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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 03/25/25

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.34 billion
NAV $19.51
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 03/25/25

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 120,140,000
Number of Holdings 216
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.A as of 03/31/24

Distributions As of 03/25/25

30-Day SEC Yield 6.28%
Trailing 12-Month Distribution (%) 1 6.58%
Distribution Rate 2 6.16%
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 03/25/25

NAV $19.51 Daily Change $0.02 0.10%
Market Price $19.50 Daily Change $0.03 0.15%

Performance History

As of recent
(12/31/24)
As of recent
(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 4.55% 4.75% 4.83%
3 Years 0.44% 0.39% 0.62%
5 Years 1.91% 1.89% 2.07%
Since Inception 2.66% 2.73% 2.86%
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 1.81% 2.32% 1.83%
1 Month 0.93% 0.83% 0.94%
3 Months -1.90% -1.70% -1.86%
Since Inception 21.67% 22.32% 23.47%

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 03/25/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.98 WFC WFC 7 1/2 PERP B3KRSW9 1,205.14 77,320 93,181,625.83
2.87 BAC BAC 7 1/4 PERP B2PB3Z7 1,232.00 54,632 67,306,624.00
2.24 C C 10.9185 10/30/40 B3Z1BZ0 29.96 1,755,136 52,583,874.56
1.89 APO APO 6 3/4 07/31/26 BQVW6Z3 78.88 561,652 44,303,109.76
1.56 JPM JPM 6 PERP BJ2KBT6 25.36 1,445,461 36,656,890.96
1.56 NEE NEE 7.299 06/01/27 BPBP9W3 47.18 773,306 36,484,577.08
1.46 ALB ALB 7 1/4 03/01/27 BPCTR42 38.28 896,062 34,301,253.36
1.42 JPM JPM 5 3/4 PERP BFY34D0 25.08 1,325,268 33,237,721.44
1.34 WFC WFC 4 3/4 PERP BJVB6B7 20.02 1,568,024 31,391,840.48
1.26 JPM JPM 4.2 PERP BN75VC7 18.88 1,558,074 29,416,437.12
1.25 HPE HPE 7 5/8 09/01/27 BRBVKF5 50.34 582,681 29,332,161.54
1.25 JPM JPM 4 5/8 PERP BND7XB0 20.51 1,429,955 29,328,377.05
1.16 T T 4 3/4 PERP BLL1ZY7 19.93 1,363,103 27,166,642.79
1.04 T T 5.35 11/01/66 BF545Q2 23.59 1,029,857 24,294,326.63
1.02 GS GS 5.22896 PERP B15CKS5 22.68 1,051,301 23,843,506.68
1.02 BAC BAC 6 PERP BFZNM46 25.21 945,647 23,839,760.87
1.00 JPM JPM 4.55 PERP BM8TGF9 20.16 1,167,963 23,546,134.08
1.00 COF COF 5 PERP BGMJPW3 20.10 1,167,923 23,475,252.30
0.95 BAC BAC 5 3/8 PERP BJN6RX9 23.09 967,635 22,342,692.15
0.87 MS MS 6 5/8 PERP BPDXXZ6 26.30 776,631 20,425,395.30
