PFFA vs. VRP ETF Comparison

Comparison of Virtus InfraCap U.S. Preferred Stock ETF (PFFA) to PowerShares Variable Rate Preferred Portfolio (VRP)

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

$22.38

Average Daily Volume

521,611

Number of Holdings ^*

* 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

301,627

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFFA	VRP
30 Days	-2.79%	0.16%
60 Days	-1.83%	0.37%
90 Days	4.04%	2.44%
12 Months	26.81%	15.50%

7 Overlapping Holdings

Symbol	Grade	Weight in PFFA	Weight in VRP	Overlap
ESGRP	D	0.0%	0.15%	0.0%
NYMTL	A	0.01%	0.06%	0.01%
NYMTM	A	1.57%	0.08%	0.08%
NYMTN	D	2.35%	0.06%	0.06%
VLYPO	B	0.38%	0.05%	0.05%
VLYPP	A	1.88%	0.05%	0.05%
WTFCP	A	0.03%	0.13%	0.03%

PFFA Overweight 15 Positions Relative to VRP

Symbol	Grade	Weight
SLMBP	D	2.96%
NEE	C	1.62%
CTDD	B	1.28%
UGI	C	0.87%
HTIBP	D	0.58%
LBRDP	D	0.32%
UZE	B	0.13%
OXLCO	A	0.12%
ATLCP	A	0.07%
OZKAP	D	0.04%
DCOMP	D	0.02%
XOMAP	C	0.02%
LANDO	C	0.02%
GTLS	A	0.0%
SREA	D	0.0%

PFFA Underweight 11 Positions Relative to VRP

Symbol	Grade	Weight
AGNC	C	-0.26%
CHSCM	D	-0.22%
FITBI	A	-0.21%
CHSCN	D	-0.19%
RZB	C	-0.18%
AQNB	C	-0.16%
AGNCN	A	-0.15%
TVC	C	-0.11%
TVE	C	-0.08%
ZIONO	D	-0.07%
WTFCM	A	-0.06%