PFFD


U.S. Preferred ETF

Fund 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.

Fund 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 BofAML Diversified Core U.S. Preferred Securities Index.

Why 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 nearly half the industry average.^

Monthly Distributions

PFFD makes distributions on a monthly basis.

*Expense ratio was 47.3% lower than the industry average net expense ratio as of 1/1/20, per ETF.com (category: 'Fixed Income: U.S. - Corporate, Preferred’).

Fund Details As of 4/3/20

Key Facts

Ticker PFFD
Inception Date 2017-09-11
CUSIP 37954Y657
ISIN US37954Y6573
Bloomberg Index Ticker PLCR
Primary Exchange NYSE Arca

Stats & Fees

Net Assets $593,541,394.60
NAV $20.90
Shares Outstanding 28,400,000
Total Expense Ratio 0.24%
Net Expense Ratio* 0.23%

Distributions

30-Day SEC Yield 6.09%
12-Month Trailing Yield 6.72%
Distribution Yield 6.61%
Distribution Frequency Monthly

*Fee waivers are contractual and in effect until at least April 1, 2021.

**Fee waivers are effective April 1, 2020. Calculation of the Unsubsidized 30-Day SEC Yield will be available May 1, 2020 for the 30 day period ended April 30, 2020.

Fund Prices As of 4/3/20

NAV Price
Net Asset Value $20.90 Closing Price $20.91
Daily Change -$0.30 -1.40% Daily Change -$0.12 -0.57%

Performance History

Cumulative %

Data as of month end (3/31/20)

Fund NAV Closing Price Index
1 Month -9.23% -8.82% -9.27%
3 Months -11.89% -11.34% -11.73%
6 Months -10.44% -9.86% -10.26%
Since Inception 0.45% 1.53% 1.12%

Avg Annualized %

Data as of month end (3/31/20)

Fund NAV Closing Price Index
1 Year -4.22% -3.61% -3.88%
Since Inception 0.18% 0.60% 0.44%

Avg Annualized %

Data as of quarter end (3/31/20)

Fund NAV Closing Price Index
1 Year -4.22% -3.61% -3.88%
Since Inception 0.18% 0.60% 0.44%

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.

Top 10 Holdings

As of 4/3/20
Net Assets % Name Market Price ($) Shares Held Market Value ($)
3.49 WFC 7 1/2 PERP 1,205.00 17,173 20,693,465.00
2.76 BAC 7 1/4 PERP 1,230.05 13,335 16,402,716.75
2.67 AVGO 8 09/30/22 914.43 17,320 15,837,927.60
1.65 C 8.1395 10/30/40 25.78 380,731 9,815,245.18
1.43 ALLY 7.47663 02/15/40 18.75 451,397 8,463,693.75
1.40 JPM 6 PERP 25.84 321,071 8,296,474.64
1.24 JPM 5 3/4 PERP 25.03 294,552 7,372,636.56
1.23 DHR 4 3/4 04/15/22 1,020.69 7,163 7,311,202.47
1.16 WFC 5.85 PERP 22.91 299,582 6,863,423.62
1.12 SRE 6 01/15/21 89.05 74,876 6,667,707.80
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

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.Global X NAVs are calculated using prices as of 4:00 PM Eastern Time.The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange.Closing price returns 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.