ETF Quote Details
|NAV (month end)||14.07|
|Premium (+)/Discount (-) (month end)||+0.04|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.90 (6.42%)|
This Index is a market capitalization-weighted index designed to reflect the total return performance of the fixed rate U.S. dollar-denominated preferred securities market.The Index includes traditional preferred securities & other preferred securities, including preferred securities issued by foreign companies in the form of American Depository Shares.
It is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. It invests at least 90% of its assets in securities comprising the Index which is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis.