PFFV
Variable Rate Preferred ETF
Morningstar Rating™ - Overall rating out of 66 Preferred Stock funds, based on risk-adjusted returns as of 03/31/2025
Reasons to Consider PFFV
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.
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.
| Trading Details |
| Distributions |
ETF Prices
As of May 08 2025| NAV | $22.97 | Daily Change | -$0.10 | -0.43% |
| Market Price | $23.04 | Daily Change | -$0.08 | -0.35% |
Performance History
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 4.77 | GS | GS 5.22896 PERP | B15CKS5 | 21.78 | 659,091 | 14,355,001.98 |
| 4.30 | BAC | BAC 6.45 12/15/66 | BF2PL60 | 25.35 | 509,594 | 12,918,207.90 |
| 3.92 | MS | MS 5.21771 PERP | B1802M4 | 21.74 | 541,727 | 11,777,144.98 |
| 3.14 | USB | USB 5.11771 PERP | B125QN4 | 21.14 | 446,366 | 9,436,177.24 |
| 3.03 | ATH | ATH 6.35 PERP | BPSKDY1 | 23.78 | 382,859 | 9,104,387.02 |
| 2.95 | RGA | RGA 7 1/8 10/15/52 | BMG9SY4 | 25.84 | 343,789 | 8,883,507.76 |
| 2.86 | JXN | JXN 8 PERP | BMW6VL7 | 26.08 | 329,960 | 8,605,356.80 |
| 2.63 | GS | GS 5.30896 PERP | B07GC93 | 21.60 | 365,918 | 7,903,828.80 |
| 2.58 | MET | MET 5.56089 PERP | B0B87W3 | 24.21 | 320,934 | 7,769,812.14 |
| 2.57 | APO | APO 7 5/8 09/15/53 | BQC5ZW1 | 26.25 | 294,389 | 7,727,711.25 |
| Exposure |