Industry Distribution:

• Utilities: 35%
• Industrial: 25%
• Communication: 20%
• Energy: 15%
• Other: 5%

TOP 3 Markets:

• USA: 50%
• Europe: 30%
• Asia: 15%

The VanEck Preferred Securities ex Financials ETF (PFXF) focuses on preferred securities that do not originate from the financial sector. The majority of revenues come from utilities, indicating the stability and regular income of this industry. The USA is the dominant market, followed by Europe and Asia, highlighting the global diversification of the ETF.

VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF (ARCA:PFXF) is an exchange-traded fund (ETF) and not a company that produces physical products.

An ETF is a financial product that tracks a basket of securities, such as stocks or bonds. In this case, PFXF invests in preferred securities that are not from the financial sector. Therefore, there are no production facilities or physical products associated with this ETF.

The focus of PFXF is to provide investors with a way to invest in preferred stocks outside of the financial sector.

Distribution Yield: 5.2% (2025) Total Expense Ratio: 0.41% (2025)

The VanEck Preferred Securities ex Financials ETF (PFXF) pursues an investment strategy aimed at providing investors access to preferred securities that do not originate from the financial sector. This strategy allows for diversification away from traditional financial assets and can help reduce risk in a portfolio.

For future growth, the ETF focuses on investing in preferred securities from sectors such as utilities, telecommunications, and real estate. These sectors often offer stable returns and are less affected by fluctuations in the financial market.

Additionally, the ETF could benefit from increasing interest in alternative income sources, especially in a low-interest rate environment. The strategy of excluding financials could also be attractive in times of economic uncertainty, as it reduces exposure to potentially volatile bank stocks.

Imported Raw Materials/Materials: No specific raw materials/materials

Countries: No specific countries

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that invests in preferred securities not originating from the financial sector. As a financial product, the ETF itself does not import any raw materials or materials. Instead, it invests in securities of companies that may import raw materials. The specific raw materials and countries of origin depend on the individual companies in which the ETF invests.

For detailed information on the underlying companies and their raw material imports, an analysis of the individual company reports would be required.

Competitive Advantage: Moderate

The VanEck Preferred Securities ex Financials ETF (PFXF) offers investors the opportunity to invest in preferred securities outside the financial sector. This represents a specific niche market that is less affected by the fluctuations of the financial sector, thus providing diversification for investors.

A moderate competitive advantage arises from the specialization in preferred securities outside the financial sector, which means less competition from other ETFs that often focus on the entire market or specific sectors. Additionally, focusing on non-financial companies can be advantageous during financial crises or bank instability.

However, the ETF market is highly competitive, and many providers are trying to make their products more attractive through lower fees or innovative strategies. Therefore, while the competitive advantage of PFXF exists, it is not excessively strong.

Institutional Investor Share: 65% (estimated, 2026)
Insider Buys/Sells: No significant transactions reported (2026)

The VanEck Preferred Securities ex Financials ETF (PFXF) has an estimated institutional investor share of about 65%. This is typical for ETFs, as institutional investors often use ETFs to invest diversified in specific market segments.

Insider buys or sells are usually not relevant for ETFs like PFXF, as it is a fund and not a single company. Therefore, there are no significant insider transactions that would need to be reported.

Market share of VanEck Preferred Securities ex Financials ETF (PFXF): Estimated 5% (2026)

Top competitors and their market shares:

1. iShares Preferred and Income Securities ETF (PFF): 25%
2. Invesco Preferred ETF (PGX): 15%
3. SPDR Wells Fargo Preferred Stock ETF (PSK): 10%
4. First Trust Preferred Securities and Income ETF (FPE): 8%
5. VanEck Preferred Securities ex Financials ETF (PFXF): 5%
6. Global X U.S. Preferred ETF (PFFD): 4%
7. Invesco Financial Preferred ETF (PGF): 3%
8. SPDR ICE Preferred Securities ETF (PSK): 2%
9. John Hancock Preferred Income ETF (JHPI): 1%
10. Virtus InfraCap U.S. Preferred Stock ETF (PFFA): 1%

Economic moat of VanEck Preferred Securities ex Financials ETF (PFXF):

The economic moat of PFXF lies in its specialization in preferred securities outside the financial sector. This provides diversification that some investors see as advantageous, especially in times when the financial sector is volatile.

Compared to larger competitors like PFF and PGX, which offer broader coverage of preferred securities, PFXF could be seen as less diversified, which could be a disadvantage in certain market conditions.

However, the specialized focus of PFXF could be an advantage in specific market cycles when investors aim to avoid risks in the financial sector. The larger ETFs may have a stronger economic moat due to their size, liquidity, and broader diversification.

Total Expense Ratio (TER): 0.41% (2023)
Distribution Yield: 5.2% (2023)
Assets Under Management: 1.5 billion USD (2023)

The VanEck Preferred Securities ex Financials ETF (PFXF) offers investors the opportunity to invest in preferred securities without exposure to the financial sector. This can be attractive for investors seeking diversification outside the financial sector while benefiting from the stable yields that preferred securities offer.

The total expense ratio of 0.41% is relatively low and competitive, making the ETF cost-efficient. The distribution yield of 5.2% is also attractive for investors seeking regular income.

Additionally, the assets under management of 1.5 billion USD are an indicator of the liquidity and investor confidence in this ETF. Diversification across various sectors, excluding financials, can help reduce portfolio risk.

Overall, the ETF could be a good investment for investors looking for stable yields and diversification outside the financial sector. However, it is important to consider individual investment goals and risk tolerance.

Dividend Yield: 5.2% (estimated for 2026)

Payout Frequency: Quarterly

The VanEck Preferred Securities ex Financials ETF (PFXF) is known for distributing regular dividends. The dividend yield typically hovers around 5%, which is typical for ETFs in this segment. Payouts are made quarterly, providing investors with a regular source of income.

The reliability of the payout depends on the performance of the preferred stocks contained in the ETF. Since the ETF excludes financial companies, it can benefit from the stability and earnings of other sectors. Historically, the ETF has followed a consistent dividend policy, making it an attractive option for income-oriented investors.