# iShares Preferred and Income Securities ETF (PFF): ETF Facts & Distributions

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- Issuer: IShares · Asset class: Equity
- Strategy: Thematic · Inception: 2007-03-26

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.

## Key Facts

| Metric | Value |
|---|---|
| Price | $28.77 |
| Expense Ratio | 0.45% |
| Assets Under Management | $11.94B |
| NAV | $28.89 |
| Holdings Count | 453 |
| Distribution Yield (TTM) | 5.67% |
| Annual Distribution (TTM) | $1.63 /share |
| Distribution Frequency | Monthly |
| 52-Week Range | $28.68 – $32.02 |
| Beta | 0.97 |

## Latest Distribution

- Amount: $0.1594 /share
- Ex-date: 2026-10-01
- Pay date: 2026-10-06

## Frequently Asked Questions

### What does PFF invest in?

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.

### What is the expense ratio of PFF?

iShares Preferred and Income Securities ETF (PFF) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

### What is PFF's dividend yield?

PFF's trailing-twelve-month yield is 5.67%, calculated from the sum of dividends over the past year divided by the current price.

### How big is PFF?

iShares Preferred and Income Securities ETF (PFF) manages $11.94B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is PFF actively managed or an index fund?

PFF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

### When was PFF launched?

iShares Preferred and Income Securities ETF (PFF) launched in March 2007 and is managed by IShares.

### Does PFF pay a dividend?

Yes, iShares Preferred and Income Securities ETF (PFF) distributes dividends to shareholders. The trailing-twelve-month yield is 5.67%. Full dividend history is on this page.

### How often does PFF pay dividends?

iShares Preferred and Income Securities ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### When is PFF's next ex-dividend date?

The most recently announced ex-dividend date for PFF was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page.

### How much will PFF's expense ratio cost me over 30 years?

On a $10,000 investment compounding at 7% gross return, a 0.45% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees.

### How does PFF charge its expense ratio?

The expense ratio is deducted in tiny daily slices from PFF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

### Why does PFF cost more than a fund like VOO?

PFF's strategy (current expense ratio 0.45%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PFF sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to PFF?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PFF (0.45%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/pff
- Distribution history: https://www.dividenddata.com/funds/pff/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/pff/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/pff/expenses
- Peer comparison: https://www.dividenddata.com/funds/pff/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.