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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 01/10/25

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.31 billion
NAV $19.30
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 01/08/25

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 119,600,000
Number of Holdings 218
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.A as of 03/31/24

Distributions As of 01/10/25

30-Day SEC Yield 6.41%
Trailing 12-Month Distribution (%) 6.67%
Distribution Rate 6.25%
Distribution Frequency Monthly

ETF Prices As of 01/10/25

NAV $19.30 Daily Change -$0.27 -1.38%
Market Price $19.26 Daily Change -$0.30 -1.53%

Performance History

As of recent month & quarter-end (12/31/24)
As of recent month & quarter-end (12/31/24)
Fund NAV Market Price Index
1 Year 7.39% 7.05% 7.68%
3 Years -2.81% -2.98% -2.63%
5 Years 0.95% 0.86% 1.14%
Since Inception 2.47% 2.47% 2.67%
1 Year 7.39% 7.05% 7.68%
3 Years -2.81% -2.98% -2.63%
5 Years 0.95% 0.86% 1.14%
Since Inception 2.47% 2.47% 2.67%
Year-to-Date 7.39% 7.05% 7.68%
1 Month -3.65% -3.94% -3.63%
3 Months -3.76% -4.19% -3.65%
Since Inception 19.51% 19.54% 21.26%
Year-to-Date 7.39% 7.05% 7.68%
1 Month -3.65% -3.94% -3.63%
3 Months -3.76% -4.19% -3.65%
Since Inception 19.51% 19.54% 21.26%

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 01/10/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.92 WFC WFC 7 1/2 PERP B3KRSW9 1,182.45 76,460 90,410,127.00
2.80 BAC BAC 7 1/4 PERP B2PB3Z7 1,202.50 53,793 64,686,082.50
2.28 C C 11.2208 10/30/40 B3Z1BZ0 30.52 1,724,624 52,635,524.48
1.96 APO APO 6 3/4 07/31/26 BQVW6Z3 82.00 551,275 45,204,550.00
1.59 HPE HPE 7 5/8 09/01/27 BRBVKF5 63.72 573,909 36,569,481.48
1.58 ALB ALB 7 1/4 03/01/27 BPCTR42 41.31 883,369 36,491,973.39
1.56 NEE NEE 7.299 06/01/27 BPBP9W3 46.90 769,406 36,083,602.59
1.55 JPM JPM 6 PERP BJ2KBT6 25.17 1,417,409 35,676,184.53
1.39 JPM JPM 5 3/4 PERP BFY34D0 24.74 1,297,163 32,091,812.62
1.33 WFC WFC 4 3/4 PERP BJVB6B7 19.90 1,542,941 30,704,525.90
1.24 JPM JPM 4 5/8 PERP BND7XB0 20.17 1,422,671 28,695,274.07
1.22 JPM JPM 4.2 PERP BN75VC7 18.32 1,530,997 28,047,865.04
1.12 T T 4 3/4 PERP BLL1ZY7 19.22 1,339,049 25,736,521.78
1.06 T T 5.35 11/01/66 BF545Q2 24.19 1,009,018 24,408,145.42
1.03 GS GS 5.45324 PERP B15CKS5 23.13 1,030,838 23,843,282.94
1.02 BAC BAC 6 PERP BFZNM46 24.99 940,802 23,510,641.98
0.99 JPM JPM 4.55 PERP BM8TGF9 19.79 1,149,081 22,740,312.99
