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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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The fund invests primarily in variable-rate preferred stocks, including fixed-to-floating, resettable, and floor-rate instruments, with a strong emphasis on the financial sector. With a low expense ratio of 0.25% and a three-year NAV return of 4.26%, PFFV provides cost-efficient exposure to variable-rate preferreds. The fund is composed of 45% fixed-to-floating, 20% floor-rate, and 35% resettable preferred stocks, split between issues trading above and below par.