0.86 MS MS 6 1/2 PERP BQH5ZL5 25.99 778,502 20,233,266.98
0.85 MS MS 5.26359 PERP B1802M4 23.37 854,835 19,977,408.47
0.84 MS MS 6 3/8 PERP BQT2G00 25.39 778,314 19,761,392.46
0.84 T T 5 PERP BKPK060 21.08 932,326 19,653,432.08
0.84 ALL ALL 5.1 PERP BKDKS91 22.14 887,249 19,643,692.86
0.84 BAC BAC 5 PERP BKVJXF1 21.48 911,294 19,574,595.12
0.83 DUK DUK 5 3/4 PERP BJXH6L3 25.08 778,287 19,519,437.96
0.82 BAC BAC 6.45 12/15/66 BF2PL60 25.97 736,140 19,117,555.80
0.81 MS MS 5.85 PERP BYYYY81 24.52 772,806 18,949,203.12
0.80 MS MS 4 1/4 PERP BMF4W82 18.70 1,004,582 18,785,683.40
0.80 COF COF 4.8 PERP BK9PWX2 19.17 972,735 18,647,329.95
0.75 WFC WFC 4.7 PERP BMYVT83 19.65 899,817 17,681,404.05
0.75 USB USB 5.16359 PERP B125QN4 22.62 771,895 17,460,264.90
0.74 WFC WFC 4 1/4 PERP BP91X65 18.06 961,220 17,359,633.20
0.73 MS MS 7 1/8 PERP BF4YJ94 25.67 666,310 17,104,177.70
0.71 MS MS 6 7/8 PERP BH5QGM5 25.50 656,599 16,743,274.50
0.71 BAC BAC 4 1/4 PERP BMH4QB1 18.39 909,656 16,728,573.84
0.71 ATH ATH 6.35 PERP BPSKDY1 25.04 660,215 16,531,783.60
0.68 SO SO 4.95 01/30/2080 BKM3QB9 20.82 764,341 15,913,579.62
0.67 MET MET 4 3/4 PERP BL3BQ19 20.41 766,041 15,634,896.81
0.67 MTB MTB 7 1/2 PERP BS55Z77 26.72 583,333 15,586,657.76
0.64 WFC WFC 4 3/8 PERP BL5C513 18.44 816,575 15,057,643.00
0.64 BAC BAC 5 7/8 PERP BYVQZ09 25.11 597,841 15,011,787.51
0.63 MET MET 5 5/8 PERP BG43LW5 24.00 615,709 14,777,016.00
0.62 JPM JPM 4 3/4 PERP BK57WX2 21.01 690,910 14,516,019.10
0.62 TFC TFC 4 3/4 PERP BLD4B13 20.10 719,247 14,456,864.70
0.62 SCHW SCHW 5.95 PERP BYPFT55 25.23 572,883 14,453,838.09
0.61 BAC BAC 4 3/8 PERP BMVXBP3 18.90 754,827 14,266,230.30
0.61 AEGON AEGON 5.1 12/15/49 BK59DD5 20.13 707,581 14,243,605.53
0.61 RGA RGA 7 1/8 10/15/52 BMG9SY4 26.17 542,912 14,208,007.04
0.60 CTL CTL 6 1/2 09/01/56 BZ4C835 18.82 745,313 14,026,790.66
0.57 GS GS 5.30896 PERP B07GC93 23.30 575,845 13,417,188.50
0.57 F F 6 12/01/59 BJP1KW2 21.75 609,906 13,265,455.50
0.56 EQH EQH 5 1/4 PERP BKRMRC9 21.05 621,806 13,089,016.30
0.55 F F 6.2 06/01/59 BJ029D4 22.56 572,904 12,924,714.24
0.55 ALL ALL 7 3/8 PERP BNBXR41 27.15 472,611 12,831,388.65
0.54 SRE SRE 5 3/4 07/01/2079 BK8LV34 21.89 582,983 12,761,497.87
0.54 WFC WFC 5 5/8 PERP BYQHXS1 23.99 529,212 12,695,795.88
0.53 APO APO 7 5/8 09/15/53 BQC5ZW1 26.49 467,874 12,393,982.26
0.52 NEE NEE 5.65 03/01/2079 BH3JGK4 23.22 523,273 12,150,399.06
0.49 KEY KEY 6.2 PERP BPLPQT9 24.80 462,319 11,465,511.20
