaryDividend |
May 31, 2019 | $0.143 | OrdinaryDividend |
Apr 30, 2019 | $0.143 | OrdinaryDividend |
Mar 29, 2019 | $0.143 | OrdinaryDividend |
Feb 28, 2019 | $0.143 | OrdinaryDividend |
Jan 31, 2019 | $0.143 | OrdinaryDividend |
Dec 31, 2018 | $0.148 | OrdinaryDividend |
Nov 30, 2018 | $0.148 | OrdinaryDividend |
Oct 31, 2018 | $0.148 | OrdinaryDividend |
Sep 28, 2018 | $0.148 | OrdinaryDividend |
Aug 31, 2018 | $0.148 | OrdinaryDividend |
Jul 31, 2018 | $0.148 | OrdinaryDividend |
Jun 29, 2018 | $0.148 | OrdinaryDividend |
May 31, 2018 | $0.148 | OrdinaryDividend |
Apr 30, 2018 | $0.148 | OrdinaryDividend |
Mar 29, 2018 | $0.148 | OrdinaryDividend |
Feb 28, 2018 | $0.148 | OrdinaryDividend |
Jan 31, 2018 | $0.155 | OrdinaryDividend |
Dec 29, 2017 | $0.155 | OrdinaryDividend |
Nov 30, 2017 | $0.155 | OrdinaryDividend |
Oct 31, 2017 | $0.155 | OrdinaryDividend |
Sep 29, 2017 | $0.155 | OrdinaryDividend |
Aug 31, 2017 | $0.155 | OrdinaryDividend |
Jul 31, 2017 | $0.160 | OrdinaryDividend |
Jun 30, 2017 | $0.160 | OrdinaryDividend |
May 31, 2017 | $0.160 | OrdinaryDividend |
Apr 28, 2017 | $0.160 | OrdinaryDividend |
Mar 31, 2017 | $0.160 | OrdinaryDividend |
Feb 28, 2017 | $0.160 | OrdinaryDividend |
Jan 31, 2017 | $0.160 | OrdinaryDividend |
Dec 30, 2016 | $0.160 | OrdinaryDividend |
Nov 30, 2016 | $0.160 | OrdinaryDividend |
Oct 31, 2016 | $0.160 | OrdinaryDividend |
Sep 30, 2016 | $0.160 | OrdinaryDividend |
Aug 31, 2016 | $0.160 | OrdinaryDividend |
Jul 29, 2016 | $0.160 | OrdinaryDividend |
Jun 30, 2016 | $0.160 | OrdinaryDividend |
May 31, 2016 | $0.160 | OrdinaryDividend |
Apr 29, 2016 | $0.160 | OrdinaryDividend |
Mar 31, 2016 | $0.160 | OrdinaryDividend |
Feb 29, 2016 | $0.160 | OrdinaryDividend |
Jan 29, 2016 | $0.160 | OrdinaryDividend |
Dec 31, 2015 | $0.160 | OrdinaryDividend |
Nov 30, 2015 | $0.160 | OrdinaryDividend |
Oct 30, 2015 | $0.160 | OrdinaryDividend |
Sep 30, 2015 | $0.160 | OrdinaryDividend |
Aug 31, 2015 | $0.160 | OrdinaryDividend |
Jul 31, 2015 | $0.160 | OrdinaryDividend |
Jun 30, 2015 | $0.160 | OrdinaryDividend |
May 29, 2015 | $0.160 | OrdinaryDividend |
Apr 30, 2015 | $0.160 | OrdinaryDividend |
Mar 31, 2015 | $0.160 | OrdinaryDividend |
Feb 27, 2015 | $0.160 | OrdinaryDividend |
Jan 30, 2015 | $0.160 | OrdinaryDividend |
Dec 31, 2014 | $0.160 | OrdinaryDividend |
Nov 28, 2014 | $0.160 | OrdinaryDividend |
Oct 31, 2014 | $0.160 | OrdinaryDividend |
Sep 30, 2014 | $0.160 | OrdinaryDividend |
Aug 29, 2014 | $0.160 | OrdinaryDividend |
Jul 31, 2014 | $0.160 | OrdinaryDividend |
Jun 30, 2014 | $0.160 | OrdinaryDividend |
May 30, 2014 | $0.160 | OrdinaryDividend |
Apr 30, 2014 | $0.160 | OrdinaryDividend |
Mar 31, 2014 | $0.160 | OrdinaryDividend |
Feb 28, 2014 | $0.160 | OrdinaryDividend |
Jan 31, 2014 | $0.160 | OrdinaryDividend |
Dec 31, 2013 | $0.160 | OrdinaryDividend |
Nov 29, 2013 | $0.156 | OrdinaryDividend |
Oct 31, 2013 | $0.156 | OrdinaryDividend |
Sep 30, 2013 | $0.156 | OrdinaryDividend |
Aug 30, 2013 | $0.156 | OrdinaryDividend |
Jul 31, 2013 | $0.156 | OrdinaryDividend |
XDFPX - Fund Manager Analysis
Managers
Bradford Stone
Start Date
Tenure
Tenure Rank
May 24, 2013
9.02
9.0%
Mr. Stone joined Flaherty & Crumrine in 2003 after a 20-year career on Wall Street. Based in Summit, New Jersey, he is a member of the firm’s portfolio management team and is responsible for macroeconomic and quantitative research and analysis and directs our credit research group. Together with Mr. Chadwick and Mr. Conwell, he serves on the firm’s board of directors and is a member of the executive management committee. He also serves as Chief Financial Officer, Vice President and Treasurer of the U.S. Flaherty & Crumrine funds. From 2001 until joining Flaherty & Crumrine, he was Director of U.S. Market Strategy at Barclays Capital in New York, where he advised clients on market strategies across U.S. treasuries, agencies, and interest rate derivative products. Prior to Barclays, he spent 14 years at Goldman Sachs, where he most recently held the position of Director – Interest Rate Product Strategy, Americas. He was a regular member of Institutional Investor’s All-America Fixed Income Research Team, earning the top ranking in Derivatives Strategy in 2001. He began his career at Salomon Brothers as an options trader and derivative salesperson. Mr. Stone earned his M.B.A. from Wharton Graduate School of Business and his A.B. in Economics from Dartmouth College.
R. Eric Chadwick
Start Date
Tenure
Tenure Rank
May 24, 2013
9.02
9.0%
Mr. Chadwick has managed preferred securities at Flaherty & Crumrine since 1999 and is a member of the firm’s portfolio management team. As one of the firm's traders, he shares responsibility for implementing investment strategies. Mr. Chadwick is also involved in the development of tools for managing the portfolios and developing firm-wide systems. Together with Mr. Conwell and Mr. Stone, he serves on the firm's board of directors and is a member of the executive management committee. He also serves as President of the U.S. Flaherty & Crumrine closed-end funds. Prior to joining Flaherty & Crumrine in 1999, he worked at Koch Industries Inc. where he was responsible for managing sizable portfolios of both preferred securities and corporate bonds. He was also responsible for developing analytical tools used in the management of the portfolios, and providing fundamental research on a broad range of credits. Mr. Chadwick earned his M.B.A. from the UCLA Anderson School of Management and his B.S. in Economics from the University of Kansas.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |