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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 51.8% lower than the competitor average net expense ratio as of 7/1/23, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Key Information As of 09/22/23

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.25 billion
NAV $18.95
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 09/21/23

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 118,640,000
Number of Holdings 225
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.B as of 03/31/23

Distributions As of 09/22/23

30-Day SEC Yield 6.69%
12-Month Trailing Yield 6.86%
Distribution Yield 6.74%
Distribution Frequency Monthly

ETF Prices As of 09/22/23

NAV $18.95 Daily Change $0.05 0.26%
Market Price $18.94 Daily Change $0.07 0.37%

Performance History

As of recent
(06/30/23)
As of recent
(06/30/23)
Fund NAV Market Price Index
1 Year -2.50% -2.74% -2.40%
3 Years -0.63% -0.85% -0.49%
5 Years 1.10% 1.05% 1.28%
Since Inception 1.20% 1.23% 1.37%
1 Year -4.11% -4.25% -3.94%
3 Years -2.94% -3.08% -2.78%
5 Years 0.73% 0.67% 0.92%
Since Inception 1.18% 1.21% 1.36%
Year-to-Date 3.50% 2.75% 3.54%
1 Month 1.27% 1.11% 1.29%
3 Months -0.52% -0.77% -0.50%
Since Inception 7.16% 7.36% 8.25%
Year-to-Date 3.56% 2.82% 3.71%
1 Month -1.15% -1.40% -1.11%
3 Months 1.33% 1.17% 1.45%
Since Inception 7.23% 7.43% 8.42%

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 09/22/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.90 WFC WFC 7 1/2 PERP B3KRSW9 1,129.50 77,567 87,611,926.50
2.98 B 10/03/23 BQRGZD0 1.00 67,000,000 66,921,330.61
2.78 BAC BAC 7 1/4 PERP B2PB3Z7 1,135.01 55,079 62,515,215.79
2.30 C C 12.0007 10/30/40 B3Z1BZ0 29.06 1,781,024 51,756,557.44
1.63 JPM JPM 6 PERP BJ2KBT6 25.01 1,468,581 36,729,210.81
1.53 NEE NEE 6.926 09/01/25 BQV3827 43.39 794,025 34,452,744.75
1.46 JPM JPM 5 3/4 PERP BFY34D0 24.30 1,347,073 32,733,873.90
1.35 WFC WFC 4 3/4 PERP BJVB6B7 19.42 1,567,427 30,439,432.34
1.32 JPM JPM 4.2 PERP BN75VC7 18.64 1,588,960 29,618,214.40
1.28 JPM JPM 4 5/8 PERP BND7XB0 19.64 1,469,906 28,868,953.84
1.17 T T 4 3/4 PERP BLL1ZY7 18.90 1,393,105 26,329,684.50
1.06 BAC BAC 6 PERP BFZNM46 24.48 969,017 23,721,536.16
1.03 T T 5.35 11/01/66 BF545Q2 22.04 1,053,682 23,223,151.28
1.03 JPM JPM 4.55 PERP BM8TGF9 19.43 1,195,011 23,219,063.73
1.01 GS GS 6.29689 PERP B15CKS5 21.14 1,075,274 22,731,292.36
1.01 COF COF 5 PERP BGMJPW3 18.93 1,195,334 22,627,672.62
0.96 BAC BAC 5 3/8 PERP BJN6RX9 21.67 992,352 21,504,267.84
