# PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prfd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PIMCO · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2023-01-18 PIMCO ETF Trust - PIMCO Preferred and Capital Securities Active Exchange-Traded Fund is an exchange traded fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of global region. The fund primarily invests in preferred securities and capital securities issued by U.S. and non-U.S. financial institutions including banks and insurance companies. It employs fundamental analysis with bottom-up security picking approach to create its portfolio. PIMCO ETF Trust - PIMCO Preferred and Capital Securities Active Exchange-Traded Fund was formed... ## Key Facts | Metric | Value | |---|---| | Price | $49.25 | | Expense Ratio | 0.88% | | Assets Under Management | $234.0M | | NAV | $49.14 | | Holdings Count | 221 | | Distribution Yield (TTM) | 6.05% | | Annual Distribution (TTM) | $2.98 /share | | Distribution Frequency | Monthly | | 52-Week Range | $48.24 – $52.60 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.2500 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-05 ## Frequently Asked Questions ### What does PRFD invest in? PIMCO ETF Trust - PIMCO Preferred and Capital Securities Active Exchange-Traded Fund is an exchange traded fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of global region. The fund primarily invests in preferred securities and capital securities issued by U.S. and non-U.S. financial institutions including banks and insurance companies. It employs fundamental analysis with bottom-up security picking approach to create its portfolio. PIMCO ETF Trust - PIMCO Preferred and Capital Securities Active Exchange-Traded Fund was formed on January 18, 2023 and is domiciled in the United States. ### What is the expense ratio of PRFD? PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) charges an expense ratio of 0.88%. This is the annual fee deducted from fund assets to cover management and operations. ### What is PRFD's dividend yield? PRFD's trailing-twelve-month yield is 6.05%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of PRFD? Effective duration measures PRFD's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PRFD's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of PRFD? PRFD's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of PRFD? Yield to maturity (YTM) is the total return you'd earn from PRFD if every bond in the portfolio is held to maturity at the current price. PRFD's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does PRFD pay a dividend? Yes, PIMCO Preferred And Capital Securities Active Exchange-Traded Fund (PRFD) distributes dividends to shareholders. The trailing-twelve-month yield is 6.05%. Full dividend history is on this page. ### How often does PRFD pay dividends? PIMCO Preferred And Capital Securities Active Exchange-Traded Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PRFD's next ex-dividend date? The most recently announced ex-dividend date for PRFD 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 PRFD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.88% 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 PRFD charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRFD'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 PRFD cost more than a fund like VOO? PRFD is actively managed (current expense ratio 0.88%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRFD's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRFD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PRFD (0.88%) 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/prfd - Distribution history: https://www.dividenddata.com/funds/prfd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prfd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prfd/expenses - Peer comparison: https://www.dividenddata.com/funds/prfd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.