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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 04/26/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.33 billion
NAV $19.41
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 04/25/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 120,000,000
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 04/26/24

30-Day SEC Yield 6.24%
12-Month Trailing Yield 6.67%
Distribution Yield 6.58%
Distribution Frequency Monthly

ETF Prices As of 04/26/24

NAV $19.41 Daily Change -$0.03 -0.15%
Market Price $19.37 Daily Change -$0.05 -0.26%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (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 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%
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 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%

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 04/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.98 WFC WFC 7 1/2 PERP B3KRSW9 1,155.00 80,239 92,676,045.00
2.69 BAC BAC 7 1/4 PERP B2PB3Z7 1,156.00 54,139 62,584,684.00
2.27 C C 11.949 10/30/40 B3Z1BZ0 29.08 1,816,375 52,820,185.00
1.62 JPM JPM 6 PERP BJ2KBT6 25.25 1,496,114 37,776,878.50
1.57 APO APO 6 3/4 07/31/26 BQVW6Z3 62.98 581,277 36,608,825.46
1.47 JPM JPM 5 3/4 PERP BFY34D0 24.90 1,371,794 34,157,670.60
1.44 WFC WFC 4 3/4 PERP BJVB6B7 20.53 1,627,530 33,413,190.90
1.40 NEE NEE 6.926 09/01/25 BQV3827 40.15 808,732 32,470,589.80
1.34 JPM JPM 4 5/8 PERP BND7XB0 20.91 1,496,114 31,283,743.74
1.33 JPM JPM 4.2 PERP BN75VC7 19.16 1,617,429 30,983,469.92
1.20 T T 4 3/4 PERP BLL1ZY7 19.72 1,415,247 27,908,670.84
1.07 JPM JPM 4.55 PERP BM8TGF9 20.55 1,213,064 24,928,465.20
1.05 GS GS 6.23296 PERP B15CKS5 22.43 1,091,743 24,487,795.49
1.03 T T 5.35 11/01/66 BF545Q2 22.51 1,069,518 24,074,850.18
1.03 BAC BAC 6 PERP BFZNM46 25.21 946,902 23,871,399.42
1.02 COF COF 5 PERP BGMJPW3 19.59 1,213,064 23,763,923.76
0.96 BAC BAC 5 3/8 PERP BJN6RX9 23.09 969,412 22,383,723.08
0.90 MS MS 6 1/2 PERP BQH5ZL5 25.47 818,489 20,846,914.83
0.89 T T 5 PERP BKPK060 21.10 982,060 20,721,466.00
0.88 MS MS 6 3/8 PERP BQT2G00 25.06 818,489 20,511,334.34
0.88 ALL ALL 5.1 PERP BKDKS91 21.78 941,303 20,501,579.34
0.87 DUK DUK 5 3/4 PERP BJXH6L3 24.79 818,489 20,290,342.31
0.86 MS MS 6.29017 PERP B1802M4 22.30 900,266 20,075,931.80
0.86 MS MS 4 1/4 PERP BMF4W82 18.81 1,064,129 20,016,266.49
0.85 MS MS 5.85 PERP BYYYY81 24.24 818,489 19,840,173.36
0.85 BAC BAC 5 PERP BKVJXF1 21.66 912,663 19,768,280.58
0.84 WFC WFC 4.7 PERP BMYVT83 20.49 957,505 19,619,277.45
0.82 COF COF 4.8 PERP BK9PWX2 18.68 1,023,080 19,111,134.40
0.82 WFC WFC 4 1/4 PERP BP91X65 18.67 1,023,080 19,100,903.60
0.80 BAC BAC 6.45 12/15/66 BF2PL60 25.28 736,581 18,620,767.68
0.77 MS MS 7 1/8 PERP BF4YJ94 25.28 705,826 17,843,281.28
0.76 SO SO 4.95 01/30/2080 BKM3QB9 21.63 818,489 17,703,917.07
0.75 MS MS 6 7/8 PERP BH5QGM5 25.24 695,641 17,557,978.84
0.73 BAC BAC 4 1/4 PERP BMH4QB1 18.63 909,653 16,946,835.39
0.73 MET MET 4 3/4 PERP BL3BQ19 20.69 818,489 16,934,537.41
0.71 WFC WFC 4 3/8 PERP BL5C513 19.23 859,504 16,528,261.92
0.71 ATH ATH 6.35 PERP BPSKDY1 23.24 705,826 16,403,396.24
0.70 USB USB 6.19017 PERP B125QN4 19.90 818,489 16,287,931.10
0.69 T T 5 5/8 08/01/67 BDDJDF0 23.70 675,272 16,003,946.40
0.69 AEGON AEGON 5.1 12/15/49 BK59DD5 21.32 748,047 15,948,362.04
0.68 JPM JPM 4 3/4 PERP BK57WX2 21.56 736,678 15,882,777.68
0.68 F F 6 12/01/59 BJP1KW2 24.13 654,889 15,802,471.57
0.66 MET MET 5 5/8 PERP BG43LW5 23.46 658,796 15,455,354.16
0.66 SCHW SCHW 5.95 PERP BYPFT55 24.88 613,864 15,272,936.32
0.66 TFC TFC 4 3/4 PERP BLD4B13 20.17 757,048 15,269,658.16
0.64 SRE SRE 5 3/4 07/01/2079 BK8LV34 23.92 620,124 14,833,366.08
0.64 RGA RGA 7 1/8 10/15/52 BMG9SY4 25.89 572,810 14,830,050.90
0.64 F F 6.2 06/01/59 BJ029D4 24.11 613,864 14,800,261.04
0.63 BAC BAC 5 7/8 PERP BYVQZ09 24.61 597,020 14,692,662.20
0.62 BAC BAC 4 3/8 PERP BMVXBP3 19.13 753,873 14,421,590.49
0.62 EQH EQH 5 1/4 PERP BKRMRC9 21.91 654,889 14,348,617.99
0.59 GS GS 6.31296 PERP B07GC93 22.41 613,852 13,756,423.32
0.59 NEE NEE 5.65 03/01/2079 BH3JGK4 24.30 562,625 13,671,787.50
0.58 WFC WFC 5 5/8 PERP BYQHXS1 23.75 564,738 13,412,527.50
0.57 ALL ALL 7 3/8 PERP BNBXR41 26.82 491,050 13,169,961.00
0.54 APO APO 7 5/8 09/15/53 BQC5ZW1 26.40 478,932 12,643,804.80
0.52 CMS CMS 5 7/8 03/01/2079 BJJP666 24.28 502,656 12,204,487.68
0.51 QRTEV QRTEA 8 03/15/31 BMH2T16 46.08 259,759 11,969,694.72
0.51 ATH ATH 6 3/8 PERP BMG0ZK2 24.89 478,405 11,907,500.45
0.51 F F 6 1/2 08/15/62 BPJK038 24.81 478,192 11,865,736.74
0.50 EIX EIX 7 1/2 PERP BLFB156 26.20 444,782 11,653,288.40
0.50 SO SO 4.2 10/15/60 BMGS0L2 19.44 598,157 11,628,172.08
0.50 BAC BAC 4 1/8 PERP BN4Q1G7 18.10 640,132 11,586,389.20
0.49 MET MET 6.59088 PERP B0B87W3 24.05 478,166 11,499,892.30
0.49 JXN JXN 8 PERP BMW6VL7 26.08 438,436 11,434,410.88
0.49 WCC WCC 10 5/8 PERP BLFBXS3 26.38 429,043 11,318,154.34
0.47 PRU PRU 5 5/8 08/15/58 BG844G9 24.32 450,424 10,954,311.68
