PFXF

VanEck Preferred Securities ex Financials ETF

$17.54
+0.00%
Market closed. Last update: 12:29 PM ET

📎 Investment Objective

The VanEck Preferred Securities ex Financials ETF (PFXF) seeks to track the performance of the ICE BofA US Diversified Preferred Securities ex-Financial Index, which is designed to measure the performance of a subset of the U.S. preferred securities market excluding the financial sector.

Overview

ETF tracking VanEck Preferred Securities ex Financials ETF

Category Preferred
Issuer VanEck
Inception Date 2012-07-17
Market Cap $1.9B
Average Volume N/A
Dividend Yield 5.22%
52-Week Range $15.52 - $18.09
VWAP $17.50

Performance

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Price Chart

PFXF chart by TradingView

Investment Summary

📎 Investment Objective

The VanEck Preferred Securities ex Financials ETF (PFXF) seeks to track the performance of the ICE BofA US Diversified Preferred Securities ex-Financial Index, which is designed to measure the performance of a subset of the U.S. preferred securities market excluding the financial sector.

🎯 Investment Strategy

The ETF invests primarily in preferred securities, excluding those issued by financial companies. It seeks to replicate the index by holding the same securities in the same proportions.

✨ Key Features

  • Exposure to the preferred securities market, excluding the financial sector
  • Low expense ratio of 0.00%
  • Diversified portfolio of preferred stocks across various industries
  • Potential for income generation through preferred stock dividends

⚠️ Primary Risks

  • Interest rate risk: Preferred securities are sensitive to changes in interest rates, which can affect their prices
  • Sector concentration risk: The fund's exclusion of the financial sector may lead to higher volatility compared to a broader preferred securities index
  • Liquidity risk: Preferred securities may have lower trading volumes, which can impact the fund's ability to buy or sell positions
  • Credit risk: The creditworthiness of the issuers of the preferred securities held by the fund can affect the fund's performance

👤 Best For

This ETF may be suitable for investors seeking exposure to the preferred securities market, excluding the financial sector, as part of a diversified portfolio. It may be particularly appealing to investors looking for a low-cost, passively managed preferred securities fund with a focus on non-financial issuers.

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