FPE vs. VRP ETF Comparison

Comparison of First Trust Preferred Securities and Income ETF ETF (FPE) to PowerShares Variable Rate Preferred Portfolio (VRP)

FPE

First Trust Preferred Securities and Income ETF ETF

FPE Description

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.81

Average Daily Volume

1,208,680

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

$24.40

Average Daily Volume

312,026

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPE	VRP
30 Days	-0.89%	1.00%
60 Days	-1.20%	0.72%
90 Days	1.08%	2.38%
12 Months	16.25%	15.71%

4 Overlapping Holdings

Symbol	Grade	Weight in FPE	Weight in VRP	Overlap
AGNC	D	0.01%	0.26%	0.01%
AQNB	C	0.46%	0.16%	0.16%
CHSCM	D	0.13%	0.22%	0.13%
WTFCP	A	0.18%	0.13%	0.13%

FPE Overweight 14 Positions Relative to VRP

Symbol	Grade	Weight
BIL	A	1.2%
USFR	A	1.19%
SHV	A	1.08%
UZE	B	0.52%
BPYPN	D	0.36%
BPYPO	C	0.31%
SREA	D	0.2%
AIZN	D	0.2%
T	A	0.18%
CMSC	C	0.16%
CMSD	C	0.11%
MGR	D	0.04%
DTW	D	0.03%
ACGLO	C	0.0%

FPE Underweight 14 Positions Relative to VRP

Symbol	Grade	Weight
FITBI	C	-0.21%
CHSCN	D	-0.19%
RZB	C	-0.18%
AGNCN	B	-0.15%
ESGRP	D	-0.15%
TVC	C	-0.11%
NYMTM	B	-0.08%
TVE	C	-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%