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PFFD

U.S. Preferred ETF

 

Reasons to Consider PFFD

High Income Potential

PFFD invests in a broad basket of preferred stock in the U.S., an asset class that has historically offered high yield potential.

Low Expense Ratio

PFFD’s expense ratio is less than half the competitor average.1

Monthly Distributions

PFFD has made monthly distributions 6 years running.

1Expense ratio was 52.2% lower than the competitor average net expense ratio as of 7/1/24, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Key Information As of 07/26/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.33 billion
NAV $19.77
Fact Sheet View the document

ETF Summary

The Global X U.S. Preferred ETF (PFFD) invests in a broad basket of U.S. preferred stocks, providing benchmark-like exposure to the asset class.

ETF Objective

The Global X U.S. Preferred ETF (PFFD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofA Diversified Core U.S. Preferred Securities Index.

Trading Details As of 07/25/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 117,750,000
Number of Holdings 213
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.A as of 03/31/24

Distributions As of 07/26/24

30-Day SEC Yield 6.38%
12-Month Trailing Yield 6.54%
Distribution Yield 6.25%
Distribution Frequency Monthly

ETF Prices As of 07/26/24

NAV $19.77 Daily Change $0.07 0.36%
Market Price $19.82 Daily Change $0.12 0.61%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 8.12% 8.33% 8.38%
3 Years -3.38% -3.42% -3.20%
5 Years 1.45% 1.38% 1.62%
Since Inception 2.19% 2.24% 2.38%
1 Year 8.12% 8.33% 8.38%
3 Years -3.38% -3.42% -3.20%
5 Years 1.45% 1.38% 1.62%
Since Inception 2.19% 2.24% 2.38%
Year-to-Date 4.11% 4.16% 4.18%
1 Month -0.08% 0.07% -0.08%
3 Months -0.72% -0.82% -0.70%
Since Inception 15.86% 16.30% 17.32%
Year-to-Date 4.11% 4.16% 4.18%
1 Month -0.08% 0.07% -0.08%
3 Months -0.72% -0.82% -0.70%
Since Inception 15.86% 16.30% 17.32%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 07/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.01 WFC WFC 7 1/2 PERP B3KRSW9 1,191.11 78,444 93,435,432.84
2.80 BAC BAC 7 1/4 PERP B2PB3Z7 1,209.99 53,926 65,249,920.74
2.21 C C 11.949 10/30/40 B3Z1BZ0 29.12 1,766,334 51,442,930.44
1.77 ALB ALB 7 1/4 03/01/27 BPCTR42 44.90 914,857 41,077,079.30
1.62 APO APO 6 3/4 07/31/26 BQVW6Z3 66.83 563,495 37,658,370.85
1.58 JPM JPM 6 PERP BJ2KBT6 25.31 1,455,271 36,832,909.01
1.49 NEE NEE 6.926 09/01/25 BQV3827 43.40 796,301 34,559,463.40
1.44 JPM JPM 5 3/4 PERP BFY34D0 25.11 1,336,585 33,561,649.35
1.38 WFC WFC 4 3/4 PERP BJVB6B7 20.37 1,581,118 32,207,373.66
1.33 JPM JPM 4 5/8 PERP BND7XB0 21.22 1,459,644 30,973,645.68
1.32 JPM JPM 4.2 PERP BN75VC7 19.45 1,574,916 30,632,116.20
1.19 T T 4 3/4 PERP BLL1ZY7 20.12 1,373,820 27,641,258.40
1.07 JPM JPM 4.55 PERP BM8TGF9 21.06 1,182,708 24,907,830.48
1.04 GS GS 6.25718 PERP B15CKS5 22.75 1,059,632 24,106,628.00
1.03 T T 5.35 11/01/66 BF545Q2 22.86 1,049,938 24,001,582.68
1.02 BAC BAC 6 PERP BFZNM46 25.19 943,692 23,771,601.48
