PFFVGlobal X Variable Rate Preferred ETF

Get income5y track recordRanked #413 of 1,624 in this goal

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%

#1,231 of 5,568 · low cost

Fund Size

$306M

#1,935 of 5,568 · mid-size

Dividend YieldGoal

8.11%

Track Record

5 years

#2,138 of 5,568 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,531+5.3%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

ICE US Variable Rate Preferred Securities Index

What it actually holds

By weight

Concentration

Top 10 holdings = 28.6% of fund✓ well diversified

MORGAN STANLEY

4.2%

REINSURANCE GROUP OF AMERICA, INCORPORATED

3.4%

APOLLO GLOBAL MANAGEMENT, INC.

3.0%

U.S. BANCORP

2.7%

THE GOLDMAN SACHS GROUP, INC.

2.7%

JACKSON FINANCIAL INC.

2.7%

BANK OF AMERICA CORPORATION

2.5%

KEYCORP

2.5%

METLIFE, INC.

2.5%

SYNCHRONY FINANCIAL

2.5%

Asset allocation

Preferred

93.1%

Other

6.7%

Cash

0.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.1%Low

Year-on-year price swings

Max drawdown

-19.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.67Decent risk-adjusted returns

Sortino (3Y)

0.96Moderate downside risk

Bond profile

Where to buy

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 primarily in securities of the ICE U.S. Variable Rate Preferred Securities Index and ADRs/GDRs based on those securities. Uses representative sampling to achieve investment results that correspond to the Underlying Index, which tracks the U.S. variable rate preferred securities market.
Inception date: June 22, 2020
Fund family: Global X Funds