0.95 BAC BAC 5 3/8 PERP BJN6RX9 22.67 962,775 21,826,109.25
0.93 COF COF 5 PERP BGMJPW3 18.76 1,144,949 21,479,243.24
0.87 MS MS 5.61751 PERP B1802M4 23.63 850,575 20,099,087.25
0.87 MS MS 6 5/8 PERP BPDXXZ6 25.86 772,731 19,982,823.66
0.85 MS MS 6 1/2 PERP BQH5ZL5 25.40 774,602 19,674,890.80
0.84 MS MS 6 3/8 PERP BQT2G00 25.01 774,414 19,368,094.14
0.83 BAC BAC 5 PERP BKVJXF1 21.15 906,629 19,175,203.35
0.81 ALL ALL 5.1 PERP BKDKS91 21.21 882,704 18,722,151.84
0.81 BAC BAC 6.45 12/15/66 BF2PL60 25.43 732,336 18,623,304.48
0.81 T T 5 PERP BKPK060 20.40 910,562 18,575,464.80
0.80 MS MS 5.85 PERP BYYYY81 24.06 768,906 18,499,878.36
0.80 DUK DUK 5 3/4 PERP BJXH6L3 24.26 760,640 18,453,126.40
0.77 MS MS 4 1/4 PERP BMF4W82 17.85 999,542 17,841,824.70
0.76 WFC WFC 4.7 PERP BMYVT83 19.50 895,173 17,455,873.50
0.74 WFC WFC 4 1/4 PERP BP91X65 17.81 956,360 17,032,771.60
0.74 COF COF 4.8 PERP BK9PWX2 17.88 949,613 16,979,080.44
0.73 USB USB 5.51751 PERP B125QN4 21.97 767,995 16,872,850.15
0.73 MS MS 7 1/8 PERP BF4YJ94 25.33 662,950 16,792,523.50
0.72 MS MS 6 7/8 PERP BH5QGM5 25.25 653,299 16,498,870.26
0.71 BAC BAC 4 1/4 PERP BMH4QB1 18.11 905,096 16,391,288.56
0.69 ATH ATH 6.35 PERP BPSKDY1 24.17 656,855 15,876,185.35
0.68 SO SO 4.95 01/30/2080 BKM3QB9 20.57 760,441 15,642,271.37
0.67 MET MET 4 3/4 PERP BL3BQ19 20.29 762,141 15,463,840.89
0.65 MTB MTB 7 1/2 PERP BS55Z77 26.54 567,402 15,058,849.08
0.63 BAC BAC 5 7/8 PERP BYVQZ09 24.49 594,841 14,567,656.09
0.63 WFC WFC 4 3/8 PERP BL5C513 18.23 797,390 14,536,419.70
0.62 SCHW SCHW 5.95 PERP BYPFT55 25.03 569,898 14,264,546.94
0.62 JPM JPM 4 3/4 PERP BK57WX2 20.71 687,430 14,236,675.30
0.62 AEGON AEGON 5.1 12/15/49 BK59DD5 20.15 703,981 14,185,217.15
0.61 MET MET 5 5/8 PERP BG43LW5 22.97 612,589 14,071,169.33
0.61 BAC BAC 4 3/8 PERP BMVXBP3 18.67 751,047 14,022,047.49
0.60 RGA RGA 7 1/8 10/15/52 BMG9SY4 25.66 540,212 13,861,839.92
0.60 F F 6 12/01/59 BJP1KW2 22.65 606,786 13,743,702.90
0.59 TFC TFC 4 3/4 PERP BLD4B13 19.56 700,855 13,708,723.80
0.57 GS GS 5.53324 PERP B07GC93 23.13 572,860 13,250,366.37
0.57 F F 6.2 06/01/59 BJ029D4 23.23 569,919 13,239,218.37
0.57 SRE SRE 5 3/4 07/01/2079 BK8LV34 23.09 569,896 13,158,898.64
0.55 CTL CTL 6 1/2 09/01/56 BZ4C835 17.12 741,533 12,695,044.96
0.55 WFC WFC 5 5/8 PERP BYQHXS1 23.91 526,512 12,588,901.92
0.54 ALL ALL 7 3/8 PERP BNBXR41 26.30 470,271 12,368,127.30
0.53 EQH EQH 5 1/4 PERP BKRMRC9 20.37 603,839 12,300,200.43
0.53 APO APO 7 5/8 09/15/53 BQC5ZW1 26.12 465,534 12,159,748.08
