NYSE ARCA | ETF
The index measures the performance of exchange-listed,U. S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (NYSE) or NASDAQ Capital Market (NASDAQ) with an option-adjusted duration of less than five years.
Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in preferred and income securities.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| STRF | MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock | Technology | Software - Application | 1.95% |
| TBB | AT&T Inc | 1.94% | ||
| SCHW-P-D | The Charles Schwab Corporation Depositary Shares Series D | Other | Other | 1.60% |
| RZC | 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 | 1.56% | ||
| ATH-PA | Athene Holding Ltd | Financial Services | Insurance - Life | 1.54% |
| GS-PA | The Goldman Sachs Group Inc | Financial Services | Capital Markets | 1.38% |
| TBC | AT&T Inc ELKS | Technology | Telecommunications Services | 1.30% |
| KEY-P-I | KeyCorp Depositary Shares Series E | Other | Other | 1.27% |
| CHSCO | CHS Inc CO Pref | Consumer Defensive | Farm Products | 1.26% |
| MET-P-A | MetLife Inc. Preferred Series A Floating Rate | Other | Other | 1.26% |
| JXN-PA | Jackson Financial Inc. | Financial Services | Insurance - Life | 1.25% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 1.24% |
| WCC-PA | WESCO International Inc | Industrials | Industrial Distribution | 1.20% |
| CHSCL | CHS Inc CL Pref | Consumer Defensive | Farm Products | 1.16% |
| ATR0 | ATHENE HOLDING PRF.SER.C | Financial Services | Insurance - Life | 1.15% |
| BANC-PF | Banc of California Inc. | Financial Services | Banks - Regional | 1.10% |
| DUKB | Duke Energy Corp | 1.07% | ||
| CHSCM | CHS Inc CM Pref | Consumer Defensive | Farm Products | 1.07% |
| USB-P-A | U.S. Bancorp Depositary Shares Series A | Other | Other | 1.03% |
| FITBI | Fifth Third Bancorp | Financial Services | Banks - Regional | 1.00% |