What is PFFA?

PFFA is an actively managed fund of US preferred stock that leverages the portfolio to varying degrees. The fund seeks current income, with capital appreciation as a secondary goal.

PERFORMANCE [as of 12/07/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PFFA 6.25% -7.56% -16.22% -14.55% -0.49% -- --
PFFA (NAV) 6.22% -7.15% -16.47% -14.57% -0.57% -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PFFA Factset Analytics Insight

PFFA is an actively managed preferred stock ETF that focuses on preferred equity listed in the US and utilizes a variety of active management strategies. Specifically, the portfolio manager analyzes companies based on fundamentals while generally eliminating exposure to callable securities. A distinguishing characteristic of PFFA is that it uses margin to modestly leverage the portfolio, with a target leverage of 15-25% and a cap of 33% of fund assets (an effective maximum leverage ratio of 1.25x). The fund may engage in active and frequent trading of portfolio securities, at its discretion, to meet its investment objectives.

PFFA Summary Data

05/15/18
1.21%
$489.03M
No Underlying Index
N/A
Open-Ended Fund

Peers

N/A
N/A

Fund Flows

+$0.00B 5 Days
+$0.02B 30 Days
+$0.01B 90 Days

PFFA Fund Structure

Yes
No
-- / --
N/A
N/A
Low
Variable
Variable

PFFA Tax Exposures

20.00% / 39.60%
0.64%
No

PFFA Portfolio Data

10.07%
N/A

PFFA Index Data

No Underlying Index
Proprietary
Proprietary
N/A

Factset Analytics Block Liquidity

As of 12/08/22

This measurement shows how easy it is to trade a $1 million USD block of PFFA. PFFA is rated a N/A out of 5.

PFFA Tradability

141,038
$2.68M
133,969
$2.55M
0.29%
$0.05
0.14%
1.08% / -1.00%
None
100.00%
50,000
2.68
0.05%
--
1,367
$19.31
N/A