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PFFV

Variable Rate Preferred ETF

Reasons to Consider PFFV

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High Income Potential

PFFV invests in a broad basket of variable rate preferred stock in the U.S., an asset class that has historically offered high yield potential.

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Low Expense Ratio

PFFV’s expense ratio is half the competitor average.1

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Lower Duration Nature

Variable rate preferreds may offer lower duration profiles than fixed rate preferred issuances.

1Expense ratio was 50.0% lower than the competitor average net expense ratio as of 10/1/25, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred Floating Rate”)

Key Information

As of Nov 20 2025
Inception Date
06/22/20
Total Expense Ratio
0.25%
Net Assets
$310.20 million
NAV
$22.43
Fact Sheet

ETF Summary

The Global X Variable Rate Preferred ETF (PFFV) invests in a broad basket of U.S. variable rate preferred stocks, providing benchmark-like exposure to the asset class. Variable rate preferreds can play a role in an investor’s portfolio as a source of income with less interest rate risk, offering the potential to mitigate the risks of rising interest rates due to coupon payments that adjust at certain points over their lifespan.

ETF Objective

The Global X Variable Rate Preferred ETF (PFFV) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE U.S. Variable Rate Preferred Securities Index.

Trading Details

As of Nov 20 2025
Ticker
PFFV
Bloomberg Index Ticker
PFTF
CUSIP
37954Y376
ISIN
US37954Y3760
Primary Exchange
NYSE Arca
Shares Outstanding
13,830,000
Number of Holdings
60
30-Day Median Bid-Ask Spread
0.04%
NAIC Designation*
Preliminary 4.A as of 03/31/25
Distributions

ETF Prices

As of Nov 20 2025
NAV$22.43Daily Change-$0.13-0.58%
Market Price$22.38Daily Change-$0.16-0.71%

Performance History

Fund NAVMarket PriceIndex

Top Holdings

As of Nov 20 2025
Net Assets (%)TickerNameSEDOLMarket Price ($)Shares HeldMarket Value ($)
4.19MSMS 4.86615 PERPB1802M419.59650,64512,746,135.55
3.36RGARGA 7 1/8 10/15/52BMG9SY425.39402,85510,228,488.45
2.97APOAPO 7 5/8 09/15/53BQC5ZW126.20344,5199,026,397.80
2.71USBUSB 4.76615 PERPB125QN417.98459,2698,257,656.62
2.70GSGS 4.79656 PERPB15CKS518.94434,4878,229,183.78
2.66JXNJXN 8 PERPBMW6VL725.87312,7748,091,463.38
2.53BACBAC 6.45 12/15/66BF2PL6025.60301,0127,705,907.20
2.51METMET 5.29942 PERPB0B87W322.32342,7197,649,488.08
2.48KEYKEY 6.2 PERPBPLPQT924.99301,8877,544,156.13
2.48ALLALL 7.29508 01/15/53B87XV2626.22287,4267,536,309.72

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Quarterly Income Commentary: Enhancing Yields Through Preferred Stocks and Fixed Income

Preferred Stock Outlook in the Wake of the Banking Sector Shakeout

ETF Documents

Supplemental Tax Information
Fact Sheet
Index Methodology Summary
Proxy Voting
Quarterly Preferred Report

Prospectus & Regulatory Information

Summary Prospectus
Statutory Prospectus
Statement of Additional Information
Annual Financial Statements*
Semi Annual Financial Statements**
Annual Shareholder Report
Semi Annual Shareholder Report
Q1 Complete Holdings
Q3 Complete Holdings

* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.