PFF's largest holdings are THE BOEING COMPANY, SUPER MICRO COMPUTER, INC., HEWLETT PACKARD ENTERPRISE COMPANY, Oracle Corp, ALPHABET INC. The full top list is on this page.

How concentrated is PFF?

The top 10 holdings are 17.3% of the fund, across 461 positions.

The total expense ratio on record is 0.45%. That is cheaper than 56% of the 2,564 US-listed equity funds we track.

Which sectors dominate PFF?

By weight of its equity holdings: Financial Services 46.6%, Technology 12.8%, Industrials 12.3%.

What is PFF's P/E ratio?

Computed from company annual reports and filed position values, PFF's weighted price-to-earnings ratio is 6.3, covering 59% of the fund by weight. The weighted price-to-book ratio is 0.41.

US-listed · United States

PFF

The Fund seeks to track the investment results of an index composed of U.S. dollar-denominated preferred and hybrid securities.

iShares Preferred and Income Securities ETF

US4642886877 · IRU1 · BlackRock (iShares)

461 holdings as of 2026-09-11 · top 10 = 17.3% · TER 0.45% · P/E 6.3

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Concentration

Well diversifiedtop 10 = 17.3%

diversifiedconcentrated

GROWTH · PRICE DEVELOPMENTrebased to 0%

Holdings

461

as of 2026-09-11

Top 10

17.3%

TER

0.45%

cheaper than 56% of peers

Net assets

US$12.7B

reported in USD

Largest

3.6%

P / E

6.3

covers 59% by weight

Sections

Holdings as of 2026-09-11.

01Overview

the fund's regulatory facts

Fund currency

USD

Domicile

United States

Volatility 1Y

7.6%

Tracked index

ICE Exchange-Listed Preferred & Hybrid Securities Index (USD)

How it tracks

Index, sampling

Lends its stock

Yes

02Valuation and performance

market price return · as of 2026-09-17

-1.1%

-3.5%

-1.9%

YTD

-2.7%

-6.1%

Trackingfund minus ICE Exchange-Listed Preferred & Hybrid Securities Index (USD) · annualised

1Y return gap

-0.35 pp/yr

3Y return gap

-0.44 pp/yr

5Y return gap

-0.41 pp/yr

3Y tracking error

0.14%

A positive return gap means the fund finished ahead of the index over that window. The 3Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

Valuation160 companies covered · weighted, profitable holdings only

6.3

price / earnings

11.1%

covers 71% by weight

0.41

price / book

covers 74% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings

50 largest · as of 2026-09-11

#	Company	Identifier	Weight
1	THE BOEING COMPANY US	BA	3.6
2	SUPER MICRO COMPUTER, INC. US	SMCI	2.4
3	HEWLETT PACKARD ENTERPRISE COMPANY US	HPE	2.3
4	Oracle Corp US	ORCL	2.3
5	ALPHABET INC US	GOOGL	2.3
6	Albemarle Corp US	ALB US	1.1
7	NextEra Energy Inc US	NEE	1.0
8	MICROCHIP TECHNOLOGY INCORPORATED US	MCHP	0.9
9	BRIGHTSPRING HEALTH SERVICES, INC. US	BTSG	0.8
10	NEXTERA ENERGY UNITS US	NEE	0.7
11	ARES MANAGEMENT CORPORATION US	ARES	0.6
12	BLK CSH FND TREASURY SL AGENCY US	XTSLA	0.6
13	PG&E CORPORATION US	PCG	0.5
14	BRUKER CORPORATION US	BRKR	0.5
15	PPL CORPORATION US	PPL	0.5
16	AT&T Inc US	T	0.4
17	ATHENE HOLDING DS REPRESENTING P US	ATH	0.4
18	Xcel Energy Inc. US	XEL	0.4
19	STRIVE INC US	ASSE	0.4
20	NOVANTA TANGIBLE EQUITY UNITS US	NOVTV	0.4
21	Strategy Inc US	MSTR	0.4
22	M T BK DEP INT PERP PFD STK SER J US	MTB	0.4
23	CITIGROUP INC. US	C	0.4
24	REINSURANCE GROUP OF AMERICA, INCORPORATED US	RGA	0.3
25	AEGON FUNDING CORPORATION II NL	AEGON	0.3
26	JPMorgan Chase & Co US	JPM	0.3
27	Apollo Global Management Inc US	APO	0.3
28	SEMPRA US	SRE	0.3
29	SHIFT4 PAYMENTS INC US	FOUR	0.3
30	Wells Fargo & Co US	WFC	0.3
31	ATHENE HOLDING LTD US	ATH	0.3
32	Jackson Financial Inc US	JXN	0.3
33	CHS CUMULATIVE REDEEMABLE PREF CLA US	CHSINC	0.3
34	NEXTERA ENERGY CAPITAL HOLDINGS IN US	NEE	0.3
35	SYNCHRONY FINANCIAL US	SYF	0.3
36	SCE TRUST VII US	EIX	0.3
37	LINCOLN NATIONAL CORPORATION US	LNC	0.3
38	Telephone and Data Systems Inc US	TDS	0.3
39	Banc of California Inc US	BANC	0.3
40	METLIFE, INC. US	MET	0.2
41	Ford Motor Co US	F	0.2
42	ATHENE HLDG LTD DEP SHR REPSTG I US	ATH	0.2
43	COREBRIDGE FINANCIAL, INC. US	CRBG	0.2
44	REGIONS FINANCIAL CORPORATION US	RF	0.2
45	The Bank of New York Mellon Corporation US	BK	0.2
46	NEW YORK COMMUNITY BANCORP INT FXD US	FLG	0.2
47	CHS RESET RATE CUMULATIVE REDEEMAB US	CHSINC	0.2
48	VSE CORPORATION US	VSEC	0.2
49	QXO, Inc. US	QXO	0.2
50	BROOKFIELD PROPERTY PREFERRED PREF US	BPY	0.2

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04Exposure

Equity 98.4%Bonds 1.0%Cash 0.6%

By sector

Financial Services46.6%

Technology12.8%

Industrials12.3%

Utilities10.6%

Real Estate4.0%

Communication Services2.4%

Healthcare1.3%

Consumer Cyclical1.1%

Materials1.1%

By country

USUnited States96.5%

BMBermuda2.2%

CACanada0.8%

NLNetherlands0.3%

GBUnited Kingdom0.1%

PRPR0.1%

CurrencyUSD 98.7% CAD 0.8% EUR 0.3% GBP 0.1%

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