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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 7 years running.

1Expense ratio was 52.8% lower than the competitor average net expense ratio as of 1/2/25, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Key Information As of 04/01/25

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.21 billion
NAV $18.91
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 03/31/25

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 116,960,000
Number of Holdings 209
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation* Preliminary 3.A as of 03/31/24

Distributions As of 04/01/25

30-Day SEC Yield 6.47%
Trailing 12-Month Distribution (%) 1 7.36%
Distribution Rate 2 6.43%
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 $18.91 Daily Change -$0.10 -0.53%
Market Price $18.94 Daily Change -$0.10 -0.53%

Performance History

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 0.57% 0.52% 0.84%
3 Years -0.69% -0.74% -0.50%
5 Years 3.16% 3.03% 3.33%
Since Inception 2.14% 2.20% 2.34%
1 Year 0.57% 0.52% 0.84%
3 Years -0.69% -0.74% -0.50%
5 Years 3.16% 3.03% 3.33%
Since Inception 2.14% 2.20% 2.34%
Year-to-Date -1.80% -1.39% -1.75%
1 Month -3.54% -3.63% -3.51%
3 Months -1.80% -1.39% -1.75%
Since Inception 17.36% 17.87% 19.14%
Year-to-Date -1.80% -1.39% -1.75%
1 Month -3.54% -3.63% -3.51%
3 Months -1.80% -1.39% -1.75%
Since Inception 17.36% 17.87% 19.14%

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 04/01/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.27 BA BA 6 10/15/27 BRBLC59 57.91 2,014,030 116,632,477.30
3.71 WFC WFC 7 1/2 PERP B3KRSW9 1,193.00 68,702 81,961,486.00
2.86 BAC BAC 7 1/4 PERP B2PB3Z7 1,216.00 52,066 63,311,995.67
2.10 C C 10.9185 10/30/40 B3Z1BZ0 29.89 1,550,546 46,345,819.94
1.67 APO APO 6 3/4 07/31/26 BQVW6Z3 74.14 497,148 36,858,552.72
1.51 NEE NEE 7.299 06/01/27 BPBP9W3 48.37 688,186 33,287,556.82
1.45 JPM JPM 6 PERP BJ2KBT6 25.08 1,279,928 32,100,594.24
1.32 ALB ALB 7 1/4 03/01/27 BPCTR42 35.89 814,547 29,234,091.83
1.30 JPM JPM 5 3/4 PERP BFY34D0 24.61 1,171,824 28,838,588.64
1.24 WFC WFC 4 3/4 PERP BJVB6B7 19.68 1,394,731 27,448,306.08
1.16 JPM JPM 4 5/8 PERP BND7XB0 19.94 1,283,742 25,597,815.48
1.15 JPM JPM 4.2 PERP BN75VC7 18.35 1,383,779 25,392,344.65
1.14 ARES ARES 6 3/4 10/01/27 BR4TW49 48.47 518,252 25,119,674.44
1.12 HPE HPE 7 5/8 09/01/27 BRBVKF5 47.95 518,308 24,852,868.60
1.12 PCG PCG 6 12/01/27 BPGN2R8 44.38 556,266 24,687,085.08
1.06 NEE NEE 7.234 11/01/27 BRBLDX4 45.31 518,222 23,480,638.82
