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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 6 years running.

1Expense ratio was 52.2% lower than the competitor average net expense ratio as of 4/1/24, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Key Information As of 05/13/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.37 billion
NAV $19.58
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 05/13/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 120,950,000
Number of Holdings 227
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.B as of 03/31/23

Distributions As of 05/13/24

30-Day SEC Yield 6.49%
12-Month Trailing Yield 6.61%
Distribution Yield 6.31%
Distribution Frequency Monthly

ETF Prices As of 05/13/24

NAV $19.58 Daily Change $0.04 0.20%
Market Price $19.62 Daily Change $0.10 0.51%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 8.33% 8.38% 8.60%
3 Years -1.85% -1.91% -1.72%
5 Years 2.16% 2.17% 2.35%
Since Inception 2.38% 2.46% 2.58%
1 Year 3.65% 3.33% 3.88%
3 Years -3.42% -3.60% -3.31%
5 Years 1.27% 1.17% 1.44%
Since Inception 1.82% 1.83% 2.01%
Year-to-Date 4.86% 5.02% 4.91%
1 Month 0.28% 0.42% 0.31%
3 Months 4.86% 5.02% 4.91%
Since Inception 16.70% 17.26% 18.14%
Year-to-Date 1.28% 1.01% 1.31%
1 Month -3.42% -3.81% -3.43%
3 Months -2.01% -2.51% -1.98%
Since Inception 12.71% 12.79% 14.09%

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 05/13/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.00 WFC WFC 7 1/2 PERP B3KRSW9 1,170.98 80,939 94,777,545.53
2.68 BAC BAC 7 1/4 PERP B2PB3Z7 1,177.46 53,881 63,442,452.86
2.28 C C 11.949 10/30/40 B3Z1BZ0 29.50 1,831,475 54,028,512.50
1.60 JPM JPM 6 PERP BJ2KBT6 25.09 1,508,614 37,851,125.26
1.54 APO APO 6 3/4 07/31/26 BQVW6Z3 62.06 586,097 36,373,179.82
1.52 NEE NEE 6.926 09/01/25 BQV3827 44.20 812,297 35,903,527.40
1.45 JPM JPM 5 3/4 PERP BFY34D0 24.79 1,383,194 34,289,379.26
1.42 WFC WFC 4 3/4 PERP BJVB6B7 20.52 1,641,090 33,675,166.80
1.31 JPM JPM 4 5/8 PERP BND7XB0 20.60 1,508,594 31,077,036.40
1.31 JPM JPM 4.2 PERP BN75VC7 18.96 1,630,909 30,922,034.64
1.20 T T 4 3/4 PERP BLL1ZY7 19.90 1,427,047 28,398,235.30
1.08 GS GS 6.25718 PERP B15CKS5 23.19 1,100,843 25,528,549.17
1.05 JPM JPM 4.55 PERP BM8TGF9 20.23 1,223,164 24,744,607.72
1.04 T T 5.35 11/01/66 BF545Q2 22.91 1,078,418 24,706,556.38
1.03 COF COF 5 PERP BGMJPW3 20.01 1,223,164 24,475,511.64
1.01 BAC BAC 6 PERP BFZNM46 25.05 954,722 23,915,786.10
0.95 BAC BAC 5 3/8 PERP BJN6RX9 23.07 977,412 22,548,894.84
0.89 MS MS 6 1/2 PERP BQH5ZL5 25.64 825,209 21,158,358.76
