Q: How do you feel about this laddered preferred etf as a stable income provider mixed in with some growth stocks such as (CSU, TOU, EQB, Shop and TRP) for a retiree, in this falling interest rate environment?
5i Research Answer:
We are comfortable with preferreds in general, and a laddered preferred will typical have lower rate risk. Preferred can be very frustrating at times, but for conservative investors they can serve an income role, certainy. ZPR now has a five year annualized return of 11.05%, and the pain of 2022 (down 22%) is starting to fade with better recent performance (up 21% last year).