• 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 07/28/14

    • 30-Day SEC Yield1

      6.02%
    • Total Net Assets

      $171.9M
    • Number of Holdings

      88
    • Options

      Expected
    • Gross Expense Ratio2

      0.51%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      07/31/2014
  • 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 06/30/14

    Total Constituents: 79
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Arcelormittal
    6.000
    01/15/2016
    5.32
    United Technologies Corp
    7.500
    08/01/2015
    3.77
    American Realty Cap Prop
    6.700
    Perpetual
    2.65
    Nextera Energy Inc
    5.889
    09/01/2015
    2.22
    Health Care Reit Inc
    6.500
    Perpetual
    2.18
    Weyerhaeuser Co
    6.375
    07/01/2016
    2.06
    Stanley Black & Decker I
    5.750
    07/25/2052
    1.92
    Qwest Corp
    6.125
    06/01/2053
    1.90
    Dominion Resources Inc
    8.375
    06/15/2064
    1.84
    Qwest Corp
    7.375
    06/01/2051
    1.84
    Top 10 Total (%)25.70
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 06/30/14

    • Country

      % of Net Assets
    • U.S.

      93.7
    • LUXEMBOURG

      5.3
    • NA / UNDEFINED

      1.0
  • Index Industry Weightings (%)
    as of 06/30/14

    • Sector

      % of Net Assets
    • REITS

      38.6
    • Electric

      23.0
    • Telecommunications

      10.9
    • Iron/Steel

      6.4
    • Insurance

      5.3
    • Aerospace/Defense

      3.8
    • Agriculture

      3.1
    • Transportation

      1.9
    • Hand/Machine Tools

      1.9
    • Sovereign

      1.5
    • OTHERS

      3.5
  • Index Credit Quality (%)
    as of 06/30/14

    Composite % of Net Assets
    Investment Grade AA 1.50
    A 4.01
    BBB 48.24
    Non-Investment Grade BB 12.34
    B 2.55
    CCC 0.88
    Total Investment Grade 53.75
    Total Non-Investment Grade 15.78
    Not Rated 30.47
    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 06/30/14

    Average Maturity: Years