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SPFF: Chasing The Highest Yields In Preferreds Looks A Bad Idea
Seeking Alpha· 2026-02-09 21:17
The Global X SuperIncome Preferred ETF (SPFF) has lost 12% in price since my first "Sell" rating in 2022 and almost 5% since my latest one in November 2024. Distributions have kept total return in positive territory in both time frames, but they don’t offset inflation. This article renews my negative opinion with updated data. SPFF Strategy The ETF was launched on 07/16/2012 and tracks the Global X U.S. High Yield Preferred Index. It has 49 holdings, a 30-day SEC yield of 6.42%, and an expense ratio of 0.48 ...