VanEck Preferred Securities ex Financials ETF
PFXF
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index (PFAN4PM). The fund provides exposure to U.S. exchange-listed hybrid debt, preferred stock, and convertible preferred stock issued by non-financial corporations, excluding traditional financial companies to enhance diversification; its portfolio includes securities from issuers such as Boeing Co, Strategy Inc, Albemarle Corp, NextEra Energy Inc, and utilities like Southern Co and Duke Energy, with significant weightings in sectors including real estate, communications, and industrials. Launched on July 16, 2012, and domiciled in the United States, PFXF is managed by VanEck, a global investment management firm headquartered in New York City that offers a broad range of ETFs, mutual funds, and institutional accounts with approximately $116.6 billion in assets as of April 2025. The ETF maintains a total expense ratio of 0.40%, monthly distributions yielding around 6.54% (30-day SEC yield as of December 2025), and total net assets of $2.03 billion, primarily in USD-denominated holdings with 97% U.S. country exposure, supplemented by minor allocations to Canada and Bermuda. Geographic operations focus on U.S.-listed securities available for sale in the United States and Mexico, targeting income-seeking investors interested in preferred securities offering yields competitive with high-yield bonds but with reduced financial sector concentration. In recent developments, the underlying index transitioned from the Wells Fargo Hybrid and Preferred Securities ex Financials Index to the ICE PFAN4PM on June 1, 2021, linking historical performance data; portfolio managers include Peter Liao (since inception) and Griffin Driscoll (since August 31, 2023). VanEck, as sponsor, continues to expand its ETF lineup, including launches like the Solana ETF (VSOL) and GPZ ETF focused on alternative asset managers in 2025, while announcing closures of underperforming funds such as RNEW and SMI in June 2025 based on performance and liquidity evaluations. PFXF remains active with stable operations, recent holdings updates reflecting top positions in non-financial preferreds amid market volatility in utilities and REITs.