PFFD - PFXF: Excluding Financials Leads To Alpha

• The VanEck Vectors Preferred Securities ex Financials ETF holds 142 preferred issues, predominantly in the United States.
• The underlying index specifically excludes financials that are well-covered by other ETF alternatives. This "secret sauce" is the differentiating factor that delivers alpha versus competitors.
• The monthly fund yields 4.61% with a cost of 40 basis points.
• Yields are near all-time lows, so it's hard to justify how much higher this can push forward in the short term. PFXF should perform well against its peer group, however.

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