0.91 MS MS 6 1/2 PERP BQH5ZL5 25.77 797,112 20,541,576.24
0.88 MS MS 6 3/8 PERP BQT2G00 24.86 797,248 19,819,585.28
0.87 DUK DUK 5 3/4 PERP BJXH6L3 24.64 797,545 19,651,508.80
0.85 BAC BAC 5 PERP BKVJXF1 20.35 935,129 19,029,875.15
0.84 BAC BAC 6.45 12/15/66 BF2PL60 25.07 756,045 18,954,123.75
0.84 MS MS 6.26957 PERP B1802M4 21.79 866,061 18,871,469.19
0.84 MS MS 5.85 PERP BYYYY81 23.95 787,384 18,857,846.80
0.83 T T 5 PERP BKPK060 19.71 944,970 18,625,358.70
0.83 ALL ALL 5.1 PERP BKDKS91 20.28 915,984 18,576,155.52
0.83 MS MS 4 1/4 PERP BMF4W82 17.91 1,036,804 18,569,159.64
0.80 COF COF 4.8 PERP BK9PWX2 17.94 997,928 17,902,828.32
0.77 MS MS 7 1/8 PERP BF4YJ94 25.46 678,962 17,286,372.52
0.77 MS MS 6 7/8 PERP BH5QGM5 25.39 678,712 17,232,497.68
0.77 WFC WFC 4.7 PERP BMYVT83 18.91 911,254 17,231,813.14
0.77 SO SO 4.95 01/30/2080 BKM3QB9 21.86 787,236 17,208,978.96
0.74 WFC WFC 4 1/4 PERP BP91X65 17.13 973,572 16,677,288.36
0.73 WFC WFC 6 5/8 PERP BH7Y8S7 25.12 654,222 16,434,056.64
0.72 BAC BAC 4 1/4 PERP BMH4QB1 17.35 933,266 16,192,165.10
0.72 MET MET 4 3/4 PERP BL3BQ19 20.49 787,159 16,128,887.91
0.70 ATH ATH 6.35 PERP BK1MHD6 22.80 689,206 15,713,896.80
0.67 USB USB 6.16957 PERP B125QN4 19.20 786,970 15,109,824.00
0.67 MET MET 5 5/8 PERP BG43LW5 23.83 633,587 15,098,378.21
0.67 T T 5 5/8 08/01/67 BDDJDF0 23.04 649,448 14,963,281.92
0.66 BAC BAC 5 7/8 PERP BYVQZ09 24.16 613,130 14,813,282.11
0.66 STT STT 5.9 PERP BK4Z903 25.05 590,344 14,788,117.20
0.66 AEGON AEGON 5.1 12/15/49 BK59DD5 20.29 728,030 14,771,728.70
0.65 SCHW SCHW 5.95 PERP BYPFT55 24.80 590,323 14,640,010.40
0.64 JPM JPM 4 3/4 PERP BK57WX2 20.44 708,440 14,480,513.60
0.64 WFC WFC 4 3/8 PERP BL5C513 17.63 817,788 14,417,602.44
0.64 RGA RGA 7 1/8 10/15/52 BMG9SY4 25.98 550,843 14,310,901.14
0.63 F F 6 12/01/59 BJP1KW2 22.58 629,629 14,217,022.82
0.62 BAC BAC 4 3/8 PERP BMVXBP3 18.01 775,932 13,974,535.32
0.62 F F 6.2 06/01/59 BJ029D4 23.57 590,309 13,913,583.13
0.61 SRE SRE 5 3/4 07/01/2079 BK8LV34 23.11 596,123 13,776,402.53
0.61 TFC TFC 4 3/4 PERP BLD4B13 18.84 727,960 13,714,766.40
0.60 NEE NEE 5.65 03/01/2079 BH3JGK4 24.80 541,094 13,419,131.20
0.57 WFC WFC 5 5/8 PERP BYQHXS1 23.42 545,496 12,775,516.32
0.56 GS GS 6.37689 PERP B07GC93 21.30 590,108 12,569,300.40
0.55 EQH EQH 5 1/4 PERP BKRMRC9 19.60 629,418 12,336,592.80
0.52 ATH ATH 6 3/8 PERP BMG0ZK2 24.55 480,184 11,788,517.20
0.52 SO SO 4.2 10/15/60 BMGS0L2 19.75 590,113 11,654,731.75
0.51 CMS CMS 5 7/8 03/01/2079 BJJP666 23.25 495,693 11,524,862.25
0.50 WCC WCC 10 5/8 PERP BLFBXS3 26.38 423,546 11,173,143.48
