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PRF
VanEck Vectors Preferred US Equity UCITS ETF

Fund Description: VanEck Vectors Preferred US Equity UCITS ETF (PRF) is a UCITS-compliant exchange-traded fund that invests in a portfolio of non-convertible preferred securities listed on U.S. exchanges, with the aim of providing investment returns that closely track the performance of the Wells Fargo® Hybrid and Preferred Securities Aggregate Index (WAGG).

Index Description: The Wells Fargo® Hybrid and Preferred Securities Aggregate Index (WAGG) tracks the performance of non-convertible U.S. preferred securities issued by companies that are listed on U.S. exchanges.

Management Style: Replication

 
 

  • Fund Ticker

    PRF
  • Management Company

    VanEck Investments Ltd
  • Custodian

    State Street Custodial Services (Ireland) Limited
  • Domicile

    Ireland
  • UCITS Compliant

    YES
  • Index Ticker

    WAGG
  • Index Provider

    Wells Fargo Securities, LLC
  • Rebalance Frequency

    Monthly
  • Inception Date2

    22 Sep 2017
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 18 Feb 2020

  • NAV1

    22.39
  • Shares Outstanding

    200,000
  • Number of Holdings

    167
  • Base Currency

    USD
  • Net Assets

    $4.5M
  • Product Structure

    Physical (Full Replication)
  • Distribution Frequency

    None
  • Income Treatment

    Reinvestment
  • Total Expense Ratio

    0.41%
  • Fact Sheet
  • ETF Product List
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Key Points

High Income Potential
U.S. preferred securities have offered higher yield than its common stock and investment grade senior debt


Investment Grade Issuers
U.S.-listed preferred securities exposure with “investment grade” bias


Non-convertible U.S. Preferred Securities
Higher quality and consistency than other bond-like structures, such as contingent convertible (“CoCo”) bonds

Trading Information as of 19 Feb 2020

Exchange Ticker PRF
ISIN IE00BDFBTR85
SEDOL BYZ2H63
Bloomberg PRF LN
Reuters (RIC) VVPRF.L
Telekurs 38431859
Bloomberg iNAV PRFUSDIV
Reuters iNAV PRFINAV=SOLA
WKN A2DYHX
Trading Currency USD
Last Traded Price 22.44
Day's Move -0.01
Volume 11,031
30 Day Volume 2,723
VWAP Volume 11,031
Exchange Ticker PRGB
ISIN IE00BDFBTR85
SEDOL BYZ2H74
Bloomberg PRGB LN
Reuters (RIC) PRGB.L
Telekurs 38431859
Bloomberg iNAV PRFUSDIV
Reuters iNAV PRFINAV=SOLA
WKN A2DYHX
Trading Currency GBP
Last Traded Price 17.34
Day's Move 0.11
Volume 0
30 Day Volume 622
VWAP Volume 0
Exchange Ticker PVF1
ISIN IE00BDFBTR85
SEDOL BF3T536
Bloomberg PVF1 GY
Reuters (RIC) PVF.DE
Telekurs 38431859
Bloomberg iNAV PRFEURIV
Reuters iNAV PRFEURINAV=SOLA
WKN A2DYHX
Trading Currency EUR
Last Traded Price 20.80
Day's Move 0.04
Volume 2,017
30 Day Volume 625
VWAP Volume 2,017
Exchange Ticker PREF
ISIN IE00BDFBTR85
SEDOL --
Bloomberg PREF SE
Reuters (RIC) PREF.S
Telekurs 38431859
Bloomberg iNAV PRFUSDIV
Reuters iNAV PRFINAV=SOLA
WKN A2DYHX
Trading Currency CHF
Last Traded Price --
Day's Move --
Volume 0
30 Day Volume --
VWAP Volume 0
Exchange Ticker PREF
ISIN IE00BDFBTR85
SEDOL --
Bloomberg PREF IM
Reuters (RIC) PREF.MI
Telekurs 38431859
Bloomberg iNAV PRFEURIV
Reuters iNAV PRFEURINAV=SOLA
WKN A2DYHX
Trading Currency EUR
Last Traded Price 20.79
Day's Move 0.07
Volume 901
30 Day Volume 410
VWAP Volume 901

NAVs as of 18 Feb 2020

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
PRF USD $22.39 $-0.02 / -0.07% +1.63%
0.41

Performance History: Average Annual Total Returns* (%)

1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.95 1.88 0.95 11.14 -- -- -- 4.60
WAGG (Index) 1.01 2.07 1.01 12.20 6.96 5.94 7.04 5.62
Performance Differential (NAV - Index) -0.06 -0.19 -0.06 -1.06 -- -- -- -1.02
1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 1.99 1.10 16.62 16.62 -- -- -- 4.34
WAGG (Index) 2.10 1.29 17.74 17.74 7.68 6.25 7.02 5.37
Performance Differential (NAV - Index) -0.11 -0.19 -1.12 -1.12 -- -- -- -1.03

Top 10 Holdings (%) View All Holdings » as of 31 Jan 2020

Total Holdings: 165
Holding Name Maturity
Composite
Rating
Country
Currency
% of Net
Assets
CITIGROUP CAPITAL XIII
30 Oct 2040
BB+
United States
USD
2.8569
PNC FINANCIAL SERVICES GROUP INC/THE
Perpetual
BBB-
United States
USD
1.8604
HSBC HOLDINGS PLC
Perpetual
BBB-
United Kingdom
USD
1.7652
CAPITAL ONE FINANCIAL CORP
Perpetual
BB
United States
USD
1.7297
AT&T INC
01 Nov 2066
BBB
United States
USD
1.5795
ALLSTATE CORP/THE
Perpetual
BBB
United States
USD
1.369
US BANCORP
Perpetual
BBB+
United States
USD
1.3662
DUKE ENERGY CORP
Perpetual
BBB-
United States
USD
1.2672
SOUTHERN CO/THE
15 Oct 2075
BBB-
United States
USD
1.1595
JPMORGAN CHASE & CO
Perpetual
BBB-
United States
USD
1.1451
Top 10 Total (%) 16.12
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 31 Jan 2020

  • Country

    % of Net Assets
  • United States

    90.48
  • Bermuda

    4.98
  • United Kingdom

    2.44
  • Netherlands

    1.11
  • Canada

    0.74
  • Other/Cash

    0.25

Currency Exposure (%)
as of 31 Jan 2020

  • U.S. Dollar

    99.75
  • Other/Cash

    0.25

Sector Weightings (%) as of 31 Jan 2020

  • Sector

    % of Net Assets
  • Financial

    73.9
  • Utilities

    15.1
  • Communications

    7.3
  • Consumer, Cyclical

    2.4
  • Energy

    0.7
  • Government

    0.3
  • Other/Cash

    0.3

Credit Quality (%) as of 31 Jan 2020

Composite % of Net Assets
Investment Grade AA 0.32
A 1.10
BBB 74.37
Non-Investment Grade BB 23.59
Total Investment Grade -- 75.79
Total Non-Investment Grade -- 23.59
Not Rated -- 0.37
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 31 Jan 2020

 

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Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12 month performance to the most recent Quarter end for each of the last 5yrs where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on. Performance data is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than their original cost when redeemed.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

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