1.05 T T 4 3/4 PERP BLL1ZY7 19.23 1,209,070 23,250,416.10
1.04 BAC BAC 6 PERP BFZNM46 25.00 920,305 23,007,625.00
0.96 BAC BAC 5 3/8 PERP BJN6RX9 22.53 941,877 21,220,488.81
0.94 T T 5.35 11/01/66 BF545Q2 22.81 915,786 20,889,078.66
0.93 GS GS 5.22896 PERP B15CKS5 22.03 935,251 20,603,579.53
0.92 JPM JPM 4.55 PERP BM8TGF9 19.56 1,040,656 20,355,231.36
0.90 COF COF 5 PERP BGMJPW3 19.07 1,038,994 19,813,615.58
0.84 BAC BAC 5 PERP BKVJXF1 20.99 886,857 18,615,128.43
0.83 BAC BAC 6.45 12/15/66 BF2PL60 25.73 716,473 18,434,850.29
0.81 MS MS 6 5/8 PERP BPDXXZ6 25.60 701,297 17,953,203.20
0.80 MS MS 6 1/2 PERP BQH5ZL5 25.34 701,426 17,774,134.84
0.80 MS MS 5.26359 PERP B1802M4 22.80 774,769 17,664,733.20
0.79 MS MS 6 3/8 PERP BQT2G00 24.92 700,726 17,462,091.92
0.77 DUK DUK 5 3/4 PERP BJXH6L3 24.56 690,591 16,960,914.96
0.76 ALL ALL 5.1 PERP BKDKS91 20.94 805,551 16,868,237.94
0.76 T T 5 PERP BKPK060 20.26 830,458 16,825,079.08
0.75 MS MS 5.85 PERP BYYYY81 23.81 700,466 16,678,095.46
0.74 MS MS 4 1/4 PERP BMF4W82 17.97 914,492 16,433,421.24
0.72 BAC BAC 4 1/4 PERP BMH4QB1 17.97 885,488 15,912,219.36
0.71 COF COF 4.8 PERP BK9PWX2 18.15 866,966 15,735,432.90
0.70 WFC WFC 4.7 PERP BMYVT83 19.20 807,416 15,502,387.20
0.69 MS MS 7 1/8 PERP BF4YJ94 25.28 604,345 15,277,841.60
0.69 WFC WFC 4 1/4 PERP BP91X65 17.64 863,037 15,223,972.68
0.68 USB USB 5.16359 PERP B125QN4 21.45 699,803 15,010,774.35
0.68 MS MS 6 7/8 PERP BH5QGM5 25.10 595,341 14,943,059.10
0.65 ATH ATH 6.35 PERP BPSKDY1 24.28 595,455 14,457,647.40
0.64 BAC BAC 5 7/8 PERP BYVQZ09 24.44 581,990 14,223,835.60
0.64 SO SO 4.95 01/30/2080 BKM3QB9 20.40 690,041 14,076,836.40
0.62 MET MET 4 3/4 PERP BL3BQ19 19.82 692,039 13,716,212.98
0.61 BAC BAC 4 3/8 PERP BMVXBP3 18.38 734,793 13,505,495.34
0.61 MTB MTB 7 1/2 PERP BS55Z77 26.09 516,931 13,486,729.79
0.59 MET MET 5 5/8 PERP BG43LW5 23.50 557,787 13,107,994.50
0.59 AEGON AEGON 5.1 12/15/49 BK59DD5 20.27 639,503 12,962,725.81
0.59 WFC WFC 4 3/8 PERP BL5C513 17.90 723,913 12,958,042.70
0.58 SCHW SCHW 5.95 PERP BYPFT55 24.87 517,160 12,861,769.20
0.57 JPM JPM 4 3/4 PERP BK57WX2 20.38 620,424 12,644,241.12
0.57 TFC TFC 4 3/4 PERP BLD4B13 19.55 640,492 12,521,618.60
0.55 RGA RGA 7 1/8 10/15/52 BMG9SY4 25.40 482,244 12,248,997.60
0.53 CTL CTL 6 1/2 09/01/56 BZ4C835 17.51 672,985 11,783,967.35
0.52 GS GS 5.30896 PERP B07GC93 22.37 516,651 11,557,482.87
0.52 F F 6 12/01/59 BJP1KW2 20.80 551,370 11,468,496.00
0.52 EQH EQH 5 1/4 PERP BKRMRC9 20.64 552,075 11,394,828.00
0.51 SRE SRE 5 3/4 07/01/2079 BK8LV34 21.42 521,454 11,169,544.68
0.50 F F 6.2 06/01/59 BJ029D4 21.39 519,630 11,114,885.70