1.01 COF COF 5 PERP BGMJPW3 19.85 1,181,763 23,457,995.55
0.97 BAC BAC 5 3/8 PERP BJN6RX9 23.31 967,426 22,550,700.06
0.88 MS MS 6 1/2 PERP BQH5ZL5 25.64 800,402 20,522,307.28
0.87 T T 5 PERP BKPK060 21.16 952,506 20,155,026.96
0.86 BAC BAC 5 PERP BKVJXF1 22.07 910,150 20,085,372.23
0.86 ALL ALL 5.1 PERP BKDKS91 21.92 912,889 20,010,526.88
0.86 MS MS 6.26298 PERP B1802M4 22.51 883,986 19,898,524.86
0.85 DUK DUK 5 3/4 PERP BJXH6L3 25.12 790,613 19,860,198.56
0.85 MS MS 6 3/8 PERP BQT2G00 24.92 790,613 19,702,075.96
0.83 MS MS 4 1/4 PERP BMF4W82 18.78 1,033,610 19,411,195.80
0.83 MS MS 5.85 PERP BYYYY81 24.36 793,905 19,343,336.54
0.81 COF COF 4.8 PERP BK9PWX2 19.04 995,058 18,945,904.32
0.81 BAC BAC 6.45 12/15/66 BF2PL60 25.71 732,172 18,824,142.12
0.80 WFC WFC 4.7 PERP BMYVT83 20.40 917,927 18,725,710.80
0.79 WFC WFC 4 1/4 PERP BP91X65 18.64 984,045 18,342,598.80
0.75 SO SO 4.95 01/30/2080 BKM3QB9 22.30 787,387 17,559,222.22
0.75 USB USB 6.16298 PERP B125QN4 21.88 795,792 17,411,928.96
0.75 MS MS 7 1/8 PERP BF4YJ94 25.28 687,497 17,379,924.16
0.73 MS MS 6 7/8 PERP BH5QGM5 25.22 677,494 17,086,398.68
0.73 BAC BAC 4 1/4 PERP BMH4QB1 18.75 905,683 16,981,556.25
0.72 ATH ATH 6.35 PERP BPSKDY1 24.26 693,066 16,813,781.16
0.70 MET MET 4 3/4 PERP BL3BQ19 20.58 789,785 16,253,775.30
0.68 WFC WFC 4 3/8 PERP BL5C513 19.24 825,028 15,873,456.22
0.67 AEGON AEGON 5.1 12/15/49 BK59DD5 21.15 734,407 15,532,708.05
0.67 T T 5 5/8 08/01/67 BDDJDF0 23.84 648,949 15,470,944.16
0.66 MET MET 5 5/8 PERP BG43LW5 24.25 631,922 15,324,108.50
0.66 JPM JPM 4 3/4 PERP BK57WX2 21.66 707,182 15,317,562.12
0.64 F F 6 12/01/59 BJP1KW2 23.65 629,898 14,897,087.70
0.64 SCHW SCHW 5.95 PERP BYPFT55 25.08 589,423 14,782,728.84
0.63 TFC TFC 4 3/4 PERP BLD4B13 20.28 728,177 14,767,429.56
0.63 BAC BAC 5 7/8 PERP BYVQZ09 24.93 586,288 14,616,159.84
0.63 BAC BAC 4 3/8 PERP BMVXBP3 19.35 753,587 14,581,908.45
0.62 SRE SRE 5 3/4 07/01/2079 BK8LV34 23.89 598,901 14,307,744.89
0.61 RGA RGA 7 1/8 10/15/52 BMG9SY4 25.92 550,550 14,270,256.00
0.61 F F 6.2 06/01/59 BJ029D4 23.92 593,478 14,196,053.11
0.61 EQH EQH 5 1/4 PERP BKRMRC9 22.00 643,009 14,146,198.00
0.59 GS GS 6.33718 PERP B07GC93 22.93 602,584 13,817,251.12
0.57 NEE NEE 5.65 03/01/2079 BH3JGK4 24.64 540,578 13,319,841.92
0.56 WFC WFC 5 5/8 PERP BYQHXS1 23.84 542,014 12,921,613.76
0.55 ALL ALL 7 3/8 PERP BNBXR41 26.81 478,015 12,815,582.15
0.54 APO APO 7 5/8 09/15/53 BQC5ZW1 26.64 471,336 12,556,391.04
0.52 CMS CMS 5 7/8 03/01/2079 BJJP666 24.41 493,416 12,041,817.48
0.51 F F 6 1/2 08/15/62 BPJK038 25.26 469,412 11,857,347.12
0.51 SO SO 4.2 10/15/60 BMGS0L2 20.12 588,887 11,848,406.44
0.51 ATH ATH 6 3/8 PERP BMG0ZK2 25.05 471,785 11,818,214.25
0.50 SYF SYF 5 5/8 PERP BK77YC3 19.85 585,951 11,631,127.35
0.49 EIX EIX 7 1/2 PERP BLFB156 26.55 432,428 11,480,963.40
0.49 MET MET 6.60083 PERP B0B87W3 24.23 471,157 11,416,134.11
0.49 BAC BAC 4 1/8 PERP BN4Q1G7 18.16 628,520 11,413,923.20
0.49 ATH ATH 7 1/4 03/30/64 BSLKYN5 25.22 451,067 11,375,909.74
