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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

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    PFAN

  • Index Rebalancing

    Monthly

 
as of 09/24/21

  • 30-Day SEC Yield1

    4.92%

  • Total Net Assets

    $1.0B

  • Number of Holdings

    126

  • Options

    Expected

  • Gross Expense Ratio2

    0.40%

  • Net Expense Ratio/TER2

    0.40%

  • Distribution Frequency

    Monthly
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Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • ■

    United States

    86.12
  • ■

    Canada

    4.45
  • ■

    United Kingdom

    3.43
  • ■

    Luxembourg

    3.25
  • ■

    Other/Cash

    2.75

Portfolio Composition (%)
as of 08/31/21

  • % of Net Assets

  • Stocks

    97.25

  • Bonds

    0.00

  • Other

    0.00

  • Cash

    2.75

Currency Exposure (%)
as of 08/31/21

  • U.S. Dollar

    97.25

  • Other/Cash

    2.75

Credit Quality (%) as of 08/31/21

Composite % of Net Assets
Investment Grade AAA 0.15
A 1.93
BBB 29.65
Non-Investment Grade BB 19.70
B 3.30
Total Investment Grade -- 31.73
Total Non-Investment Grade -- 23.00
Not Rated -- 42.52
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.

3-YR Risk Measures*
as of 08/31/21

  • Beta vs. S&P 500 Index

    0.63

  • Correlation vs. S&P 500 Index

    0.81

  • Volatility (Standard Deviation)

    14.30

  • Sharpe Ratio

    0.52

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 08/31/21

 

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • ■

    Electric Utilities & IPPs

    26.8
  • ■

    Residential & Commercial REITs

    15.1
  • ■

    Telecommunications Services

    8.3
  • ■

    Healthcare Equipment & Supplies

    8.1
  • ■

    Semiconductors & Semiconductor Equipmnt

    6.5
  • ■

    Multiline Utilities

    5.9
  • ■

    Automobiles & Auto Parts

    3.8
  • ■

    Food & Tobacco

    3.6
  • ■

    Metals & Mining

    3.2
  • ■

    Banking Services

    2.8
  • ■

    Professional & Commercial Services

    2.6
  • ■

    Diversified Retail

    1.9
  • ■

    Machinery; Equipment & Components

    1.6
  • ■

    Oil & Gas Related Equipment and Srvices

    1.5
  • ■

    Hotels & Entertainment Services

    0.7
  • ■

    Natural Gas Utilities

    0.7
  • ■

    Water & Related Utilities

    0.6
  • ■

    Pharmaceuticals

    0.6
  • ■

    Software & IT Services

    0.5
  • ■

    Office Equipment

    0.4
  • ■

    Consumer Goods Conglomerates

    0.3
  • ■

    Oil & Gas

    0.1
  • ■

    Other/Cash

    4.5