0.89 MS MS 6.29017 PERP B1802M4 23.10 907,666 20,967,084.60
0.88 ALL ALL 5.1 PERP BKDKS91 22.16 937,662 20,778,589.92
0.87 T T 5 PERP BKPK060 21.15 978,474 20,689,832.73
0.87 DUK DUK 5 3/4 PERP BJXH6L3 24.97 825,189 20,604,969.33
0.85 MS MS 6 3/8 PERP BQT2G00 25.04 802,593 20,096,928.72
0.85 BAC BAC 5 PERP BKVJXF1 21.78 920,183 20,041,585.74
0.84 MS MS 5.85 PERP BYYYY81 24.52 815,345 19,990,221.04
0.84 MS MS 4 1/4 PERP BMF4W82 18.96 1,042,638 19,763,203.29
0.81 WFC WFC 4.7 PERP BMYVT83 20.48 937,088 19,191,562.24
0.81 WFC WFC 4 1/4 PERP BP91X65 18.74 1,019,207 19,099,939.18
0.80 COF COF 4.8 PERP BK9PWX2 19.00 1,000,665 19,012,635.00
0.80 BAC BAC 6.45 12/15/66 BF2PL60 25.35 742,681 18,826,220.67
0.76 MS MS 7 1/8 PERP BF4YJ94 25.41 711,626 18,082,416.66
0.76 SO SO 4.95 01/30/2080 BKM3QB9 21.70 825,189 17,906,601.30
0.75 MS MS 6 7/8 PERP BH5QGM5 25.29 701,341 17,736,913.89
0.72 MET MET 4 3/4 PERP BL3BQ19 20.67 825,189 17,056,656.63
0.72 ATH ATH 6.35 PERP BPSKDY1 23.95 711,626 17,043,442.70
0.72 BAC BAC 4 1/4 PERP BMH4QB1 18.49 917,153 16,958,158.97
0.72 USB USB 6.19017 PERP B125QN4 20.53 825,189 16,941,130.17
0.71 WFC WFC 4 3/8 PERP BL5C513 19.30 866,584 16,725,071.20
0.69 T T 5 5/8 08/01/67 BDDJDF0 23.91 680,872 16,279,649.52
0.68 AEGON AEGON 5.1 12/15/49 BK59DD5 21.46 754,247 16,186,140.62
0.67 MET MET 5 5/8 PERP BG43LW5 23.91 664,196 15,880,926.36
0.67 F F 6 12/01/59 BJP1KW2 24.03 660,289 15,866,744.67
0.67 JPM JPM 4 3/4 PERP BK57WX2 21.24 742,758 15,776,179.92
0.66 SCHW SCHW 5.95 PERP BYPFT55 25.09 618,964 15,529,806.76
0.64 TFC TFC 4 3/4 PERP BLD4B13 19.95 763,268 15,227,196.60
0.64 RGA RGA 7 1/8 10/15/52 BMG9SY4 26.17 577,510 15,113,436.70
0.63 SRE SRE 5 3/4 07/01/2079 BK8LV34 23.96 625,224 14,980,367.04
0.63 F F 6.2 06/01/59 BJ029D4 24.12 618,964 14,929,411.68
0.63 BAC BAC 5 7/8 PERP BYVQZ09 24.63 601,920 14,825,289.60
0.62 BAC BAC 4 3/8 PERP BMVXBP3 19.37 760,073 14,722,614.01
0.61 GS GS 6.33718 PERP B07GC93 23.35 618,952 14,452,591.10
0.61 EQH EQH 5 1/4 PERP BKRMRC9 21.73 660,289 14,348,079.97
0.59 NEE NEE 5.65 03/01/2079 BH3JGK4 24.55 567,225 13,925,373.75
0.58 WFC WFC 5 5/8 PERP BYQHXS1 23.91 569,358 13,613,349.78
0.56 ALL ALL 7 3/8 PERP BNBXR41 26.94 495,070 13,337,185.80
0.55 QRTEV QRTEA 8 03/15/31 BMH2T16 49.85 261,859 13,053,671.15
0.55 APO APO 7 5/8 09/15/53 BQC5ZW1 26.83 482,932 12,954,650.90
0.52 CMS CMS 5 7/8 03/01/2079 BJJP666 24.43 506,856 12,382,492.08
0.51 ATH ATH 6 3/8 PERP BMG0ZK2 24.91 482,405 12,016,708.55
0.50 F F 6 1/2 08/15/62 BPJK038 24.73 482,212 11,925,488.53
0.50 MET MET 6.59088 PERP B0B87W3 24.63 482,186 11,873,830.25
