Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
Nuveen Preferred and Income
$25.13+0.06 (+0.22%)
- 0.56%
- $159M
- +2.0%
- 6.74%
- 0M sh
- $25.10
- low $21.00high $26.61
The ETF.net NPFI Grade
C
Score 52 out of 100
- 17 of 31
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C40 out of 100Rank 18 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.B65 out of 100Rank 12 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 8 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 15 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D37 out of 100Rank 24 of 31
Our read on NPFI
CA preferred-securities income fund wearing a financials jersey. Nuveen's ETF seeks high current income plus total return from roughly 160 preferreds and other income payers, and pays monthly.
The Fund seeks a high level of current income together with total return.
Why people hold it
- Income-first mandate: a high level of current income together with total return, paid out monthly rather than quarterly.
- Owns preferred securities, not bank common stock like XLF or VFH, so it acts as an income sleeve rather than a sector-earnings bet.
- Spread across roughly 160 income-producing positions, so no single issuer's coupon runs the show.
Worth knowing
- At 0.56% a year it costs more than the typical fund in its financials cohort, and many times index peers like XLF (0.08%) or VFH (0.09%).
- A small fund that trades lightly, so bid-ask spreads can run wider than on the cohort's giants.
- Launched in 2024, so the track record is short, and it sits in the lower tier of its financials cohort on cost and trading friction.
NPFI Holdings
- Bonds
- 121
- 28%
- Bnp Parib Vrn 12/31/99
Geography
- United States45.38%
- Canada13.83%
- United Kingdom13.53%
- France8.71%
- Spain5.44%
- Switzerland4.25%
- Bermuda2.33%
- Netherlands1.90%
- 4.63%
Developed 96% · Emerging 4%
NPFI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NPFI$10,198
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NPFI |
|---|---|
| Year to date | +0.2% |
| 1 month | −1.6% |
| 3 months | −2.2% |
| 1 year | +2.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NPFI |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +9.2% | |
| 2024 | +6.4% |
NPFI in the news
NPFI Dividends
- 6.74%
- $1.69
- $0.14 per share
- Monthly
Distribution history
NPFI Risk
- 3.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.33
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −3.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NPFI Cost
0.56%
NPFI0.56%
- The middle half of Preferred Securities funds
- Median 0.50%
18 of the 31 Preferred Securities funds charge less.
Other funds in Preferred Securities
- BPGFInvesco Financial Preferred ETFExpense ratio 0.56%1 year return −7.7%
- BPFLDAAM Low Duration Preferred and Income Securities ETFExpense ratio 0.45%1 year return +3.2%
- CFPEIFirst Trust Institutional Preferred Securities & Income ETFExpense ratio 0.85%1 year return +1.9%
- CFPFDFidelity Preferred Securities & Income ETFExpense ratio 0.59%1 year return −1.9%
- CCSPFCohen & Steers Preferred and Income Opportunities Active ETFExpense ratio 0.59%1 year return +2.6%