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
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 12/08/16

    • 30-Day SEC Yield1

      6.14%
    • Total Net Assets

      $425.4M
    • 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
  • 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 12/08/16

    • 30-Day SEC Yield1

      6.14%
    • Distribution Yield1

      5.58%
    • 12-Month Yield1

      5.83%
     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 12/08/16

    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 $19.43
    $19.37
    204,665
    130,450
    $0.00 / -0.02%
    $0.00 / +0.00%
    +6.7%
    +7.1%
    $-0.06
    -0.29%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    07/16/12
    PFXF (NAV)-3.97-5.755.855.075.77----4.99
    PFXF (Share Price)-4.07-6.346.454.905.82----4.97
    WHPSL (Index)-4.05-5.814.634.845.75----5.01
    Performance Differential (NAV - Index)0.080.061.220.230.02-----0.02
    After Tax Held-4.11-6.303.542.643.29----2.66
    After Tax Sold-2.24-3.243.362.933.36----2.86
    Quarter End as of 09/30/16
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    07/16/12
    PFXF (NAV)-0.630.4211.6012.358.44----6.52
    PFXF (Share Price)-0.620.6612.9412.308.59----6.67
    WHPSL (Index)-0.700.2410.3112.148.36----6.55
    Performance Differential (NAV - Index)0.070.181.290.210.08-----0.03
    After Tax Held-0.77-0.189.649.645.90----4.17
    After Tax Sold-0.350.246.557.005.36----4.01
  • Daily HoldingsTop 10 Holdings (%) as of 11/30/16

    Total Holdings: 118
    Holding Name
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    T-Mobile Us Inc
    12/15/2017
    NR
    U.S.
    USD
    3.07
    Kinder Morgan Inc/De
    10/26/2018
    NR
    U.S.
    USD
    2.71
    Frontier Communications Corp
    06/29/2018
    NR
    U.S.
    USD
    2.55
    Nextera Energy Inc
    Perpetual
    NR
    U.S.
    USD
    2.43
    American Tower Corp
    02/15/2018
    NR
    U.S.
    USD
    2.41
    Dominion Resources Inc/Va
    08/15/2019
    BBB-
    U.S.
    USD
    2.37
    Anthem Inc
    05/01/2018
    BBB-
    U.S.
    USD
    2.00
    Vereit Inc
    Perpetual
    NR
    U.S.
    USD
    1.86
    Exelon Corp
    06/01/2017
    NR
    U.S.
    USD
    1.82
    Southern Co/The
    10/15/2075
    BBB
    U.S.
    USD
    1.77
    Top 10 Total (%)22.99

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

  • Country Weightings (%) as of 11/30/16

    • Country

      % of Net Assets
    • UNITED STATES

      96.80
    • BERMUDA

      2.63
    • MARSHALL ISLANDS

      0.59
    • Other/Cash

      -0.01
  • Currency Exposure (%)
    as of 11/30/16

    • U.S. Dollar

      100.01
    • Other/Cash

      -0.01
  • Sector Weightings (%) as of 11/30/16

    • Sector

      % of Net Assets
    • Electric

      28.8
    • REITS

      28.0
    • Telecommunications

      15.1
    • Agriculture

      4.3
    • Insurance

      4.1
    • Miscellaneous Manufactur

      3.7
    • Pipelines

      3.4
    • Oil&Gas

      3.0
    • Healthcare-Services

      2.0
    • Aerospace/Defense

      1.4
    • Food

      1.3
    • Internet

      1.3
    • Hand/Machine Tools

      1.3
    • Office/Business Equip

      0.8
    • Transportation

      0.6
    • Media

      0.5
    • Sovereign

      0.5
    • Other/Cash

      0.0
  • Credit Quality (%) as of 11/30/16

    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 11/30/16