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Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Global X SuperIncome Preferred ETF

SPFF | ETF

$9.66

$165 M

5.72%

$0.55

0.48%

Vitals

YTD Return

9.9%

1 yr return

16.9%

3 Yr Avg Return

-1.3%

5 Yr Avg Return

2.0%

Net Assets

$165 M

Holdings in Top 10

39.8%

52 WEEK LOW AND HIGH

$9.6
$8.50
$9.85

Expenses

OPERATING FEES

Expense Ratio 0.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Global X SuperIncome Preferred ETF

SPFF | ETF

$9.66

$165 M

5.72%

$0.55

0.48%

SPFF - Profile

Distributions

  • YTD Total Return 9.9%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.13%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Global X SuperIncome Preferred ETF
  • Fund Family Name
    Global X Funds
  • Inception Date
    Jul 16, 2012
  • Shares Outstanding
    18823715
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nam To

Fund Description

The Fund will invest at least 80% of its total assets in the securities of the Global X U.S. High Yield Preferred Index ("Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. Moreover, at least 80% of the Fund's total assets will be invested in preferred securities. The Fund's 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
The Underlying Index is owned and was developed by Global X Management Company LLC (the “Index Provider”), an affiliate of the Fund and the Fund’s investment adviser (the “Adviser”). The Underlying Index tracks the performance of the highest-yielding preferred securities listed in the United States, as determined by Solactive AG, the administrator of the Underlying Index (“Index Administrator”). The Underlying Index is comprised of preferred stocks that meet certain criteria relating to size, liquidity, issuer concentration and rating, maturity and other requirements, as determined by the Index Administrator. The Underlying Index does not seek to directly reflect the performance of the companies issuing the preferred
stock. As of December 31, 2023, the Underlying Index had 50 constituents. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
In general, preferred stock is a class of equity security that pays a specified dividend that must be paid before any dividends can be paid to common stockholders, and which takes precedence over common stock in the event of the company's liquidation. Although preferred stocks represent a partial ownership interest in a company, preferred stocks generally do not carry voting rights and have economic characteristics similar to fixed-income securities. Preferred stocks generally are issued with a fixed par value and pay dividends based on a percentage of that par value at a fixed or variable rate. Additionally, preferred stocks often have a liquidation value that generally equals the original purchase price of the preferred stock at the date of issuance. The Underlying Index may include many different categories of preferred stock, such as floating and fixed rate preferreds, perpetual preferred stock, trust preferred securities, cumulative and non-cumulative preferreds or preferred stocks with a callable or conversion feature.
The Index Administrator determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation.
The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index was concentrated in the banking industry and had significant exposure to the financials sector.
Read More

SPFF - Performance

Return Ranking - Trailing

Period SPFF Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% 4.8% 17.7% 37.18%
1 Yr 16.9% 10.0% 28.4% 41.03%
3 Yr -1.3%* -7.6% 5.9% 76.39%
5 Yr 2.0%* -5.1% 11.5% 61.76%
10 Yr 2.2%* 0.8% 5.0% 83.33%

* Annualized

Return Ranking - Calendar

Period SPFF Return Category Return Low Category Return High Rank in Category (%)
2023 -3.6% -3.6% 14.2% 100.00%
2022 -19.7% -29.4% -9.6% 62.50%
2021 -0.7% -3.4% 17.2% 54.17%
2020 0.5% -24.8% 9.0% 66.67%
2019 6.4% 6.4% 19.1% 98.46%

Total Return Ranking - Trailing

Period SPFF Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% 4.8% 17.7% 37.18%
1 Yr 16.9% 10.0% 28.4% 41.03%
3 Yr -1.3%* -7.6% 5.9% 76.39%
5 Yr 2.0%* -5.1% 11.5% 61.76%
10 Yr 2.2%* 0.8% 5.0% 83.33%

* Annualized

Total Return Ranking - Calendar

Period SPFF Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -1.9% 26.5% 84.62%
2022 -14.3% -26.0% -5.8% 66.67%
2021 5.1% -2.5% 27.4% 19.44%
2020 6.9% -19.2% 12.3% 15.94%
2019 13.0% 10.0% 32.0% 92.31%

SPFF - Holdings

Concentration Analysis

SPFF Category Low Category High SPFF % Rank
Net Assets 165 M 24.1 M 14.5 B 88.46%
Number of Holdings 49 49 439 100.00%
Net Assets in Top 10 59.1 M 8.45 M 1.89 B 74.36%
Weighting of Top 10 39.76% 11.3% 48.1% 2.56%

Top 10 Holdings

  1. Bank of America Corp PREFERRED STOCK 7.11%
  2. Apollo Global Management Inc PREFERRED STOCK 5.77%
  3. Wells Fargo Co PREFERRED STOCK 5.28%
  4. JPMorgan Chase Co PREFERRED STOCK 3.58%
  5. JPMorgan Chase Co PREFERRED STOCK 3.57%
  6. Morgan Stanley PREFERRED STOCK 3.04%
  7. Morgan Stanley PREFERRED STOCK 2.89%
  8. JPMorgan Chase Co PREFERRED STOCK 2.88%
  9. Morgan Stanley PREFERRED STOCK 2.87%
  10. Capital One Financial Corp PREFERRED STOCK 2.77%

Asset Allocation

Weighting Return Low Return High SPFF % Rank
Preferred Stocks 		99.77% 0.00% 125.69% 5.13%
Cash 		0.23% -0.02% 11.04% 96.15%
Stocks 		0.00% 0.00% 29.42% 96.15%
Other 		0.00% -4.41% 10.15% 75.64%
Convertible Bonds 		0.00% 0.00% 31.65% 100.00%
Bonds 		0.00% 0.00% 97.75% 100.00%

SPFF - Expenses

Operational Fees

SPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.05% 4.46% 87.01%
Management Fee 0.48% 0.00% 1.00% 14.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

SPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

SPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SPFF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 12.00% 199.00% 89.33%

SPFF - Distributions

Dividend Yield Analysis

SPFF Category Low Category High SPFF % Rank
Dividend Yield 5.72% 0.00% 9.59% 14.10%

Dividend Distribution Analysis

SPFF Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

SPFF Category Low Category High SPFF % Rank
Net Income Ratio 5.13% 0.88% 7.54% 16.22%

Capital Gain Distribution Analysis

SPFF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SPFF - Fund Manager Analysis

Managers

Nam To

Start Date

Tenure

Tenure Rank

Mar 01, 2018

4.25

4.3%

Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.

Wayne Xie

Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.

Kimberly Chan

Start Date

Tenure

Tenure Rank

Jun 10, 2019

2.98

3.0%

Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.

Vanessa Yang

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.

Sandy Lu

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.

William Helm

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.8 11.42

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