PFXF
VanEck Preferred Securities ex Financials ETF
PFXF
VanEck Preferred Securities ex Financials ETF
PFXF
VanEck Preferred Securities ex Financials ETF
PFXF
VanEck Preferred Securities ex Financials ETF
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NAV$17.99
as of November 22, 2024 -
YTD RETURNS10.62%
as of November 22, 2024 -
Total Net Assets$1.97B
as of November 22, 2024 -
Total Expense Ratio0.40%
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Inception Date07/16/2012
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30-Day SEC Yield6.50%
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.
Overview
Fund Highlights
- High Income Potential
Historically, a company's preferred securities have offered higher yield than its common stock and senior debt
- Differentiated Exposure
Index excludes financial companies, which dominate broad-based indices, resulting in greater diversification without sacrificing yield
- Low Expense Ratio
PFXF's net expense ratio is 63% less than the mutual fund and ETF category average†
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