Additionally, the Global X SuperIncome Preferred ETF (NYSEArca: SPFF) tries to reflect the performance of the S&P Enhanced Yield North American Preferred Stock Index, and comes with a 0.58% expense ratio and a 6.75% 12-month yield.
These broad preferred stock ETFs are heavy on the financial sector, which make up over 70% of the funds’ portfolio holdings.
Alternatively, the Market Vectors Preferred Securities ex Financials ETF (NYSEArca: PFXF) tries to reflect the performance of the Wells Fargo Hybrid and Preferred Securities ex Financials Index, which only follows non-financial preferred securities. Nevertheless, PFXF does include a 32.5% tilt toward real estate investment trusts and the rest of the portfolio is comprised of utilities, industrials, and consumer names. The fund has a 0.40% expense ratio and a 5.68% 12-month yield.
For international exposure the iShares S&P International Preferred Stock Index (NYSEArca: IPFF) tracks the performance of the S&P International Preferred Stock Index. IPFF is heavy on Canada 69.8%, followed by the U.K. 19.4%, Guernsey 4.9%, Singapore 2.8%, Ireland 1.6% and Sweden 1.0%. The fund has a 0.55% expense ratio and a 4.42% 12-month yield.
For more information on high-yield preferreds, visit our preferred stocks category.
Max Chen contributed to this article.