0.49 JXN JXN 8 PERP BMW6VL7 26.30 431,419 11,346,319.70
0.47 PRU PRU 5 5/8 08/15/58 BG844G9 24.69 442,471 10,924,608.99
0.47 LNC LNC 9 PERP BP398R1 27.79 391,037 10,866,918.23
0.47 KEY KEY 6.2 PERP BPLPQT9 23.06 470,351 10,846,294.06
0.46 USB USB 5 1/2 PERP BDT6C58 23.75 449,585 10,677,643.75
0.45 USB USB 4 PERP BMFDGD2 17.70 597,162 10,569,767.40
0.44 ATH ATH 7 3/4 PERP BPLKV33 26.15 392,699 10,269,078.85
0.44 TFC TFC 5 1/4 PERP BMFYGG8 22.66 449,713 10,190,496.58
0.44 ALL ALL 8.69017 01/15/53 B87XV26 25.72 393,739 10,126,967.08
0.43 SYF SYF 8 1/4 PERP BSNWT01 25.58 392,966 10,052,070.28
0.43 DUK DUK 5 5/8 09/15/2078 BFNR2X9 25.12 395,331 9,930,714.72
0.42 BAC BAC 4 3/4 PERP BN7SQB0 20.87 472,842 9,868,212.54
0.42 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 62.65 156,833 9,825,587.45
0.42 TDS TDS 6 PERP BNSNM38 18.09 537,808 9,728,946.72
0.42 USB USB 6.58298 PERP B617Z40 866.00 11,208 9,706,128.00
0.42 QRTEV QRTEA 8 03/15/31 BMH2T16 38.00 255,139 9,695,282.00
0.41 SCHW SCHW 4.45 PERP BMW32F9 20.34 468,405 9,527,357.70
0.41 STT STT 5.35 PERP BYPK477 24.25 392,730 9,523,702.50
0.41 AXS AXS 5 1/2 PERP BD2Z8N2 21.75 437,165 9,508,338.75
0.41 COF COF 4 3/8 PERP BMX47S9 18.01 526,259 9,477,924.59
0.40 FITB FITB 9.29621 PERP BH58353 26.11 353,764 9,236,778.04
0.40 RF RF 5.7 PERP BJMXZX7 23.66 389,747 9,221,414.02
0.40 KEY KEY 6 1/8 PERP BYQR0N5 23.65 389,651 9,213,921.34
0.39 PSA PSA 4 5/8 PERP BLFGL51 20.53 442,562 9,085,797.86
0.39 AMG AMG 6 3/4 03/30/64 BSLL7L7 25.26 358,882 9,065,359.32
0.38 USM USM 6 1/4 09/01/69 BMGR6C2 22.72 391,986 8,905,921.92
0.37 MS MS 4 7/8 PERP BK6JGG8 22.35 389,929 8,714,913.15
0.37 BHF BHF 5 3/8 PERP BN0TD19 19.20 449,534 8,631,052.80
0.36 ATH ATH 4 7/8 PERP BMC8G63 18.62 451,861 8,413,651.82
0.36 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 15.84 530,424 8,401,916.16
0.36 PSA PSA 4 PERP BM91SN6 17.70 470,596 8,329,549.20
0.36 USM USM 5 1/2 03/01/70 BN7J7C1 20.88 396,886 8,286,979.68
0.36 USM USM 5 1/2 06/01/70 BNMBT60 20.88 395,789 8,264,074.32
0.36 SO SO 5 1/4 12/01/2077 BF0WD23 23.55 350,756 8,260,303.80
0.35 TPG TPG 6.95 03/15/64 BRC7MJ0 25.85 313,511 8,104,259.35
0.34 CTL CTL 6 1/2 09/01/56 BZ4C835 10.38 765,798 7,948,983.24
0.34 ESGR ESGR 7 PERP BFXXB52 25.39 312,920 7,945,038.80
0.34 RGA RGA 5 3/4 06/15/56 BYT3Q98 25.20 313,296 7,895,059.20
0.34 BHF BHF 6 3/4 PERP BM9JJ93 24.68 315,872 7,795,720.96
0.33 BHF BHF 6.6 PERP BJ0M332 23.22 333,838 7,751,718.36
0.33 NYCB NYCB 6 3/8 PERP BYVLYP2 19.23 401,952 7,729,536.96
0.33 PRU PRU 4 1/8 09/01/60 BLB2465 19.57 392,488 7,680,990.16
0.33 KKR KKR 4 5/8 04/01/61 BN2D5N5 19.65 388,971 7,643,280.15
0.33 BTSG BTSG 6 3/4 02/01/27 BPDYYD4 48.22 158,104 7,623,774.88
0.33 ACGL ACGL 4.55 PERP BNYBNX3 19.48 390,909 7,614,907.32
0.33 KEY KEY 5 5/8 PERP BJHDLJ0 21.31 356,256 7,591,815.36
0.32 DTE DTE 5 1/4 12/01/2077 BF3L703 23.69 311,360 7,376,118.40
0.32 CFG CFG 5 PERP BK229B7 20.65 356,310 7,357,801.50
0.32 EIX EIX 5 PERP BDC3P68 19.90 369,656 7,356,154.40
0.31 HBAN HBAN 4 1/2 PERP BKPLQ32 18.41 396,866 7,306,303.06
