SPFF


SuperIncome Preferred ETF

Reasons to Consider SPFF

High Income Potential

SPFF invests in 50 of the highest yielding preferreds in the United States, potentially increasing a portfolio's yield.

Monthly Distributions

SPFF has made monthly distributions 11 years running.

Preferential Tax Treatment

Preferred securities may also provide an income advantage. Income from preferred stocks may be treated as qualified dividends (QDI), rather than as regular interest income.

Key Information As of 02/27/24

Inception Date 07/16/12
Total Expense Ratio 0.48%
Net Assets $165.57 million
NAV $9.41
Fact Sheet View the document

ETF Summary

The Global X SuperIncome Preferred ETF (SPFF) invests in 50 of the highest yielding preferred stocks in the United States.

ETF Objective

The Global X SuperIncome Preferred ETF (SPFF) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. High Yield Preferred Index.

Trading Details As of 02/27/24

Ticker SPFF
Bloomberg Index Ticker SOLSPFF
CUSIP 37950E333
ISIN US37950E3339
Primary Exchange NYSE Arca
Shares Outstanding 17,590,000
Number of Holdings 49
30-Day Median Bid-Ask Spread 0.11%

Distributions As of 02/27/24

30-Day SEC Yield 5.80%
12-Month Trailing Yield 6.49%
Distribution Yield 6.15%
Distribution Frequency Monthly

ETF Prices As of 02/27/24

NAV $9.41 Daily Change -$0.05 -0.53%
Market Price $9.40 Daily Change -$0.04 -0.42%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 3.63% 2.97% 3.97%
3 Years -2.36% -2.44% -1.89%
5 Years 2.32% 2.33% 2.82%
10 Years 1.89% 1.82% 2.46%
Since Inception 2.35% 2.47% 2.93%
1 Year -2.27% -2.17% -1.94%
3 Years -0.95% -0.87% -0.48%
5 Years 2.35% 2.25% 2.85%
10 Years 2.14% 2.11% 2.72%
Since Inception 2.68% 2.82% 3.26%
Year-to-Date 3.63% 2.97% 3.97%
1 Month 3.19% 2.96% 3.14%
3 Months 6.23% 5.75% 6.22%
Since Inception 30.58% 32.23% 39.25%
Year-to-Date 3.96% 4.30% 4.03%
1 Month 3.96% 4.30% 4.03%
3 Months 17.17% 17.28% 17.33%
Since Inception 35.75% 37.90% 44.86%

The Fund’s investment objective and investment strategies changed effective April 3, 2023. Hybrid index performance (noted as "Index" above in the chart) reflects the performance of the S&P Enhanced Yield North American Preferred Stock Index through March 31, 2023 and the Global X U.S. High Yield Preferred Index thereafter.