0.50 EIX EIX 7 1/2 PERP BLFB156 26.40 448,482 11,839,924.80
0.50 BAC BAC 4 1/8 PERP BN4Q1G7 18.20 645,432 11,746,862.40
0.49 SO SO 4.2 10/15/60 BMGS0L2 19.27 603,257 11,624,762.39
0.49 JXN JXN 8 PERP BMW6VL7 26.06 442,136 11,522,064.16
0.49 WCC WCC 10 5/8 PERP BLFBXS3 26.63 432,643 11,521,283.09
0.48 LNC LNC 9 PERP BP398R1 28.11 401,917 11,296,882.08
0.47 PRU PRU 5 5/8 08/15/58 BG844G9 24.29 454,224 11,033,100.96
0.47 KEY KEY 6.2 PERP BPLPQT9 22.90 481,742 11,031,891.80
0.47 USB USB 5 1/2 PERP BDT6C58 23.84 462,065 11,015,629.60
0.46 SYF SYF 5 5/8 PERP BK77YC3 18.19 602,319 10,953,171.02
0.45 ATH ATH 7 3/4 PERP BPLKV33 26.42 401,612 10,610,589.04
0.45 USB USB 4 PERP BMFDGD2 17.61 602,487 10,609,796.07
0.44 ALL ALL 8.75516 01/15/53 B87XV26 26.14 401,431 10,493,406.34
0.44 TFC TFC 5 1/4 PERP BMFYGG8 22.39 461,755 10,338,694.45
0.42 BAC BAC 4 3/4 PERP BN7SQB0 20.48 485,594 9,944,965.12
0.42 USB USB 6.61017 PERP B617Z40 862.50 11,528 9,942,900.00
0.41 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 60.82 161,361 9,813,976.02
0.41 SCHW SCHW 4.45 PERP BMW32F9 20.19 481,205 9,715,528.95
0.41 DUK DUK 5 5/8 09/15/2078 BFNR2X9 24.16 401,108 9,690,769.28
0.41 STT STT 5.35 PERP BYPK477 24.13 401,151 9,679,773.63
0.40 KEY KEY 6 1/8 PERP BYQR0N5 23.71 400,591 9,499,014.09
0.40 COF COF 4 3/8 PERP BMX47S9 17.45 540,792 9,436,820.40
0.40 AXS AXS 5 1/2 PERP BD2Z8N2 21.36 441,149 9,422,942.64
0.39 PSA PSA 4 5/8 PERP BLFGL51 20.50 453,424 9,295,192.00
0.39 TDS TDS 6 PERP BNSNM38 16.80 552,661 9,284,704.80
0.39 FITB FITB 9.30177 PERP BH58353 25.51 360,551 9,197,656.01
0.38 RF RF 5.7 PERP BJMXZX7 22.25 400,627 8,913,950.75
0.38 MS MS 4 7/8 PERP BK6JGG8 22.17 400,809 8,885,935.53
0.37 BHF BHF 5 3/8 PERP BN0TD19 19.04 460,507 8,768,053.28
0.36 PSA PSA 4 PERP BM91SN6 17.65 483,764 8,538,434.60
0.36 ATH ATH 4 7/8 PERP BMC8G63 18.49 460,230 8,509,652.70
0.35 SO SO 5 1/4 12/01/2077 BF0WD23 23.03 360,356 8,298,998.68
0.35 USM USM 6 1/4 09/01/69 BMGR6C2 20.61 399,844 8,240,784.84
0.35 NSUS NSUS 12.3242 01/15/43 B8S0HY0 25.33 322,370 8,165,632.10
0.34 ESGR ESGR 7 PERP BFXXB52 25.17 320,173 8,059,554.84
0.34 RGA RGA 5 3/4 06/15/56 BYT3Q98 25.15 320,196 8,052,929.40
0.34 BHF BHF 6.6 PERP BJ0M332 23.21 345,792 8,025,832.32
0.34 BHF BHF 6 3/4 PERP BM9JJ93 24.19 327,444 7,920,870.36
0.33 CTL CTL 6 1/2 09/01/56 BZ4C835 9.84 797,112 7,843,582.08
0.33 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 14.24 547,219 7,792,398.56
0.33 ACGL ACGL 4.55 PERP BNYBNX3 19.44 400,162 7,779,149.28
0.33 PRU PRU 4 1/8 09/01/60 BLB2465 19.33 399,963 7,732,159.51
