SPFF

SuperIncome^SM Preferred ETF

Reasons to Consider SPFF

High Income Potential

SPFF invests in 50 of the highest yielding preferreds in the United States, potentially increasing a portfolio's yield.

Monthly Distributions

SPFF has made monthly distributions 12 years running.

Preferential Tax Treatment

Preferred securities may also provide an income advantage. Income from preferred stocks may be treated as qualified dividends (QDI), rather than as regular interest income.

Key Information As of 04/01/25

Inception Date	07/16/12
Total Expense Ratio	0.48%
Net Assets	$134.67 million
NAV	$8.92
Fact Sheet	View the document

ETF Summary

The Global X SuperIncome^SM Preferred ETF (SPFF) invests in 50 of the highest yielding preferred stocks in the United States.

ETF Objective

The Global X SuperIncome^SM Preferred ETF (SPFF) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. High Yield Preferred Index.

Trading Details As of 03/31/25

Ticker	SPFF
Bloomberg Index Ticker	SOLSPFF
CUSIP	37950E333
ISIN	US37950E3339
Primary Exchange	NYSE Arca
Shares Outstanding	15,100,000
Number of Holdings	51
30-Day Median Bid-Ask Spread	0.11%

Distributions As of 04/01/25

30-Day SEC Yield	6.50%
Trailing 12-Month Distribution (%) ¹	7.45%
Distribution Rate ²	6.41%
Distribution Frequency	Monthly

¹The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

²The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

ETF Prices As of 04/01/25

NAV	$8.92	Daily Change	-$0.03	-0.34%
Market Price	$8.90	Daily Change	-$0.07	-0.78%

As of recent month & quarter-end (03/31/25) As of recent month & quarter-end (03/31/25)	Fund NAV	Market Price	Index
1 Year	1.03%	1.04%	1.32%
3 Years	-0.76%	-0.77%	-0.38%
5 Years	4.92%	4.92%	5.40%
10 Years	1.62%	1.61%	2.18%
Since Inception	2.58%	2.71%	3.14%
1 Year	1.03%	1.04%	1.32%
3 Years	-0.76%	-0.77%	-0.38%
5 Years	4.92%	4.92%	5.40%
10 Years	1.62%	1.61%	2.18%
Since Inception	2.58%	2.71%	3.14%
Year-to-Date	-2.97%	-2.12%	-2.90%
1 Month	-3.47%	-3.36%	-3.52%
3 Months	-2.97%	-2.12%	-2.90%
Since Inception	38.21%	40.57%	48.14%
Year-to-Date	-2.97%	-2.12%	-2.90%
1 Month	-3.47%	-3.36%	-3.52%
3 Months	-2.97%	-2.12%	-2.90%
Since Inception	38.21%	40.57%	48.14%

The Fund’s investment objective and investment strategies changed effective April 3, 2023. Index performance reflects the performance of the S&P Enhanced Yield North American Preferred Stock Index through March 31, 2023 and the Global X U.S. High Yield Preferred Index thereafter.

