PFF vs. VRP ETF Comparison

Comparison of iShares US Preferred Stock ETF (PFF) to PowerShares Variable Rate Preferred Portfolio (VRP)

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

3,705,402

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

VRP

PowerShares Variable Rate Preferred Portfolio

VRP Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Wells FargoÂ® Hybrid and Preferred Securities Floating and Variable Rate Index. The index is a market capitalization-weighted index designed to track the performance of preferred stock, as well as certain types of "hybrid securities" that are functionally equivalent to preferred stocks, that are issued by US-based or foreign issuers and that pay a floating or variable rate dividend or coupon. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.34

Average Daily Volume

298,921

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFF	VRP
30 Days	-1.52%	0.20%
60 Days	-1.68%	0.41%
90 Days	2.21%	2.11%
12 Months	15.37%	15.40%

17 Overlapping Holdings

Symbol	Grade	Weight in PFF	Weight in VRP	Overlap
AGNC	C	0.14%	0.26%	0.14%
AGNCN	A	0.21%	0.15%	0.15%
CHSCM	D	0.31%	0.22%	0.22%
CHSCN	D	0.27%	0.19%	0.19%
ESGRP	D	0.2%	0.15%	0.15%
FITBI	B	0.29%	0.21%	0.21%
NYMTL	A	0.08%	0.06%	0.06%
NYMTM	A	0.11%	0.08%	0.08%
NYMTN	D	0.08%	0.06%	0.06%
RZB	C	0.25%	0.18%	0.18%
TVC	C	0.15%	0.11%	0.11%
TVE	C	0.12%	0.08%	0.08%
VLYPO	B	0.06%	0.05%	0.05%
VLYPP	A	0.07%	0.05%	0.05%
WTFCM	A	0.08%	0.06%	0.06%
WTFCP	A	0.18%	0.13%	0.13%
ZIONO	D	0.09%	0.07%	0.07%

PFF Overweight 210 Positions Relative to VRP

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%
TBB	C	0.79%
T	A	0.64%
DUK	C	0.62%
SOJD	D	0.55%
TBC	C	0.51%
SREA	D	0.46%
RZC	C	0.46%
NEE	C	0.42%
JPM	A	0.41%
APO	B	0.4%
CMSD	C	0.38%
MET	A	0.37%
JXN	C	0.37%
SO	C	0.37%
F	C	0.37%
CHSCO	B	0.36%
LNC	C	0.35%
PRS	C	0.35%
WCC	B	0.35%
BTSG	C	0.35%
SYF	B	0.33%
CHSCL	B	0.33%
BANC	B	0.32%
GTLS	A	0.32%
QRTEP	F	0.32%
CTDD	B	0.31%
DUKB	D	0.31%
AXS	A	0.31%
SCHW	B	0.31%
WFC	A	0.31%
STT	B	0.31%
UZE	A	0.29%
USM	B	0.29%
BAC	A	0.28%
BPYPM	D	0.28%
NLY	C	0.27%
SOJC	D	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	B	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%
UNMA	C	0.19%
ATHS	D	0.19%
ACGLO	D	0.19%
VOYA	B	0.19%
RF	A	0.19%
PRU	A	0.19%
UMH	B	0.18%
MGR	D	0.18%
NGL	D	0.18%
KREF	C	0.17%
CMSC	C	0.17%
TCBI	C	0.16%
ALL	A	0.16%
MTB	A	0.16%
WAL	B	0.16%
ELC	D	0.15%
BHF	C	0.15%
NRUC	D	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%
DDT	A	0.13%
KMI	A	0.13%
NSA	C	0.13%
WRB	A	0.12%
EIX	B	0.12%
SLMBP	C	0.12%
VNO	C	0.12%
GS	A	0.12%
SLG	B	0.12%
CMSA	C	0.12%
KIM	A	0.12%
FCNCO	C	0.12%
FITB	B	0.12%
SFB	D	0.12%
SITC	D	0.11%
LBRDP	D	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%
AFGD	C	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%
AFGB	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%
ENO	D	0.07%
AMH	C	0.07%
BPOPM	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%
RILYN	C	0.06%
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%
BAC	A	0.06%
DCOMP	D	0.06%
FATBP	F	0.05%
MHLA	B	0.05%
CIO	D	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 VRP

	Symbol	Grade	Weight
	AQNB	C	-0.16%