PFXFVanEck 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 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
WHPSL -
Index Rebalancing
Monthly
as of 04/16/21
-
30-Day SEC Yield1
5.07% -
Total Net Assets
$944.7M -
Number of Holdings
140 -
Options
Expected -
Gross Expense Ratio2
0.44% -
Net Expense Ratio/TER2
0.41% -
Distribution Frequency
Monthly
Key Points
- High Income Potential
Historically, a company's preferred securities have offered higher yield than its common stock and senior debt
- Differentiated Exposure
Index excludes traditional financial companies, which dominate broad-based indices, resulting in greater diversification without sacrificing yield
- Low Expense Ratio
PFXF's net expense ratio is 59% less than the mutual fund and ETF category average*
Yield
as of 04/16/21
-
30-Day SEC Yield1
5.07% -
Distribution Yield1
2.57% -
12-Month Yield1
4.74%
Fees & Expenses2
-
Management Fee
0.40% -
Other Expenses
0.04% -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.44% -
Fee Waivers andExpense Reimbursement
-0.03% -
Net Expense Ratio/TER2
0.41%
Trading Information
-
Fund Ticker
PFXF -
Index Total Return Ticker
WHPSL -
NAV
PFXFNV -
Intraday NAV (IIV)5
PFXFIV -
Shares Outstanding
44,600,000 -
Estimated Cash
PFXFEU -
Total Cash
PFXFTC -
CUSIP
92189F429 -
ISIN
US92189F4292
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Prices as of 04/16/21
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) | 3.84 | 2.07 | 2.07 | 34.22 | 8.46 | 6.52 | -- | 6.26 |
PFXF (Share Price) | 4.26 | 2.42 | 2.42 | 33.14 | 8.60 | 6.52 | -- | 6.31 |
WHPSL (Index) | 3.88 | 1.50 | 1.50 | 34.36 | 8.75 | 6.53 | -- | 6.30 |
Performance Differential (NAV - Index) | -0.04 | 0.57 | 0.57 | -0.14 | -0.29 | -0.01 | -- | -0.04 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 07/16/12 |
|
---|---|---|---|---|---|---|---|---|
PFXF (NAV) | 3.84 | 2.07 | 2.07 | 34.22 | 8.46 | 6.52 | -- | 6.26 |
PFXF (Share Price) | 4.26 | 2.42 | 2.42 | 33.14 | 8.60 | 6.52 | -- | 6.31 |
WHPSL (Index) | 3.88 | 1.50 | 1.50 | 34.36 | 8.75 | 6.53 | -- | 6.30 |
Performance Differential (NAV - Index) | -0.04 | 0.57 | 0.57 | -0.14 | -0.29 | -0.01 | -- | -0.04 |
Top 10 Holdings (%) as of 03/31/21 Daily Holdings
to view
full data
Holding Name | Maturity |
Country†
|
Currency
|
% of Net Assets |
|
---|---|---|---|---|---|
ARCELORMITTAL SA |
05/18/2023
|
Luxembourg
|
USD
|
3.32 | |
NEXTERA ENERGY INC |
03/01/2023
|
United States
|
USD
|
2.99 | |
NEXTERA ENERGY INC |
09/01/2023
|
United States
|
USD
|
2.39 | |
AVANTOR INC |
05/15/2022
|
United States
|
USD
|
2.26 | |
PG&E CORP |
08/16/2023
|
United States
|
USD
|
2.20 | |
APTIV PLC |
06/15/2023
|
Jersey
|
USD
|
2.19 | |
AT&T INC |
Perpetual
|
United States
|
USD
|
2.14 | |
SOUTHERN CO/THE |
08/01/2022
|
United States
|
USD
|
2.12 | |
NEXTERA ENERGY INC |
09/01/2022
|
United States
|
USD
|
2.08 | |
BECTON DICKINSON AND CO |
06/01/2023
|
United States
|
USD
|
1.95 | |
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 03/31/21
-
Country
% of Net Assets -
■
United States
89.16 -
■
Luxembourg
3.32 -
■
Canada
3.12 -
■
Bermuda
2.70 -
■
United Kingdom
2.19 -
■
Other/Cash
-0.49
Currency Exposure (%)
as of 03/31/21
-
U.S. Dollar
100.49 -
Other/Cash
-0.49
Sector Weightings (%) as of 03/31/21
-
Sector
% of Net Assets -
■
Electric Utilities & IPPs
31.3 -
■
Residential & Commercial REITs
17.5 -
■
Telecommunications Services
9.4 -
■
Healthcare Equipment & Supplies
5.5 -
■
Multiline Utilities
5.3 -
■
Banking Services
4.5 -
■
Automobiles & Auto Parts
4.2 -
■
Food & Tobacco
4.1 -
■
Oil & Gas Related Equipment and Srvices
3.9 -
■
Metals & Mining
3.3 -
■
Insurance
2.8 -
■
Diversified Retail
2.1 -
■
Machinery; Equipment & Components
1.9 -
■
Professional & Commercial Services
1.5 -
■
Software & IT Services
0.8 -
■
Pharmaceuticals
0.6 -
■
Water & Related Utilities
0.5 -
■
Office Equipment
0.5 -
■
Natural Gas Utilities
0.4 -
■
Real Estate Operations
0.3 -
■
Oil & Gas
0.2 -
■
Other/Cash
-0.5
Credit Quality (%) as of 03/31/21
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 0.33 |
A | 2.21 | |
BBB | 42.17 | |
Non-Investment Grade | BB | 17.73 |
B | 3.13 | |
Total Investment Grade | -- | 44.70 |
Total Non-Investment Grade | -- | 20.85 |
Not Rated | -- | 34.93 |
Maturity (%) as of 03/31/21