PFFD Fees and Costs — Global X U.S. Preferred ETF
Data updated: 2026-07-29
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $694K in broker commissions, 0.0299% of average net assets, and portfolio turnover was 52%.
PFFD Fees and Expenses
Annual operating expenses and sales charges of PFFD. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PFFD Costs Over Time
On $10,000 invested in PFFD, assuming 5% a year before costs, total costs come to $165 over 5 years, cutting the return by 0.27% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,598 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
PFFD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0299%
- Total broker commissions: $694K
- Bought from dealers (principal trades, not a cost): $66.7M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $4.5M
- Net income from securities lending: $118K (0.005% of average net assets)
PFFD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $662K | 95.39% |
| WELLS FARGO | $22K | 3.13% |
| UBS SECURITIES LLC | $8K | 1.18% |
| MORGAN STANLEY & CO, INC | $2K | 0.28% |
| JEFFERIES LLC | $116 | 0.02% |
PFFD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $24.5M | 36.68% |
| MORGAN STANLEY & CO, INC | $21.8M | 32.64% |
| TD SECURITIES (USA) INC. | $12.0M | 17.96% |
| WELLS FARGO | $8.5M | 12.72% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.