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The iShares Preferred and Income Securities ETF is designed to replicate the investment outcomes of a benchmark, which is made up of preferred shares and hybrid securities priced exclusively in U.S. dollars.
Is PFF's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
A Roth IRA turns every dollar of yield into spendable income with no federal tax, but the portfolio size you actually need at 60 depends on which yield tier you trust with your retirement, and the tradeoffs between them are sharper than most investors expect.
The portfolio size a 59-year-old needs for $7,600 a month swings by more than $1.6 million depending on one decision, and choosing the wrong tier can leave your income frozen while your costs keep climbing for three decades.
PFF's headline yield draws retirees chasing income, but the fund sponsor's own performance table tells a different story about what investors actually kept after five years of payouts.
The iShares Preferred and Income Securities ETF is rated 'hold' due to interest rate headwinds outweighing solid credit fundamentals and issuer health. PFF offers a 5.65% yield, diversified across financials, industrials, and utilities, with minimal exposure to high-risk credit tiers. Rising bond yields and a consistent bearish technical trend suggest caution; a better entry point may emerge after upcoming Fed and economic data releases.
Lincoln National Corporation has maintained strong preferred dividend coverage despite recent earnings volatility and challenging interest rate conditions. LNC.PR.D preferred shares offer a current yield of 8.73% but trades above par, with a likely call by December 2027 limiting price appreciation. Preferred stock coverage is robust, with net income covering preferred dividends by 26.3x and common equity covering preferred equity by 10.5x.