0.50 ALL ALL 7 3/8 PERP BNBXR41 26.20 420,211 11,009,528.20
0.50 WFC WFC 5 5/8 PERP BYQHXS1 23.15 473,570 10,963,145.50
0.49 BAC BAC 4 1/8 PERP BN4Q1G7 17.43 618,597 10,782,145.71
0.49 NEE NEE 5.65 03/01/2079 BH3JGK4 22.77 473,331 10,777,746.87
0.49 APO APO 7 5/8 09/15/53 BQC5ZW1 26.04 412,881 10,751,421.24
0.46 CRBG CRBG 6 3/8 12/15/64 BS9FVR5 24.82 412,884 10,247,780.88
0.45 ATH ATH 7 1/4 03/30/64 BSLKYN5 25.21 395,481 9,970,076.01
0.45 JXN JXN 8 PERP BMW6VL7 26.32 378,426 9,960,172.32
0.45 CMS CMS 5 7/8 03/01/2079 BJJP666 22.82 434,617 9,917,959.94
0.45 KEY KEY 6.2 PERP BPLPQT9 24.00 412,637 9,903,288.00
0.44 MET MET 5.56089 PERP B0B87W3 23.71 412,636 9,783,599.56
0.43 SO SO 4.2 10/15/60 BMGS0L2 18.36 518,443 9,518,613.48
0.43 BAC BAC 4 3/4 PERP BN7SQB0 19.96 470,911 9,399,383.56
0.42 F F 6 1/2 08/15/62 BPJK038 22.49 413,031 9,289,067.19
0.42 USB USB 5 1/2 PERP BDT6C58 22.96 402,297 9,236,739.12
0.41 LNC LNC 9 PERP BP398R1 26.67 343,634 9,164,718.78
0.41 SYF SYF 5 5/8 PERP BK77YC3 17.65 515,796 9,103,799.40
0.41 PRU PRU 5 5/8 08/15/58 BG844G9 23.22 389,109 9,035,110.98
0.41 ALL ALL 7.72859 01/15/53 B87XV26 26.13 344,431 8,999,982.03
0.40 ATH ATH 7 3/4 PERP BPLKV33 25.95 344,396 8,937,076.20
0.40 BTSG BTSG 6 3/4 02/01/27 BPDYYD4 65.48 136,114 8,912,744.72
0.40 BANC BANC 7 3/4 PERP BMWDYS6 24.98 354,650 8,859,157.00
0.40 EIX EIX 7 1/2 PERP BLFB156 23.15 377,817 8,746,463.55
0.39 RF RF 6.95 PERP BNM9HL5 25.31 343,449 8,692,694.19
0.39 USB USB 4 PERP BMFDGD2 16.59 522,975 8,676,155.25
0.39 SYF SYF 8 1/4 PERP BSNWT01 25.05 343,175 8,596,533.75
0.38 USB USB 5.58359 PERP B617Z40 861.70 9,862 8,498,085.40
0.38 TFC TFC 5 1/4 PERP BMFYGG8 21.33 396,229 8,451,564.57
0.38 TDS TDS 6 PERP BNSNM38 17.87 469,576 8,391,323.12
0.38 FLG FLG 6 3/8 PERP BYVLYP2 23.45 356,120 8,351,014.00
0.38 KEY KEY 6 1/8 PERP BYQR0N5 24.31 343,336 8,346,498.16
0.37 CASH 1.00 8,253,074 8,253,073.64
0.37 USM USM 6 1/4 09/01/69 BMGR6C2 23.92 344,868 8,249,242.56
0.37 DUK DUK 5 5/8 09/15/2078 BFNR2X9 23.84 344,330 8,208,827.20
0.37 SCHW SCHW 4.45 PERP BMW32F9 19.57 412,917 8,080,785.69
0.37 RF RF 5.7 PERP BJMXZX7 23.51 343,313 8,071,288.63
0.36 CTL CTL 6 3/4 06/15/57 BD2ZSL0 17.72 452,887 8,025,157.64
0.35 STT STT 5.35 PERP BYPK477 22.58 344,639 7,781,948.62
0.35 FITB FITB 8.29627 PERP BH58353 25.22 308,065 7,769,399.30
0.35 AXS AXS 5 1/2 PERP BD2Z8N2 20.26 383,358 7,766,833.08
0.35 COF COF 4 3/8 PERP BMX47S9 16.55 464,581 7,688,815.55
0.35 USM USM 5 1/2 06/01/70 BNMBT60 22.25 343,950 7,652,887.50
0.34 USM USM 5 1/2 03/01/70 BN7J7C1 22.14 343,621 7,607,768.94
