Income Investing

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Alternative Income through Preferred Securities

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Related Funds

MORT
VanEck Vectors Mortgage REIT Income ETF

BIZD
VanEck Vectors BDC Income ETF

XMPT
VanEck Vectors CEF Municipal Income ETF

PFXF
VanEck Vectors Preferred Securities ex Financials ETF

Fund Description

The VanEck Vectors^® Preferred Securities ex Financials ETF (PFXF^®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Wells Fargo^® Hybrid and Preferred Securities ex Financials Index. The Index is intended to track the overall performance of U.S.-listed preferred securities excluding those with a financial sector classification, including securities 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.

Fund Ticker
PFXF
Exchange
NYSE Arca
ETF Structure
Physical
Administrator
Van Eck Associates
Custodian
State Street Bank and Trust Company
Index Ticker
WHPSL
Index Rebalancing
Monthly

as of 01/15/21

30-Day SEC Yield¹
5.28%
Total Net Assets
$824.8M
Number of Holdings
137
Options
Expected
Gross Expense Ratio²
0.44%
Net Expense Ratio/TER²
0.41%
Distribution Frequency
Monthly

Schedule a Call

Portfolio Composition (%)
as of 01/14/21

% of Net Assets
Stocks
99.82
Bonds
0.00
Other
0.00
Cash
0.18

Daily Holdings (%) as of 01/14/21 Download All Fund Holdings »

