Key stats
About VanEck Preferred Securities ex Financials ETF
Expense ratio
0.41%
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Inception date
Jul 16, 2012
PFXFs proprietary methodology purposefully excludes the dominant financial sector to deliver a truly alternate exposure to US hybrid debt, preferred stocks, and convertible preferred stocks. Qualifying securities must be exchange listed and have either NASDAQ or NYSE as their primary exchange to be included in the index. No limitations were set with the selection process regarding credit rating and maturity. Constituents are market-cap-weighted and the index is rebalanced on the final trading day of each month. Prior to June 1, 2021, the fund tracked the Wells Fargo Hybrid and Preferred Securities ex Financials Index.
Classification
What's in the fund
Exposure type
Finance
Utilities
Communications
Stocks94.46%
Finance34.16%
Utilities15.93%
Communications15.71%
Commercial Services6.86%
Process Industries5.51%
Consumer Durables4.74%
Industrial Services4.34%
Producer Manufacturing2.28%
Consumer Services1.93%
Distribution Services1.29%
Transportation0.65%
Retail Trade0.55%
Government0.51%
Bonds, Cash & Other5.54%
UNIT5.54%
Cash0.00%