VRP vs. JHPI ETF Comparison

Comparison of PowerShares Variable Rate Preferred Portfolio (VRP) to John Hancock Preferred Income ETF (JHPI)

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

$23.93

Average Daily Volume

408,547

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JHPI

John Hancock Preferred Income ETF

JHPI Description

Under normal market conditions, the fund invests at least 80% of its net assets in preferred stocks and other preferred securities. Preferred stocks and preferred securities include, but are not limited to, convertible preferred securities, corporate hybrid securities, trust preferred securities, cumulative and non-cumulative preferred stock, and depositary shares of preferred stock. The adviser will concentrate its investments in the group of industries that comprise the utilities and the communication sectors.

Grade (RS Rating)

Last Trade

$22.44

Average Daily Volume

10,256

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRP	JHPI
30 Days	1.10%	1.44%
60 Days	1.93%	1.18%
90 Days	3.04%	2.50%
12 Months	14.76%	13.35%

2 Overlapping Holdings

	Symbol	Grade	Weight in VRP	Weight in JHPI	Overlap
	AQNB	A	0.16%	1.53%	0.16%
	ESGRP	A	0.18%	0.44%	0.18%

VRP Overweight 17 Positions Relative to JHPI

Symbol	Grade	Weight
AGNC	A	0.25%
CHSCM	A	0.23%
FITBI	A	0.22%
CHSCN	A	0.2%
NSS	B	0.19%
RZB	A	0.19%
AGNCN	A	0.15%
WTFCP	A	0.13%
TVC	B	0.1%
NYMTM	A	0.08%
TVE	B	0.08%
ZIONO	B	0.07%
WTFCM	A	0.06%
NYMTN	B	0.06%
VLYPP	B	0.05%
NYMTL	C	0.05%
VLYPO	B	0.04%

VRP Underweight 12 Positions Relative to JHPI

Symbol	Grade	Weight
SREA	D	-1.29%
CMSD	A	-1.21%
AQNU	C	-1.1%
DTW	C	-0.86%
CMSA	C	-0.79%
UNMA	A	-0.61%
QRTEP	B	-0.58%
VZ	C	-0.51%
AFGC	D	-0.51%
UZE	B	-0.46%
NRUC	A	-0.21%
CMSC	A	-0.2%