0.46 LNC LNC 9 PERP BP398R1 27.05 398,517 10,779,884.85
0.46 USB USB 5 1/2 PERP BDT6C58 23.50 458,165 10,766,877.50
0.46 SYF SYF 5 5/8 PERP BK77YC3 18.02 597,239 10,762,246.78
0.45 KEY KEY 6.2 PERP BPLPQT9 22.01 477,742 10,515,101.42
0.45 ATH ATH 7 3/4 PERP BPLKV33 26.11 398,232 10,397,837.52
0.45 USB USB 4 PERP BMFDGD2 17.33 597,387 10,352,716.71
0.44 TFC TFC 5 1/4 PERP BMFYGG8 22.51 457,855 10,304,026.78
0.44 ALL ALL 8.75517 01/15/53 B87XV26 25.88 398,031 10,301,042.28
0.43 USB USB 6.61017 PERP B617Z40 882.50 11,428 10,085,210.00
0.43 BAC BAC 4 3/4 PERP BN7SQB0 20.75 481,594 9,993,075.50
0.41 SCHW SCHW 4.45 PERP BMW32F9 19.97 477,205 9,529,783.85
0.41 STT STT 5.35 PERP BYPK477 23.90 397,751 9,506,248.90
0.41 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 59.39 159,961 9,500,083.79
0.41 DUK DUK 5 5/8 09/15/2078 BFNR2X9 23.75 397,708 9,445,565.00
0.40 PSA PSA 4 5/8 PERP BLFGL51 20.56 449,624 9,244,269.44
0.39 COF COF 4 3/8 PERP BMX47S9 17.09 536,292 9,165,230.28
0.39 AXS AXS 5 1/2 PERP BD2Z8N2 20.92 437,449 9,151,433.08
0.39 FITB FITB 9.30177 PERP BH58353 25.26 357,551 9,031,738.26
0.39 KEY KEY 6 1/8 PERP BYQR0N5 22.60 397,211 8,976,968.60
0.38 MS MS 4 7/8 PERP BK6JGG8 22.12 397,409 8,790,687.08
0.37 RF RF 5.7 PERP BJMXZX7 21.94 397,227 8,715,160.38
0.37 PSA PSA 4 PERP BM91SN6 17.74 479,664 8,509,239.36
0.36 BHF BHF 5 3/8 PERP BN0TD19 18.58 456,607 8,483,758.06
0.36 TDS TDS 6 PERP BNSNM38 15.23 548,061 8,346,969.03
0.35 SO SO 5 1/4 12/01/2077 BF0WD23 22.96 357,356 8,204,893.76
0.35 NSUS NSUS 12.3242 01/15/43 B8S0HY0 25.25 319,670 8,071,667.50
0.35 ESGR ESGR 7 PERP BFXXB52 25.41 317,473 8,066,988.93
0.35 ATH ATH 4 7/8 PERP BMC8G63 17.61 456,330 8,035,971.30
0.34 RGA RGA 5 3/4 06/15/56 BYT3Q98 24.85 317,496 7,889,775.60
0.33 BHF BHF 6.6 PERP BJ0M332 22.68 342,892 7,776,790.56
0.33 NSUS NSUS 11.2342 PERP BF0XV77 25.43 305,422 7,766,881.46
0.33 PRU PRU 4 1/8 09/01/60 BLB2465 19.57 396,563 7,760,737.91
0.33 ACGL ACGL 4.55 PERP BNYBNX3 19.46 396,762 7,720,988.52
0.33 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 14.21 542,719 7,712,036.99
0.33 CTL CTL 6 1/2 09/01/56 BZ4C835 9.74 790,512 7,699,586.88
0.33 BHF BHF 6 3/4 PERP BM9JJ93 23.47 324,744 7,621,741.68
0.33 KKR KKR 4 5/8 04/01/61 BN2D5N5 19.08 396,451 7,564,285.08
0.32 USM USM 6 1/4 09/01/69 BMGR6C2 19.05 396,444 7,552,258.20
0.32 KEY KEY 5 5/8 PERP BJHDLJ0 20.36 362,856 7,387,748.16
0.32 CG CG 4 5/8 05/15/61 BMHV4X0 18.57 396,837 7,369,263.09
