Model Portfolios | News | Contact

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 7 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 09/25/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.53 billion
NAV $20.95
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 09/25/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 120,850,000
Number of Holdings 211
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.A as of 03/31/24

Distributions As of 09/25/24

30-Day SEC Yield 6.20%
Trailing 12-Month Distribution (%) 6.17%
Distribution Rate 6.10%
Distribution Frequency Monthly

ETF Prices As of 09/25/24

NAV $20.95 Daily Change -$0.01 -0.05%
Market Price $20.97 Daily Change -$0.03 -0.14%

Performance History

As of recent
(06/30/24)
As of recent
(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 12.32% 12.71% 12.61%
3 Years -2.24% -2.24% -2.07%
5 Years 1.64% 1.65% 1.83%
Since Inception 2.70% 2.78% 2.90%
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 8.23% 8.43% 8.42%
1 Month 3.40% 3.19% 3.41%
3 Months 3.88% 4.18% 3.98%
Since Inception 20.44% 21.07% 22.10%

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 09/25/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.05 WFC WFC 7 1/2 PERP B3KRSW9 1,273.00 80,614 102,621,622.00
2.81 BAC BAC 7 1/4 PERP B2PB3Z7 1,284.00 55,476 71,231,184.00
2.17 C C 11.887 10/30/40 B3Z1BZ0 30.00 1,829,151 54,874,530.00
1.58 APO APO 6 3/4 07/31/26 BQVW6Z3 68.44 585,723 40,086,882.12
1.57 ALB ALB 7 1/4 03/01/27 BPCTR42 42.34 938,903 39,753,153.02
1.53 JPM JPM 6 PERP BJ2KBT6 25.72 1,508,028 38,786,480.16
1.51 NEE NEE 6.926 09/01/25 BQV3827 46.92 817,112 38,338,895.04
1.43 WFC WFC 4 3/4 PERP BJVB6B7 22.12 1,641,168 36,302,636.16
1.40 JPM JPM 5 3/4 PERP BFY34D0 25.55 1,382,947 35,334,295.85
1.38 JPM JPM 4.2 PERP BN75VC7 21.37 1,631,176 34,858,231.12
1.38 JPM JPM 4 5/8 PERP BND7XB0 23.10 1,508,834 34,854,065.40
1.22 T T 4 3/4 PERP BLL1ZY7 21.61 1,427,833 30,855,471.13
1.11 JPM JPM 4.55 PERP BM8TGF9 22.86 1,224,330 27,988,183.80
1.05 T T 5.35 11/01/66 BF545Q2 24.65 1,077,528 26,561,065.20
1.05 COF COF 5 PERP BGMJPW3 21.86 1,213,073 26,517,775.78
1.00 GS GS 6.03444 PERP B15CKS5 23.00 1,102,076 25,347,748.00
0.97 BAC BAC 6 PERP BFZNM46 25.42 968,533 24,620,108.86
0.97 BAC BAC 5 3/8 PERP BJN6RX9 24.61 992,887 24,434,949.07
0.92 ALL ALL 5.1 PERP BKDKS91 24.82 936,935 23,254,726.70
0.89 MS MS 4 1/4 PERP BMF4W82 21.26 1,060,861 22,553,904.86
