Key stats
About Global X Variable Rate Preferred ETF
Home page
Inception date
Jun 22, 2020
Structure
Open-Ended Fund
Replication method
Physical
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.95%
Cash0.05%
Stock breakdown by region
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 top holdings are Morgan Stanley Deposit Shs Repr 1/1000th Flt Rate Non Cum Pfd Shs Series - A- and Reinsurance Group of America, Incorporated (3.456% MIN/7.125 % MAX)Debentures 2022-15.10.52 Global Fixed/Floating Rate, occupying 4.60% and 3.71% of the portfolio correspondingly.
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 315.64 M USD. It's risen 0.82% over the last month.
PFFV fund flows account for 66.24 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 7.50%. The last dividend (Sep 9, 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 risen by 0.11% over the last month, and its yearly performance shows a −3.94% decrease. See more dynamics on PFFV price chart.
NAV returns, another gauge of an ETF dynamics, showed a 3.42% increase in three-month performance and has increased by 3.46% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 3.42% increase in three-month performance and has increased by 3.46% in a year.
PFFV trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.