PFFV invests in a broad basket of variable rate preferred stock in the U.S., an asset class that has historically offered high yield potential.
PFFV’s expense ratio is half the competitor average.1
Variable rate preferreds may offer lower duration profiles than fixed rate preferred issuances.
1Expense ratio was 50.0% lower than the competitor average net expense ratio as of 7/1/25, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred Floating Rate”)
Key Information |
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
NAV | $23.08 | Daily Change | -$0.01 | -0.04% |
Market Price | $23.09 | Daily Change | -$0.01 | -0.04% |
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
As of recent month & quarter-end (Jun 30 2025) | Fund NAV | Market Price | Index |
---|---|---|---|
1 Year | 3.58% | 3.81% | 3.91% |
3 Years | 5.32% | 5.27% | 5.53% |
5 Years | 5.06% | 5.02% | 5.30% |
Since Inception | 4.60% | 4.68% | 4.84% |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
4.52 | MS | MS 5.27916 PERP | B1802M4 | 21.86 | 647,768 | 14,160,208.48 |
3.57 | RGA | RGA 7 1/8 10/15/52 | BMG9SY4 | 25.72 | 434,928 | 11,186,348.16 |
3.18 | APO | APO 7 5/8 09/15/53 | BQC5ZW1 | 26.52 | 375,340 | 9,954,016.80 |
2.82 | USB | USB 5.17916 PERP | B125QN4 | 20.54 | 430,010 | 8,832,405.40 |
2.82 | MET | MET 5.58008 PERP | B0B87W3 | 23.67 | 373,051 | 8,830,117.17 |
2.82 | JXN | JXN 8 PERP | BMW6VL7 | 25.85 | 341,122 | 8,818,003.70 |
2.62 | GS | GS 5.23187 PERP | B15CKS5 | 21.16 | 388,093 | 8,212,047.88 |
2.61 | SYF | SYF 8 1/4 PERP | BSNWT01 | 26.00 | 314,729 | 8,182,954.00 |
2.56 | ALL | ALL 7.73452 01/15/53 | B87XV26 | 25.77 | 311,000 | 8,014,470.00 |
2.55 | BANC | BANC 7 3/4 PERP | BMWDYS6 | 24.94 | 320,650 | 7,997,011.00 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
1The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the "19a Notice" here. These do not imply rates for any future distributions.
2The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the "19a Notice" here. These do not imply rates for any future distributions.