Flaherty & Crumrine Preferred and Income Fund Inc
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.8%
1 yr return
16.8%
3 Yr Avg Return
-6.3%
5 Yr Avg Return
-3.0%
Net Assets
$158 M
Holdings in Top 10
19.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.06%
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 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XPFDX - Profile
Distributions
- YTD Total Return 8.8%
- 3 Yr Annualized Total Return -6.3%
- 5 Yr Annualized Total Return -3.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 7.17%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFlaherty & Crumrine Preferred and Income Fund Inc
-
Fund Family NameFlaherty & Crumrine
-
Inception DateAug 12, 2005
-
Shares Outstanding12556776
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerR. Eric Chadwick
Fund Description
XPFDX - Performance
Return Ranking - Trailing
Period | XPFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.8% | 4.8% | 17.7% | 71.79% |
1 Yr | 16.8% | 10.0% | 28.4% | 42.31% |
3 Yr | -6.3%* | -7.6% | 5.9% | 86.11% |
5 Yr | -3.0%* | -5.1% | 11.5% | 83.82% |
10 Yr | 2.4%* | 0.8% | 5.0% | 75.00% |
* Annualized
Return Ranking - Calendar
Period | XPFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -3.6% | 14.2% | 47.44% |
2022 | -24.1% | -29.4% | -9.6% | 80.56% |
2021 | 1.4% | -3.4% | 17.2% | 19.44% |
2020 | 1.2% | -24.8% | 9.0% | 24.64% |
2019 | 17.0% | 6.4% | 19.1% | 7.69% |
Total Return Ranking - Trailing
Period | XPFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.8% | 4.8% | 17.7% | 71.79% |
1 Yr | 16.8% | 10.0% | 28.4% | 42.31% |
3 Yr | -6.3%* | -7.6% | 5.9% | 86.11% |
5 Yr | -3.0%* | -5.1% | 11.5% | 83.82% |
10 Yr | 2.4%* | 0.8% | 5.0% | 75.00% |
* Annualized
Total Return Ranking - Calendar
Period | XPFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -1.9% | 26.5% | 87.18% |
2022 | -24.1% | -26.0% | -5.8% | 93.06% |
2021 | 1.4% | -2.5% | 27.4% | 90.28% |
2020 | 1.2% | -19.2% | 12.3% | 78.26% |
2019 | 21.0% | 10.0% | 32.0% | 12.31% |
NAV & Total Return History
XPFDX - Holdings
Concentration Analysis
XPFDX | Category Low | Category High | XPFDX % Rank | |
---|---|---|---|---|
Net Assets | 158 M | 24.1 M | 14.5 B | 89.74% |
Number of Holdings | 222 | 49 | 439 | 37.18% |
Net Assets in Top 10 | 50.4 M | 8.45 M | 1.89 B | 79.49% |
Weighting of Top 10 | 19.34% | 11.3% | 48.1% | 52.56% |
Top 10 Holdings
- Provident Financing Trust I 7.405% 2.36%
- BNP Paribas 7.375% 2.22%
- PNC Financial Services Group Inc Perpetual Preferred Share class-P 2.05%
- Banco Santander SA FXDFR PFS PERPETUAL USD 200000 1.98%
- Liberty Mutual Group, Inc. 7.8% 1.91%
- JPMorgan Chase & Co DR 1.89%
