PFLD: AAM Low Duration Preferred and Income Securities ETF - MutualFunds.com
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AAM Low Duration Pref & Inc Secs ETF

PFLD - Snapshot

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $10.6 M
  • Holdings in Top 10 27.0%

52 WEEK LOW AND HIGH

$25.16
$16.90
$25.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 202.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Preferred Stock

Compare PFLD to Popular Preferred Stock Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$38.28

-0.26%

$19.45 B

4.81%

$1.85

-0.86%

0.46%

$14.41

-0.07%

$11.26 B

5.17%

$0.75

0.00%

0.85%

$10.49

0.00%

$8.05 B

4.76%

$0.50

0.19%

0.81%

$14.99

-0.27%

$7.07 B

4.96%

$0.75

-1.90%

0.50%

$20.19

-0.25%

$5.91 B

4.87%

$0.99

0.10%

0.85%

PFLD - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.15%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AAM Low Duration Preferred and Income Securities ETF
  • Fund Family Name
    AAM
  • Inception Date
    Nov 19, 2019
  • Shares Outstanding
    425000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rafael Zayas

Fund Description

The index measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange ("NYSE") or NASDAQ Capital Market ("NASDAQ") with an option-adjusted duration of less than 5 years. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index.


PFLD - Performance

Return Ranking - Trailing

Period PFLD Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -1.9% 1.9% 78.75%
1 Yr 5.2% -19.2% 9.4% 61.25%
3 Yr N/A* -4.2% 8.5% N/A
5 Yr N/A* 0.2% 10.1% N/A
10 Yr N/A* 5.8% 11.4% N/A

* Annualized

Return Ranking - Calendar

Period PFLD Return Category Return Low Category Return High Rank in Category (%)
2020 0.2% -79.5% 4.8% 65.82%
2019 N/A 2.3% 20.1% N/A
2018 N/A -19.0% -5.7% N/A
2017 N/A -5.0% 18.5% N/A
2016 N/A -6.1% 1.7% N/A

Total Return Ranking - Trailing

Period PFLD Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -1.8% 1.8% 60.00%
1 Yr 5.2% -22.7% 9.4% 52.50%
3 Yr N/A* -5.2% 8.5% N/A
5 Yr N/A* -0.2% 10.1% N/A
10 Yr N/A* 5.8% 11.4% N/A

* Annualized

Total Return Ranking - Calendar

Period PFLD Return Category Return Low Category Return High Rank in Category (%)
2020 0.2% -24.8% 4.8% 67.09%
2019 N/A 2.3% 20.1% N/A
2018 N/A -19.0% -1.8% N/A
2017 N/A -5.0% 18.5% N/A
2016 N/A -6.1% 7.5% N/A

PFLD - Holdings

Concentration Analysis

PFLD Category Low Category High PFLD % Rank
Net Assets 10.6 M 1.37 M 19.5 B 98.78%
Number of Holdings 179 47 518 60.98%
Net Assets in Top 10 2.84 M -276 M 2.77 B 95.12%
Weighting of Top 10 26.96% 12.6% 66.4% 24.39%

Top 10 Holdings

  1. GMAC Capital Trust I Pfd Secs 2011-15.2.40 Gtd Series 2 4.95%
  2. HSBC Holdings PLC ADR - American 1/40th of 6.20% Non-Cum Dollar Pref Shr, S 2.52%
  3. JPMorgan Chase & Co Non-Cum Pfd Shs Series -AA- 2.45%
  4. Goldman Sachs Group Inc Deposit Shs Repr 1/1000th Perp Fltg Rate Non Cum Pf 2.28%
  5. Qwest Corporation 6.5% 2.01%
  6. JPMorgan Chase & Co Deposit Shs Repr 1/40th 6.15 % Non-Cum Pfd Shs Series - 1.99%
  7. Southern Company 6.25% 1.86%
  8. Morgan Stanley Deposit Shs Repr 1/1000th Flt Rate Non Cum Pfd Shs Series - 1.83%
  9. Citigroup Inc 6.3% Fixed Series S 1.77%
  10. Southern Company 5.25% 1.75%