0.31 DTE DTE 5 1/4 12/01/2077 BF3L703 23.07 317,300 7,320,111.00
0.31 EIX EIX 5 PERP BDC3P68 19.43 376,696 7,319,203.28
0.31 HBAN HBAN 4 1/2 PERP BKPLQ32 17.97 404,366 7,266,457.02
0.31 FG FG 7.95 12/15/53 BNKG9F6 25.97 278,989 7,245,344.33
0.31 CFG CFG 5 PERP BK229B7 19.60 362,910 7,113,036.00
0.31 USM USM 5 1/2 03/01/70 BN7J7C1 17.55 404,366 7,096,623.30
0.30 USM USM 5 1/2 06/01/70 BNMBT60 17.57 403,269 7,085,436.33
0.30 USB USB 4 1/2 PERP BMC7GV5 19.47 362,704 7,061,846.88
0.30 ETR ETR 4 7/8 09/01/66 BZC0L09 21.15 331,586 7,013,043.90
0.30 HIG HIG 6 PERP BF5J7D8 25.10 278,989 7,002,623.90
0.30 KEY KEY 5.65 PERP BYWLBZ0 20.35 342,943 6,978,890.05
0.30 RNR RNR 4.2 PERP BKSDN56 17.51 395,766 6,929,862.66
0.29 BHF BHF 6 1/4 09/15/58 BF5JWJ9 22.59 303,249 6,850,394.91
0.29 NTRS NTRS 4.7 PERP BKFVZR9 20.97 322,802 6,769,157.94
0.29 BAC BAC 6.07563 PERP B1VN1F6 22.17 298,767 6,623,664.39
0.28 USB USB 3 3/4 PERP BMFV904 16.30 404,366 6,591,165.80
0.28 NYCB NYCB 6 3/8 PERP BYVLYP2 15.95 409,624 6,533,502.80
0.28 HBAN HBAN 6 7/8 PERP BQMS207 24.66 262,833 6,481,461.78
0.28 RLJ RLJ 1.95 PERP BF2N465 24.58 260,351 6,399,427.58
0.27 EIX EIX 5 3/8 PERP BYX6KN5 23.20 270,269 6,270,240.80
0.27 PSA PSA 4 PERP BMQ85K6 17.59 350,855 6,171,539.45
0.26 TDS TDS 6 5/8 PERP BMDKP83 17.56 347,366 6,099,746.96
0.26 PRU PRU 5.95 09/01/62 BQB5JR5 25.08 242,599 6,084,382.92
0.26 WTFC WTFC 6 7/8 PERP BMTCNN4 24.95 242,768 6,057,061.60
0.26 PSA PSA 5.6 PERP BGMHQB3 24.83 241,149 5,987,729.67
0.26 COF COF 4 1/4 PERP BMHJZD1 16.72 356,139 5,954,644.08
0.25 DLR DLR 5.2 PERP BKLXG10 21.15 278,989 5,900,617.35
0.25 OTHER PAYABLE & RECEIVABLES 1.00 5,868,790 5,868,789.71
0.25 VOYA VOYA 5.35 PERP BJGS497 24.17 242,599 5,863,617.83
0.25 ACGL ACGL 5.45 PERP BF956G8 22.43 260,700 5,847,501.00
0.25 FCNCA FCNCA 5 3/8 PERP BLHLTL6 20.92 278,989 5,835,054.94
0.25 AHL AHL 9.62352 PERP B94QMV1 25.47 228,420 5,817,857.40
0.25 PSA PSA 4 7/8 PERP BK598B8 21.72 267,456 5,809,144.32
0.25 UNM UNM 6 1/4 06/15/58 BFYF0S3 24.27 236,743 5,745,752.61
0.25 EIX EIX 5.45 PERP BYQ69C4 24.27 236,643 5,743,325.61
0.25 ATH ATH 5 5/8 PERP BKWG6L8 20.45 278,989 5,705,325.05
0.24 PBI PBI 6.7 03/07/43 B9CDPW6 16.40 343,716 5,636,942.40
0.24 RF RF 4.45 PERP BP2C5M5 17.42 323,483 5,633,779.93
0.24 AMG AMG 5 7/8 03/30/59 BJVJZF8 22.40 251,370 5,629,431.15
0.24 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 16.93 330,898 5,602,103.14
0.24 PSA PSA 5.05 PERP BF7PKX5 23.01 242,599 5,582,202.99
0.24 EIX EIX 8.58088 PERP BK74GK6 25.02 222,416 5,564,848.32