0.34 AMG AMG 6 3/4 03/30/64 BSLL7L7 24.02 308,635 7,413,412.70
0.33 PSA PSA 4 5/8 PERP BLFGL51 18.92 388,516 7,350,722.72
0.32 CFG CFG 7 3/8 PERP BQGD2H5 25.93 274,248 7,111,250.64
0.32 MS MS 4 7/8 PERP BK6JGG8 20.24 348,175 7,047,062.00
0.31 TPG TPG 6.95 03/15/64 BRC7MJ0 25.05 274,555 6,877,602.75
0.31 PSA PSA 4 PERP BM91SN6 16.30 415,732 6,776,431.60
0.31 RGA RGA 5 3/4 06/15/56 BYT3Q98 24.63 274,620 6,763,890.60
0.30 ATH ATH 4 7/8 PERP BMC8G63 17.10 392,352 6,709,219.20
0.30 SO SO 5 1/4 12/01/2077 BF0WD23 21.54 309,417 6,664,842.18
0.29 KEY KEY 5 5/8 PERP BJHDLJ0 21.16 306,710 6,489,983.60
0.28 ETR ETR 4 7/8 09/01/66 BZC0L09 20.83 298,605 6,219,942.15
0.28 BHF BHF 5 3/8 PERP BN0TD19 15.70 395,638 6,211,516.60
0.28 KEY KEY 5.65 PERP BYWLBZ0 21.20 291,820 6,186,584.00
0.28 KKR KKR 4 5/8 04/01/61 BN2D5N5 17.86 344,883 6,159,610.38
0.28 SNV SNV 8.397 PERP BKFHSG7 25.46 239,600 6,099,018.00
0.28 FG FG 7.95 12/15/53 BNKG9F6 25.67 236,571 6,072,777.57
0.27 AQNCN AQNCN 8.86372 07/01/2079 BFYWGC0 25.26 239,484 6,049,365.84
0.27 PRU PRU 4 1/8 09/01/60 BLB2465 17.54 343,657 6,027,743.78
0.27 BAC BAC 5.09164 PERP B1VN1F6 22.57 266,978 6,025,693.46
0.27 ACGL ACGL 4.55 PERP BNYBNX3 17.50 343,443 6,010,252.50
0.27 CG CG 4 5/8 05/15/61 BMHV4X0 17.50 343,039 6,003,182.50
0.27 USB USB 4 1/2 PERP BMC7GV5 19.16 312,204 5,981,828.64
0.27 TDS TDS 6 5/8 PERP BMDKP83 20.85 286,057 5,964,288.45
0.27 CFG CFG 5 PERP BK229B7 19.27 308,661 5,947,897.47
0.27 DTE DTE 5 1/4 12/01/2077 BF3L703 21.56 273,654 5,899,980.24
0.27 HBAN HBAN 4 1/2 PERP BKPLQ32 17.14 342,103 5,863,645.42
0.26 HIG HIG 6 PERP BF5J7D8 24.78 235,567 5,837,350.26
0.26 QRTEV QVCGA 8 03/15/31 BMH2T16 24.90 231,755 5,770,699.50
0.26 BHF BHF 6.6 PERP BJ0M332 19.70 291,954 5,751,493.80
0.26 ESGR ESGR 7 PERP BFXXB52 20.89 273,897 5,721,708.33
0.25 PBI PBI 6.7 03/07/43 B9CDPW6 19.30 291,287 5,621,839.10
0.25 HBAN HBAN 6 7/8 PERP BQMS207 25.17 223,078 5,614,873.26
0.25 BHF BHF 6 3/4 PERP BM9JJ93 19.99 279,723 5,591,662.77
0.25 EIX EIX 5 PERP BDC3P68 17.11 324,683 5,555,326.13
0.25 RLJ RLJ 1.95 PERP BF2N465 24.54 222,901 5,469,990.54
0.25 RNR RNR 4.2 PERP BKSDN56 15.87 342,678 5,438,299.86
0.25 USB USB 3 3/4 PERP BMFV904 15.62 347,298 5,424,794.76
0.24 BHF BHF 6 1/4 09/15/58 BF5JWJ9 21.01 257,211 5,404,003.11
0.24 EIX EIX 6.95 PERP BSQL9V6 22.55 239,099 5,391,682.45
0.24 NTRS NTRS 4.7 PERP BKFVZR9 19.69 272,861 5,372,633.09
0.24 ASB ASB 6 5/8 03/01/33 BMX3XP5 24.14 221,057 5,336,315.98
0.23 UNM UNM 6 1/4 06/15/58 BFYF0S3 25.04 204,708 5,125,888.32
0.23 PRU PRU 5.95 09/01/62 BQB5JR5 24.77 205,027 5,078,518.79
0.23 ACGL ACGL 5.45 PERP BF956G8 20.69 244,229 5,053,098.01
0.22 VOYA VOYA 5.35 PERP BJGS497 23.96 205,003 4,911,871.88
0.22 PSA PSA 4 PERP BMQ85K6 16.35 296,719 4,851,355.65
0.22 PSA PSA 5.6 PERP BGMHQB3 22.86 211,042 4,824,420.12
0.21 DLR DLR 5.2 PERP BKLXG10 20.11 235,011 4,726,071.21
0.21 AMG AMG 5 7/8 03/30/59 BJVJZF8 21.25 221,766 4,712,527.50
0.21 COF COF 4 1/4 PERP BMHJZD1 16.12 291,489 4,698,802.68
0.21 RF RF 4.45 PERP BP2C5M5 17.21 272,723 4,693,562.83
0.21 PSA PSA 4 7/8 PERP BK598B8 20.08 231,980 4,658,158.40
0.21 ATH ATH 5 5/8 PERP BKWG6L8 19.70 233,923 4,608,283.10
0.21 BAC BAC 5.22485 PERP B06H0T3 22.05 206,068 4,543,799.40
0.21 WAL WAL 4 1/4 PERP BNZJSP3 22.17 204,359 4,530,639.03
0.20 SR SR 5.9 PERP BJV8KN8 24.10 181,501 4,374,174.10
0.20 ALL ALL 4 3/4 PERP BK727P2 19.53 223,830 4,371,399.90
0.20 CMS CMS 5 7/8 10/15/2078 BFXBC20 22.44 194,708 4,369,247.52
0.19 PSA PSA 5.05 PERP BF7PKX5 20.87 204,199 4,261,633.13
0.19 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 15.41 272,892 4,205,521.56
0.19 OZK OZK 4 5/8 PERP BNTYXM6 16.38 252,577 4,137,211.26
0.19 SO SO 5 10/01/2077 BZ60HT6 22.17 186,224 4,128,586.08
0.19 TVA TVA 2.134 06/01/28 2612674 23.56 174,447 4,109,971.32
0.18 PSA PSA 5.15 PERP BYZ2PF8 21.13 191,349 4,043,204.37
0.18 NRUC NRUC 5 1/2 05/15/64 BJBL059 23.63 170,513 4,029,222.19
0.18 ETR ETR 4 7/8 09/01/66 BD0S963 20.51 196,187 4,023,795.37
0.18 FITB FITB 4.95 PERP BKKBGL5 21.57 183,051 3,948,410.07
0.18 ETR ETR 4.9 10/01/66 BD5NDN8 20.55 191,752 3,940,503.60
0.18 KIM KIM 5 1/4 PERP BD0RST6 20.49 191,537 3,924,593.13
0.18 MBIN MBIN 7 5/8 PERP BRWK9M1 24.93 156,246 3,895,212.78
0.17 SF SF 6 1/8 PERP BMDX0S7 23.50 164,054 3,855,269.00
0.17 SLG SLG 6 1/2 PERP B89P3T1 22.68 169,675 3,848,229.00
0.17 AHL AHL 7 PERP BS0CHC2 24.98 152,810 3,817,193.80
0.17 GL GL 4 1/4 06/15/61 BKP8TS9 16.01 238,297 3,815,134.97
0.17 SF SF 4 1/2 PERP BP38124 17.27 218,363 3,771,129.01
0.17 RNR RNR 5 3/4 PERP BFMZ665 21.54 169,616 3,653,528.64
0.16 WAFD WAFD 4 7/8 PERP BMVN6G9 16.31 221,644 3,615,013.64
0.16 SNV SNV 7.90149 PERP BG1FRQ0 25.09 144,053 3,613,569.51
0.16 VNO VNO 5 1/4 PERP BMWB4M4 16.20 217,974 3,531,178.80
0.16 DHC DHC 5 5/8 08/01/42 BKRTG67 13.93 252,536 3,517,826.48
0.16 FITB FITB 6 PERP BJGTMK7 24.37 143,676 3,501,384.12
0.16 AHL AHL 5 5/8 PERP BD915N2 19.33 177,542 3,431,886.86
0.16 DTE DTE 4 3/8 12/01/2081 BNQNFS6 18.00 190,636 3,431,448.00
0.16 VNO VNO 5.4 PERP B8K7RN8 16.83 203,355 3,422,464.65
0.15 PSA PSA 4.7 PERP BK72JQ7 19.31 175,498 3,388,866.38
