PFF – iShares Preferred&Income Securities ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results of the ICE Exchange-Listed Preferred & Hybrid Securities Index, which measures the performance of a select group of exchange-listed, U.S. dollar-denominated preferred securities, hybrid securities and convertible preferred securities listed on the NYSE or NASDAQ. The fund may invest at least 80% of its assets in the component securities of its underlying index and and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PFF	iShares Preferred and Income Securities ETF	ETF	Open		—	Mar 26, 2007	$11.98B	0.450%	—	—	−$1.98B

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