0.23 CTL CTL 6 3/4 06/15/57 BD2ZSL0 9.75 556,671 5,427,542.25
0.23 ASB ASB 6 5/8 03/01/33 BMX3XP5 22.16 244,448 5,416,967.68
0.23 PSA PSA 5.15 PERP BYZ2PF8 23.00 234,668 5,397,364.00
0.23 ALL ALL 4 3/4 PERP BK727P2 21.13 251,361 5,311,257.93
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 24.02 220,523 5,296,962.46
0.23 NRUC NRUC 5 1/2 05/15/64 BJBL059 24.84 210,651 5,232,570.84
0.22 BAC NEW YORK BAC 5.9186 PERP B1GH4Y3 23.30 223,146 5,199,321.88
0.22 AL AL 9.24088 PERP BJR4L26 25.25 202,183 5,105,120.75
0.22 WRB WRB 5.1 12/30/59 BJBK4B0 21.28 236,424 5,031,102.72
0.21 KIM KIM 5 1/4 PERP BD0RST6 22.47 220,412 4,952,657.64
0.21 SR SR 5.9 PERP BJV8KN8 23.81 205,641 4,896,312.21
0.21 OZK OZK 4 5/8 PERP BNTYXM6 16.81 291,084 4,893,122.04
0.21 MTB MTB 5 5/8 PERP BPQT641 22.90 209,524 4,798,099.60
0.21 ETR ETR 4 7/8 09/01/66 BD0S963 21.17 226,477 4,794,518.09
0.21 HPP HPP 4 3/4 PERP BP38WQ5 13.92 343,716 4,784,526.72
0.21 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 12.20 391,797 4,779,923.40
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 18.87 252,878 4,771,807.86
0.20 BAC BAC 6.24942 PERP B06H0T3 21.56 219,580 4,734,144.80
0.20 NSUS NSUS 12.3572 PERP BYVQFR6 25.53 183,158 4,676,023.74
0.20 ETR ETR 4.9 10/01/66 BD5NDN8 21.52 216,723 4,663,878.96
0.20 WRB WRB 4 1/8 03/30/61 BNKBJW8 18.38 252,806 4,646,574.28
0.20 BHF BHF 4 5/8 PERP BNRLZ01 15.72 294,840 4,634,884.80
0.20 RNR RNR 5 3/4 PERP BFMZ665 23.15 196,187 4,541,729.05
0.19 NAVI NAVI 6 12/15/43 BDRW5R1 19.20 235,767 4,526,726.40
0.19 FITB FITB 4.95 PERP BKKBGL5 21.53 208,100 4,480,393.00
0.19 BC BC 6 3/8 04/15/49 BJT13Z2 24.01 186,026 4,465,554.13
0.19 SF SF 6 1/8 PERP BMDX0S7 23.66 187,118 4,427,211.88
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 15.60 283,066 4,415,829.60
0.19 TVA TVA 2.134 06/01/28 2612674 21.86 201,087 4,395,761.82
0.19 BIP BIP 5 1/8 PERP BPVC0M1 17.82 242,599 4,323,114.18
0.19 DTE DTE 4 3/8 12/01/2081 BNQNFS6 19.64 219,547 4,311,903.08
0.18 SF SF 4 1/2 PERP BP38124 17.45 241,748 4,218,478.43
0.18 EQH EQH 4.3 PERP BMF1DS0 17.83 236,156 4,210,661.48
0.18 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 20.77 202,183 4,199,340.91
0.18 PSA PSA 4.7 PERP BK72JQ7 20.70 202,436 4,190,425.20
0.18 WAL WAL 4 1/4 PERP BNZJSP3 17.40 240,696 4,188,110.40
0.18 SLG SLG 6 1/2 PERP B89P3T1 22.14 188,538 4,174,231.32
0.17 SPNT SPNT 8 PERP BMB63G7 25.30 158,335 4,005,717.17
0.17 SNV SNV 8.93848 PERP BG1FRQ0 24.94 160,528 4,004,162.27
