Convertible Bond/Preferred Stock ETFs

Most of these ETFs invest in preferred bonds or stocks, which has a first claim on assets and earnings than common stocks. These securities make dividend payments, which are set at issuance, along with the par value of the preferred stock. Since preferred stock pays a consistent dividend, much like a bond, but has the possibility for appreciation, like stock, it works as a middle ground for conservative investors. The downside to owning both elements is that generally, preferred stock will not pay yields as great as a bond and will not appreciate as much as a stock. These ETFs are not intended to provide great growth within an investor's portfolio, but are designed to provide income and preserve the principal balance over the investor's estimated lifespan.

B

Category Grade

This category ranks #25 out of 65 ETF categories.

C
Neutral

Avg. SMART Grade

The average cap-weighted SMART Grade for ETFs in this category is C (Neutral).


Fund Symbol/Name Last Open High Low 52-Wk Hi 52-Wk Lo Day Chg YTD Chg 12-Mo Chg AUM Exp. Ratio SMART Grade
PGF
Invesco Financial Preferred ETF
17.38 16.97 17.56 16.97 19.15 12.30 +0.42
(2.48%)
-5.79% -5.70% 1.31B 0.62% B
Buy
PREF
Principal Spectrum Preferred Securities Active ETF
90.13 89.80 90.14 89.76 103.61 76.25 +1.47
(1.66%)
-8.68% -4.80% 43.47M 0.55% B
Buy
EPRF
Innovator S&P High Quality Preferred ETF
21.87 22.20 22.20 21.87 24.85 16.48 +0.24
(1.11%)
-6.34% -6.47% 14.57M 0.47% B
Buy
PFF
iShares U.S. Preferred Stock ETF
32.72 32.00 33.07 31.86 38.33 23.85 +0.92
(2.89%)
-12.41% -10.84% 13.19B 0.46% C
Neutral
PGX
Invesco Preferred ETF
13.47 13.30 13.67 13.19 15.28 9.71 +0.33
(2.51%)
-7.19% -7.68% 4.86B 0.52% C
Neutral
FPE
First Trust Preferred Securities and Income ETF ETF
17.35 17.14 17.38 17.07 20.50 10.40 +0.30
(1.76%)
-11.31% -9.45% 4.29B 0.85% C
Neutral
CWB
SPDR Bloomberg Barclays Convertible Securities ETF
48.98 48.40 49.23 48.07 60.51 39.81 +0.81
(1.68%)
-2.37% -7.69% 3.38B 0.40% C
Neutral
VRP
Invesco Variable Rate Preferred ETF
21.90 21.70 22.67 21.70 26.46 13.33 +0.14
(0.64%)
-12.93% -11.26% 1.32B 0.50% C
Neutral
PSK
SPDR Wells Fargo Preferred Stock ETF
40.09 39.52 40.77 39.51 44.71 28.83 +0.65
(1.65%)
-7.26% -6.18% 946.89M 0.45% C
Neutral
PFXF
VanEck Vectors Preferred Securities ex Financials ETF
17.22 16.80 17.37 16.70 20.68 12.26 +0.56
(3.36%)
-10.68% -11.47% 603.15M 0.41% C
Neutral
PFFD
Global X U.S. Preferred ETF
22.50 21.79 22.87 21.79 25.65 16.21 +0.60
(2.74%)
-7.79% -6.99% 603.14M 0.23% C
Neutral
ICVT
iShares Convertible Bond ETF
55.78 54.52 56.14 54.52 68.96 46.56 +1.75
(3.24%)
1.87% -5.14% 394.57M 0.20% C
Neutral
BSJN
Invesco BulletShares 2023 High Yield Corporate Bond ETF
22.61 22.24 22.66 22.24 26.39 19.98 +0.41
(1.85%)
-12.76% -13.26% 336.58M 0.42% C
Neutral
FPEI
First Trust Institutional Preferred Securities and Income ETF
17.46 17.38 17.47 17.16 20.49 14.09 +0.19
(1.10%)
-11.38% -8.51% 252.93M 0.85% C
Neutral
SPFF
Global X SuperIncome Preferred ETF
9.96 9.78 10.04 9.69 11.99 6.82 +0.28
(2.89%)
-16.07% -14.86% 150.07M 0.58% C
Neutral
FCVT
First Trust SSI Strategic Convertible Securities ETF
29.29 28.98 29.36 28.94 35.72 24.20 +0.60
(2.09%)
2.98% -4.83% 135.41M 0.95% C
Neutral
IPFF
iShares International Preferred Stock ETF
11.11 10.93 11.11 10.90 15.71 8.38 +0.15
(1.37%)
-39.73% -28.51% 26.95M 0.55% C
Neutral
PFFA
Virtus InfraCap US Preferred Stock ETF
14.03 12.99 14.45 12.98 27.00 7.50 +1.47
(11.70%)
-43.77% -45.05% 48.89M 2.13% D
Sell
PFFR
ETFIS Series Trust I ETF
18.85 18.00 19.19 17.95 26.27 11.35 +0.97
(5.43%)
-24.77% -23.03% 34.55M 0.45% D
Sell

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