Total Holdings: 137

Holding Name	Maturity	Identifier (FIGI)	Asset Class	Notional Value	Par Value/ Contracts	% of Net Assets
Nextera Energy Inc	03/01/2023	BBG00RT8QPR8	Stock	26,651,614.17	499,749	3.23
Arcelormittal Sa	05/18/2023	BBG00TSXSNR3	Stock	23,699,699.02	401,078	2.87
Nextera Energy Inc	09/01/2023	BBG00XDHRQC5	Stock	21,425,228.41	399,799	2.59
Aptiv Plc	06/15/2023	BBG00VC9SWP0	Stock	19,336,692.66	114,942	2.34
Avantor Inc	05/15/2022	BBG00P521WX6	Stock	18,864,777.28	206,896	2.28
Pg&E Corp	08/16/2023	BBG00VQQXRW4	Stock	18,782,604.00	159,920	2.27
Nextera Energy Inc	09/01/2022	BBG00Q6B73H9	Stock	18,674,595.72	299,849	2.26
At&T Inc	Perpetual	BBG00RQ352H7	Stock	18,050,918.40	699,648	2.19
Southern Co/The	08/01/2022	BBG00PZ7FVW0	Stock	17,324,108.48	344,827	2.10
Becton Dickinson And Co	06/01/2023	BBG00TZRC9V1	Stock	16,806,536.45	299,849	2.04
Dominion Energy Inc	06/01/2022	BBG00PF4PYG0	Stock	15,488,453.75	160,919	1.88
At&T Inc	11/01/2066	BBG00J2JZLQ1	Stock	14,159,496.52	528,734	1.71
At&T Inc	Perpetual	BBG00R1V2VQ1	Stock	12,516,912.31	479,759	1.52
Qurate Retail Inc	03/15/2031	BBG00X28PK32	Stock	12,467,662.81	124,939	1.51
Dte Energy Co	11/01/2022	BBG00QQDJ2B8	Stock	12,278,810.25	259,869	1.49
Boston Scientific Corp	06/01/2023	BBG00V1JR7T2	Stock	11,352,793.12	100,574	1.38
Duke Energy Corp	Perpetual	BBG00NQ59KW0	Stock	11,238,349.89	399,799	1.36
Gfl Environmental Inc	03/15/2023	BBG00S03MDJ8	Stock	11,111,005.84	154,922	1.35
Southern Co/The	01/30/2080	BBG00R9QQ665	Stock	10,594,673.50	399,799	1.28
Qwest Corp	09/01/2056	BBG00DL95T81	Stock	10,035,846.72	390,804	1.22
At&T Inc	08/01/2067	BBG00LK7QH18	Stock	9,129,805.12	329,834	1.11
Southern Co/The	10/01/2076	BBG00DSL72S2	Stock	8,392,575.36	319,839	1.02
Sempra Energy	07/01/2079	BBG00PG22V92	Stock	8,316,206.08	302,848	1.01
Ford Motor Co	12/01/2059	BBG00R0Z68W3	Stock	8,315,814.00	319,839	1.01
Dominion Energy Inc	07/30/2076	BBG00DB5GNR0	Stock	8,306,218.83	319,839	1.01
American Electric Power Co Inc	08/15/2023	BBG00WMLKP91	Stock	8,184,805.55	169,915	0.99
Stanley Black & Decker Inc	11/15/2022	BBG00QT7YM36	Stock	8,178,354.20	74,962	0.99
Ford Motor Co	06/01/2059	BBG00P7H3R42	Stock	7,957,992.46	299,849	0.96
Ebay Inc	02/01/2056	BBG00C9XWNF9	Stock	7,748,098.16	299,849	0.94
American Electric Power Co Inc	03/15/2022	BBG00NLD46F3	Stock	7,656,526.02	160,919	0.93
Centerpoint Energy Inc	09/01/2021	BBG00M3NX4L9	Stock	7,653,896.34	195,402	0.93
Energy Transfer Operating Lp	Perpetual	BBG00NWZX811	Stock	7,573,787.52	319,839	0.92
Nextera Energy Capital Holdings Inc	03/01/2079	BBG00NJK39N6	Stock	7,572,448.10	274,862	0.92
Southern Co/The	10/15/2060	BBG00XD33QT4	Stock	7,565,190.27	299,849	0.92
International Flavors & Fragrances Inc	09/15/2021	BBG00LYL2ZK7	Stock	7,274,488.87	164,917	0.88
Annaly Capital Management Inc	Perpetual	BBG00H90PC80	Stock	7,167,589.50	287,855	0.87
Qwest Corp	06/15/2057	BBG00GGWSZ35	Stock	6,886,928.70	263,867	0.83
Cms Energy Corp	03/01/2079	BBG00N8T9ZV6	Stock	6,858,501.79	251,873	0.83
Wesco International Inc	Perpetual	BBG00VNJNY22	Stock	6,674,616.30	216,007	0.81
Enbridge Inc	04/15/2078	BBG00KJQMS92	Stock	6,469,536.63	239,879	0.78
Chs Inc	Perpetual	BBG007X1PZ37	Stock	6,028,949.44	206,896	0.73
Nextera Energy Capital Holdings Inc	06/01/2076	BBG00D0RDZG2	Stock	5,947,824.60	227,886	0.72
Public Storage	Perpetual	BBG00VC9NL24	Stock	5,927,274.88	225,887	0.72
Chs Inc	Perpetual	BBG0059HJP87	Stock	5,867,184.07	207,541	0.71
Crestwood Equity Partners Lp	Perpetual	BBG00BM3XN70	Stock	5,804,568.55	712,217	0.70
Axis Capital Holdings Ltd	Perpetual	BBG00F5D9JP4	Stock	5,688,554.30	219,890	0.69
Nisource Inc	Perpetual	BBG00MP3VQT4	Stock	5,639,179.00	199,900	0.68
Duke Energy Corp	09/15/2078	BBG00LYC4DB4	Stock	5,601,198.00	199,900	0.68
Agnc Investment Corp	Perpetual	BBG00RMRZ0W2	Stock	5,517,240.00	229,885	0.67
Chs Inc	Perpetual	BBG007386NT5	Stock	5,458,095.72	196,901	0.66
Elanco Animal Health Inc	02/01/2023	BBG00RJT28L3	Stock	5,422,487.40	109,945	0.66
United States Cellular Corp	09/01/2069	BBG00WLM44P7	Stock	5,225,386.00	199,900	0.63
Duke Energy Corp	01/15/2073	BBG003TC8K93	Stock	5,209,394.00	199,900	0.63
Monmouth Real Estate Investment Corp	Perpetual	BBG00DRGSGG3	Stock	5,092,739.80	202,898	0.62
Qvc Inc	11/26/2068	BBG00QXKGCS7	Stock	5,026,000.00	200,000	0.61
United States Cellular Corp	03/01/2070	BBG00YCZRVF0	Stock	4,983,507.00	199,900	0.60
Southern Co/The	12/01/2077	BBG00J89QHK2	Stock	4,835,980.80	179,910	0.59
Vereit Inc	Perpetual	BBG005SZ7J10	Stock	4,760,718.32	188,618	0.58
Ppl Capital Funding Inc	04/30/2073	BBG0047DXSZ9	Stock	4,704,646.50	179,910	0.57
Chs Inc	Perpetual	BBG005ZV53B7	Stock	4,676,460.60	167,916	0.57
Sce Trust Vi	Perpetual	BBG00GZXFVS8	Stock	4,574,811.45	189,905	0.55
Reinsurance Group Of America Inc	06/15/2056	BBG00D0XDNY6	Stock	4,575,311.20	159,920	0.55
Annaly Capital Management Inc	Perpetual	BBG00PH21MV7	Stock	4,454,618.98	176,911	0.54
Reinsurance Group Of America Inc	09/15/2042	BBG00395NMQ0	Stock	4,362,617.60	159,920	0.53
Entergy Arkansas Llc	09/01/2066	BBG00DKL54F2	Stock	4,225,806.04	163,918	0.51
Dte Energy Co	12/01/2077	BBG00J7B27C5	Stock	4,197,900.00	159,920	0.51
Annaly Capital Management Inc	Perpetual	BBG00JPYXQD8	Stock	4,130,633.65	169,915	0.50
Energy Transfer Operating Lp	Perpetual	BBG00LG2H4X8	Stock	3,970,973.52	177,911	0.48
Agnc Investment Corp	Perpetual	BBG00QFNHPB9	Stock	3,956,998.21	160,919	0.48
Pitney Bowes Inc	03/07/2043	BBG00465R7L5	Stock	3,928,434.80	169,915	0.48
Energy Transfer Operating Lp	Perpetual	BBG00KNNV772	Stock	3,927,435.30	179,910	0.48
Algonquin Power & Utilities Corp	07/01/2079	BBG00P5DR9F5	Stock	3,867,665.20	139,930	0.47
Digital Realty Trust Inc	Perpetual	BBG00QGJPJ13	Stock	3,704,826.66	137,931	0.45
Nustar Logistics Lp	01/15/2043	BBG003TR9690	Stock	3,701,137.00	160,919	0.45
Chs Inc	Perpetual	BBG000007527	Stock	3,638,036.28	122,658	0.44
Public Storage	Perpetual	BBG00DZDXT77	Stock	3,596,201.00	139,930	0.44
National Retail Properties Inc	Perpetual	BBG00DYHXK32	Stock	3,504,826.71	137,931	0.42
United States Cellular Corp	05/15/2060	BBG001P8FFJ2	Stock	3,496,211.67	136,731	0.42
Ps Business Parks Inc	Perpetual	BBG00QPKMNS5	Stock	3,390,004.15	129,935	0.41
New Residential Investment Corp	Perpetual	BBG00RPWYK82	Stock	3,382,517.38	160,919	0.41
Public Storage	Perpetual	BBG00Q6BMLY3	Stock	3,359,404.52	126,436	0.41
Public Storage	Perpetual	BBG00DBB5W26	Stock	3,348,424.95	129,935	0.41
Rlj Lodging Trust	Perpetual	BBG00HLJLDS5	Stock	3,340,543.50	128,730	0.40
Vornado Realty Trust	Perpetual	BBG00JF0SJ27	Stock	3,324,968.08	127,736	0.40
Agnc Investment Corp	Perpetual	BBG00HFWWNC6	Stock	3,304,247.05	129,935	0.40
Colony Capital Inc	Perpetual	BBG00GSSRRJ3	Stock	3,303,447.45	137,931	0.40
Diversified Healthcare Trust	08/01/2042	BBG0036P9V12	Stock	3,285,556.40	139,930	0.40
Algonquin Power & Utilities Corp	10/17/2078	BBG00M6W8WQ7	Stock	3,239,065.56	114,942	0.39
Public Storage	Perpetual	BBG00HBVL409	Stock	3,164,017.20	119,940	0.38
Office Properties Income Trust	05/01/2046	BBG00CXJXZG4	Stock	3,164,137.14	123,938	0.38
Public Storage	Perpetual	BBG00NHKGBC1	Stock	3,150,523.95	113,943	0.38
Sce Trust Iv	Perpetual	BBG009T03SB1	Stock	3,131,433.50	129,935	0.38
Vornado Realty Trust	Perpetual	BBG00Y92GY36	Stock	3,124,437.00	119,940	0.38
Cms Energy Corp	10/15/2078	BBG00M16MW47	Stock	3,090,773.84	111,944	0.37
