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 52.4% lower than the competitor average net expense ratio as of 1/18/24, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Key Information As of 02/28/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.44 billion
NAV $20.04
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 02/27/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 121,920,000
Number of Holdings 217
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.B as of 03/31/23

Distributions As of 02/28/24

30-Day SEC Yield 6.30%
12-Month Trailing Yield 6.45%
Distribution Yield 6.59%
Distribution Frequency Monthly

ETF Prices As of 02/28/24

NAV $20.04 Daily Change $0.02 0.10%
Market Price $20.06 Daily Change $0.01 0.05%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 7.48% 6.87% 7.72%
3 Years -3.56% -3.59% -3.36%
5 Years 2.83% 2.79% 3.02%
Since Inception 1.71% 1.76% 1.90%
1 Year -1.18% -0.80% -0.99%
3 Years -2.10% -2.02% -1.92%
5 Years 2.39% 2.38% 2.60%
Since Inception 2.21% 2.31% 2.40%
Year-to-Date 7.48% 6.87% 7.72%
1 Month 2.47% 2.46% 2.52%
3 Months 5.52% 5.46% 5.62%
Since Inception 11.29% 11.66% 12.61%
Year-to-Date 3.35% 3.61% 3.36%
1 Month 3.35% 3.61% 3.36%
3 Months 14.91% 15.38% 15.02%
Since Inception 15.02% 15.69% 16.40%

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 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.96 WFC WFC 7 1/2 PERP B3KRSW9 1,191.40 81,302 96,863,202.80
2.61 BAC BAC 7 1/4 PERP B2PB3Z7 1,190.00 53,699 63,901,810.00
2.19 C C 11.949 10/30/40 B3Z1BZ0 29.15 1,837,880 53,574,202.00
1.56 JPM JPM 6 PERP BJ2KBT6 25.15 1,512,397 38,036,784.55
1.54 APO APO 6 3/4 07/31/26 BQVW6Z3 63.93 587,268 37,544,043.24
1.41 OTHER PAYABLE & RECEIVABLES 1.00 34,579,903 34,579,902.74
1.41 JPM JPM 5 3/4 PERP BFY34D0 24.91 1,386,236 34,531,138.76
1.41 WFC WFC 4 3/4 PERP BJVB6B7 20.94 1,644,332 34,432,312.08
1.33 JPM JPM 4 5/8 PERP BND7XB0 21.46 1,511,313 32,432,776.98
1.31 JPM JPM 4.2 PERP BN75VC7 19.65 1,633,797 32,104,111.05
1.20 T T 4 3/4 PERP BLL1ZY7 20.56 1,428,913 29,378,451.28
1.18 NEE NEE 6.926 09/01/25 BQV3827 35.21 816,897 28,762,943.37
1.06 JPM JPM 4.55 PERP BM8TGF9 21.18 1,224,138 25,927,242.84
1.05 T T 5.35 11/01/66 BF545Q2 23.73 1,079,352 25,614,426.12
1.02 GS GS 6.23296 PERP B15CKS5 22.58 1,101,485 24,871,531.30
0.99 COF COF 5 PERP BGMJPW3 19.84 1,223,515 24,274,537.60
0.96 BAC BAC 6 PERP BFZNM46 25.02 939,130 23,497,032.60
0.92 BAC BAC 5 3/8 PERP BJN6RX9 23.46 960,820 22,544,740.05
