PFF vs. PFLD ETF Comparison

Comparison of iShares US Preferred Stock ETF (PFF) to AAM Low Duration Preferred and Income Securities ETF (PFLD)

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

$32.64

Average Daily Volume

3,786,026

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

PFLD

AAM Low Duration Preferred and Income Securities ETF

PFLD Description

The investment seeks to track the total return performance, before fees and expenses, of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. The index measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (NYSE) or NASDAQ Capital Market (NASDAQ) with an option-adjusted duration of less than 5 years. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index.

Grade (RS Rating)

Last Trade

$21.06

Average Daily Volume

133,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFF	PFLD
30 Days	-1.37%	-0.42%
60 Days	-1.53%	-1.21%
90 Days	2.37%	0.62%
12 Months	15.55%	8.92%

41 Overlapping Holdings

Symbol	Grade	Weight in PFF	Weight in PFLD	Overlap
AFGB	C	0.08%	0.19%	0.08%
AFGD	C	0.09%	0.23%	0.09%
AGNC	C	0.14%	0.89%	0.14%
AGNCN	A	0.21%	0.52%	0.21%
BAC	A	0.28%	0.69%	0.28%
BAC	A	0.06%	0.69%	0.06%
BPOPM	C	0.07%	0.16%	0.07%
CHSCL	B	0.33%	0.84%	0.33%
CHSCM	D	0.31%	0.78%	0.31%
CHSCN	D	0.27%	0.67%	0.27%
CMSA	C	0.12%	0.31%	0.12%
CMSC	C	0.17%	0.43%	0.17%
CMSD	C	0.38%	0.98%	0.38%
DDT	B	0.13%	0.32%	0.13%
DUKB	D	0.31%	0.78%	0.31%
ENO	D	0.07%	0.17%	0.07%
ESGRP	D	0.2%	0.53%	0.2%
FATBP	F	0.05%	0.11%	0.05%
FCNCO	C	0.12%	0.3%	0.12%
FITBI	B	0.29%	0.71%	0.29%
MGR	D	0.18%	0.45%	0.18%
NRUC	D	0.15%	0.38%	0.15%
NYMTL	A	0.08%	0.2%	0.08%
NYMTM	A	0.11%	0.28%	0.11%
NYMTN	D	0.08%	0.21%	0.08%
PRS	C	0.35%	0.87%	0.35%
QRTEP	F	0.32%	0.78%	0.32%
RILYN	C	0.06%	0.14%	0.06%
RZB	C	0.25%	0.62%	0.25%
SLMBP	C	0.12%	0.29%	0.12%
SOJC	D	0.27%	0.68%	0.27%
SREA	D	0.46%	1.17%	0.46%
TBB	C	0.79%	1.97%	0.79%
TBC	C	0.51%	1.27%	0.51%
TVE	C	0.12%	0.29%	0.12%
UNMA	C	0.19%	0.47%	0.19%
VLYPO	B	0.06%	0.15%	0.06%
VLYPP	A	0.07%	0.18%	0.07%
WTFCM	A	0.08%	0.19%	0.08%
WTFCP	A	0.18%	0.45%	0.18%
ZIONO	D	0.09%	0.23%	0.09%