Dte Energy Co	06/01/2076	BBG00CZHK3V4	Stock	3,075,261.60	119,940	0.37
Sce Trust V	Perpetual	BBG00CCPD5X2	Stock	3,058,470.00	119,940	0.37
Chimera Investment Corp	Perpetual	BBG00G2HF7Z4	Stock	3,052,173.15	129,935	0.37
Telephone And Data Systems Inc	03/15/2060	BBG001LH51M4	Stock	3,050,074.20	119,940	0.37
United States Cellular Corp	12/01/2064	BBG00BGLK4F4	Stock	3,050,074.20	119,940	0.37
Vornado Realty Trust	Perpetual	BBG00369P866	Stock	3,042,877.80	119,940	0.37
Partnerre Ltd	Perpetual	BBG00CMP2RS1	Stock	3,022,734.67	117,479	0.37
Vornado Realty Trust	Perpetual	BBG003TY1JG7	Stock	3,011,693.40	119,940	0.36
Public Storage	Perpetual	BBG00BVTTHG1	Stock	3,008,095.20	119,940	0.36
Colony Capital Inc	Perpetual	BBG00HPSFZ72	Stock	2,988,485.01	125,937	0.36
Georgia Power Co	10/01/2077	BBG00HS213T8	Stock	2,962,038.24	107,946	0.36
Dte Energy Co	12/15/2076	BBG00FFFM1V5	Stock	2,930,693.92	111,944	0.36
Public Storage	Perpetual	BBG00GSNQX11	Stock	2,915,021.76	111,944	0.35
Aspen Insurance Holdings Ltd	Perpetual	BBG004HFCDT6	Stock	2,904,746.90	109,945	0.35
Entergy Louisiana Llc	09/01/2066	BBG00DKPVV28	Stock	2,835,741.42	107,946	0.34
United States Cellular Corp	12/01/2063	BBG007NFXFG8	Stock	2,810,194.20	109,945	0.34
Renaissancere Holdings Ltd	Perpetual	BBG004LMT711	Stock	2,794,801.90	109,945	0.34
Public Storage	Perpetual	BBG00XP8MXT4	Stock	2,791,950.96	112,943	0.34
Spire Inc	Perpetual	BBG00P4W8GG8	Stock	2,770,614.00	99,950	0.34
Invesco Mortgage Capital Inc	Perpetual	BBG00HDT5DW5	Stock	2,764,355.10	114,942	0.33
Public Storage	Perpetual	BBG00QS5P1J0	Stock	2,748,613.36	103,448	0.33
Kimco Realty Corp	Perpetual	BBG00JGG7150	Stock	2,746,249.59	105,747	0.33
Alabama Power Co	Perpetual	BBG00HMSCSD7	Stock	2,741,628.50	99,950	0.33
Renaissancere Holdings Ltd	Perpetual	BBG00L4J1XW8	Stock	2,733,632.50	99,950	0.33
American Homes 4 Rent	Perpetual	BBG00CX404B7	Stock	2,730,202.86	107,446	0.33
Entergy Mississippi Llc	10/01/2066	BBG00DS53GM6	Stock	2,730,713.96	103,948	0.33
National Rural Utilities Cooperative Fi	05/15/2064	BBG00P19BR65	Stock	2,729,634.50	99,950	0.33
Colony Capital Inc	Perpetual	BBG00FQSLDQ6	Stock	2,727,573.66	114,942	0.33
Nustar Energy Lp	Perpetual	BBG00GKJY3S6	Stock	2,721,358.64	153,923	0.33
Two Harbors Investment Corp	Perpetual	BBG00H56P4S7	Stock	2,713,780.62	114,942	0.33
Two Harbors Investment Corp	Perpetual	BBG00J87QZB6	Stock	2,667,825.42	117,941	0.32
Sce Trust Iii	Perpetual	BBG00636HD75	Stock	2,666,166.25	109,945	0.32
Aspen Insurance Holdings Ltd	Perpetual	BBG00PXGMSB4	Stock	2,647,675.50	99,950	0.32
Aspen Insurance Holdings Ltd	Perpetual	BBG00DSQ3278	Stock	2,630,684.00	99,950	0.32
Tennessee Valley Authority	06/01/2028	BBG000006564	Stock	2,619,794.80	102,536	0.32
New Residential Investment Corp	Perpetual	BBG00PYN2GP1	Stock	2,558,158.95	112,943	0.31
Capstead Mortgage Corp	Perpetual	BBG004JPT7C5	Stock	2,552,043.36	103,238	0.31
Brookfield Property Reit Inc	Perpetual	BBG00LV5P5R9	Stock	2,483,757.50	99,950	0.30
Diversified Healthcare Trust	02/01/2046	BBG00C6LWHT6	Stock	2,438,780.00	99,950	0.30
Mfa Financial Inc	Perpetual	BBG00RZBL156	Stock	2,418,790.00	109,945	0.29
Chimera Investment Corp	Perpetual	BBG00LZCHCL0	Stock	2,385,606.60	103,948	0.29
Blueknight Energy Partners Lp	Perpetual	BBG00188WX94	Stock	2,109,275.00	301,325	0.26
Ngl Energy Partners Lp	Perpetual	BBG00GW2CPK3	Stock	1,734,685.47	125,793	0.21
Other/Cash	--	--	Cash	1,496,004.81	--	0.18

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†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. 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.

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