0.88 ALL ALL 5.1 PERP BKDKS91 23.02 937,348 21,577,750.96
0.88 T T 5 PERP BKPK060 21.99 978,286 21,512,509.14
0.88 MS MS 6 1/2 PERP BQH5ZL5 26.24 815,313 21,393,813.12
0.85 MS MS 4 1/4 PERP BMF4W82 19.66 1,059,568 20,831,106.88
0.84 DUK DUK 5 3/4 PERP BJXH6L3 25.20 815,049 20,539,234.80
0.84 MS MS 6 3/8 PERP BQT2G00 25.06 815,049 20,425,127.94
0.83 MS MS 5.85 PERP BYYYY81 24.96 814,853 20,338,730.88
0.83 MS MS 6.2756 PERP B1802M4 22.64 896,378 20,293,997.92
0.83 BAC BAC 5 PERP BKVJXF1 22.39 904,086 20,240,225.33
0.82 C C 9.63176 PERP BDX8YP4 25.61 778,546 19,938,563.06
0.81 WFC WFC 4.7 PERP BMYVT83 20.71 953,319 19,743,236.49
0.80 COF COF 4.8 PERP BK9PWX2 19.23 1,018,108 19,578,216.84
0.79 WFC WFC 4 1/4 PERP BP91X65 18.88 1,018,107 19,221,860.16
0.77 SO SO 4.95 01/30/2080 BKM3QB9 23.12 814,641 18,834,499.92
0.76 BAC BAC 6.45 12/15/66 BF2PL60 25.53 729,288 18,617,409.92
0.73 MS MS 7 1/8 PERP BF4YJ94 25.47 702,353 17,888,930.91
0.72 MS MS 6 7/8 PERP BH5QGM5 25.35 692,072 17,544,025.20
0.72 ATH ATH 6.35 PERP BPSKDY1 25.00 701,114 17,527,850.00
0.72 BAC BAC 4 1/4 PERP BMH4QB1 19.46 900,364 17,521,083.44
0.72 MET MET 4 3/4 PERP BL3BQ19 21.50 814,060 17,502,290.00
0.71 USB USB 6.1756 PERP B125QN4 21.22 814,024 17,273,589.28
0.70 WFC WFC 6 5/8 PERP BH7Y8S7 24.95 683,841 17,058,413.75
0.68 WFC WFC 4 3/8 PERP BL5C513 19.40 854,170 16,570,898.00
0.68 T T 5 5/8 08/01/67 BDDJDF0 24.65 671,472 16,551,784.80
0.67 AEGON AEGON 5.1 12/15/49 BK59DD5 21.83 752,874 16,435,239.42
0.67 JPM JPM 4 3/4 PERP BK57WX2 22.39 732,072 16,391,092.08
0.66 MET MET 5 5/8 PERP BG43LW5 24.52 655,060 16,062,071.20
0.64 TFC TFC 4 3/4 PERP BLD4B13 20.90 752,316 15,723,404.40
0.64 F F 6 12/01/59 BJP1KW2 24.14 650,838 15,711,229.32
0.63 SCHW SCHW 5.95 PERP BYPFT55 25.18 610,045 15,360,933.10
0.62 STT STT 5.9 PERP BK4Z903 24.95 610,012 15,219,799.40
0.62 SRE SRE 5 3/4 07/01/2079 BK8LV34 24.58 616,148 15,144,917.84
0.61 BAC BAC 4 3/8 PERP BMVXBP3 20.09 745,147 14,970,003.23
0.61 F F 6.2 06/01/59 BJ029D4 24.44 609,777 14,902,949.88
0.61 RGA RGA 7 1/8 10/15/52 BMG9SY4 26.14 569,227 14,879,593.78
0.60 EQH EQH 5 1/4 PERP BKRMRC9 22.62 650,303 14,709,853.86
0.60 BAC BAC 5 7/8 PERP BYVQZ09 24.90 590,110 14,693,739.00
0.58 GS GS 6.31296 PERP B07GC93 23.10 609,292 14,074,645.20
0.57 NEE NEE 5.65 03/01/2079 BH3JGK4 24.79 558,701 13,850,197.79
0.55 WFC WFC 5 5/8 PERP BYQHXS1 24.18 560,559 13,554,316.62
0.54 ALL ALL 7 3/8 PERP BNBXR41 27.24 487,404 13,276,884.96
