Global X Variable Rate Preferred ETFGlobal X Variable Rate Preferred ETFGlobal X Variable Rate Preferred ETF

Global X Variable Rate Preferred ETF

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Key stats


Assets under management (AUM)
‪312.99 M‬USD
Fund flows (1Y)
‪65.37 M‬USD
Dividend yield (indicated)
7.56%
Discount/Premium to NAV
0.1%
Shares outstanding
‪13.53 M‬
Expense ratio
0.25%

About Global X Variable Rate Preferred ETF


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Inception date
Jun 22, 2020
Structure
Open-Ended Fund
Index tracked
ICE U.S. Variable Rate Preferred Securities Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
ISIN
US37954Y3760
PFFV offers broad exposure to US preferred stocks, with respect to company size and floating rate characteristics. Securities are selected and weighted by the market value, plus any accrued interest. Given the nature of preferreds, PFFVs holdings is concentrated on issuers from the financial industry, with a 10% exposure cap to individual issuers and a quarterly rebalance. While it may hold securities from non-US issuer, the passively-managed fund primarily invests in US-listed names of any credit quality and maturity that are denominated in USD. In all, PFFV provides a market-like, broad-based exposure to the space.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Floating rate
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of August 29, 2025
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate99.73%
Cash0.27%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently Asked Questions


PFFV last dividends amounted to 0.14 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 0.73% decrease.
PFFV assets under management is ‪312.99 M‬ USD. It's risen 0.26% over the last month.
PFFV fund flows account for ‪65.37 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PFFV pays dividends to its holders with the dividend yield of 7.56%. The last dividend (Aug 8, 2025) amounted to 0.14 USD. The dividends are paid monthly.
PFFV shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Jun 22, 2020, and its management style is Passive.
PFFV expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
PFFV follows the ICE U.S. Variable Rate Preferred Securities Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PFFV invests in bonds.
PFFV price has fallen by −0.05% over the last month, and its yearly performance shows a −3.83% decrease. See more dynamics on PFFV price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.36% increase in three-month performance and has increased by 4.08% in a year.
PFFV trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.