Key stats
About Global X SuperIncome Preferred ETF
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Inception date
Jul 16, 2012
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
SPFF targets the 50 highest-yielding preferred stocks issued in the United States. Preferred stocks usually offer higher fixed-income payments than bonds with lower investment per share. It also has a priority claim over common stocks in the event of a company's liquidation. Holdings must meet minimum liquidity and size. The highest-yielding securities are ranked until the target count is reached. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is rebalanced semi-annually. Prior to Apr. 3, 2023, the fund tracked the S&P Enhanced Yield North American Preferred Stock Index.
Classification
What's in the fund
Exposure type
Finance
Stocks99.99%
Finance82.47%
Process Industries5.51%
Communications4.43%
Consumer Durables2.20%
Utilities2.02%
Producer Manufacturing1.87%
Consumer Services1.48%
Bonds, Cash & Other0.01%
Cash0.01%
Displays a symbol's price movements over previous years to identify recurring trends.