iShares Preferred & Income Securities ETF

About PFF

Tracks preferred stocks and hybrid income securities from U.S.-listed companies. Preferred shares rank above common equity in the capital structure, offering fixed dividend payments with bond-like income characteristics. Heavily weighted toward financials.

Top holdings

Bank of America Preferred$BAC-LWells Fargo Preferred$WFC-LCitigroup Preferred$C-JGoldman Sachs Preferred$GS-DJPMorgan Preferred$JPM-CMorgan Stanley Preferred$MS-KAxis Capital Preferred$AXS-EU.S. Bancorp Preferred$USB-HPNC Financial Preferred$PNC-PAlly Financial Preferred$ALLY-A

Sector exposure

• Financials68.4%
• Utilities12.6%
• Real Estate8.8%
• Industrials4.2%
• Other6.0%

How StockWorthy analyses PFF

ETFs hold companies rather than generating cash flow themselves, so PFF is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 5.92% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.