0.88 BAC BAC 5 PERP BKVJXF1 23.89 934,196 22,317,942.44
0.88 T T 5 PERP BKPK060 22.70 977,587 22,191,224.90
0.87 MS MS 6 1/2 PERP BQH5ZL5 26.90 821,213 22,090,629.70
0.84 COF COF 4.8 PERP BK9PWX2 20.78 1,021,139 21,219,268.42
0.84 MS MS 6.26298 PERP B1802M4 23.35 906,926 21,176,722.10
0.84 WFC WFC 4.7 PERP BMYVT83 22.11 956,347 21,144,832.17
0.83 WFC WFC 4 1/4 PERP BP91X65 20.65 1,021,793 21,100,025.45
0.82 MS MS 5.85 PERP BYYYY81 25.60 814,716 20,856,729.60
0.82 MS MS 6 3/8 PERP BQT2G00 25.68 811,424 20,837,368.32
0.81 DUK DUK 5 3/4 PERP BJXH6L3 25.36 811,424 20,577,712.64
0.78 SO SO 4.95 01/30/2080 BKM3QB9 24.30 808,198 19,639,211.40
0.78 BAC BAC 6.45 12/15/66 BF2PL60 25.68 763,995 19,619,391.60
0.77 BAC BAC 4 1/4 PERP BMH4QB1 20.91 929,594 19,437,810.54
0.74 MET MET 4 3/4 PERP BL3BQ19 23.10 810,596 18,724,767.60
0.72 MS MS 7 1/8 PERP BF4YJ94 25.70 705,477 18,130,758.90
0.71 ATH ATH 6.35 PERP BPSKDY1 25.35 711,046 18,025,016.10
0.71 USB USB 6.16298 PERP B125QN4 21.97 816,603 17,936,684.90
0.71 WFC WFC 4 3/8 PERP BL5C513 21.09 847,009 17,863,419.81
0.71 MS MS 6 7/8 PERP BH5QGM5 25.67 695,164 17,844,859.88
0.69 JPM JPM 4 3/4 PERP BK57WX2 23.88 726,063 17,338,384.44
0.68 T T 5 5/8 08/01/67 BDDJDF0 25.45 675,242 17,184,908.90
0.68 AEGON AEGON 5.1 12/15/49 BK59DD5 22.74 753,668 17,138,410.32
0.66 TFC TFC 4 3/4 PERP BLD4B13 22.46 747,438 16,787,457.48
0.66 BAC BAC 4 3/8 PERP BMVXBP3 21.44 773,427 16,582,274.88
0.65 MET MET 5 5/8 PERP BG43LW5 25.08 658,750 16,521,450.00
0.64 F F 6 12/01/59 BJP1KW2 24.93 646,638 16,120,685.34
0.62 SCHW SCHW 5.95 PERP BYPFT55 25.49 614,076 15,652,797.24
0.62 EQH EQH 5 1/4 PERP BKRMRC9 23.71 659,749 15,642,648.79
0.61 SRE SRE 5 3/4 07/01/2079 BK8LV34 24.93 614,711 15,324,745.23
0.60 RGA RGA 7 1/8 10/15/52 BMG9SY4 26.96 565,120 15,235,635.20
0.60 F F 6.2 06/01/59 BJ029D4 25.00 609,259 15,231,475.00
0.60 BAC BAC 5 7/8 PERP BYVQZ09 25.21 602,069 15,178,159.49
0.58 GS GS 6.11444 PERP B07GC93 23.69 618,365 14,649,066.85
0.56 WFC WFC 5 5/8 PERP BYQHXS1 24.93 565,414 14,095,771.02
0.55 NEE NEE 5.65 03/01/2079 BH3JGK4 25.13 554,838 13,943,078.94
0.54 ALL ALL 7 3/8 PERP BNBXR41 28.10 490,456 13,781,813.60
0.54 SO SO 4.2 10/15/60 BMGS0L2 22.23 615,175 13,675,340.25
0.54 APO APO 7 5/8 09/15/53 BQC5ZW1 27.60 491,688 13,570,588.80
0.53 SYF SYF 5 5/8 PERP BK77YC3 21.85 615,250 13,443,212.50
0.52 CTL CTL 6 1/2 09/01/56 BZ4C835 16.83 786,258 13,232,722.14
0.52 BAC BAC 4 1/8 PERP BN4Q1G7 20.48 645,301 13,215,764.48