0.50 F F 6 1/2 08/15/62 BPJK038 23.21 480,232 11,146,184.72
0.49 BAC BAC 4 1/8 PERP BN4Q1G7 16.98 648,149 11,005,570.02
0.49 JXN JXN 8 PERP BMW6VL7 25.32 432,557 10,952,343.24
0.48 MET MET 6.6617 PERP B0B87W3 22.90 471,978 10,808,296.20
0.47 LNC LNC 9 PERP BP398R1 27.05 393,223 10,636,682.15
0.47 PRU PRU 5 5/8 08/15/58 BG844G9 23.68 444,380 10,522,918.40
0.46 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 65.41 158,199 10,347,796.59
0.46 USB USB 5 1/2 PERP BDT6C58 22.83 452,187 10,323,429.21
0.45 ATH ATH 7 3/4 PERP BPLKV33 25.39 400,883 10,178,419.37
0.45 RBC RBC 5 10/15/24 BP6RTH9 111.54 90,508 10,095,262.32
0.45 ALL ALL 8.73457 01/15/53 B87XV26 25.60 393,168 10,065,100.80
0.44 USB USB 4 PERP BMFDGD2 16.90 589,847 9,968,414.30
0.44 CTL CTL 6 1/2 09/01/56 BZ4C835 12.75 768,814 9,802,378.50
0.43 DUK DUK 5 5/8 09/15/2078 BFNR2X9 24.84 393,146 9,765,746.64
0.43 BAC BAC 4 3/4 PERP BN7SQB0 19.37 500,174 9,688,370.38
0.43 TFC TFC 5 1/4 PERP BMFYGG8 21.24 452,170 9,604,090.80
0.43 SYF SYF 5 5/8 PERP BK77YC3 16.22 589,819 9,566,805.20
0.42 KEY KEY 6.2 PERP BPLPQT9 19.94 471,774 9,407,173.56
0.41 NYCB NYCB 6 3/8 PERP BYVLYP2 22.89 404,841 9,266,810.49
0.41 SCHW SCHW 4.45 PERP BMW32F9 19.30 471,795 9,105,643.50
0.40 STT STT 5.35 PERP BYPK477 23.04 393,078 9,056,517.12
0.40 ET ET 10.1562 PERP BNZGZ19 25.34 353,723 8,963,340.82
0.40 RF RF 6 3/8 PERP BLZHDQ9 22.80 393,060 8,961,768.00
0.40 AIG AIG 5.85 PERP BJM0FP0 22.79 393,110 8,958,976.90
0.40 PSA PSA 4 5/8 PERP BLFGL51 20.02 444,249 8,893,864.98
0.39 AXS AXS 5 1/2 PERP BD2Z8N2 20.23 432,337 8,746,177.51
0.39 KEY KEY 6 1/8 PERP BYQR0N5 22.25 392,924 8,742,559.00
0.39 USB USB 6.58957 PERP B617Z40 773.50 11,302 8,742,097.00
0.38 COF COF 4 3/8 PERP BMX47S9 16.24 530,683 8,618,291.92
0.37 NSUS NSUS 12.3036 01/15/43 B8S0HY0 26.35 316,420 8,337,667.00
0.37 PSA PSA 4 PERP BM91SN6 17.56 474,668 8,335,170.08
0.37 SO SO 5 1/4 12/01/2077 BF0WD23 23.41 353,789 8,282,200.49
0.36 MS MS 4 7/8 PERP BK6JGG8 20.75 393,035 8,155,476.25
0.36 PACW PACW 7 3/4 PERP BNM26D9 20.16 402,988 8,124,238.08
0.36 RF RF 5.7 PERP BJMXZX7 20.61 392,939 8,098,472.79
0.36 BHF BHF 5 3/8 PERP BN0TD19 17.89 451,773 8,082,218.97
0.36 RGA RGA 5 3/4 06/15/56 BYT3Q98 25.45 314,465 8,003,134.25
0.35 QRTEV QRTEA 8 03/15/31 BMH2T16 31.24 249,599 7,797,472.76
0.34 ATH ATH 4 7/8 PERP BMC8G63 16.71 463,252 7,740,940.92
0.34 ESGR ESGR 7 PERP BFXXB52 24.62 314,347 7,739,223.14
0.34 NSUS NSUS 11.3147 PERP BF0XV77 25.08 302,605 7,589,333.40
0.34 BHF BHF 6 3/4 PERP BM9JJ93 23.92 316,319 7,566,350.48
