PFF vs. PFFA ETF Comparison

Comparison of iShares US Preferred Stock ETF (PFF) to Virtus InfraCap U.S. Preferred Stock ETF (PFFA)

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.06

Average Daily Volume

3,433,733

Number of Holdings ^*

226

* may have additional holdings in another (foreign) market

PFFA

Virtus InfraCap U.S. Preferred Stock ETF

PFFA Description

The investment seeks current income and, secondarily, capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.76

Average Daily Volume

494,871

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFF	PFFA
30 Days	0.16%	-0.22%
60 Days	3.21%	3.84%
90 Days	6.60%	7.69%
12 Months	17.49%	28.24%

18 Overlapping Holdings

Symbol	Grade	Weight in PFF	Weight in PFFA	Overlap
CTDD	B	0.26%	1.1%	0.26%
DCOMP	B	0.07%	0.02%	0.02%
ESGRP	C	0.21%	0.0%	0.0%
GTLS	B	0.24%	0.0%	0.0%
LANDO	C	0.08%	0.02%	0.02%
LBRDP	C	0.11%	0.15%	0.11%
NEE	D	0.42%	0.19%	0.19%
NEE	D	1.1%	0.19%	0.19%
NYMTL	A	0.08%	0.01%	0.01%
NYMTM	A	0.11%	1.57%	0.11%
NYMTN	B	0.08%	2.39%	0.08%
OZKAP	C	0.17%	0.04%	0.04%
SLMBP	C	0.12%	3.02%	0.12%
SREA	A	0.46%	0.0%	0.0%
UZE	A	0.28%	0.62%	0.28%
VLYPO	B	0.06%	0.39%	0.06%
VLYPP	A	0.07%	1.87%	0.07%
WTFCP	A	0.18%	0.03%	0.03%

