AAM Low Duration Preferred and Income Securities ETF 144A (PFLD)

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AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) is up 2.5% since the beginning of the year. PFLD is currently trading at $20 per share. Investors who bought $1,000 worth of PFLD shares 5 years ago would now be looking at an investment worth $1,051.

AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) has returned 2.48% so far this year and 5.66% over the past 12 months.

Based on dividend-adjusted daily data since Nov 20, 2019, PFLD's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +10.2%, while the worst month was Mar 2020 at -12.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, PFLD closed higher 51% of trading days. The best single day was Mar 19, 2020 with a return of +11.3%, while the worst single day was Mar 18, 2020 at -18.2%.

AAM Low Duration Preferred and Income Securities ETF 144A has an annualized alpha of 3.40%, beta of 0.10, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since November 21, 2019.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (17.46%) than losses (7.87%) - typical of diversified or defensive assets.
• Beta of 0.10 may look defensive, but with R2 of 0.13 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.13 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PFLD has an expense ratio of 0.45%, placing it in the medium range.

PFLD ranks 60 for risk / return — better than 60% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) and compare them to S&P 500 Index.

AAM Low Duration Preferred and Income Securities ETF 144A provided a 5.61% dividend yield over the last twelve months, with an annual payout of $1.10 per share.

The table displays the monthly dividend distributions for AAM Low Duration Preferred and Income Securities ETF 144A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the AAM Low Duration Preferred and Income Securities ETF 144A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AAM Low Duration Preferred and Income Securities ETF 144A was 33.20%, occurring on Mar 18, 2020. Recovery took 165 trading sessions.

The current AAM Low Duration Preferred and Income Securities ETF 144A drawdown is 0.20%.

The chart below shows the rolling one-month volatility.