Symbols

PFF

iShares Preferred and Income Securities ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

13.33BUSD

Fund Flow (1Y)

-623.91MUSD

Dividend Yield

5.28%

Discount / Premium to NAV

0.23%

Shares Outstanding

440.75M

Expense Ratio

0.45%

About iShares Preferred and Income Securities ETF

Issuer

BlackRock Fund Advisors

Brand

iShares

Home Page

https://www.ishares.com/us/products/239826/ishares-us-preferred-stock-etf

Inception Date

Mar 26, 2007

Structure

Open-Ended Fund

Index Tracked

ICE 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

BlackRock Fund Advisors

Distributor

BlackRock Investments LLC

PFF targets preferred securities irrespective of credit rating, providing a broad and diversified portfolio. The fund's holdings reflect the nature of the market in that financial institutions dominate the holdings. The underlying index and portfolio are rebalanced monthly. PFF particularly stands out for strong block liquidity, making it the fund of choice for large traders. For investors, it is important to consider how much of the distribution can be classified as qualified dividend income. Prior to February 1, 2019, the fund tracked a similar index from S&P.