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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.45

$1.52 B

8.10%

$1.41

0.41%

Vitals

YTD Return

4.8%

1 yr return

7.4%

3 Yr Avg Return

0.0%

5 Yr Avg Return

3.6%

Net Assets

$1.52 B

Holdings in Top 10

27.1%

52 WEEK LOW AND HIGH

$17.4
$15.70
$17.98

Expenses

OPERATING FEES

Expense Ratio 0.41%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.45

$1.52 B

8.10%

$1.41

0.41%

PFXF - Profile

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.97%
DIVIDENDS
  • Dividend Yield 8.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Preferred Securities ex Financials ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Jul 16, 2012
  • Shares Outstanding
    52000000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Liao

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Preferred Securities Index is comprised of U.S. exchange-listed hybrid debt, preferred stock and convertible preferred stock issued by non-financial corporations (collectively, "Preferred Securities"). Hybrid debt securities are securities that have characteristics of both equity securities and debt securities. Hybrid securities usually pay interest or dividends and, in the event of an issuer's bankruptcy or default, holders of hybrid securities typically have claims that are senior to holders of the issuer's equity securities but subordinate to holders of the issuer's debt securities.
Preferred Securities generally pay fixed or variable rate distributions to preferred shareholders and such shareholders have preference over common shareholders in the payment of distributions and in the event of a liquidation of the issuer’s assets, but
are junior to most other forms of debt, including senior and subordinated debt. Preferred Securities may be subject to redemption or call provisions and may include those issued by small- and medium-capitalization companies. As of June 30, 2023, the Preferred Securities Index included 111 U.S.-listed securities of 56 issuers. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders. The Preferred Securities Index is reconstituted and rebalanced monthly.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Preferred Securities Index by investing in a portfolio of securities that generally replicates the Preferred Securities Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Preferred Securities Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Preferred Securities Index.
The Fund is classified as a non-diversified fund under the Investment Company Act of 1940 Act and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Preferred Securities Index concentrates in an industry or group of industries. As of April 30, 2023, each of the utilities, real estate and information technology sectors represented a significant portion of the Fund.
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PFXF - Performance

Return Ranking - Trailing

Period PFXF Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% 0.6% 9.4% 83.33%
1 Yr 7.4% 7.4% 20.3% 100.00%
3 Yr 0.0%* -8.5% 6.0% 40.28%
5 Yr 3.6%* -5.2% 11.2% 10.45%
10 Yr 4.3%* 0.9% 4.8% 15.22%

* Annualized

Return Ranking - Calendar

Period PFXF Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -3.6% 14.2% 16.67%
2022 -23.6% -29.4% -9.6% 77.78%
2021 6.4% -3.4% 17.2% 8.33%
2020 1.7% -24.8% 9.0% 18.84%
2019 14.1% 6.4% 19.1% 18.46%

Total Return Ranking - Trailing

Period PFXF Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% 0.6% 9.4% 83.33%
1 Yr 7.4% 7.4% 20.3% 100.00%
3 Yr 0.0%* -8.5% 6.0% 40.28%
5 Yr 3.6%* -5.2% 11.2% 10.45%
10 Yr 4.3%* 0.9% 4.8% 15.22%

* Annualized

Total Return Ranking - Calendar

Period PFXF Return Category Return Low Category Return High Rank in Category (%)
2023 11.2% -1.9% 26.5% 12.82%
2022 -18.8% -26.0% -5.8% 70.83%
2021 11.6% -2.5% 27.4% 8.33%
2020 7.6% -19.2% 12.3% 8.70%
2019 20.5% 10.0% 32.0% 18.46%

PFXF - Holdings

Concentration Analysis

PFXF Category Low Category High PFXF % Rank
Net Assets 1.52 B 24.1 M 14.5 B 39.74%
Number of Holdings 102 44 445 88.46%
Net Assets in Top 10 428 M 8.41 M 2.04 B 30.77%
Weighting of Top 10 27.05% 11.9% 48.1% 20.51%

Top 10 Holdings

  1. Albemarle Corp 5.74%
  2. NextEra Energy Inc 3.70%
  3. ATT Inc 3.12%
  4. ATT Inc 2.69%
  5. ATT Inc 2.26%
  6. Duke Energy Corp 2.25%
  7. Southern Co/The 1.94%
  8. Energy Transfer LP 1.81%
  9. ATT Inc 1.79%
  10. Ford Motor Co 1.74%

Asset Allocation

Weighting Return Low Return High PFXF % Rank
Preferred Stocks
99.49% 0.26% 128.01% 7.69%
Cash
0.51% -0.02% 10.76% 93.59%
Stocks
0.00% 0.00% 41.20% 55.13%
Other
0.00% -5.20% 11.09% 35.90%
Convertible Bonds
0.00% 0.00% 31.65% 84.00%
Bonds
0.00% 0.00% 97.38% 80.77%

PFXF - Expenses

Operational Fees

PFXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.41% 0.05% 4.46% 94.81%
Management Fee 0.40% 0.00% 1.00% 6.41%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

PFXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PFXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PFXF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 12.00% 199.00% 55.88%

PFXF - Distributions

Dividend Yield Analysis

PFXF Category Low Category High PFXF % Rank
Dividend Yield 8.10% 0.00% 9.59% 3.85%

Dividend Distribution Analysis

PFXF Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PFXF Category Low Category High PFXF % Rank
Net Income Ratio 4.97% 0.88% 7.54% 21.62%

Capital Gain Distribution Analysis

PFXF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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PFXF - Fund Manager Analysis

Managers

Peter Liao


Start Date

Tenure

Tenure Rank

Jul 16, 2012

9.88

9.9%

Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.

Guo Hua (Jason) Jin


Start Date

Tenure

Tenure Rank

Mar 12, 2018

4.22

4.2%

Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.8 11.42