PFTF ICE U.S. Variable Rate Preferred Securities Index

The Index is designed to track the broad-based performance of the U.S.-listed variable rate preferred securities market. Qualifying preferred securities must be listed on a U.S. exchange, denominated in U.S. dollars, have floating or variable dividends or coupons, and have a minimum amount outstanding of $50 million. Qualifying preferred securities may, however, be issued by non-U.S. companies. Qualifying securities must be issued in $25, $50, $100, or $1000 par/liquidation preference increments, must have a traded market value of greater than $6 million in each of the previous three calendar months, and must have at least one year remaining to maturity. Constituents in the Underlying Index are capitalization-weighted based on their current amount outstanding times the market price plus accrued interest.

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As of 12/07/2021


Index Information
Provider:     ICE (NYSE)
Category1:  Special Security Types
Category2:  Preferred stock
Category3:  U.S.
Currency:    USD
Inception date:  01/01/1900
Backtesting data exists:  
Weighting methodology:   Market capitalization

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