IPPP vs. PGX ETF Comparison
Comparison of Preferred-Plus ETF (IPPP) to PowerShares Preferred Portfolio (PGX)
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
$9.80
Average Daily Volume
11,915
18
PGX
PowerShares Preferred Portfolio
PGX Description
The PowerShares Preferred Portfolio is based on The BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moodyâs, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moodyâs, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.Grade (RS Rating)
Last Trade
$11.49
Average Daily Volume
3,852,166
43
Performance
| Period | IPPP | PGX |
|---|---|---|
| 30 Days | -1.21% | -2.48% |
| 60 Days | -0.10% | -3.31% |
| 90 Days | 0.61% | -1.12% |
| 12 Months | 20.26% | 11.27% |
12 Overlapping Holdings
| Symbol | Grade | Weight in IPPP | Weight in PGX | Overlap | |
|---|---|---|---|---|---|
| CMSD | C | 0.63% | 0.59% | 0.59% | |
| ESGRP | A | 1.32% | 0.4% | 0.4% | |
| NRUC | A | 1.06% | 0.24% | 0.24% | |
| PRS | C | 0.59% | 0.54% | 0.54% | |
| RZB | A | 0.61% | 0.38% | 0.38% | |
| SOJD | D | 0.56% | 0.85% | 0.56% | |
| SREA | C | 1.25% | 0.7% | 0.7% | |
| T | B | 0.97% | 1.34% | 0.97% | |
| TBC | C | 0.61% | 0.77% | 0.61% | |
| UNMA | A | 0.64% | 0.29% | 0.29% | |
| UZE | D | 0.8% | 0.35% | 0.35% | |
| WTFCP | A | 1.32% | 0.28% | 0.28% |
IPPP Underweight 31 Positions Relative to PGX
| Symbol | Grade | Weight | |
|---|---|---|---|
| TBB | D | -1.17% | |
| RZC | B | -0.73% | |
| DUKB | D | -0.46% | |
| SOJC | D | -0.41% | |
| BPYPM | B | -0.38% | |
| PFH | D | -0.38% | |
| DTW | D | -0.36% | |
| ACGLO | D | -0.29% | |
| CMSC | B | -0.27% | |
| MGR | D | -0.26% | |
| CTDD | F | -0.25% | |
| GPJA | D | -0.24% | |
| EAI | D | -0.24% | |
| OZKAP | B | -0.23% | |
| ELC | D | -0.22% | |
| EMP | D | -0.22% | |
| AIZN | D | -0.21% | |
| ENO | D | -0.21% | |
| CMSA | D | -0.19% | |
| SFB | C | -0.19% | |
| AFGC | D | -0.17% | |
| FCNCO | C | -0.16% | |
| AFGE | D | -0.15% | |
| BPYPO | B | -0.14% | |
| BPYPN | B | -0.14% | |
| AFGD | D | -0.13% | |
| WTFCM | A | -0.12% | |
| BPYPP | C | -0.11% | |
| AFGB | D | -0.11% | |
| VLYPP | A | -0.1% | |
| BPOPM | C | -0.03% |
IPPP: Top Represented Industries & Keywords
PGX: Top Represented Industries & Keywords
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