Asset Allocation

Weighting Return Low Return High PFLD % Rank
Preferred Stocks
93.35% 1.91% 122.54% 12.20%
Cash
6.22% -29.55% 17.07% 7.32%
Stocks
0.42% 0.00% 51.34% 52.44%
Other
0.00% 0.00% 11.41% 73.17%
Convertible Bonds
0.00% 0.00% 46.42% 87.80%
Bonds
0.00% -1.98% 78.21% 86.59%

Stock Sector Breakdown

Weighting Return Low Return High PFLD % Rank
Real Estate
58.69% 0.00% 100.00% 21.43%
Utilities
41.31% 0.00% 100.00% 25.00%
Technology
0.00% 0.00% 0.00% 30.36%
Industrials
0.00% 0.00% 13.57% 42.86%
Healthcare
0.00% 0.00% 6.54% 42.86%
Financial Services
0.00% 0.00% 100.00% 64.29%
Energy
0.00% 0.00% 36.11% 39.29%
Communication Services
0.00% 0.00% 63.89% 39.29%
Consumer Defense
0.00% 0.00% 1.98% 30.36%
Consumer Cyclical
0.00% 0.00% 0.00% 30.36%
Basic Materials
0.00% 0.00% 4.62% 44.64%

Stock Geographic Breakdown

Weighting Return Low Return High PFLD % Rank
US
0.42% 0.00% 47.83% 31.71%
Non US
0.00% 0.00% 3.51% 50.00%

PFLD - Expenses

Operational Fees

PFLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.15% 4.20% 93.75%
Management Fee 0.45% 0.00% 1.21% 6.10%
12b-1 Fee 0.00% 0.00% 1.00% 5.71%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

PFLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.00% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PFLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PFLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 202.00% 6.30% 202.00% 100.00%

PFLD - Distributions

Dividend Yield Analysis

PFLD Category Low Category High PFLD % Rank
Dividend Yield 3.17% 0.00% 6.44% 15.85%

Dividend Distribution Analysis

PFLD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PFLD Category Low Category High PFLD % Rank
Net Income Ratio 5.15% 2.64% 7.26% 33.75%

Capital Gain Distribution Analysis

PFLD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

PFLD - Fund Manager Analysis

Managers

Rafael Zayas


Start Date

Tenure

Tenure Rank

Jun 23, 2020

0.52

0.5%

Rafael Zayas, CFA, is a portfolio manager. Mr. Zayas became SVP, Head of Portfolio Management and Trading in June 2020. From 2017 to 2020, he was a Senior Portfolio Manager – International Equity at Vident and has over 15 years of experience that includes managing international equity portfolios, including in emerging and frontier markets. Prior to joining Vident, he was a Portfolio Manager – Direct Investments for seven years at Russell Investments, a global asset manager, where he co-managed more than $4 billion in quantitative strategies across global markets, including the Russell Strategic Call Overwriting Fund, a mutual fund. Mr. Zayas also helped Russell Investments launch its sponsored ETF initiative and advised on index methodologies. Prior to joining Russell Investments, Mr. Zayas was a Portfolio Manager – Equity Indexing at Mellon Capital Management, where he managed assets for internationally listed global equity ETFs. Mr. Zayas graduated with a B.S. in Electrical Engineering from Cornell University and obtained a Certificate in Computational Finance and Risk Management from the University of Washington. He also attained the Chartered Financial Analyst designation in 2010.

Austin Wen


Start Date

Tenure

Tenure Rank

Jun 23, 2020

0.52

0.5%

Austin Wen, CFA has seven years of investment management experience. Mr. Wen is a Portfolio Manager at Vident, specializing in portfolio management and trading of equity portfolios and commodities based portfolios, as well as risk monitoring and investment analysis. Previously, Mr. Wen was an analyst for Vident Financial, working on the development and review of investment solutions. He began his career as a State Examiner for the Georgia Department of Banking and Finance. Mr. Wen obtained a BA in Finance from the University of Georgia and holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.52 28.9 7.56 10.01