Ishare preferred4/15/2023 ![]() ![]() Still, they are subject to the movement of the market. These ETFs are not as volatile as equities on the stock market. Investors can trade preferred shares ETFs on the stock market. Canadian preferred shares are also eligible for dividend tax credit. Preferred shares are essentially hybrid securities that pay dividends like equities. These stocks are a special type of stock that pays dividends but does not come with voting rights. Preferred shares ETFs are Exchange-Traded Funds that encapsulate collections of preferred shares. All rights reserved.Conclusion What is a Preferred Shares ETF? Have you filled out our Guestbook? If not, please do.Ĭopyright © 1997 - 2022. Preferred Stock Index Fund Changed: Ĭlick for current PFF price quote from the NASDAQĪddress: 400 Howard Street, San Francisco, CA 94105įind a problem? Please use our Feedback Page or Email us. FUND MANAGEMENT: BlackRock Fund Advisors (BFA) serves as the investment adviser to the Fund. A Fund may or may not hold all of the securities in the Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the Index. Representative sampling is an indexing strategy that is used which involves investing in a representative sample of securities that collectively has an investment profile similar to the Index. The Fund may invest the remainder of its assets in securities not included in the Index, but which is believed will help the Fund track its Index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents, including shares of money market funds. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index. ![]() Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies. Indexing may eliminate the chance that the Fund will substantially outperform its Index but also may reduce some of the risks of active management, such as poor security selection. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. FUND STRATEGY: A passive or indexing approach is used to try to achieve the Fund's investment objective. As of the close of business on May 31, 2010, the Index was concentrated in the financial industry group, which compromised approximately 88% of the market capitalization of the Index. The Index may include many different categories of preferred stock, such as floating-rate preferred stock, fixed-rate preferred stock, perpetual preferred stock, convertible preferred stock, trust preferred securities and various other traditional and hybrid issues of preferred stock. Additionally, preferred stocks often have a liquidation value that generally equals the original purchase price of the preferred stock at the date of issuance. Preferred stocks generally are issued with a fixed par value and pay dividends based on a percentage of that par value at a fixed or variable rate. Although preferred stocks represent a partial ownership interest in a company, preferred stocks generally do not carry voting rights and have economic characteristics similar to fixed-income securities. In general, preferred stock is a class of equity security that pays a specified dividend that must be paid before any dividends can be paid to common stockholders, and which takes precedence over common stock in the event of the company's liquidation. The Index excludes certain issues of preferred stock, such as those that are issued by special ventures (E.G., toll roads or dam operators) or structured products that are linked to indexes or other stocks. The Index includes preferred stocks with a market capitalization over $100 million that meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor's Financial Services LLC, the Index Provider. The Index does not seek to directly reflect the performance of the companies issuing the preferred stock. Preferred Stock Index measures the performance of a select group of preferred stocks listed on the New York Stock Exchange, the NYSE Amex Equities or The NASDAQ Stock Market LLC. Preferred Stock ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index Fund, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the iShares Trust, an open-end investment management company. Preferred Stock ETF, formerly iShares S&P U.S. ![]() Company's Online Profile FUND DESCRIPTION: iShares U.S.
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