PFFV: Still Retaining Appeal As A Cautious Allocation
The Global X Variable Rate Preferred ETF (PFFV) continues to attract cautious investors due to its appealing yield. It offers approximately a 7% SEC yield, with a significant portion of its distributions classified as qualified dividends. The ETF's portfolio is primarily focused on financials and includes a notable percentage of unrated holdings.
- ▪PFFV offers an impressive ~7% SEC yield.
- ▪Over 75% of its distributions are qualified dividends, making it attractive for high-tax-bracket investors.
- ▪The portfolio is heavily concentrated in financials, accounting for about 90% of its holdings.
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