PFF vs. PGX ETF Comparison

Comparison of iShares US Preferred Stock ETF (PFF) to PowerShares Preferred Portfolio (PGX)

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

$32.59

Average Daily Volume

3,712,954

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

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

$12.02

Average Daily Volume

3,062,245

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFF	PGX
30 Days	-2.25%	-3.34%
60 Days	-0.76%	-2.11%
90 Days	3.62%	2.58%
12 Months	14.66%	14.50%

40 Overlapping Holdings

Symbol	Grade	Weight in PFF	Weight in PGX	Overlap
ACGLO	D	0.19%	0.28%	0.19%
AFGB	C	0.08%	0.11%	0.08%
AFGC	D	0.11%	0.17%	0.11%
AFGD	A	0.09%	0.14%	0.09%
AFGE	D	0.1%	0.15%	0.1%
AIZN	C	0.14%	0.21%	0.14%
BAC	A	0.06%	0.8%	0.06%
BAC	A	0.28%	0.8%	0.28%
BPOPM	A	0.07%	0.03%	0.03%
BPYPM	D	0.3%	0.41%	0.3%
CMSA	C	0.12%	0.18%	0.12%
CMSC	C	0.17%	0.26%	0.17%
CMSD	C	0.39%	0.58%	0.39%
CTDD	A	0.29%	0.45%	0.29%
DTW	D	0.23%	0.35%	0.23%
DUKB	C	0.31%	0.46%	0.31%
EAI	D	0.23%	0.23%	0.23%
ELC	D	0.15%	0.21%	0.15%
EMP	D	0.15%	0.21%	0.15%
ENO	C	0.07%	0.21%	0.07%
ESGRP	D	0.21%	0.31%	0.21%
FCNCO	C	0.12%	0.17%	0.12%
GPJA	D	0.16%	0.23%	0.16%
MGR	D	0.18%	0.27%	0.18%
NRUC	D	0.15%	0.22%	0.15%
OZKAP	D	0.16%	0.23%	0.16%
PFH	D	0.25%	0.36%	0.25%
PRS	C	0.35%	0.51%	0.35%
RZB	C	0.25%	0.36%	0.25%
RZC	A	0.46%	0.69%	0.46%
SFB	D	0.13%	0.18%	0.13%
SOJC	C	0.27%	0.4%	0.27%
SOJD	D	0.55%	0.81%	0.55%
SREA	C	0.47%	0.67%	0.47%
T	A	0.9%	1.31%	0.9%
T	A	0.65%	1.31%	0.65%
TBB	C	0.78%	1.16%	0.78%
TBC	C	0.51%	0.74%	0.51%
UNMA	C	0.19%	0.28%	0.19%
UZE	A	0.28%	0.42%	0.28%