0.49 BAC BAC 4 1/8 PERP BN4Q1G7 17.96 635,720 11,417,531.20
0.48 SO SO 4.2 10/15/60 BMGS0L2 18.87 598,291 11,289,751.17
0.48 MET MET 5.56089 PERP B0B87W3 24.62 457,593 11,265,939.66
0.48 CMS CMS 5 7/8 03/01/2079 BJJP666 22.96 488,633 11,219,013.68
0.48 SYF SYF 5 5/8 PERP BK77YC3 18.75 598,291 11,217,956.25
0.47 ATH ATH 7 1/4 03/30/64 BSLKYN5 25.32 438,024 11,090,767.68
0.47 JXN JXN 8 PERP BMW6VL7 26.05 419,763 10,934,826.15
0.46 LNC LNC 9 PERP BP398R1 27.02 399,216 10,786,816.32
0.46 F F 6 1/2 08/15/62 BPJK038 23.49 454,801 10,683,275.49
0.45 USB USB 5 1/2 PERP BDT6C58 23.87 440,981 10,526,216.47
0.44 BTSG BTSG 6 3/4 02/01/27 BPDYYD4 67.74 151,455 10,259,561.70
0.44 USB USB 5.58359 PERP B617Z40 896.26 11,447 10,259,488.22
0.44 TFC TFC 5 1/4 PERP BMFYGG8 22.19 459,487 10,196,016.53
0.43 PRU PRU 5 5/8 08/15/58 BG844G9 23.74 428,962 10,183,557.88
0.43 ALL ALL 7.72859 01/15/53 B87XV26 26.21 385,371 10,100,573.91
0.43 SYF SYF 8 1/4 PERP BSNWT01 25.39 392,930 9,976,492.70
0.42 USB USB 4 PERP BMFDGD2 17.31 572,212 9,904,989.72
0.42 BAC BAC 4 3/4 PERP BN7SQB0 20.48 483,631 9,904,762.88
0.42 ATH ATH 7 3/4 PERP BPLKV33 25.94 380,634 9,873,645.96
0.42 EIX EIX 7 1/2 PERP BLFB156 23.45 421,039 9,873,364.55
0.42 RF RF 5.7 PERP BJMXZX7 24.57 398,361 9,787,729.77
0.42 RF RF 6.95 PERP BNM9HL5 25.48 381,741 9,726,760.68
0.41 CTL CTL 6 3/4 06/15/57 BD2ZSL0 19.00 509,591 9,682,229.00
0.41 KEY KEY 6 1/8 PERP BYQR0N5 25.09 382,690 9,601,692.10
0.41 USM USM 6 1/4 09/01/69 BMGR6C2 23.96 400,565 9,597,537.40
0.41 DUK DUK 5 5/8 09/15/2078 BFNR2X9 24.79 386,955 9,592,614.45
0.40 TDS TDS 6 PERP BNSNM38 18.08 524,336 9,479,994.88
0.40 SCHW SCHW 4.45 PERP BMW32F9 19.56 477,975 9,349,191.00
0.40 STT STT 5.35 PERP BYPK477 23.30 400,909 9,341,179.70
0.40 FITB FITB 8.29627 PERP BH58353 25.76 360,903 9,296,861.28
0.40 COF COF 4 3/8 PERP BMX47S9 17.30 537,038 9,290,757.40
0.39 FLG FLG 6 3/8 PERP BYVLYP2 23.17 390,854 9,056,087.18
0.38 AXS AXS 5 1/2 PERP BD2Z8N2 21.25 423,799 9,005,728.75
0.38 B 04/01/25 BTBKBR5 1.00 9,000,000 8,993,655.00
0.37 PSA PSA 4 5/8 PERP BLFGL51 19.29 452,528 8,729,265.12
0.37 CFG CFG 7 3/8 PERP BQGD2H5 26.49 323,156 8,560,402.44
0.36 AMG AMG 6 3/4 03/30/64 BSLL7L7 24.95 341,639 8,523,893.05
0.36 MS MS 4 7/8 PERP BK6JGG8 21.02 404,100 8,494,182.00
0.36 USM USM 5 1/2 06/01/70 BNMBT60 22.38 379,293 8,488,577.34
0.36 USM USM 5 1/2 03/01/70 BN7J7C1 22.18 380,343 8,436,007.74