0.53 APO APO 7 5/8 09/15/53 BQC5ZW1 26.67 487,419 13,001,139.99
0.52 QRTEV QRTEA 8 03/15/31 BMH2T16 49.71 256,890 12,770,001.90
0.52 CMS CMS 5 7/8 03/01/2079 BJJP666 24.69 511,557 12,630,342.33
0.51 SO SO 4.2 10/15/60 BMGS0L2 20.47 608,714 12,460,375.58
0.50 ATH ATH 6 3/8 PERP BMG0ZK2 25.00 486,892 12,172,300.00
0.50 F F 6 1/2 08/15/62 BPJK038 25.00 486,679 12,166,975.00
0.49 JXN JXN 8 PERP BMW6VL7 27.03 446,084 12,057,650.52
0.49 BAC BAC 4 1/8 PERP BN4Q1G7 18.97 631,156 11,973,029.32
0.49 MET MET 6.64624 PERP B0B87W3 24.44 486,653 11,893,118.01
0.48 WCC WCC 10 5/8 PERP BLFBXS3 27.09 436,752 11,831,611.68
0.47 PRU PRU 5 5/8 08/15/58 BG844G9 25.02 458,279 11,466,140.58
0.47 USB USB 5 1/2 PERP BDT6C58 24.42 466,238 11,385,531.96
0.47 LNC LNC 9 PERP BP398R1 28.07 405,555 11,383,928.85
0.46 SYF SYF 5 5/8 PERP BK77YC3 18.57 607,796 11,286,771.72
0.46 USB USB 4 PERP BMFDGD2 18.43 607,944 11,204,407.92
0.45 KEY KEY 6.2 PERP BPLPQT9 22.70 486,229 11,037,398.30
0.44 TFC TFC 5 1/4 PERP BMFYGG8 23.11 465,928 10,767,596.08
0.44 ATH ATH 7 3/4 PERP BPLKV33 26.25 405,270 10,638,337.50
0.43 ALL ALL 8.74314 01/15/53 B87XV26 25.97 405,069 10,520,411.56
0.42 DUK DUK 5 5/8 09/15/2078 BFNR2X9 25.39 404,746 10,276,500.94
0.42 BAC BAC 4 3/4 PERP BN7SQB0 21.56 473,940 10,218,146.40
0.41 AIG AIG 5.85 PERP BJM0FP0 24.95 405,071 10,106,521.45
0.41 SCHW SCHW 4.45 PERP BMW32F9 20.71 485,692 10,058,681.32
0.41 USB USB 6.62477 PERP B617Z40 854.47 11,635 9,941,758.45
0.41 PSA PSA 4 5/8 PERP BLFGL51 21.65 457,479 9,904,420.35
0.40 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 59.86 162,859 9,748,129.02
0.40 COF COF 4 3/8 PERP BMX47S9 17.78 545,814 9,704,572.92
0.40 AXS AXS 5 1/2 PERP BD2Z8N2 21.79 445,097 9,698,663.63
0.39 STT STT 5.35 PERP BYPK477 23.72 404,789 9,601,595.08
0.39 KEY KEY 6 1/8 PERP BYQR0N5 23.47 404,249 9,487,724.03
0.38 FITB FITB 9.30177 PERP BH58353 25.61 364,002 9,322,091.22
0.38 PSA PSA 4 PERP BM91SN6 19.01 488,151 9,277,309.76
0.38 MS MS 4 7/8 PERP BK6JGG8 22.87 404,447 9,249,702.89
0.38 RF RF 5.7 PERP BJMXZX7 22.74 404,265 9,192,986.10
0.37 BHF BHF 5 3/8 PERP BN0TD19 19.28 464,680 8,959,030.40
0.37 SO SO 5 1/4 12/01/2077 BF0WD23 24.53 363,807 8,924,185.71
0.36 BANC BANC 7 3/4 PERP BMWDYS6 21.40 415,560 8,892,984.00
0.36 TDS TDS 6 PERP BNSNM38 15.75 557,790 8,785,192.50
0.36 ATH ATH 4 7/8 PERP BMC8G63 18.80 464,403 8,730,776.40
0.35 BHF BHF 6.6 PERP BJ0M332 24.58 348,895 8,575,839.10
0.35 CTL CTL 6 1/2 09/01/56 BZ4C835 10.20 835,810 8,525,262.00
