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PFXF VanEck Vectors Preferred Securities ex Financials ETF

  • Fund Description

    The VanEck 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 12/02/16

    • 30-Day SEC Yield1

      6.19%
    • Total Net Assets

      $421.8M
    • Number of Holdings

      118
    • Options

      Expected
    • Gross Expense Ratio2

      0.49%
    • Net Expense Ratio/TER2

      0.41%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      12/16/2016
  • Morningstar™ Ratings3
    as of 10/31/16

    Category Overall 3 Year 5 Year
    Preferred Stock
       
    3 stars of 41 Funds
       
    3 stars of 41 Funds
    --
  • Key Points

    • High Income Potential
      Historically, a company's preferred securities have offered higher yield than its common stock and senior debt

    • Historically Lower Volatility
      Index excludes traditional financial companies which have been more volatile than other sectors in recent years

    • Lowest Expense Ratio in Class
      PFXF currently has the lowest published net expense ratio of U.S.-listed ETFs that invest primarily in preferred securities (based on 9 ETFs as of 08/31/16).
  • Yield
    as of 12/02/16

    • 30-Day SEC Yield1

      6.19%
    • Distribution Yield1

      5.63%
    • 12-Month Yield1

      5.88%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.09%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.49%
    • Fee Waivers and
      Expense Reimbursement

      -0.08%
    • Net Expense Ratio/TER2

      0.41%
    2Expenses for PFXF are capped contractually at 0.40% until 09/01/17. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      PFXF
    • Index Total Return Ticker

      WHPSL
    • NAV

      PFXFNV
    • Intraday NAV (IIV)5

      PFXFIV
    • Shares Outstanding

      21,900,000
    • Estimated Cash

      PFXFEU
    • Total Cash

      PFXFTC
    • CUSIP

      92189F429
    • ISIN

      US92189F4292
    5See IIV Details. Source: Bloomberg
  • Prices as of 12/02/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    PFXF $19.26
    $19.21
    197,753
    90,568
    $0.06 / +0.33%
    $0.21 / +1.11%
    +5.4%
    +5.8%
    $-0.05
    -0.27%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/16/12
    PFXF (NAV) -1.23 -2.19 10.23 8.73 7.40 -- -- 6.08
    PFXF (Share Price) -1.75 -2.74 10.96 8.27 7.29 -- -- 6.09
    WHPSL (Index) -1.15 -2.23 9.04 8.62 7.36 -- -- 6.13
    Performance Differential (NAV - Index) -0.08 0.04 1.19 0.11 0.04 -- -- -0.05
    After Tax Held -1.52 -2.75 7.98 6.24 4.90 -- -- 3.72
    After Tax Sold -0.70 -1.23 5.79 4.95 4.58 -- -- 3.67
    Quarter End as of 09/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/16/12
    PFXF (NAV) -0.63 0.42 11.60 12.35 8.44 -- -- 6.52
    PFXF (Share Price) -0.62 0.66 12.94 12.30 8.59 -- -- 6.67
    WHPSL (Index) -0.70 0.24 10.31 12.14 8.36 -- -- 6.55
    Performance Differential (NAV - Index) 0.07 0.18 1.29 0.21 0.08 -- -- -0.03
    After Tax Held -0.77 -0.18 9.64 9.64 5.90 -- -- 4.17
    After Tax Sold -0.35 0.24 6.55 7.00 5.36 -- -- 4.01
  • Daily Holdings »Top 10 Holdings (%) as of 10/31/16

    Total Holdings: 117
    Holding Name
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    T-Mobile Us Inc
    12/15/2017
    NR
    U.S.
    USD
    2.72
    Frontier Communications Corp
    06/29/2018
    NR
    U.S.
    USD
    2.65
    Nextera Energy Inc
    Perpetual
    NR
    U.S.
    USD
    2.51
    American Tower Corp
    02/15/2018
    NR
    U.S.
    USD
    2.49
    Kinder Morgan Inc/De
    10/26/2018
    NR
    U.S.
    USD
    2.43
    Dominion Resources Inc/Va
    08/15/2019
    BBB-
    U.S.
    USD
    2.33
    Vereit Inc
    Perpetual
    NR
    U.S.
    USD
    1.89
    Exelon Corp
    06/01/2017
    NR
    U.S.
    USD
    1.81
    Southern Co/The
    10/15/2075
    BBB
    U.S.
    USD
    1.76
    Anthem Inc
    05/01/2018
    BBB-
    U.S.
    USD
    1.74
    Top 10 Total (%)22.33

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 10/31/16

    • Country

      % of Net Assets
    • UNITED STATES

      96.83
    • BERMUDA

      2.66
    • MARSHALL ISLANDS

      0.58
    • Other/Cash

      -0.06
  • Currency Exposure (%)
    as of 10/31/16

    • U.S. Dollar

      100.06
    • Other/Cash

      -0.06
  • Sector Weightings (%) as of 10/31/16

    • Sector

      % of Net Assets
    • Electric

      29.5
    • REITS

      28.3
    • Telecommunications

      14.9
    • Agriculture

      4.4
    • Insurance

      4.2
    • Miscellaneous Manufactur

      3.7
    • Pipelines

      3.1
    • Oil&Gas

      2.5
    • Healthcare-Services

      1.7
    • Food

      1.6
    • Internet

      1.3
    • Hand/Machine Tools

      1.3
    • Mining

      1.3
    • Office/Business Equip

      0.7
    • Transportation

      0.6
    • Media

      0.5
    • Sovereign

      0.5
    • Other/Cash

      -0.1
  • Credit Quality (%) as of 10/31/16

    Composite % of Net Assets
    Investment Grade AA 4.20
    A 3.31
    BBB 42.04
    Non-Investment Grade BB 11.95
    B 1.54
    CCC 0.51
    Total Investment Grade -- 49.55
    Total Non-Investment Grade -- 14.01
    Not Rated -- 36.50
    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 10/31/16