- MetLife Inc. 9.25% 1.89%
- MetLife Inc. 10.75% 1.85%
- New York Community Bancorp Inc Non-Cum Perp Pfd Shs Series -A- 1.83%
- QBE Insurance Group Limited 7.5% 1.74%
Asset Allocation
Weighting | Return Low | Return High | XPFDX % Rank | |
---|---|---|---|---|
Preferred Stocks | 42.96% | 0.00% | 125.69% | 35.90% |
Bonds | 38.47% | 0.00% | 97.75% | 67.95% |
Convertible Bonds | 17.21% | 0.00% | 31.65% | 70.67% |
Cash | 1.36% | -0.02% | 11.04% | 78.21% |
Stocks | 0.00% | 0.00% | 29.42% | 65.38% |
Other | 0.00% | -4.41% | 10.15% | 44.87% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XPFDX % Rank | |
---|---|---|---|---|
Corporate | 98.30% | 62.31% | 100.00% | 28.00% |
Cash & Equivalents | 1.70% | 0.00% | 11.04% | 53.85% |
Derivative | 0.00% | -0.56% | 9.46% | 44.87% |
Securitized | 0.00% | 0.00% | 0.00% | 42.67% |
Municipal | 0.00% | 0.00% | 0.00% | 42.67% |
Government | 0.00% | 0.00% | 21.71% | 74.67% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XPFDX % Rank | |
---|---|---|---|---|
US | 30.79% | 0.00% | 97.61% | 67.95% |
Non US | 7.68% | 0.00% | 22.53% | 23.08% |
XPFDX - Expenses
Operational Fees
XPFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.06% | 0.05% | 4.46% | 14.29% |
Management Fee | 0.55% | 0.00% | 1.00% | 24.36% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.10% | 0.01% | 0.55% | 72.00% |
Sales Fees
XPFDX 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
XPFDX 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.
XPFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.00% | 12.00% | 199.00% | 2.94% |
XPFDX - Distributions
Dividend Yield Analysis
XPFDX | Category Low | Category High | XPFDX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.59% | 93.59% |
Dividend Distribution Analysis
XPFDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
XPFDX | Category Low | Category High | XPFDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 7.17% | 0.88% | 7.54% | 8.11% |
Capital Gain Distribution Analysis
XPFDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 20, 2019 | $0.075 | OrdinaryDividend |
May 22, 2019 | $0.075 | OrdinaryDividend |
Apr 22, 2019 | $0.075 | OrdinaryDividend |
Mar 21, 2019 | $0.075 | OrdinaryDividend |
Feb 20, 2019 | $0.075 | OrdinaryDividend |
Jan 23, 2019 | $0.075 | OrdinaryDividend |
Dec 20, 2018 | $0.078 | OrdinaryDividend |
Nov 21, 2018 | $0.078 | OrdinaryDividend |
Oct 23, 2018 | $0.078 | OrdinaryDividend |
Sep 20, 2018 | $0.078 | OrdinaryDividend |
Aug 23, 2018 | $0.078 | OrdinaryDividend |
Jul 23, 2018 | $0.078 | OrdinaryDividend |
Jun 21, 2018 | $0.078 | OrdinaryDividend |
May 22, 2018 | $0.078 | OrdinaryDividend |
Apr 20, 2018 | $0.078 | OrdinaryDividend |
