Symbols

PFLD

AAM Low Duration Preferred and Income Securities ETF·ARCA

--(--)

Key Stats

Assets Under Management

441.59MUSD

Fund Flows (1Y)

-25.36MUSD

Dividend Yield

6.29%

Discount/Premium to NAV

-0.17%

Shares Outstanding

22.40M

Expense Ratio

0.45%

About AAM Low Duration Preferred and Income Securities ETF

Issuer

Advisors Asset Management, Inc.

Brand

AAM

Home Page

https://www.aamlive.com/ETF/Detail/PFLD

Inception Date

Nov 19, 2019

Structure

Open-Ended Fund

Index Tracked

ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Advisors Asset Management, Inc.

Distributor

Quasar Distributors LLC

PFLD is the first to offer a passively managed fund that follows an index of USD denominated preferred and hybrid securities primarily listed on NYSE or NASDAQ with an option-adjusted duration of less than 5 years. The index is composed of securities of different categories such as floating, fixed rate, convertible preferreds, preferred REITs or hybrid REITs, and ADRs. Eligible securities must meet a minimum $100 million face amount outstanding, liquidity, trading volume, priced no more than 105% of its face value and at least 18 months to final maturity. The Index may include securities of any credit quality and is market-value weighted with 4.75% maximum allocation per issuer. The Index is rebalanced monthly.