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Preferred Securities ex Financials ETF PFXF

  • Full Name: Market Vectors®
    Preferred Securities ex Financials ETF (PFXF)

    Management Style: Replication

    Underlying Index: The Wells Fargo® Hybrid and Preferred Securities ex Financials Index (WHPSL)

    Index Description: WHPSL is a rules-based index intended to track the overall performance of publicly traded non-financial preferred securities including those 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.

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    • Fund Ticker

      PFXF
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      WHPSL
    • Index Provider

      Wells Fargo Securities, LLC
    • Total Net Assets

      $159.0M
    • Shares Outstanding

      7,800,000
    • Number of Holdings

      85
    • Commencement Date

      07/16/2012
  •  
    as of 04/22/14

  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • U.S.

      87.1
    • LUXEMBOURG

      5.9
    • BERMUDA

      4.1
    • MARSHALL ISLANDS

      1.0
    • Other

      1.9
    • Total

      100.0
  • Portfolio Composition (%)
    as of 03/31/14

    • % of Net Assets

    • Stocks

      98.07
    • Bonds

      0.00
    • Other

      0.00
    • Cash

      1.93
    • Total

      100.00
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      98.08
    • Other

      1.92
    • Total

      100.00
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade AA 1.49
    A 2.48
    BBB 46.98
    Non-Investment Grade BB 12.17
    B 2.59
    CCC 0.86
    Total Investment Grade 50.95
    Total Non-Investment Grade 15.61
    Not rated 33.44
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • 3-YR Risk Measures*
    as of 03/31/14

    • Beta vs. S&P 500 Index

    • Correlation vs. S&P 500 Index

    • Volatility (Standard Deviation)

    • Sharpe Ratio

    Source: Van Eck Global, 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

  • Industry Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • REITS

      35.9
    • Electric

      24.9
    • Telecommunications

      10.9
    • Iron/Steel

      7.5
    • Insurance

      5.2
    • Aerospace/Defense

      3.9
    • Hand/Machine Tools

      1.9
    • Agriculture

      1.9
    • Sovereign

      1.5
    • Pipelines

      1.2
    • Office/Business Equip

      1.2
    • Transportation

      1.0
    • Media

      0.7
    • Healthcare-Services

      0.4
    • Auto Parts&Equipment

      0.0
    • Other

      1.9
    • Total

      100.0