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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 52.2% lower than the competitor average net expense ratio as of 4/1/24, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred”)

Key Information As of 04/24/24

Inception Date 09/11/17
Total Expense Ratio 0.23%
Net Assets $2.35 billion
NAV $19.59
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 04/23/24

Ticker PFFD
Bloomberg Index Ticker PLCR4PM
CUSIP 37954Y657
ISIN US37954Y6573
Primary Exchange NYSE Arca
Shares Outstanding 119,790,000
Number of Holdings 227
30-Day Median Bid-Ask Spread 0.05%
NAIC Designation Preliminary 3.B as of 03/31/23

Distributions As of 04/24/24

30-Day SEC Yield 6.24%
12-Month Trailing Yield 6.61%
Distribution Yield 6.52%
Distribution Frequency Monthly

ETF Prices As of 04/24/24

NAV $19.59 Daily Change -$0.02 -0.10%
Market Price $19.58 Daily Change -$0.01 -0.05%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
1 Year 8.33% 8.38% 8.60%
3 Years -1.85% -1.91% -1.72%
5 Years 2.16% 2.17% 2.35%
Since Inception 2.38% 2.46% 2.58%
1 Year 8.33% 8.38% 8.60%
3 Years -1.85% -1.91% -1.72%
5 Years 2.16% 2.17% 2.35%
Since Inception 2.38% 2.46% 2.58%
Year-to-Date 4.86% 5.02% 4.91%
1 Month 0.28% 0.42% 0.31%
3 Months 4.86% 5.02% 4.91%
Since Inception 16.70% 17.26% 18.14%
Year-to-Date 4.86% 5.02% 4.91%
1 Month 0.28% 0.42% 0.31%
3 Months 4.86% 5.02% 4.91%
Since Inception 16.70% 17.26% 18.14%

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 04/24/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.98 WFC WFC 7 1/2 PERP B3KRSW9 1,165.11 80,274 93,528,040.14
2.68 BAC BAC 7 1/4 PERP B2PB3Z7 1,163.01 54,159 62,987,458.59
2.30 C C 11.949 10/30/40 B3Z1BZ0 29.78 1,817,135 54,114,280.30
1.61 JPM JPM 6 PERP BJ2KBT6 25.31 1,496,739 37,882,464.09
1.56 APO APO 6 3/4 07/31/26 BQVW6Z3 63.06 581,522 36,670,777.32
1.46 JPM JPM 5 3/4 PERP BFY34D0 24.97 1,372,369 34,268,053.93
1.44 WFC WFC 4 3/4 PERP BJVB6B7 20.75 1,628,210 33,785,357.50
1.39 NEE NEE 6.926 09/01/25 BQV3827 40.46 809,072 32,735,053.12
1.35 JPM JPM 4 5/8 PERP BND7XB0 21.20 1,496,739 31,730,866.80
1.33 JPM JPM 4.2 PERP BN75VC7 19.34 1,618,104 31,294,131.36
1.21 T T 4 3/4 PERP BLL1ZY7 20.05 1,415,837 28,387,531.85
1.07 JPM JPM 4.55 PERP BM8TGF9 20.77 1,213,569 25,205,828.13
1.05 T T 5.35 11/01/66 BF545Q2 22.96 1,069,963 24,566,350.48
1.04 GS GS 6.23296 PERP B15CKS5 22.40 1,092,198 24,465,235.20
1.02 BAC BAC 6 PERP BFZNM46 25.33 947,297 23,995,033.01
1.02 COF COF 5 PERP BGMJPW3 19.76 1,213,569 23,980,123.44
0.96 BAC BAC 5 3/8 PERP BJN6RX9 23.29 969,812 22,586,921.48
0.90 T T 5 PERP BKPK060 21.58 982,465 21,201,594.70
0.89 MS MS 6 1/2 PERP BQH5ZL5 25.59 818,829 20,953,834.11
0.89 ALL ALL 5.1 PERP BKDKS91 22.22 941,693 20,924,418.46
0.88 MS MS 6 3/8 PERP BQT2G00 25.14 818,829 20,585,361.06
0.87 DUK DUK 5 3/4 PERP BJXH6L3 24.95 818,829 20,429,783.55
0.87 MS MS 4 1/4 PERP BMF4W82 19.10 1,064,569 20,333,267.90
0.85 BAC BAC 5 PERP BKVJXF1 21.97 913,043 20,059,554.71
0.85 MS MS 6.29017 PERP B1802M4 22.23 900,636 20,021,138.28
0.85 MS MS 5.85 PERP BYYYY81 24.43 818,829 20,003,992.47
0.84 WFC WFC 4.7 PERP BMYVT83 20.69 957,900 19,818,951.00
0.82 COF COF 4.8 PERP BK9PWX2 18.89 1,023,500 19,333,915.00
0.82 WFC WFC 4 1/4 PERP BP91X65 18.86 1,023,500 19,303,210.00
0.80 BAC BAC 6.45 12/15/66 BF2PL60 25.38 736,886 18,702,166.68
0.78 SO SO 4.95 01/30/2080 BKM3QB9 22.47 818,829 18,399,087.63
0.76 MS MS 7 1/8 PERP BF4YJ94 25.34 706,116 17,892,979.44
0.75 MS MS 6 7/8 PERP BH5QGM5 25.28 695,926 17,593,009.28
0.73 MET MET 4 3/4 PERP BL3BQ19 21.03 818,829 17,219,973.87
0.73 BAC BAC 4 1/4 PERP BMH4QB1 18.86 910,028 17,163,128.08
0.71 WFC WFC 4 3/8 PERP BL5C513 19.44 859,859 16,715,658.96
0.71 ATH ATH 6.35 PERP BPSKDY1 23.50 706,116 16,593,726.00
0.70 USB USB 6.19017 PERP B125QN4 20.09 818,829 16,450,274.61
0.70 T T 5 5/8 08/01/67 BDDJDF0 24.21 675,552 16,355,181.48
0.69 JPM JPM 4 3/4 PERP BK57WX2 21.88 736,983 16,125,188.04
0.69 AEGON AEGON 5.1 12/15/49 BK59DD5 21.51 748,357 16,097,159.07
0.67 MET MET 5 5/8 PERP BG43LW5 23.89 659,066 15,745,086.74
0.67 F F 6 12/01/59 BJP1KW2 24.01 655,159 15,730,367.59
0.66 TFC TFC 4 3/4 PERP BLD4B13 20.37 757,358 15,427,382.46
0.66 SCHW SCHW 5.95 PERP BYPFT55 25.07 614,119 15,395,963.33
0.64 SRE SRE 5 3/4 07/01/2079 BK8LV34 24.25 620,379 15,044,190.75
0.63 F F 6.2 06/01/59 BJ029D4 24.26 614,119 14,898,526.94
0.63 RGA RGA 7 1/8 10/15/52 BMG9SY4 25.97 573,045 14,881,978.65
0.63 BAC BAC 5 7/8 PERP BYVQZ09 24.82 597,270 14,824,241.40
0.62 BAC BAC 4 3/8 PERP BMVXBP3 19.44 754,188 14,661,414.72
0.61 EQH EQH 5 1/4 PERP BKRMRC9 21.88 655,159 14,334,878.92
0.59 NEE NEE 5.65 03/01/2079 BH3JGK4 24.59 562,855 13,840,604.45
0.59 GS GS 6.31296 PERP B07GC93 22.49 614,107 13,811,266.43
0.58 WFC WFC 5 5/8 PERP BYQHXS1 23.98 564,973 13,548,052.54
0.56 ALL ALL 7 3/8 PERP BNBXR41 26.78 491,255 13,155,808.90
0.54 APO APO 7 5/8 09/15/53 BQC5ZW1 26.63 479,137 12,759,418.31
0.53 QRTEV QRTEA 8 03/15/31 BMH2T16 47.75 259,864 12,408,506.00
0.53 CMS CMS 5 7/8 03/01/2079 BJJP666 24.59 502,871 12,365,597.89
0.51 F F 6 1/2 08/15/62 BPJK038 25.16 478,397 12,036,468.52
