VRP vs. PFFD ETF Comparison

Comparison of PowerShares Variable Rate Preferred Portfolio (VRP) to Global X U.S. Preferred ETF (PFFD)

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

$24.35

Average Daily Volume

309,671

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFFD

Global X U.S. Preferred ETF

PFFD Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofA Diversified Core U.S. Preferred Securities Index. The fund invests at least 80% of its total assets in the securities of its underlying index. It also invests at least 80% of its total assets in preferred securities that are domiciled in, principally traded in or whose revenues are primarily from the U.S. The underlying index is designed to track the broad-based performance of the U.S. preferred securities market.

Grade (RS Rating)

Last Trade

$20.30

Average Daily Volume

678,719

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRP	PFFD
30 Days	0.26%	-1.77%
60 Days	0.47%	-2.08%
90 Days	2.17%	1.89%
12 Months	15.47%	15.21%

6 Overlapping Holdings

Symbol	Grade	Weight in VRP	Weight in PFFD	Overlap
AQNB	C	0.16%	0.28%	0.16%
ESGRP	D	0.15%	0.28%	0.15%
FITBI	B	0.21%	0.38%	0.21%
RZB	C	0.18%	0.33%	0.18%
TVC	C	0.11%	0.19%	0.11%
ZIONO	D	0.07%	0.11%	0.07%

VRP Overweight 12 Positions Relative to PFFD

Symbol	Grade	Weight
AGNC	C	0.26%
CHSCM	D	0.22%
CHSCN	D	0.19%
AGNCN	A	0.15%
WTFCP	A	0.13%
NYMTM	A	0.08%
TVE	C	0.08%
WTFCM	A	0.06%
NYMTL	A	0.06%
NYMTN	D	0.06%
VLYPO	B	0.05%
VLYPP	A	0.05%

VRP Underweight 29 Positions Relative to PFFD

Symbol	Grade	Weight
T	A	-1.16%
TBB	C	-1.01%
SOJD	D	-0.73%
TBC	C	-0.65%
RZC	C	-0.62%
SREA	D	-0.61%
BAC	A	-0.61%
CMSD	C	-0.52%
PRS	C	-0.45%
DUKB	D	-0.41%
QRTEP	F	-0.41%
CTDD	B	-0.39%
BPYPM	D	-0.38%
UZE	B	-0.38%
SOJC	D	-0.35%
PFH	D	-0.33%
DTW	D	-0.31%
UNMA	C	-0.25%
ACGLO	D	-0.24%
CMSC	C	-0.23%
MGR	D	-0.22%
GPJA	D	-0.21%
NRUC	D	-0.21%
OZKAP	D	-0.21%
AIZN	D	-0.18%
SFB	D	-0.17%
FCNCO	C	-0.14%
BPYPO	D	-0.13%
BPYPP	D	-0.1%