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.
Low Expense Ratio
PFFV’s expense ratio is half the competitor average.1
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 4/1/25, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred Floating Rate”)
Key Information
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.
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ETF Research
Quarterly Income Commentary: Enhancing Yields Through Preferred Stocks and Fixed Income
Preferred Stock Outlook in the Wake of the Banking Sector Shakeout
* 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.