0.35 TPG TPG 6.95 03/15/64 BRC7MJ0 25.69 319,832 8,216,484.08
0.35 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 15.17 541,121 8,208,805.57
0.34 KEY KEY 5 5/8 PERP BJHDLJ0 22.18 363,395 8,060,101.10
0.34 RGA RGA 5 3/4 06/15/56 BYT3Q98 24.80 319,617 7,926,501.60
0.34 SO SO 5 1/4 12/01/2077 BF0WD23 22.02 357,895 7,880,847.90
0.34 PSA PSA 4 PERP BM91SN6 16.83 466,675 7,854,140.25
0.33 BHF BHF 5 3/8 PERP BN0TD19 16.75 458,673 7,682,772.75
0.32 ATH ATH 4 7/8 PERP BMC8G63 17.43 435,313 7,587,505.59
0.32 KEY KEY 5.65 PERP BYWLBZ0 22.23 339,780 7,553,309.40
0.32 QRTEV QVCGA 8 03/15/31 BMH2T16 29.28 254,692 7,457,381.76
0.31 CFG CFG 5 PERP BK229B7 20.12 363,449 7,312,593.88
0.31 BHF BHF 6.6 PERP BJ0M332 21.45 340,898 7,312,262.10
0.31 HBAN HBAN 4 1/2 PERP BKPLQ32 18.04 405,045 7,307,011.80
0.31 SNV SNV 8.397 PERP BKFHSG7 25.88 280,147 7,250,204.36
0.31 PRU PRU 4 1/8 09/01/60 BLB2465 18.06 400,667 7,236,046.02
0.31 PBI PBI 6.7 03/07/43 B9CDPW6 20.95 344,328 7,213,671.60
0.31 USB USB 4 1/2 PERP BMC7GV5 19.79 362,517 7,174,211.43
0.31 FG FG 7.95 12/15/53 BNKG9F6 25.87 276,153 7,144,078.11
0.31 BHF BHF 6 3/4 PERP BM9JJ93 22.15 322,294 7,138,812.10
0.31 DTE DTE 5 1/4 12/01/2077 BF3L703 22.47 317,681 7,138,292.07
0.30 CG CG 4 5/8 05/15/61 BMHV4X0 17.75 397,536 7,056,264.00
0.30 ACGL ACGL 4.55 PERP BNYBNX3 17.61 398,848 7,023,713.28
0.30 HIG HIG 6 PERP BF5J7D8 25.10 279,395 7,012,814.50
0.30 KKR KKR 4 5/8 04/01/61 BN2D5N5 18.38 377,491 6,938,284.58
0.30 AQNCN AQNCN 8.86372 07/01/2079 BFYWGC0 25.51 270,903 6,910,735.53
0.30 ESGR ESGR 7 PERP BFXXB52 21.63 319,241 6,905,182.83
0.29 HBAN HBAN 6 7/8 PERP BQMS207 25.82 263,119 6,793,732.58
0.29 BAC BAC 5.09164 PERP B1VN1F6 22.91 294,907 6,756,319.37
0.29 EIX EIX 5 PERP BDC3P68 17.66 378,813 6,689,837.58
0.28 TDS TDS 6 5/8 PERP BMDKP83 20.86 319,685 6,668,629.10
0.28 BHF BHF 6 1/4 09/15/58 BF5JWJ9 21.87 303,693 6,641,765.91
0.28 RLJ RLJ 1.95 PERP BF2N465 25.22 260,853 6,578,712.66
0.28 ETR ETR 4 7/8 09/01/66 BZC0L09 21.24 307,044 6,521,614.56
0.28 NTRS NTRS 4.7 PERP BKFVZR9 20.09 323,183 6,492,746.47
0.27 EIX EIX 6.95 PERP BSQL9V6 22.90 280,145 6,415,320.50
0.27 RNR RNR 4.2 PERP BKSDN56 16.12 396,465 6,391,015.80
0.26 PRU PRU 5.95 09/01/62 BQB5JR5 25.44 242,948 6,180,597.12
0.26 FCNCA FCNCA 5 3/8 PERP BLHLTL6 22.43 275,199 6,172,713.57
0.26 USB USB 3 3/4 PERP BMFV904 16.25 379,727 6,170,563.75
0.25 PSA PSA 4 PERP BMQ85K6 16.82 351,375 5,910,127.50