0.15 SLM SLM 6.26089 PERP B0B87Z6 73.98 44,963 3,326,362.74
0.15 BHF BHF 4 5/8 PERP BNRLZ01 14.01 237,081 3,321,504.81
0.15 TVA TVA 2.216 05/01/29 2520249 23.37 141,669 3,310,804.53
0.15 DLR DLR 5.85 PERP BJR2164 23.17 141,159 3,270,654.03
0.15 BAC BAC 5.32485 PERP B0PR2S7 23.23 138,913 3,226,948.99
0.14 FCNCA FCNCA 5 5/8 PERP BMQ7J12 21.82 144,467 3,152,269.94
0.14 VNO VNO 4.45 PERP BMHV5V5 14.26 220,031 3,137,642.06
0.14 GS GS 5.30896 PERP B0N0V47 22.73 135,429 3,078,301.17
0.14 PSA PSA 3 7/8 PERP BLFKCL6 16.05 191,263 3,069,771.15
0.14 HBAN 5.7 PERP BMHH2W3 22.79 133,536 3,043,285.44
0.14 BOH BOH 8 PERP BPBPCX5 25.73 117,616 3,026,259.68
0.14 DLR DLR 5 1/4 PERP BD0YJ83 20.86 144,423 3,012,663.78
0.13 CMS CMS 4.2 PERP BLNB396 17.22 167,368 2,882,076.96
0.13 HWC HWC 6 1/4 06/15/60 BMXB7Y6 24.24 115,593 2,801,974.32
0.13 BEPUCN BEPUCN 7 1/4 PERP BRBHMW4 23.97 116,379 2,789,604.63
0.12 BIP BIP 7 1/4 05/31/2084 BQGD0K4 24.38 111,556 2,719,735.28
0.12 EIX EIX 5.1 PERP B93SGN8 17.75 148,052 2,627,923.00
0.12 TFC TFC 5.07949 PERP BKMF2F1 22.26 116,033 2,582,894.58
0.11 TRTN TRTN 6 7/8 PERP BMTQTF0 22.75 105,755 2,405,926.25
0.10 ADC ADC 4 1/4 PERP BMZ4J92 17.40 122,778 2,136,337.20
0.10 PSA PSA 3.9 PERP BMW9C79 16.04 130,493 2,093,107.72
0.07 ESGR ESGR 7 PERP BGT0PD0 20.18 74,410 1,501,593.80
-0.18 OTHER PAYABLE & RECEIVABLES 1.00 -4,076,195 -4,076,195.05
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 NAIC Designations to securities held by state-regulated insurance companies. NAIC Designations are opinions of investment 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 measure investment risk but do not measure certain 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 investment risk (as defined in the Purposes and Procedures Manual of the NAIC Investment Analysis Office) 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 (RTAS). 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 investment risk (as defined in the Purposes and Procedures Manual of the NAIC Investment Analysis Office) 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. Under NAIC reporting rules, shares of a Fund are presumed to be reportable as common stock. The SVO may classify a Fund, for reporting with an NAIC Designation, as a bond or preferred stock, as applicable, 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 Investment Analysis Office. The assignment of an NAIC Designation is not a recommendation to purchase the Fund and is not intended to convey approval or endorsement of the Fund Sponsor or the Fund 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.