PFF Overweight 208 Positions Relative to PFFA

Symbol	Grade	Weight
C	B	1.68%
ALB	C	1.27%
HPE	B	1.07%
ARES	B	1.0%
T	B	0.89%
TBB	A	0.78%
T	B	0.64%
DUK	D	0.62%
SOJD	D	0.55%
TBC	C	0.5%
RZC	A	0.46%
JPM	B	0.42%
APO	A	0.4%
SO	C	0.38%
CMSD	A	0.38%
MET	C	0.37%
JXN	B	0.37%
F	F	0.37%
WCC	B	0.35%
LNC	B	0.35%
CHSCO	A	0.35%
PRS	A	0.35%
CHSCL	A	0.33%
SYF	A	0.32%
BANC	B	0.31%
CHSCM	C	0.31%
DUKB	A	0.31%
STT	A	0.31%
WFC	B	0.31%
SCHW	B	0.31%
QRTEP	F	0.3%
BPYPM	A	0.3%
AXS	B	0.3%
FITBI	A	0.29%
BTSG	A	0.28%
USM	C	0.28%
NLY	D	0.27%
SOJC	C	0.27%
CHSCN	A	0.27%
TPG	C	0.26%
RZB	C	0.25%
MS	B	0.25%
KEY	B	0.25%
PFH	D	0.25%
CFG	B	0.24%
CG	B	0.24%
KKR	B	0.24%
CHSCP	C	0.23%
EAI	D	0.23%
DTW	D	0.23%
FG	D	0.23%
NTRS	B	0.22%
PBI	A	0.22%
AGNCN	A	0.21%
TDS	B	0.21%
HIG	D	0.21%
USB	B	0.21%
PRU	C	0.2%
FCNCA	D	0.2%
RLJ	F	0.2%
RF	B	0.19%
ATHS	A	0.19%
VOYA	C	0.19%
ACGLO	A	0.19%
NGL	F	0.18%
UMH	D	0.18%
MGR	A	0.18%
UNMA	C	0.18%
CMSC	C	0.17%
KREF	C	0.17%
GPJA	F	0.16%
MTB	B	0.16%
ALL	D	0.16%
GL	C	0.15%
EMP	C	0.15%
FBRT	B	0.15%
NAVI	F	0.15%
RNR	B	0.15%
BHF	C	0.15%
ELC	D	0.15%
HPP	F	0.15%
WAL	C	0.15%
NRUC	C	0.15%
SR	D	0.15%
TCBI	B	0.15%
WAFD	D	0.14%
AIZN	A	0.14%
EQH	B	0.14%
PNFP	A	0.14%
TVC	A	0.14%
AGNC	D	0.14%
SFB	D	0.13%
SNV	B	0.13%
DBRG	D	0.13%
DDT	A	0.13%
NSA	D	0.13%
KMI	A	0.13%
DLR	B	0.12%
WRB	C	0.12%
EIX	D	0.12%
SLG	A	0.12%
CMSA	C	0.12%
FITB	B	0.12%
GS	B	0.12%
KIM	A	0.12%
FCNCO	D	0.12%
VNO	B	0.12%
SITC	F	0.11%
AUB	C	0.11%
DHC	F	0.11%
HWC	B	0.11%
AFGC	C	0.11%
CMS	C	0.11%
TVE	A	0.11%
DTE	D	0.11%
SPLP	F	0.1%
TRTX	B	0.1%
WSBC	B	0.1%
FULT	B	0.1%
SIGI	D	0.1%
AHH	D	0.1%
VLY	B	0.1%
RITM	F	0.1%
AFGE	D	0.1%
SF	B	0.1%
HBAN	B	0.1%
TFC	C	0.1%
GPMT	C	0.09%
CIM	D	0.09%
ADC	C	0.09%
AMG	C	0.09%
KMPR	B	0.09%
AFGD	B	0.09%
BNRE.A	A	0.09%
AGNCL	A	0.09%
ARR	D	0.09%
CADE	B	0.09%
ZIONO	A	0.09%
CION	D	0.09%
ATLC	B	0.08%
QVCD	B	0.08%
GAIN	B	0.08%
BOH	A	0.08%
FHN	B	0.08%
TWO	F	0.08%
AFGB	A	0.08%
CFR	B	0.08%
BC	C	0.08%
WTFCM	A	0.08%
MBIN	F	0.08%
ARGD	C	0.08%
FRT	C	0.08%
WBS	B	0.08%
CNO	B	0.08%
CTVA	A	0.08%
BW	C	0.07%
ENO	D	0.07%
PCG	B	0.07%
EPR	D	0.07%
ACR	C	0.07%
CLDT	F	0.07%
IVR	F	0.07%
FCRX	A	0.07%
BPOPM	A	0.07%
AMH	F	0.07%
PSA	D	0.07%
CTO	B	0.07%
ABR	B	0.07%
FTAI	B	0.07%
NEWT	B	0.07%
ONB	B	0.07%
HTLF	B	0.07%
PMT	D	0.07%
NMFC	F	0.07%
MFA	D	0.07%
TRIN	F	0.07%
MSBI	B	0.07%
EQC	D	0.07%
RILY	F	0.07%
MHNC	B	0.07%
DRH	B	0.07%
SNCR	D	0.07%
REG	B	0.07%
DX	C	0.07%
ASB	A	0.06%
CNOB	D	0.06%
BFS	C	0.06%
LXP	D	0.06%
PEB	F	0.06%
COF	A	0.06%
GNL	D	0.06%
RILYN	D	0.06%
SAR	C	0.06%
EFC	D	0.06%
PSEC	D	0.06%
BAC	B	0.06%
CODI	D	0.06%
FATBP	F	0.05%
OPI	F	0.05%
MHLA	A	0.05%
CIO	D	0.05%
INN	F	0.05%
FOSL	B	0.05%
SHO	B	0.05%
RC	F	0.05%
SLNHP	C	0.04%
BHR	D	0.03%
XELAP	F	0.0%

PFF Underweight 5 Positions Relative to PFFA

Symbol	Grade	Weight
UGI	F	-1.19%
HTIBP	B	-0.59%
OXLCO	A	-0.12%
ATLCP	B	-0.07%
XOMAP	B	-0.03%