Market Vectors Preferred Ex Financials ( PFXF ) with its approximate annual distribution yield near 6.0% fits the bill. Reasons have included record low yields for the asset class, an imminent rise in interest rates, questionable balance sheets, recession, inflation and overvaluation. In fact, an undesirably rapid rise in rates would probably hurt common stocks of all sizes and shapes, since the U.S. economy would fret the loss of consumer spending power.