0.25 DLR DLR 5.2 PERP BKLXG10 20.81 279,395 5,814,209.95
0.25 VOYA VOYA 5.35 PERP BJGS497 24.21 238,909 5,783,986.89
0.25 RF RF 4.45 PERP BP2C5M5 18.07 319,592 5,775,027.44
0.25 COF COF 4 1/4 PERP BMHJZD1 16.95 339,128 5,748,219.60
0.24 ASB ASB 6 5/8 03/01/33 BMX3XP5 24.71 227,050 5,610,405.50
0.23 WAL WAL 4 1/4 PERP BNZJSP3 22.36 241,045 5,389,766.20
0.23 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 16.53 325,279 5,376,861.87
0.23 ATH ATH 5 5/8 PERP BKWG6L8 20.48 262,105 5,367,910.40
0.23 ACGL ACGL 5.45 PERP BF956G8 21.16 250,858 5,308,155.28
0.22 CMS CMS 5 7/8 10/15/2078 BFXBC20 23.05 226,472 5,220,179.60
0.22 PSA PSA 5.05 PERP BF7PKX5 21.42 240,783 5,157,571.86
0.22 PSA PSA 5.6 PERP BGMHQB3 23.37 216,986 5,070,962.82
0.22 SO SO 5 10/01/2077 BZ60HT6 23.13 218,130 5,045,346.90
0.21 AMG AMG 5 7/8 03/30/59 BJVJZF8 21.96 227,759 5,001,587.64
0.21 BAC NEW YORK BAC 4.93459 PERP B1GH4Y3 22.89 214,134 4,901,527.26
0.21 PSA PSA 4 7/8 PERP BK598B8 20.42 238,560 4,871,395.20
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 20.27 239,420 4,853,043.40
0.21 PSA PSA 5.15 PERP BYZ2PF8 21.64 223,594 4,838,574.16
0.20 BAC BAC 5.22485 PERP B06H0T3 22.44 211,743 4,751,512.92
0.20 ALL ALL 4 3/4 PERP BK727P2 20.39 229,823 4,686,090.97
0.20 HPP HPP 4 3/4 PERP BP38WQ5 13.75 338,327 4,651,996.25
0.20 MTB MTB 5 5/8 PERP BPQT641 24.47 188,173 4,604,593.31
0.20 SR SR 5.9 PERP BJV8KN8 24.56 186,540 4,581,422.40
0.19 WRB WRB 5.1 12/30/59 BJBK4B0 20.01 224,806 4,498,368.06
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 15.67 285,841 4,479,128.47
0.19 VNO VNO 5 1/4 PERP BF5LLD2 17.30 258,808 4,477,378.40
0.19 OZK OZK 4 5/8 PERP BNTYXM6 17.11 259,793 4,445,058.23
0.19 BHF BHF 4 5/8 PERP BNRLZ01 15.32 287,845 4,409,785.40
0.18 EQH EQH 4.3 PERP BMF1DS0 17.50 246,740 4,317,950.00
0.18 RNR RNR 5 3/4 PERP BFMZ665 21.91 196,479 4,304,854.89
0.18 FITB FITB 4.95 PERP BKKBGL5 22.73 188,090 4,275,285.70
0.18 ETR ETR 4 7/8 09/01/66 BD0S963 21.10 201,813 4,258,254.30
0.18 KIM KIM 5 1/4 PERP BD0RST6 21.57 196,894 4,247,003.58
0.18 VNO VNO 5.4 PERP B8K7RN8 17.73 239,269 4,242,239.37
0.18 OTHER PAYABLE & RECEIVABLES 1.00 4,241,622 4,241,621.73
0.18 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 10.42 404,047 4,210,169.74
0.18 BC BC 6 3/8 04/15/49 BJT13Z2 24.34 172,495 4,198,528.30
0.18 ETR ETR 4.9 10/01/66 BD5NDN8 21.26 197,060 4,189,495.60
0.18 BIP BIP 5 1/8 PERP BPVC0M1 17.07 242,948 4,147,122.36
