FMP
AAM Low Duration Preferred and Income Securities ETF
PFLD
AMEX
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 five years. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in preferred and income securities.
19.41 USD
0.02 (0.103%)
Historical Prices
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About
ceo
N/A
sector
Financial Services
industry
Asset Management - Income
website
N/A
exchange
AMEX
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 five years. Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in preferred and income securities.
CIK
0001540305
ISIN
US26922A1988
CUSIP
26922A198
Address
N/A
Phone
NA
Country
US
Employee
N/A
IPO Date
Nov 20, 2019
Sector Weightings
Country Weightings
Financial Statement
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Earnings
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PFLD Financial Summary
ISIN
US26922A1988
Exchange
AMEX
Beta
0.68
Market Cap
509.3M
52-Week
19.2286-21.49
Volume Avg.
183.72k
Price
19.41
Country
US
Management Assets
362.56M
Total Holdings
165
NAV
20.9
NAV Currency
USD
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Discounted Cashflow Model Levered
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Terminal Value
Intrinsic Value
Weighted Average Cost of Capital
Market Information
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Latest PFLD News
Seeking Alpha
Jun 22, 2024
PFLD: Reduces Interest Rate Risk For Preferreds In An ETF Wr...
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.
Seeking Alpha
Jun 6, 2024
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.
ETF Trends
Apr 25, 2024
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.
Seeking Alpha
Apr 21, 2024
Preferreds Weekly Review: Bond Interest Deferral Worries Inv...
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.
Seeking Alpha
Mar 24, 2024
Preferreds Weekly Review: Mandatory Convertibles Offer High-...
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.
Seeking Alpha
Mar 3, 2024
Preferreds Weekly Review: Historic Drawdowns Are Relevant Ag...
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.
Seeking Alpha
Feb 4, 2024
Preferreds Weekly Review: AHL Preferred Gets Stuck Near Libo...
We take a look at the action in preferreds and baby bonds through the fourth week of January and highlight some of the key themes we are watching. Preferred stock and baby bond market had a good week with most sectors finishing in the green. The article discusses the curious case of Aspen insurer preferred AHL.PR.C and how the coupon conversion worked on the first call date.
Seeking Alpha
Sep 15, 2023
PFLD: Low Duration Preferred Securities Fund With An Appeali...
The AAM Low Duration Preferred & Income Securities ETF is a fixed income fund. The fund's collateral is composed of preferred securities, mainly from the banking and financial services sectors. The fund's short duration profile helps to reduce interest rate risk, and its focus on investment grade securities and systemically important financial institutions mitigates default risk.
