Positive
Seeking Alpha
4 months ago
PFFD ETF's Portfolio Breakdown: Attractive For Those Seeking Yield
Global X U.S. Preferred ETF offers diversified exposure to preferred securities, with a $2.28B portfolio and a low 0.23% expense ratio, appealing for income-focused investors. Yield opportunities exist: baby bonds below par yield 7.23%, mandatory convertibles yield 7.24%, and fixed-to-floating preferreds yield 8.15%. Despite modest 5-year returns, PFFD's credit quality and yield profile make it a reasonable choice for conservative income portfolios seeking stability.