Mohd Azrin/iStock via Getty Images Looking for more high-yield preferred stocks for your portfolio? Many preferreds have been sitting at or above their call values over the past few months, but there are closed-end funds, "CEFs", such as the Cohen & Steers Ltd Dur Pref and Income Fund Inc ( LDP ), via which you can still gain preferred stock exposure. Fund Profile: "The primary investment objectiv...
Mohd Azrin/iStock via Getty Images Looking for more high-yield preferred stocks for your portfolio? Many preferreds have been sitting at or above their call values over the past few months, but there are closed-end funds, "CEFs", such as the Cohen & Steers Ltd Dur Pref and Income Fund Inc ( LDP ), via which you can still gain preferred stock exposure. Fund Profile: "The primary investment objective of the Fund is to seek high current income through investment in preferred and other income securities. The secondary investment objective is capital appreciation. Preferred and other income securities are issued by U.S. and non-U.S. companies like banks, insurance companies, REITs, other diversified financials, as well as utility, energy, pipeline, and telecommunications companies." (LDP). LDP incepted on 7/27/12. It held 264 positions, with $647M in Net Assets, and an average daily volume of 74K, as of 12/31/25. Management uses leverage, which was 32.37% as of 12/31/25, resulting in a 3.75% expense ratio, which includes interest expense. Hidden Dividend Stocks Plus, Holdings: Bonds comprised ~64% of the portfolio, preferreds were ~30%, and Convertibles were 5.5%, as of 12/31/25: cfct As of 12/31/25, within the Preferreds tranche, Institutional Preferred securities made up 88% of LDP's preferreds holdings, plus 7% in Floating Rate, and 5% in 5% in Retail Preferreds. LDP As of 12/31/25, Banking was LDP's largest sector exposure, at 56%, distantly followed by Insurance, at 12%, and Utilities, at 11%. It also has exposure to Pipelines, at 8%, plus Telecommunication Services, and Brokerage Services, both at 3%. In addition, there's a general "Other category which makes up 9% of the portfolio. LDP At 49%, the US is by far LDP's biggest country exposure, as other nations range from 3% for the Netherlands to 12% for Canada: LDP Credit quality includes 16% in investment grade securities, with non-investment grade comprising 69%, and non-rated securities comprising 12% of the por...