Preferred Income

Preferred Income

The Preferred Income strategy seeks current income as its primary objective. The portfolio invests in a wide variety of preferred stocks that display high, steady, and consistent income.

The Preferred Income strategy seeks current income as its primary objective by owning a portfolio of preferred stock with an overall issuer investment-grade rating. Preferred stocks are a hybrid investment that combines features of equity and fixed income. Like a stock, most preferred stock pays a dividend that is taxed as a qualified dividend; however, like a bond, they are sensitive to interest rate movements and changes in credit quality.

Portfolio Managers

Edward “JR” Humphreys II, CFA, CAIA
Tom Kaiser, CFA, CPA

Inception Date

02/01/2013

Preferred Income SMA Strategy Highlights

Preferred Income Portfolio Construction