- 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.
For further details see:
PFXF: Excluding Financials Leads To Alpha