PIMCO Preferred And Capital Securities Active Exchange-Traded Fund
$49.75−0.32 (−0.63%)
- Expense ratio
- 0.88%
- Fund size
- $238M
- 1Y return
- +2.3%
- Yield · Last 12 months
- 5.93%
- Holdings
- 221
- Volume · 30D
- 0M sh
- NAV per share
- $50.00
- 52W range
The ETF.net PRFD Grade
Score 47 of 100 sits in the C 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.FScore 7Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 62Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 73Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 58Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 55Category rank
Our read on PRFD
CPIMCO points its credit desk at preferreds, including the regulatory-capital paper banks issue to institutions rather than only retail-listed shares. Active, monthly-paying, running since 2023.
The Fund seeks total return with a secondary objective of income generation. It normally invests at least 80% of its assets in diversified preferred and capital securities, including regulatory-capital instruments issued by U.S. and non-U.S. financial institutions.
Why people hold it
- At least 80% of assets go to preferred and capital securities, including regulatory-capital instruments from US and non-US financial institutions. Wider ground than US-listed preferreds alone.
- Actively run rather than index-tracking: managers choose the issues, chasing total return with income as the stated secondary objective.
- Pays monthly and spreads exposure across a couple hundred positions instead of a short list of jumbo bank issues.
- Standard 1940 Act fund wrapper, so shareholders get 1099 tax reporting rather than a partnership K-1.
Worth knowing
- Active management costs: the 0.88% expense ratio sits above index rivals in the same aisle, such as EVPF at 0.20% and PSK at 0.45%.
- Trades lightly next to the category's household names, so bid-ask spreads can be wider, particularly in stressed markets.
- The fund discloses that distributions may include return of capital, meaning part of a monthly payout can be capital returned rather than income earned.
PRFD Holdings
- Bonds
- 221
- 16%
- US DOLLAR
Sectors
- Financials90.0%
- Communication10.0%
Geography
- United States53.88%
- Canada14.24%
- United Kingdom10.27%
- France5.92%
- Switzerland2.71%
- Spain2.50%
- Japan2.34%
- Netherlands2.18%
- 5.95%
Developed 95% · Emerging 5%
PRFD 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 | PRFD |
|---|---|
| Year to date | +1.1% |
| 1 month | −0.4% |
| 3 months | −0.6% |
| 1 year | +2.3% |
| 3 years | +8.8% |
| 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 | PRFD |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +8.4% | |
| 2024 | +10.2% | |
| 2023 | +1.8% |
PRFD in the news
ETF.net Research hasn’t filed on PRFD yet — coverage lands here as it’s written.
PRFD Dividends
- 5.93%
- $2.97
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.25 |
| Aug 3, 2026 | Aug 5, 2026 | $0.25 |
| Jul 1, 2026 | Jul 6, 2026 | $0.25 |
| Jun 1, 2026 | Jun 3, 2026 | $0.25 |
| May 1, 2026 | May 5, 2026 | $0.25 |
| Apr 1, 2026 | Apr 3, 2026 | $0.25 |
| Mar 2, 2026 | Mar 4, 2026 | $0.25 |
| Feb 2, 2026 | Feb 4, 2026 | $0.25 |
| Dec 31, 2025 | Jan 5, 2026 | $0.25 |
| Dec 1, 2025 | Dec 3, 2025 | $0.24 |
| Nov 3, 2025 | Nov 5, 2025 | $0.24 |
| Oct 1, 2025 | Oct 3, 2025 | $0.24 |
PRFD Risk
- 6.0%
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.
- 0.69
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.
- −11.9%
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.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PRFD Cost
- The middle half of Preferred Securities funds
- Median 0.50%
28 of the 31 Preferred Securities funds charge less.