0.51 CMS CMS 5 7/8 03/01/2079 BJJP666 25.07 516,462 12,945,120.03
0.50 F F 6 1/2 08/15/62 BPJK038 25.58 491,944 12,583,927.52
0.49 USB USB 4 PERP BMFDGD2 20.19 612,943 12,375,319.17
0.48 KEY KEY 6.2 PERP BPLPQT9 24.85 492,325 12,234,276.25
0.48 JXN JXN 8 PERP BMW6VL7 27.05 451,226 12,205,663.30
0.48 ATH ATH 6 3/8 PERP BMG0ZK2 25.11 484,226 12,158,914.86
0.48 ATH ATH 7 1/4 03/30/64 BSLKYN5 25.77 471,769 12,157,487.13
0.47 EIX EIX 7 1/2 PERP BLFB156 27.00 443,898 11,985,246.00
0.47 MET MET 6.20825 PERP B0B87W3 24.73 483,598 11,959,378.54
0.47 USB USB 5 1/2 PERP BDT6C58 25.23 472,026 11,909,215.98
0.45 PRU PRU 5 5/8 08/15/58 BG844G9 25.21 454,251 11,451,667.71
0.45 LNC LNC 9 PERP BP398R1 28.35 401,577 11,384,707.95
0.45 TDS TDS 6 PERP BNSNM38 19.85 572,593 11,365,971.05
0.45 TFC TFC 5 1/4 PERP BMFYGG8 24.57 461,803 11,346,499.71
0.45 BAC BAC 4 3/4 PERP BN7SQB0 23.30 485,552 11,313,361.60
0.45 QRTEV QRTEA 8 03/15/31 BMH2T16 43.03 261,649 11,258,756.47
0.43 COF COF 4 3/8 PERP BMX47S9 20.01 540,250 10,810,402.50
0.43 SCHW SCHW 4.45 PERP BMW32F9 22.44 480,846 10,790,184.24
0.43 ATH ATH 7 3/4 PERP BPLKV33 26.72 403,239 10,774,546.08
0.42 PSA PSA 4 5/8 PERP BLFGL51 22.60 469,156 10,602,925.60
0.42 ALL ALL 8.08544 01/15/53 B87XV26 26.22 404,279 10,600,195.38
0.42 KEY KEY 6 1/8 PERP BYQR0N5 25.75 411,099 10,585,799.25
0.42 SYF SYF 8 1/4 PERP BSNWT01 26.20 403,506 10,571,857.20
0.41 AXS AXS 5 1/2 PERP BD2Z8N2 23.36 448,635 10,480,113.60
0.40 DUK DUK 5 5/8 09/15/2078 BFNR2X9 25.17 405,871 10,215,773.07
0.40 RF RF 5.7 PERP BJMXZX7 25.31 400,287 10,131,263.97
0.40 MS MS 4 7/8 PERP BK6JGG8 24.10 415,763 10,019,888.30
0.39 STT STT 5.35 PERP BYPK477 24.76 403,270 9,984,965.20
0.39 USB USB 6.58298 PERP B617Z40 866.00 11,518 9,974,588.00
0.39 BHF BHF 5 3/8 PERP BN0TD19 20.84 478,367 9,969,168.28
0.39 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 18.19 544,374 9,902,163.06
0.39 PSA PSA 4 PERP BM91SN6 19.70 501,999 9,889,380.30
0.38 AMG AMG 6 3/4 03/30/64 BSLL7L7 26.38 368,182 9,712,641.16
0.38 CTL CTL 6 3/4 06/15/57 BD2ZSL0 17.12 565,615 9,683,328.80
0.38 USM USM 6 1/4 09/01/69 BMGR6C2 23.65 402,526 9,519,739.90
0.37 NYCB NYCB 6 3/8 PERP BYVLYP2 22.28 424,318 9,453,805.04
0.37 FITB FITB 9.29621 PERP BH58353 25.52 363,064 9,263,824.84
0.37 BTSG BTSG 6 3/4 02/01/27 BPDYYD4 56.92 162,175 9,231,001.00
0.36 ATH ATH 4 7/8 PERP BMC8G63 19.54 463,951 9,065,602.54
0.36 USM USM 5 1/2 03/01/70 BN7J7C1 22.25 407,426 9,065,228.50
