VRP vs. QPFF ETF Comparison

Comparison of PowerShares Variable Rate Preferred Portfolio (VRP) to American Century Quality Preferred ETF (QPFF)

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

$24.40

Average Daily Volume

312,026

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QPFF

American Century Quality Preferred ETF

QPFF Description

The investment seeks current income and capital appreciation. Under normal market conditions, the portfolio managers will invest at least 80% of the fund's net assets, plus any borrowings for investment purposes, in preferred securities issued by U.S. and non-U.S. companies. Preferred securities in which the fund may invest include preferred stock, hybrid preferred securities that have characteristics similar to both preferred stock and debt securities, floating rate preferred securities, junior subordinated debt, senior unsecured debt obligations denominated in $25 par amounts, re-packaged preferreds, and convertible securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.41

Average Daily Volume

12,332

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRP	QPFF
30 Days	1.00%	-0.81%
60 Days	0.72%	-1.42%
90 Days	2.38%	2.40%
12 Months	15.71%	12.88%

4 Overlapping Holdings

Symbol	Grade	Weight in VRP	Weight in QPFF	Overlap
AGNC	D	0.26%	0.5%	0.26%
RZB	C	0.18%	0.64%	0.18%
TVC	C	0.11%	0.37%	0.11%
TVE	C	0.08%	1.7%	0.08%

VRP Overweight 14 Positions Relative to QPFF

Symbol	Grade	Weight
CHSCM	D	0.22%
FITBI	C	0.21%
CHSCN	D	0.19%
AQNB	C	0.16%
AGNCN	B	0.15%
ESGRP	D	0.15%
WTFCP	A	0.13%
NYMTM	B	0.08%
ZIONO	D	0.07%
WTFCM	B	0.06%
NYMTL	A	0.06%
NYMTN	D	0.06%
VLYPO	B	0.05%
VLYPP	A	0.05%

VRP Underweight 10 Positions Relative to QPFF

Symbol	Grade	Weight
NEE	D	-3.66%
MGR	D	-2.28%
TBB	C	-1.74%
T	A	-1.13%
AIZN	D	-0.55%
ACGLO	C	-0.51%
AFGD	C	-0.37%
AFGC	C	-0.37%
SFB	D	-0.37%
FCNCO	D	-0.27%