PRF
Invesco FTSE RAFI US 1000 ETF
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Can weigth by RAFI fundementals, see PRF (large caps) or FNDB (large/mid/small). TSLA/PLTR end up being weighted to nothing cause they suck. APPL/GOOG/META are still at top cause they're solid companies, though not nearly as high as in VOO. I mean no way tech sector undergoes a major correction without entire market going along with it, heh. Highly likely VTI beats out whatever fancy stuff you try.
>Research Affiliates generate a number of indexes (RAFI) used for ETFs and mutual funds that tend to be light on tech/value tilted. Yup, PRF for US and PXF for ex-US very good performance
Look at the fund PRF. It’s not exactly the same, as it tracks 1000 companies instead of 500. But it has Apple and Tesla to a much smaller percentage than VOO does.
I do have PRF and PRFZ which are fundamental index funds (large and small respectively). Where the weighting is based on underlying fundamentals such as cash flow, sales growth, etc. They compare very well historical return wise, although still below spy. They are less volitle.
Just look for any pump and dump schemes and companies that continuously dilute shares. Market cap isn't all it's cracked up to be. It's a fairly arbitrary number. You should look at SPHQ, FNDX, and PRF. They are weighted by profitability and fundamentals
"Now that a fluorine-free foam has been added to the QPL, federal regulations mandate that airport authorities and other government agencies that are required to use MIL-SPEC-qualified products to transition from aqueous film forming foam (AFFF) to fluorine-free. " [https://www.perimeter-solutions.com/en/class-b-foam/3-mil-spec-sfff/](https://www.perimeter-solutions.com/en/class-b-foam/3-mil-spec-sfff/) No mention of how big this whole market is, plus while they might've been the first, there is already a 2nd company providing similar technology; Tempest Technology Corp [https://qpldocs.dla.mil/search/parts.aspx?qpl=4513¶m=MIL-PRF-32725&type=26144](https://qpldocs.dla.mil/search/parts.aspx?qpl=4513¶m=MIL-PRF-32725&type=26144)
BANC-pF - Banc of California, Inc. "F" preferred share (Schwab lists as BANC/PRF). Current price $22.99 with a current $.48 dividend which translates to 8.35% yield.
That's just delisting/liquidation value. Right now Trust Preferred Shares are FV at 48-49$ according to disclosures by Vanguard, BlackRock, Schwab, State Street and other index fund/ETF products they've disclosed stashing these in via NPORT-P filings. [LHHMQ Institutional Ownership and Shareholders - Lehman Brothers Holdings Capital Trust V - 6% PRF REDEEM 22/04/2053 USD 25 - Ser M (OTC) Stock (fintel.io)](https://fintel.io/so/us/lhhmq)
>RAFI I confirmed your assessment. PRF loses to SPY by 8% over a five year period.
There are different factor theories, one major one is based off the Russell 1000 which is the RAFI US 1000. It’s a value- theory one which holds the Russell components but weights them by different metrics (sales, cash flow, operating income, and dividends.) Its not exactly a S&P ex _______ metric, but these are the sorts of products which do exist. There are plenty of index funds which just weight the constituents differently and weighting based on fundamentals is a big one. I don’t know at all if that’s right for you, but reading about these sorts of funds could help your search. That’s PRF. I also know WisdomTree has all sorts of fundamental weighting strategies and literature on those. Just the first company that came to mind, there are plenty of others. Jeremy Siegel, the professor who wrote “Stocks For the Long Run” is there so, you’ll probably see more value weighting concepts as opposed to matching the weighting + exclusions, still Im not trying to suggest any investment, just that reading about these sorts of strategies for portfolio construction might help guide your search. If someone has sufficient funds, however, there are long/short strategies which would accomplish this where an investor buys index funds and shorts the stocks that the investor wants to exclude.
Voya Emerging Market Fund (IHD) — also pays 17% dividends ProShares UltraShort FTSE Europe (EPV) — free float-adjusted market cap weighted index representing the performance of large, mid- and small cap companies in Developed European markets, including the UK. Invesco FTSE RAFI US 1000 (PRF) — is composed of approximately 1,000 common stocks and is designed to track the performance of the largest U.S. companies based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. AQR Large Cap Momentum Style Fund (AMOMX) — The fund pursues a momentum investment style by investing primarily in equity or equity-related securities (including, but not limited to, exchange- traded funds, equity index futures and real estate investment trusts) of large-cap companies traded on a principal U.S. exchange or over-the-counter market that the Adviser determines to have positive momentum.
The bearish Harley Quinns I'm finding today--instead of small, speculative biotechs--are boomer tickers, instead. FNDA, FNDC, FNDF, FNDX (all Schwab Fundamental ETFs). As well as PDN, PRF, PRFZ, PWZ, PXF, PXH (all of them Invesco Portfolio ETFs). Granted, some are related to emerging markets. But for all of these boomers to show up as a Harley Quinn? It tells me the people that invest in those boomers are walking--not yet running--out the door because they feel the music might stop.
Sure. But I don't really consider it an investment. I don't "invest" in bonds either. It's a store of money that pays me a fixed yield. Anyways.. One of my more notable preferreds is Tsakos Energy Series F. You can probably find it under TPN.PRF. Tsakos is an oil and gas maritime shipper. They generate cash, have never missed a payment, yada yada. It's a 9.5% coupon, on the high side since they issued it at a time when they were in a worse financial situation. That's tied to the liquidation value of $25, so $2.375/yr, or $0.594/quarter. That's the amount they'll pay until 2028, so it won't fluctuate. My cost basis is like $24.60 or so, so my yield on cost is a little better, but whatever. The shares are redeemable on or after 7/30/2028, so they'll have the option to buy them back for $25, regardless of whether I paid more or less. They're perpetual, so just because they *can* buy them back, doesn't mean they'll ever *have* to. But if they don't they'll still owe dividends. They're cumulative, so if they ever miss a payment, they have to backpay that before they can buy their shares back, and they won't be able to issue dividends to common shareholders until they get current. I'll note here that companies typically don't buy back their preferreds unless they can issue new preferreds at a lower interest rate, and basically swap them out 1 for 1. I chose them specifically because they have a different structure that you'll see occasionally, usually in banking. After their 7/30/2028 payment, their dividend switches from a flat 9.5% to 6.54% plus a rate equal to the USD 3 month LIBOR, which is the international rate banks will loan money to each other at. So it will vary quarter to quarter and year to year based on interest rates. That's pretty much it. I own some Bank of America, and some Global Ship Lease, but all combined it's not like a huge portion of my wealth. Like I said, I don't consider it an investment, it's just a stable cash generating holding with at least a little more downside protection vs common stock, if not quite as secure as a true bond. I like the comfort in knowing that dividends aside, I forever own $25 worth of the company, and that if SHTF, I'm ahead of common stock in getting my money back.