0.51 ATH ATH 6 3/8 PERP BMG0ZK2 24.97 478,610 11,950,891.70
0.51 SO SO 4.2 10/15/60 BMGS0L2 19.88 598,412 11,896,430.56
0.50 EIX EIX 7 1/2 PERP BLFB156 26.50 444,967 11,791,625.50
0.50 BAC BAC 4 1/8 PERP BN4Q1G7 18.33 640,397 11,738,477.01
0.49 MET MET 6.59088 PERP B0B87W3 24.17 478,371 11,562,227.07
0.49 JXN JXN 8 PERP BMW6VL7 26.17 438,621 11,478,711.57
0.49 WCC WCC 10 5/8 PERP BLFBXS3 26.57 429,223 11,404,455.11
0.47 PRU PRU 5 5/8 08/15/58 BG844G9 24.59 450,614 11,080,598.26
0.46 LNC LNC 9 PERP BP398R1 27.37 398,687 10,912,063.19
0.46 USB USB 5 1/2 PERP BDT6C58 23.75 458,360 10,886,050.00
0.46 SYF SYF 5 5/8 PERP BK77YC3 18.16 597,494 10,850,491.04
0.46 KEY KEY 6.2 PERP BPLPQT9 22.45 477,947 10,729,910.15
0.45 USB USB 4 PERP BMFDGD2 17.68 597,642 10,565,653.15
0.44 ATH ATH 7 3/4 PERP BPLKV33 26.23 398,402 10,450,084.46
0.44 TFC TFC 5 1/4 PERP BMFYGG8 22.77 458,050 10,429,798.50
0.44 ALL ALL 8.75517 01/15/53 B87XV26 25.90 398,201 10,313,405.90
0.43 BAC BAC 4 3/4 PERP BN7SQB0 21.12 481,794 10,175,489.28
0.43 USB USB 6.61017 PERP B617Z40 882.50 11,433 10,089,622.50
0.41 SCHW SCHW 4.45 PERP BMW32F9 20.31 477,410 9,696,197.10
0.41 GTLS GTLS 6 3/4 12/15/25 BNTBQN9 60.27 160,031 9,645,068.37
0.41 DUK DUK 5 5/8 09/15/2078 BFNR2X9 24.07 397,878 9,576,923.46
0.41 STT STT 5.35 PERP BYPK477 23.97 397,921 9,538,166.37
0.40 PSA PSA 4 5/8 PERP BLFGL51 20.82 449,814 9,365,127.48
0.40 AXS AXS 5 1/2 PERP BD2Z8N2 21.29 437,634 9,317,227.86
0.40 COF COF 4 3/8 PERP BMX47S9 17.34 536,522 9,303,291.48
0.39 KEY KEY 6 1/8 PERP BYQR0N5 23.16 397,381 9,203,343.96
0.39 FITB FITB 9.30177 PERP BH58353 25.31 357,701 9,053,412.31
0.38 MS MS 4 7/8 PERP BK6JGG8 22.36 397,579 8,889,866.44
0.38 RF RF 5.7 PERP BJMXZX7 22.16 397,397 8,806,317.52
0.37 PSA PSA 4 PERP BM91SN6 18.12 479,869 8,695,226.28
0.36 BHF BHF 5 3/8 PERP BN0TD19 18.75 456,802 8,565,037.50
0.36 TDS TDS 6 PERP BNSNM38 15.58 548,296 8,542,451.68
0.36 SO SO 5 1/4 12/01/2077 BF0WD23 23.46 357,506 8,387,090.76
0.35 ESGR ESGR 7 PERP BFXXB52 25.60 317,608 8,130,764.80
0.34 NSUS NSUS 12.3242 01/15/43 B8S0HY0 25.23 319,805 8,068,680.15
0.34 ATH ATH 4 7/8 PERP BMC8G63 17.64 456,525 8,053,101.00
0.34 RGA RGA 5 3/4 06/15/56 BYT3Q98 25.11 317,631 7,975,714.41
0.33 PRU PRU 4 1/8 09/01/60 BLB2465 19.76 396,733 7,839,444.08
0.33 BHF BHF 6.6 PERP BJ0M332 22.84 343,037 7,834,965.08
0.33 CTL CTL 6 1/2 09/01/56 BZ4C835 9.90 790,842 7,829,335.80
0.33 BPY BPY 6 1/4 07/26/2081 BMJ0KL5 14.41 542,944 7,823,823.04
0.33 ACGL ACGL 4.55 PERP BNYBNX3 19.68 396,932 7,811,621.76
0.33 NSUS NSUS 11.2342 PERP BF0XV77 25.48 305,552 7,785,464.96
