AAM Low Duration Preferred and Income Securities ETF

PFLD

Market cap $488M

Overview Fund Activity

19.80 USD

-0.02

0.1%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.1%

5 days

0.41%

1 month

0.46%

3 months

0.61%

6 months

-3.93%

Year to date

-4.3%

1 year

-7.17%

5 years

-18.25%

10 years

-20.8%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

20% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 20

2% more funds holding

Funds holding: 62 [Q1] → 63 (+1) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0.96% less ownership

Funds ownership: 56.61% [Q1] → 55.64% (-0.96%) [Q2]

5% less capital invested

Capital invested by funds: $291M [Q1] → $277M (-$13.5M) [Q2]

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Financial journalist opinion

PFLD's Portfolio Breakdown: Exposure To Varied Interest Rate Scenarios

AAM Low Duration Preferred and Income Securities ETF offers a 7.36% dividend yield, balancing income with moderate risk through a diversified portfolio of preferred securities and baby bonds. The PFLD fund's holdings include fixed-rate, fixed-to-floating, resettable preferreds, and baby bonds, providing exposure to varied interest rate scenarios. With a 0.45% expense ratio, PFLD is suitable for investors seeking steady income and moderate risk in a changing rate environment.

PFLD's Portfolio Breakdown: Exposure To Varied Interest Rate Scenarios

PFLD's Portfolio Breakdown: Resilient In Rising Interest Rate Environments

AAM Low Duration Preferred and Income Securities ETF offers a diversified portfolio of preferred and hybrid securities, focusing on low duration and stable income generation. With a 7.42% dividend yield and 0.45% expense ratio, PFLD provides attractive income for investors seeking alternatives to traditional bonds. About 50% of holdings have floating or resettable rates, making the fund resilient in rising interest rate environments and limiting duration risk.

PFLD's Portfolio Breakdown: Resilient In Rising Interest Rate Environments

Debunking Preferred Stock ETFs Part 6. PFLD's Portfolio Breakdown

PFLD ETF tracks the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index, focusing on preferred stocks with $500M in assets and a 0.45% expense ratio. The fund's portfolio includes 17% bonds and 83% preferred stocks, with detailed breakdowns of their yields, call dates, and trading statuses. Preferred stocks are categorized into cumulative, non-cumulative, floating, and resettable rates, with specific yield metrics and maturity dates provided for each type.

Debunking Preferred Stock ETFs Part 6. PFLD's Portfolio Breakdown

AAM Low Duration Preferred & Income Securities ETF Eclipses $500 Million AUM Milestone

MONUMENT, Colo. , Feb. 19, 2025 /PRNewswire/ -- Advisors Asset Management (AAM), a leading investment solutions provider, announced today that its AAM Low Duration Preferred & Income Securities ETF (NYSE: PFLD) has surpassed $500 million in assets under management (AUM).

AAM Low Duration Preferred & Income Securities ETF Eclipses $500 Million AUM Milestone

PFLD: With Spreads Tight, This Preferred Equity ETF Is No Longer Attractive (Rating Downgrade)

While PFLD has delivered positive returns since the previous "Buy" rating, primarily driven by its dividend yield, the current market conditions warrant a more cautious approach. PFLD markets itself as having a low duration portfolio (1.28 years), making it less sensitive to interest rate changes. However, the analysis argues that this claim is debatable. When compared to the iShares Preferred and Income Securities ETF, PFLD's performance is highly correlated, suggesting that its actual duration is likely longer than advertised.

PFLD: With Spreads Tight, This Preferred Equity ETF Is No Longer Attractive (Rating Downgrade)

PFLD: Hybrid Assets ETF With Low Rate Sensitivity, But Underwhelming Record

AAM Low Duration Preferred and Income Securities ETF holds 209 US-listed hybrid securities with lower sensitivity to interest rate changes. The PFLD ETF is diversified but heavily concentrated in the financial sector, with significant exposure to banks. PFLD has suffered a significant decay in price since its inception, amplified by inflation.

PFLD: Hybrid Assets ETF With Low Rate Sensitivity, But Underwhelming Record

PFLD: Reduces Interest Rate Risk For Preferreds In An ETF Wrapper

AAM's Low Duration Preferred ETF offers monthly income, diversification, potential tax advantages, and lower interest rate risk compared to common shares. With a 6.54% 30 day SEC yield and 0.46% expense ratio, this ETF is recommended for investors seeking steady income and reduced risk. Preferred shares in PFLD provide fixed dividends, equity status, and higher priority in dividend payments than common shares, with lower default and call risks due to screening process.

PFLD: Reduces Interest Rate Risk For Preferreds In An ETF Wrapper

PFLD: Good If Still Nervous About Rates

AAM Low Duration Preferred and Income Securities ETF offers stable returns and low duration for investors seeking income streams with minimal rate risk. PFLD is the first ETF of its kind, targeting short-duration preferred securities with a duration of less than 5 years. The PFLD fund is heavily diversified and has a high concentration in the banking and financial services sectors, offering attractive relative yield.

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