Six monthly-paying ETFs — spanning global equities, U.S. preferred securities, financial-sector stocks and short-term corporate bonds — carry 30-day SEC yields from 5.2% to 11.69%, with combined net assets nearing $20 billion. The funds, managed by Global X, Invesco, BlackRock and Schwab, charge expense ratios between 0.45% and 2.59%, a gap that materially shapes net returns at comparable yield levels.
Fund Snapshot
| Ticker | Name | Net Assets | 30-Day SEC Yield | Expense Ratio |
|---|---|---|---|---|
| SDIV | Global X SuperDividend ETF | $765M | 5.20% | 0.58% |
| DIV | Global X SuperDividend U.S. ETF | $723M+ | 7.22% | 0.45% |
| PGX | Invesco Preferred ETF | $4.58B | 6.16% | 0.51% |
| KBWD | Invesco KBW High Dividend Yield Financial ETF | $427M | 11.69% | 2.59% |
| PFF | iShares Preferred and Income Securities ETF | $12.5B | 6.46% | 0.45% |
| SCHJ | Schwab 1-5 Year Corporate Bond ETF | $796M | — | — |
Global X Pair: Global Reach vs. Domestic Concentration
SDIV (NYSEARCA: SDIV) has paid monthly distributions for 11 consecutive years since its June 2011 inception, drawing from 100 high-dividend equities worldwide, with heavy concentration in U.S. and Brazilian financial and real estate names; top holdings include Yuexiu Property, CPFL Energia and Omega Healthcare. Its 12-month trailing yield is 5.88% and its index reconstitutes quarterly based on dividend-cut risk.
DIV (NYSEARCA: DIV), the domestic counterpart launched in March 2013, holds 50 U.S. equities with a 7.22% 30-day SEC yield and a 7% trailing yield at a 0.45% annual charge. Largest positions are Sabine Royalty Trust, Iron Mountain and Consolidated Edison, concentrated across financials, utilities, consumer staples and energy.
Preferred-Securities Funds: Scale and Cost Trade-Offs
BlackRock's PFF (NASDAQ: PFF), the largest fund here at $12.5 billion in net assets, holds roughly 500 U.S. preferred stocks and charges 0.45% annually for a 6.46% 30-day SEC yield. Core positions sit in Broadcom's preferred shares, alongside Wells Fargo, Nextera Energy and Bank of America.
Invesco's PGX (NYSEARCA: PGX) tracks the ICE BofAML Core Plus Fixed Rate Preferred Securities Index through roughly 300 holdings, mostly financials including Citigroup and Wells Fargo, delivering a 6.16% 30-day SEC yield at a 0.51% expense ratio on $4.58 billion in assets.
KBWD (NASDAQ: KBWD) posts the highest yield in this group — 11.69% on a 30-day SEC basis and 11.40% on a trailing 12-month basis — but carries the steepest expense ratio at 2.59%, more than five times PFF's annual charge. At least 90% of its $427 million in assets remain in publicly listed financial companies, including Chimera Investment, Orchid Island Capital and ARMOUR Residential REIT; the fund tracks the KBW Nasdaq Financial Sector Dividend Yield Index and rebalances quarterly.
Short-Duration Bond Anchor
SCHJ (NYSEARCA: SCHJ) targets U.S. corporate bond maturities of one to five years, with $796 million in net assets across 32.40 million shares outstanding. It delivers monthly income from the short end of the corporate yield curve without requiring investors to source and ladder individual bonds.