0.34 NSUS NSUS 12.3096 01/15/43 B8S0HY0 25.77 325,259 8,381,956.96
0.34 BHF BHF 6 3/4 PERP BM9JJ93 25.18 330,333 8,317,784.94
0.34 ESGR ESGR 7 PERP BFXXB52 25.61 323,062 8,273,617.82
0.34 ACGL ACGL 4.55 PERP BNYBNX3 20.42 403,800 8,245,596.00
0.34 USM USM 6 1/4 09/01/69 BMGR6C2 20.35 403,482 8,210,858.70
0.34 PRU PRU 4 1/8 09/01/60 BLB2465 20.32 403,601 8,199,154.32
0.34 HBAN HBAN 4 1/2 PERP BKPLQ32 19.07 429,084 8,182,631.88
0.33 KEY KEY 5 5/8 PERP BJHDLJ0 21.88 369,307 8,080,437.16
0.33 ETR ETR 4 7/8 09/01/66 BZC0L09 22.94 351,673 8,067,378.62
0.33 RGA RGA 5 3/4 06/15/56 BYT3Q98 24.94 323,085 8,057,941.83
0.33 KKR KKR 4 5/8 04/01/61 BN2D5N5 19.90 403,489 8,029,431.10
0.33 DTE DTE 5 1/4 12/01/2077 BF3L703 24.61 322,889 7,944,683.85
0.32 USM USM 5 1/2 03/01/70 BN7J7C1 18.47 429,160 7,926,585.20
0.32 NSUS NSUS 11.2824 PERP BF0XV77 25.14 310,804 7,813,565.94
0.32 EIX EIX 5 PERP BDC3P68 20.32 383,320 7,789,062.40
0.32 CG CG 4 5/8 05/15/61 BMHV4X0 19.25 403,875 7,774,593.75
0.32 CFG CFG 5 PERP BK229B7 21.02 369,361 7,763,968.22
0.31 NYCB NYCB 6 3/8 PERP BYVLYP2 18.30 416,869 7,628,702.70
0.31 USM USM 5 1/2 06/01/70 BNMBT60 18.52 410,307 7,598,885.64
0.31 USB USB 4 1/2 PERP BMC7GV5 20.54 369,155 7,582,443.70
0.31 KEY KEY 5.65 PERP BYWLBZ0 21.68 348,946 7,565,149.28
0.31 RNR RNR 4.2 PERP BKSDN56 18.69 402,804 7,528,406.76
0.31 USB USB 3 3/4 PERP BMFV904 17.43 429,529 7,486,690.47
0.31 HIG HIG 6 PERP BF5J7D8 25.24 295,946 7,469,677.04
0.30 NTRS NTRS 4.7 PERP BKFVZR9 22.47 328,391 7,378,945.77
0.30 BHF BHF 6 1/4 09/15/58 BF5JWJ9 22.94 321,640 7,378,220.58
0.28 HBAN HBAN 6 7/8 PERP BQMS207 24.78 279,176 6,917,981.28
0.28 PBI PBI 6.7 03/07/43 B9CDPW6 18.88 365,348 6,897,806.77
0.28 RLJ RLJ 1.95 PERP BF2N465 24.91 276,549 6,887,452.85
0.28 PSA PSA 4 PERP BMQ85K6 19.00 357,115 6,785,185.00
0.27 BAC BAC 6.07563 PERP B1VN1F6 21.90 303,719 6,651,446.10
0.27 DLR DLR 5.2 PERP BKLXG10 22.40 296,590 6,643,616.00
0.27 PRU PRU 5.95 09/01/62 BQB5JR5 25.69 257,741 6,621,366.29
0.27 AEL AEL 6 5/8 PERP BMTD3B5 25.59 257,852 6,598,432.68
0.27 ATH ATH 5 5/8 PERP BKWG6L8 22.17 296,505 6,573,515.85
0.26 EIX EIX 5 3/8 PERP BYX6KN5 23.31 274,823 6,406,124.13
0.26 ACGL ACGL 5.45 PERP BF956G8 24.10 265,243 6,392,356.30
0.26 PSA PSA 5.05 PERP BF7PKX5 24.73 257,969 6,379,573.37
0.26 COF COF 4 1/4 PERP BMHJZD1 17.56 362,142 6,359,213.52
0.26 TDS TDS 6 5/8 PERP BMDKP83 17.99 353,419 6,358,007.81
0.26 PSA PSA 4 7/8 PERP BK598B8 23.36 271,792 6,349,033.94
