AAM Low Duration Preferred and Income… (PFLD) Performance
PFLD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.6% since Dec 31, 2025
- 1 year
- +1.8% total return
- 5 years
- +0.6% a year
- Since first price
- +1.9% a year since 2019
PFLD trailing returns vs SPY, QQQ, AGG
| Period | PFLD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −1.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.9% | −2.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.3% | −3.0% | +7.8% | +8.4% | −1.5% |
| YTD | +1.6% | −2.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +1.8% | −3.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +15.8%+5.0%/yr | −5.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +3.1%+0.6%/yr | −24.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 20, 2019 | +14.2%+1.9%/yr | −23.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PFLD vs SPY
From Nov 20, 2019: PFLD grew to $11,416, SPY to $27,027.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PFLD returns by calendar year
5 of 6 full years positive. Best 2023 (+8.2%), worst 2022 (−12.7%). 2026 is year to date.
PFLD annual returns table
| Year | PFLD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +1.6% | −2.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +1.4% | −6.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.5% | −3.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +8.2% | −10.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.7% | −15.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +4.5% | −1.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.3% | −33.2% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PFLD largest drawdowns
Now 1.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 11, 2020 | −33.2% | Mar 18, 2020 | Nov 10, 2020 | 36 days | 9 months |
| Nov 5, 2021 | −15.5% | May 4, 2023 | Sep 11, 2024 | 1.5 years | 2.9 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PFLD risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +3.8% | +0.6% | +2.0% |
| Volatility (annualized) | 4.9% | 7.0% | 9.2% |
| Sharpe ratio | -0.10 | -0.39 | -0.04 |
| Sortino ratio | -0.14 | -0.54 | -0.05 |
| Best month | +4.9% | +7.2% | +10.2% |
| Worst month | −3.2% | −4.0% | −12.9% |
| Best 12 months | +13.9% | +13.9% | +25.3% |
| Worst 12 months | −0.4% | −13.5% | −13.5% |
| Positive months | 75% | 63% | 65% |
| Beta vs S&P 500 | 0.26 | 0.30 | — |
| Correlation with S&P 500 | 0.67 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PFLD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 72 | −13.5% | +3.0% | +25.3% | 69% |
| 3-year (a year) | 48 | −1.3% | +1.4% | +5.4% | 79% |
| 5-year (a year) | 24 | +0.6% | +1.6% | +5.1% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
PFLD performance overview
AAM Low Duration Preferred and Income… (PFLD) returned +1.8% over the past year and +0.6% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +1.9% a year, turning $10,000 into about $11,416. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.2%, from Feb 11, 2020 to Mar 18, 2020, and it took 8 months to get back to the old high. PFLD finished 5 of its 6 full calendar years with a gain; the best year was 2023 (+8.2%) and the worst 2022 (−12.7%). Volatility has been 9.2% a year.
Related: PFLD chart, PFLD dividends. See the PFLD overview for the latest quote and fund facts.
PFLD performance FAQ
What is the PFLD return over the past year?
PFLD returned +1.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.6%.
What is the average annual return of PFLD?
PFLD has returned +0.6% a year over 5 years, +1.9% a year since November 20, 2019 (total return, distributions reinvested).
How much would $10,000 invested in PFLD be worth?
$10,000 invested in PFLD at its first recorded close on November 20, 2019 would be worth about $11,416 on October 23, 2026 with distributions reinvested.
What was the worst year for PFLD?
The worst calendar year was 2022, with a total return of −12.7%. The best was 2023 at +8.2%.
What is the biggest drawdown of PFLD?
The largest peak-to-trough decline was −33.2% between February 11, 2020 and March 18, 2020. It recovered to the old high on November 10, 2020, 8 months after the bottom.
How volatile is PFLD?
Over the past 3 years PFLD had an annualized volatility of 4.9% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).