0.33 BHF BHF 6 3/4 PERP BM9JJ93 23.80 324,879 7,732,120.20
0.33 USM USM 6 1/4 09/01/69 BMGR6C2 19.36 396,614 7,678,447.04
0.33 KKR KKR 4 5/8 04/01/61 BN2D5N5 19.32 396,621 7,662,717.72
0.32 KEY KEY 5 5/8 PERP BJHDLJ0 20.93 363,006 7,595,900.55
0.32 CG CG 4 5/8 05/15/61 BMHV4X0 18.84 397,007 7,479,611.88
0.32 DTE DTE 5 1/4 12/01/2077 BF3L703 23.54 317,435 7,472,419.90
0.32 EIX EIX 5 PERP BDC3P68 19.78 376,856 7,454,211.68
0.31 HBAN HBAN 4 1/2 PERP BKPLQ32 18.26 404,536 7,386,827.36
0.31 FG FG 7.95 12/15/53 BNKG9F6 26.06 279,104 7,273,450.24
0.31 CFG CFG 5 PERP BK229B7 19.85 363,060 7,206,741.00
0.31 USM USM 5 1/2 06/01/70 BNMBT60 17.82 403,439 7,189,282.98
0.31 USB USB 4 1/2 PERP BMC7GV5 19.80 362,854 7,184,509.20
0.31 USM USM 5 1/2 03/01/70 BN7J7C1 17.74 404,536 7,176,468.64
0.30 ETR ETR 4 7/8 09/01/66 BZC0L09 21.55 331,726 7,148,695.30
0.30 KEY KEY 5.65 PERP BYWLBZ0 20.83 343,088 7,146,523.04
0.30 HIG HIG 6 PERP BF5J7D8 25.12 279,104 7,011,092.48
0.30 RNR RNR 4.2 PERP BKSDN56 17.58 395,936 6,960,554.88
0.29 BHF BHF 6 1/4 09/15/58 BF5JWJ9 22.77 303,374 6,907,825.98
0.29 NTRS NTRS 4.7 PERP BKFVZR9 21.33 322,937 6,888,246.21
0.29 USB USB 3 3/4 PERP BMFV904 16.57 404,536 6,703,161.52
0.28 BAC BAC 6.07563 PERP B1VN1F6 22.25 298,887 6,650,235.75
0.28 HBAN HBAN 6 7/8 PERP BQMS207 24.88 262,943 6,542,021.84
0.28 NYCB NYCB 6 3/8 PERP BYVLYP2 15.88 409,799 6,507,608.12
0.27 RLJ RLJ 1.95 PERP BF2N465 24.50 260,461 6,381,294.50
0.27 PSA PSA 4 PERP BMQ85K6 17.96 351,000 6,303,960.00
0.27 EIX EIX 5 3/8 PERP BYX6KN5 23.31 270,379 6,302,534.49
0.27 TDS TDS 6 5/8 PERP BMDKP83 18.09 347,506 6,286,383.54
0.26 PRU PRU 5.95 09/01/62 BQB5JR5 25.32 242,699 6,145,138.68
0.26 WTFC WTFC 6 7/8 PERP BMTCNN4 24.97 242,863 6,064,289.11
0.26 COF COF 4 1/4 PERP BMHJZD1 16.91 356,284 6,024,762.44
0.26 DLR DLR 5.2 PERP BKLXG10 21.56 279,104 6,017,482.24
0.26 PSA PSA 5.6 PERP BGMHQB3 24.93 241,244 6,014,212.92
0.25 ACGL ACGL 5.45 PERP BF956G8 22.82 260,810 5,951,684.20
0.25 VOYA VOYA 5.35 PERP BJGS497 24.50 242,699 5,946,125.50
0.25 PSA PSA 4 7/8 PERP BK598B8 22.20 267,561 5,939,854.20
0.25 FCNCA FCNCA 5 3/8 PERP BLHLTL6 21.19 279,104 5,914,213.76
0.25 AHL AHL 9.62352 PERP B94QMV1 25.51 228,515 5,829,417.65
0.25 UNM UNM 6 1/4 06/15/58 BFYF0S3 24.60 236,843 5,826,337.80
0.25 EIX EIX 5.45 PERP BYQ69C4 24.52 236,743 5,804,938.36
0.25 ATH ATH 5 5/8 PERP BKWG6L8 20.73 279,104 5,785,825.92
0.25 PBI PBI 6.7 03/07/43 B9CDPW6 16.77 343,861 5,766,548.97
0.24 RF RF 4.45 PERP BP2C5M5 17.75 323,618 5,744,219.50
0.24 BNCN BNCN 4 5/8 10/16/2080 BNHQ5L7 17.19 331,033 5,688,802.11
