• Ticker:- PFXF;true;WHPSL;
  • Ticker Group:- ETFFI_EI;false;;
  • How to Purchase

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

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 03/25/15

    • 30-Day SEC Yield1

      5.86%
    • Total Net Assets

      $276.8M
    • Number of Holdings

      97
    • Options

      Expected
    • Gross Expense Ratio2

      0.53%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2015
  • 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 02/28/15

    Total Constituents: 79
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Southwestern Energy Co
    0.000
    01/01/1900
    3.95
    Arcelormittal
    6.000
    01/15/2016
    3.29
    Tyson Foods Inc
    0.000
    01/01/1900
    3.20
    United Technologies Corp
    7.500
    08/01/2015
    2.94
    Alcoa Inc
    0.000
    01/01/1900
    2.54
    T-Mobile Us Inc
    0.000
    01/01/1900
    2.54
    Exelon Corp
    0.000
    01/01/1900
    2.39
    American Realty Cap Prop
    6.700
    01/01/1900
    2.13
    Dominion Resources Inc
    0.000
    01/01/1900
    2.12
    Health Care Reit Inc
    6.500
    01/01/1900
    2.06
    Top 10 Total (%)27.16
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 02/28/15

    • Country

      % of Net Assets
    • U.S.

      95.9
    • LUXEMBOURG

      3.3
    • NA / UNDEFINED

      0.8
  • Index Industry Weightings (%) as of 02/28/15

    • Sector

      % of Net Assets
    • REITS

      32.1
    • Electric

      22.1
    • Telecommunications

      13.1
    • Agriculture

      4.7
    • Insurance

      4.4
    • Oil&Gas

      3.9
    • Iron/Steel

      3.7
    • Food

      3.2
    • Aerospace/Defense

      2.9
    • Mining

      2.5
    • OTHERS

      7.2
  • Index Credit Quality (%)
    as of 02/28/15

    Composite % of Net Assets
    Investment Grade AA 1.24
    A 3.35
    BBB 41.50
    Non-Investment Grade BB 13.74
    B 2.00
    CCC 0.70
    Total Investment Grade 46.08
    Total Non-Investment Grade 16.43
    Not Rated 37.48
    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 02/28/15

    Average Maturity: Years