Skip to Main Content
Subscribe to Newsletters
Global X Logo
Search
Content loaded

Explore

Our ETFs

Investment Insights

Thought LeadershipProduct ResearchCharting DisruptionMidyear Outlook 2026

Investor Resources

EducationHow to InvestTax Resources

About Us

About Global XNewsroomCareersContact Us

Follow Us

socaial media icon for LinkedInLinkedInSocial media icon for X (twitter)XSocial media icon for FacebookFacebookSocial media icon for InstagramInstagramSocial media icon for Youtube

Copyright © 2026 Global X. All rights reserved.

Privacy PolicyAccessibility Statement
YouTube

Subscribe to our newsletter

Get the latest news and updates from our team.

Subscribe

SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds.

Check the background of SIDCO and Global X's Registered Representatives on FINRA's BrokerCheck.

Content
EquityCorePreferreds

PFFD

U.S. Preferred ETF

Passive

Investment Strategy

Portfolio Implementation

The Case for PFFD

High Income Potential
Low Expense Ratio
Monthly Distributions

Related Product Research

Related funds

Preferreds

PFFV

Variable Rate Preferred ETF

View Fund
Preferreds

SPFF

SuperIncome® Preferred ETF

View Fund
Dividend

DIV

SuperDividend® U.S. ETF

View Fund

Documents

View Supplemental Tax Documents

  • Proxy Voting
  • Fact Sheet
    PDF|442 KB
  • Index Methodology Summary
    PDF|516 KB

  • Summary Prospectus
    PDF|206 KB
  • Statutory Prospectus
    PDF|2.7 MB
  • Statement of Additional Information
    PDF|1.4 MB
  • Annual Financial Statements *
    PDF|2.8 MB
  • Annual Shareholder Report
    PDF|258 KB
  • Semi Annual Shareholder Report
    PDF|183 KB
  • Q1 Complete Holdings
    PDF|334 KB
  • Q3 Complete Holdings
    PDF|336 KB
  • Semi Annual Financial Statements **
    PDF|3.0 MB
*
**

PFFV invests in a broad basket of U.S. variable rate preferred stocks, providing benchmark-like exposure to the asset class with the potential to mitigate rising interest rate risk through coupon payments that adjust over their lifespan. The Fund seeks to pay distributions monthly.

SPFF invests in 50 of the highest yielding preferred stocks in the United States, seeking to provide investors with income potential through a basket of high-yielding preferred securities. The Fund seeks to pay distributions monthly.

DIV invests in 50 of the highest dividend yielding equity securities in the United States, seeking to provide investors with high income potential through a diversified basket of high-yielding stocks. The Fund seeks to pay distributions monthly.

PFFD can complement core fixed income allocations by providing benchmark-like exposure to U.S. preferred securities, a hybrid asset class that has historically offered higher yields than traditional investment grade bonds.

PFFD may also offer relative value opportunities for investors seeking to enhance portfolio yield, seeking to position income allocations for future developments as the rate environment evolves.

PFFD invests in a broad basket of preferred stock in the U.S., an asset class that has historically offered high yield potential.

PFFD’s expense ratio is less than half the competitor average.1

PFFD has made monthly distributions 8 years running.

1Expense ratio was 55.8% lower than the competitor average net expense ratio as of 10/1/26, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Product ResearchIncome StrategiesCore

Income Outlook: Market Volatility Sparks Dislocations and Income Opportunities

Amid volatility, short-term Treasuries, quality corporates, and preferreds stand out as timely income opportunities with value and resilience.

G

Global X Research

Aug 21, 20258 min read
Product ResearchPreferredsRecurring Reports

Quarterly Preferred Report: Q1 2026

Our quarterly preferred report details the main characteristics, yields, and performance of our preferred securities funds.

R

Robert J. Scrudato

Jun 15, 20262 min read
View All Product Research

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

Total Expense Ratio
0.23%
NAV
$17.42
As of Oct 13, 2026
Distribution Frequency
Monthly
Distribution Rate
6.76%
Morningstar Rating™

Overall rating out of 63 Preferred Stock funds, based on risk-adjusted returns as of Sep 30, 2026.

Holdings

As of Oct 13, 2026

Net Assets (%)
Ticker
Name
SEDOL
Market Price ($)
Shares Held
Market Value ($)
4.44%BABA 6 10/15/27BRBLC59$58.191,523,222$88,636,288
3.83%SMCISMCI 7 06/01/29BWRXGQ3$65.871,160,332$76,431,069
3.28%ORCL

Holdings are subject to change. "Cash" denotes U.S. dollars.

