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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
  • Commencement

    07/16/2012
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    WHPSL
  • Index Rebalancing

    Monthly

 
as of 10/21/19

  • 30-Day SEC Yield1

    5.38%
  • Total Net Assets

    $724.2M
  • Number of Holdings

    123
  • Options

    Expected
  • Gross Expense Ratio2

    0.46%
  • Net Expense Ratio/TER2

    0.41%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    10/31/2019

Country Weightings (%) as of 09/30/19

  • Country

    % of Net Assets
  • United States

    93.53
  • Bermuda

    3.49
  • Canada

    2.12
  • Other/Cash

    0.86

Portfolio Composition (%)
as of 09/30/19

  • % of Net Assets
  • Stocks

    99.14
  • Bonds

    0.00
  • Other

    0.00
  • Cash

    0.86

Currency Exposure (%)
as of 09/30/19

  • U.S. Dollar

    99.14
  • Other/Cash

    0.86

Credit Quality (%) as of 09/30/19

Composite % of Net Assets
Investment Grade AA 0.43
A 1.56
BBB 42.79
Non-Investment Grade BB 19.07
B 1.15
CCC 0.24
Total Investment Grade -- 44.78
Total Non-Investment Grade -- 20.46
Not Rated -- 33.90
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 09/30/19

  • Beta vs. S&P 500 Index

    0.28
  • Correlation vs. S&P 500 Index

    0.48
  • Volatility (Standard Deviation)

    6.85
  • Sharpe Ratio

    0.56

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 09/30/19

 

Sector Weightings (%) as of 09/30/19

  • Sector

    % of Net Assets
  • Electric

    32.1
  • REITS

    23.0
  • Telecommunications

    10.8
  • Healthcare-Products

    6.5
  • Pipelines

    5.0
  • Insurance

    4.9
  • Gas

    4.4
  • Agriculture

    3.8
  • Water

    1.3
  • Internet

    1.3
  • Auto Manufacturers

    1.2
  • Chemicals

    1.2
  • Hand/Machine Tools

    1.2
  • Energy-Alternate Sources

    1.1
  • Office/Business Equip

    0.6
  • Sovereign

    0.4
  • Diversified Finan Serv

    0.4
  • Other/Cash

    0.9