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PFFD

U.S. Preferred ETF

Fund 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.

Fund 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.

Why 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.^

Monthly Distributions

PFFD makes distributions on a monthly basis.

^Expense ratio was 51.9% lower than the competitor average net expense ratio as of 7/15/20, per ETF.com (category: “Fixed Income: U.S. – Corporate, Preferred”)

Fund Details As of 8/4/20

Key Facts

Ticker PFFD
Inception Date 9/11/17
CUSIP 37954Y657
ISIN US37954Y6573
Bloomberg Index Ticker PLCR
Primary Exchange NYSE Arca
Number of Holdings 297

Stats & Fees

Net Assets $665,191,931
NAV $24.64
Shares Outstanding 27,000,000
Gross Expense Ratio 0.24%
Net Expense Ratio * 0.23%

Distributions

30-Day SEC Yield 5.46%
Unsubsidized 30-Day SEC Yield ** N/A
12-Month Trailing Yield 5.66%
Distribution Yield 5.42%
Distribution Frequency Monthly
 Distribution Calendar

*Fee waivers are contractual and in effect until at least April 1, 2021.

**An unsubsidized yield of “N/A” represents a less than 0.01% fee waiver by the advisor.

Fund Documents

Fund Research

Fund Prices As of 8/4/20

NAV Price
Net Asset Value $24.64 Closing Price $24.61
Daily Change $0.04 0.15% Daily Change -$0.03 -0.12%

Performance History

Premium Discount Chart

Cumulative %

Data as of month-end (7/31/20)

 Fund NAV Closing Price Index
Year-to-Date 1.19% 1.15% 1.24%
1 Month 5.64% 5.18% 5.58%
3 Months 5.88% 5.56% 5.84%
6 Months -0.44% -0.48% -0.44%
Since Inception 15.36% 15.84% 15.98%

Avg Annualized %

Data as of month-end (7/31/20)

 Fund NAV Closing Price Index
1 Year 4.89% 4.59% 4.99%
Since Inception 5.08% 5.23% 5.27%

Avg Annualized %

Data as of quarter-end (6/30/20)

 Fund NAV Closing Price Index
1 Year 1.31% 1.41% 1.46%
Since Inception 3.19% 3.50% 3.41%

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.

Top 10 Holdings

As of 8/4/20
Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.98 WFC WFC 7 1/2 PERP B3KRSW9 1,357.55 14,606 19,828,375.30
2.58 AVGO AVGO 8 09/30/22 BKTDW14 1,165.50 14,709 17,143,339.50
2.55 BAC BAC 7 1/4 PERP B2PB3Z7 1,494.00 11,330 16,927,020.00
1.42 ALLY ALLY 6.17738 02/15/40 B4066X0 24.23 390,575 9,463,632.25
1.35 C C 6.63825 10/30/40 B3Z1BZ0 27.10 331,968 8,996,332.80
1.35 NEE NEE 5.279 03/01/23 BKPX575 48.92 183,146 8,959,190.97
1.30 DHR DHR 4 3/4 04/15/22 BJRJK13 1,427.75 6,035 8,616,471.25
1.15 JPM JPM 6 PERP BJ2KBT6 28.10 270,981 7,614,566.10
1.10 WFC WFC 4 3/4 PERP BJVB6B7 24.71 294,551 7,278,355.21
1.03 JPM JPM 5 3/4 PERP BFY34D0 27.55 248,172 6,837,138.60
Holdings are subject to change.

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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns 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 BofA Merrill Lynch, nor does BofA Merrill Lynch 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 BofA Merrill Lynch. (BofA Merrill Lynch indexes are “as is”. BofA Merrill Lynch makes no representations or warranties and disclaims all liability arising from the BofA Merrill Lynch indexes or their use.)