AAM Low Duration Preferred and Income Securities ETF
$19.36−0.04 (−0.23%)
- Expense ratio
- 0.45%
- Fund size
- $393M
- 1Y return
- +3.4%
- Yield · Last 12 months
- 5.46%
- Holdings
- 335
- Volume · 30D
- 0.1M sh
- NAV per share
- $19.42
- 52W range
The ETF.net PFLD Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 39Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 63Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 55Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 43Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
Our read on PFLD
BPreferred income on a shorter leash. PFLD tracks an ICE index built only from exchange-listed preferred and hybrid securities with five years of duration or less, and it pays monthly.
The Fund seeks to track, before fees and expenses, the total return of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index.
Why people hold it
- The whole point is the duration screen: the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index keeps the portfolio at the short end of a market known for long, rate-sensitive paper.
- Income arrives monthly rather than quarterly, from a basket of roughly 160 preferreds and hybrids, so no single issuer's payout dominates the check.
- Rules, not hunches. It is passively managed against one published index, so the holdings follow a disclosed rulebook instead of a manager's mood, and it has run that way since launching in 2019.
Worth knowing
- At 0.45% it sits right at the median for index-tracking ETFs, but that cohort includes plain stock trackers like VT and SCHK charging under a tenth as much. Niche plumbing costs more.
- Short duration turns down interest-rate sensitivity, not credit risk. These are hybrid preferred securities, and they behave like hybrids when markets get jumpy.
- A mid-sized, moderately traded fund rather than a category heavyweight, so limit orders and a glance at the spread do more work here than in the giants.
PFLD Holdings
- Bonds
- 335
- 22%
- JPM-PC
Sectors
- Financials69.2%
- Real Estate20.3%
- Cons. Staples4.8%
- Utilities2.0%
- Energy2.0%
- Industrials1.6%
- Technology0.2%
Geography
- United States96.78%
- Canada1.75%
- Bermuda0.84%
- Greece0.63%
PFLD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | PFLD |
|---|---|
| Year to date | +2.8% |
| 1 month | −0.2% |
| 3 months | +0.3% |
| 1 year | +3.4% |
| 3 years | +4.1% |
| 5 years | +0.8% |
| 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 | PFLD |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +1.5% | |
| 2024 | +5.5% | |
| 2023 | +8.2% | |
| 2022 | −12.7% | |
| 2021 | +4.5% | |
| 2020 | +5.4% |
PFLD in the news
ETF.net Research hasn’t filed on PFLD yet — coverage lands here as it’s written.
PFLD Dividends
- 5.46%
- $1.06
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Sep 1, 2026 | $0.09 |
| Jul 31, 2026 | Aug 4, 2026 | $0.09 |
| Jun 30, 2026 | Jul 2, 2026 | $0.09 |
| May 29, 2026 | Jun 2, 2026 | $0.09 |
| Apr 30, 2026 | May 4, 2026 | $0.09 |
| Mar 31, 2026 | Apr 2, 2026 | $0.09 |
| Feb 27, 2026 | Mar 3, 2026 | $0.09 |
| Jan 30, 2026 | Feb 3, 2026 | $0.09 |
| Dec 31, 2025 | Jan 5, 2026 | $0.11 |
| Nov 26, 2025 | Dec 1, 2025 | $0.09 |
| Oct 30, 2025 | Nov 3, 2025 | $0.09 |
| Sep 29, 2025 | Oct 1, 2025 | $0.09 |
PFLD Risk
- 4.8%
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.
- −0.05
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.
- −15.5%
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.
- 0.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PFLD Cost
- The middle half of Preferred Securities funds
- Median 0.50%
5 of the 31 Preferred Securities funds charge less.