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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 08/26/16

    • 30-Day SEC Yield1

      5.77%
    • Total Net Assets

      $450.2M
    • Number of Holdings

      109
    • Options

      Expected
    • Gross Expense Ratio2

      0.47%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      08/31/2016
  • Morningstar™ Ratings3
    as of 7/31/16

    Category Overall 3 Year 5 Year
    Preferred Stock
        
    4 of 40 Funds
        
    4 of 40 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 08/31/15).
  • Yield
    as of 08/26/16

    • 30-Day SEC Yield1

      5.77%
    • Distribution Yield1

      3.93%
    • 12-Month Yield1

      5.57%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.07%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.47%
    • Fee Waivers and
      Expense Reimbursement

      -0.07%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for PFXF are capped contractually at 0.40% until 09/01/16. 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

      21,550,000
    • Estimated Cash

      PFXFEU
    • Total Cash

      PFXFTC
    • CUSIP

      92189F429
    • ISIN

      US92189F4292
    5See IIV Details. Source: Bloomberg
  • Prices as of 08/26/16

    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 $20.89
    --
    180,081
    0
    $0.02 / +0.11%
    $0.00 / +0.00%
    +12.4%
    +0.0%
    $0.00
    0.00%
  • 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) 1.40 4.56 12.69 9.69 8.09 -- -- 7.06
    PFXF (Share Price) 1.69 5.00 14.09 10.64 8.42 -- -- 7.22
    WHPSL (Index) 1.35 4.53 11.53 9.66 8.08 -- -- 7.12
    Performance Differential (NAV - Index) 0.05 0.03 1.16 0.03 0.01 -- -- -0.06
    After Tax Held -- -- -- -- -- -- -- --
    After Tax Sold -- -- -- -- -- -- -- --
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/16/12
    PFXF (NAV) 2.09 4.98 11.13 9.83 7.68 -- -- 6.84
    PFXF (Share Price) 2.23 4.96 12.20 9.54 7.85 -- -- 6.93
    WHPSL (Index) 2.17 4.98 10.05 9.85 7.68 -- -- 6.91
    Performance Differential (NAV - Index) -0.08 0.00 1.08 -0.02 0.00 -- -- -0.07
    After Tax Held 1.95 4.41 9.84 7.26 5.14 -- -- 4.49
    After Tax Sold 1.18 2.81 6.29 5.60 4.76 -- -- 4.25
  • Daily Holdings »Top 10 Holdings (%) as of 07/31/16

    Total Holdings: 108
    Holding Name
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Frontier Communications Corp
    06/29/2018
    NR
    U.S.
    USD
    3.37
    Kinder Morgan Inc/De
    Perpetual
    NR
    U.S.
    USD
    2.76
    T-Mobile Us Inc
    12/15/2017
    NR
    U.S.
    USD
    2.76
    American Tower Corp
    02/15/2018
    NR
    U.S.
    USD
    2.69
    Vereit Inc
    Perpetual
    NR
    U.S.
    USD
    2.05
    Exelon Corp
    06/01/2017
    NR
    U.S.
    USD
    2.04
    Southwestern Energy Co
    01/15/2018
    NR
    U.S.
    USD
    2.04
    Southern Co/The
    Perpetual
    BBB
    U.S.
    USD
    1.98
    Tyson Foods Inc
    07/15/2017
    NR
    U.S.
    USD
    1.97
    Anthem Inc
    05/01/2018
    BBB-
    U.S.
    USD
    1.97
    Top 10 Total (%)23.63

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

  • Country Weightings (%) as of 07/31/16

    • Country

      % of Net Assets
    • UNITED STATES

      96.96
    • BERMUDA

      2.45
    • MARSHALL ISLANDS

      0.62
    • Other/Cash

      -0.03
  • Currency Exposure (%)
    as of 07/31/16

    • U.S. Dollar

      100.03
    • Other/Cash

      -0.03
  • Sector Weightings (%) as of 07/31/16

    • Sector

      % of Net Assets
    • REITS

      30.4
    • Electric

      22.5
    • Telecommunications

      16.5
    • Agriculture

      4.7
    • Miscellaneous Manufactur

      4.1
    • Insurance

      4.1
    • Pipelines

      3.5
    • Oil&Gas

      3.4
    • Food

      2.0
    • Healthcare-Services

      2.0
    • Mining

      1.6
    • Internet

      1.4
    • Hand/Machine Tools

      1.4
    • Office/Business Equip

      0.8
    • Transportation

      0.6
    • Media

      0.5
    • Sovereign

      0.5
    • Other/Cash

      0.0
  • Credit Quality (%) as of 07/31/16

    Composite % of Net Assets
    Investment Grade AA 4.61
    A 1.98
    BBB 44.06
    Non-Investment Grade BB 11.80
    B 1.67
    CCC 0.57
    Total Investment Grade -- 50.65
    Total Non-Investment Grade -- 14.03
    Not Rated -- 35.35
    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 07/31/16