
The iShares Preferred and Income Securities ETF is designed to replicate the investment outcomes of a benchmark, which is made up of preferred shares and hybrid securities priced exclusively in U.S. dollars.
Is PFF's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Investors who bought the iShares Preferred & Income Securities ETF (NASDAQ:PFF) did so for one reason: steady monthly income from a diversified pool of preferred stocks, without picking individual issues.

Preferred shares can offer enticing high-single-digit yields, but they can create a misleading sense of safety. I detail some of the biggest potential traps that retirees often fall into. I also share some of my top preferred picks of the moment.

Bessemer Group Inc. grew its position in iShares Preferred and Income Securities ETF (NASDAQ: PFF) by 32.1% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,563 shares of the company's stock after purchasing an additional 32,230 shares during the quarter.

Preferred stock ETFs sit in an awkward corner of the income market: too rate-sensitive to feel like true fixed income, too subordinated to trade like common equity.

The iShares Preferred and Income Securities ETF (PFF) remains the largest preferred stock ETF on the market, managing approximately $13.17 billion in assets under management.