0.35 SO SO 5 1/4 12/01/2077 BF0WD23 24.89 360,056 8,961,793.84
0.35 USM USM 5 1/2 06/01/70 BNMBT60 22.04 406,329 8,955,491.16
0.34 BHF BHF 6.6 PERP BJ0M332 25.35 342,799 8,689,954.65
0.34 PRU PRU 4 1/8 09/01/60 BLB2465 21.41 403,028 8,628,829.48
0.34 ACGL ACGL 4.55 PERP BNYBNX3 20.65 416,651 8,603,843.15
0.34 KKR KKR 4 5/8 04/01/61 BN2D5N5 20.82 412,044 8,578,756.08
0.34 KEY KEY 5 5/8 PERP BJHDLJ0 23.45 365,556 8,572,288.20
0.33 TPG TPG 6.95 03/15/64 BRC7MJ0 26.23 321,881 8,442,938.63
0.33 CFG CFG 5 PERP BK229B7 22.97 365,610 8,398,061.70
0.33 HBAN HBAN 4 1/2 PERP BKPLQ32 20.60 407,406 8,390,526.57
0.33 BHF BHF 6 3/4 PERP BM9JJ93 25.82 324,242 8,371,928.44
0.33 USB USB 4 1/2 PERP BMC7GV5 22.72 364,678 8,285,484.16
0.32 EIX EIX 5 PERP BDC3P68 20.61 396,223 8,166,156.03
0.32 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 50.53 161,144 8,142,606.32
0.32 RGA RGA 5 3/4 06/15/56 BYT3Q98 25.20 321,666 8,105,983.20
0.32 CG CG 4 5/8 05/15/61 BMHV4X0 19.96 399,897 7,981,944.12
0.31 KEY KEY 5.65 PERP BYWLBZ0 23.21 341,681 7,930,416.01
0.31 DTE DTE 5 1/4 12/01/2077 BF3L703 24.75 319,730 7,913,317.50
0.30 ETR ETR 4 7/8 09/01/66 BZC0L09 23.08 334,029 7,709,389.32
0.30 BHF BHF 6 1/4 09/15/58 BF5JWJ9 25.06 305,499 7,655,804.94
0.30 TDS TDS 6 5/8 PERP BMDKP83 21.85 349,886 7,645,009.10
0.30 RNR RNR 4.2 PERP BKSDN56 18.88 398,826 7,529,834.88
0.30 FG FG 7.95 12/15/53 BNKG9F6 27.06 277,817 7,517,728.02
0.30 USB USB 3 3/4 PERP BMFV904 18.30 409,360 7,491,288.00
0.29 NTRS NTRS 4.7 PERP BKFVZR9 22.84 325,232 7,428,298.88
0.29 PBI PBI 6.7 03/07/43 B9CDPW6 20.98 346,229 7,263,884.42
0.28 HIG HIG 6 PERP BF5J7D8 25.22 281,059 7,088,307.98
0.28 PSA PSA 4 PERP BMQ85K6 19.99 353,465 7,065,765.35
0.28 COF COF 4 1/4 PERP BMHJZD1 19.48 358,672 6,986,930.56
0.27 HBAN HBAN 6 7/8 PERP BQMS207 26.23 264,813 6,946,044.99
0.27 RLJ RLJ 1.95 PERP BF2N465 26.15 262,331 6,859,955.65
0.27 DLR DLR 5.2 PERP BKLXG10 24.31 281,059 6,832,544.29
0.26 ACGL ACGL 5.45 PERP BF956G8 23.78 276,762 6,581,400.36
0.26 FCNCA FCNCA 5 3/8 PERP BLHLTL6 23.56 276,863 6,522,892.28
0.25 PRU PRU 5.95 09/01/62 BQB5JR5 26.22 244,399 6,408,141.78
0.25 ATH ATH 5 5/8 PERP BKWG6L8 22.77 281,059 6,399,713.43
0.25 EIX EIX 5.45 PERP BYQ69C4 25.11 252,031 6,328,498.41
0.25 ESGR ESGR 7 PERP BFXXB52 19.69 321,290 6,326,200.10
0.25 RF RF 4.45 PERP BP2C5M5 19.59 321,641 6,300,947.19
0.25 AMG AMG 5 7/8 03/30/59 BJVJZF8 24.87 253,170 6,296,337.90
