VanEck Preferred Securities ex Financials ETF
PFXF
Market cap $1.9B

17.82 USD

-0.11

0.61%

At close Aug 25, 4:00 PM EDT

After hours

17.85

+0.03

0.17%

1 day

-0.61%

5 days

0.00%

1 month

1.83%

3 months

6.07%

6 months

2.06%

Year to date

2.59%

1 year

0.39%

5 years

-8.24%

10 years

-8.66%

0

Funds holding %

of 7,428 funds

–

Analysts bullish %

Fund manager confidence

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

8% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 59

1.98% less ownership

Funds ownership: 27.99% [Q1] → 26.01% (-1.98%) [Q2]

3% less funds holding

Funds holding: 187 [Q1] → 182 (-5) [Q2]

10% less capital invested

Capital invested by funds: $518M [Q1] → $466M (-$51.4M) [Q2]

13% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 24

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for PFXF.

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Financial journalist opinion

PFXF's Portfolio Breakdown

VanEck Preferred Securities ex Financials ETF offers a diversified portfolio, with $1.89B in assets and a low 0.4% management fee. The fund's core holdings are baby bonds, mandatory convertibles, and fixed-rate preferreds, most trading below par with 6.8%-7.1% yields. Floating and fixed-to-floating rate securities provide higher yields but come with increased risk, making them suitable for risk-tolerant investors.

PFXF's Portfolio Breakdown

PFXF's Complete Portfolio Review

PFXF offers diversified exposure to preferred securities, with a 6.77% distribution yield and a 0.40% management fee. The portfolio is well-diversified across baby bonds, mandatory convertibles, fixed-rate, and resettable preferred stocks, emphasizing yield and credit quality. PFXF provides attractive yields across its segments, making it a compelling option for income-focused investors seeking preferreds outside the financial sector.

PFXF's Complete Portfolio Review

PFXF: Under The Radar Beneficiary Of U.S. Cost Cutting

The VanEck Preferred Securities ex Financials ETF has 64.7% of its portfolio allocated to long-duration preferred securities. The new U.S. administration is focused on cutting the budget deficit to around 3.00-3.50% of GDP, allowing for a stabilization in the debt/GDP ratio. Together with future Fed rate cuts, this should allow risk-free interest rates to decline.

PFXF: Under The Radar Beneficiary Of U.S. Cost Cutting

My Near-Perfect Retirement Dividend Portfolio

Low-volatility, dividend growth stocks offer long-term outperformance and a favorable risk profile, despite lower yields during bull markets. Dividend growth portfolios can significantly increase yields over time, making them a strong choice for retirement-focused investors. The 4% rule remains a valid strategy for retirement, but adjustments may be needed due to increasing life expectancies.

My Near-Perfect Retirement Dividend Portfolio

5 of the Best Preferred Stock ETFs for High and Stable Dividends

The best preferred stock ETFs allow you to reduce your risk by investing in baskets of preferred stocks.

5 of the Best Preferred Stock ETFs for High and Stable Dividends

Positioning Ahead of the Fed: ETFs for a Lower Rate Era

The first cut is the deepest — so they say. As with all complicated relationships, this mantra may certainly ring true for the Federal Reserve and the markets — at least from a psychological standpoint.

Positioning Ahead of the Fed: ETFs for a Lower Rate Era

PFXF: Preferred Stocks ETF Beating Peers, Yet Unattractive

VanEck Preferred Securities ex Financials ETF is invested in US-traded preferred stocks of non-financial companies. PFXF is quite concentrated in its top issuers, and about two-thirds of its assets are below investment grade. PFXF has outperformed its most popular competitors and a high-yield bond index since 2013.

PFXF: Preferred Stocks ETF Beating Peers, Yet Unattractive

Assessing Leveraged PFFA Vs. Other Preferred Share Funds I Own

Despite relative outperformance in recent years, I cannot justify an allocation to PFFA.

Assessing Leveraged PFFA Vs. Other Preferred Share Funds I Own

PFXF: A Strong Buy When You Love Preferred Yields Of 7%, But Don't Want Bank Risks

VanEck Preferred Securities ex Financials ETF primarily invests in preferred securities with high yields, avoiding financial stocks. The ETF has $1.69 billion in assets, low expense ratio of 0.41%, and 30-day SEC yield of 6.76%. Exclusion of financial stocks could lead to potential capital gains and high yields over the next few years.

Preferreds Weekly Review: Bond Interest Deferral Worries Investors

We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching.

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