Mar 21, 2018 | $0.078 | OrdinaryDividend |
Feb 20, 2018 | $0.078 | OrdinaryDividend |
Jan 23, 2018 | $0.082 | OrdinaryDividend |
Dec 20, 2017 | $0.082 | OrdinaryDividend |
Nov 21, 2017 | $0.082 | OrdinaryDividend |
Oct 23, 2017 | $0.082 | OrdinaryDividend |
Sep 21, 2017 | $0.082 | OrdinaryDividend |
Aug 22, 2017 | $0.082 | OrdinaryDividend |
Jul 20, 2017 | $0.088 | OrdinaryDividend |
Jun 21, 2017 | $0.088 | OrdinaryDividend |
May 19, 2017 | $0.088 | OrdinaryDividend |
Apr 19, 2017 | $0.088 | OrdinaryDividend |
Mar 22, 2017 | $0.088 | OrdinaryDividend |
Feb 16, 2017 | $0.088 | OrdinaryDividend |
Jan 20, 2017 | $0.088 | OrdinaryDividend |
Dec 20, 2016 | $0.088 | OrdinaryDividend |
Nov 18, 2016 | $0.090 | OrdinaryDividend |
Oct 20, 2016 | $0.090 | OrdinaryDividend |
Sep 21, 2016 | $0.090 | OrdinaryDividend |
Aug 22, 2016 | $0.090 | OrdinaryDividend |
Jul 20, 2016 | $0.090 | OrdinaryDividend |
Jun 21, 2016 | $0.090 | OrdinaryDividend |
May 19, 2016 | $0.090 | OrdinaryDividend |
Apr 20, 2016 | $0.090 | OrdinaryDividend |
Mar 21, 2016 | $0.090 | OrdinaryDividend |
Feb 18, 2016 | $0.090 | OrdinaryDividend |
Jan 20, 2016 | $0.090 | OrdinaryDividend |
Dec 21, 2015 | $0.090 | OrdinaryDividend |
Nov 18, 2015 | $0.090 | OrdinaryDividend |
Oct 21, 2015 | $0.090 | OrdinaryDividend |
Sep 21, 2015 | $0.090 | OrdinaryDividend |
Aug 20, 2015 | $0.090 | OrdinaryDividend |
Jul 22, 2015 | $0.090 | OrdinaryDividend |
Jun 19, 2015 | $0.090 | OrdinaryDividend |
May 19, 2015 | $0.090 | OrdinaryDividend |
Apr 21, 2015 | $0.090 | OrdinaryDividend |
Mar 20, 2015 | $0.090 | OrdinaryDividend |
Feb 18, 2015 | $0.090 | OrdinaryDividend |
Jan 21, 2015 | $0.090 | OrdinaryDividend |
Dec 19, 2014 | $0.090 | OrdinaryDividend |
Nov 18, 2014 | $0.090 | OrdinaryDividend |
Oct 22, 2014 | $0.090 | OrdinaryDividend |
Sep 19, 2014 | $0.090 | OrdinaryDividend |
Aug 20, 2014 | $0.090 | OrdinaryDividend |
Jul 22, 2014 | $0.090 | OrdinaryDividend |
Jun 19, 2014 | $0.090 | OrdinaryDividend |
May 20, 2014 | $0.090 | OrdinaryDividend |
Apr 21, 2014 | $0.090 | OrdinaryDividend |
Mar 20, 2014 | $0.090 | OrdinaryDividend |
Feb 19, 2014 | $0.090 | OrdinaryDividend |
Jan 22, 2014 | $0.090 | OrdinaryDividend |
Dec 19, 2013 | $0.080 | ExtraDividend |
Dec 19, 2013 | $0.090 | OrdinaryDividend |
Nov 19, 2013 | $0.090 | OrdinaryDividend |
Oct 22, 2013 | $0.090 | OrdinaryDividend |
Sep 19, 2013 | $0.090 | OrdinaryDividend |
Aug 21, 2013 | $0.090 | OrdinaryDividend |
Jul 22, 2013 | $0.090 | OrdinaryDividend |
Jun 19, 2013 | $0.090 | OrdinaryDividend |
May 22, 2013 | $0.090 | OrdinaryDividend |
Apr 19, 2013 | $0.090 | OrdinaryDividend |
