PFLD vs. PGX ETF Comparison

Comparison of AAM Low Duration Preferred and Income Securities ETF (PFLD) to PowerShares Preferred Portfolio (PGX)

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

$21.13

Average Daily Volume

140,502

Number of Holdings ^*

* 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

$12.15

Average Daily Volume

3,103,938

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFLD	PGX
30 Days	0.47%	-1.19%
60 Days	0.95%	1.15%
90 Days	2.36%	5.83%
12 Months	8.96%	17.22%

21 Overlapping Holdings

Symbol	Grade	Weight in PFLD	Weight in PGX	Overlap
AFGB	B	0.18%	0.11%	0.11%
AFGD	A	0.22%	0.13%	0.13%
BPOPM	A	0.16%	0.03%	0.03%
CMSA	C	0.3%	0.18%	0.18%
CMSC	B	0.41%	0.25%	0.25%
CMSD	B	0.93%	0.57%	0.57%
DTW	D	0.58%	0.35%	0.35%
DUKB	C	0.74%	0.46%	0.46%
ENO	C	0.16%	0.21%	0.16%
ESGRP	C	0.5%	0.31%	0.31%
FCNCO	A	0.29%	0.17%	0.17%
GPJA	D	0.39%	0.23%	0.23%
MGR	B	0.45%	0.27%	0.27%
NRUC	C	0.37%	0.22%	0.22%
PRS	C	0.84%	0.52%	0.52%
RZB	B	0.6%	0.36%	0.36%
SOJC	D	0.65%	0.4%	0.4%
SREA	A	1.12%	0.68%	0.68%
TBB	C	1.91%	1.16%	1.16%
TBC	C	1.23%	0.74%	0.74%
UNMA	C	0.45%	0.27%	0.27%

PFLD Overweight 20 Positions Relative to PGX

Symbol	Grade	Weight
AGNC	D	0.84%
CHSCL	A	0.8%
QRTEP	F	0.76%
CHSCM	A	0.74%
FITBI	A	0.69%
CHSCN	A	0.64%
AQNB	A	0.54%
AGNCN	A	0.5%
WTFCP	A	0.43%
DDT	A	0.31%
SLMBP	C	0.28%
TVE	B	0.28%
NYMTM	A	0.27%
NYMTN	A	0.21%
WTFCM	A	0.19%
NYMTL	A	0.18%
VLYPP	A	0.17%
VLYPO	A	0.15%
RILYN	D	0.13%
FATBP	F	0.11%

PFLD Underweight 19 Positions Relative to PGX

Symbol	Grade	Weight
T	B	-1.32%
SOJD	C	-0.82%
RZC	A	-0.68%
BPYPM	B	-0.44%
UZE	A	-0.41%
CTDD	A	-0.39%
PFH	D	-0.36%
ACGLO	A	-0.28%
EAI	D	-0.24%
OZKAP	C	-0.24%
EMP	D	-0.22%
ELC	D	-0.22%
AIZN	A	-0.2%
SFB	D	-0.18%
AFGC	C	-0.17%
BPYPO	B	-0.15%
AFGE	D	-0.15%
BPYPN	B	-0.15%
BPYPP	B	-0.12%