0.24 AMG AMG 5 7/8 03/30/59 BJVJZF8 22.62 251,470 5,688,251.40
0.24 PSA PSA 5.05 PERP BF7PKX5 23.34 242,699 5,664,594.66
0.24 EIX EIX 8.58088 PERP BK74GK6 25.05 222,511 5,573,900.55
0.24 CTL CTL 6 3/4 06/15/57 BD2ZSL0 10.00 556,896 5,568,960.00
0.23 PSA PSA 5.15 PERP BYZ2PF8 23.22 234,763 5,451,196.86
0.23 ASB ASB 6 5/8 03/01/33 BMX3XP5 22.26 244,548 5,443,638.48
0.23 ALL ALL 4 3/4 PERP BK727P2 21.48 251,461 5,400,150.12
0.23 CMS CMS 5 7/8 10/15/2078 BFXBC20 24.31 220,618 5,363,223.58
0.23 BAC NEW YORK BAC 5.9186 PERP B1GH4Y3 23.65 223,236 5,279,531.40
0.22 NRUC NRUC 5 1/2 05/15/64 BJBL059 24.96 210,736 5,259,970.56
0.22 WRB WRB 5.1 12/30/59 BJBK4B0 21.64 236,524 5,119,372.76
0.22 AL AL 9.24088 PERP BJR4L26 25.27 202,268 5,110,341.47
0.21 KIM KIM 5 1/4 PERP BD0RST6 22.79 220,502 5,025,240.58
0.21 SR SR 5.9 PERP BJV8KN8 24.06 205,726 4,949,767.56
0.21 QVCN QVCN 6 1/4 11/26/68 BKVHZH1 12.55 391,967 4,919,185.85
0.21 ETR ETR 4 7/8 09/01/66 BD0S963 21.66 226,567 4,907,441.22
0.21 OZK OZK 4 5/8 PERP BNTYXM6 16.71 291,204 4,866,018.84
0.21 HPP HPP 4 3/4 PERP BP38WQ5 14.12 343,861 4,855,317.32
0.21 TCBI TCBI 5 3/4 PERP BMH40V9 19.18 252,978 4,852,118.04
0.21 MTB MTB 5 5/8 PERP BPQT641 22.97 209,609 4,814,718.73
0.20 ETR ETR 4.9 10/01/66 BD5NDN8 22.04 216,813 4,778,558.52
0.20 BAC BAC 6.24942 PERP B06H0T3 21.49 219,665 4,720,600.85
0.20 WRB WRB 4 1/8 03/30/61 BNKBJW8 18.57 252,906 4,696,464.42
0.20 NSUS NSUS 12.3572 PERP BYVQFR6 25.50 183,233 4,672,441.50
0.20 BHF BHF 4 5/8 PERP BNRLZ01 15.80 294,960 4,660,368.00
0.20 NAVI NAVI 6 12/15/43 BDRW5R1 19.54 235,867 4,608,841.18
0.20 FITB FITB 4.95 PERP BKKBGL5 22.03 208,185 4,586,315.55
0.19 RNR RNR 5 3/4 PERP BFMZ665 23.30 196,272 4,573,137.60
0.19 SF SF 6 1/8 PERP BMDX0S7 24.15 187,193 4,520,710.95
0.19 BC BC 6 3/8 04/15/49 BJT13Z2 24.29 186,106 4,520,514.74
0.19 BEPUCN BEPUCN 4 5/8 PERP BLFF1H0 15.74 283,186 4,455,931.71
0.19 TVA TVA 2.134 06/01/28 2612674 21.97 201,172 4,419,748.84
0.19 DTE DTE 4 3/8 12/01/2081 BNQNFS6 20.07 219,642 4,408,214.94
0.19 BIP BIP 5 1/8 PERP BPVC0M1 17.96 242,699 4,358,874.04
0.18 WAL WAL 4 1/4 PERP BNZJSP3 17.79 240,796 4,283,760.84
0.18 AIZ AIZ 5 1/4 01/15/61 BLD4BS0 21.03 202,268 4,253,696.04
0.18 SF SF 4 1/2 PERP BP38124 17.50 241,848 4,232,340.00
0.18 EQH EQH 4.3 PERP BMF1DS0 17.89 236,256 4,226,619.84
0.18 PSA PSA 4.7 PERP BK72JQ7 20.83 202,521 4,218,512.43
0.18 SLG SLG 6 1/2 PERP B89P3T1 22.30 188,618 4,206,181.40
0.17 AMG AMG 4 3/4 09/30/60 BN0VM18 18.88 214,807 4,055,556.16
0.17 SNV SNV 8.93716 PERP BG1FRQ0 25.01 160,598 4,016,555.98
