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Trending ETFs

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.38

$158 M

0.00%

2.06%

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

$12.4
N/A
N/A

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 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$12.38

$158 M

0.00%

2.06%

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%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Flaherty & Crumrine Preferred and Income Fund Inc
  • Fund Family Name
    Flaherty & Crumrine
  • Inception Date
    Aug 12, 2005
  • Shares Outstanding
    12556776
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    R. 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

  1. Provident Financing Trust I 7.405% 2.36%
  2. BNP Paribas 7.375% 2.22%
  3. PNC Financial Services Group Inc Perpetual Preferred Share class-P 2.05%
  4. Banco Santander SA FXDFR PFS PERPETUAL USD 200000 1.98%
  5. Liberty Mutual Group, Inc. 7.8% 1.91%
  6. JPMorgan Chase & Co DR 1.89%
  7. MetLife Inc. 9.25% 1.89%
  8. MetLife Inc. 10.75% 1.85%
  9. New York Community Bancorp Inc Non-Cum Perp Pfd Shs Series -A- 1.83%
  10. 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

View More +

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