The Global X Variable Rate Preferred ETF (PFFV) is a sophisticated investment vehicle designed for those seeking exposure to the dynamic world of corporate preferred securities with a floating rate feature. Positioned in the 'Corporate, Preferred' category, PFFV offers a unique focus on 'Broad Credit' with a strategic tilt towards the 'Floating Rate' niche. This ETF provides investors with the opportunity to benefit from variable interest rates, a crucial advantage during periods of fluctuating interest rates.
PFFV primarily invests in preferred stocks, which are a hybrid between bonds and common stocks, offering a fixed dividend but with the potential for appreciation. What sets this ETF apart is its concentration on preferred stocks that have a variable interest rate component. This means that the dividend payments adjust with prevailing interest rates, providing a hedge against rising rate environments and potential inflationary pressures.
The fund's diversified portfolio includes a wide range of issuers, predominantly from the corporate sector, ensuring a robust spread of credit risk. For investors looking to balance yield generation with interest rate risk management, the Global X Variable Rate Preferred ETF presents an attractive option, combining the stability of corporate credit with the adaptive benefits of floating rate securities.
Global X Variable Rate Preferred ETF (PFFV) Fund Flow Chart
Global X Variable Rate Preferred ETF (PFFV) 1 year Net Flows: $53M
PFFV ETF FAQ
What was PFFV’s price range in the past 12 months?
PFFV lowest ETF price was $22.25 and its highest was $24.48 in the past 12 months.