0.17 AMG AMG 4 3/4 09/30/60 BN0VM18 18.60 214,712 3,993,643.20
0.17 SF SF 5.2 10/15/47 BD9FPT0 21.89 181,950 3,982,885.50
0.17 VNO VNO 5 1/4 PERP BF5LLD2 15.01 258,403 3,878,629.03
0.17 DHC DHC 5 5/8 08/01/42 BKRTG67 13.05 294,858 3,847,896.90
0.16 CMS CMS 4.2 PERP BLNB396 19.27 198,724 3,829,411.48
0.16 KIM KIM 5 1/8 PERP BF47T71 21.82 175,066 3,819,940.12
0.16 AHL AHL 5 5/8 PERP BKDJPD1 19.35 195,030 3,773,830.50
0.16 WAFD WAFD 4 7/8 PERP BMVN6G9 15.61 241,154 3,764,413.94
0.16 SLM SLM 7.29088 PERP B0B87Z6 76.15 49,202 3,746,732.30
0.16 PSA PSA 4 3/4 PERP BKSD8W8 20.82 179,342 3,733,900.44
0.16 FITB FITB 6 PERP BJGTMK7 23.45 156,881 3,678,859.45
0.16 TVA TVA 2.216 05/01/29 2520249 21.40 171,517 3,670,721.08
0.16 VNO VNO 5.4 PERP B8K7RN8 15.45 233,697 3,610,618.65
0.15 WRB WRB 5.7 03/30/58 BFMXK34 23.42 149,602 3,503,678.84
0.15 PSA PSA 4.1 PERP BMX8DR2 17.98 194,565 3,498,278.70
0.15 NSUS NSUS 12.4709 PERP BD1KJ79 25.54 135,251 3,454,242.91
0.15 FCNCA FCNCA 5 5/8 PERP BMQ7J12 21.73 157,103 3,413,848.19
0.14 BEPUCN BEPUCN 4 7/8 PERP BMV7W07 16.28 203,837 3,318,466.36
0.14 AFG AFG 4 1/2 09/15/60 BN76JV5 18.83 172,690 3,251,752.70
0.14 HBAN 5.7 PERP BMHH2W3 21.28 152,060 3,235,076.50
0.14 PRE PRE 4 7/8 PERP BN6JKG7 19.75 161,766 3,194,878.50
0.14 BAC BAC 6.34942 PERP B0PR2S7 22.60 138,695 3,134,507.00
0.13 SITC SITC 6 3/8 PERP BGL0NT0 21.93 137,311 3,011,230.23
0.13 FHN FHN 6 1/2 PERP BMH5VC0 23.74 126,282 2,997,934.68
0.12 BPY BPY 5 3/4 PERP BLK7825 12.64 225,145 2,845,832.80
0.12 TRTN TRTN 8 PERP BJK4N72 25.06 112,728 2,824,963.68
0.12 ZION ZION 9.83088 PERP B8GFK37 25.54 109,535 2,797,523.90
0.12 BPY BPY 6 3/8 PERP BK1KVK5 13.65 202,183 2,759,797.95
0.12 TRTN TRTN 6 7/8 PERP BMTQTF0 23.09 117,620 2,715,845.80
0.12 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 22.06 121,300 2,675,878.00
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.83 93,013 2,402,525.79
0.09 CFR CFR 4.45 PERP BNKVVC2 18.34 117,338 2,151,978.92
0.09 EPR EPR 5 3/4 PERP B8MGH66 18.91 109,027 2,061,700.57
0.09 BPY BPY 6 1/2 PERP BJHJQ37 14.54 141,670 2,059,881.80
0.08 VLY VLY 6 1/4 PERP BYNMCH1 21.65 89,597 1,939,775.05
0.08 VLY VLY 9.14152 PERP BDGSY95 24.07 79,080 1,903,455.60
0.07 ASB ASB 5 5/8 PERP BMTD069 19.09 89,310 1,704,927.90
0.07 NYCB NYCB 6 11/01/51 2049603 30.37 55,264 1,678,367.68
0.07 ASB ASB 5 7/8 PERP BG2F3F0 20.01 77,603 1,552,836.03
0.06 OPI OPI 6 3/8 06/23/50 BK80YB0 10.94 131,014 1,433,293.16
0.00 CASH 1.00 68,910 68,909.72
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.