NYSE ARCA | ETF
The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index.
The underlying index is designed to track the broad-based performance of theU. S.-listed variable rate preferred securities market.
It is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| MS-PA | Morgan Stanley | Financial Services | Capital Markets | 4.48% |
| MSPA | Morgan Stanley Deposit Shs Repr 1/1000th Flt Rate Non Cum Pfd Shs Series - | Other | Other | 4.18% |
| RZC | 7.125% Fixed-Rate Reset Subordinated Debentures due 2052 | 3.94% | ||
| KEY-P-I | KeyCorp Depositary Shares Series E | Other | Other | 3.11% |
| JXN-PA | Jackson Financial Inc. | Financial Services | Insurance - Life | 3.04% |
| ALL-P-B | Allstate Corporation (The) 5.100% Fixed-to-Floating Rate Subordinated Debentures due 2053 | Other | Other | 2.80% |
| USB-PH | U.S. Bancorp | Financial Services | Banks - Regional | 2.80% |
| BANC-PF | Banc of California Inc. | Financial Services | Banks - Regional | 2.77% |
| USBPH | U.S. Bancorp Shs Repr 1/1000th Non-Cum Perpetual Pfd Shs Series -B- | 2.75% | ||
| GSPD | Goldman Sachs Group Inc Deposit Shs Repr 1/1000th Perp Fltg Rate Non Cum Pf | Other | Other | 2.74% |
| JXNPA | Jackson Financial Inc FXDFR PRF PERPETUAL USD 25 - Ser A | 2.67% | ||
| ALLPB | Allstate Corp Pfd | 2.67% | ||
| BANCPF | Banc of California Inc 7.70% PRF PERPETUAL USD - Ser F | 2.63% | ||
| BKPK | Bank of New York Mellon Corp FXDFR PRF PERPETUAL USD 25 - Ser K 1/4000th In | 2.62% | ||
| MET-P-A | MetLife Inc. Preferred Series A Floating Rate | Other | Other | 2.60% |
| GS-PD | The Goldman Sachs Group Inc | Financial Services | Capital Markets | 2.58% |
| KEYPL | KeyCorp FXDFR PRF PERPETUAL USD 25 - Ser H | 2.49% | ||
| METPA | MetLife Inc Floating Rate Non Cum Pfd Registered Shs Series -A- | 2.49% | ||
| FITBI | Fifth Third Bancorp | Financial Services | Banks - Regional | 2.47% |
| SYFPB | Synchrony Financial 8.25% PRF PERPETUAL USD 25 - Dep rep 1/40 Ser B | 2.45% |