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PFXF Market Vectors Preferred Securities ex Financials ETF

  • Fund Description

    The Market Vectors® Preferred Securities ex Financials ETF (PFXF®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Wells Fargo® Hybrid and Preferred Securities ex Financials Index. The Index is intended to track the overall performance of U.S.-listed preferred securities excluding those with a financial sector classification, including securities that, in Wells Fargo Securities LLC's judgment, are functionally equivalent to preferred securities such as convertible securities, depository preferred securities and perpetual subordinated debt.

  •  
      

    • Fund Ticker

      PFXF
    • Exchange

      NYSE Arca
    • Commencement

      07/16/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      WHPSL
    • Index Rebalancing

      Monthly
  •  
    as of 02/05/16

    • 30-Day SEC Yield1

      6.52%
    • Total Net Assets

      $235.8M
    • Number of Holdings

      102
    • Options

      Expected
    • Gross Expense Ratio2

      0.47%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
  • Key Points

    • High Income Potential
      Historically, a company's preferred securities have offered higher yield than its common stock and senior debt

    • Historically Lower Volatility
      Index excludes traditional financial companies which have been more volatile than other sectors in recent years

    • Lowest Expense Ratio in Class
      PFXF currently has the lowest published net expense ratio of U.S.-listed ETFs that invest primarily in preferred securities (based on 9 ETFs as of 08/31/15).
  • Yield
    as of 02/05/16

    • 30-Day SEC Yield1

      6.52%
    • Distribution Yield1

      4.20%
    • 12-Month Yield1

      6.05%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.07%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.47%
    • Fee Waivers and
      Expense Reimbursement

      -0.07%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for PFXF are capped contractually at 0.40% until 09/01/16. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      PFXF
    • Index Total Return Ticker

      WHPSL
    • NAV

      PFXFNV
    • Intraday NAV (IIV)5

      PFXFIV
    • Shares Outstanding

      12,300,000
    • Estimated Cash

      PFXFEU
    • Total Cash

      PFXFTC
    • CUSIP

      57061R791
    • ISIN

      US57061R7917
    5See IIV Details. Source: Bloomberg
  • Fundamentals
    as of 02/04/16

    • Yield to Worst1

      --
    • Yield to Maturity1

      --
    • Effective Duration (yrs)4

      --
    • Modified Duration (yrs)4

      --
    • Duration to Worst4

      --
    • Spread Duration (yrs)4

      --
    • Years to Maturity (yrs)4

      --
    • Coupon4

      --
     4 See Important Disclosure for definitions.
  • Prices as of 02/05/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    PFXF $19.17
    $19.20
    136,862
    197,765
    $-0.03 / +0.21%
    $-0.04 / +0.14%
    +0.7%
    +1.5%
    $0.03
    0.16%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/16/12
    PFXF (NAV) -0.74 0.67 -0.31 -0.31 4.06 -- -- 4.62
    PFXF (Share Price) -1.46 -0.57 -1.56 -1.56 3.74 -- -- 4.43
    WHPSL (Index) 0.21 1.66 0.07 0.07 4.22 -- -- 5.00
    Performance Differential (NAV - Index) -0.95 -0.99 -0.38 -0.38 -0.16 -- -- -0.38
    After Tax Held -0.89 -0.07 -2.71 -2.71 1.57 -- -- 2.29
    After Tax Sold -0.42 0.38 -0.12 -0.12 2.05 -- -- 2.59
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/16/12
    PFXF (NAV) -0.74 0.67 -0.31 -0.31 4.06 -- -- 4.62
    PFXF (Share Price) -1.46 -0.57 -1.56 -1.56 3.74 -- -- 4.43
    WHPSL (Index) 0.21 1.66 0.07 0.07 4.22 -- -- 5.00
    Performance Differential (NAV - Index) -0.95 -0.99 -0.38 -0.38 -0.16 -- -- -0.38
    After Tax Held -0.89 -0.07 -2.71 -2.71 1.57 -- -- 2.29
    After Tax Sold -0.42 0.38 -0.12 -0.12 2.05 -- -- 2.59
  • Daily Holdings »Top 10 Holdings (%)as of 12/31/15

    Total Holdings: 102
    Holding Name
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Tyson Foods Inc
    07/15/2017
    NR
    U.S.
    USD
    3.64
    Frontier Communications Corp
    06/29/2018
    NR
    U.S.
    USD
    3.52
    American Tower Corp
    02/15/2018
    NR
    U.S.
    USD
    2.77
    Metropcs Communications Inc
    12/15/2017
    NR
    U.S.
    USD
    2.71
    Kinder Morgan Inc/Delaware
    Perpetual
    NR
    U.S.
    USD
    2.58
    Wellpoint Inc
    05/01/2018
    BBB-
    U.S.
    USD
    2.30
    Southern Co
    Perpetual
    BBB
    U.S.
    USD
    2.15
    Vereit Inc.
    Perpetual
    NR
    U.S.
    USD
    2.11
    Dominion Resources Inc/Va
    07/01/2017
    BBB-
    U.S.
    USD
    1.92
    Exelon Corp
    06/01/2017
    NR
    U.S.
    USD
    1.86
    Top 10 Total (%)25.56

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 12/31/15

    • Country

      % of Net Assets
    • UNITED STATES

      94.36
    • BERMUDA

      3.35
    • MARSHALL ISLANDS

      1.37
    • Other/Cash

      0.93
  • Currency Exposure (%)
    as of 12/31/15

    • U.S. Dollar

      99.07
    • Other/Cash

      0.93
  • Industry Weightings (%) as of 12/31/15

    • Sector

      % of Net Assets
    • REITS

      33.5
    • Electric

      22.0
    • Telecommunications

      17.6
    • Agriculture

      4.5
    • Insurance

      4.3
    • Food

      3.6
    • Pipelines

      3.2
    • Healthcare-Services

      2.3
    • Mining

      1.7
    • Hand/Machine Tools

      1.6
    • Transportation

      1.4
    • Oil&Gas

      1.3
    • Office/Business Equip

      0.9
    • Media

      0.6
    • Sovereign

      0.5
    • Iron/Steel

      0.1
    • Other/Cash

      0.9
  • Credit Quality (%)
    as of 12/31/15

    Composite % of Net Assets
    Investment Grade AA 0.55
    A 3.20
    BBB 41.64
    Non-Investment Grade BB 13.13
    B 1.70
    CCC 0.65
    Total Investment Grade -- 45.39
    Total Non-Investment Grade -- 15.48
    Not Rated -- 38.21
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 12/31/15