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 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.31 WFC WFC 7 1/2 PERP B3KRSW9 1,196.25 10,065 12,040,256.25
6.83 BAC BAC 7 1/4 PERP B2PB3Z7 1,191.72 9,432 11,240,303.04
4.58 APO APO 6 3/4 07/31/26 BQVW6Z3 63.65 118,528 7,544,307.20
3.98 JPM JPM 4 5/8 PERP BND7XB0 21.50 305,037 6,558,295.50
3.63 T T 4 3/4 PERP BLL1ZY7 20.59 290,107 5,973,303.13
3.21 JPM JPM 4.55 PERP BM8TGF9 21.26 248,658 5,286,469.08
3.00 COF COF 5 PERP BGMJPW3 19.97 247,199 4,935,550.51
2.63 MS MS 6 1/2 PERP BQH5ZL5 26.32 164,307 4,324,560.24
2.62 T T 5 PERP BKPK060 21.91 197,117 4,318,833.47
2.62 ALL ALL 5.1 PERP BKDKS91 22.81 188,933 4,309,561.73
2.51 MS MS 6 3/8 PERP BQT2G00 25.13 164,274 4,128,452.03
2.50 MS MS 5.85 PERP BYYYY81 25.09 164,254 4,121,132.86
2.42 COF COF 4.8 PERP BK9PWX2 19.35 205,881 3,983,797.35
2.20 BAC BAC 5 PERP BKVJXF1 22.80 158,906 3,623,056.80
2.19 ATH ATH 6.35 PERP BPSKDY1 25.36 141,996 3,601,018.56
2.18 MET MET 4 3/4 PERP BL3BQ19 21.57 166,000 3,581,138.75
2.04 JPM JPM 4 3/4 PERP BK57WX2 22.43 149,362 3,350,189.66
1.96 TFC TFC 4 3/4 PERP BLD4B13 21.03 153,436 3,226,759.08
1.92 F F 6 12/01/59 BJP1KW2 24.05 131,668 3,166,615.40
1.87 SRE SRE 5 3/4 07/01/2079 BK8LV34 24.54 125,743 3,085,104.51
1.85 RGA RGA 7 1/8 10/15/52 BMG9SY4 26.21 116,182 3,045,130.22
1.63 ALL ALL 7 3/8 PERP BNBXR41 27.22 98,669 2,685,770.18
1.63 APO APO 7 5/8 09/15/53 BQC5ZW1 27.18 98,669 2,681,823.42
1.51 ATH ATH 6 3/8 PERP BMG0ZK2 25.24 98,630 2,489,421.20
1.50 JXN JXN 8 PERP BMW6VL7 27.23 90,729 2,470,550.67
1.50 WFC WFC 4.7 PERP BMYVT83 20.76 118,679 2,463,330.99
1.49 F F 6 1/2 08/15/62 BPJK038 24.78 98,912 2,451,039.36
1.47 WCC WCC 10 5/8 PERP BLFBXS3 27.15 88,812 2,411,245.80
1.40 LNC LNC 9 PERP BP398R1 27.89 82,522 2,301,538.58
1.39 SYF SYF 5 5/8 PERP BK77YC3 18.50 123,645 2,287,432.50
1.38 USB USB 4 PERP BMFDGD2 18.42 123,639 2,277,430.38
1.37 AGNC AGNC 6 1/8 PERP BK8ZYQ0 23.70 95,082 2,253,443.40
1.34 KEY KEY 6.2 PERP BPLPQT9 22.36 98,843 2,210,376.59
1.33 ATH ATH 7 3/4 PERP BPLKV33 26.62 82,145 2,186,699.90
1.26 WFC WFC 4 3/8 PERP BL5C513 19.52 106,450 2,077,537.81
1.23 RF RF 6 3/8 PERP BLZHDQ9 24.57 82,468 2,026,486.16
1.20 COF COF 4 3/8 PERP BMX47S9 17.76 111,210 1,975,089.60
1.18 STT STT 5.35 PERP BYPK477 23.59 82,478 1,945,295.18
1.16 KEY KEY 6 1/8 PERP BYQR0N5 23.19 82,429 1,911,296.64
1.12 BHF BHF 5 3/8 PERP BN0TD19 19.43 94,792 1,841,808.56
1.11 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 54.97 33,170 1,823,354.90
1.11 BAC BAC 4 3/4 PERP BN7SQB0 21.70 83,936 1,821,327.26
1.10 BANC BANC 7 3/4 PERP BMWDYS6 21.46 84,623 1,816,009.58
1.08 TDS TDS 6 PERP BNSNM38 15.65 113,707 1,779,514.55
1.06 CLVT CLVT 5 1/4 06/01/24 BM91P35 29.50 59,224 1,747,108.00
1.01 ESGR ESGR 7 PERP BFXXB52 25.29 65,883 1,666,181.07
1.00 USM USM 6 1/4 09/01/69 BMGR6C2 20.03 82,391 1,650,050.74
0.94 NYCB NYCB 6 3/8 PERP BYVLYP2 18.32 84,854 1,554,525.28
0.81 HBAN HBAN 6 7/8 PERP BQMS207 24.85 53,445 1,328,108.25
0.63 OTHER PAYABLE & RECEIVABLES 1.00 1,035,271 1,035,271.21
0.01 CASH 1.00 12,784 12,784.39
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. 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. SPFF 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 July 14, 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 July 14, 2020, market price returns were based on the midpoint between the Bid and Ask price. Market price returns. 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.

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 Global X U.S. High Yield Preferred Index is owned and was developed by Global X Management Company LLC for use by 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.