AAM Low Duration Preferred and Income Securities ETF
PFLD
Market cap $463M

20.65 USD

-0.01

0.05%

At close Dec 26, 4:00 PM EST

1 day

-0.05%

5 days

0.29%

1 month

-1.95%

3 months

-3.46%

6 months

-2.55%

Year to date

-1.15%

1 year

-3.10%

5 years

-18.25%

10 years

-17.40%

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 14

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

4% more funds holding

Funds holding: 46 [Q2] → 48 (+2) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

14% less capital invested

Capital invested by funds: $292M [Q2] → $252M (-$40.3M) [Q3]

29.32% less ownership

Funds ownership: 89.0% [Q2] → 59.68% (-29.32%) [Q3]

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Research analyst outlook

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

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Financial journalist opinion

PFLD: Hybrid Assets ETF With Low Rate Sensitivity, But Underwhelming Record

AAM Low Duration Preferred and Income Securities ETF holds 209 US-listed hybrid securities with lower sensitivity to interest rate changes. The PFLD ETF is diversified but heavily concentrated in the financial sector, with significant exposure to banks. PFLD has suffered a significant decay in price since its inception, amplified by inflation.

PFLD: Hybrid Assets ETF With Low Rate Sensitivity, But Underwhelming Record

PFLD: Reduces Interest Rate Risk For Preferreds In An ETF Wrapper

AAM's Low Duration Preferred ETF offers monthly income, diversification, potential tax advantages, and lower interest rate risk compared to common shares. With a 6.54% 30 day SEC yield and 0.46% expense ratio, this ETF is recommended for investors seeking steady income and reduced risk. Preferred shares in PFLD provide fixed dividends, equity status, and higher priority in dividend payments than common shares, with lower default and call risks due to screening process.

PFLD: Reduces Interest Rate Risk For Preferreds In An ETF Wrapper

PFLD: Good If Still Nervous About Rates

AAM Low Duration Preferred and Income Securities ETF offers stable returns and low duration for investors seeking income streams with minimal rate risk. PFLD is the first ETF of its kind, targeting short-duration preferred securities with a duration of less than 5 years. The PFLD fund is heavily diversified and has a high concentration in the banking and financial services sectors, offering attractive relative yield.

PFLD: Good If Still Nervous About Rates

9 Views on Adding Current Income in 2024

The U.S. stock market is chugging along in 2024 despite looming risks surrounding inflation, interest rates, and even AI. With many investors approaching retirement, too, the need for current income is continuing to grow.

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.

Preferreds Weekly Review: Keep An Eye On The Spread Of Floating-Rate Preferreds

We take a look at the action in preferreds and baby bonds through the fourth week of March and highlight some of the key themes we are watching. Preferreds had a good week as Treasury yields fell on the back of the Fed's more dovish than expected stance. We take a look at how stocks with different spreads over SOFR could react to Fed's cuts.

Preferreds Weekly Review: Mandatory Convertibles Offer High-Beta Preferred Exposure

We take a look at the action in preferreds and baby bonds through the third week of March and highlight some of the key themes we are watching. Preferreds were down for the week due to rising Treasury yields, but most preferred CEF sectors remain positive for the month. Albemarle issued a new preferred stock with a mandatory convertible feature, offering upside participation with less downside than the common and a higher coupon.

Preferreds Weekly Review: Historic Drawdowns Are Relevant Again

We take a look at the action in preferreds and baby bonds through the fourth week of February and highlight some of the key themes we are watching. Preferreds had a strong week with a 1%+ return, driven by a drop in Treasury yields and compression in credit spreads. Different preferreds sectors have different drawdown profiles, offering investors an opportunity to tilt to more resilient securities in anticipation of the next drawdown.

U.S. Preferred Stocks Look Attractive And PFFA Is A Top-Performing Preferred Stocks ETF

PFFA is a well-diversified and consistently top-performing preferred stock ETF, enabled by management's bold allocation strategy.

Preferreds Weekly Review: A High Yield-To-Call Is Not Enough

We take a look at the action in preferreds and baby bonds through the second week of February and highlight some of the key themes we are watching. Preferreds were flat on the week as higher Treasury yields were offset by tighter credit spreads. A high yield-to-call is not a sufficient reason to buy a given preferred.

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