PFFV


Variable Rate Preferred ETF

Morningstar Rating™ - Overall rating out of 64 Preferred Stock funds, based on risk-adjusted returns as of 01/31/24

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 1/18/24, per ETF.com (category: “Fixed Income: U.S. Corporate, Preferred Floating Rate”)

Key Information As of 03/01/24

Inception Date 06/22/20
Total Expense Ratio 0.25%
Net Assets $250.16 million
NAV $23.64

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 03/01/24

Ticker PFFV
B3 Trading Code BPFV39
Bloomberg Index Ticker PFTF
CUSIP 37954Y376
ISIN US37954Y3760
Primary Exchange NYSE Arca
Shares Outstanding 10,580,000
Number of Holdings 50
30-Day Median Bid-Ask Spread 0.13%

Distributions As of 03/01/24

30-Day SEC Yield 7.37%
12-Month Trailing Yield 7.29%
Distribution Yield 6.62%
Distribution Frequency Monthly

ETF Prices As of 03/01/24

NAV $23.64 Daily Change -$0.10 -0.42%
Market Price $23.68 Daily Change -$0.08 -0.34%

Performance History

Cumulative Returns (as of 02/29/24)
1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
Return PFFV 1.16% 7.59% 3.62% 5.25% 6.69% 18.96% 06/22/20
Returns (as of 02/29/24)
Return PFFV Return Index
Since Inception 18.96% 19.89%
12 Months 11.10% 11.34%
24 Months 6.61% 6.87%
Last 60 Trading Days 4.10% 4.19%
Last 75 Trading Days 7.85% 7.97%
Monthly Returns (through 02/29/24)
Return PFFV Return Index
Mar 2024 0.00% 0.00%
Feb 2024 1.16% 1.16%
Jan 2024 2.40% 2.51%
Dec 2023 1.26% 1.26%
Nov 2023 5.35% 5.41%
Oct 2023 -3.19% -3.16%
Sep 2023 0.55% 0.56%
Aug 2023 0.46% 0.45%
Jul 2023 3.04% 3.02%
Jun 2023 1.91% 1.96%
May 2023 -2.53% -2.52%
Apr 2023 0.43% 0.45%
Mar 2023 -5.26% -5.30%
Feb 2023 0.37% 0.39%
Jan 2023 8.52% 8.42%
Dec 2022 -3.86% -3.82%
Nov 2022 5.14% 5.12%
Oct 2022 -1.85% -1.85%
Sep 2022 -1.30% -1.26%
Aug 2022 -3.65% -3.67%
Jul 2022 4.69% 4.68%
Jun 2022 -3.18% -3.18%
May 2022 -1.82% -1.81%
Apr 2022 -0.96% -0.87%
Mar 2022 0.07% 0.13%

Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

NAV & Index Chart

Top Holdings As of 03/01/24

Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
5.16 GS GS 6.23296 PERP United States B15CKS5 22.73 562,856 12,793,716.88
4.55 BAC BAC 6.45 12/15/66 United States BF2PL60 25.53 441,588 11,273,741.64
4.30 MS MS 6.2756 PERP United States B1802M4 22.66 470,591 10,663,592.06
4.10 C C 9.64974 PERP United States BDX8YP4 25.52 398,247 10,163,263.44
3.74 ATH ATH 6.35 PERP United States BPSKDY1 24.25 381,863 9,260,177.75
3.73 USB USB 6.1756 PERP United States B125QN4 21.41 432,065 9,250,511.65
2.98 RGA RGA 7 1/8 10/15/52 United States BMG9SY4 26.18 282,214 7,388,362.52
2.94 NLY NLY 10.5848 PERP United States BD0B1Y4 25.12 289,978 7,284,247.36
2.92 GS GS 6.31296 PERP United States B07GC93 22.76 317,421 7,224,501.96
2.66 APO APO 7 5/8 09/15/53 United States BQC5ZW1 26.72 247,024 6,600,481.28
2.59 ATH ATH 6 3/8 PERP United States BMG0ZK2 25.06 256,272 6,422,176.32
2.55 JXN JXN 8 PERP United States BMW6VL7 27.31 231,012 6,308,937.72
2.52 MET MET 6.64624 PERP United States B0B87W3 24.51 255,231 6,255,711.81
2.45 WCC WCC 10 5/8 PERP United States BLFBXS3 27.03 224,880 6,078,506.40
2.36 KEY KEY 6.2 PERP United States BPLPQT9 22.70 257,612 5,847,792.40
2.32 AGNC AGNC 6 1/8 PERP United States BK8ZYQ0 23.48 244,583 5,742,808.84
2.30 ATH ATH 7 3/4 PERP United States BPLKV33 26.23 217,645 5,708,828.35
2.23 ALL ALL 8.74314 01/15/53 United States B87XV26 25.96 212,862 5,525,897.52
2.23 USB USB 6.61513 PERP United States B617Z40 892.50 6,190 5,524,575.00
2.03 KEY KEY 6 1/8 PERP United States BYQR0N5 23.76 211,802 5,032,415.52
2.02 BANC BANC 7 3/4 PERP United States BMWDYS6 22.30 223,886 4,992,657.80
2.01 RF RF 5.7 PERP United States BJMXZX7 23.16 214,748 4,974,637.42
1.93 FITB FITB 9.30177 PERP United States BH58353 25.69 186,035 4,779,239.15
1.85 NSUS NSUS 12.3096 01/15/43 United States B8S0HY0 25.96 176,608 4,584,743.68
1.79 RITM RITM 7 PERP United States BMHVDC2 22.53 197,298 4,445,123.94
1.75 ESGR ESGR 7 PERP United States BFXXB52 25.56 170,007 4,345,378.92
1.72 NLY NLY 9.76377 PERP United States BF4M2M2 25.08 169,612 4,253,868.96
1.68 NSUS NSUS 11.2824 PERP United States BF0XV77 25.28 164,865 4,167,803.69
1.65 RGA RGA 5 3/4 06/15/56 United States BYT3Q98 25.03 162,961 4,078,913.83
1.54 BAC BAC 6.07563 PERP United States B1VN1F6 22.00 174,069 3,829,518.00
1.47 NYCB NYCB 6 3/8 PERP United States BYVLYP2 16.72 218,057 3,645,913.04
1.45 AGNC AGNC 10.6866 PERP United States BDH3TH2 25.75 139,501 3,592,150.75
1.40 HBAN HBAN 6 7/8 PERP United States BQMS207 24.44 141,861 3,467,082.84
1.28 AEL AEL 6 5/8 PERP United States BMTD3B5 25.43 124,911 3,176,486.73
1.26 VOYA VOYA 5.35 PERP United States BJGS497 24.94 125,221 3,123,011.74
1.24 WTFC WTFC 6 7/8 PERP United States BMTCNN4 25.05 122,908 3,078,845.40
1.20 AHL AHL 9.65177 PERP United States B94QMV1 25.84 114,974 2,971,503.03
1.17 BAC NEW YORK BAC 5.9186 PERP United States B1GH4Y3 23.10 125,052 2,888,701.20
1.14 ASB ASB 6 5/8 03/01/33 United States BMX3XP5 21.94 128,848 2,826,925.12
1.07 BAC BAC 6.24942 PERP United States B06H0T3 21.24 124,537 2,645,165.88
1.05 MTB MTB 5 5/8 PERP United States BPQT641 24.18 107,212 2,592,386.16
0.94 TVA TVA 2.134 06/01/28 United States 2612674 22.25 104,367 2,322,165.75
0.92 CIM CIM 7 3/4 PERP United States BGHCHV0 20.88 109,031 2,276,567.28
0.90 WAL WAL 4 1/4 PERP United States BNZJSP3 17.31 128,369 2,222,067.39
0.87 SNV SNV 8.94713 PERP United States BG1FRQ0 25.40 84,816 2,153,902.32
0.78 BAC BAC 6.34942 PERP United States B0PR2S7 22.48 86,478 1,944,025.44
0.75 TVA TVA 2.216 05/01/29 United States 2520249 21.97 84,323 1,852,340.21
0.74 NSUS NSUS 12.5262 PERP United States BD1KJ79 25.39 72,422 1,838,794.58
0.60 CASH United States 1.00 1,500,127 1,500,126.87
0.60 ZION ZION 9.88624 PERP United States B8GFK37 25.28 58,413 1,476,680.64
0.40 VLY VLY 9.16977 PERP United States BDGSY95 23.48 41,942 984,798.16
0.16 OTHER PAYABLE & RECEIVABLES United States 1.00 408,417 408,417.43
Holdings are subject to change. "Cash" denotes U.S. dollars.

TERMS OF USE

Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

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