PFLD

This ETF is designed to mirror the performance of an index primarily composed of specific types of income-generating investments. These investments include publicly traded, U.S. dollar-denominated preferred and hybrid securities that are listed on either the New York Stock Exchange (NYSE) or NASDAQ. A key requirement for inclusion is an option-adjusted duration of under five years, indicating a focus on shorter-term instruments. As a standard investment practice, the fund commits at least 80% of its total net assets, including any capital borrowed for investment, to preferred shares and other income-producing securities.