Symbols

SPFF

Global X SuperIncome Preferred ETF·NYSE

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Key Stats

Assets Under Management

130.23MUSD

Fund Flows (1Y)

-11.25MUSD

Dividend Yield

6.47%

Discount/Premium to NAV

0.22%

Shares Outstanding

14.00M

Expense Ratio

0.48%

About Global X SuperIncome Preferred ETF

Issuer

Global X Management Company LLC

Brand

Global X

Home Page

https://www.globalxetfs.com/funds/spff/

Inception Date

Jul 16, 2012

Structure

Open-Ended Fund

Index Tracked

Global X U.S. High Yield Preferred Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Global X Management Co. LLC

Distributor

SEI Investments Distribution Co.

SPFF targets the 50 highest-yielding preferred stocks issued in the United States. Preferred stocks usually offer higher fixed-income payments than bonds with lower investment per share. It also has a priority claim over common stocks in the event of a company's liquidation. Holdings must meet minimum liquidity and size. The highest-yielding securities are ranked until the target count is reached. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is rebalanced semi-annually. Prior to Apr. 3, 2023, the fund tracked the S&P Enhanced Yield North American Preferred Stock Index.