Personal Investment Notes

Preferred Stock Indices

PFF – iShares preferred stock index ETF fund. Emulates the S&P U.S. Preferred Stock Index. 0.48% expense ratio.

PGX – Powershares preferred stock index ETF fund. Emulates the Merrill Lynch Fixed Rate Preferred Securities index. 0.50% expense ratio.

PGF – Powershares financial preferred stock index ETF fund. Emulates the Wachovia Hybrid & Preferred Securities Financial Index. 0.70% expense ratio.

Due Diligence

See what the top holdings of the funds are. Most issuers of preferred stock are financial companies. Also, check out the expense ratio. The income may have qualified dividend income in addition to regular dividend income. Also, some income may be return of principal.