0.33 BHF BHF 6.6 PERP BJ0M332 22.48 333,868 7,505,352.64
0.33 PRU PRU 4 1/8 09/01/60 BLB2465 19.08 392,905 7,496,627.40
0.33 TDS TDS 6 PERP BNSNM38 13.49 542,130 7,313,333.70
0.32 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 13.76 527,586 7,259,583.36
0.32 DTE DTE 5 1/4 12/01/2077 BF3L703 23.05 314,402 7,246,966.10
0.32 ACGL ACGL 4.55 PERP BNYBNX3 18.40 392,829 7,228,053.60
0.32 USM USM 6 1/4 09/01/69 BMGR6C2 18.16 392,674 7,130,959.84
0.31 AEL AEL 5.95 PERP BL4Q3H8 22.19 314,296 6,974,228.24
0.31 ETR ETR 4 7/8 09/01/66 BZC0L09 21.59 322,068 6,953,448.12
0.31 HBAN HBAN 4 1/2 PERP BKPLQ32 17.45 392,728 6,853,103.60
0.31 BHF BHF 6 1/4 09/15/58 BF5JWJ9 23.24 294,570 6,845,806.80
0.30 USB USB 4 1/2 PERP BMC7GV5 19.29 353,488 6,818,783.52
0.30 HIG HIG 6 PERP BF5J7D8 24.96 271,036 6,765,058.56
0.30 KKR KKR 4 5/8 04/01/61 BN2D5N5 17.19 392,782 6,751,922.58
0.30 CTL CTL 6 3/4 06/15/57 BD2ZSL0 12.97 518,592 6,726,138.24
0.30 EIX EIX 5 PERP BDC3P68 17.90 373,329 6,682,589.10
0.29 CFG CFG 5 PERP BK229B7 18.30 353,446 6,468,061.80
0.29 BAC BAC 6.14137 PERP B1VN1F6 20.91 307,499 6,429,804.09
0.29 USM USM 5 1/2 03/01/70 BN7J7C1 16.31 392,428 6,400,500.68
0.28 NTRS NTRS 4.7 PERP BKFVZR9 20.30 314,250 6,379,275.00
0.28 USM USM 5 1/2 06/01/70 BNMBT60 16.25 392,424 6,376,890.00
0.28 CG CG 4 5/8 05/15/61 BMHV4X0 16.16 392,806 6,347,744.96
0.28 KEY KEY 5 5/8 PERP BJHDLJ0 17.96 353,423 6,347,477.08
0.28 HBAN HBAN 6 7/8 PERP BQMS207 24.85 255,203 6,341,794.55
0.28 RNR RNR 4.2 PERP BKSDN56 16.05 392,739 6,303,460.95
0.28 USB USB 3 3/4 PERP BMFV904 15.98 392,606 6,273,843.88
0.27 KEY KEY 5.65 PERP BYWLBZ0 18.34 333,664 6,119,397.76
0.27 RLJ RLJ 1.95 PERP BF2N465 23.75 252,693 6,001,458.75
0.26 PRU PRU 5.95 09/01/62 BQB5JR5 24.79 235,554 5,839,383.66
0.26 PSA PSA 4 PERP BMQ85K6 17.07 341,649 5,830,240.19
0.26 PBI PBI 6.7 03/07/43 B9CDPW6 17.22 333,613 5,744,815.86
0.25 AEL AEL 6 5/8 PERP BMTD3B5 24.07 235,473 5,667,835.11
0.25 VOYA VOYA 5.35 PERP BJGS497 23.86 235,445 5,617,717.70
0.25 FCNCA FCNCA 5 3/8 PERP BLHLTL6 20.49 270,789 5,548,466.61
0.25 PSA PSA 5.05 PERP BF7PKX5 23.36 235,528 5,501,934.08
0.24 PSA PSA 5.6 PERP BGMHQB3 24.38 223,739 5,454,823.94
0.24 DLR DLR 5.2 PERP BKLXG10 20.02 270,851 5,422,437.02
0.24 ATH ATH 5 5/8 PERP BKWG6L8 20.00 270,756 5,415,120.00
0.24 ACGL ACGL 5.45 PERP BF956G8 20.80 259,080 5,388,864.00
0.24 UNM UNM 6 1/4 06/15/58 BFYF0S3 22.83 235,502 5,376,510.66
0.24 OTHER PAYABLE & RECEIVABLES 1.00 5,342,317 5,342,317.28
0.24 PSA PSA 4 7/8 PERP BK598B8 21.46 248,273 5,327,938.58
