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| CurrencyCode | USD |
|---|---|
| Exchange | NYSE ARCA |
| Beta | None |
|---|---|
| Market Cap | None |
| PE Ratio | None |
| Target Price | None |
The fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities (Income Securities). Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.
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