0.32 USM USM 5 1/2 03/01/70 BN7J7C1 18.82 407,766 7,674,156.12
0.32 NSUS NSUS 11.2342 PERP BF0XV77 24.91 308,022 7,673,290.05
0.32 USM USM 5 1/2 06/01/70 BNMBT60 18.82 406,669 7,653,510.58
0.32 KEY KEY 5 5/8 PERP BJHDLJ0 20.80 365,856 7,609,804.80
0.32 KKR KKR 4 5/8 04/01/61 BN2D5N5 18.98 399,851 7,589,171.98
0.32 EIX EIX 5 PERP BDC3P68 19.68 379,896 7,476,353.28
0.31 DTE DTE 5 1/4 12/01/2077 BF3L703 23.08 320,000 7,385,600.00
0.31 CFG CFG 5 PERP BK229B7 20.15 365,910 7,373,086.50
0.31 FG FG 7.95 12/15/53 BNKG9F6 26.20 281,289 7,369,771.80
0.31 CG CG 4 5/8 05/15/61 BMHV4X0 18.20 400,237 7,284,313.40
0.31 HBAN HBAN 4 1/2 PERP BKPLQ32 17.85 407,746 7,278,266.10
0.31 USB USB 4 1/2 PERP BMC7GV5 19.74 365,704 7,218,996.96
0.30 ETR ETR 4 7/8 09/01/66 BZC0L09 21.56 334,386 7,209,362.16
0.30 RNR RNR 4.2 PERP BKSDN56 18.01 399,166 7,188,979.66
0.30 NYCB NYCB 6 3/8 PERP BYVLYP2 17.40 413,124 7,188,357.60
0.30 KEY KEY 5.65 PERP BYWLBZ0 20.64 345,823 7,137,786.72
0.30 HIG HIG 6 PERP BF5J7D8 24.95 281,289 7,018,160.55
0.29 BHF BHF 6 1/4 09/15/58 BF5JWJ9 22.78 305,749 6,964,962.22
0.29 NTRS NTRS 4.7 PERP BKFVZR9 20.95 325,502 6,819,266.90
0.29 USB USB 3 3/4 PERP BMFV904 16.53 407,766 6,740,371.98
0.28 BAC BAC 6.07563 PERP B1VN1F6 22.35 301,167 6,731,082.45
0.28 TDS TDS 6 5/8 PERP BMDKP83 19.20 350,166 6,723,187.20
0.28 HBAN HBAN 6 7/8 PERP BQMS207 24.86 265,033 6,588,720.38
0.28 RLJ RLJ 1.95 PERP BF2N465 24.88 262,551 6,532,268.88
0.27 EIX EIX 5 3/8 PERP BYX6KN5 23.85 272,469 6,498,385.65
0.27 PBI PBI 6.7 03/07/43 B9CDPW6 18.29 346,596 6,339,240.84
0.27 PSA PSA 4 PERP BMQ85K6 17.79 353,755 6,293,301.45
0.27 OTHER PAYABLE & RECEIVABLES 1.00 6,281,798 6,281,798.38
0.26 FCNCA FCNCA 5 3/8 PERP BLHLTL6 21.76 281,289 6,120,848.64
0.26 WTFC WTFC 6 7/8 PERP BMTCNN4 25.00 244,668 6,116,700.00
0.26 DLR DLR 5.2 PERP BKLXG10 21.75 281,289 6,116,629.31
0.26 COF COF 4 1/4 PERP BMHJZD1 17.02 359,039 6,110,843.78
0.26 PRU PRU 5.95 09/01/62 BQB5JR5 24.97 244,599 6,107,178.41
0.25 ATH ATH 5 5/8 PERP BKWG6L8 21.20 281,289 5,963,326.80
0.25 UNM UNM 6 1/4 06/15/58 BFYF0S3 24.97 238,743 5,960,219.00
0.25 ACGL ACGL 5.45 PERP BF956G8 22.66 262,900 5,957,314.00
0.25 AHL AHL 9.62352 PERP B94QMV1 25.72 230,320 5,923,830.40
0.25 VOYA VOYA 5.35 PERP BJGS497 23.91 244,599 5,848,362.09
0.25 EIX EIX 5.45 PERP BYQ69C4 24.46 238,643 5,837,207.78
0.24 AMG AMG 5 7/8 03/30/59 BJVJZF8 22.75 253,370 5,764,167.50
0.24 RF RF 4.45 PERP BP2C5M5 17.65 326,183 5,757,129.95
0.24 EIX EIX 8.58088 PERP BK74GK6 25.37 224,316 5,690,896.92
0.24 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 16.85 333,598 5,621,126.30