0.26 VOYA VOYA 5.35 PERP BJGS497 24.59 257,854 6,340,629.86
0.26 RF RF 4.45 PERP BP2C5M5 18.42 343,899 6,335,264.39
0.25 ALL ALL 4 3/4 PERP BK727P2 24.16 255,501 6,172,904.16
0.25 WTFC WTFC 6 7/8 PERP BMTCNN4 24.88 246,958 6,144,315.04
0.25 PSA PSA 5.6 PERP BGMHQB3 25.00 245,082 6,127,050.00
0.25 AMG AMG 5 7/8 03/30/59 BJVJZF8 23.83 255,510 6,088,803.30
0.25 CTL CTL 6 3/4 06/15/57 BD2ZSL0 10.66 565,986 6,033,410.76
0.25 AHL AHL 9.65177 PERP B94QMV1 25.80 232,353 5,994,707.40
0.24 UNM UNM 6 1/4 06/15/58 BFYF0S3 24.62 240,883 5,930,388.91
0.24 EIX EIX 5.45 PERP BYQ69C4 24.59 240,783 5,920,853.97
0.24 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 17.47 336,487 5,878,427.89
0.24 PSA PSA 5.15 PERP BYZ2PF8 24.57 238,601 5,862,426.57
0.23 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 14.15 398,835 5,643,265.98
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 24.87 224,456 5,582,220.72
0.23 WRB WRB 5.1 12/30/59 BJBK4B0 23.14 240,564 5,567,276.43
0.23 ASB ASB 6 5/8 03/01/33 BMX3XP5 22.26 248,588 5,533,568.88
0.22 NRUC NRUC 5 1/2 05/15/64 BJBL059 24.89 214,170 5,330,691.30
0.22 KIM KIM 5 1/4 PERP BD0RST6 23.43 224,138 5,251,575.75
0.21 BAC NEW YORK BAC 5.9186 PERP B1GH4Y3 23.09 226,872 5,238,474.48
0.21 ETR ETR 4 7/8 09/01/66 BD0S963 22.74 230,203 5,234,816.22
0.21 ETR ETR 4.9 10/01/66 BD5NDN8 23.58 220,449 5,198,187.42
0.21 MTB MTB 5 5/8 PERP BPQT641 24.03 213,043 5,119,090.30
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 19.88 257,018 5,109,678.48
0.21 SR SR 5.9 PERP BJV8KN8 24.37 209,160 5,097,229.20
0.21 OZK OZK 4 5/8 PERP BNTYXM6 17.08 296,052 5,056,568.16
0.21 WRB WRB 4 1/8 03/30/61 BNKBJW8 19.66 256,946 5,051,558.36
0.20 NAVI NAVI 6 12/15/43 BDRW5R1 20.65 239,907 4,954,079.55
0.20 RNR RNR 5 3/4 PERP BFMZ665 24.55 199,706 4,902,782.30
0.20 FITB FITB 4.95 PERP BKKBGL5 23.03 211,619 4,873,585.57
0.20 BHF BHF 4 5/8 PERP BNRLZ01 16.21 299,808 4,859,887.68
0.19 DTE DTE 4 3/8 12/01/2081 BNQNFS6 21.07 223,480 4,708,723.60
0.19 BAC BAC 6.24942 PERP B06H0T3 20.95 223,083 4,673,588.85
0.19 SF SF 6 1/8 PERP BMDX0S7 24.57 190,223 4,673,244.01
0.19 TVA TVA 2.134 06/01/28 2612674 22.40 204,606 4,583,174.40
0.19 PSA PSA 4.7 PERP BK72JQ7 21.90 206,196 4,515,692.40
0.18 DHC DHC 5 5/8 08/01/42 BKRTG67 14.97 299,826 4,488,395.22
0.18 WRB WRB 4 1/4 09/30/60 BN0W233 21.96 204,356 4,487,657.76
0.18 EQH EQH 4.3 PERP BMF1DS0 18.38 240,296 4,416,640.48
0.18 SF SF 4 1/2 PERP BP38124 17.77 245,888 4,369,122.40
