Key stats
About AAM Low Duration Preferred and Income Securities ETF
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Inception date
Nov 19, 2019
Structure
Open-Ended Fund
Replication method
Physical
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate98.82%
Miscellaneous0.74%
Cash0.35%
Mutual fund0.09%
Stock breakdown by region
North America99.02%
Europe0.98%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history