Mar 19, 2013 | $0.090 | OrdinaryDividend |
Feb 19, 2013 | $0.090 | OrdinaryDividend |
Jan 22, 2013 | $0.090 | OrdinaryDividend |
Dec 19, 2012 | $0.120 | ExtraDividend |
Dec 19, 2012 | $0.090 | OrdinaryDividend |
Nov 20, 2012 | $0.093 | OrdinaryDividend |
Oct 22, 2012 | $0.093 | OrdinaryDividend |
Sep 19, 2012 | $0.093 | OrdinaryDividend |
Aug 22, 2012 | $0.093 | OrdinaryDividend |
Jul 20, 2012 | $0.093 | OrdinaryDividend |
Jun 20, 2012 | $0.093 | OrdinaryDividend |
May 21, 2012 | $0.093 | OrdinaryDividend |
Apr 19, 2012 | $0.093 | OrdinaryDividend |
Mar 21, 2012 | $0.093 | OrdinaryDividend |
Feb 17, 2012 | $0.093 | OrdinaryDividend |
Jan 20, 2012 | $0.093 | OrdinaryDividend |
Dec 20, 2011 | $0.047 | ExtraDividend |
Dec 20, 2011 | $0.093 | OrdinaryDividend |
Nov 18, 2011 | $0.093 | OrdinaryDividend |
Oct 20, 2011 | $0.093 | OrdinaryDividend |
Sep 21, 2011 | $0.093 | OrdinaryDividend |
Aug 22, 2011 | $0.093 | OrdinaryDividend |
Jul 20, 2011 | $0.090 | OrdinaryDividend |
Jun 21, 2011 | $0.090 | OrdinaryDividend |
May 19, 2011 | $0.090 | OrdinaryDividend |
Apr 19, 2011 | $0.090 | OrdinaryDividend |
Mar 22, 2011 | $0.090 | OrdinaryDividend |
Feb 16, 2011 | $0.090 | OrdinaryDividend |
Jan 20, 2011 | $0.090 | OrdinaryDividend |
Dec 21, 2010 | $0.030 | ExtraDividend |
Dec 21, 2010 | $0.090 | OrdinaryDividend |
Nov 18, 2010 | $0.089 | OrdinaryDividend |
Oct 20, 2010 | $0.089 | OrdinaryDividend |
Sep 21, 2010 | $0.089 | OrdinaryDividend |
Aug 20, 2010 | $0.089 | OrdinaryDividend |
Jul 21, 2010 | $0.083 | OrdinaryDividend |
Jun 21, 2010 | $0.083 | OrdinaryDividend |
May 19, 2010 | $0.083 | OrdinaryDividend |
Apr 21, 2010 | $0.072 | OrdinaryDividend |
Mar 22, 2010 | $0.072 | OrdinaryDividend |
Feb 17, 2010 | $0.072 | OrdinaryDividend |
Jan 20, 2010 | $0.072 | OrdinaryDividend |
Dec 21, 2009 | $0.072 | OrdinaryDividend |
Nov 18, 2009 | $0.063 | OrdinaryDividend |
Oct 21, 2009 | $0.063 | OrdinaryDividend |
Sep 21, 2009 | $0.063 | OrdinaryDividend |
Aug 20, 2009 | $0.063 | OrdinaryDividend |
Jul 22, 2009 | $0.063 | OrdinaryDividend |
Jun 19, 2009 | $0.063 | OrdinaryDividend |
May 19, 2009 | $0.063 | OrdinaryDividend |
Apr 21, 2009 | $0.063 | OrdinaryDividend |
Mar 20, 2009 | $0.063 | OrdinaryDividend |
Feb 18, 2009 | $0.063 | OrdinaryDividend |
Jan 21, 2009 | $0.063 | OrdinaryDividend |
Dec 19, 2008 | $0.063 | OrdinaryDividend |
Nov 20, 2008 | $0.066 | OrdinaryDividend |
Nov 05, 2008 | $0.066 | OrdinaryDividend |
Sep 22, 2008 | $0.073 | OrdinaryDividend |
Sep 19, 2008 | $0.073 | OrdinaryDividend |
Aug 20, 2008 | $0.078 | OrdinaryDividend |
Jul 22, 2008 | $0.078 | OrdinaryDividend |
Jun 19, 2008 | $0.078 | OrdinaryDividend |