0.17 AMG AMG 4 3/4 09/30/60 BN0VM18 19.16 218,645 4,189,238.20
0.17 WAL WAL 4 1/4 PERP BNZJSP3 17.11 244,836 4,189,143.96
0.17 KIM KIM 5 1/8 PERP BF47T71 23.39 178,171 4,167,419.69
0.17 SNV SNV 8.95677 PERP BG1FRQ0 25.39 163,426 4,149,369.80
0.17 DLR DLR 5.85 PERP BJR2164 24.60 167,887 4,130,020.20
0.17 AHL AHL 5 5/8 PERP BKDJPD1 20.73 198,549 4,115,920.77
0.17 SLG SLG 6 1/2 PERP B89P3T1 21.45 191,850 4,115,182.50
0.17 CMS CMS 4.2 PERP BLNB396 20.25 202,036 4,091,229.00
0.16 PSA PSA 4 3/4 PERP BKSD8W8 21.95 182,654 4,009,255.30
0.16 VNO VNO 5 1/4 PERP BMWB4M4 15.90 250,679 3,985,796.10
0.16 SPNT SPNT 8 PERP BMB63G7 25.12 157,593 3,958,736.16
0.16 FITB FITB 6 PERP BJGTMK7 24.76 159,779 3,956,128.04
0.16 WAFD WAFD 4 7/8 PERP BMVN6G9 15.77 245,294 3,868,286.38
0.16 TVA TVA 2.216 05/01/29 2520249 21.93 174,415 3,824,920.95
0.16 PSA PSA 4.1 PERP BMX8DR2 19.30 198,084 3,822,030.78
0.16 VNO VNO 5.4 PERP B8K7RN8 15.90 237,837 3,781,608.30
0.15 FCNCA FCNCA 5 5/8 PERP BMQ7J12 22.77 160,001 3,643,222.77
0.15 SLM SLM 7.34624 PERP B0B87Z6 72.76 50,030 3,640,182.80
0.14 BEPUCN BEPUCN 4 7/8 PERP BMV7W07 16.90 207,563 3,507,814.70
0.14 NSUS NSUS 12.5262 PERP BD1KJ79 25.25 137,735 3,477,469.92
0.14 HBAN 5.7 PERP BMHH2W3 22.47 154,544 3,472,603.68
0.14 AFG AFG 4 1/2 09/15/60 BN76JV5 19.70 175,588 3,458,864.12
0.14 SITC SITC 6 3/8 PERP BGL0NT0 24.16 139,795 3,377,447.20
0.14 VNO VNO 4.45 PERP BMHV5V5 13.57 246,264 3,340,571.16
0.13 FHN FHN 6 1/2 PERP BMH5VC0 24.59 128,352 3,156,175.68
0.13 BAC BAC 6.34942 PERP B0PR2S7 22.25 141,179 3,141,232.75
0.13 TRTN TRTN 5 3/4 PERP BLCGQK4 20.47 152,311 3,117,806.17
0.12 TRTN TRTN 6 7/8 PERP BMTQTF0 24.60 119,690 2,944,481.72
0.12 TRTN TRTN 8 PERP BJK4N72 25.35 114,798 2,910,129.30
0.11 ZION ZION 9.88624 PERP B8GFK37 25.10 111,398 2,795,560.10
0.11 BPY BPY 5 3/4 PERP BLK7825 11.42 229,335 2,619,149.03
0.10 FHN FHN 4.7 PERP BLB1GT9 17.43 135,459 2,361,050.37
0.10 CFR CFR 4.45 PERP BNKVVC2 19.40 119,408 2,316,515.20
0.08 VLY VLY 9.16977 PERP BDGSY95 23.32 80,529 1,877,936.28
0.08 VLY VLY 6 1/4 PERP BYNMCH1 20.46 91,253 1,866,580.12
0.08 CASH 1.00 1,865,273 1,865,273.40
0.08 ASB ASB 5 5/8 PERP BMTD069 20.09 90,759 1,823,206.45
0.07 NYCB NYCB 6 11/01/51 2049603 29.99 56,299 1,688,564.65
0.07 ASB ASB 5 7/8 PERP BG2F3F0 20.72 79,052 1,638,179.73
Holdings are subject to change. "Cash" denotes U.S. dollars.

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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.