Loading…
Loading…
PFXF is a hybrid capital security, not common stock.
This listing is a capital note, preference share, or similar instrument associated with VanEck Preferred Securities ex Financials ETF. Data providers report company-level figures against it, so fundamentals, valuation multiples, and dividend history on this page describe the issuing company — not this instrument — and its market capitalization cannot be computed reliably, so it is not shown. The quoted price is the instrument's own.
See exactly how PFXF's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for PFXF and 80,000+ other tickers.
The VanEck Preferred Securities ex Financials ETF (PFXF) strives to closely match the price and total return, prior to expenses, of the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index (PFAN4PM). This underlying index is structured to capture the overall performance of U.S. exchange-listed hybrid debt, preferred equities, and convertible preferred equities issued by non-financial entities.
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.
The VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) has quietly become one of the better-performing income vehicles of the past year, returning 21% over the trailing 12 months and 8% year to date through May 7.
More than 50% of PFXF's assets are Mandatorily Convertible. They are effectively a bet on the common shares of the issuer without full upside. Many now trade at a substantial premium, and downside protection is limited at these levels. Income investors should be aware that dividends of the underlying assets are PIKable.
VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) has drawn income investors with its monthly distributions and a structure that deliberately sidesteps the banking sector.
If you're looking for monthly dividends with high yields, there are more ways to derive that income without chasing significant risk.