IPPP vs. PFXF ETF Comparison

Comparison of Preferred-Plus ETF (IPPP) to Market Vectors Preferred Securities ex Financials ETF (PFXF)

IPPP

Preferred-Plus ETF

IPPP Description

The investment seeks to provide income. The fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in a portfolio of preferred securities issued by U.S. and non-U.S. companies. It may invest in preferred securities of all issuer capitalizations. The fund may also invest in publicly-traded partnerships (“PTPs”). The Advisor intends to maintain approximately 10% asset exposure to a credit spread options strategy, although market conditions may dictate additional exposure.

Grade (RS Rating)

Last Trade

$10.44

Average Daily Volume

1,747

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

PFXF

Market Vectors Preferred Securities ex Financials ETF

PFXF Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Wells Fargo® Hybrid and Preferred Securities ex Financials Index (the "Preferred Securities Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Preferred Securities Index is comprised of convertible or exchangeable and non-convertible preferred securities listed on U.S. exchanges. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.21

Average Daily Volume

548,266

Number of Holdings ^*

28

* may have additional holdings in another (foreign) market

Performance

Period	IPPP	PFXF
30 Days	3.41%	3.60%
60 Days	6.56%	7.15%
90 Days	6.87%	6.42%
12 Months	25.53%	19.51%

8 Overlapping Holdings

	Symbol	Grade	Weight in IPPP	Weight in PFXF	Overlap
	AGNC	C	1.37%	1.21%	1.21%
	AQNB	C	1.25%	0.77%	0.77%
	CMSD	B	0.59%	1.34%	0.59%
	SOJD	C	0.57%	2.05%	0.57%
	SREA	A	1.18%	1.59%	1.18%
	T	A	0.97%	3.2%	0.97%
	TBC	B	0.59%	1.77%	0.59%
	UZE	B	1.28%	0.94%	0.94%

IPPP Overweight 4 Positions Relative to PFXF

	Symbol	Grade	Weight
	WTFCP	A	1.22%
	NRUC	B	0.99%
	PRS	B	0.57%
	RZB	A	0.56%

IPPP Underweight 20 Positions Relative to PFXF

	Symbol	Grade	Weight
	NEE	A	-3.9%
	TBB	A	-2.76%
	CHSCO	B	-1.24%
	QRTEP	B	-1.17%
	CHSCL	A	-1.14%
	CHSCM	B	-1.08%
	DUKB	B	-1.06%
	BPYPM	C	-1.03%
	SOJC	B	-0.95%
	CTDD	C	-0.94%
	CHSCN	C	-0.93%
	DTW	A	-0.84%
	EAI	A	-0.8%
	CHSCP	B	-0.79%
	AGNCN	A	-0.71%
	CMSC	A	-0.59%
	GPJA	D	-0.57%
	ELC	A	-0.53%
	EMP	A	-0.51%
	TVC	B	-0.5%

IPPP: Top Represented Industries & Keywords

Industries: Other Banks - Regional REIT - Residential Telecom Services

Keywords: Electricity Mortgage Backed Security Natural Gas Natural Gas Distribution American Capital Asset Management Bank Banking Batteries Battery Charger Bond Insurance Broadband Commercial Banking Communication Services Critical Illness Customer Premises Equipment Data Communication Services Dial Up Internet Access Digital Subscriber Line Disability

PFXF: Top Represented Industries & Keywords

Industries: Other Farm Products REIT - Residential Electric Utilities Internet Retail Telecom Services Utilities - Regulated Electric

Keywords: Electricity Natural Gas Agribusiness Agriculture Ammonia Animal Feed Animal Health Animal Health Products Crop Protection Products Crude Oil Diesel Fuel Energy Products Energy Resources Flour Food Products Health Products Maize Nitrogen Products Petroleum Products Petroleum Refiner