0.18 SF SF 6 1/8 PERP BMDX0S7 24.34 168,726 4,106,790.84
0.17 SF SF 4 1/2 PERP BP38124 18.11 224,356 4,063,087.16
0.17 SLG SLG 6 1/2 PERP B89P3T1 23.15 174,396 4,037,267.40
0.17 GL GL 4 1/4 06/15/61 BKP8TS9 16.45 244,877 4,028,226.65
0.17 DTE DTE 4 3/8 12/01/2081 BNQNFS6 18.29 219,877 4,021,550.33
0.17 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 19.74 202,475 3,996,856.50
0.17 DLR DLR 5.85 PERP BJR2164 23.74 167,053 3,965,838.22
0.17 SF SF 5.2 10/15/47 BD9FPT0 21.58 182,249 3,932,933.42
0.17 VNO VNO 5 1/4 PERP BMWB4M4 17.47 223,967 3,912,703.49
0.16 GS GS 5.30896 PERP B0N0V47 23.66 160,062 3,787,819.21
0.16 WAFD WAFD 4 7/8 PERP BMVN6G9 16.53 227,637 3,761,701.43
0.16 SNV SNV 7.90945 PERP BG1FRQ0 25.10 148,138 3,718,263.80
0.16 DHC DHC 5 5/8 08/01/42 BKRTG67 14.25 259,752 3,701,466.00
0.16 AHL AHL 5 5/8 PERP BD915N2 20.23 182,581 3,693,613.63
0.16 FITB FITB 6 PERP BJGTMK7 24.94 147,761 3,685,159.34
0.16 PSA PSA 4.1 PERP BMX8DR2 17.08 212,066 3,622,087.28
0.15 WRB WRB 5.7 03/30/58 BFMXK34 22.26 157,556 3,507,196.56
0.15 VNO VNO 4.45 PERP BMHV5V5 15.49 226,024 3,501,111.76
0.15 SLM SLM 6.26089 PERP B0B87Z6 75.56 46,235 3,493,516.60
0.14 FCNCA FCNCA 5 5/8 PERP BMQ7J12 22.72 148,552 3,375,101.44
0.14 HBAN 5.7 PERP BMHH2W3 23.56 136,985 3,227,366.60
0.14 DLR DLR 5 1/4 PERP BD0YJ83 21.34 148,508 3,169,160.72
0.13 BOH BOH 8 PERP BPBPCX5 25.95 121,065 3,141,636.75
0.13 TFC TFC 5.08745 PERP BKMF2F1 22.53 138,737 3,125,744.61
0.13 CMS CMS 4.2 PERP BLNB396 17.63 172,089 3,033,929.07
0.13 BEPUCN BEPUCN 7 1/4 PERP BRBHMW4 24.70 119,510 2,951,897.00
0.12 BPY BPY 6 3/8 PERP BK1KVK5 14.39 202,475 2,913,615.25
0.12 BIP BIP 7 1/4 05/31/2084 BQGD0K4 24.88 114,687 2,853,412.56
0.12 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 23.07 121,490 2,802,774.30
0.11 EPR EPR 5 3/4 PERP B8MGH66 23.00 109,198 2,511,554.00
0.11 TRTN TRTN 6 7/8 PERP BMTQTF0 22.65 108,886 2,466,267.90
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.52 93,134 2,376,779.68
0.09 ADC ADC 4 1/4 PERP BMZ4J92 17.37 126,227 2,192,562.99
0.09 BPY BPY 6 1/2 PERP BJHJQ37 15.05 145,645 2,191,957.25
0.09 PSA PSA 3.9 PERP BMW9C79 16.34 133,942 2,188,612.28
0.07 ESGR ESGR 7 PERP BGT0PD0 20.72 76,587 1,586,882.64
0.05 OPI OPI 6 3/8 06/23/50 BK80YB0 9.30 131,297 1,221,062.10
0.04 CASH 1.00 1,025,129 1,025,129.18
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 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.