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| CurrencyCode | USD |
|---|---|
| Exchange | NYSE ARCA |
| Beta | 0.98 |
|---|---|
| Market Cap | None |
| PE Ratio | None |
| Target Price | None |
| Dividend Yield | None |
The index measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (NYSE) or NASDAQ Capital Market (NASDAQ) with an option-adjusted duration of less than five years. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in preferred and income securities.
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