0.31 CG CG 4 5/8 05/15/61 BMHV4X0 18.67 389,357 7,269,295.19
0.31 ETR ETR 4 7/8 09/01/66 BZC0L09 22.12 325,378 7,197,361.36
0.31 KEY KEY 5.65 PERP BYWLBZ0 21.63 332,720 7,196,733.60
0.31 USB USB 4 1/2 PERP BMC7GV5 20.13 355,378 7,153,759.14
0.31 FG FG 7.95 12/15/53 BNKG9F6 26.26 270,687 7,108,240.62
0.30 RNR RNR 4.2 PERP BKSDN56 18.18 388,286 7,059,039.48
0.30 TDS TDS 6 5/8 PERP BMDKP83 20.24 341,206 6,904,303.41
0.30 HIG HIG 6 PERP BF5J7D8 25.06 273,929 6,864,660.74
0.29 BHF BHF 6 1/4 09/15/58 BF5JWJ9 22.98 297,749 6,842,272.02
0.29 USB USB 3 3/4 PERP BMFV904 16.78 398,820 6,692,199.60
0.28 NTRS NTRS 4.7 PERP BKFVZR9 20.81 316,862 6,593,898.22
0.28 HBAN HBAN 6 7/8 PERP BQMS207 24.98 257,993 6,444,665.14
0.28 RLJ RLJ 1.95 PERP BF2N465 25.11 255,511 6,415,881.21
0.27 PBI PBI 6.7 03/07/43 B9CDPW6 18.71 337,268 6,310,284.28
0.27 EIX EIX 5 3/8 PERP BYX6KN5 24.31 256,188 6,227,930.28
0.27 PRU PRU 5.95 09/01/62 BQB5JR5 25.89 238,199 6,166,972.11
0.26 PSA PSA 4 PERP BMQ85K6 17.81 344,475 6,135,099.75
0.26 COF COF 4 1/4 PERP BMHJZD1 17.46 349,711 6,105,814.18
0.26 DLR DLR 5.2 PERP BKLXG10 21.85 273,929 5,985,348.65
0.26 CTL CTL 6 3/4 06/15/57 BD2ZSL0 10.78 551,934 5,949,848.52
0.26 ATH ATH 5 5/8 PERP BKWG6L8 21.64 273,929 5,927,823.56
0.26 FCNCA FCNCA 5 3/8 PERP BLHLTL6 21.97 269,733 5,926,034.01
0.25 PSA PSA 5.6 PERP BGMHQB3 24.90 237,855 5,922,589.50
0.25 WTFC WTFC 6 7/8 PERP BMTCNN4 24.76 238,588 5,907,438.88
0.25 B 08/01/24 BNRPV61 1.00 5,900,000 5,897,404.35
0.25 AEL AEL 6 5/8 PERP BRRG5W6 24.97 235,383 5,877,513.51
0.25 VOYA VOYA 5.35 PERP BJGS497 25.04 234,160 5,863,366.40
0.25 UNM UNM 6 1/4 06/15/58 BFYF0S3 24.93 235,171 5,862,813.03
0.25 ACGL ACGL 5.45 PERP BF956G8 22.57 255,860 5,774,760.20
0.25 EIX EIX 5.45 PERP BYQ69C4 24.67 232,243 5,728,273.60
0.25 ASB ASB 6 5/8 03/01/33 BMX3XP5 23.81 240,048 5,716,503.07
0.24 AHL AHL 5.52517 PERP B94QMV1 26.39 215,626 5,690,370.14
0.24 RF RF 4.45 PERP BP2C5M5 18.03 313,271 5,648,276.13
0.24 AMG AMG 5 7/8 03/30/59 BJVJZF8 22.62 246,970 5,586,461.40
0.24 OTHER PAYABLE & RECEIVABLES 1.00 5,547,755 5,547,755.42
0.24 PSA PSA 4 7/8 PERP BK598B8 22.04 249,379 5,496,313.16
0.23 EIX EIX 8.59083 PERP BK74GK6 25.23 215,580 5,438,005.50
0.23 PSA PSA 5.05 PERP BF7PKX5 22.98 236,034 5,424,061.32
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 24.19 221,962 5,369,260.78
0.23 SO SO 5 10/01/2077 BZ60HT6 25.01 213,754 5,345,987.54
0.22 MTB MTB 5 5/8 PERP BPQT641 24.68 210,270 5,188,937.93
0.22 PSA PSA 5.15 PERP BYZ2PF8 23.42 219,084 5,130,947.28
0.22 BAC NEW YORK BAC 5.93399 PERP B1GH4Y3 23.78 214,565 5,102,355.70
0.22 AL AL 9.24088 PERP BJR4L26 25.70 198,443 5,099,985.10
0.22 NRUC NRUC 5 1/2 05/15/64 BJBL059 24.64 206,911 5,098,287.04
0.22 WRB WRB 5.1 12/30/59 BJBK4B0 21.60 232,024 5,011,718.40
0.22 OZK OZK 4 5/8 PERP BNTYXM6 17.51 285,736 5,003,237.36
0.21 ETR ETR 4 7/8 09/01/66 BD0S963 22.12 222,517 4,922,076.04
0.21 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 12.33 395,868 4,881,052.44
0.21 BAC BAC 6.2475 PERP B06H0T3 22.44 217,303 4,876,279.32
