##  [# YieldShares Fund 'PFV’ Changing Focus](/sections/daily-etf-watch/yieldshares-fund-pfv-changing-focus) 

 

# YieldShares Fund 'PFV’ Changing Focus

 

 

A recent filing indicates the ETF will target closed-end funds covering senior loans.



 

 

 

 

 [![ETF.com](/sites/default/files/styles/author_image_icon/public/2023-12/etf.com_400x400.png?itok=LO34LQE1)](/contributors/etfcom-staff) 

[By ETF.com Staff](/contributors/etfcom-staff)

 Aug 15, 2017

 Edited by: ETF.com Staff

 

 

 [ + Follow ](/etf/login) 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

A new filing from Amplify Exchange Traded Funds indicates the firm will be changing the focus of its [Amplify YieldShares Prime 5 Dividend ETF (PFV)](https://www.etf.com/pfv) from dividend ETFs to senior-loan closed-end funds.

Currently, PFV invests in five U.S.-listed dividend-focused ETFs chosen for the underlying index based on their yield, level of volatility and expense ratio. The new version will track an index of closed-end funds that invest in senior loans.

The selection universe for the revamped fund’s index includes all U.S.-listed closed-end funds that pay dividends and invest primarily in floating-rate senior loans or other forms of floating-rate debt. Among other requirements, it screens out funds with a three-month average daily value traded of less than $1 million, less than $100 million in assets under management (AUM) and less than a year left before their liquidation date.

The funds remaining in the selection universe are then ranked based on distribution rate (40%), premium/discount rate (40%), total expense ratio (10%) and liquidity value (10%). The scores are used to determine a fund’s weighting in the index, with individual constituents capped at a weight of 15%, while all the components with less than $150 million in available float are capped at a combined weight of 30%.

The name and index change is expected to occur sometime around Aug. 29 of this year. PFV launched almost a year ago and has just $1.4 million in AUM.

*Contact Heather Bell at <hbell@etf.com>*



 

 

 [ + Follow ](/etf/login) 

 [ETF.com Staff](/contributors/etfcom-staff) 

 

 

  etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in…   [View Bio](/contributors/etfcom-staff)

 



 

 


 Related Topics  [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Dividend](http://www.etf.com/topics/dividend)