0.24 PSA PSA 5.05 PERP BF7PKX5 22.97 244,599 5,617,216.04
0.24 CTL CTL 6 3/4 06/15/57 BD2ZSL0 9.95 561,071 5,582,656.45
0.23 ALL ALL 4 3/4 PERP BK727P2 21.63 253,361 5,480,198.43
0.23 PSA PSA 5.6 PERP BGMHQB3 24.75 219,604 5,435,199.00
0.23 ASB ASB 6 5/8 03/01/33 BMX3XP5 21.98 246,448 5,415,925.72
0.23 PSA PSA 5.15 PERP BYZ2PF8 22.88 236,568 5,412,675.84
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 24.24 222,423 5,391,511.28
0.23 PSA PSA 4 7/8 PERP BK598B8 21.84 244,235 5,334,092.40
0.23 BAC NEW YORK BAC 5.9186 PERP B1GH4Y3 23.70 224,946 5,331,220.20
0.22 AL AL 9.24088 PERP BJR4L26 25.58 203,883 5,215,327.14
0.22 NRUC NRUC 5 1/2 05/15/64 BJBL059 24.25 212,351 5,149,511.75
0.21 WRB WRB 5.1 12/30/59 BJBK4B0 21.30 238,424 5,078,645.78
0.21 MTB MTB 5 5/8 PERP BPQT641 24.01 211,224 5,071,488.24
0.21 KIM KIM 5 1/4 PERP BD0RST6 22.56 222,212 5,013,369.37
0.21 SR SR 5.9 PERP BJV8KN8 24.15 207,341 5,007,285.15
0.21 OZK OZK 4 5/8 PERP BNTYXM6 16.99 293,464 4,985,953.36
0.21 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 12.55 395,177 4,959,471.35
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 19.40 254,878 4,944,633.20
0.21 ETR ETR 4 7/8 09/01/66 BD0S963 21.58 228,277 4,926,217.66
0.21 HPP HPP 4 3/4 PERP BP38WQ5 14.21 346,616 4,925,413.36
0.20 BHF BHF 4 5/8 PERP BNRLZ01 16.18 297,240 4,809,343.20
0.20 BAC BAC 6.24942 PERP B06H0T3 21.70 221,280 4,801,645.44
0.20 ETR ETR 4.9 10/01/66 BD5NDN8 21.81 218,503 4,765,550.43
0.20 WRB WRB 4 1/8 03/30/61 BNKBJW8 18.53 254,806 4,721,580.66
0.20 RNR RNR 5 3/4 PERP BFMZ665 23.32 197,887 4,614,724.84
0.19 NSUS NSUS 12.3572 PERP BYVQFR6 24.92 184,658 4,600,883.33
0.19 NAVI NAVI 6 12/15/43 BDRW5R1 19.31 237,767 4,591,280.77
0.19 BC BC 6 3/8 04/15/49 BJT13Z2 24.36 187,546 4,567,757.85
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 15.99 285,466 4,564,601.34
0.19 SF SF 6 1/8 PERP BMDX0S7 24.15 188,618 4,555,124.70
0.19 FITB FITB 4.95 PERP BKKBGL5 21.63 209,800 4,537,974.00
0.19 TVA TVA 2.134 06/01/28 2612674 22.09 202,787 4,479,564.83
0.19 SF SF 4 1/2 PERP BP38124 18.22 243,748 4,441,088.56
0.19 BIP BIP 5 1/8 PERP BPVC0M1 17.96 244,599 4,392,411.00
0.18 WAL WAL 4 1/4 PERP BNZJSP3 17.94 242,696 4,353,966.24
0.18 DTE DTE 4 3/8 12/01/2081 BNQNFS6 19.48 221,447 4,313,787.56
0.18 SLG SLG 6 1/2 PERP B89P3T1 22.50 190,038 4,274,980.83
0.18 EQH EQH 4.3 PERP BMF1DS0 17.90 238,156 4,262,349.38
0.18 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 20.86 203,883 4,252,999.38
0.18 PSA PSA 4.7 PERP BK72JQ7 20.76 204,136 4,237,863.36
0.18 SF SF 5.2 10/15/47 BD9FPT0 22.87 183,450 4,195,501.50
