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 02/08/16

    • 30-Day SEC Yield1

      6.61%
    • Total Net Assets

      $233.2M
    • 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
  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • UNITED STATES

      94.93
    • BERMUDA

      3.38
    • MARSHALL ISLANDS

      1.35
    • Other/Cash

      0.35
  • Portfolio Composition (%)
    as of 01/31/16

    • % of Net Assets
    • Stocks

      99.65
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      0.35
  • Currency Exposure (%)
    as of 01/31/16

    • U.S. Dollar

      99.65
    • Other/Cash

      0.35
  • Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade AA 0.56
    A 3.18
    BBB 41.72
    Non-Investment Grade BB 12.68
    B 1.65
    CCC 0.63
    Total Investment Grade -- 45.46
    Total Non-Investment Grade -- 14.96
    Not Rated -- 39.23
    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.
  • 3-YR Risk Measures*
    as of 01/31/16

    • Beta vs. S&P 500 Index

      0.22
    • Correlation vs. S&P 500 Index

      0.39
    • Volatility (Standard Deviation)

      5.96
    • Sharpe Ratio

      0.63

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Industry Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • REITS

      33.5
    • Electric

      22.5
    • Telecommunications

      17.6
    • Agriculture

      4.8
    • Insurance

      4.3
    • Food

      3.6
    • Pipelines

      3.4
    • Healthcare-Services

      2.2
    • Hand/Machine Tools

      1.5
    • Oil&Gas

      1.4
    • Transportation

      1.3
    • Mining

      1.3
    • Office/Business Equip

      0.9
    • Media

      0.6
    • Sovereign

      0.6
    • Other/Cash

      0.3