iShares Preferred and Income Securities ETF
Data as of October 30, 2026. PFF closed at $28.47.
PFF holds preferred stocks and hybrid securities, mostly issued by banks and insurers. These pay fixed-like monthly income above most bonds but rank below them if the issuer gets into trouble.
| Issuer | BlackRock iShares |
|---|---|
| Strategy | Tracks the ICE Exchange-Listed Preferred & Hybrid Securities Index |
| Category | Preferred stock |
| Inception | March 26, 2007 |
| Annualized total return | -1.3% over one year, +5.5% a year over three years, +0.4% a year over five years |
| Main risk | Concentrated in financial issuers and sensitive to interest rates. |
| Year | Paid per share | Change |
|---|---|---|
| 2026 (to date) | $1.22 | — |
| 2025 | $1.95 | -2.0% |
| 2024 | $1.99 | -3.9% |
| 2023 | $2.07 | +13.1% |
| 2022 | $1.83 | +4.6% |
| 2021 | $1.75 | — |
| Recent ex-date | Amount |
|---|---|
| October 1, 2026 | $0.159 |
| September 1, 2026 | $0.147 |
| August 3, 2026 | $0.142 |
| July 1, 2026 | $0.142 |
| June 1, 2026 | $0.138 |
| May 1, 2026 | $0.140 |
Per-share cash distributions, adjusted for splits. Includes special and capital-gains distributions. Confirm exact amounts with BlackRock iShares.
| Holding | Weight |
|---|---|
| Strategy Inc VR PRF PERPETUAL USD 100 - Ser A | 3.4% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | 3.4% |
| Super Micro Computer Inc PRF PERPETUAL USD - 1/20th Int Ser A | 2.5% |
| Hewlett Packard Enterprise Co 7.625% PRF CONVERT 01/09/2027 USD 50 - Ser C | 2.4% |
| Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser A | 2.4% |
| Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser B | 2.3% |
| Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- | 2.1% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | 1.5% |
| BlackRock Cash Funds Treasury SL Agency | 1.3% |
| Ticker | Yield | Expense Ratio | Pays | 1Y Return | 3Y Return |
|---|---|---|---|---|---|
| JEPI | 7.93% | 0.35% | Monthly | +6.6% | +10.0% |
| HYG | 6.07% | 0.49% | Monthly | +1.1% | +7.7% |
| PFF | 5.73% | 0.45% | Monthly | -1.3% | +5.5% |
| BND | 4.11% | 0.03% | Monthly | -1.8% | +4.0% |
Returns assume distributions are reinvested; periods over one year are annualized.
5.73% on a trailing 12-month basis as of October 30, 2026: $1.63 of distributions per share on a $28.47 price. That is about $573 a year on a $10,000 investment. The yield moves with the share price and with each payment.
Yes. PFF pays every month. The most recent ex-dividend date in our data was October 1, 2026, at $0.159 per share.
0.45% a year, or about $45 per $10,000 invested. The cost is taken from the fund's assets, so you never see it as a separate charge.
A mix of qualified dividends and interest income, depending on the securities held.
The default preferred-stock fund for monthly income above bond yields. The main risk: concentrated in financial issuers and sensitive to interest rates. This is general information, not personal advice.