IPPP vs. PFFD ETF Comparison

Comparison of Preferred-Plus ETF (IPPP) to Global X U.S. Preferred ETF (PFFD)

IPPP

Preferred-Plus ETF

IPPP Description

The investment seeks to provide income. The fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in a portfolio of preferred securities issued by U.S. and non-U.S. companies. It may invest in preferred securities of all issuer capitalizations. The fund may also invest in publicly-traded partnerships (“PTPs”). The Advisor intends to maintain approximately 10% asset exposure to a credit spread options strategy, although market conditions may dictate additional exposure.

Grade (RS Rating)

Last Trade

$10.32

Average Daily Volume

1,224

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFFD

Global X U.S. Preferred ETF

PFFD Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofA Diversified Core U.S. Preferred Securities Index. The fund invests at least 80% of its total assets in the securities of its underlying index. It also invests at least 80% of its total assets in preferred securities that are domiciled in, principally traded in or whose revenues are primarily from the U.S. The underlying index is designed to track the broad-based performance of the U.S. preferred securities market.

Grade (RS Rating)

Last Trade

$20.30

Average Daily Volume

678,719

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPPP	PFFD
30 Days	-1.46%	-1.77%
60 Days	-1.73%	-2.08%
90 Days	2.30%	1.89%
12 Months	17.85%	15.21%

10 Overlapping Holdings

Symbol	Grade	Weight in IPPP	Weight in PFFD	Overlap
AQNB	C	1.26%	0.28%	0.28%
CMSD	C	0.6%	0.52%	0.52%
NRUC	D	0.97%	0.21%	0.21%
PRS	C	0.57%	0.45%	0.45%
RZB	C	0.57%	0.33%	0.33%
SOJD	D	0.54%	0.73%	0.54%
SREA	D	1.18%	0.61%	0.61%
T	A	0.93%	1.16%	0.93%
TBC	C	0.58%	0.65%	0.58%
UZE	B	1.35%	0.38%	0.38%

IPPP Overweight 2 Positions Relative to PFFD

	Symbol	Grade	Weight
	AGNC	C	1.41%
	WTFCP	A	1.24%

IPPP Underweight 25 Positions Relative to PFFD

Symbol	Grade	Weight
TBB	C	-1.01%
RZC	C	-0.62%
BAC	A	-0.61%
DUKB	D	-0.41%
QRTEP	F	-0.41%
CTDD	B	-0.39%
BPYPM	D	-0.38%
FITBI	B	-0.38%
SOJC	D	-0.35%
PFH	D	-0.33%
DTW	D	-0.31%
ESGRP	D	-0.28%
UNMA	C	-0.25%
ACGLO	D	-0.24%
CMSC	C	-0.23%
MGR	D	-0.22%
GPJA	D	-0.21%
OZKAP	D	-0.21%
TVC	C	-0.19%
AIZN	D	-0.18%
SFB	D	-0.17%
FCNCO	C	-0.14%
BPYPO	D	-0.13%
ZIONO	D	-0.11%
BPYPP	D	-0.1%

IPPP: Top Represented Industries & Keywords

Industries: Other Banks - Regional REIT - Residential Telecom Services