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PIMCO Preferred And Capital Securities Active Exchange-Traded Fund

PRFDNYSE ArcaPIMCOC

$49.11+0.03 (+0.06%)

As of Nov 2, 2026, 3:42 PM ET

Intraday session: up, 74 prints from 49.08 to 49.11. Range 49.08 to 49.21. Use the arrow keys to read each point.49.1349.1549.1749.2010 AM12 PM2 PM4 PM
Expense ratio
0.72%*
Fund size
$234M
1Y total return
+0.5%
Yield · Last 12 months
6.04%
Holdings
248
Avg volume · 30D
21.1K sh
52W range
low $48.24high $52.60
Launched

*After a fee waiver that ends Oct 31, 2027. Without it: 0.87%.

The ETF.net PRFD Grade

C

Score 50 out of 100

Rank
21 of 31
Six-pillar profile for PRFD. Scores out of 100: Cost 17, Risk 77, Mission 57, Tradability 62, Holdings 78, Durability 54. Strongest: Holdings (78). Weakest: Cost (17). Leans toward Holdings and Risk.

Score 50 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.
    F17 out of 100
    Rank 26 of 31
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B57 out of 100
    Rank 16 of 26
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A77 out of 100
    Rank 4 of 31
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 11 of 31
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A78 out of 100
    Rank 5 of 29
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C54 out of 100
    Rank 17 of 31

Our read on PRFD

ETF.net Research

In short

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.

Stated mandate

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

Asset class
Bonds
Holdings
248
Top-10 weight
15%
Largest holding
Us Dollar2.2%

Geography

  • United States54.60%
  • Canada14.04%
  • United Kingdom9.94%
  • France5.88%
  • Switzerland2.63%
  • Spain2.40%
  • Japan2.26%
  • Mexico2.20%
  • Other countries (7)6.05%

Developed 95% · Emerging 5% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 17.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUs Dollar2.25%5,270,092$5.27M222
2No dataNet Other Assets1.59%0$3.72M158
3No dataJPMorgan Chase & Co Jr Subordina 12/99 Var 6.50% 12/31/20991.52%36,000$3.57M3
4No dataRoyal Bank of Canada Jr Subordina 05/84 Var 7.50% 05/02/20841.47%34,000$3.45M3
5No dataBank of America Corp Jr Subordina 12/99 Var 5.88% 12/31/20991.45%34,181$3.41M2
6No dataCitigroup Inc Jr Subordina 12/99 Var 6.95% 12/31/20991.35%32,000$3.17M8
7No dataCharles Schwab Corp Jr Subordina 12/99 Var 6.10% 12/31/20991.31%31,999$3.07M12
8No dataCitigroup Inc Jr Subordina 12/99 Var 6.63% 12/31/20991.31%30,999$3.06M13
9No dataEnergy Transfer Lp Jr Subordina 12/99 Var 7.13% 12/31/20991.30%30,001$3.05M9
10No dataEnbridge Inc Subordinated 07/80 Var 5.75% 07/15/20801.18%28,150$2.76M12
11No dataBank of America Corp Jr Subordina 12/99 Var 6.63% 12/31/20991.15%26,999$2.69M15
12No dataBarclays PLC Jr Subordina 12/99 8 8.00% 12/31/20991.14%26,000$2.68M6
13No dataIng Groep NV Jr Subordina 12/99 Var 7.00% 12/31/20991.01%24,000$2.38M4
14No dataNatwest Group PLC Jr Subordina 12/99 Var 8.13% 12/31/20990.98%21,999$2.29M11
15No dataNextera Energy Capital Company Guar 06/54 Var 6.75% 06/15/20540.98%22,999$2.29M17

Showing 1–15 of 248 holdings

PRFD Performance

Launched Jan 18, 2023

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.
PRFD$10,053
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PRFD $10,053. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for PRFD. Periods over one year show the average yearly return.
PeriodPRFD
Year to date+0.1%
1 month+1.2%
3 months−0.9%
1 year+0.5%
3 yearsper year+9.9%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PRFD
YearReturn barPRFD
2026 YTD+0.1%
2025+8.4%
2024+10.2%
2023+1.8%

History from Jan 19, 2023

PRFD in the news

PRFD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
6.04%Last 12 months
Payout per share
$2.98Last 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 44 payments from 2023 to 2026 YTD. Mar 1, 2023 $0.22; Apr 3, 2023 $0.25; May 1, 2023 $0.21; Jun 1, 2023 $0.13; Jul 3, 2023 $0.22; Aug 1, 2023 $0.20; Sep 1, 2023 $0.22; Oct 2, 2023 $0.22; Nov 1, 2023 $0.25; Dec 1, 2023 $0.25; Dec 28, 2023 $0.27; Feb 1, 2024 $0.22; Mar 1, 2024 $0.23; Apr 1, 2024 $0.23; May 1, 2024 $0.23; Jun 3, 2024 $0.25; Jul 1, 2024 $0.23; Aug 1, 2024 $0.26; Sep 3, 2024 $0.26; Oct 1, 2024 $0.25; Nov 1, 2024 $0.25; Dec 2, 2024 $0.25; Dec 31, 2024 $0.24; Feb 3, 2025 $0.25; Mar 3, 2025 $0.24; Apr 1, 2025 $0.24; May 1, 2025 $0.24; Jun 2, 2025 $0.24; Jul 1, 2025 $0.24; Aug 1, 2025 $0.24; Sep 2, 2025 $0.24; Oct 1, 2025 $0.24; Nov 3, 2025 $0.24; Dec 1, 2025 $0.24; Dec 31, 2025 $0.25; Feb 2, 2026 $0.25; Mar 2, 2026 $0.25; Apr 1, 2026 $0.25; May 1, 2026 $0.25; Jun 1, 2026 $0.25; Jul 1, 2026 $0.25; Aug 3, 2026 $0.25; Sep 1, 2026 $0.25; Oct 1, 2026 $0.25. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.25
Oct 1, 2026Oct 5, 2026$0.25
Sep 1, 2026Sep 3, 2026$0.25
Aug 3, 2026Aug 5, 2026$0.25
Jul 1, 2026Jul 6, 2026$0.25
Jun 1, 2026Jun 3, 2026$0.25
May 1, 2026May 5, 2026$0.25
Apr 1, 2026Apr 3, 2026$0.25
Mar 2, 2026Mar 4, 2026$0.25
Feb 2, 2026Feb 4, 2026$0.25
Dec 31, 2025Jan 5, 2026$0.25
Dec 1, 2025Dec 3, 2025$0.24

See all 45 payments⁠

$10,000 in PRFD 3 years ago paid $1,954 in dividends.⁠

PRFD Risk

How much the fund’s monthly returns vary, scaled to a year.
5.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.90
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−11.9%
45 months · trough Mar 2023
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.

How strongly the fund’s returns move with its asset-class index.
0.92
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PRFD Cost

Overpaying vs PFFD, cheapest in Preferred Securities

$9,198

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PRFD 0.72%

    $13,957

  • PFFD 0.23% Cheapest

    $4,759

$10,000
30 years

Cost over time

  • PRFD 0.72%
  • PFFD 0.23%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530PRFD $13,957PFFD $4,759

Year by year

YearPRFDPFFDOverpaying
10$1,284$419$865
20$4,888$1,630$3,258
30$13,957$4,759$9,198
How the 0.72% is worked out

Full fee 0.87%− waiver 0.15%= you pay 0.72%

The waiver ends Oct 31, 2027. After that the fee is 0.87% unless PIMCO renews it. Source: prospectus, Oct 2026.

Other funds in Preferred Securities