0.21 BHF BHF 4 5/8 PERP BNRLZ01 16.46 295,180 4,858,662.80
0.21 ETR ETR 4.9 10/01/66 BD5NDN8 22.70 212,695 4,828,176.50
0.21 SR SR 5.9 PERP BJV8KN8 23.89 201,901 4,823,414.89
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 20.48 234,671 4,806,062.08
0.20 WAL WAL 4 1/4 PERP BNZJSP3 19.85 236,296 4,690,475.60
0.20 RNR RNR 5 3/4 PERP BFMZ665 23.71 192,447 4,562,918.37
0.20 NAVI NAVI 6 12/15/43 BDRW5R1 19.64 231,367 4,544,047.88
0.20 BC BC 6 3/8 04/15/49 BJT13Z2 24.85 182,613 4,538,188.71
0.20 TVA TVA 2.134 06/01/28 2612674 22.95 197,347 4,529,074.18
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 15.82 277,738 4,394,815.02
0.19 DTE DTE 4 3/8 12/01/2081 BNQNFS6 20.26 215,367 4,363,335.42
0.18 EQH EQH 4.3 PERP BMF1DS0 18.48 231,756 4,282,850.88
0.18 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 21.31 198,443 4,228,820.33
0.18 BIP BIP 5 1/8 PERP BPVC0M1 17.72 238,199 4,221,362.68
0.18 HPP HPP 4 3/4 PERP BP38WQ5 12.62 331,267 4,180,589.54
0.18 PSA PSA 4.7 PERP BK72JQ7 20.81 198,696 4,134,863.76
0.18 PSA PSA 4 3/4 PERP BKSD8W8 21.03 195,681 4,115,171.43
0.18 SPNT SPNT 8 PERP BMB63G7 25.49 160,150 4,082,223.50
0.17 DLR DLR 5.85 PERP BJR2164 24.59 163,707 4,025,555.13
0.17 AMG AMG 4 3/4 09/30/60 BN0VM18 18.95 210,484 3,988,671.80
0.17 VNO VNO 5 1/4 PERP BF5LLD2 15.67 253,495 3,970,999.18
0.17 SF SF 5.2 10/15/47 BD9FPT0 22.13 178,650 3,953,524.50
0.17 AHL AHL 5 5/8 PERP BKDJPD1 20.08 191,290 3,841,103.20
0.16 TVA TVA 2.216 05/01/29 2520249 22.67 168,437 3,818,466.79
0.16 WRB WRB 5.7 03/30/58 BFMXK34 24.56 154,647 3,798,130.32
0.16 GS GS 6.33718 PERP B0N0V47 23.92 156,914 3,753,382.88
0.16 VNO VNO 5.4 PERP B8K7RN8 16.24 229,297 3,723,783.28
0.16 SLM SLM 7.30083 PERP B0B87Z6 76.72 48,322 3,707,263.84
0.15 PSA PSA 4.1 PERP BMX8DR2 18.10 190,825 3,453,932.50
0.15 HBAN 5.7 PERP BMHH2W3 22.57 149,420 3,372,409.40
0.14 AFG AFG 4 1/2 09/15/60 BN76JV5 19.47 169,850 3,306,979.50
0.14 O O 6 PERP BPLDNF8 24.44 134,313 3,282,609.72
0.14 BAC BAC 6.3475 PERP B0PR2S7 22.86 143,339 3,276,729.54
0.14 TFC TFC 6.05517 PERP BKMF2F1 23.08 135,817 3,134,656.36
0.13 CMS CMS 4.2 PERP BLNB396 18.65 166,259 3,100,730.35
0.13 BEPUCN BEPUCN 7 1/4 PERP BRBHMW4 25.00 117,120 2,928,000.00
0.13 ARGO ARGO 7 PERP BQ72J14 24.98 116,724 2,915,765.52
0.12 PRE PRE 4 7/8 PERP BN6JKG7 17.50 160,655 2,811,510.70
0.12 BPY BPY 6 3/8 PERP BK1KVK5 13.64 198,443 2,706,762.52
0.12 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 22.61 119,100 2,692,851.00
0.10 BC BC 6 5/8 01/15/49 BH42ZM7 24.97 96,757 2,416,022.29
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.71 91,253 2,346,114.63
0.10 PSA PSA 3.9 PERP BMW9C79 17.25 131,313 2,265,149.25
0.09 EPR EPR 5 3/4 PERP B8MGH66 20.55 107,047 2,199,815.85
0.09 BPY BPY 6 1/2 PERP BJHJQ37 14.92 142,777 2,129,518.96
0.08 NYCB NYCB 6 11/01/51 2049603 34.00 54,164 1,841,576.00
0.08 ASB ASB 5 5/8 PERP BMTD069 20.15 87,770 1,768,565.50
0.07 CASH 1.00 1,690,511 1,690,511.19
0.06 OPI OPI 6 3/8 06/23/50 BK80YB0 10.97 128,594 1,410,676.18
Holdings are subject to change. "Cash" denotes U.S. dollars.