0.52 NEE NEE 5.65 03/01/2079 BH3JGK4 23.08 520,528 12,013,786.24
0.50 SYF SYF 5 5/8 PERP BK77YC3 19.25 595,306 11,459,700.03
0.49 MET MET 5.62018 PERP B0B87W3 24.87 455,253 11,322,142.11
0.48 F F 6 1/2 08/15/62 BPJK038 24.65 452,461 11,153,163.65
0.48 BAC BAC 4 1/8 PERP BN4Q1G7 17.62 632,435 11,143,504.70
0.48 KEY KEY 6.2 PERP BPLPQT9 24.08 459,979 11,076,294.32
0.48 CMS CMS 5 7/8 03/01/2079 BJJP666 23.25 474,632 11,035,194.00
0.47 ATH ATH 7 1/4 03/30/64 BSLKYN5 25.08 435,804 10,929,964.32
0.47 LNC LNC 9 PERP BP398R1 27.21 397,296 10,810,424.16
0.47 SO SO 4.2 10/15/60 BMGS0L2 18.15 595,306 10,804,803.90
0.47 JXN JXN 8 PERP BMW6VL7 25.81 417,519 10,776,165.39
0.45 EIX EIX 7 1/2 PERP BLFB156 24.51 418,795 10,264,665.45
0.44 USB USB 5 1/2 PERP BDT6C58 23.03 438,761 10,104,665.83
0.44 SYF SYF 8 1/4 PERP BSNWT01 25.81 391,010 10,091,968.10
0.43 PRU PRU 5 5/8 08/15/58 BG844G9 23.08 426,658 9,847,266.64
0.42 ALL ALL 8.08251 01/15/53 B87XV26 25.45 383,451 9,758,827.95
0.42 TFC TFC 5 1/4 PERP BMFYGG8 21.33 457,267 9,753,505.11
0.42 ATH ATH 7 3/4 PERP BPLKV33 25.70 378,714 9,732,949.80
0.42 USB USB 4 PERP BMFDGD2 17.09 569,227 9,728,089.43
0.42 BAC BAC 4 3/4 PERP BN7SQB0 20.18 481,231 9,711,241.58
0.42 USB USB 5.93751 PERP B617Z40 850.00 11,387 9,678,950.00
0.42 RF RF 6.95 PERP BNM9HL5 25.26 379,821 9,594,278.46
0.41 BTSG BTSG 6 3/4 02/01/27 BPDYYD4 63.23 150,675 9,527,180.25
0.41 RF RF 5.7 PERP BJMXZX7 23.93 396,441 9,486,833.13
0.41 TDS TDS 6 PERP BNSNM38 18.13 521,636 9,454,652.50
0.40 STT STT 5.35 PERP BYPK477 23.26 398,989 9,278,489.20
0.40 KEY KEY 6 1/8 PERP BYQR0N5 24.32 380,770 9,260,326.40
0.40 SCHW SCHW 4.45 PERP BMW32F9 19.19 475,635 9,127,435.65
0.40 FITB FITB 8.29627 PERP BH58353 25.40 359,163 9,122,740.20
0.40 USM USM 6 1/4 09/01/69 BMGR6C2 22.85 398,645 9,109,038.25
0.39 QRTEV QRTEA 8 03/15/31 BMH2T16 35.81 253,432 9,075,399.92
0.38 COF COF 4 3/8 PERP BMX47S9 16.56 534,398 8,849,630.88
0.38 DUK DUK 5 5/8 09/15/2078 BFNR2X9 23.47 374,035 8,778,601.45
0.38 PSA PSA 4 5/8 PERP BLFGL51 19.43 450,224 8,747,852.32
0.38 CTL CTL 6 3/4 06/15/57 BD2ZSL0 17.21 507,011 8,725,659.31
0.36 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 15.57 538,436 8,383,448.52
0.36 AXS AXS 5 1/2 PERP BD2Z8N2 19.78 421,555 8,338,357.90
0.36 CFG CFG 7 3/8 PERP BQGD2H5 25.81 321,596 8,300,392.76
0.36 USM USM 5 1/2 03/01/70 BN7J7C1 21.78 378,423 8,242,052.94
0.36 AMG AMG 6 3/4 03/30/64 BSLL7L7 24.16 339,899 8,211,959.84
