Preferred ETF
Definition
An exchange-traded fund that holds a basket of preferred stocks, often with baby bonds and trust preferreds. It trades like a stock and pays monthly. YieldDesk scores each fund and the book it holds; see Book IQS.
On a live record
PFF (iShares) is a preferred stock ETF yielding 5.79% on its trailing payments, with a 0.45% expense ratio. Open the PFF record.
Written from the public record at the last refresh. Prices are 15 minutes delayed.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.