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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 10/10/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.52 billion
NAV $20.63
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 10/10/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 122,010,000
Number of Holdings 215
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.A as of 03/31/24

Distributions As of 10/10/24

30-Day SEC Yield 6.00%
Trailing 12-Month Distribution (%) 6.26%
Distribution Rate 5.99%
Distribution Frequency Monthly

ETF Prices As of 10/10/24

NAV $20.63 Daily Change -$0.06 -0.29%
Market Price $20.66 Daily Change -$0.06 -0.29%

Performance History

As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (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 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%
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 11.58% 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%

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 10/10/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.02 WFC WFC 7 1/2 PERP B3KRSW9 1,262.00 80,234 101,255,308.00
2.72 BAC BAC 7 1/4 PERP B2PB3Z7 1,258.51 54,427 68,496,896.56
2.19 C C 11.887 10/30/40 B3Z1BZ0 30.36 1,818,756 55,217,432.16
1.76 ALB ALB 7 1/4 03/01/27 BPCTR42 48.07 924,655 44,448,165.85
1.74 NEE NEE 7.299 06/01/27 BPBP9W3 54.10 810,437 43,844,641.70
1.71 APO APO 6 3/4 07/31/26 BQVW6Z3 74.46 579,115 43,120,902.90
1.50 JPM JPM 6 PERP BJ2KBT6 25.42 1,481,953 37,671,245.26
1.38 WFC WFC 4 3/4 PERP BJVB6B7 21.51 1,612,012 34,674,378.12
1.36 JPM JPM 5 3/4 PERP BFY34D0 25.19 1,360,068 34,260,112.92
1.33 JPM JPM 4 5/8 PERP BND7XB0 22.64 1,483,177 33,579,127.28
1.32 JPM JPM 4.2 PERP BN75VC7 20.69 1,601,726 33,139,710.94
1.16 T T 4 3/4 PERP BLL1ZY7 20.90 1,396,794 29,192,994.60
1.06 JPM JPM 4.55 PERP BM8TGF9 22.23 1,201,445 26,708,122.35
1.04 T T 5.35 11/01/66 BF545Q2 24.62 1,059,689 26,089,543.18
1.02 COF COF 5 PERP BGMJPW3 21.04 1,226,120 25,797,564.80
0.99 GS GS 6.03444 PERP B15CKS5 22.96 1,085,099 24,911,160.29
0.95 BAC BAC 6 PERP BFZNM46 25.27 946,054 23,906,784.58
0.94 BAC BAC 5 3/8 PERP BJN6RX9 24.43 965,020 23,570,613.50
0.90 ALL ALL 5.1 PERP BKDKS91 24.21 935,340 22,644,581.40
0.86 T T 5 PERP BKPK060 22.19 976,225 21,662,432.75
0.85 MS MS 4 1/4 PERP BMF4W82 20.36 1,057,731 21,535,403.16
0.85 MS MS 6 1/2 PERP BQH5ZL5 26.32 814,583 21,439,824.56
0.83 BAC BAC 5 PERP BKVJXF1 23.12 908,455 21,003,479.60
0.83 MS MS 6 3/8 PERP BQT2G00 25.44 820,083 20,862,911.52
0.82 MS MS 5.85 PERP BYYYY81 25.47 813,996 20,732,478.12
0.82 DUK DUK 5 3/4 PERP BJXH6L3 25.14 820,083 20,616,886.62
0.81 MS MS 6.26298 PERP B1802M4 22.75 900,183 20,479,163.25
0.80 COF COF 4.8 PERP BK9PWX2 20.12 998,747 20,094,789.64
0.79 WFC WFC 4.7 PERP BMYVT83 21.50 929,409 19,982,293.50
0.77 WFC WFC 4 1/4 PERP BP91X65 19.61 994,917 19,510,322.37
0.76 SO SO 4.95 01/30/2080 BKM3QB9 23.38 816,857 19,098,116.66
0.75 BAC BAC 6.45 12/15/66 BF2PL60 25.85 729,999 18,870,547.15
0.73 MET MET 4 3/4 PERP BL3BQ19 22.52 819,255 18,449,622.60
0.71 BAC BAC 4 1/4 PERP BMH4QB1 19.99 900,694 18,004,873.06
0.71 USB USB 6.16298 PERP B125QN4 21.81 820,202 17,888,605.62
0.70 MS MS 7 1/8 PERP BF4YJ94 25.26 703,002 17,757,830.52
0.69 MS MS 6 7/8 PERP BH5QGM5 25.25 692,900 17,495,725.00
0.68 WFC WFC 4 3/8 PERP BL5C513 20.12 856,126 17,225,255.12
0.68 JPM JPM 4 3/4 PERP BK57WX2 23.39 733,870 17,165,219.30
0.68 ATH ATH 6.35 PERP BPSKDY1 24.96 686,319 17,130,522.24
0.66 AEGON AEGON 5.1 12/15/49 BK59DD5 22.55 735,283 16,580,631.65
0.66 T T 5 5/8 08/01/67 BDDJDF0 25.25 656,305 16,571,701.25
0.65 MTB MTB 7 1/2 PERP BS55Z77 27.58 593,248 16,361,779.84
0.65 MET MET 5 5/8 PERP BG43LW5 24.91 656,700 16,358,397.00
0.64 TFC TFC 4 3/4 PERP BLD4B13 21.45 755,942 16,214,955.90
0.63 F F 6 12/01/59 BJP1KW2 24.14 653,594 15,777,759.16
0.61 SRE SRE 5 3/4 07/01/2079 BK8LV34 24.78 621,274 15,395,169.72
0.61 BAC BAC 4 3/8 PERP BMVXBP3 20.57 743,451 15,292,787.07
0.60 F F 6.2 06/01/59 BJ029D4 24.48 615,822 15,075,322.56
0.60 SCHW SCHW 5.95 PERP BYPFT55 25.40 592,657 15,053,487.80
0.60 RGA RGA 7 1/8 10/15/52 BMG9SY4 26.23 571,984 15,003,140.32
0.58 BAC BAC 5 7/8 PERP BYVQZ09 25.04 588,031 14,724,296.24
0.58 EQH EQH 5 1/4 PERP BKRMRC9 23.02 631,570 14,538,741.40
0.56 NEE NEE 5.65 03/01/2079 BH3JGK4 25.30 560,798 14,188,189.40
0.55 GS GS 6.11444 PERP B07GC93 23.45 593,355 13,914,174.75
0.54 WFC WFC 5 5/8 PERP BYQHXS1 25.05 545,709 13,670,010.45
0.53 ALL ALL 7 3/8 PERP BNBXR41 27.68 480,722 13,306,384.96
0.53 SO SO 4.2 10/15/60 BMGS0L2 21.34 621,738 13,266,334.58
0.52 CTL CTL 6 1/2 09/01/56 BZ4C835 16.55 794,786 13,153,708.30
0.52 SYF SYF 5 5/8 PERP BK77YC3 21.01 621,813 13,061,182.07
0.51 APO APO 7 5/8 09/15/53 BQC5ZW1 27.22 475,985 12,956,311.70
0.51 CMS CMS 5 7/8 03/01/2079 BJJP666 24.77 521,964 12,929,048.28
0.50 F F 6 1/2 08/15/62 BPJK038 25.48 497,184 12,668,248.32
0.49 BAC BAC 4 1/8 PERP BN4Q1G7 19.62 630,670 12,373,745.40
0.49 KEY KEY 6.2 PERP BPLPQT9 24.80 497,860 12,346,928.00
0.48 USB USB 4 PERP BMFDGD2 19.54 619,906 12,112,963.24
0.48 EIX EIX 7 1/2 PERP BLFB156 26.87 448,616 12,054,311.92
0.47 MET MET 6.20825 PERP B0B87W3 24.32 488,838 11,889,126.77
0.47 USB USB 5 1/2 PERP BDT6C58 24.84 477,017 11,849,102.28
0.47 ATH ATH 6 3/8 PERP BMG0ZK2 25.07 472,022 11,833,591.54
0.47 JXN JXN 8 PERP BMW6VL7 27.18 432,186 11,746,815.48
0.46 PRU PRU 5 5/8 08/15/58 BG844G9 25.28 459,111 11,606,326.08
0.46 LNC LNC 9 PERP BP398R1 28.52 405,913 11,576,638.76
0.46 ATH ATH 7 1/4 03/30/64 BSLKYN5 25.50 452,840 11,547,420.00
0.44 TFC TFC 5 1/4 PERP BMFYGG8 23.59 467,194 11,021,106.46
0.43 ATH ATH 7 3/4 PERP BPLKV33 26.60 407,575 10,841,495.00
0.43 TDS TDS 6 PERP BNSNM38 18.77 575,348 10,799,281.96
0.42 COF COF 4 3/8 PERP BMX47S9 19.48 546,145 10,638,904.60
0.42 SCHW SCHW 4.45 PERP BMW32F9 21.87 486,086 10,630,700.82
0.42 KEY KEY 6 1/8 PERP BYQR0N5 25.38 415,435 10,543,740.30
0.42 BAC BAC 4 3/4 PERP BN7SQB0 22.36 471,029 10,532,208.44
0.41 SYF SYF 8 1/4 PERP BSNWT01 25.61 407,842 10,444,833.62
0.41 DUK DUK 5 5/8 09/15/2078 BFNR2X9 25.15 410,207 10,316,295.84
0.41 QRTEV QRTEA 8 03/15/31 BMH2T16 40.90 250,069 10,227,822.10
0.40 STT STT 5.35 PERP BYPK477 24.98 407,606 10,181,997.88
0.40 AXS AXS 5 1/2 PERP BD2Z8N2 22.42 453,364 10,164,420.88
0.40 USB USB 6.58298 PERP B617Z40 871.50 11,649 10,152,103.50
0.40 RF RF 5.7 PERP BJMXZX7 24.97 405,058 10,114,298.26
0.40 ALL ALL 8.72798 01/15/53 B87XV26 25.77 392,473 10,114,029.21
0.39 BHF BHF 5 3/8 PERP BN0TD19 20.60 480,046 9,888,947.60
0.39 PSA PSA 4 5/8 PERP BLFGL51 22.10 442,920 9,788,532.00
0.39 MS MS 4 7/8 PERP BK6JGG8 23.60 410,797 9,694,809.20
0.38 USM USM 6 1/4 09/01/69 BMGR6C2 23.78 407,262 9,684,690.36
0.38 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 17.45 550,203 9,601,042.35
0.38 BTSG BTSG 6 3/4 02/01/27 BPDYYD4 57.70 163,878 9,455,760.60
0.37 FITB FITB 9.29621 PERP BH58353 25.66 366,994 9,417,066.04
0.37 USM USM 5 1/2 06/01/70 BNMBT60 22.49 410,665 9,235,855.85
0.37 USM USM 5 1/2 03/01/70 BN7J7C1 22.38 411,762 9,215,233.56
0.37 NYCB NYCB 6 3/8 PERP BYVLYP2 21.45 428,785 9,197,438.25
0.36 AMG AMG 6 3/4 03/30/64 BSLL7L7 25.89 352,748 9,132,645.72
0.36 PSA PSA 4 PERP BM91SN6 19.04 474,786 9,039,925.44
0.36 ATH ATH 4 7/8 PERP BMC8G63 20.04 447,398 8,965,811.18
0.35 SO SO 5 1/4 12/01/2077 BF0WD23 24.37 363,986 8,870,338.82
0.35 CTL CTL 6 3/4 06/15/57 BD2ZSL0 16.94 518,496 8,783,322.24
0.35 KEY KEY 5 5/8 PERP BJHDLJ0 23.52 369,486 8,690,310.72
0.34 ACGL ACGL 4.55 PERP BNYBNX3 20.49 421,143 8,629,220.07
0.34 BHF BHF 6.6 PERP BJ0M332 24.85 346,480 8,610,028.00
0.34 TPG TPG 6.95 03/15/64 BRC7MJ0 26.11 325,352 8,494,940.72
0.34 KKR KKR 4 5/8 04/01/61 BN2D5N5 20.30 416,380 8,452,514.00
0.34 CFG CFG 7 3/8 PERP BQGD2H5 27.19 310,635 8,446,165.65
0.33 PRU PRU 4 1/8 09/01/60 BLB2465 20.64 407,364 8,407,992.96
0.33 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 50.89 162,860 8,287,945.40
0.33 EIX EIX 5 PERP BDC3P68 20.54 400,349 8,222,567.94
0.33 BHF BHF 6 3/4 PERP BM9JJ93 25.04 327,779 8,207,586.16
0.32 HBAN HBAN 4 1/2 PERP BKPLQ32 19.78 411,742 8,144,256.76
0.32 RGA RGA 5 3/4 06/15/56 BYT3Q98 25.01 325,137 8,131,676.37
0.32 USB USB 4 1/2 PERP BMC7GV5 21.92 368,608 8,079,887.36
0.32 CFG CFG 5 PERP BK229B7 21.76 369,540 8,041,190.40
0.32 CG CG 4 5/8 05/15/61 BMHV4X0 19.88 404,233 8,036,152.04
0.32 KEY KEY 5.65 PERP BYWLBZ0 23.22 345,362 8,019,305.64
0.32 DTE DTE 5 1/4 12/01/2077 BF3L703 24.71 323,201 7,986,296.71
0.30 BHF BHF 6 1/4 09/15/58 BF5JWJ9 24.74 308,774 7,639,068.76
0.30 NTRS NTRS 4.7 PERP BKFVZR9 23.05 328,703 7,576,604.15
0.30 FG FG 7.95 12/15/53 BNKG9F6 26.63 280,830 7,478,502.90
0.30 TDS TDS 6 5/8 PERP BMDKP83 21.01 353,554 7,428,169.54
0.29 OTHER PAYABLE & RECEIVABLES 1.00 7,418,191 7,418,190.59
0.29 RNR RNR 4.2 PERP BKSDN56 18.23 403,162 7,349,643.26
0.29 PBI PBI 6.7 03/07/43 B9CDPW6 20.86 349,910 7,299,122.60
0.29 EIX EIX 6.95 PERP BSQL9V6 26.69 271,426 7,244,359.94
0.29 SNV SNV 8.397 PERP BKFHSG7 26.53 271,263 7,196,607.39
0.29 HIG HIG 6 PERP BF5J7D8 25.30 284,072 7,187,021.60
0.28 AQNCN AQNCN 8.86372 07/01/2079 BFYWGC0 25.56 275,549 7,043,032.44
0.28 PSA PSA 4 PERP BMQ85K6 19.54 357,264 6,980,938.56
0.28 COF COF 4 1/4 PERP BMHJZD1 19.11 362,353 6,924,565.83
0.27 HBAN HBAN 6 7/8 PERP BQMS207 25.69 267,629 6,875,389.01
0.27 BAC BAC 5.88773 PERP B1VN1F6 24.13 283,518 6,841,289.34
0.27 RLJ RLJ 1.95 PERP BF2N465 25.68 265,095 6,807,613.09
0.26 DLR DLR 5.2 PERP BKLXG10 23.38 284,072 6,641,603.36
0.26 FCNCA FCNCA 5 3/8 PERP BLHLTL6 23.69 279,876 6,630,262.44
0.26 PRU PRU 5.95 09/01/62 BQB5JR5 26.53 247,019 6,553,414.07
0.26 ESGR ESGR 7 PERP BFXXB52 20.05 324,761 6,511,458.05
0.25 EIX EIX 5.45 PERP BYQ69C4 24.93 254,651 6,348,984.20
0.25 RF RF 4.45 PERP BP2C5M5 19.14 325,112 6,222,643.68
0.25 VOYA VOYA 5.35 PERP BJGS497 25.46 242,980 6,186,270.80
0.24 UNM UNM 6 1/4 06/15/58 BFYF0S3 25.20 243,991 6,147,402.04
0.24 PSA PSA 5.05 PERP BF7PKX5 24.59 244,854 6,020,959.86
0.24 ATH ATH 5 5/8 PERP BKWG6L8 22.53 266,782 6,010,598.46
0.24 AHL AHL 4.85372 PERP B94QMV1 26.53 223,858 5,938,952.74
0.24 ACGL ACGL 5.45 PERP BF956G8 23.25 255,333 5,936,492.25
0.23 WRB WRB 5.1 12/30/59 BJBK4B0 22.94 255,244 5,855,297.36
0.23 AMG AMG 5 7/8 03/30/59 BJVJZF8 24.81 231,830 5,751,702.30
0.23 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 18.75 305,790 5,733,226.13
0.23 ASB ASB 6 5/8 03/01/33 BMX3XP5 24.61 231,121 5,688,465.61
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 24.59 230,341 5,664,085.19
0.22 EIX EIX 7.90989 PERP BK74GK6 25.15 223,812 5,628,871.80
0.22 PSA PSA 5.15 PERP BYZ2PF8 24.73 227,463 5,625,159.99
0.22 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 13.66 410,744 5,610,763.04
0.22 OZK OZK 4 5/8 PERP BNTYXM6 18.89 296,173 5,594,707.97
0.22 PSA PSA 5.6 PERP BGMHQB3 24.96 220,750 5,509,920.00
0.22 NRUC NRUC 5 1/2 05/15/64 BJBL059 25.23 214,408 5,409,513.84
0.21 ALL ALL 4 3/4 PERP BK727P2 23.06 233,894 5,393,595.64
0.21 SO SO 5 10/01/2077 BZ60HT6 24.16 221,692 5,356,078.72
0.21 BHF BHF 4 5/8 PERP BNRLZ01 18.15 292,491 5,308,711.65
0.21 AL AL 8.85825 PERP BJR4L26 25.17 205,940 5,183,509.80
0.21 NAVI NAVI 6 12/15/43 BDRW5R1 20.14 256,298 5,161,841.72
0.20 TCBI TCBI 5 3/4 PERP BMH40V9 20.77 243,491 5,056,090.62
0.20 BAC NEW YORK BAC 5.7297 PERP B1GH4Y3 24.45 204,945 5,010,925.74
0.20 PSA PSA 4.7 PERP BK72JQ7 22.60 221,444 5,004,722.98
0.20 EQH EQH 4.3 PERP BMF1DS0 19.49 256,483 4,998,853.67
0.19 WAL WAL 4 1/4 PERP BNZJSP3 19.94 245,116 4,887,613.04
0.19 KIM KIM 5 1/4 PERP BD0RST6 24.39 200,328 4,885,999.92
0.19 MTB MTB 5 5/8 PERP BPQT641 25.33 191,638 4,854,190.54
0.19 RNR RNR 5 3/4 PERP BFMZ665 24.22 199,944 4,842,643.68
0.19 VNO VNO 5.4 PERP B8K7RN8 18.77 257,674 4,836,540.98
0.19 HPP HPP 4 3/4 PERP BP38WQ5 14.00 343,909 4,814,726.00
0.19 SF SF 4 1/2 PERP BP38124 20.99 228,427 4,794,682.73
0.19 VNO VNO 5 1/4 PERP BF5LLD2 18.16 263,050 4,776,988.00
0.19 DTE DTE 4 3/8 12/01/2081 BNQNFS6 21.35 223,746 4,776,977.10
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 17.99 264,816 4,764,039.84
0.19 BIP BIP 5 1/8 PERP BPVC0M1 19.25 247,019 4,755,115.75
0.19 TVA TVA 2.134 06/01/28 2612674 22.84 204,844 4,678,636.96
0.18 GL GL 4 1/4 06/15/61 BKP8TS9 18.33 249,387 4,571,263.71
0.18 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 22.15 205,940 4,561,571.00
0.18 BAC BAC 5.9727 PERP B06H0T3 22.78 199,788 4,551,170.64
0.18 WAFD WAFD 4 7/8 PERP BMVN6G9 19.21 231,708 4,451,110.68
0.17 FITB FITB 4.95 PERP BKKBGL5 22.91 191,555 4,388,525.05
0.17 BC BC 6 3/8 04/15/49 BJT13Z2 24.92 175,525 4,374,083.00
0.17 PSA PSA 4 3/4 PERP BKSD8W8 22.58 193,148 4,360,528.56
0.17 SF SF 6 1/8 PERP BMDX0S7 25.29 171,742 4,343,355.18
0.17 AMG AMG 4 3/4 09/30/60 BN0VM18 20.60 209,089 4,307,233.40
0.17 PSA PSA 4.1 PERP BMX8DR2 19.97 215,531 4,304,154.07
0.17 SF SF 5.2 10/15/47 BD9FPT0 23.10 185,265 4,279,621.50
0.17 DLR DLR 5.85 PERP BJR2164 25.04 169,881 4,253,820.24
0.17 AHL AHL 5 5/8 PERP BKDJPD1 21.37 198,787 4,247,839.65
0.17 SLG SLG 6 1/2 PERP B89P3T1 23.93 177,426 4,245,804.18
0.16 WRB WRB 5.7 03/30/58 BFMXK34 24.94 159,980 3,989,901.20
0.16 GS GS 6.11444 PERP B0N0V47 24.06 162,688 3,914,273.28
0.15 SNV SNV 8.27189 PERP BG1FRQ0 25.10 150,764 3,784,176.40
0.15 FITB FITB 6 PERP BJGTMK7 25.07 150,387 3,770,202.09
0.15 FCNCA FCNCA 5 5/8 PERP BMQ7J12 24.37 151,178 3,684,207.86
0.14 BAC BAC 6.0727 PERP B0PR2S7 24.27 148,925 3,614,409.75
0.14 BPY BPY 6 3/8 PERP BK1KVK5 16.63 205,940 3,424,782.20
0.13 TFC TFC 5.73825 PERP BKMF2F1 23.87 140,991 3,365,300.08
0.13 BOH BOH 8 PERP BPBPCX5 26.59 123,287 3,277,893.11
0.12 BEPUCN BEPUCN 7 1/4 PERP BRBHMW4 25.64 121,530 3,116,029.20
0.12 BIP BIP 7 1/4 05/31/2084 BQGD0K4 25.25 116,739 2,947,659.75
0.12 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 23.49 123,510 2,901,249.90
0.11 ZION ZION 9.44825 PERP B8GFK37 26.71 102,570 2,739,644.70
0.11 TRTN TRTN 6 7/8 PERP BMTQTF0 24.59 110,906 2,727,178.54
0.10 BPY BPY 6 1/2 PERP BJHJQ37 17.57 148,069 2,601,572.33
0.10 PSA PSA 3.9 PERP BMW9C79 18.47 136,164 2,514,949.08
0.10 BC BC 6 5/8 01/15/49 BH42ZM7 25.00 100,285 2,506,944.49
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.95 94,781 2,459,566.95
0.10 EPR EPR 5 3/4 PERP B8MGH66 21.82 111,016 2,422,369.12
0.09 NYCB NYCB 6 11/01/51 2049603 38.83 56,369 2,188,808.27
0.08 OPI OPI 6 3/8 06/23/50 BK80YB0 14.24 133,445 1,900,256.80
-0.21 CASH 1.00 -5,226,542 -5,226,542.43
Holdings are subject to change. "Cash" denotes U.S. dollars.

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Divergence in U.S. Banks: Exploring Resilience in Global Systemically Important Banks (Part I)

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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.