VanEck Preferred Securities ex Financials ETF

VanEck Preferred Securities ex Financials ETF is an exchange-traded fund that provides targeted exposure to preferred securities issued predominantly by non-financial companies. The fund tracks an index of exchange-listed fixed and adjustable-rate preferred securities, intentionally excluding banks and other traditional financial institutions to reduce sector concentration in financials. Its portfolio spans sectors such as utilities, real estate, energy, and industrials, offering diversified access to hybrid securities that sit between debt and equity in the issuers’ capital structures. By focusing on preferred securities, the ETF reflects a segment of the credit markets characterized by contractual distributions and distinct interest-rate and credit-risk profiles compared with common equity. Launched in 2012, VanEck Preferred Securities ex Financials ETF has grown to a multibillion-dollar asset base, underscoring its role as a specialized tool for investors seeking exposure to the preferred market while structurally limiting financial-sector exposure.