IPPP vs. VRP ETF Comparison
Comparison of Preferred-Plus ETF (IPPP) to PowerShares Variable Rate Preferred Portfolio (VRP)
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
$10.41
Average Daily Volume
1,232
12
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 Fargo® 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
18
Performance
| Period | IPPP | VRP |
|---|---|---|
| 30 Days | 0.15% | 1.00% |
| 60 Days | -1.04% | 0.72% |
| 90 Days | 3.16% | 2.38% |
| 12 Months | 18.84% | 15.71% |
IPPP: Top Represented Industries & Keywords
VRP: Top Represented Industries & Keywords
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