Distributions

Oct 13, 2026

30-Day SEC Yield

6.90%

Trailing 12-Month Distribution (%)1

7.11%

Distribution Rate2

6.76%

  • Overview
  • Investment Strategy
  • Performance
  • Holdings
  • Distributions
  • Documents

Performance

Returns

As of recent(Sep 30, 2026)
Metric
1 Year
3 Year
5 Year
Since Inception
Fund NAV
-3.44%+4.24%-1.40%+1.98%
Market Price
-3.49%+4.21%-1.42%+2.02%
Index
-3.24%+4.50%-1.20%+2.19%
  1. Past performance does not guarantee future results. The performance data quoted represents past performance. 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.
  2. 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.

Daily Premium / Discount

Latest Premium / Discount

As of Oct 13, 2026

  • NAV
    $17.42
  • Market Price
    $17.47
  • Premium / (Discount)
    $0.05
  • Premium / Discount
    0.274%

Current View Q4 2026

As of Oct 13, 2026

  • Days at Premium
    4
  • Days at NAV
    0
  • Days at Discount
    5
  • Greatest Premium
    0.274%
  • Greatest Discount
    -0.235%

Premium / Discount History — Q4 2026

As of Oct 13, 2026

What is Premium/Discount Chart?

How can the Fund trade at a premium/discount to its NAV?

What causes these time discrepancies?

Hypothetical Growth of $10,000

As of Oct 13, 2026

Overview

About This Fund

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.

Distributions may contain return of capital.

How the Fund Works

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.

The Index is designed to track the performance of exchange-listed, U.S. dollar denominated preferred stock and convertible preferred stock publicly issued by corporations in the U.S. domestic market. Qualifying securities must be exchange-listed in the United States and rated by Moody's, S&P, or Fitch (not applicable to the convertible preferreds), and the Index is market capitalization-weighted with individual issuer allocations capped. The fund provides benchmark-like exposure to the U.S. preferred securities asset class. The fund seeks to make monthly distributions.

Highlights

  • Preferred securities eligibility screen
  • Passively managed; United States exposure
  • Monthly distribution schedule

Fund Details

As of Oct 13, 2026

  • Ticker
    PFFD
  • Total Expense Ratio
    0.23%
  • Inception Date
    09/11/17
  • Net Assets
    $1.99 billion
  • Shares Outstanding
    114,500,000
  • Number of Holdings
    237
  • Primary Exchange
    NYSE Arca
  • CUSIP
    37954Y657
  • Bloomberg Index Ticker
    PLCR4PM
  • ISIN
    US37954Y6573
  • 30-Day Median Bid-Ask Spread
    0.06%
  • Distribution Frequency
    Monthly
  • NAIC Designation
    Preliminary 3.C as of 03/31/26
View Distribution History

ETF Prices

As of Oct 13, 2026

  • NAV
    $17.42
  • Daily Change
    $0.06 / 0.35%
  • Market Price
    $17.47
  • Daily Change
    $0.11 / 0.63%
ORCL 6 1/2 01/15/29
BTTQ6B4
$44.04
1,486,444
$65,462,994
2.32%GOOGLGOOGL 6 1/4 05/15/29BX59J50$49.73932,287$46,362,633
2.32%WFCWFC 7 1/2 PERPB3KRSW9$1072.0043,195$46,305,040
2.31%GOOGLGOOGL 6 1/4 05/15/29BX59J61$49.37933,175$46,070,850
1.82%CC 10.4746 10/30/40B3Z1BZ0$26.401,377,076$36,354,806
1.57%KKRKKR 6 1/4 03/01/28BN72V73$39.60792,536$31,384,426
1.55%NEENEE 7 3/8 02/15/29BWTWYL9$43.95702,397$30,870,348
1.41%MCHPMCHP 7 1/2 03/15/28BTTRKK4$63.77442,879$28,242,394

The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment at the first trading date of the period shown and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
The performance quoted represents past performance and does not guarantee future results. 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 the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Distribution Frequency

Monthly

Record Date
Payable Date
Amount
Dec 30, 2026Dec 30, 2026Jan 5, 2027-
Dec 1, 2026Dec 1, 2026Dec 4, 2026-
Nov 2, 2026Nov 2, 2026Nov 5, 2026-
Oct 1, 2026Oct 1, 2026Oct 6, 2026$0.10
Sep 1, 2026Sep 1, 2026Sep 4, 2026$0.10
Aug 3, 2026Aug 3, 2026Aug 6, 2026$0.10
Jul 1, 2026Jul 1, 2026Jul 7, 2026$0.10
Jun 1, 2026Jun 1, 2026Jun 4, 2026$0.10
May 1, 2026May 1, 2026May 6, 2026$0.10
Apr 1, 2026Apr 1, 2026Apr 7, 2026$0.10
Mar 2, 2026Mar 2, 2026Mar 5, 2026$0.10
Feb 2, 2026Feb 2, 2026Feb 5, 2026$0.10
  1. 1

    The 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. These do not imply rates for any future distributions.

  2. 2

    The 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. These do not imply rates for any future distributions.

History
As of