0.25 UNM UNM 6 1/4 06/15/58 BFYF0S3 25.90 241,371 6,251,508.90
0.25 VOYA VOYA 5.35 PERP BJGS497 25.97 240,360 6,242,149.20
0.25 EIX EIX 5 3/8 PERP BYX6KN5 23.57 263,008 6,199,098.56
0.24 PSA PSA 5.6 PERP BGMHQB3 25.20 243,745 6,142,374.00
0.24 WRB WRB 5.1 12/30/59 BJBK4B0 24.19 252,624 6,110,974.56
0.24 ASB ASB 6 5/8 03/01/33 BMX3XP5 24.79 246,248 6,103,281.30
0.24 ANGINC ANGINC 6 5/8 PERP BRRG5W6 24.73 241,583 5,974,347.59
0.24 PSA PSA 5.05 PERP BF7PKX5 24.57 242,234 5,951,689.38
0.24 PSA PSA 4 7/8 PERP BK598B8 23.25 255,889 5,949,419.25
0.23 AHL AHL 4.92044 PERP B94QMV1 26.20 221,487 5,802,959.40
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 25.09 227,852 5,716,806.68
0.22 PSA PSA 5.15 PERP BYZ2PF8 24.98 224,974 5,619,850.52
0.22 BHF BHF 4 5/8 PERP BNRLZ01 18.40 302,591 5,567,674.40
0.22 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 13.69 406,408 5,563,725.52
0.22 EIX EIX 7.91044 PERP BK74GK6 25.11 221,441 5,560,383.51
0.22 SO SO 5 10/01/2077 BZ60HT6 24.96 219,334 5,474,576.64
0.22 BAC NEW YORK BAC 5.7297 PERP B1GH4Y3 24.82 220,145 5,462,898.18
0.22 MTB MTB 5 5/8 PERP BPQT641 25.32 215,540 5,457,472.80
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 22.32 240,871 5,376,240.72
0.21 NRUC NRUC 5 1/2 05/15/64 BJBL059 25.20 212,181 5,346,961.20
0.21 OZK OZK 4 5/8 PERP BNTYXM6 18.20 293,147 5,335,275.40
0.21 NAVI NAVI 6 12/15/43 BDRW5R1 20.98 253,678 5,322,164.44
0.21 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 18.57 285,149 5,295,216.93
0.21 ETR ETR 4 7/8 09/01/66 BD0S963 23.02 228,097 5,250,792.94
0.21 EQH EQH 4.3 PERP BMF1DS0 20.58 253,863 5,224,500.54
0.20 SR SR 5.9 PERP BJV8KN8 24.92 207,171 5,162,701.32
0.20 BAC BAC 5.9727 PERP B06H0T3 23.14 222,883 5,157,512.62
0.20 AL AL 8.85825 PERP BJR4L26 25.10 203,713 5,113,196.30
0.20 ETR ETR 4.9 10/01/66 BD5NDN8 23.21 218,246 5,065,489.66
0.20 PSA PSA 4.7 PERP BK72JQ7 23.00 219,217 5,041,991.00
0.20 BIP BIP 5 1/8 PERP BPVC0M1 20.58 244,399 5,029,731.42
0.20 WAL WAL 4 1/4 PERP BNZJSP3 20.60 242,496 4,995,417.60
0.20 RNR RNR 5 3/4 PERP BFMZ665 24.99 197,717 4,940,947.83
0.19 VNO VNO 5.4 PERP B8K7RN8 18.99 255,054 4,843,475.46
0.19 AMG AMG 4 3/4 09/30/60 BN0VM18 20.65 233,473 4,821,217.45
0.19 HPP HPP 4 3/4 PERP BP38WQ5 14.16 340,228 4,817,628.48
0.19 DTE DTE 4 3/8 12/01/2081 BNQNFS6 21.67 221,257 4,794,639.19
0.19 BC BC 6 3/8 04/15/49 BJT13Z2 25.38 187,439 4,757,201.82
0.19 VNO VNO 5 1/4 PERP BF5LLD2 18.01 260,286 4,687,750.86
