Flaherty & Crumrine Preferred and Income Fund
       

 
See The Basics for a detailed Fund description

 

Portfolio Overview: (As of 6/30/2019)

 
Top Twenty Five Issuers
  Issuer
% of Portfolio
1.
MetLife
4.2%
2.
Morgan Stanley
3.7%
3.
Fifth Third Bancorp
3.5%
4.
JPMorgan Chase
3.4%
5.
Energy Transfer Operating, L.P.
3.4%
6.
PNC Financial Services Group
3.4%
7.
BNP Paribas
3.4%
8.
Liberty Mutual Group
3.2%
9.
Citigroup
3.1%
10.
Wells Fargo & Company
2.8%
11.
Unum Group
2.5%
12.
HSBC PLC
2.3%
13.
Barclays Bank PLC
2.1%
14.
Societe Generale
2.0%
15.
New York Community Bancorp
1.9%
16.
Regions Financial Corporation
1.9%
17.
XL Group Limited
1.9%
18.
QBE Insurance Group Limited
1.9%
19.
Land O Lakes
1.8%
20.
CoBank ACB
1.8%
21.
Bank of America Corporation
1.8%
22.
Goldman Sachs Group
1.8%
23.
Huntington Bancshares
1.6%
24.
Texas Capital Bancshares, Inc.
1.6%
25.
Standard Chartered PLC
1.4%

 
Total Portfolio
 
Top Twenty Five:
62.6%
 
Other:
37.4%

Exposure to credit default swaps: None


Credit Quality
Moody's Ratings
% of Securities
Aaa
0.0%
Aa
0.0%

A

0.4%
Baa
54.2%
Ba
33.0%
Not Rated
11.5%
   
Below by Both**
33.4%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Banks
56.3%
Finance
1.3%
Insurance
23.0%
Utilities
8.3%
Other
11.1%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request