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Market Vectors Preferred Securities ex Financials ETF (PFXF)

- NYSEARCA
  • Fri, May 1, 3:33 PM
    • Market Vectors Preferred Securities Ex Financials ETF (NYSEARCA:PFXF) announces monthly distribution of $0.050.
    • 30-Day Sec yield of 7.07% (as of 4/30/2015).
    • Payable May 7; for shareholders of record May 5; ex-div May 1.
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  • Wed, Apr. 1, 2:06 PM
    • Market Vectors Preferred Securities Ex Financials ETF (NYSEARCA:PFXF) announces monthly distribution of $0.150.
    • 30-Day Sec yield of 5.88% (as of 3/31/2015).
    • Payable Apr 8; for shareholders of record Apr 6; ex-div Apr 1.
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  • Mon, Mar. 2, 1:59 PM
    • Market Vectors Preferred Securities Ex Financials ETF  (NYSEARCA:PFXF) announces monthly distribution of $0.060.
    • 30-Day Sec yield of 5.72% (as of 2/27/2015).
    • Payable Mar 6; for shareholders of record Mar 4; ex-div Mar 2.
    | Comment!
  • Mon, Feb. 2, 2:49 PM
    • Market Vectors Preferred Securities Ex Financials ETF  (NYSEARCA:PFXF) announces monthly distribution of $0.055.
    • 30-Day Sec yield of 5.85% (as of 1/30/2015).
    • Payable Feb 6; for shareholders of record Feb 4; ex-div Feb 2.
    | Comment!
  • Dec. 29, 2014, 4:47 PM
    • Preferred Securities Ex Financials ETF (NYSEARCA:PFXF) announces monthly distribution of $0.165.
    • 30-Day Sec yield of 5.89% (as of 12/26/2014).
    • Payable Jan 5; for shareholders of record Dec 31; ex-Div. Dec 29.
    | 1 Comment
  • May 1, 2014, 10:50 AM
    • The PowerShares Variable Rate Preferred Portfolio (VRP) will track the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index to gain exposure to capital weighted pool of preferred stocks and qualifying hybrid securities.
    • The db X-trackers Solactive Investment Grade Subordinated Debt Fund (SUBD) will tack the investment-grade subordinated corporate bond market denominated in U.S. dollars; this will be the first U.S. listed ETF to focus on subordinated securities.
    • Subordinated loans rank below senior corporate bonds but this risk could potential lead to a higher yield than existing corporate debt funds.
    • Other preferred share ETFs: PFF, PGX, PSK, PFXF, SPFF, FPE
     
     
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  • Apr. 21, 2014, 1:40 PM
    • The PowerShares Variable Rate Preferred Portfolio (VRP) will track the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index to gain exposure to capital weighted pool of preferred stocks and qualifying hybrid securities.
    • Lorraine Wang, Invesco PowerShares Global Head of ETF products and research, said in the statement earlier: “We believe VRP offers investors the potential for high current income and lower interest-rate sensitivity than traditional fixed-rate preferred securities. Dividends from variable-rate preferred securities also receive preferential tax rates compared to interest income, which makes them particularly attractive for top tax bracket investors.”
    • This would be the third preferred stock focused ETF for Invesco, with the Preferred Portfolio (PGX) and Financial Preferred Portfolio (PGF) returning 5 and 6% respectively since the start of 2014.
    • Other preferred share ETFs: PFF, CWB, PSK, PFXF, SPFF, IPFF, CNPF, FPE
    | 1 Comment
  • Feb. 13, 2013, 7:14 PM
    First Trust's new actively managed Preferred Securities and Income ETF FPE began trading Tuesday. FPE tries to generate income through holding preferred securities and income-producing debt securities, such as corporate bonds, high-yield securities and convertibles. This gives investors yield-generating options as an alternative route to the low interest rates in Treasury bonds. FPE comes with a high expense ratio of 0.85% compared to PFF (0.48%), PFXF (0.40%), SPFF (0.58%), PSK (0.45%), PGX (0.50%) and IPFF (0.55%). (PR)
    | 1 Comment
  • Aug. 6, 2012, 5:08 PM
    Huntington Bancshares (HBAN) announces the redemption of $114M of trust preferred securities, the latest in a series of banks doing same as they can no longer be counted as capital. The moves have left preferred stock investors scrambling to replace the fat (and safe) yielders, pushing up the prices on what's left in the preferred arena. Preferred stocks (PFF) have smoked the Dow YTD even before dividends.
    | 2 Comments
  • Jul. 18, 2012, 11:07 AM
    Preferred stock ETF investors frustrated by most funds' heavy exposure to financials have an alternative in Van Eck's just-launched PFXF. The fund attempts to mirror the performance of the Wells Fargo Hybrid and Preferred Securities ex-Financials Index.
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PFXF Description
The Market Vectors® Preferred Securities ex Financials ETF (PFXF) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Wells Fargo® Hybrid and Preferred Securities ex Financials Index, a rules-based index intended to track the overall performance of publicly traded non-financial preferred securities including those that, in Wells Fargo Securities, LLC’s judgment, are functionally equivalent to preferred securities such as convertible securities, depository preferred securities and perpetual subordinated debt.
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