0.24 WTFC WTFC 6 7/8 PERP BMTCNN4 23.42 225,610 5,283,786.20
0.24 COF COF 4 1/4 PERP BMHJZD1 15.82 333,498 5,275,938.36
0.23 SO SO 5 10/01/2077 BZ60HT6 23.84 220,244 5,249,824.08
0.23 EIX EIX 5.45 PERP BYQ69C4 22.06 235,420 5,193,365.20
0.23 RF RF 4.45 PERP BP2C5M5 16.43 313,957 5,158,313.51
0.23 PSA PSA 5.15 PERP BYZ2PF8 23.28 219,838 5,117,828.64
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 23.27 219,810 5,114,978.70
0.23 AMG AMG 5 7/8 03/30/59 BJVJZF8 21.54 235,409 5,070,709.86
0.23 ASB ASB 6 5/8 03/01/33 BMX3XP5 20.78 243,827 5,066,725.06
0.22 TDS TDS 6 5/8 PERP BMDKP83 15.18 329,420 5,000,595.60
0.22 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 15.85 313,926 4,975,727.10
0.22 SR SR 5.9 PERP BJV8KN8 23.87 205,092 4,894,520.58
0.21 BAC NEW YORK BAC 5.97618 PERP B1GH4Y3 20.68 230,182 4,760,163.76
0.21 WRB WRB 5.1 12/30/59 BJBK4B0 19.75 235,410 4,649,347.50
0.21 NRUC NRUC 5 1/2 05/15/64 BJBL059 23.54 196,171 4,617,865.34
0.20 KIM KIM 5 1/4 PERP BD0RST6 22.21 205,174 4,556,914.54
0.20 MTB MTB 5 5/8 PERP BPQT641 23.02 196,124 4,514,774.48
0.20 SF SF 6 1/8 PERP BMDX0S7 24.19 186,617 4,514,265.23
0.20 ALL ALL 4 3/4 PERP BK727P2 19.04 235,361 4,481,273.44
0.20 BC BC 6 3/8 04/15/49 BJT13Z2 24.33 180,294 4,386,553.02
0.19 DTE DTE 4 3/8 12/01/2081 BNQNFS6 19.66 219,657 4,318,456.62
0.19 TCBI TCBI 5 3/4 PERP BMH40V9 18.28 235,602 4,306,804.56
0.19 RNR RNR 5 3/4 PERP BFMZ665 21.54 196,099 4,223,972.46
0.19 NAVI NAVI 6 12/15/43 BDRW5R1 17.77 235,263 4,180,623.51
0.19 OZK OZK 4 5/8 PERP BNTYXM6 15.20 274,268 4,168,873.60
0.18 BHF BHF 4 5/8 PERP BNRLZ01 15.03 274,178 4,120,895.34
0.18 PSA PSA 4.7 PERP BK72JQ7 20.19 202,851 4,095,561.69
0.18 FITB FITB 4.95 PERP BKKBGL5 20.67 196,061 4,052,580.87
0.18 SF SF 4 1/2 PERP BP38124 16.70 241,127 4,026,820.90
0.18 WRB WRB 4 1/8 03/30/61 BNKBJW8 17.01 235,191 4,000,598.91
0.18 DHC DHC 5 5/8 08/01/42 BKRTG67 14.44 273,997 3,956,516.68
0.18 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 10.00 392,844 3,928,440.00
0.17 SPNT SPNT 8 PERP BMB63G7 24.89 156,632 3,898,993.39
0.17 PSA PSA 3 7/8 PERP BLFKCL6 16.60 231,582 3,844,261.20
0.17 WAL WAL 4 1/4 PERP BNZJSP3 16.00 240,075 3,841,200.00
0.17 SNV SNV 9.0137 PERP BG1FRQ0 24.26 155,889 3,781,867.14
0.17 BIP BIP 5 1/8 PERP BPVC0M1 16.07 235,093 3,777,944.51
0.17 KIM KIM 5 1/8 PERP BF47T71 21.43 174,565 3,740,927.95
0.17 WRB WRB 4 1/4 09/30/60 BN0W233 18.95 196,069 3,715,507.55
0.17 FITB FITB 6 PERP BJGTMK7 23.70 156,621 3,711,917.70
0.16 PSA PSA 4 3/4 PERP BKSD8W8 20.38 180,164 3,671,742.32
0.16 AMG AMG 4 3/4 09/30/60 BN0VM18 17.01 215,369 3,663,426.69
0.16 VNO VNO 5 1/4 PERP BF5LLD2 14.53 250,751 3,643,487.26
0.16 TVA TVA 2.216 05/01/29 2520249 21.27 171,040 3,638,020.80
0.16 DLR DLR 5.85 PERP BJR2164 21.98 164,512 3,615,973.76
0.16 HPP HPP 4 3/4 PERP BP38WQ5 10.84 333,423 3,612,638.21
0.16 VNO VNO 5 1/4 PERP BMWB4M4 14.50 245,918 3,565,811.00
0.16 DTE DTE 4 3/8 10/15/2080 BMY4XS0 19.71 180,130 3,550,686.53
0.16 SLG SLG 6 1/2 PERP B89P3T1 18.85 188,230 3,548,135.50
0.16 EQH EQH 4.3 PERP BMF1DS0 15.03 235,535 3,540,091.05
0.16 VNO VNO 5.4 PERP B8K7RN8 14.81 238,281 3,527,750.21
0.15 NSUS NSUS 12.551 PERP BD1KJ79 25.56 134,963 3,449,654.28
0.15 PSA PSA 4.1 PERP BMX8DR2 17.29 195,906 3,387,645.73
0.15 GS GS 6.37689 PERP B0N0V47 21.58 156,880 3,385,470.40
0.15 WAFD WAFD 4 7/8 PERP BMVN6G9 13.72 240,533 3,300,112.76
0.15 FCNCA FCNCA 5 5/8 PERP BMQ7J12 20.78 156,843 3,259,197.54
0.14 DHC DHC 6 1/4 02/01/46 BKRTG78 15.63 206,933 3,234,362.79
0.14 BEPUCN BEPUCN 4 7/8 PERP BMV7W07 15.49 203,481 3,151,920.69
0.14 EIX EIX 5.1 PERP B93SGN8 18.18 172,342 3,133,177.56
0.14 SLM SLM 7.37104 PERP B0B87Z6 61.81 49,106 3,035,241.86
0.13 VNO VNO 4.45 PERP BMHV5V5 12.43 241,503 3,001,882.29
0.13 SITC SITC 6 3/8 PERP BGL0NT0 21.82 137,023 2,989,841.86
0.13 MBIN MBIN 8 1/4 PERP BQ0QJ57 24.23 117,488 2,846,734.24
0.12 BPY BPY 5 3/4 PERP BLK7825 12.38 224,791 2,782,912.58
0.12 ZION ZION 9.91104 PERP B8GFK37 25.22 109,178 2,753,469.16
0.12 TRTN TRTN 8 PERP BJK4N72 24.25 112,488 2,727,834.00
0.12 TRTN TRTN 5 3/4 PERP BLCGQK4 18.04 149,539 2,696,935.87
0.12 FHN FHN 6 1/2 PERP BMH5VC0 21.40 125,901 2,694,281.40
0.12 TRTN TRTN 6 7/8 PERP BMTQTF0 22.47 117,239 2,634,360.33
0.11 FULT FULT 5 1/8 PERP BN7NYQ6 15.72 156,669 2,462,836.68
0.11 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 18.37 131,522 2,416,059.14
0.11 PSA PSA 3.9 PERP BMW9C79 16.94 141,471 2,396,518.74
0.10 BPY BPY 6 1/2 PERP BJHJQ37 14.22 152,393 2,167,028.46
0.09 ESGR ESGR 7 PERP BGT0PD0 23.62 89,882 2,123,012.84
0.09 FTAI FTAI 8 1/4 PERP BM8J6T3 23.90 87,626 2,094,261.40
0.09 NYCB NYCB 6 11/01/51 2049603 36.51 56,591 2,066,097.80
0.09 FHN FHN 4.7 PERP BLB1GT9 15.08 133,008 2,006,026.66
0.09 CFR CFR 4.45 PERP BNKVVC2 16.90 116,957 1,976,573.30
0.08 QVCN QVCN 6 3/8 09/13/67 BF5K8M7 10.11 181,523 1,835,197.53
0.08 VLY VLY 9.11586 PERP BDGSY95 22.68 78,912 1,789,724.16
0.08 VLY VLY 6 1/4 PERP BYNMCH1 19.84 89,405 1,773,795.20
0.06 ASB ASB 5 7/8 PERP BG2F3F0 17.76 77,435 1,374,858.43
-0.01 CASH 1.00 -314,603 -314,603.42
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.