Positive
Seeking Alpha
3 months ago
PFFD Under The Microscope: Allocation And Portfolio Structure
The Global X U.S. Preferred ETF provides diversified exposure to preferred securities, with an emphasis on traditional fixed-rate preferred stocks. PFFD's portfolio includes baby bonds, mandatory convertibles, and floating-rate securities, offering yields ranging from 5.2% to nearly 8%. The fund maintains an average credit rating around Baa3, balancing moderate credit risk with attractive income potential.