Principal Spectrum Preferred Securities Active ETF
Principal Spectrum Preferred Securities Active ETF (AMEX: PREF) is an exchange-traded fund listed on NYSE Arca, trading at $18.35 (about ₹1,763 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.55% and holds 159 securities. Indian residents can buy PREF through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$18.33
Today's high
$18.41
52 week low
$18.33
52 week high
$19.32
PREF opened at $18.41, closed previously at $18.39, and has traded between $18.33 and $19.32 over the past 52 weeks.
About
The Fund seeks to provide current income. The Fund invests at least 80% of its net assets in preferred securities particularly focusing on securities known as $1,000 par preferred securities, issued in large, institutional lot sizes, typically by U.S. and non-U.S. financial services companies and other corporations.
Key statistics
Expense ratio
0.55%
Assets (AUM)
$1.8B
Holdings
159
NAV
$18.40
Avg. volume
—
1-year price change
-4.13%
5-year price change
-11.44%
Price change excludes dividends.
Top 10 holdings
PREF holds 159 securities in total. These 10 are 19.5% of the fund.
Where the money is invested
Countries
How to buy PREF from India
Indian residents can buy PREF units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PREF and buy
Find the fund by its ticker, PREF, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PREF from India
Trading and taxes when buying PREF from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PREF price today?
Principal Spectrum Preferred Securities Active ETF (PREF) last traded at $18.35 on NYSE Arca, as of 29 Sep 2026, 4:00 PM ET. That is ₹1,763 a unit at the 28 Sep 2026 USD/INR rate.
When does PREF trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PREF, and what does it cost to hold?
Principal Spectrum Preferred Securities Active ETF manages about $1.8B. Its expense ratio is 0.55% a year, deducted inside the fund. It launched in 2017.
What are PREF's largest holdings?
The top three are BANK OF AMERICA CORP JR SUBORDINA 12/99 VAR (2.7%), ENBRIDGE INC SUBORDINATED 01/84 VAR (2.3%) and METLIFE INC SUBORDINATED 03/56 VAR (2.2%). PREF's 10 largest positions make up 19.5% of the fund.
Does PREF pay dividends?
Yes. PREF is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on PREF taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of PREF?
Yes. You can buy PREF by amount rather than by whole unit, and there is no minimum trade size.
How has PREF performed?
PREF's price is down 4.1% over the past year and down 11.4% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.