• Ticker:- PFXF;true;WHPSL;
  • Ticker Group:- ETFFI_EI;false;;
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Preferred Securities ex Financials ETF PFXF

  • Full Name: Market Vectors®
    Preferred Securities ex Financials ETF (PFXF)

    Management Style: Replication

    Underlying Index: The Wells Fargo® Hybrid and Preferred Securities ex Financials Index (WHPSL)

    Index Provider: Wells Fargo Securities, LLC

    Index Description: WHPSL is a rules-based index intended to track the overall performance of publicly traded non-financial preferred securities including those 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 12/18/14

    • 30-Day SEC Yield1

      5.95%
    • Total Net Assets

      $201.9M
    • Number of Holdings

      92
    • Options

      Expected
    • Gross Expense Ratio2

      0.53%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      12/26/2014
  • Index Key Points

    The Wells Fargo® Hybrid and Preferred Securities ex Financials Index (WHPSL): 

    WHPSL is a rules-based index designed to track the performance of convertible or exchangeable and non-convertible preferred securities, issued by U.S. or foreign issuers that are not financial services companies or banks and that are listed on U.S. national securities exchanges.

    Security Eligibility Requirements:    

    • Must maintain minimum par value of $250 million outstanding or a minimum of 10 million shares outstanding.
    • Must  be U.S. dollar denominated.
    • Must have minimum monthly trading volume on its primary listing exchange during each of the last six months of at least 250,000 trading units, based on 9 ETFs as of 03/31/13.

    Index Provider: Wells Fargo Securities, LLC

  • Index Profile

    • Ticker

      WHPSL
    • Inception Date

      01/03/2012
    • Rebalance Frequency

      Monthly
  • Top 10 Constituents (%)as of 11/30/14

    Total Constituents: 79
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Arcelormittal
    6.000
    01/15/2016
    4.06
    Tyson Foods Inc
    0.000
    01/01/1900
    3.64
    Alcoa Inc
    0.000
    01/01/1900
    3.08
    United Technologies Corp
    7.500
    08/01/2015
    3.05
    Exelon Corp
    0.000
    01/01/1900
    2.77
    Dominion Resources Inc
    0.000
    01/01/1900
    2.39
    American Realty Cap Prop
    6.700
    01/01/1900
    2.23
    Health Care Reit Inc
    6.500
    01/01/1900
    2.17
    Nextera Energy Inc
    5.889
    09/01/2015
    1.98
    Weyerhaeuser Co
    6.375
    07/01/2016
    1.87
    Top 10 Total (%)27.24
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 11/30/14

    • Country

      % of Net Assets
    • U.S.

      95.1
    • LUXEMBOURG

      4.1
    • NA / UNDEFINED

      0.9
  • Index Industry Weightings (%) as of 11/30/14

    • Sector

      % of Net Assets
    • REITS

      33.9
    • Electric

      24.2
    • Telecommunications

      10.9
    • Insurance

      4.8
    • Iron/Steel

      4.6
    • Agriculture

      3.9
    • Food

      3.6
    • Mining

      3.1
    • Aerospace/Defense

      3.0
    • Hand/Machine Tools

      1.8
    • OTHERS

      6.1
  • Index Credit Quality (%)
    as of 11/30/14

    Composite % of Net Assets
    Investment Grade AA 1.33
    A 3.67
    BBB 44.17
    Non-Investment Grade BB 14.44
    B 2.20
    CCC 0.79
    Total Investment Grade 49.17
    Total Non-Investment Grade 17.43
    Not Rated 33.40
    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 11/30/14

    Average Maturity: Years