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PFXF
VanEck Preferred Securities ex Financials ETF

Fund Description

The VanEck Preferred Securities ex Financials ETF (PFXF®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index (PFAN), which is intended to track the overall performance of U.S. exchange-listed hybrid debt, preferred stock and convertible preferred stock issued by non-financial corporations.

 
 

  • Fund Ticker

    PFXF
  • Exchange

    NYSE Arca
  • Inception Date

    07/16/2012
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    PFAN
  • Index Rebalancing

    Monthly

 
as of 08/11/22

  • 30-Day SEC Yield1

    5.68%
  • Total Net Assets

    $1.1B
  • Number of Holdings

    126
  • Options

    No
  • Gross Expense Ratio2

    0.40%
  • Net Expense Ratio/TER2

    0.40%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    08/31/2022

Country Weightings (%) as of 07/31/22

  • Country

    % of Net Assets
  • United States

    88.51
  • Canada

    4.75
  • United Kingdom

    2.86
  • Luxembourg

    1.83
  • Bermuda

    1.03
  • Other/Cash

    1.02

Portfolio Composition (%)
as of 07/31/22

  • % of Net Assets
  • Stocks

    98.98
  • Bonds

    0.00
  • Other

    0.00
  • Cash

    1.02

Currency Exposure (%)
as of 07/31/22

  • U.S. Dollar

    98.98
  • Other/Cash

    1.02

Credit Quality (%) as of 07/31/22

Composite % of Net Assets
Investment Grade AA 0.30
A 2.36
BBB 31.19
Non-Investment Grade BB 21.29
B 3.36
Total Investment Grade -- 33.86
Total Non-Investment Grade -- 24.66
Not Rated -- 41.49

3-YR Risk Measures*
as of 07/31/22

  • Beta vs. S&P 500 Index

    --
  • Correlation vs. S&P 500 Index

    --
  • Volatility (Standard Deviation)

    --
  • Sharpe Ratio

    --

Source: VanEck, FactSet.

Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

Maturity (%) as of 07/31/22

Average Portfolio Maturity: -- Years

Sector Weightings (%) as of 07/31/22

  • Sector

    % of Net Assets
  • Electric Utilities & IPPs

    26.4
  • Residential & Commercial REITs

    16.2
  • Telecommunications Services

    10.9
  • Semiconductors & Semiconductor Equipmnt

    8.5
  • Healthcare Equipment & Supplies

    6.6
  • Multiline Utilities

    6.3
  • Automobiles & Auto Parts

    3.8
  • Oil & Gas Related Equipment and Srvices

    3.7
  • Professional & Commercial Services

    3.2
  • Food & Tobacco

    3.2
  • Machinery; Equipment & Components

    2.1
  • Metals & Mining

    1.8
  • Diversified Retail

    1.4
  • Natural Gas Utilities

    0.9
  • Real Estate Operations

    0.7
  • Investment Banking & Investment Srvices

    0.7
  • Hotels & Entertainment Services

    0.5
  • Office Equipment

    0.5
  • Pharmaceuticals

    0.5
  • Software & IT Services

    0.4
  • Collective Investments

    0.3
  • Consumer Goods Conglomerates

    0.3
  • Oil & Gas

    0.2
  • Other/Cash

    1.0