PFLD ETF

AAM Low Duration Preferred and Income Securities ETF holds 209 US-listed hybrid securities with lower sensitivity to interest rate changes. The PFLD ETF is diversified but heavily concentrated in the financial sector, with significant exposure to banks. PFLD has suffered a significant decay in price since its inception, amplified by inflation.

AAM's Low Duration Preferred ETF offers monthly income, diversification, potential tax advantages, and lower interest rate risk compared to common shares. With a 6.54% 30 day SEC yield and 0.46% expense ratio, this ETF is recommended for investors seeking steady income and reduced risk. Preferred shares in PFLD provide fixed dividends, equity status, and higher priority in dividend payments than common shares, with lower default and call risks due to screening process.

AAM Low Duration Preferred and Income Securities ETF offers stable returns and low duration for investors seeking income streams with minimal rate risk. PFLD is the first ETF of its kind, targeting short-duration preferred securities with a duration of less than 5 years. The PFLD fund is heavily diversified and has a high concentration in the banking and financial services sectors, offering attractive relative yield.