Global X SuperIncome Preferred ETF

Global X SuperIncome Preferred ETF (SPFF) is an index fund that holds about 49 of the highest-yielding preferred stocks listed in the US. Preferred stocks are shares that pay a set dividend ahead of common stock. Because the fund targets top yields, its trailing 12-month yield was 7.07% as of October 27, 2026, paid monthly. It costs 0.48% a year, more than double the 0.23% charged by Global X's broader PFFD.

• Over the year to Oct 27, 2026, SPFF returned +2.2%, 2nd of 6 among similar funds.
• Its 5-year annualized return was +1.0% and its 10-year +2.8%.
• In the 2020 COVID crash it fell 35.7% and regained its old high 7.8 months after the low.
• Its worst full calendar year was 2022 (-13.9%); its best was 2019 (+13.2%).
• The deepest fall in its price history was 35.9% (Feb 12, 2020 to Mar 18, 2020), recovered by Nov 9, 2020.

As of Jul 31, 2026, the fund held 49 securities; the ten largest made up 37.33% of assets, and 3.9% sat in cash and money-market holdings.

By sector

• Over the three months to Jul 31, 2026, investors withdrew a net $5.0M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.45%, -2.38%, +2.77%.

SPFF tracks the Global X U.S. High Yield Preferred Index. Global X Management, the fund's adviser, owns the index, and Solactive AG runs it. Solactive picks the highest-yielding preferred securities listed in the US. Each one must pass screens for size, liquidity, issuer concentration, credit rating and maturity, and Solactive also sets each holding's weight. As of December 31, 2025, the index had 49 constituents and was concentrated in the banking industry.

Preferred stock pays a set dividend that must be paid before common shareholders get anything. If a company is liquidated, preferred holders rank ahead of common stock but behind bondholders. Preferred shares usually carry no vote. The index can hold fixed-rate and floating-rate preferreds, perpetual preferreds (no maturity date), trust preferreds, cumulative and non-cumulative preferreds, and callable and convertible preferreds.

The fund generally uses replication, which means buying the index's securities in roughly the same proportions. It may hold a representative sample instead when a security is illiquid or costly to buy. It keeps at least 80% of its assets in index securities and in preferreds. It does not try to beat the index, and it does not move to cash in downturns. Portfolio turnover was 73.21%, so holdings change often. The fund may lend out up to one-third of its assets. Because the adviser also owns the index, the prospectus flags a potential conflict of interest.

• SPFF charges 0.48% a year, versus an average of 0.81% for the similar funds below (4th of 6, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $49 in the first year and $604 over 10 years (assuming a 5% annual return).

SPFF exists mainly to pay out a high, monthly income from preferred stocks, not to grow capital.

SPFF's main draw is income. Its trailing 12-month yield was 7.07% as of October 27, 2026, paid monthly. It costs 0.48% a year, which in the SEC's standard example is $49 in the first year on $10,000. The trade-off is that its price can drop like a stock's. It fell 35.7% from February to March 2020 and took about eight months to recover. In 2022, when interest rates rose, it lost 14.74%, its worst calendar year, and it took until September 2024 to regain its earlier peak. The fund launched in 2012, so it has no record from 2008. Its average annual return was 3.08% over the 10 years to December 31, 2025, which is modest next to its yield. A retiree who had to sell shares during a slump could lock in losses. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).