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ETFs

PIMCO Preferred and Capital Securities Active Exchange-Traded Fund

PRFD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 18, 2023
Expense Ratio
0.69%
Type
Global Diversified
Fund Owner
PIMCO
Volume (1m avg. daily)
$262,920
AUM
$99,052,844
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CHARLES SCHWAB CORP JR SUBORDINA 12/99 VAR
3.36%
MET4612264
METLIFE INC JR SUBORDINA 12/99 VAR
2.97%
n/a
Wells Fargo & Co. - FXDFR PRF PERPETUAL USD 1000 - Ser EE
2.97%
n/a
JPMorgan Chase & Co. - FXDFR PRF PERPETUAL USD 1000 - Ser HH
2.85%
n/a
ING GROEP NV JR SUBORDINA REGS 12/99 VAR
2.79%
n/a
Bank Of America Corp. - FXDFR PRF PERPETUAL USD 1000 - Ser RR
2.64%
n/a
US TREASURY N/B 11/42 4
2.58%
n/a
GOLDMAN SACHS GROUP INC JR SUBORDINA 12/99 VAR
2.49%
n/a
COOPERATIEVE RABOBANK UA JR SUBORDINA REGS 12/99 VAR
2.34%
n/a
CITIGROUP INC JR SUBORDINA 12/99 VAR
2.28%
Invest with PRFD

What is PRFD?

Preferred and Capital Securities Active ETF seeks total return, consistent with prudent investment management, with a secondary objective of income generation. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of preferred securities and "Capital Securities." "Capital Securities" include securities issued by U.S. and non-U.S. financial institutions (including, but not limited to, banks and insurance companies) that can be used to satisfy their regulatory capital requirements. Preferred securities and "Capital Securities" may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. The "total return" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular market sector or security.

ETFs related toPRFD

ETFs correlated to PRFD include FPE, FPEI, VRP

PRFD
Pimco Exchange Traded Fund - PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
PREF
Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPRFD

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#LSPC

Lever up S&P with a Commodity Hedge

Category

Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Moderate

Create your own algorithmic trading strategy with PRFD using Composer

FAQ

PRFD is a Global Diversified ETF. Preferred and Capital Securities Active ETF seeks total return, consistent with prudent investment management, with a secondary objective of income generation. The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in a diversified portfolio of preferred securities and "Capital Securities." "Capital Securities" include securities issued by U.S. and non-U.S. financial institutions (including, but not limited to, banks and insurance companies) that can be used to satisfy their regulatory capital requirements. Preferred securities and "Capital Securities" may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. The "total return" sought by the Fund consists of income earned on the Fund's investments, plus capital appreciation, if any, which generally arises from decreases in interest rates, foreign currency appreciation, or improving credit fundamentals for a particular market sector or security.

Yes, PRFD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PRFD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PRFD is -0.0051%. This is the percent change in the value of PRFD over the most recent 1-month period. The 3-month return on PRFD is 0.0049%. This is the percent change in the value of PRFD over the most recent 3-month period.

ETFs similar to PRFD include AOR, DRSK, and RLY.

ETFs correlated to PRFD include FPE, FPEI, and VRP.

ETFs that are inversely correlated to PRFD include FAZ, VIXM, and TBLL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.