• 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 10/31/14

    • 30-Day SEC Yield1

      5.97%
    • Total Net Assets

      $182.0M
    • Number of Holdings

      92
    • Options

      Expected
    • Gross Expense Ratio2

      0.53%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/28/2014
  • Country Weightings (%)
    as of 09/30/14

    • Country

      % of Net Assets
    • U.S.

      89.7
    • LUXEMBOURG

      4.6
    • BERMUDA

      3.8
    • MARSHALL ISLANDS

      1.8
    • Other

      0.2
  • Portfolio Composition (%)
    as of 09/30/14

    • % of Net Assets
    • Stocks

      99.82
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      0.18
  • Currency Exposure (%)
    as of 09/30/14

    • U.S. Dollar

      99.82
    • Other

      0.18
    • Total

      100.00
  • Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade AA 1.38
    A 3.72
    BBB 46.33
    Non-Investment Grade BB 11.42
    B 2.30
    CCC 0.80
    Total Investment Grade 51.42
    Total Non-Investment Grade 14.53
    Not rated 34.05
    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 09/30/14

    • Beta vs. S&P 500 Index

    • Correlation vs. S&P 500 Index

    • Volatility (Standard Deviation)

    • Sharpe Ratio

    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 09/30/14

    • Sector

      % of Net Assets
    • REITS

      35.6
    • Electric

      26.0
    • Telecommunications

      9.9
    • Iron/Steel

      5.4
    • Insurance

      4.9
    • Food

      3.7
    • Aerospace/Defense

      3.1
    • Agriculture

      3.1
    • Hand/Machine Tools

      1.8
    • Transportation

      1.8
    • Sovereign

      1.4
    • Office/Business Equip

      1.1
    • Pipelines

      1.0
    • Media

      0.7
    • Healthcare-Services

      0.4
    • Other

      0.2