iShares S&P U.S. Preferred Stock Index (PFF) Purchased for Conservative Portfolio

By on January 21, 2009

The iShares S&P U.S. Preferred Stock Index (PFF) was purchased today at $24.80 per share with the cash balance available in the conservative portfolio.

According to the iShares website, PFF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index. The expense ratio is 0.48%.

Top Sectors as of 1/16/2009:

87.18% Financials
4.83% Health Care
4.25% Materials
1.57% Consumer Discretionary
0.75% Industrials
0.27% S-T Securities

Top Holdings:

6.04% WELLS FARGO CAP
4.83% SCHERING-PLOUGH
4.71% USB CAPITAL XI
4.25% FREEPORT-MC C&G
4.23% CITIGROUP VIII
4.00% METLIFE INC
3.67% NATL CITY CAP TR
3.25% ABN AMRO CAP VII
3.22% BAC CAPITAL TRUST-7% PFD
3.16% BAC CAP TRUST X

Source:

http://us.ishares.com/product_info/fund/overview/PFF.htm
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