Global X U.S. Preferred ETF (GX0A)
XBER 
Summary
GX0A Chart
PFFD ETF's Portfolio Breakdown: Attractive For Those Seeking Yield
Global X U.S. Preferred ETF offers diversified exposure to preferred securities, with a $2.28B portfolio and a low 0.23% expense ratio, appealing for income-focused investors. Yield opportunities exist: baby bonds below par yield 7.23%, mandatory convertibles yield 7.24%, and fixed-to-floating preferreds yield 8.15%. Despite modest 5-year returns, PFFD's credit quality and yield profile make it a reasonable choice for conservative income portfolios seeking stability.
Debunking Preferred-Stock ETF Holdings Part 8: PFFD's Portfolio Breakdown
The Global X U.S. Preferred ETFP aims to mirror the performance of the ICE BofA Diversified Core U.S. Preferred Securities Index. PFFD holds around $2.31 billion in net assets, with a total expense ratio of 0.23% and approximately 216 holdings. The average credit score of PFFD's portfolio is Baa3, based on Moody's ratings and some adjustments.
PFFD: Shrinking Value And Distribution
Global X U.S. Preferred ETF tracks an index including U.S. preferred stocks of all kinds. PFFD is concentrated in top issuers, especially large banks. PFFD has a bond-like return with stock-like risk, underperforming a high-yield bond benchmark and several preferred stocks ETFs.
Global X U.S. Preferred ETF Dividends
| PFFD In 1 weeks Estimated | Monthly | $0.1 Per Share |
| PFFD 2 weeks ago Paid | Monthly | $0.1 Per Share |
| PFFD 1 month ago Paid | Monthly | $0.1 Per Share |
| PFFD 2 months ago Paid | Monthly | $0.1 Per Share |
| PFFD 3 months ago Paid | Monthly | $0.1 Per Share |
| PFFD 4 months ago Paid | Monthly | $0.1 Per Share |
Global X U.S. Preferred ETF Earnings
| PFFD In 1 weeks Estimated | Monthly | $0.1 Per Share |
| PFFD 2 weeks ago Paid | Monthly | $0.1 Per Share |
| PFFD 1 month ago Paid | Monthly | $0.1 Per Share |
| PFFD 2 months ago Paid | Monthly | $0.1 Per Share |
| PFFD 3 months ago Paid | Monthly | $0.1 Per Share |
| PFFD 4 months ago Paid | Monthly | $0.1 Per Share |
Global X U.S. Preferred ETF (GX0A) FAQ
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Global X U.S. Preferred ETF Profile
| XBER Exchange | US Country |
Overview
This fund focuses on investing a substantial portion of its assets in preferred securities. Specifically, it commits at least 80% of its total assets to securities that are part of its underlying index, ensuring a concentrated approach in its investment strategy. The fund seeks to provide exposure to the broad-based performance of the U.S. preferred securities market, tapping into the potential benefits of this particular asset class. The preferred securities included in its investment portfolio are either domiciled in, primarily traded in, or generate the majority of their revenues from the U.S., emphasizing a strong orientation towards the American financial market. This strategic focus aims to leverage the stability and growth potential of U.S.-based preferred securities, aligning with the fund's objectives to offer favorable returns to its investors.
Products and Services
- Investment in Securities of Underlying Index
The fund dedicates at least 80% of its total assets to investments in the securities that constitute its underlying index. This underlying index is meticulously selected to mirror the comprehensive performance of the U.S. preferred securities market. By channeling the majority of its investments into the securities of this index, the fund aims to closely track or replicate the index’s performance, providing investors with a reflective exposure to the preferred securities landscape in the U.S.
- Investment in Preferred Securities
Aligning with its primary focus, the fund commits a minimum of 80% of its assets to preferred securities. These securities are selected based on their domicile, principal trading activity, or revenue generation, which must be significantly tied to the U.S. market. Preferred securities offer distinct advantages, including potential fixed income streams and prioritization over common stocks in dividend payments and asset liquidation in events of a company's liquidation, making them an attractive option for income-focused investors.
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