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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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JPC offers a high yield of around 10% by investing in a diversified portfolio of investment grade and high yield preferred shares with moderate leverage. The fund's strategy may be impacted by potential rate cuts as a result of its exposure to floating rate, fixed-to-float, and fixed-rate reset preferred shares. JPC outperforms peers like PFF over time, but comes with higher fees and larger drawdowns during market stress, requiring careful risk assessment.
