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PFFV

Variable Rate Preferred ETF

Morningstar Rating™ - Overall rating out of 66 Preferred Stock funds, based on risk-adjusted returns as of 03/31/2025

Reasons to Consider PFFV

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High Income Potential

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

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Low Expense Ratio

PFFV’s expense ratio is half the competitor average.1

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Lower Duration Nature

Variable rate preferreds may offer lower duration profiles than fixed rate preferred issuances.

1Expense ratio was 50.0% lower than the competitor average net expense ratio as of 4/1/25, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred Floating Rate”)

Key Information

As of Apr 24 2025
Inception Date
06/22/20
Total Expense Ratio
0.25%
Net Assets
$299.64 million
NAV
$23.07
Fact Sheet

ETF Summary

The Global X Variable Rate Preferred ETF (PFFV) invests in a broad basket of U.S. variable rate preferred stocks, providing benchmark-like exposure to the asset class. Variable rate preferreds can play a role in an investor’s portfolio as a source of income with less interest rate risk, offering the potential to mitigate the risks of rising interest rates due to coupon payments that adjust at certain points over their lifespan.

ETF Objective

The Global X Variable Rate Preferred ETF (PFFV) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE U.S. Variable Rate Preferred Securities Index.
Trading Details
Distributions

ETF Prices

NAV
Daily Change
Market Price
Daily Change

Performance History

Fund NAVMarket PriceIndex
Options Details

Top Holdings

As of Apr 24 2025
Net Assets (%)TickerNameSEDOLMarket Price ($)Shares HeldMarket Value ($)
4.83GSGS 5.22896 PERPB15CKS522.14654,05114,480,401.36
4.32BACBAC 6.45 12/15/66BF2PL6025.47508,67412,955,926.78
4.04MSMS 5.21771 PERPB1802M422.51537,58712,101,083.37
3.40USBUSB 5.11771 PERPB125QN421.04484,33510,190,408.40
3.30ATHATH 6.35 PERPBPSKDY123.68417,8199,893,953.92
2.92NLYNLY 9.53638 PERPBD0B1Y425.24346,6858,750,329.40
2.92RGARGA 7 1/8 10/15/52BMG9SY425.64341,1598,747,316.76
2.68GSGS 5.30896 PERPB07GC9322.13363,1188,034,167.31
2.57APOAPO 7 5/8 09/15/53BQC5ZW126.31292,1397,686,177.09
2.36KEYKEY 6.2 PERPBPLPQT924.17292,1077,060,226.19

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics

ETF Research

Quarterly Income Commentary: Enhancing Yields Through Preferred Stocks and Fixed Income

Preferred Stock Outlook in the Wake of the Banking Sector Shakeout