0.17 AMG AMG 4 3/4 09/30/60 BN0VM18 18.77 216,612 4,065,807.24
0.17 SNV SNV 8.93559 PERP BG1FRQ0 25.10 161,828 4,061,882.80
0.17 SPNT SPNT 8 PERP BMB63G7 25.09 159,655 4,005,743.95
0.17 VNO VNO 5 1/4 PERP BF5LLD2 15.35 260,583 3,999,949.05
0.17 WAFD WAFD 4 7/8 PERP BMVN6G9 16.06 243,154 3,905,053.24
0.16 AHL AHL 5 5/8 PERP BKDJPD1 19.75 196,730 3,885,417.50
0.16 KIM KIM 5 1/8 PERP BF47T71 21.80 176,566 3,849,138.80
0.16 SLM SLM 7.29088 PERP B0B87Z6 76.93 49,602 3,815,881.86
0.16 PSA PSA 4 3/4 PERP BKSD8W8 21.00 180,842 3,797,682.00
0.16 FITB FITB 6 PERP BJGTMK7 23.82 158,181 3,767,871.42
0.16 DHC DHC 5 5/8 08/01/42 BKRTG67 13.11 285,406 3,741,672.66
0.16 VNO VNO 5.4 PERP B8K7RN8 15.82 235,697 3,728,726.54
0.16 TVA TVA 2.216 05/01/29 2520249 21.53 172,917 3,722,903.01
0.15 FCNCA FCNCA 5 5/8 PERP BMQ7J12 22.85 158,403 3,619,508.55
0.15 WRB WRB 5.7 03/30/58 BFMXK34 23.65 150,802 3,566,467.30
0.15 PSA PSA 4.1 PERP BMX8DR2 18.05 196,265 3,542,426.24
0.15 BEPUCN BEPUCN 4 7/8 PERP BMV7W07 17.02 205,617 3,499,498.53
0.14 HBAN 5.7 PERP BMHH2W3 22.20 153,260 3,402,946.73
0.14 NSUS NSUS 12.4709 PERP BD1KJ79 24.91 136,451 3,399,608.44
0.14 AFG AFG 4 1/2 09/15/60 BN76JV5 19.01 174,010 3,307,060.05
0.14 PRE PRE 4 7/8 PERP BN6JKG7 19.98 163,086 3,257,642.85
0.14 CMS CMS 4.2 PERP BLNB396 18.85 171,192 3,226,952.08
0.13 BAC BAC 6.34942 PERP B0PR2S7 22.63 139,895 3,166,265.92
0.13 SITC SITC 6 3/8 PERP BGL0NT0 22.10 138,511 3,061,093.10
0.13 FHN FHN 6 1/2 PERP BMH5VC0 23.99 127,282 3,053,800.66
0.12 TRTN TRTN 8 PERP BJK4N72 25.25 113,728 2,871,632.00
0.12 BPY BPY 5 3/4 PERP BLK7825 12.61 227,045 2,863,037.45
0.12 BPY BPY 6 3/8 PERP BK1KVK5 13.98 203,883 2,850,284.34
0.12 ZION ZION 9.83088 PERP B8GFK37 25.75 110,435 2,843,701.25
0.12 TRTN TRTN 6 7/8 PERP BMTQTF0 23.35 118,620 2,769,777.00
0.12 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 22.33 122,300 2,730,959.00
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.34 93,813 2,377,221.42
0.10 CFR CFR 4.45 PERP BNKVVC2 18.96 118,338 2,243,688.48
0.09 EPR EPR 5 3/4 PERP B8MGH66 19.43 109,927 2,135,331.98
0.09 VLY VLY 6 1/4 PERP BYNMCH1 22.66 90,397 2,048,396.02
0.09 BPY BPY 6 1/2 PERP BJHJQ37 14.10 142,870 2,014,467.00
0.08 VLY VLY 9.14152 PERP BDGSY95 24.97 79,780 1,992,106.60
0.08 NYCB NYCB 6 11/01/51 2049603 33.70 55,764 1,879,246.80
0.08 ASB ASB 5 5/8 PERP BMTD069 20.04 90,010 1,803,800.40
0.07 ASB ASB 5 7/8 PERP BG2F3F0 20.72 78,303 1,622,438.16
0.06 OPI OPI 6 3/8 06/23/50 BK80YB0 10.44 132,114 1,379,476.52
-0.05 CASH 1.00 -1,143,508 -1,143,508.42
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.