0.36 USM USM 5 1/2 06/01/70 BNMBT60 21.75 377,373 8,207,862.75
0.36 MS MS 4 7/8 PERP BK6JGG8 20.37 402,180 8,192,406.60
0.35 FLG FLG 6 3/8 PERP BYVLYP2 20.75 388,874 8,069,135.50
0.35 TPG TPG 6.95 03/15/64 BRC7MJ0 25.09 318,272 7,985,444.48
0.34 BHF BHF 5 3/8 PERP BN0TD19 17.37 456,453 7,928,588.61
0.34 PSA PSA 4 PERP BM91SN6 16.84 464,335 7,819,401.40
0.34 RGA RGA 5 3/4 06/15/56 BYT3Q98 24.55 318,057 7,808,267.54
0.34 SO SO 5 1/4 12/01/2077 BF0WD23 21.86 356,155 7,785,548.30
0.33 ANGINC ANGINC 8.372 PERP BRRG5T3 25.25 303,349 7,659,562.25
0.33 ATH ATH 4 7/8 PERP BMC8G63 17.60 433,093 7,622,436.80
0.33 KEY KEY 5 5/8 PERP BJHDLJ0 20.83 361,655 7,533,273.65
0.32 BHF BHF 6.6 PERP BJ0M332 21.59 339,173 7,322,745.07
0.31 SNV SNV 8.397 PERP BKFHSG7 25.83 278,767 7,200,551.61
0.31 CG CG 4 5/8 05/15/61 BMHV4X0 18.01 395,616 7,125,044.16
0.31 FG FG 7.95 12/15/53 BNKG9F6 25.86 274,833 7,107,181.38
0.31 BHF BHF 6 3/4 PERP BM9JJ93 22.15 320,734 7,104,258.10
0.31 OTHER PAYABLE & RECEIVABLES 1.00 7,088,506 7,088,505.55
0.31 PRU PRU 4 1/8 09/01/60 BLB2465 17.77 398,747 7,085,734.19
0.31 USB USB 4 1/2 PERP BMC7GV5 19.57 360,777 7,060,405.89
0.30 ACGL ACGL 4.55 PERP BNYBNX3 17.63 396,928 6,997,840.64
0.30 HIG HIG 6 PERP BF5J7D8 25.04 278,075 6,962,998.00
0.30 BHF BHF 6 1/4 09/15/58 BF5JWJ9 23.03 302,253 6,960,886.59
0.30 HBAN HBAN 4 1/2 PERP BKPLQ32 17.22 403,125 6,941,812.50
0.30 KEY KEY 5.65 PERP BYWLBZ0 20.42 338,055 6,903,083.10
0.30 KKR KKR 4 5/8 04/01/61 BN2D5N5 18.10 375,571 6,797,835.10
0.29 AQNCN AQNCN 8.86372 07/01/2079 BFYWGC0 25.18 269,523 6,786,589.14
0.29 DTE DTE 5 1/4 12/01/2077 BF3L703 21.46 316,121 6,783,956.66
0.29 CFG CFG 5 PERP BK229B7 18.75 361,709 6,782,043.75
0.29 EIX EIX 5 PERP BDC3P68 17.74 376,953 6,687,146.22
0.29 EIX EIX 6.95 PERP BSQL9V6 23.79 278,765 6,631,819.35
0.29 BAC BAC 5.28175 PERP B1VN1F6 23.72 277,230 6,575,895.60
0.29 RLJ RLJ 1.95 PERP BF2N465 25.33 259,593 6,575,490.69
0.28 HBAN HBAN 6 7/8 PERP BQMS207 24.80 261,859 6,494,103.20
0.28 NTRS NTRS 4.7 PERP BKFVZR9 20.03 321,623 6,442,108.69
0.28 ESGR ESGR 7 PERP BFXXB52 20.23 317,681 6,426,686.63
0.28 PBI PBI 6.7 03/07/43 B9CDPW6 18.75 342,603 6,423,806.25
0.28 TDS TDS 6 5/8 PERP BMDKP83 20.63 310,238 6,400,209.94
0.28 RNR RNR 4.2 PERP BKSDN56 16.17 394,545 6,379,792.65
0.28 ETR ETR 4 7/8 09/01/66 BZC0L09 20.77 305,379 6,342,721.83
0.26 FCNCA FCNCA 5 3/8 PERP BLHLTL6 21.90 273,879 5,997,950.10
0.26 USB USB 3 3/4 PERP BMFV904 15.81 377,807 5,973,128.67
