PFFVGlobal X Variable Rate Preferred ETF
Seeks to provide investment results that correspond generally to the price and yield performance of the ICE U.S. Variable Rate Preferred Securities Index.
By Global X Funds · Launched 2020
Annual Cost
0.25%
#1,172 of 6,040 · low cost
Fund Size
$320M
#2,026 of 6,040 · large
Return (1Y)
+1.4%
Track Record
6 years
#2,109 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,201+2.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
ICE US Variable Rate Preferred Securities Index
Holdings
By weightConcentration
Top 10 holdings = 30.6% of funddiversified
MORGAN STANLEY
4.4%
REINSURANCE GROUP OF AMERICA, INCORPORATED
3.7%
APOLLO GLOBAL MANAGEMENT, INC.
3.1%
KEYCORP
3.1%
JACKSON FINANCIAL INC.
2.9%
U.S. BANCORP
2.8%
THE ALLSTATE CORPORATION
2.7%
METLIFE, INC.
2.7%
SYNCHRONY FINANCIAL
2.7%
BANC OF CALIFORNIA, INC.
2.7%
Asset allocation
Preferred
93.4%
Other
6.4%
Cash
0.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.0%Low
Year-on-year price swings
Max drawdown
-18.9%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.43Below average
Sortino (3Y)
0.61Moderate downside risk
Bond profile
Credit ratings
US Government
0.2%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to provide investment results that correspond generally to the price and yield performance of the ICE U.S. Variable Rate Preferred Securities Index.
- Strategy
- Invests at least 80% of total assets in U.S.-listed variable rate preferred securities, primarily in financials, real estate, telecommunications, and utilities. Uses an indexing approach and does not seek to outperform the Underlying Index, employing a representative sampling strategy.
- Inception date
- June 22, 2020
- Fund family
- Global X Funds
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save PFFV to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18