The iShares S&P International Preferred Stock Index (NYSEArca: IPFF) tracks the performance of the S&P International Preferred Stock Index. The fund has a 0.55% expense ratio and a 3.46% 30-day SEC yield.
IPFF has 63 holdings, and its top allocations include Swedbank AB-PRF 4.2%, BCE Inc 3.5%, Transcanada Corp 3.1%, Enbridge Inc. 2.8% and ManuLife FInancial Corp. 2.7%. Sector allocations include financials 73.0%, energy 16.4%, utilities 4.7%, telecom 4.1% and industrials 1.2%. Country allocations include Canada 71.3%, U.K. 12.5%, Sweden 5.1%, Singapore 3.2% and Guernsey 1.7%.
The Market Vectors Preferred Securities ex Financials ETF (NYSEArca: PFXF) tries to reflect the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index, which only follows non-financial preferred securities. The fund has a 0.40% expense ratio and a 6.30% 30-day SEC yield.
PFXF has 73 holdings, and its top allocations include General Motors 10.1%, PPL Corp. 3.6%, Apache Corp 3.5%, United Technologies 3.5% and PPL Corp. 3.1%. Sector allocations include REITs 28.8%, electric 24.6%, automobile 11.5%, telecom 7.6%, insurance 5.8%, oil & gas 4.9%, aerospace & defense 3.3%, sovereign 1.9%, mining 1.9% and auto parts & equipment.
The Global X Canada Preferred ETF (NYSEArca: CNPF) tires to reflect the performance of the Solactive Canada Preferred Stock Index. The fund has a 0.58% expense ratio and a 3.65% 30-day SEC yield.
CNPF has 51 holdings, and its top allocations include TransCanada 3.4%, Enbridge 3.4%, ManuLife 2.9%, Toronto-Dom Bank 2.6% and Royal BK Canada 2.6%. Sector allocations include financials 70.2%, energy 13.4%, telecom 8.6%, oil & gas 3.5%, utilities 1.9%, consumer staples 1.3% and consumer discretionary 1.2%.
The Global X SuperIncome Preferred ETF (NYSEArca: SPFF) tries to reflect the performance of the S&P Enhanced Yield North American Preferred Stock Index. The fund has a 0.58% expense ratio and a 6.51% 30-day SEC yield.
SPFF has 40 holdings, and its top allocations include Credit Suisse 5.9%, American International Group 4.4%, Aegon NV 4.2%, Wells Fargo XII 4.0%, Prudential Financial 3.9%. Sector allocations include financials 74.1%, insurance 8.4%, real estate 6.1%, energy 4.3%, industrials 2.7%, basic materials 2.4% and telecom 2.1%.
For more information on preferred shares, visit our preferred shares category.
Max Chen contributed to this article.