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ETF Documents

Preliminary National Association of Insurance Commissioners (NAIC) Designation refers to the NAIC Securities Valuation Office’s (SVO’s) opinion as to what NAIC Designation it believes the Fund would receive if owned by an insurance company and reported to the SVO. NAIC Designations are to be used solely by the state insurance regulators and by the insurance industry for financial solvency monitoring and not for purposes of investment decision-making.

The Securities Valuation Office of the National Association of Insurance Commissioners (NAIC) assigns credit quality designations to securities held by state-regulated insurance companies. NAIC Designations are opinions of credit quality that range from NAIC 1, being the highest quality, to NAIC 6, being the lowest quality. “P” is a valuation indicator used to classify perpetual preferred stock. NAIC designations allow ETFs to be reported as bonds or preferred stock (as appropriate) on NAIC Schedule D and are used to set Risk-Based Capital (RBC) requirements. NAIC designations only measure credit risk and do not measure other risks or factors that may affect repayment, such as volatility/interest rate, prepayment, extension or liquidity risk. Refer to official NAIC publication and guidance for official NAIC policies and definitions.

Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designations is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service. A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Global X. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Securities Valuation Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

Investing involves risk, including the possible loss of principal. Preferred stock is subject to many of the risks associated with debt securities, including interest rate risk. In addition, preferred stock may not pay a dividend, an issuer may suspend payment of dividends on preferred stock at any time, and in certain situations, an issuer may call or redeem its preferred stock or convert it to common stock. High yielding stocks are often speculative, high-risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund’s performance. PFFD is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by ICE Data Indices, LLC, nor does ICE Data Indices, LLC make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with ICE Data Indices, LLC.