Key stats
About AAM Low Duration Preferred and Income Securities ETF
Expense ratio
0.46%
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Inception date
Nov 19, 2019
PFLD is the first to offer a passively managed fund that follows an index of USD denominated preferred and hybrid securities primarily listed on NYSE or NASDAQ with an option-adjusted duration of less than 5 years. The index is composed of securities of different categories such as floating, fixed rate, convertible preferreds, preferred REITs or hybrid REITs, and ADRs. Eligible securities must meet a minimum $100 million face amount outstanding, liquidity, trading volume, priced no more than 105% of its face value and at least 18 months to final maturity. The Index may include securities of any credit quality and is market-value weighted with 4.75% maximum allocation per issuer. The Index is rebalanced monthly.
Classification
What's in the fund
Exposure type
Finance
Stocks98.72%
Finance77.79%
Utilities7.44%
Industrial Services3.14%
Consumer Durables2.49%
Commercial Services1.64%
Communications1.26%
Producer Manufacturing1.07%
Electronic Technology1.02%
Consumer Services0.96%
Transportation0.66%
Government0.65%
Retail Trade0.38%
Technology Services0.23%
Bonds, Cash & Other1.28%
Mutual fund1.03%
Cash0.25%