IPPP vs. PFFV ETF Comparison

Comparison of Preferred-Plus ETF (IPPP) to Global X Variable Rate Preferred ETF (PFFV)

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

$9.70

Average Daily Volume

11,801

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFFV

Global X Variable Rate Preferred ETF

PFFV Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE U.S. Variable Rate Preferred Securities Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to track the broad-based performance of the U.S.-listed variable rate preferred securities market. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.48

Average Daily Volume

60,701

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPPP	PFFV
30 Days	-1.12%	-0.47%
60 Days	-0.72%	-0.84%
90 Days	-0.42%	-1.05%
12 Months	14.85%	8.45%

7 Overlapping Holdings

Symbol	Grade	Weight in IPPP	Weight in PFFV	Overlap
AGNC	C	1.41%	2.25%	1.41%
CHSCN	B	0.88%	1.71%	0.88%
ESGRP	C	1.32%	1.69%	1.32%
FITBI	A	0.39%	1.9%	0.39%
NSS	A	0.86%	1.56%	0.86%
RZB	A	0.61%	1.59%	0.61%
WTFCP	A	1.32%	1.18%	1.18%

IPPP Overweight 11 Positions Relative to PFFV

Symbol	Grade	Weight
AQNB	A	1.32%
SREA	C	1.25%
NRUC	A	1.07%
CHSCL	C	1.03%
T	B	0.98%
UZE	C	0.79%
UNMA	A	0.63%
CMSD	C	0.63%
TBC	D	0.61%
PRS	C	0.61%
SOJD	C	0.57%

IPPP Underweight 7 Positions Relative to PFFV

Symbol	Grade	Weight
RZC	A	-2.94%
AGNCN	A	-1.39%
SLMBP	A	-0.76%
TVE	C	-0.72%
ZIONO	A	-0.58%
VLYPP	A	-0.42%
VLYPO	A	-0.4%

IPPP: Top Represented Industries & Keywords

Industries: Other Farm Products Banks - Regional Banks - Regional - US Insurance - Diversified REIT - Residential Telecom Services