Key stats
About Global X Variable Rate Preferred ETF
Expense ratio
0.25%
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Inception date
Jun 22, 2020
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
What's in the fund
Exposure type
Finance
Stocks99.75%
Finance89.27%
Industrial Services5.75%
Distribution Services2.31%
Commercial Services1.70%
Government0.71%
Bonds, Cash & Other0.25%
Government0.25%
Cash0.00%