0.19 TVA TVA 2.134 06/01/28 2612674 23.10 202,617 4,680,452.70
0.18 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 22.73 203,713 4,630,396.49
0.18 PSA PSA 4 3/4 PERP BKSD8W8 23.02 200,507 4,615,671.14
0.18 OTHER PAYABLE & RECEIVABLES 1.00 4,532,653 4,532,653.35
0.17 SF SF 5.2 10/15/47 BD9FPT0 23.90 183,300 4,380,870.00
0.17 PSA PSA 4.1 PERP BMX8DR2 20.18 213,304 4,304,474.72
0.17 DLR DLR 5.85 PERP BJR2164 25.00 168,047 4,201,175.00
0.17 AHL AHL 5 5/8 PERP BKDJPD1 21.21 196,560 4,169,037.60
0.16 SPNT SPNT 8 PERP BMB63G7 25.29 164,221 4,153,149.09
0.16 WRB WRB 5.7 03/30/58 BFMXK34 25.38 158,408 4,020,395.04
0.15 TVA TVA 2.216 05/01/29 2520249 22.58 172,777 3,901,304.66
0.15 GS GS 6.11444 PERP B0N0V47 24.00 160,985 3,863,640.00
0.15 SLM SLM 6.90825 PERP B0B87Z6 76.00 49,562 3,766,712.00
0.15 HBAN 5.7 PERP BMHH2W3 24.51 153,140 3,753,461.40
0.14 BAC BAC 6.0727 PERP B0PR2S7 24.21 147,340 3,567,101.40
0.14 AFG AFG 4 1/2 09/15/60 BN76JV5 20.00 173,921 3,478,420.00
0.14 CMS CMS 4.2 PERP BLNB396 20.18 171,085 3,452,495.30
0.14 O O 6 PERP BPLDNF8 24.97 138,033 3,446,684.01
0.13 BPY BPY 6 3/8 PERP BK1KVK5 16.60 203,713 3,381,635.80
0.13 TFC TFC 5.45044 PERP BKMF2F1 24.18 139,537 3,374,004.66
0.12 BEPUCN BEPUCN 7 1/4 PERP BRBHMW4 25.73 120,220 3,093,260.60
0.12 PRE PRE 4 7/8 PERP BN6JKG7 18.01 164,726 2,966,715.26
0.12 ARGO ARGO 7 PERP BQ72J14 24.51 119,824 2,936,886.24
0.11 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 23.66 122,200 2,890,824.30
0.10 PSA PSA 3.9 PERP BMW9C79 18.98 134,723 2,557,042.54
0.10 BC BC 6 5/8 01/15/49 BH42ZM7 25.27 99,237 2,507,728.91
0.10 EPR EPR 5 3/4 PERP B8MGH66 22.75 109,837 2,498,791.75
0.10 BPY BPY 6 1/2 PERP BJHJQ37 16.99 146,497 2,488,984.03
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.80 93,733 2,418,311.40
0.09 NYCB NYCB 6 11/01/51 2049603 39.05 55,714 2,175,631.70
0.08 ASB ASB 5 5/8 PERP BMTD069 22.24 89,940 2,000,265.60
0.08 CASH 1.00 1,950,227 1,950,226.73
0.08 OPI OPI 6 3/8 06/23/50 BK80YB0 14.42 132,004 1,903,497.68
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

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

Read the Full ArticleRead More

Divergence in U.S. Banks: Exploring Resilience in Global Systemically Important Banks (Part I)

Read the Full ArticleRead More

Divergence in U.S. Banks: Opportunities in Preferreds (Part II)

Read the Full ArticleRead More

View More Related Research

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.