SPFF ETF

GlobalX SuperIncome Preferred ETF (SPFF) invests in some of the highest-yielding preferred stocks listed in the U.S. SPFF has lost about 60% in inflation-adjusted value and distribution since its inception. Moreover, it has underperformed a junk bond benchmark and shows higher risk metrics.

The Global X SuperIncome Preferred ETF is a fixed income ETF focused on financials preferred shares. SPFF is heavily concentrated in financials, with over 82% of holdings in the sector, and runs significant credit risk through its large BB bucket. With a 30-day SEC yield of only 5.8% now and high volatility, there are better options for yield and stability in the current market.

Global X SuperIncome™ Preferred ETF is invested in preferred stocks and features a distribution yield of 6.09%. The SPFF ETF is heavily concentrated in financial companies, with four major banks representing a large portion of its asset value. SPFF has consistently underperformed its competitors, making it an unappealing long-term investment.

SPFF, a high-yield preferred share ETF, has underperformed and carries significant risk due to its focus on highest yields. The fund primarily holds preferred shares in the financial sector, which can be risky during a severe recession. The current yield of SPFF has been reduced due to capital destruction, making it less attractive compared to other options.

Global X SuperIncome™ Preferred ETF is a preferred stocks fund with an attractive 6.5% yield. SPFF has lagged competitors since inception and also in 2023. It has lost about 40% in share price and 37% in distributions since inception.