Global X Variable Rate Preferred ETF owns preferred and related income securities whose payments can reset with rates. Those payments stand ahead of common dividends, but companies may call securities and credit can weaken.
Business
Preferred-securities ETF
Listing
PFFV · NYSE Arca
Reporting period
2026-05-31
Dividend schedule
Monthly
How the business works
Preferred dividends and interest after fund expenses become net investment income. Calls, company credit and changing preferred prices affect net asset value separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$1.52
Dec 1, 2024 to Nov 30, 2025
$0.00$1.52
Distribution yield8.15%Sourced distributions divided by dated market priceReported annual income yield6.73%Reported net investment income $1.5200 per share for 2024-12-01 to 2025-11-30, divided by approved 2025-11-28 market price $22.5800. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$1.52Per share for 2025 FY. Excludes investment gains.Trailing 12-month distributions$1.78Recorded recurring payments per share, not a forecast
Dividend payment history
Date or month
Per share
Sep 4, 2026
$0.13
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read PFFV income
Dividends and interest after fund expenses help explain the cash available for distributions. Gains and return of capital remain separate.
Watch payment suspensions, refinancing and any borrowing costs. Higher yields can come with greater credit or interest-rate risk.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Dividends and interest after fund expenses help explain the cash available for distributions. Gains and return of capital remain separate.
Fund net investment income per common share; actual reporting period, not annualized$0.7400
Total cash distributions in the same period$0.9800
$0.00$1.00
For the six months ended May 31, 2026, PFFV reported $0.74 of net investment income and $0.98 of distributions per share. Net asset value fell from $22.62 to $22.31. Income accounted for much of the cash; payment components and the modest capital decline belong in the review.
Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
Global X Variable Rate Preferred ETF reported $0.7400 per share for 2025-12-01 to 2026-05-31, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to preferred-company credit, financial-sector exposure and interest rates.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length preferred income and cash paid with company calls, credit, rate resets, payment components and net asset value.
Net asset value (NAV)
NAV per share$21.74Sep 29, 2026Market price$21.77Sep 29, 2026PREMIUM / DISCOUNT TO NAV0.14% premiumCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
Global X reported ETF NAV and market price, both dated 2026-09-29. The premium or discount is calculated from these two reported values. Older audited NAV history remains unchanged.
Compare the next like-length preferred income and cash paid with company calls, credit, rate resets, payment components and net asset value.
Loading current company feeds…
U.S. federal · Tax year 2025
Dividend tax treatment
The fund designated all 2025 distributions as ordinary dividends. The mix can change from year to year.
This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Ordinary, nonqualified
24.34%
Qualified dividends
75.66%
Capital-gain distributions
0%
Return of capital
0%
Tax year: 2025. Total distributions: $1.83 per share.
Tax details and source
Total ordinary dividends (includes qualified)
100%
Section 199A portion (within ordinary dividends)
13.68%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