0.26 PRU PRU 5.95 09/01/62 BQB5JR5 24.55 241,808 5,936,386.40
0.25 PSA PSA 4 PERP BMQ85K6 16.63 349,695 5,815,427.85
0.25 DLR DLR 5.2 PERP BKLXG10 20.90 278,075 5,811,767.50
0.24 VOYA VOYA 5.35 PERP BJGS497 23.15 237,769 5,504,352.35
0.24 ASB ASB 6 5/8 03/01/33 BMX3XP5 24.28 225,910 5,485,094.80
0.24 COF COF 4 1/4 PERP BMHJZD1 16.25 337,403 5,482,798.75
0.24 RF RF 4.45 PERP BP2C5M5 17.08 318,032 5,431,986.56
0.23 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 16.45 323,719 5,325,177.55
0.23 ACGL ACGL 5.45 PERP BF956G8 21.13 249,598 5,274,005.74
0.23 ATH ATH 5 5/8 PERP BKWG6L8 20.16 260,785 5,257,425.60
0.23 WAL WAL 4 1/4 PERP BNZJSP3 21.74 239,905 5,215,534.70
0.22 CMS CMS 5 7/8 10/15/2078 BFXBC20 22.92 225,392 5,165,984.64
0.22 PSA PSA 5.05 PERP BF7PKX5 21.51 239,643 5,154,720.93
0.22 BAC NEW YORK BAC 5.13507 PERP B1GH4Y3 23.76 213,054 5,062,163.04
0.22 AMG AMG 5 7/8 03/30/59 BJVJZF8 22.20 226,619 5,030,941.80
0.22 PSA PSA 5.6 PERP BGMHQB3 23.27 215,801 5,021,689.27
0.21 PSA PSA 4 7/8 PERP BK598B8 20.78 237,255 4,930,158.90
0.21 PSA PSA 5.15 PERP BYZ2PF8 21.49 222,514 4,781,825.86
0.21 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 11.84 402,127 4,761,183.68
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 19.85 238,280 4,729,858.00
0.20 WRB WRB 5.1 12/30/59 BJBK4B0 20.69 223,666 4,627,649.54
0.20 SO SO 5 10/01/2077 BZ60HT6 21.30 217,005 4,622,206.50
0.20 MTB MTB 5 5/8 PERP BPQT641 24.32 187,213 4,553,020.16
0.20 ALL ALL 4 3/4 PERP BK727P2 19.90 228,683 4,550,791.70
0.20 SR SR 5.9 PERP BJV8KN8 24.20 185,580 4,491,036.00
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 15.56 284,461 4,426,213.16
0.19 BHF BHF 4 5/8 PERP BNRLZ01 15.32 286,465 4,388,643.80
0.19 BAC BAC 5.42552 PERP B06H0T3 22.39 195,334 4,373,528.26
0.19 HPP HPP 4 3/4 PERP BP38WQ5 12.95 336,602 4,358,995.90
0.19 VNO VNO 5 1/4 PERP BF5LLD2 16.91 257,548 4,355,136.68
0.19 RNR RNR 5 3/4 PERP BFMZ665 22.21 195,519 4,342,476.99
0.19 EQH EQH 4.3 PERP BMF1DS0 17.38 245,600 4,268,528.00
0.18 ETR ETR 4 7/8 09/01/66 BD0S963 21.02 200,688 4,218,461.76
0.18 ETR ETR 4.9 10/01/66 BD5NDN8 21.33 196,040 4,181,533.20
0.18 OZK OZK 4 5/8 PERP BNTYXM6 16.13 258,413 4,168,201.69
0.18 SF SF 6 1/8 PERP BMDX0S7 24.83 167,826 4,167,119.58
0.18 BC BC 6 3/8 04/15/49 BJT13Z2 24.10 171,595 4,135,439.50
0.18 KIM KIM 5 1/4 PERP BD0RST6 21.11 195,874 4,134,900.14
0.18 BIP BIP 5 1/8 PERP BPVC0M1 17.08 241,808 4,130,080.64
0.18 VNO VNO 5.4 PERP B8K7RN8 17.21 238,129 4,098,200.09
