PFXFVanEck 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