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%
#1,139 of 5,854 · low cost
Fund Size
$305M
#1,968 of 5,854 · large
Dividend YieldGoal
8.19%
Track Record
6 years
#2,091 of 5,854 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,309+3.1%
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
What it actually holds
By weightConcentration
Top 10 holdings = 30.6% of fund✓ well diversified
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
92.5%
Other
6.7%
Cash
0.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.1%Low
Year-on-year price swings
Max drawdown
-19.0%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.48Below average
Sortino (3Y)
0.69Moderate downside risk
Bond profile
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
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Data updated on 2026-08-03