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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 51.8% lower than the competitor average net expense ratio as of 10/1/24, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Key Information As of 12/12/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.42 billion
NAV $20.12
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 12/12/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 120,300,000
Number of Holdings 211
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.A as of 03/31/24

Distributions As of 12/12/24

30-Day SEC Yield 6.16%
Trailing 12-Month Distribution (%) 6.40%
Distribution Rate 6.00%
Distribution Frequency Monthly

ETF Prices As of 12/12/24

NAV $20.12 Daily Change -$0.10 -0.49%
Market Price $20.09 Daily Change -$0.17 -0.84%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 17.74% 17.83% 18.03%
3 Years -1.04% -1.03% -0.88%
5 Years 2.05% 2.07% 2.24%
Since Inception 3.12% 3.18% 3.31%
1 Year 14.20% 14.19% 14.54%
3 Years -0.70% -0.74% -0.52%
5 Years 2.07% 2.01% 2.25%
Since Inception 3.03% 3.07% 3.23%
Year-to-Date 11.58% 11.73% 11.76%
1 Month 3.10% 3.05% 3.07%
3 Months 7.18% 7.27% 7.27%
Since Inception 24.18% 24.76% 25.85%
Year-to-Date 11.45% 11.44% 11.73%
1 Month 0.89% 0.79% 0.94%
3 Months 2.98% 2.78% 3.05%
Since Inception 24.03% 24.44% 25.82%

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 12/12/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.04 WFC WFC 7 1/2 PERP B3KRSW9 1,227.96 79,676 97,838,940.96
2.77 BAC BAC 7 1/4 PERP B2PB3Z7 1,250.21 53,683 67,115,023.43
2.26 C C 11.2208 10/30/40 B3Z1BZ0 30.26 1,803,733 54,580,960.58
2.21 APO APO 6 3/4 07/31/26 BQVW6Z3 92.63 577,208 53,466,777.04
1.80 ALB ALB 7 1/4 03/01/27 BPCTR42 47.22 920,972 43,488,297.84
1.64 NEE NEE 7.299 06/01/27 BPBP9W3 49.68 798,169 39,653,035.92
1.55 JPM JPM 6 PERP BJ2KBT6 25.29 1,481,812 37,475,025.48
1.40 JPM JPM 5 3/4 PERP BFY34D0 24.90 1,359,062 33,840,643.80
1.37 WFC WFC 4 3/4 PERP BJVB6B7 20.52 1,612,522 33,088,951.44
1.27 JPM JPM 4 5/8 PERP BND7XB0 20.80 1,482,533 30,836,686.40
1.26 JPM JPM 4.2 PERP BN75VC7 18.98 1,602,820 30,421,523.60
1.17 T T 4 3/4 PERP BLL1ZY7 20.26 1,403,135 28,427,515.10
1.05 GS GS 5.45324 PERP B15CKS5 23.45 1,083,750 25,413,937.50
1.04 T T 5.35 11/01/66 BF545Q2 23.73 1,061,694 25,193,998.62
1.02 JPM JPM 4.55 PERP BM8TGF9 20.43 1,204,179 24,601,376.97
1.00 COF COF 5 PERP BGMJPW3 19.95 1,207,485 24,089,325.75
0.98 BAC BAC 6 PERP BFZNM46 25.06 946,799 23,726,782.94
0.92 BAC BAC 5 3/8 PERP BJN6RX9 22.95 968,884 22,235,887.80
0.89 MS MS 5.61751 PERP B1802M4 24.21 886,605 21,464,707.05
0.86 MS MS 6 1/2 PERP BQH5ZL5 25.96 802,315 20,828,097.40
0.86 ALL ALL 5.1 PERP BKDKS91 22.48 921,212 20,708,845.76
0.85 T T 5 PERP BKPK060 21.46 961,310 20,629,712.60
0.85 MS MS 6 3/8 PERP BQT2G00 25.34 807,815 20,470,032.10
0.82 MS MS 4 1/4 PERP BMF4W82 19.16 1,041,743 19,959,795.88
0.82 MS MS 5.85 PERP BYYYY81 24.89 801,728 19,955,009.92
0.82 DUK DUK 5 3/4 PERP BJXH6L3 24.70 807,815 19,953,030.50
0.82 BAC BAC 5 PERP BKVJXF1 21.74 912,398 19,835,532.52
0.79 WFC WFC 4.7 PERP BMYVT83 20.39 939,777 19,162,053.03
0.79 COF COF 4.8 PERP BK9PWX2 18.93 1,003,287 18,992,222.91
0.78 BAC BAC 6.45 12/15/66 BF2PL60 25.65 736,972 18,901,028.76
0.78 WFC WFC 4 1/4 PERP BP91X65 18.82 1,004,164 18,898,366.48
0.76 USB USB 5.51751 PERP B125QN4 22.80 807,934 18,420,895.20
0.73 MS MS 7 1/8 PERP BF4YJ94 25.41 692,408 17,594,087.28
0.72 SO SO 4.95 01/30/2080 BKM3QB9 21.71 804,589 17,467,627.19
0.72 MS MS 6 7/8 PERP BH5QGM5 25.36 682,492 17,307,997.12
0.71 BAC BAC 4 1/4 PERP BMH4QB1 18.88 910,865 17,197,131.20
0.70 MET MET 4 3/4 PERP BL3BQ19 20.90 806,987 16,866,028.30
0.70 ATH ATH 6.35 PERP BPSKDY1 24.29 692,193 16,815,531.07
0.68 WFC WFC 4 3/8 PERP BL5C513 19.41 843,071 16,364,008.11
0.67 MTB MTB 7 1/2 PERP BS55Z77 26.82 603,134 16,176,053.88
0.65 JPM JPM 4 3/4 PERP BK57WX2 21.77 722,675 15,732,634.75
0.65 AEGON AEGON 5.1 12/15/49 BK59DD5 21.05 744,093 15,663,157.65
0.64 MET MET 5 5/8 PERP BG43LW5 24.05 646,850 15,556,742.50
0.63 SCHW SCHW 5.95 PERP BYPFT55 25.12 603,490 15,159,668.80
0.62 F F 6 12/01/59 BJP1KW2 23.44 643,736 15,089,171.84
0.62 TFC TFC 4 3/4 PERP BLD4B13 20.16 744,604 15,011,216.64
0.62 BAC BAC 5 7/8 PERP BYVQZ09 24.96 598,634 14,938,911.47
0.61 RGA RGA 7 1/8 10/15/52 BMG9SY4 26.39 563,436 14,869,076.04
0.61 BAC BAC 4 3/8 PERP BMVXBP3 19.52 755,828 14,753,838.14
0.60 GS GS 5.53324 PERP B07GC93 23.96 603,755 14,465,969.80
0.59 SRE SRE 5 3/4 07/01/2079 BK8LV34 23.48 611,982 14,369,719.85
0.59 F F 6.2 06/01/59 BJ029D4 23.56 606,522 14,289,658.32
0.59 OTHER PAYABLE & RECEIVABLES 1.00 14,165,522 14,165,522.45
0.58 CTL CTL 6 1/2 09/01/56 BZ4C835 17.93 782,696 14,033,739.28
0.58 EQH EQH 5 1/4 PERP BKRMRC9 21.62 643,974 13,922,717.88
0.57 WFC WFC 5 5/8 PERP BYQHXS1 24.65 555,631 13,696,304.15
0.55 NEE NEE 5.65 03/01/2079 BH3JGK4 24.06 552,207 13,286,100.42
0.53 ALL ALL 7 3/8 PERP BNBXR41 26.83 473,282 12,698,156.06
0.52 APO APO 7 5/8 09/15/53 BQC5ZW1 26.86 468,545 12,585,118.70
0.51 CMS CMS 5 7/8 03/01/2079 BJJP666 24.22 514,152 12,452,761.44
0.51 CASH 1.00 12,361,665 12,361,665.01
0.50 KEY KEY 6.2 PERP BPLPQT9 24.80 490,420 12,162,416.00
0.50 F F 6 1/2 08/15/62 BPJK038 24.83 489,744 12,160,343.52
0.50 MET MET 6.20825 PERP B0B87W3 24.96 481,398 12,015,694.08
0.50 SYF SYF 5 5/8 PERP BK77YC3 20.00 599,048 11,980,960.00
0.49 JXN JXN 8 PERP BMW6VL7 26.87 443,403 11,914,238.61
0.48 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 73.07 160,442 11,723,496.94
0.48 ATH ATH 7 1/4 03/30/64 BSLKYN5 25.11 463,797 11,644,493.30
0.48 USB USB 5 1/2 PERP BDT6C58 24.65 469,949 11,584,242.85
0.48 EIX EIX 7 1/2 PERP BLFB156 26.21 441,699 11,577,482.91
0.48 SO SO 4.2 10/15/60 BMGS0L2 19.28 599,048 11,549,645.44
0.47 BAC BAC 4 1/8 PERP BN4Q1G7 18.45 620,812 11,453,919.32
0.46 USB USB 4 PERP BMFDGD2 18.23 610,606 11,131,347.38
0.46 LNC LNC 9 PERP BP398R1 27.82 399,775 11,121,740.50
0.46 PRU PRU 5 5/8 08/15/58 BG844G9 24.47 452,008 11,060,635.76
0.44 ALL ALL 8.08251 01/15/53 B87XV26 26.43 403,791 10,672,196.13
0.44 ATH ATH 7 3/4 PERP BPLKV33 26.55 401,437 10,656,396.06
0.44 BTSG BTSG 6 3/4 02/01/27 BPDYYD4 65.75 161,460 10,615,995.00
0.43 SYF SYF 8 1/4 PERP BSNWT01 26.14 401,704 10,500,542.56
0.42 BAC BAC 4 3/4 PERP BN7SQB0 21.19 484,271 10,261,702.49
0.42 TFC TFC 5 1/4 PERP BMFYGG8 22.09 460,126 10,164,183.34
0.42 TDS TDS 6 PERP BNSNM38 18.41 551,125 10,146,211.25
0.42 USB USB 5.93751 PERP B617Z40 879.61 11,463 10,082,969.43
0.41 AXS AXS 5 1/2 PERP BD2Z8N2 22.27 446,447 9,942,374.69
0.41 KEY KEY 6 1/8 PERP BYQR0N5 24.24 409,297 9,921,359.28
0.41 DUK DUK 5 5/8 09/15/2078 BFNR2X9 24.27 404,069 9,806,123.07
0.40 SCHW SCHW 4.45 PERP BMW32F9 20.27 478,646 9,702,154.42
0.40 RF RF 5.7 PERP BJMXZX7 24.25 398,920 9,673,810.00
0.40 STT STT 5.35 PERP BYPK477 24.00 401,468 9,635,232.00
0.39 COF COF 4 3/8 PERP BMX47S9 17.63 537,775 9,480,973.25
0.39 USM USM 6 1/4 09/01/69 BMGR6C2 23.56 401,124 9,450,481.44
0.38 QRTEV QRTEA 8 03/15/31 BMH2T16 36.50 255,014 9,308,011.00
0.38 FITB FITB 9.29621 PERP BH58353 25.63 361,414 9,263,040.82
0.38 CTL CTL 6 3/4 06/15/57 BD2ZSL0 18.09 510,312 9,230,587.25
0.38 FLG FLG 6 3/8 PERP BYVLYP2 21.81 422,461 9,213,874.41
0.38 AMG AMG 6 3/4 03/30/64 BSLL7L7 25.28 363,871 9,198,658.88
0.38 PSA PSA 4 5/8 PERP BLFGL51 20.21 453,047 9,156,504.38
0.38 USM USM 5 1/2 03/01/70 BN7J7C1 22.57 405,624 9,154,933.68
0.38 MS MS 4 7/8 PERP BK6JGG8 22.57 404,659 9,133,153.63
0.38 USM USM 5 1/2 06/01/70 BNMBT60 22.50 404,527 9,101,857.50
0.36 CFG CFG 7 3/8 PERP BQGD2H5 26.85 323,619 8,689,170.15
0.36 BHF BHF 5 3/8 PERP BN0TD19 18.83 459,312 8,648,844.96
0.36 ATH ATH 4 7/8 PERP BMC8G63 18.57 465,251 8,637,530.21
0.35 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 15.82 541,798 8,571,244.36
0.34 KEY KEY 5 5/8 PERP BJHDLJ0 22.75 363,906 8,278,861.50
0.34 TPG TPG 6.95 03/15/64 BRC7MJ0 25.80 320,295 8,263,611.00
0.34 SO SO 5 1/4 12/01/2077 BF0WD23 22.80 358,406 8,171,656.80
0.34 PSA PSA 4 PERP BM91SN6 17.34 467,346 8,103,779.64
0.33 KKR KKR 4 5/8 04/01/61 BN2D5N5 19.49 410,242 7,996,000.98
0.33 RGA RGA 5 3/4 06/15/56 BYT3Q98 24.78 320,080 7,931,582.40
0.32 BHF BHF 6.6 PERP BJ0M332 22.95 341,272 7,832,192.40
0.32 BHF BHF 6 3/4 PERP BM9JJ93 24.04 322,757 7,757,464.50
0.32 HBAN HBAN 4 1/2 PERP BKPLQ32 18.85 405,604 7,645,635.40
0.32 EIX EIX 5 PERP BDC3P68 20.14 379,356 7,639,281.45
0.31 ACGL ACGL 4.55 PERP BNYBNX3 19.02 399,407 7,594,973.73
0.31 USB USB 4 1/2 PERP BMC7GV5 20.92 363,028 7,594,545.76
0.31 KEY KEY 5.65 PERP BYWLBZ0 22.20 340,154 7,551,418.80
0.31 PRU PRU 4 1/8 09/01/60 BLB2465 18.68 401,226 7,494,901.68
0.31 CFG CFG 5 PERP BK229B7 20.56 363,960 7,483,017.60
0.31 BHF BHF 6 1/4 09/15/58 BF5JWJ9 24.50 304,124 7,451,038.00
0.31 CG CG 4 5/8 05/15/61 BMHV4X0 18.55 398,095 7,384,662.25
0.30 FG FG 7.95 12/15/53 BNKG9F6 26.60 276,552 7,356,283.20
0.30 SNV SNV 8.397 PERP BKFHSG7 26.18 280,515 7,342,533.42
0.30 EIX EIX 6.95 PERP BSQL9V6 25.89 280,513 7,261,254.33
0.30 TDS TDS 6 5/8 PERP BMDKP83 20.67 348,346 7,200,311.82
0.30 DTE DTE 5 1/4 12/01/2077 BF3L703 22.62 318,144 7,196,417.28
0.29 RNR RNR 4.2 PERP BKSDN56 17.81 397,024 7,070,997.44
0.29 HIG HIG 6 PERP BF5J7D8 24.84 279,794 6,950,082.96
0.28 HBAN HBAN 6 7/8 PERP BQMS207 26.04 263,502 6,861,592.08
0.28 AQNCN AQNCN 9.81658 07/01/2079 BFYWGC0 25.14 271,271 6,820,737.11
0.28 PBI PBI 6.7 03/07/43 B9CDPW6 19.67 344,702 6,780,288.34
0.28 NTRS NTRS 4.7 PERP BKFVZR9 20.93 323,646 6,772,697.11
0.28 BAC BAC 5.28175 PERP B1VN1F6 24.09 279,054 6,722,410.86
0.27 RLJ RLJ 1.95 PERP BF2N465 25.27 261,189 6,600,246.03
0.27 ESGR ESGR 7 PERP BFXXB52 20.39 319,704 6,518,764.56
0.26 FCNCA FCNCA 5 3/8 PERP BLHLTL6 22.84 275,598 6,294,658.32
0.26 DLR DLR 5.2 PERP BKLXG10 22.46 279,794 6,282,774.27
0.26 EIX EIX 5.45 PERP BYQ69C4 24.58 250,931 6,167,727.15
0.25 PSA PSA 4 PERP BMQ85K6 17.46 351,870 6,143,650.20
0.25 PRU PRU 5.95 09/01/62 BQB5JR5 25.23 243,299 6,138,433.77
0.25 UNM UNM 6 1/4 06/15/58 BFYF0S3 24.96 240,271 5,997,164.16
0.25 RF RF 4.45 PERP BP2C5M5 18.66 320,055 5,972,226.30
0.24 COF COF 4 1/4 PERP BMHJZD1 17.22 339,502 5,846,224.44
0.24 VOYA VOYA 5.35 PERP BJGS497 24.33 239,260 5,821,195.80
0.24 ATH ATH 5 5/8 PERP BKWG6L8 21.77 262,504 5,714,275.67
0.24 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 17.50 325,742 5,700,485.00
0.24 ASB ASB 6 5/8 03/01/33 BMX3XP5 25.01 227,401 5,687,299.01
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 24.55 226,807 5,568,111.85
0.23 ACGL ACGL 5.45 PERP BF956G8 22.09 251,241 5,549,756.66
0.23 AHL AHL 4.85372 PERP B94QMV1 24.92 220,510 5,495,197.40
0.23 WRB WRB 5.1 12/30/59 BJBK4B0 21.69 251,524 5,455,869.97
0.22 PSA PSA 5.05 PERP BF7PKX5 22.23 241,134 5,361,463.78
0.22 WAL WAL 4 1/4 PERP BNZJSP3 22.06 241,396 5,325,195.76
0.22 PSA PSA 5.6 PERP BGMHQB3 24.16 217,216 5,247,938.56
0.22 AMG AMG 5 7/8 03/30/59 BJVJZF8 22.86 228,110 5,214,594.60
0.21 NRUC NRUC 5 1/2 05/15/64 BJBL059 23.87 211,246 5,042,442.02
0.21 PSA PSA 5.15 PERP BYZ2PF8 22.41 223,929 5,017,829.02
0.21 OZK OZK 4 5/8 PERP BNTYXM6 16.97 291,895 4,953,458.15
0.20 SO SO 5 10/01/2077 BZ60HT6 22.57 218,344 4,928,024.08
0.20 BAC NEW YORK BAC 5.13507 PERP B1GH4Y3 24.33 201,597 4,903,967.98
0.20 NAVI NAVI 6 12/15/43 BDRW5R1 19.23 252,578 4,857,074.94
0.20 ALL ALL 4 3/4 PERP BK727P2 21.06 230,174 4,847,464.44
0.20 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 11.93 404,606 4,826,949.58
0.20 TCBI TCBI 5 3/4 PERP BMH40V9 20.12 239,771 4,824,192.52
0.20 HPP HPP 4 3/4 PERP BP38WQ5 14.19 338,701 4,806,167.19
0.20 BHF BHF 4 5/8 PERP BNRLZ01 16.41 288,213 4,729,575.33
0.20 RNR RNR 5 3/4 PERP BFMZ665 23.96 196,782 4,714,896.72
0.19 MTB MTB 5 5/8 PERP BPQT641 24.98 188,476 4,708,130.48
0.19 VNO VNO 5 1/4 PERP BF5LLD2 18.16 259,144 4,706,055.04
0.19 EQH EQH 4.3 PERP BMF1DS0 18.39 252,763 4,648,311.57
0.19 TVA TVA 2.134 06/01/28 2612674 22.78 201,682 4,594,315.96
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 15.89 286,209 4,547,861.01
0.19 BAC BAC 5.42552 PERP B06H0T3 22.81 196,626 4,485,039.06
0.18 PSA PSA 4.7 PERP BK72JQ7 20.40 218,282 4,452,134.24
0.18 VNO VNO 5.4 PERP B8K7RN8 18.50 239,620 4,432,970.00
0.18 FITB FITB 4.95 PERP BKKBGL5 23.34 188,393 4,397,092.62
0.18 KIM KIM 5 1/4 PERP BD0RST6 22.10 197,166 4,357,368.60
0.18 BIP BIP 5 1/8 PERP BPVC0M1 17.90 243,299 4,355,052.10
0.18 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 21.44 202,778 4,347,560.32
0.18 DTE DTE 4 3/8 12/01/2081 BNQNFS6 19.25 220,212 4,239,081.00
0.18 SLG SLG 6 1/2 PERP B89P3T1 24.20 174,636 4,226,191.20
0.18 SF SF 4 1/2 PERP BP38124 18.80 224,707 4,224,491.60
0.17 BC BC 6 3/8 04/15/49 BJT13Z2 24.34 172,735 4,204,369.90
0.17 SF SF 6 1/8 PERP BMDX0S7 24.55 168,952 4,147,771.60
0.17 DLR DLR 5.85 PERP BJR2164 24.41 167,277 4,083,963.41
0.17 GL GL 4 1/4 06/15/61 BKP8TS9 16.60 245,260 4,071,316.00
0.17 WAFD WAFD 4 7/8 PERP BMVN6G9 17.70 227,988 4,035,387.60
0.17 SF SF 5.2 10/15/47 BD9FPT0 21.93 182,475 4,001,676.75
0.17 AHL AHL 5 5/8 PERP BKDJPD1 20.41 195,625 3,992,401.08
0.16 AMG AMG 4 3/4 09/30/60 BN0VM18 19.26 205,741 3,962,571.66
0.16 GS GS 5.53324 PERP B0N0V47 24.53 160,270 3,931,423.10
0.16 PSA PSA 4 3/4 PERP BKSD8W8 20.61 190,358 3,922,921.46
0.16 WRB WRB 5.7 03/30/58 BFMXK34 24.51 157,748 3,866,995.04
0.16 PSA PSA 4.1 PERP BMX8DR2 18.12 212,369 3,848,922.66
0.15 FITB FITB 6 PERP BJGTMK7 25.20 147,969 3,728,818.80
0.15 SNV SNV 8.00906 PERP BG1FRQ0 25.07 148,346 3,719,221.14
0.14 BAC BAC 5.52551 PERP B0PR2S7 23.84 146,693 3,497,161.12
0.14 FCNCA FCNCA 5 5/8 PERP BMQ7J12 23.09 148,760 3,434,868.40
0.14 TFC TFC 5.73825 PERP BKMF2F1 23.72 138,953 3,295,965.16
0.13 BOH BOH 8 PERP BPBPCX5 26.42 121,241 3,203,187.22
0.13 BPY BPY 6 3/8 PERP BK1KVK5 15.17 202,778 3,076,142.26
0.13 BEPUCN BEPUCN 7 1/4 PERP BRBHMW4 25.44 119,670 3,044,404.80
0.12 BIP BIP 7 1/4 05/31/2084 BQGD0K4 25.32 114,887 2,908,938.84
0.12 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 23.65 121,650 2,877,022.50
0.11 TRTN TRTN 6 7/8 PERP BMTQTF0 23.98 109,046 2,614,923.08
0.10 ZION ZION 9.44825 PERP B8GFK37 24.99 100,896 2,521,391.04
0.10 BC BC 6 5/8 01/15/49 BH42ZM7 24.83 98,797 2,452,862.76
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.43 93,293 2,372,440.99
0.10 EPR EPR 5 3/4 PERP B8MGH66 21.23 109,342 2,321,330.66
0.10 PSA PSA 3.9 PERP BMW9C79 17.07 134,118 2,288,891.32
0.09 BPY BPY 6 1/2 PERP BJHJQ37 15.65 145,837 2,282,349.05
0.09 FLG FLG 6 11/01/51 2049603 38.98 55,439 2,161,012.22
0.07 OPI OPI 6 3/8 06/23/50 BK80YB0 11.92 131,399 1,566,276.08
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 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.