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ETFs

Global X U.S. Preferred ETF

PFFD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 11 2017
Expense Ratio
0.23%
Type
Preferred
Fund Owner
Global X
Volume (1m avg. daily)
$8,973,045
AUM
$2,248,140,800
Associated Index
ICE BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

WFC/PR/L
Wells Fargo & Co. - 7.50% PRF PERPETUAL USD 1000 - Cls A Ser L
3.90%
B 0 10/03/23
B 10/03/23
2.98%
BAC/PR/L
Bank Of America Corp. - 7.25% PRF PERPETUAL USD 1000 - Ser L
2.78%
CPRN
Citigroup Capital XIII - FXDFR PFS REDEEM 30/10/2040 USD 25
2.30%
JPM/PR/C
JPMorgan Chase & Co. - 6% PRF PERPETUAL USD 25 - Dep rep 1/400 Ser EE
1.63%
NEE/PR/R
NextEra Energy Inc - Unit ( 6.926% Corporate Units 01/09/2025)
1.53%
JPM/PR/D
JPMorgan Chase & Co. - 5.75% PRF PERPETUAL USD 25 - Dep 1/400th Ser DD
1.46%
WFC/PR/Z
Wells Fargo & Co. - 4.75% PRF PERPETUAL USD 25 - Dp 1/1000 Sr Z Cl A
1.35%
JPM/PR/M
JPMorgan Chase & Co. - 4.20% PRF PERPETUAL USD 25 - Ser MM 1/400th
1.32%
JPM/PR/L
JPMorgan Chase & Co. - 4.625% PRF PERPETUAL USD 25 - Ser LL 1/400th Int
1.28%
Invest with PFFD

What is PFFD?

The Global X U.S. Preferred ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index. The Underlying Index is designed to track the broad-based performance of the U.S. preferred securities market. The Underlying Index includes different categories of preferred stock, such as floating, variable and fixed-rate preferreds, cumulative and non-cumulative preferreds, and trust preferreds.

ETFs related toPFFD

ETFs correlated to PFFD include PSK, PFF, PGX

PFFD
Global X Funds - Global X U.S. Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
CVRD
Madison ETFs Trust - Madison Covered Call ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PFFD is a Preferred ETF. The Global X U.S. Preferred ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index. The Underlying Index is designed to track the broad-based performance of the U.S. preferred securities market. The Underlying Index includes different categories of preferred stock, such as floating, variable and fixed-rate preferreds, cumulative and non-cumulative preferreds, and trust preferreds.

PFFD tracks the ICE BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index.

PFFD dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

No, PFFD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PFFD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PFFD is 0.0087%. This is the percent change in the value of PFFD over the most recent 1-month period. The 3-month return on PFFD is -0.0046%. This is the percent change in the value of PFFD over the most recent 3-month period.

The standard deviation of PFFD for the past year is 0.1521%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PFFD include QAI, PCEF, and MLPA.

ETFs correlated to PFFD include PSK, PFF, and PGX.

ETFs that are inversely correlated to PFFD include SJB, FAZ, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.