Utility heavy, utilities fall when bond prices rise. Preferred stocks also playing a part as changes in new issues make them a bit less attractive. Leveraged so as interest rates rise, cost of leverage rises as well. All said, PDT is a good choice, when you can buy it at the right price. We are currently in the zone of a great price to add or establish a position. Discount is approaching 10% to NAV. Doesn't get much better than this.
The dow is rising and many of the good funds are dropping; amongst these are the Hancock funds(some are HPI, HPF, HPS, PDT), GHI, AWF,DNP,BWG, HAV,IID, AWF,EAD, FCO, FTF, ACP, PCM, EHI). With these rates now being returned and the dow stocks rising, it looks like you will see a positive correction in the near future that may be the largest one day rise ever for funds. (rising prices have an inverse relationship with annual yields).