0.17 SLG SLG 6 1/2 PERP B89P3T1 23.05 173,496 3,999,082.80
0.17 DTE DTE 4 3/8 12/01/2081 BNQNFS6 17.95 218,797 3,927,406.15
0.17 SF SF 4 1/2 PERP BP38124 17.31 223,216 3,863,868.96
0.17 DLR DLR 5.85 PERP BJR2164 23.24 166,213 3,862,790.12
0.17 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 19.07 201,515 3,842,891.05
0.17 GS GS 5.53324 PERP B0N0V47 24.05 159,282 3,830,732.10
0.17 GL GL 4 1/4 06/15/61 BKP8TS9 15.65 243,617 3,812,606.05
0.17 FITB FITB 4.95 PERP BKKBGL5 20.34 187,130 3,806,224.20
0.17 DHC DHC 5 5/8 08/01/42 BKRTG67 14.72 258,372 3,803,235.84
0.16 SPNT SPNT 8 PERP BMB63G7 25.57 148,101 3,786,942.57
0.16 VNO VNO 5 1/4 PERP BMWB4M4 16.94 222,827 3,774,689.38
0.16 WAFD WAFD 4 7/8 PERP BMVN6G9 16.60 226,497 3,759,850.20
0.16 SNV SNV 7.90255 PERP BG1FRQ0 25.02 147,358 3,686,897.16
0.16 SF SF 5.2 10/15/47 BD9FPT0 20.26 181,349 3,674,130.74
0.16 PSA PSA 4.1 PERP BMX8DR2 17.36 211,106 3,664,800.16
0.16 AHL AHL 5 5/8 PERP BD915N2 20.08 181,621 3,646,949.68
0.16 FITB FITB 6 PERP BJGTMK7 24.59 146,981 3,614,262.79
0.15 WRB WRB 5.7 03/30/58 BFMXK34 22.44 156,836 3,519,399.84
0.15 SLM SLM 6.32018 PERP B0B87Z6 73.20 45,995 3,366,834.00
0.15 FCNCA FCNCA 5 5/8 PERP BMQ7J12 22.66 147,772 3,348,513.52
0.15 VNO VNO 4.45 PERP BMHV5V5 14.84 224,884 3,337,278.56
0.14 DLR DLR 5 1/4 PERP BD0YJ83 21.59 147,728 3,189,447.52
0.14 TFC TFC 5.08055 PERP BKMF2F1 22.58 138,077 3,117,088.28
0.13 BOH BOH 8 PERP BPBPCX5 25.75 120,405 3,100,428.75
0.13 HBAN 5.7 PERP BMHH2W3 23.53 129,038 3,036,264.14
0.13 CMS CMS 4.2 PERP BLNB396 17.54 171,189 3,002,655.06
0.13 BEPUCN BEPUCN 7 1/4 PERP BRBHMW4 25.10 118,910 2,984,641.00
0.12 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 23.17 120,890 2,801,021.30
0.12 BPY BPY 6 3/8 PERP BK1KVK5 13.61 201,515 2,742,619.15
0.12 BIP BIP 7 1/4 05/31/2084 BQGD0K4 23.73 114,087 2,707,284.51
0.11 BC BC 6 5/8 01/15/49 BH42ZM7 24.98 98,189 2,452,761.22
0.11 TRTN TRTN 6 7/8 PERP BMTQTF0 22.35 108,286 2,420,192.10
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.59 92,714 2,372,551.26
0.10 EPR EPR 5 3/4 PERP B8MGH66 20.55 108,658 2,232,921.90
0.10 PSA PSA 3.9 PERP BMW9C79 16.37 133,282 2,182,372.80
0.09 ADC ADC 4 1/4 PERP BMZ4J92 17.32 125,567 2,174,820.44
0.09 BPY BPY 6 1/2 PERP BJHJQ37 13.71 144,925 1,986,921.75
0.07 OPI OPI 6 3/8 06/23/50 BK80YB0 12.00 130,592 1,567,104.00
0.07 ESGR ESGR 7 PERP BGT0PD0 20.04 76,167 1,526,386.68
-0.02 CASH 1.00 -402,866 -402,866.00
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.