May 20, 2008 | $0.078 | OrdinaryDividend |
Apr 21, 2008 | $0.078 | OrdinaryDividend |
Mar 19, 2008 | $0.078 | OrdinaryDividend |
Feb 20, 2008 | $0.078 | OrdinaryDividend |
Jan 22, 2008 | $0.086 | OrdinaryDividend |
Dec 19, 2007 | $0.086 | OrdinaryDividend |
Nov 20, 2007 | $0.086 | OrdinaryDividend |
Oct 22, 2007 | $0.086 | OrdinaryDividend |
Sep 19, 2007 | $0.086 | OrdinaryDividend |
Aug 22, 2007 | $0.086 | OrdinaryDividend |
Jul 20, 2007 | $0.086 | OrdinaryDividend |
Jun 20, 2007 | $0.086 | OrdinaryDividend |
May 21, 2007 | $0.086 | OrdinaryDividend |
Apr 19, 2007 | $0.086 | OrdinaryDividend |
Mar 21, 2007 | $0.086 | OrdinaryDividend |
Feb 16, 2007 | $0.086 | OrdinaryDividend |
Jan 22, 2007 | $0.086 | OrdinaryDividend |
Dec 19, 2006 | $0.086 | OrdinaryDividend |
Nov 20, 2006 | $0.086 | OrdinaryDividend |
Oct 20, 2006 | $0.086 | OrdinaryDividend |
Sep 20, 2006 | $0.086 | OrdinaryDividend |
Aug 22, 2006 | $0.086 | OrdinaryDividend |
Jul 20, 2006 | $0.086 | OrdinaryDividend |
Jun 21, 2006 | $0.086 | OrdinaryDividend |
May 22, 2006 | $0.086 | OrdinaryDividend |
Apr 19, 2006 | $0.086 | OrdinaryDividend |
Mar 22, 2006 | $0.086 | OrdinaryDividend |
Feb 16, 2006 | $0.091 | OrdinaryDividend |
Jan 20, 2006 | $0.091 | OrdinaryDividend |
Dec 20, 2005 | $0.091 | OrdinaryDividend |
Nov 21, 2005 | $0.091 | OrdinaryDividend |
Oct 20, 2005 | $0.091 | OrdinaryDividend |
Sep 21, 2005 | $0.091 | OrdinaryDividend |
Aug 22, 2005 | $0.091 | OrdinaryDividend |
Jul 20, 2005 | $0.091 | OrdinaryDividend |
Jun 21, 2005 | $0.091 | OrdinaryDividend |
May 20, 2005 | $0.091 | OrdinaryDividend |
Apr 20, 2005 | $0.091 | OrdinaryDividend |
Mar 22, 2005 | $0.095 | OrdinaryDividend |
Feb 16, 2005 | $0.095 | OrdinaryDividend |
Jan 20, 2005 | $0.095 | OrdinaryDividend |
Dec 21, 2004 | $0.065 | ExtraDividend |
Dec 21, 2004 | $0.095 | OrdinaryDividend |
Nov 19, 2004 | $0.095 | OrdinaryDividend |
Oct 20, 2004 | $0.095 | OrdinaryDividend |
Sep 21, 2004 | $0.095 | OrdinaryDividend |
Aug 20, 2004 | $0.095 | OrdinaryDividend |
Jul 21, 2004 | $0.095 | OrdinaryDividend |
Jun 21, 2004 | $0.095 | OrdinaryDividend |
May 19, 2004 | $0.095 | OrdinaryDividend |
Apr 21, 2004 | $0.095 | OrdinaryDividend |
Mar 22, 2004 | $0.095 | OrdinaryDividend |
Feb 18, 2004 | $0.095 | OrdinaryDividend |
Jan 21, 2004 | $0.095 | OrdinaryDividend |
Dec 22, 2003 | $0.040 | ExtraDividend |
Dec 22, 2003 | $0.095 | OrdinaryDividend |
Nov 18, 2003 | $0.092 | OrdinaryDividend |
XPFDX - Fund Manager Analysis
Managers
R. Eric Chadwick
Start Date
Tenure
Tenure Rank
Dec 31, 1998
23.43
23.4%
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.
Bradford Stone
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |