PFFD


U.S. Preferred ETF

Morningstar Rating™ - Overall rating out of 60 Preferred Stock funds, based on risk-adjusted returns as of 09/30/2021

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 makes distributions on a monthly basis.

1Expense ratio was 51.2% lower than the competitor average net expense ratio as of 10/1/21, per ETF.com (category: “Fixed Income: U.S. – Corporate, Preferred”)

Key Information As of 10/21/21

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.45 billion
NAV $25.86
Fact Sheet

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 BofAML Diversified Core U.S. Preferred Securities Index.

Trading Details As of 10/21/21

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 94,870,000
Number of Holdings 253
30-Day Median Bid-Ask Spread 0.04%

Distributions As of 10/21/21

30-Day SEC Yield 4.83%
12-Month Trailing Yield 5.19%
Distribution Yield 4.96%
Distribution Frequency Monthly

ETF Prices As of 10/21/21

NAV $25.86 Daily Change $0.00 0.01%
Market Price $25.89 Daily Change -$0.01 -0.04%

Performance History

As of recent month & quarter-end (09/30/21)
As of recent month & quarter-end (09/30/21)
Fund NAV Market Price Index
1 Year 9.78% 9.42% 10.01%
3 Years 7.92% 7.89% 8.16%
Since Inception 6.31% 6.42% 6.53%
1 Year 9.78% 9.42% 10.01%
3 Years 7.92% 7.89% 8.16%
Since Inception 6.31% 6.42% 6.53%
Year-to-Date 3.26% 3.30% 3.58%
1 Month -0.61% -0.68% -0.57%
3 Months -0.24% -0.31% -0.08%
Since Inception 28.14% 28.70% 29.25%
Year-to-Date 3.26% 3.30% 3.58%
1 Month -0.61% -0.68% -0.57%
3 Months -0.24% -0.31% -0.08%
Since Inception 28.14% 28.70% 29.25%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 10/21/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.47 WFC WFC 7 1/2 PERP B3KRSW9 1,489.94 57,122 85,108,352.68
2.60 BAC BAC 7 1/4 PERP B2PB3Z7 1,438.48 44,343 63,786,518.64
1.66 DHR DHR 5 04/15/23 BMVWZV4 1,650.85 24,727 40,820,556.13
1.56 NEE NEE 5.279 03/01/23 BKPX575 53.44 716,839 38,307,876.16
1.49 CASH 1.00 36,485,239 36,485,239.19
1.46 C C 6.4985 10/30/40 B3Z1BZ0 27.74 1,287,754 35,722,295.96
1.27 APTV APTV 5 1/2 06/15/23 BMHMX69 190.01 164,461 31,249,234.61
1.25 NEE NEE 6.219 09/01/23 BMGX880 53.71 572,438 30,745,644.98
1.24 KKR KKR 6 09/15/23 BMH17T7 92.57 328,665 30,424,519.05
1.22 WFC WFC 4 3/4 PERP BJVB6B7 25.99 1,152,096 29,942,975.04
1.20 JPM JPM 6 PERP BJ2KBT6 27.88 1,058,898 29,522,076.24
1.14 JPM JPM 4 5/8 PERP BND7XB0 26.46 1,058,423 28,005,872.58
1.09 JPM JPM 5 3/4 PERP BFY34D0 27.56 969,806 26,727,853.36
1.08 WFC WFC 5.85 PERP BCD53N9 26.91 986,447 26,545,288.77
1.06 T T 4 3/4 PERP BLL1ZY7 25.90 1,000,636 25,916,472.40
1.05 PCG PCG 5 1/2 08/16/23 BMG7600 112.90 228,258 25,770,328.20
0.98 C C 6 7/8 PERP BG05028 28.20 853,803 24,077,244.60
0.93 BDX BDX 6 06/01/23 BL6D429 53.45 428,138 22,883,976.10
0.93 COF COF 5 PERP BGMJPW3 26.68 856,113 22,841,094.84
0.91 JPM JPM 4.55 PERP BM8TGF9 26.19 855,983 22,418,194.77
0.88 BAC BAC 5 3/8 PERP BJN6RX9 27.04 797,102 21,553,638.08
0.85 BAC BAC 6 PERP BFZNM46 26.98 769,658 20,765,372.84
0.84 BAC BAC 5 PERP BKVJXF1 26.80 766,564 20,543,915.20
0.83 T T 5.35 11/01/66 BF545Q2 26.29 773,778 20,342,623.62
0.82 QRTEV QURATE RETAIL INC-PFD BMH2T16 109.51 182,875 20,026,641.25
0.81 GS GS 4 PERP B15CKS5 25.19 790,004 19,900,200.76
0.79 COF COF 4.8 PERP BK9PWX2 26.35 731,722 19,280,874.70
0.78 DTE DTE 6 1/4 11/01/22 BKFW237 50.42 380,556 19,187,633.52
0.77 T T 5 PERP BKPK060 26.82 702,560 18,842,659.20
0.75 ALL ALL 5.1 PERP BKDKS91 27.36 673,431 18,425,072.16
0.73 WFC WFC 4.7 PERP BMYVT83 26.16 685,241 17,925,904.56
0.72 BSX BSX 5 1/2 06/01/23 BMH5QL4 119.51 147,321 17,606,332.71
0.71 MS MS 5.85 PERP BYYYY81 29.60 585,896 17,342,521.60
0.68 MS MS 6 3/8 PERP BQT2G00 28.46 586,086 16,680,007.56
0.67 BAC BAC 4 3/8 PERP BMVXBP3 25.45 644,599 16,405,044.55
0.66 DUK DUK 5 3/4 PERP BJXH6L3 27.77 586,234 16,279,659.56
0.65 MS MS 4 PERP B1802M4 24.82 644,842 16,004,978.44
0.65 BAC BAC 6.45 12/15/66 BF2PL60 26.00 615,460 16,001,960.00
0.65 GS GS 5 1/2 PERP B96KM33 27.22 586,342 15,960,229.24
0.64 MET MET 4 3/4 PERP BL3BQ19 26.88 586,402 15,762,485.76
0.64 SO SO 4.95 01/30/80 BKM3QB9 26.75 586,436 15,687,163.00
0.64 C C 7 1/8 PERP BDX8YP4 28.06 557,075 15,631,524.50
0.63 WFC WFC 4 3/8 PERP BL5C513 25.26 615,745 15,553,718.70
0.61 ATH ATH 6.35 PERP BK1MHD6 29.79 505,911 15,070,279.23
0.60 AES AES 6 7/8 02/15/24 BMWFLV4 100.44 147,401 14,804,956.44
0.60 CTL CTL 6 1/2 09/01/56 BZ4C835 25.65 573,456 14,709,146.40
0.60 AEGON AEGON 5.1 12/15/49 BK59DD5 27.03 542,820 14,672,424.60
0.59 USB USB 3 1/2 PERP B125QN4 24.62 586,881 14,446,075.82
0.59 TFC TFC 4 3/4 PERP BLD4B13 26.58 542,795 14,427,491.10
0.59 MS MS 7 1/8 PERP BF4YJ94 28.45 506,087 14,398,175.15
0.57 MS MS 6 7/8 PERP BH5QGM5 28.18 498,979 14,061,228.22
0.57 WFC WFC 6 5/8 PERP BH7Y8S7 28.20 493,138 13,906,491.60
0.57 JPM JPM 4 3/4 PERP BK57WX2 26.31 528,395 13,902,072.45
0.55 NI NI 7 3/4 03/01/24 BM9V1B5 107.18 126,631 13,572,310.58
0.55 BAC BAC 5 7/8 PERP BYVQZ09 26.99 501,456 13,534,297.44
0.55 BAC BAC 4 1/8 PERP BN4Q1G7 25.05 537,222 13,457,411.10
0.53 T T 5 5/8 08/01/67 BDDJDF0 26.99 484,629 13,080,136.71
0.53 F F 6 12/01/59 BJP1KW2 27.56 470,197 12,958,629.32
0.52 AEP AEP 6 1/8 08/15/23 BMH1V51 51.53 249,808 12,872,606.24
0.52 MET MET 5 5/8 PERP BG43LW5 27.12 473,016 12,828,193.92
0.51 STT STT 5.9 PERP BK4Z903 28.50 440,864 12,564,624.00
0.51 EQH EQH 5 1/4 PERP BKRMRC9 26.70 470,134 12,552,577.80
0.51 SRE SRE 5 3/4 07/01/79 BK8LV34 27.93 445,304 12,437,340.72
0.50 ET ET 7.6 PERP BNZGZ86 25.89 470,512 12,181,555.68
0.50 SWK SWK 5 1/4 11/15/22 BH07MK3 110.39 110,235 12,168,841.65
0.49 F F 6.2 06/01/59 BJ029D4 27.45 441,147 12,109,485.15
0.48 SYF SYF 5 5/8 PERP BK77YC3 26.92 441,183 11,874,440.45
0.48 GS GS 6 3/8 PERP BLTV2N7 28.63 411,824 11,790,521.12
0.47 NEE NEE 5.65 03/01/79 BH3JGK4 28.21 404,560 11,412,637.60
0.46 SCHW SCHW 5.95 PERP BYPFT55 25.71 441,421 11,348,933.91
0.46 SO SO 4.2 10/15/60 BMGS0L2 25.57 441,366 11,285,728.62
0.46 SBNY SBNY 5 PERP BN4GB67 26.05 429,607 11,191,262.35
0.45 USB USB 4 PERP BMFDGD2 25.00 441,481 11,037,025.00
0.45 FRC FRC 4 1/4 PERP BMH5WY9 25.01 439,941 11,002,924.41
0.43 GS GS 3 3/4 PERP B07GC93 24.91 425,003 10,586,824.73
0.43 WFC WFC 5 5/8 PERP BYQHXS1 26.03 406,366 10,577,706.98
0.42 ATH ATH 6 3/8 PERP BMG0ZK2 28.85 353,727 10,205,023.95
0.42 CTL CTL 6 3/4 06/15/57 BD2ZSL0 26.23 388,896 10,200,742.08
0.41 CMS CMS 5 7/8 03/01/79 BJJP666 27.34 371,316 10,151,779.44
0.41 COF COF 4 3/8 PERP BMX47S9 25.22 397,797 10,032,440.34
0.40 WCC WCC 10 5/8 PERP BLFBXS3 30.98 318,530 9,868,059.40
0.39 ENBCN ENBCN 6 3/8 04/15/78 BF5FN05 27.04 353,986 9,571,781.44
0.39 TFC TFC 5 1/4 PERP BMFYGG8 27.93 339,197 9,473,772.21
0.38 SCHW SCHW 4.45 PERP BMW32F9 26.27 354,177 9,304,229.79
0.38 VIAC VIAC 5 3/4 04/01/24 BMYLJW7 62.77 147,393 9,251,858.61
0.38 ALL ALL 5 5/8 PERP BD5F0W2 27.12 339,444 9,205,721.28
0.38 USB USB 5 1/2 PERP BDT6C58 27.11 339,378 9,200,537.58
0.37 PRU PRU 5 5/8 08/15/58 BG844G9 27.35 333,559 9,122,838.65
0.37 PSA PSA 4 PERP BM91SN6 25.29 356,443 9,014,443.47
0.37 PSA PSA 4 5/8 PERP BLFGL51 27.00 333,520 9,005,040.00
0.37 COF COF 5.2 PERP BD1RB41 25.29 354,356 8,961,663.24
0.37 KEY KEY 6 1/8 PERP BYQR0N5 30.31 295,206 8,947,693.86
0.36 NYCB NYCB 6 3/8 PERP BYVLYP2 29.32 304,238 8,918,736.97
0.36 MET MET 4 PERP B0B87W3 25.09 354,365 8,891,017.85
0.36 ATH ATH 4 7/8 PERP BMC8G63 25.95 339,587 8,812,282.65
0.36 BHF BHF 5 3/8 PERP BN0TD19 26.81 327,514 8,780,650.34
0.35 RF RF 5.7 PERP BJMXZX7 29.28 295,562 8,654,055.36
0.35 STT STT 5.35 PERP BYPK477 29.27 295,387 8,645,977.49
0.35 NEE NEE 5 1/4 06/01/76 BYSXXN2 25.55 336,872 8,607,079.60
0.35 IIVI IIVI 6 07/01/23 BMQ68M3 251.55 33,941 8,537,858.55
0.34 RF RF 6 3/8 PERP BLZHDQ9 28.49 295,545 8,420,136.16
0.34 ELAN ELAN 5 02/01/23 BL1NKG0 51.22 162,648 8,330,830.56
0.33 AXS AXS 5 1/2 PERP BD2Z8N2 25.17 325,153 8,184,101.01
0.33 AIG AIG 5.85 PERP BJM0FP0 27.12 295,722 8,019,980.64
0.32 USM USM 5 1/2 06/01/70 BNMBT60 26.26 295,822 7,768,285.72
0.32 NI NI 6 1/2 PERP BGYJZ76 27.96 277,821 7,767,875.16
0.31 USB USB 3 1/2 PERP B617Z40 952.50 8,075 7,691,437.50
0.31 KKR KKR 4 5/8 04/01/61 BN2D5N5 25.95 296,006 7,681,355.70
0.31 ACGL ACGL 4.55 PERP BNYBNX3 25.92 295,951 7,671,049.92
0.31 CG CG 4 5/8 05/15/61 BMHV4X0 25.86 296,093 7,656,964.98
0.31 DUK DUK 5 5/8 09/15/78 BFNR2X9 27.45 277,441 7,615,755.45
0.31 USM USM 6 1/4 09/01/69 BMGR6C2 27.00 277,494 7,492,338.00
0.30 ALL ALL 5.1 01/15/53 B87XV26 26.79 277,968 7,446,373.56
0.30 MS MS 4 7/8 PERP BK6JGG8 26.76 277,463 7,424,909.88
0.30 USM USM 5 1/2 03/01/70 BN7J7C1 26.31 277,678 7,305,708.18
0.30 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 26.20 277,757 7,277,233.40
0.29 PRU PRU 4 1/8 09/01/60 BLB2465 25.80 277,659 7,163,602.20
0.29 FITB FITB 6 5/8 PERP BH58353 28.32 249,714 7,071,900.48
0.29 HBAN HBAN 4 1/2 PERP BKPLQ32 25.35 277,603 7,037,236.05
0.29 COF COF 6 PERP BD06CY6 25.34 277,714 7,037,189.45
0.28 SABR SABR 6 1/2 09/01/23 BMW4RS0 149.03 46,645 6,951,504.35
0.28 FRC FRC 4 1/8 PERP BN78F13 24.95 277,736 6,929,513.20
0.28 KEY KEY 5 5/8 PERP BJHDLJ0 27.19 249,815 6,792,469.85
0.27 USB USB 3 3/4 PERP BMFV904 24.12 277,875 6,702,345.00
0.27 CFG CFG 5 PERP BK229B7 26.50 250,058 6,626,537.00
0.27 SO SO 5 1/4 12/01/77 BF0WD23 26.41 250,012 6,602,816.92
0.27 EIX EIX 5 PERP BDC3P68 25.04 263,602 6,600,594.08
0.27 ESGR ESGR 7 PERP BFXXB52 29.24 222,157 6,495,870.68
0.26 BHF BHF 6.6 PERP BJ0M332 27.26 236,208 6,439,030.08
0.26 ET ET 7 3/8 PERP BNZGZ19 25.45 250,321 6,370,669.45
0.26 KEY KEY 5.65 PERP BYWLBZ0 26.85 237,028 6,364,201.80
0.26 RGA RGA 5 3/4 06/15/56 BYT3Q98 28.61 222,247 6,357,375.44
0.26 ETP 7 5/8 PERP BNZGZ31 25.60 248,076 6,350,745.60
0.26 BHF BHF 6 3/4 PERP BM9JJ93 28.32 223,588 6,332,012.16
0.25 TDS TDS 6 5/8 PERP BMDKP83 26.95 231,541 6,240,029.95
0.25 RF RF 4.45 PERP BP2C5M5 25.85 237,976 6,151,679.60
0.25 NTRS NTRS 4.7 PERP BKFVZR9 27.46 222,377 6,106,472.42
0.25 BAMACN BAMACN 4 5/8 10/16/80 BNHQ5L7 25.65 237,941 6,102,710.77
0.25 AEL AEL 5.95 PERP BL4Q3H8 27.35 222,334 6,080,834.90
0.24 BAC BAC 4 PERP B1VN1F6 25.49 234,469 5,976,614.81
0.24 PBI PBI 6.7 03/07/43 B9CDPW6 25.17 236,599 5,955,196.83
0.24 DTE DTE 5 1/4 12/01/77 BF3L703 26.12 222,556 5,813,162.72
0.24 FRC FRC 4.7 PERP BKBKSZ9 26.25 220,243 5,781,378.75
0.23 BHF BHF 6 1/4 09/15/58 BF5JWJ9 27.05 209,496 5,666,866.80
0.23 NSUS NSUS 6.86225 01/15/43 B8S0HY0 25.15 224,082 5,635,662.30
0.23 DLR DLR 5.2 PERP BKLXG10 27.38 205,748 5,633,380.24
0.22 SNV SNV 5 7/8 PERP BKFHSG7 27.20 202,270 5,501,744.00
0.22 AQNCN 6.2 07/01/79 PFD BFYWGC0 28.04 194,891 5,464,743.64
0.22 SIVB SIVB 5 1/4 PERP BKTQ1Y9 26.81 202,368 5,425,486.08
0.22 HIG HIG 6 PERP BF5J7D8 28.07 192,529 5,404,289.03
0.22 FCNCA FCNCA 5 3/8 PERP BLHLTL6 27.66 192,718 5,330,579.88
0.21 PSB PSB 4 7/8 PERP BKRKN47 27.09 194,086 5,257,789.74
0.21 ATH ATH 5 5/8 PERP BKWG6L8 27.24 192,722 5,249,747.28
0.21 RLJ RLJ 1.95 PERP BF2N465 29.00 180,303 5,228,787.00
0.21 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 24.99 208,890 5,220,161.10
0.21 GL GL 4 1/4 06/15/61 BKP8TS9 25.94 194,496 5,045,226.24
0.20 PSA PSA 4 7/8 PERP BK598B8 27.06 183,517 4,965,970.02
0.20 VOYA VOYA 5.35 PERP BJGS497 29.59 167,605 4,959,431.95
0.20 AEL AEL 6 5/8 PERP BMTD3B5 28.30 174,629 4,942,000.70
0.20 PSA PSA 4.9 PERP BYW9GN7 25.26 195,527 4,939,012.02
0.20 VNO VNO 5 1/4 PERP BF5LLD2 26.56 185,719 4,932,696.64
0.20 ALL ALL 4 3/4 PERP BK727P2 27.38 179,516 4,915,148.08
0.20 APO APO 6 3/8 PERP BKRLVK2 27.19 179,594 4,883,160.86
0.20 BAC NEW YORK BAC 4 PERP B1GH4Y3 25.45 190,009 4,835,729.05
0.20 SJI SJI 8 3/4 04/01/24 BLF8B46 51.21 94,051 4,816,351.71
0.20 PRUFIN PRUFIN 6 1/2 PERP B0G4027 26.74 179,749 4,806,488.26
0.20 ACGL ACGL 5.45 PERP BF956G8 26.00 184,422 4,794,972.00
0.19 PSA PSA 5.6 PERP BGMHQB3 27.80 170,725 4,746,155.00
0.19 DHC DHC 5 5/8 08/01/42 BKRTG67 24.25 195,519 4,741,335.75
0.19 WTFC WTFC 6 7/8 PERP BMTCNN4 28.25 167,265 4,725,236.25
0.19 CFG CFG 6.35 PERP BGPFT82 27.72 167,463 4,642,760.96
0.19 UNM UNM 6 1/4 06/15/58 BFYF0S3 27.34 167,909 4,590,632.06
0.19 AMG AMG 5 7/8 03/30/59 BJVJZF8 27.37 167,546 4,585,734.02
0.19 PSA PSA 5.05 PERP BF7PKX5 26.16 174,963 4,577,032.08
0.19 EIX EIX 5 3/8 PERP BYX6KN5 25.06 182,151 4,564,704.06
0.18 VNO VNO 5 1/4 PERP BMWB4M4 26.93 167,888 4,521,223.84
0.18 WRB WRB 5.1 12/30/59 BJBK4B0 26.78 167,901 4,496,623.84
0.18 VNO VNO 5.4 PERP B8K7RN8 25.56 175,103 4,475,632.68
0.18 WAFD WAFD 4 7/8 PERP BMVN6G9 26.60 167,700 4,460,820.00
0.18 AQNCN AQNCN 6 7/8 10/17/78 BG0V242 27.57 161,675 4,457,557.59
0.18 TCBI TCBI 5 3/4 PERP BMH40V9 26.40 167,560 4,423,584.00
0.18 CMS CMS 5 7/8 10/15/78 BFXBC20 26.81 163,449 4,382,067.69
0.18 EIX EIX 5.45 PERP BYQ69C4 25.85 168,117 4,345,034.30
0.17 NAVI NAVI 6 12/15/43 BDRW5R1 25.42 168,125 4,273,737.50
0.17 EQH EQH 4.3 PERP BMF1DS0 25.18 167,959 4,229,207.62
0.17 AHL AHL 5.95 PERP B94QMV1 27.32 154,297 4,214,962.01
0.17 SO SO 5 10/01/77 BZ60HT6 26.36 158,286 4,172,418.96
0.17 EIX EIX 5 3/4 PERP BK74GK6 25.85 161,198 4,166,968.30
0.17 AMG AMG 4 3/4 09/30/60 BN0VM18 25.78 161,028 4,150,625.52
0.17 BPY BPY 5 3/4 PERP BLK7825 24.49 168,522 4,127,103.78
0.17 KIM KIM 5 1/4 PERP BD0RST6 26.24 155,066 4,068,931.84
0.17 WRB WRB 4 1/4 09/30/60 BN0W233 26.93 150,550 4,054,311.50
0.17 PSA PSA 5.15 PERP BYZ2PF8 25.74 156,924 4,039,223.76
0.16 TVA TVA 2.134 06/01/28 2612674 26.13 153,914 4,021,772.82
0.16 APO APO 6 3/8 PERP BKRLVJ1 26.02 154,435 4,018,398.70
0.16 PBCT PBCT 5 5/8 PERP BYX8VH2 28.50 140,228 3,996,498.00
0.16 DTE DTE 6 12/15/76 BDDN1W5 25.41 156,964 3,988,282.58
0.16 RNR RNR 5 3/4 PERP BFMZ665 26.83 147,150 3,948,034.50
0.16 NRUC NRUC 5 1/2 05/15/64 BJBL059 27.97 140,409 3,926,635.97
0.16 BPY BPY 6 3/8 PERP BK1KVK5 25.90 151,406 3,921,415.40
0.16 AHL AHL 5 5/8 PERP BKDJPD1 26.57 147,132 3,909,473.80
0.16 BIP BIP 5 05/24/81 BNC42V5 25.91 150,768 3,906,398.88
0.16 AHL AHL 5 5/8 PERP BD915N2 27.71 140,369 3,889,624.99
0.16 FITB FITB 4.95 PERP BKKBGL5 26.39 147,063 3,880,992.57
0.16 BAC BAC 3 PERP B06H0T3 23.82 162,462 3,869,844.84
0.16 ETR ETR 4 7/8 09/01/66 BD0S963 25.38 152,000 3,857,760.00
0.16 SR SR 5.9 PERP BJV8KN8 27.42 140,304 3,847,311.06
0.16 PSA PSA 3 7/8 PERP BLFKCL6 25.38 151,155 3,836,313.90
0.15 OAK OAK 6.55 PERP BG4SNK2 27.31 138,547 3,783,718.57
0.15 SF SF 6 1/8 PERP BMDX0S7 27.69 135,909 3,763,320.21
0.15 AL AL 6.15 PERP BJR4L26 26.79 140,381 3,760,470.08
0.15 PRUFIN PRUFIN 6 3/4 PERP B02FFZ2 26.55 140,414 3,728,132.11
0.15 ETR ETR 4.9 10/01/66 BD5NDN8 25.39 146,143 3,710,570.77
0.15 SO SO 5 PERP BF2FQN2 26.04 140,483 3,658,177.32
0.15 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 27.17 133,379 3,623,907.43
0.15 BC BC 6 3/8 04/15/49 BJT13Z2 27.93 129,096 3,605,483.46
0.15 PSA PSA 4 1/8 PERP BKPVDZ3 25.73 139,181 3,581,127.13
0.14 DLR DLR 5.85 PERP BJR2164 27.45 127,329 3,495,181.05
0.14 UGI UGI 7 1/4 06/01/24 BLCW7R6 103.21 33,326 3,439,576.46
0.14 SPNT SPNT 8 PERP BMB63G7 28.29 121,260 3,430,445.40
0.14 CMS CMS 4.2 PERP BLNB396 24.33 139,338 3,390,093.54
0.14 DHC DHC 6 1/4 02/01/46 BKRTG78 25.25 132,690 3,350,422.50
0.13 QVCN QVCN 6 3/8 09/13/67 BF5K8M7 26.23 124,461 3,264,612.03
0.13 BAC BAC 4 PERP B0PR2S7 25.51 127,857 3,261,632.07
0.13 DTE DTE 4 3/8 10/15/80 BMY4XS0 25.72 126,702 3,258,775.44
0.13 BAMACN BAMACN 4 1/2 PERP BLD4BQ8 25.33 126,973 3,216,226.09
0.13 EIX EIX 5.1 PERP B93SGN8 25.10 125,125 3,140,937.80
0.13 PRE PRE 4 7/8 PERP BN6JKG7 27.19 113,225 3,078,587.75
0.12 FULT FULT 5 1/8 PERP BN7NYQ6 26.11 111,205 2,903,562.55
0.12 BOH BOH 4 3/8 PERP BMD0HP4 25.98 110,202 2,863,047.96
0.12 BIP BIP 5 PERP BMT9V97 25.11 113,138 2,840,895.18
0.12 SIGI SIGI 4.6 PERP BNHP5W5 25.48 111,475 2,840,383.00
0.11 BPY BPY 6 1/2 PERP BJHJQ37 25.64 103,498 2,653,688.72
0.11 BIP BIP 5 1/8 PERP BL55WZ5 25.20 102,260 2,576,952.00
0.10 PSA PSA 3.9 PERP BMW9C79 25.83 95,890 2,476,838.70
0.10 PSB PSB 5.2 PERP BYM78Y6 25.10 96,384 2,419,527.55
0.10 FHN FHN 4.7 PERP BLB1GT9 25.74 92,648 2,384,296.28
0.10 DCP DCP 7 7/8 PERP BDT8TJ7 25.64 91,989 2,358,597.96
0.10 CFR CFR 4.45 PERP BNKVVC2 26.68 87,698 2,339,782.64
0.10 SITC SITC 6 3/8 PERP BGL0NT0 25.77 90,138 2,322,856.26
0.09 OPI OPI 6 3/8 06/23/50 BK80YB0 28.13 82,418 2,318,418.34
0.09 TRTN TRTN 8 PERP BJK4N72 27.75 81,000 2,247,458.40
0.09 NSUS NSUS 9 PERP BD1KJ79 25.48 87,923 2,239,882.39
0.09 EPR EPR 5 3/4 PERP B8MGH66 26.49 83,927 2,223,325.10
0.09 ARGO ARGO 7 PERP BMVZ8X6 27.55 76,939 2,119,669.45
0.09 TRTN TRTN 6 7/8 PERP BMTQTF0 26.95 77,895 2,099,270.25
0.08 EPR EPR 5 3/4 PERP BF0WJH0 25.50 76,902 1,961,008.69
0.07 FTAI FTAI 8 PERP BL4PTS8 25.70 69,333 1,781,858.10
0.07 DCP DCP 7.95 PERP BG0BNV6 25.24 69,711 1,759,505.64
0.07 COF COF 4 5/8 PERP BLNPMY6 26.15 63,817 1,668,495.47
0.06 RC RC 7 08/15/23 BDFS3K0 26.81 58,925 1,579,779.25
0.06 FTAI FTAI 8 1/4 PERP BMFPG16 26.57 52,867 1,404,676.19
0.05 FTAI FTAI 8 1/4 PERP BK5W914 26.49 48,468 1,283,917.32
0.05 BHR BHR 5 1/2 PERP BD8ZZ68 22.32 54,800 1,223,136.00
Holdings are subject to change.

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