Summary
SPFF Chart
SPFF's Portfolio Breakdown
The Global X SuperIncome™ Preferred ETF is a diversified ETF focused on preferred stocks and bonds, with 74% exposure to the financial sector and a variety of instrument types. Returns are stable but modest, with 5-year and 10-year total returns of 2.69% and 2.26%, and limited upside potential due to the fund's structure. SPFF offers steady income and lower interest rate risk, but investors should not expect significant capital appreciation or high returns.
Debunking Preferred-Stock ETFs Part 3: SPFF's Portfolio Breakdown
SPFF aims to mirror the performance of the Global X U.S. High-Yield Preferred Index, investing primarily in high-yielding U.S. preferred stocks. The fund's portfolio includes bonds (13%), preferred stocks (83%), with a focus on high yields. SPFF's expected yield is around 6%, but investors face interest rate risk. We prefer CEF preferred stocks for better risk-reward balance.
SPFF: Shrinking Value Since 2012
GlobalX SuperIncome Preferred ETF (SPFF) invests in some of the highest-yielding preferred stocks listed in the U.S. SPFF has lost about 60% in inflation-adjusted value and distribution since its inception. Moreover, it has underperformed a junk bond benchmark and shows higher risk metrics.
Global X SuperIncome Preferred Mutual Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 6,461 | $59,808.3 | $60,830.31 | $1,022.01 | 1.71% |
 Andrew Nall PMV Capital Advisers, LLC | 22 | $200 | $206.14 | $6.14 | 3.07% |
 Christopher C. Powers Farther Finance Advisors, LLC | 2,475 | $22,886.02 | $23,117.24 | $231.22 | 1.01% |
| RN Ron New Whipplewood Advisors LLC | 26,649 | $239,772.52 | $248,901.66 | $9,129.14 | 3.81% |
| SK Samira Kadam Synergy Investment Management LLC | 4,129 | $36,711 | $38,564.86 | $1,853.86 | 5.05% |
Global X SuperIncome Preferred Mutual Fund (SPFF) FAQ
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Global X SuperIncome Preferred Mutual Fund Profile
| ARCA Exchange | US Country |
Overview
The fund is an investment vehicle focusing on generating returns through investments in preferred securities that exhibit high yield characteristics. It commits at least 80% of its total assets in the securities that form part of its underlying index as well as in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that are based on the securities in the underlying index. This strategy is aimed at leveraging the performance of the highest-yielding preferred securities listed in the United States. The selection and performance tracking of these securities is entrusted to Solactive AG, a notable index administrator, ensuring a structured and reliable approach to achieving the fund's investment objectives.
Products and Services
This fund offers a specialized investment opportunity through two main financial instruments:
- Securities of the Underlying Index: These are primarily selected based on their high-yield characteristics among the preferred securities listed in the United States. The fund allocates at least 80% of its total assets to these securities, following a rigorous selection criterion managed by the Index Administrator, Solactive AG. This enables the fund to focus on securities that are expected to offer better returns compared to regular securities.
- American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs): In addition to direct investments in the securities forming the underlying index, the fund also invests in ADRs and GDRs. These are financial instruments that allow the fund to hold shares in foreign companies that are traded on U.S. stock exchanges, thus potentially diversifying its investment portfolio beyond the domestic market. The ADRs and GDRs chosen for investment are those based on the securities in the underlying index, providing a consistent investment focus aligned with the fund’s high-yield strategy.
