PRF

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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

    BNY Mellon Trust Company (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 21 Oct 2019

  • NAV1

    21.89
  • Shares Outstanding

    250,000
  • Number of Holdings

    160
  • Base Currency

    USD
  • Net Assets

    $5.5M
  • Product Structure

    Physical (Full Replication)
  • Distribution Frequency

    None
  • Income Treatment

    Reinvestment
  • Total Expense Ratio

    0.41%
  • Fact Sheet
  • ETF Product List

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 21 Oct 2019

Exchange TickerPRF
ISINIE00BDFBTR85
SEDOLBYZ2H63
BloombergPRF LN
Reuters (RIC)VVPRF.L
Telekurs38431859
Bloomberg iNAVPRFUSDIV
Reuters iNAVPRFINAV=SOLA
WKNA2DYHX
Trading CurrencyUSD
Last Traded Price21.89
Day's Move-0.08
Volume0
30 Day Volume176
VWAP Volume0
Exchange TickerPRGB
ISINIE00BDFBTR85
SEDOLBYZ2H74
BloombergPRGB LN
Reuters (RIC)PRGB.L
Telekurs38431859
Bloomberg iNAVPRFUSDIV
Reuters iNAVPRFINAV=SOLA
WKNA2DYHX
Trading CurrencyGBP
Last Traded Price16.87
Day's Move-0.20
Volume0
30 Day Volume289
VWAP Volume0
Exchange TickerPVF1
ISINIE00BDFBTR85
SEDOLBF3T536
BloombergPVF1 GY
Reuters (RIC)PVF.DE
Telekurs38431859
Bloomberg iNAVPRFEURIV
Reuters iNAVPRFEURINAV=SOLA
WKNA2DYHX
Trading CurrencyEUR
Last Traded Price19.65
Day's Move-0.04
Volume0
30 Day Volume1,607
VWAP Volume0
Exchange TickerPREF
ISINIE00BDFBTR85
SEDOL--
BloombergPREF SE
Reuters (RIC)PREF.S
Telekurs38431859
Bloomberg iNAVPRFUSDIV
Reuters iNAVPRFINAV=SOLA
WKNA2DYHX
Trading CurrencyCHF
Last Traded Price--
Day's Move--
Volume0
30 Day Volume--
VWAP Volume0
Exchange TickerPREF
ISINIE00BDFBTR85
SEDOL--
BloombergPREF IM
Reuters (RIC)PREF.MI
Telekurs38431859
Bloomberg iNAVPRFEURIV
Reuters iNAVPRFEURINAV=SOLA
WKNA2DYHX
Trading CurrencyEUR
Last Traded Price19.64
Day's Move-0.07
Volume507
30 Day Volume898
VWAP Volume507

NAVs as of 21 Oct 2019

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
PRF USD $21.89 $-0.01 / -0.04% +15.89%
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) 0.74 3.71 15.35 9.61 -- -- -- 4.33
WAGG (Index) 0.82 3.99 16.24 10.68 5.20 6.53 7.34 5.39
Performance Differential (NAV - Index) -0.08 -0.28 -0.89 -1.07 -- -- -- -1.06
1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.74 3.71 15.35 9.61 -- -- -- 4.33
WAGG (Index) 0.82 3.99 16.24 10.68 5.20 6.53 7.34 5.39
Performance Differential (NAV - Index) -0.08 -0.28 -0.89 -1.07 -- -- -- -1.06

Top 10 Holdings (%) View All Holdings » as of 30 Sep 2019

Total Holdings: 162
Holding Name Maturity
Composite
Rating
Country
Currency
% of Net
Assets
Citigroup Capital Xiii
Perpetual
BB+
United States
USD
2.86
Pnc Financial Services Group Inc/The
Perpetual
BBB-
United States
USD
1.91
Hsbc Holdings Plc
Perpetual
BBB-
United Kingdom
USD
1.77
At&T Inc
Perpetual
BBB
United States
USD
1.69
Allstate Corp/The
Perpetual
BBB
United States
USD
1.40
Us Bancorp
Perpetual
BBB+
United States
USD
1.39
Duke Energy Corp
Perpetual
BBB-
United States
USD
1.28
Southern Co/The
Perpetual
BBB-
United States
USD
1.24
Aegon Nv
Perpetual
BBB
Netherlands
USD
1.21
Jpmorgan Chase & Co
Perpetual
BBB-
United States
USD
1.16
Top 10 Total (%) 15.91
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 30 Sep 2019

  • Country

    % of Net Assets
  • United States

    89.49
  • Bermuda

    4.67
  • United Kingdom

    2.45
  • Netherlands

    2.33
  • Canada

    0.78
  • Other/Cash

    0.29

Currency Exposure (%)
as of 30 Sep 2019

  • U.S. Dollar

    99.71
  • Other/Cash

    0.29

Sector Weightings (%) as of 30 Sep 2019

  • Sector

    % of Net Assets
  • Financial

    73.5
  • Utilities

    15.7
  • Communications

    7.6
  • Consumer, Cyclical

    0.9
  • Industrial

    0.9
  • Energy

    0.8
  • Government

    0.3
  • Other/Cash

    0.3

Credit Quality (%) as of 30 Sep 2019

Composite % of Net Assets
Investment Grade AA 0.32
A 1.17
BBB 75.99
Non-Investment Grade BB 22.23
Total Investment Grade -- 77.48
Total Non-Investment Grade -- 22.23
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 30 Sep 2019

 

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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.

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