What is PFFL?

PFFL tracks twice the monthly returns of a market-value-selected and -weighted index of preferred securities from various issuers.

PERFORMANCE [as of 03/22/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PFFL -14.19% -7.00% -3.75% -29.25% 5.46% -- --
PFFL (NAV) -14.20% -7.05% -3.82% -29.11% 5.15% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PFFL Factset Analytics Insight

PFFL is a leveraged take on the US preferred shares market. The underlying index consists of equally weighted positions in two ETFs: iShares’ PFF and Invesco’s PGX. Both are preferred stock funds that hold securities of various credit ratings. PFFL is a leveraged product that resets monthly. While this makes the note more suitable for longer-term positions than a daily-reset product, it is not intended as a buy-and-hold ETF. Returns will track 2x exposure to the underlying index only if shares are purchased at the beginning of a calendar month and sold by the end of the month. Note that PFFL’s index is calculated based on the trading price of its underlying funds. This means that the effect of the funds’ fees, tracking error, and trading premium/discount is baked into the index—and PFFL’s leverage factor doubles their impact.

PFFL Summary Data

UBS
09/25/18
0.85%
$10.00M
Solactive Preferred Stock ETF Index
N/A
Exchange-Traded Note

Peers

N/A
N/A

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
$0.00B 90 Days

PFFL Fund Structure

Yes
N/A
-- / --
UBS AG (London Branch)
Low
High
2
Monthly

PFFL Tax Exposures

20.00% / 39.60%
--
No

PFFL Portfolio Data

10.14%
N/A

PFFL Index Data

Solactive Preferred Stock ETF Index
Market Value
Market Value
N/A

Factset Analytics Block Liquidity

As of 03/23/23

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

PFFL Tradability

4,751
$54.30K
2,794
$32.98K
0.35%
$0.04
-0.02%
4.73% / -1.20%
None
100.00%
50,000
0.06
0.13%
--
0
$9.97
N/A