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.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
8.51	WFC	WFC 7 1/2 PERP	B3KRSW9	1,193.00	9,605	11,458,765.00
6.41	BAC	BAC 7 1/4 PERP	B2PB3Z7	1,216.00	7,104	8,638,428.48
5.99	KKR	KKR 6 1/4 03/01/28	BN72V73	49.71	162,315	8,068,678.65
4.14	ALB	ALB 7 1/4 03/01/27	BPCTR42	35.89	155,450	5,579,100.50
3.72	HPE	HPE 7 5/8 09/01/27	BRBVKF5	47.95	104,456	5,008,665.20
3.71	ARES	ARES 6 3/4 10/01/27	BR4TW49	48.47	103,103	4,997,402.41
3.65	PCG	PCG 6 12/01/27	BPGN2R8	44.38	110,872	4,920,499.36
3.48	APO	APO 6 3/4 07/31/26	BQVW6Z3	74.14	63,145	4,681,570.30
3.46	JPM	JPM 4 5/8 PERP	BND7XB0	19.94	233,553	4,657,046.82
3.45	JPM	JPM 4.2 PERP	BN75VC7	18.35	253,243	4,647,009.05
2.75	JPM	JPM 4.55 PERP	BM8TGF9	19.56	189,431	3,705,270.36
2.38	MS	MS 6 1/2 PERP	BQH5ZL5	25.34	126,473	3,204,825.82
2.25	MS	MS 5.85 PERP	BYYYY81	23.81	127,259	3,030,036.79
2.19	MS	MS 4 1/4 PERP	BMF4W82	17.97	164,237	2,951,338.89
2.04	MTB	MTB 7 1/2 PERP	BS55Z77	26.09	105,468	2,751,660.12
1.67	MSTR	MSTR 8 PERP	BTCDKX2	86.46	25,952	2,243,809.92
1.65	ALL	ALL 7 3/8 PERP	BNBXR41	26.20	84,660	2,218,092.00
1.60	BAC	BAC 4 1/4 PERP	BMH4QB1	17.97	119,760	2,152,087.20
1.59	WFC	WFC 4 1/4 PERP	BP91X65	17.64	121,212	2,138,179.68
1.50	CRBG	CRBG 6 3/8 12/15/64	BS9FVR5	24.82	81,374	2,019,702.68
1.44	ATH	ATH 6.35 PERP	BPSKDY1	24.28	80,123	1,945,386.44
1.44	SO	SO 6 1/2 03/15/2085	BN460B5	25.64	75,816	1,943,922.24
1.44	JXN	JXN 8 PERP	BMW6VL7	26.32	73,601	1,937,178.32
1.44	KEY	KEY 6.2 PERP	BPLPQT9	24.00	80,630	1,935,120.00
1.35	F	F 6 1/2 08/15/62	BPJK038	22.49	80,821	1,817,664.29
1.33	LNC	LNC 9 PERP	BP398R1	26.67	67,277	1,794,277.59
1.28	BANC	BANC 7 3/4 PERP	BMWDYS6	24.98	68,961	1,722,645.78
1.27	RF	RF 6.95 PERP	BNM9HL5	25.31	67,351	1,704,653.81
1.25	SYF	SYF 8 1/4 PERP	BSNWT01	25.05	67,404	1,688,470.20
1.24	USB	USB 4 PERP	BMFDGD2	16.59	100,444	1,666,365.96
1.23	TDS	TDS 6 PERP	BNSNM38	17.87	92,438	1,651,867.06
1.23	EIX	EIX 7 1/2 PERP	BLFB156	23.15	71,277	1,650,062.55
1.21	KEY	KEY 6 1/8 PERP	BYQR0N5	24.31	67,036	1,629,645.16
1.20	FLG	FLG 6 3/8 PERP	BYVLYP2	23.45	68,703	1,611,085.35
1.17	SCHW	SCHW 4.45 PERP	BMW32F9	19.57	80,198	1,569,474.86
1.16	RF	RF 5.7 PERP	BJMXZX7	23.51	66,598	1,565,718.98
1.14	RITM	RITM 7 PERP	BMHVDC2	24.39	62,687	1,528,622.50
1.12	COF	COF 4 3/8 PERP	BMX47S9	16.55	90,848	1,503,534.40
1.11	GTLS	GTLS 6 3/4 12/15/25	BNTBQN9	56.20	26,483	1,488,344.60
1.08	AMG	AMG 6 3/4 03/30/64	BSLL7L7	24.02	60,546	1,454,314.92
1.06	APO	APO 7 5/8 09/15/53	BQC5ZW1	26.04	54,779	1,426,445.16
1.03	CFG	CFG 7 3/8 PERP	BQGD2H5	25.93	53,463	1,386,295.59
0.94	BAC	BAC 4 3/4 PERP	BN7SQB0	19.96	63,618	1,269,815.28
0.91	FG	FG 7.3 01/15/65	BMZLX57	24.33	50,615	1,231,462.95
0.89	ATH	ATH 7 3/4 PERP	BPLKV33	25.95	46,306	1,201,640.70
0.89	SNV	SNV 8.397 PERP	BKFHSG7	25.46	47,103	1,199,006.87
0.86	USB	USB 4 1/2 PERP	BMC7GV5	19.16	60,220	1,153,815.20
0.83	ESGR	ESGR 7 PERP	BFXXB52	20.89	53,559	1,118,847.51
0.78	EIX	EIX 6.95 PERP	BSQL9V6	22.55	46,450	1,047,447.50
0.78	ANGINC	ANGINC 7 3/8 PERP	BSKRGV9	25.85	40,489	1,046,640.65
0.36	QRTEV	QVCGA 8 03/15/31	BMH2T16	24.90	19,354	481,914.60
-0.23		OTHER PAYABLE & RECEIVABLES		1.00	-304,355	-304,354.65
-0.34		CASH		1.00	-457,360	-457,360.29

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

ETF Research

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

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ETF Documents

Latest Premium / Discount As of 04/01/25

NAV	$8.92
Market Price	$8.90
Premium / (Discount)	($0.02)

Current View 2025 Q2 As of 04/01/25

Days at Premium	0
Days at NAV	0
Days at Discount	1
Greatest Premium	0.00%
Greatest Discount	-0.21%

Daily Premium / Discount History As of 04/01/25

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. 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.

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 July 14, 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 July 14, 2020, market price returns were based on the midpoint between the Bid and Ask price. Market price returns. 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.

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 Global X U.S. High Yield Preferred Index is owned and was developed by Global X Management Company LLC for use by 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.