PFF Overweight 187 Positions Relative to PGX

Symbol	Grade	Weight
C	A	1.68%
ALB	C	1.33%
HPE	B	1.15%
NEE	C	1.06%
ARES	B	0.99%
DUK	C	0.62%
NEE	C	0.42%
JPM	A	0.41%
APO	A	0.4%
SO	C	0.38%
JXN	B	0.37%
F	C	0.37%
CHSCO	C	0.36%
MET	A	0.36%
WCC	A	0.35%
LNC	A	0.35%
BTSG	A	0.34%
CHSCL	B	0.33%
SCHW	A	0.32%
SYF	A	0.32%
QRTEP	C	0.31%
CHSCM	C	0.31%
BANC	A	0.31%
WFC	A	0.31%
STT	A	0.31%
GTLS	A	0.31%
AXS	A	0.3%
FITBI	A	0.29%
USM	B	0.28%
CHSCN	C	0.27%
TPG	B	0.26%
NLY	C	0.26%
KKR	A	0.25%
MS	A	0.25%
KEY	A	0.25%
CFG	A	0.24%
CG	B	0.24%
CHSCP	D	0.23%
TDS	B	0.23%
FG	A	0.23%
USB	B	0.22%
NTRS	A	0.22%
PBI	C	0.22%
AGNCN	A	0.21%
HIG	C	0.21%
PRU	A	0.2%
ATHS	C	0.2%
RLJ	C	0.2%
FCNCA	A	0.2%
RF	A	0.19%
VOYA	A	0.19%
WTFCP	A	0.18%
UMH	C	0.18%
NGL	D	0.18%
KREF	D	0.17%
TCBI	A	0.16%
MTB	A	0.16%
WAL	A	0.16%
ALL	A	0.16%
HPP	F	0.15%
NAVI	D	0.15%
RNR	D	0.15%
BHF	A	0.15%
SR	A	0.15%
WAFD	A	0.14%
EQH	B	0.14%
PNFP	A	0.14%
AGNC	C	0.14%
GL	B	0.14%
TVC	C	0.14%
FBRT	C	0.14%
KIM	A	0.13%
SNV	A	0.13%
DBRG	D	0.13%
DDT	A	0.13%
KMI	A	0.13%
NSA	C	0.13%
WRB	A	0.12%
SLMBP	C	0.12%
EIX	C	0.12%
SLG	B	0.12%
GS	A	0.12%
VNO	B	0.12%
FITB	A	0.12%
HBAN	A	0.11%
SITC	D	0.11%
LBRDP	C	0.11%
AUB	A	0.11%
DHC	F	0.11%
HWC	A	0.11%
NYMTM	A	0.11%
CMS	C	0.11%
DTE	C	0.11%
DLR	A	0.11%
TVE	C	0.11%
WSBC	A	0.1%
SPLP	D	0.1%
FULT	A	0.1%
AHH	D	0.1%
SIGI	A	0.1%
RITM	C	0.1%
VLY	A	0.1%
SF	A	0.1%
TFC	A	0.1%
ADC	A	0.09%
CIM	D	0.09%
GPMT	C	0.09%
AMG	A	0.09%
KMPR	A	0.09%
CADE	A	0.09%
ARR	C	0.09%
AGNCL	A	0.09%
CION	D	0.09%
BNRE.A	A	0.09%
ZIONO	C	0.09%
TRTX	B	0.09%
ATLC	A	0.08%
CFR	A	0.08%
GAIN	A	0.08%
TWO	D	0.08%
FHN	A	0.08%
BOH	A	0.08%
QVCD	D	0.08%
NYMTL	A	0.08%
LANDO	D	0.08%
CTVA	D	0.08%
BC	D	0.08%
CNO	A	0.08%
WTFCM	A	0.08%
ARGD	D	0.08%
MBIN	D	0.08%
FRT	B	0.08%
NYMTN	C	0.08%
WBS	A	0.08%
EPR	D	0.07%
CLDT	C	0.07%
BW	C	0.07%
ACR	A	0.07%
PSA	C	0.07%
PCG	A	0.07%
AMH	C	0.07%
IVR	D	0.07%
FCRX	A	0.07%
DCOMP	C	0.07%
CTO	B	0.07%
RILY	F	0.07%
ABR	C	0.07%
VLYPP	A	0.07%
FTAI	A	0.07%
ONB	B	0.07%
NEWT	B	0.07%
PMT	D	0.07%
MFA	D	0.07%
HTLF	A	0.07%
MSBI	A	0.07%
NMFC	D	0.07%
TRIN	A	0.07%
DRH	B	0.07%
EQC	A	0.07%
MHNC	B	0.07%
REG	A	0.07%
DX	A	0.07%
SNCR	F	0.07%
RILYN	D	0.06%
BFS	C	0.06%
PEB	F	0.06%
LXP	D	0.06%
VLYPO	A	0.06%
GNL	D	0.06%
CNOB	A	0.06%
EFC	D	0.06%
CODI	A	0.06%
SAR	A	0.06%
COF	A	0.06%
PSEC	F	0.06%
FATBP	F	0.05%
MHLA	A	0.05%
CIO	F	0.05%
INN	D	0.05%
RC	F	0.05%
FOSL	B	0.05%
ASB	A	0.05%
SHO	D	0.05%
SLNHP	B	0.04%
OPI	F	0.04%
BHR	B	0.03%
XELAP	F	0.0%

PFF Underweight 3 Positions Relative to PGX

Symbol	Grade	Weight
BPYPO	C	-0.15%
BPYPN	C	-0.15%
BPYPP	D	-0.11%