About Global X U.S. Preferred ETF (PFFD)

The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofAML Diversified Core U.S. Preferred Securities Index. The fund invests at least 80% of its total assets in the securities of the index. The index is designed to track the performance of U.S. dollar-denominated preferred securities issued in the U.S. domestic market.

Preferred securities are a hybrid form of capital stock that has both equity and debt characteristics. They typically pay a fixed dividend or distribution and rank higher than common stock in terms of dividend payments and liquidation preference. The Global X U.S. Preferred ETF provides investors with exposure to this unique asset class, offering potential income generation and capital appreciation.