Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

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 05/02/16

    • 30-Day SEC Yield1

      5.92%
    • Total Net Assets

      $309.6M
    • Number of Holdings

      107
    • Options

      Expected
    • Gross Expense Ratio2

      0.47%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      05/31/2016
  • Morningstar™ Ratings3
    as of 3/31/16

    Category Overall 3 Year 5 Year
    Preferred Stock
        
    4 of 37 Funds
        
    4 of 37 Funds
    --
  • 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 05/02/16

    • 30-Day SEC Yield1

      5.92%
    • Distribution Yield1

      4.31%
    • 12-Month Yield1

      5.67%
     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

      15,250,000
    • Estimated Cash

      PFXFEU
    • Total Cash

      PFXFTC
    • CUSIP

      92189F429
    • ISIN

      US92189F4292
    5See IIV Details. Source: Bloomberg
  • Fundamentals
    as of 04/29/16

    • 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 05/02/16

    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 $20.30
    $20.38
    137,887
    170,638
    -$0.03 / -0.17%
    $0.00 / +0.00%
    +7.5%
    +8.6%
    $0.08
    0.38%
  • 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) 4.30 5.86 5.86 3.11 5.56 -- -- 5.91
    PFXF (Share Price) 3.69 6.90 6.90 3.02 5.51 -- -- 5.96
    WHPSL (Index) 4.32 4.83 4.83 3.26 5.59 -- -- 6.00
    Performance Differential (NAV - Index) -0.02 1.03 1.03 -0.15 -0.03 -- -- -0.09
    After Tax Held 4.14 5.20 5.20 0.70 3.06 -- -- 3.58
    After Tax Sold 2.43 3.34 3.34 1.88 3.18 -- -- 3.57
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/16/12
    PFXF (NAV) 4.30 5.86 5.86 3.11 5.56 -- -- 5.91
    PFXF (Share Price) 3.69 6.90 6.90 3.02 5.51 -- -- 5.96
    WHPSL (Index) 4.32 4.83 4.83 3.26 5.59 -- -- 6.00
    Performance Differential (NAV - Index) -0.02 1.03 1.03 -0.15 -0.03 -- -- -0.09
    After Tax Held 4.14 5.20 5.20 0.70 3.06 -- -- 3.58
    After Tax Sold 2.43 3.34 3.34 1.88 3.18 -- -- 3.57
  • Daily Holdings »Top 10 Holdings (%)as of 03/31/16

    Total Holdings: 108
    Holding Name
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Tyson Foods Inc
    07/15/2017
    NR
    U.S.
    USD
    4.05
    Frontier Communications Corp
    06/29/2018
    NR
    U.S.
    USD
    3.64
    Kinder Morgan Inc/De
    Perpetual
    NR
    U.S.
    USD
    2.61
    American Tower Corp
    02/15/2018
    NR
    U.S.
    USD
    2.57
    T-Mobile Us Inc
    12/15/2017
    NR
    U.S.
    USD
    2.40
    Anthem Inc
    05/01/2018
    BBB-
    U.S.
    USD
    2.11
    Exelon Corp
    06/01/2017
    NR
    U.S.
    USD
    2.05
    Southern Co/The
    Perpetual
    BBB
    U.S.
    USD
    1.98
    Vereit Inc
    Perpetual
    NR
    U.S.
    USD
    1.97
    Dominion Resources Inc/Va
    07/01/2017
    BBB-
    U.S.
    USD
    1.82
    Top 10 Total (%)25.20

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

  • Country Weightings (%) as of 03/31/16

    • Country

      % of Net Assets
    • UNITED STATES

      94.83
    • BERMUDA

      3.01
    • MARSHALL ISLANDS

      1.26
    • Other/Cash

      0.90
  • Currency Exposure (%)
    as of 03/31/16

    • U.S. Dollar

      99.10
    • Other/Cash

      0.90
  • Sector Weightings (%) as of 03/31/16

    • Sector

      % of Net Assets
    • REITS

      31.7
    • Electric

      20.6
    • Telecommunications

      16.3
    • Agriculture

      4.5
    • Miscellaneous Manufactur

      4.1
    • Food

      4.0
    • Insurance

      3.8
    • Pipelines

      3.3
    • Oil&Gas

      2.6
    • Healthcare-Services

      2.1
    • Mining

      1.5
    • Hand/Machine Tools

      1.4
    • Transportation

      1.3
    • Office/Business Equip

      0.8
    • Media

      0.5
    • Sovereign

      0.5
    • Other/Cash

      0.9
  • Credit Quality (%)
    as of 03/31/16

    Composite % of Net Assets
    Investment Grade AA 4.64
    A 2.91
    BBB 38.39
    Non-Investment Grade BB 11.98
    B 1.61
    CCC 0.59
    Total Investment Grade -- 45.94
    Total Non-Investment Grade -- 14.18
    Not Rated -- 38.98
    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 03/31/16