0.17 SPNT SPNT 8 PERP BMB63G7 25.30 158,405 4,007,646.50
0.17 SF SF 5.2 10/15/47 BD9FPT0 21.84 182,025 3,975,644.43
0.17 DHC DHC 5 5/8 08/01/42 BKRTG67 13.41 294,978 3,955,654.98
0.17 OTHER PAYABLE & RECEIVABLES 1.00 3,932,260 3,932,260.17
0.17 VNO VNO 5 1/4 PERP BF5LLD2 15.16 258,513 3,919,057.08
0.16 KIM KIM 5 1/8 PERP BF47T71 22.02 175,141 3,856,604.82
0.16 AHL AHL 5 5/8 PERP BKDJPD1 19.64 195,115 3,832,058.60
0.16 CMS CMS 4.2 PERP BLNB396 19.19 198,804 3,815,525.89
0.16 WAFD WAFD 4 7/8 PERP BMVN6G9 15.81 241,254 3,814,225.74
0.16 PSA PSA 4 3/4 PERP BKSD8W8 21.10 179,422 3,785,804.20
0.16 SLM SLM 7.29088 PERP B0B87Z6 75.79 49,222 3,730,535.38
0.16 TVA TVA 2.216 05/01/29 2520249 21.70 171,587 3,723,437.90
0.16 FITB FITB 6 PERP BJGTMK7 23.67 156,951 3,715,030.17
0.16 VNO VNO 5.4 PERP B8K7RN8 15.56 233,797 3,637,881.32
0.15 PSA PSA 4.1 PERP BMX8DR2 18.30 194,650 3,562,095.00
0.15 WRB WRB 5.7 03/30/58 BFMXK34 23.77 149,662 3,557,465.74
0.15 FCNCA FCNCA 5 5/8 PERP BMQ7J12 21.99 157,173 3,456,234.27
0.15 NSUS NSUS 12.4709 PERP BD1KJ79 25.51 135,311 3,451,783.61
0.14 BEPUCN BEPUCN 4 7/8 PERP BMV7W07 16.51 203,927 3,366,834.77
0.14 HBAN 5.7 PERP BMHH2W3 21.64 152,120 3,291,876.80
0.14 AFG AFG 4 1/2 09/15/60 BN76JV5 18.89 172,760 3,263,436.40
0.14 PRE PRE 4 7/8 PERP BN6JKG7 19.76 161,836 3,197,879.36
0.13 BAC BAC 6.34942 PERP B0PR2S7 22.64 138,755 3,141,413.20
0.13 SITC SITC 6 3/8 PERP BGL0NT0 21.95 137,371 3,014,716.49
0.13 FHN FHN 6 1/2 PERP BMH5VC0 23.85 126,332 3,013,018.20
0.12 TRTN TRTN 8 PERP BJK4N72 25.10 112,778 2,830,727.80
0.12 BPY BPY 5 3/4 PERP BLK7825 12.53 225,240 2,822,257.20
0.12 ZION ZION 9.83088 PERP B8GFK37 25.47 109,580 2,791,002.60
0.12 BPY BPY 6 3/8 PERP BK1KVK5 13.61 202,268 2,752,867.48
0.12 TRTN TRTN 6 7/8 PERP BMTQTF0 23.23 117,670 2,733,474.10
0.11 KMPR KMPR 5 7/8 03/15/62 BNW0GQ6 22.10 121,350 2,681,835.00
0.10 NMFC NMFC 8 1/4 11/15/28 BNDSDV3 25.80 93,053 2,400,767.40
0.09 CFR CFR 4.45 PERP BNKVVC2 18.36 117,388 2,154,656.74
0.09 EPR EPR 5 3/4 PERP B8MGH66 18.96 109,072 2,068,005.12
0.09 BPY BPY 6 1/2 PERP BJHJQ37 14.50 141,730 2,055,085.00
0.08 VLY VLY 6 1/4 PERP BYNMCH1 21.78 89,637 1,952,293.86
0.08 VLY VLY 9.14152 PERP BDGSY95 24.10 79,115 1,906,671.50
0.07 ASB ASB 5 5/8 PERP BMTD069 19.30 89,345 1,724,358.50
0.07 NYCB NYCB 6 11/01/51 2049603 30.50 55,289 1,686,314.50
0.07 ASB ASB 5 7/8 PERP BG2F3F0 20.30 77,638 1,576,051.40
0.06 OPI OPI 6 3/8 06/23/50 BK80YB0 11.09 131,069 1,453,555.21
0.00 CASH 1.00 66,061 66,061.22
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.