PFF Overweight 186 Positions Relative to PFLD

Symbol	Grade	Weight
C	A	1.68%
ALB	B	1.35%
HPE	B	1.13%
NEE	C	1.08%
ARES	A	1.0%
T	A	0.88%
T	A	0.64%
DUK	C	0.62%
SOJD	D	0.55%
RZC	C	0.46%
NEE	C	0.42%
JPM	A	0.41%
APO	B	0.4%
MET	A	0.37%
JXN	C	0.37%
SO	C	0.37%
F	C	0.37%
CHSCO	B	0.36%
LNC	C	0.35%
WCC	B	0.35%
BTSG	C	0.35%
SYF	B	0.33%
BANC	B	0.32%
GTLS	A	0.32%
CTDD	B	0.31%
AXS	A	0.31%
SCHW	B	0.31%
WFC	A	0.31%
STT	B	0.31%
UZE	B	0.29%
USM	B	0.29%
BPYPM	D	0.28%
NLY	C	0.27%
TPG	A	0.26%
PFH	D	0.25%
MS	A	0.25%
KEY	B	0.25%
CFG	B	0.24%
CG	B	0.24%
KKR	A	0.24%
TDS	B	0.23%
PBI	B	0.23%
DTW	D	0.23%
FG	A	0.23%
HIG	B	0.22%
NTRS	A	0.22%
CHSCP	F	0.22%
EAI	D	0.22%
USB	A	0.21%
FCNCA	A	0.2%
RLJ	C	0.2%
ATHS	D	0.19%
ACGLO	D	0.19%
VOYA	B	0.19%
RF	A	0.19%
PRU	A	0.19%
UMH	B	0.18%
NGL	D	0.18%
KREF	C	0.17%
TCBI	C	0.16%
ALL	A	0.16%
MTB	A	0.16%
WAL	B	0.16%
TVC	C	0.15%
ELC	D	0.15%
BHF	C	0.15%
NAVI	F	0.15%
RNR	C	0.15%
SR	A	0.15%
GPJA	D	0.15%
OZKAP	D	0.15%
WAFD	B	0.14%
FBRT	D	0.14%
GL	C	0.14%
AIZN	D	0.14%
EQH	C	0.14%
HPP	F	0.14%
EMP	D	0.14%
PNFP	B	0.14%
DBRG	F	0.13%
SNV	C	0.13%
KMI	A	0.13%
NSA	C	0.13%
WRB	A	0.12%
EIX	B	0.12%
VNO	C	0.12%
GS	A	0.12%
SLG	B	0.12%
KIM	A	0.12%
FITB	B	0.12%
SFB	D	0.12%
SITC	D	0.11%
LBRDP	C	0.11%
AUB	B	0.11%
CMS	C	0.11%
DTE	C	0.11%
HWC	B	0.11%
AFGC	D	0.11%
DLR	B	0.11%
SIGI	C	0.1%
WSBC	B	0.1%
TRTX	C	0.1%
SPLP	D	0.1%
FULT	A	0.1%
AFGE	D	0.1%
RITM	C	0.1%
VLY	B	0.1%
DHC	F	0.1%
TFC	A	0.1%
SF	B	0.1%
HBAN	A	0.1%
CIM	D	0.09%
AMG	B	0.09%
KMPR	A	0.09%
GPMT	C	0.09%
CADE	B	0.09%
ARR	D	0.09%
AGNCL	B	0.09%
CION	C	0.09%
AHH	D	0.09%
BNRE.A	A	0.09%
BOH	B	0.08%
CFR	B	0.08%
QVCD	D	0.08%
ATLC	A	0.08%
TWO	F	0.08%
GAIN	B	0.08%
CTVA	C	0.08%
LANDO	C	0.08%
BC	C	0.08%
ARGD	C	0.08%
CNO	B	0.08%
FRT	B	0.08%
MBIN	F	0.08%
WBS	A	0.08%
ADC	A	0.08%
RILY	F	0.07%
PSA	C	0.07%
ACR	A	0.07%
AMH	C	0.07%
PCG	A	0.07%
CLDT	B	0.07%
IVR	F	0.07%
FCRX	A	0.07%
ABR	C	0.07%
CTO	B	0.07%
MHNC	C	0.07%
FTAI	A	0.07%
ONB	C	0.07%
PMT	C	0.07%
NEWT	C	0.07%
MFA	D	0.07%
HTLF	B	0.07%
REG	A	0.07%
NMFC	D	0.07%
MSBI	B	0.07%
DRH	B	0.07%
EQC	B	0.07%
TRIN	A	0.07%
FHN	A	0.07%
SNCR	F	0.07%
DX	B	0.07%
BFS	C	0.06%
PEB	D	0.06%
LXP	D	0.06%
COF	C	0.06%
CNOB	B	0.06%
PSEC	D	0.06%
CODI	B	0.06%
EFC	C	0.06%
EPR	C	0.06%
GNL	F	0.06%
BW	D	0.06%
SAR	A	0.06%
DCOMP	D	0.06%
MHLA	B	0.05%
CIO	C	0.05%
INN	D	0.05%
SHO	D	0.05%
FOSL	C	0.05%
ASB	B	0.05%
RC	D	0.05%
SLNHP	B	0.04%
OPI	F	0.04%
BHR	C	0.03%
XELAP	F	0.0%

PFF Underweight 1 Positions Relative to PFLD

	Symbol	Grade	Weight
	AQNB	C	-0.55%