PFF vs. IPPP ETF Comparison

Comparison of iShares US Preferred Stock ETF (PFF) to Preferred-Plus ETF (IPPP)
PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.66

Average Daily Volume

3,786,026

Number of Holdings *

227

* may have additional holdings in another (foreign) market
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

$10.32

Average Daily Volume

1,224

Number of Holdings *

12

* may have additional holdings in another (foreign) market
Performance
Period PFF IPPP
30 Days -1.37% -1.46%
60 Days -1.53% -1.73%
90 Days 2.37% 2.30%
12 Months 15.55% 17.85%
12 Overlapping Holdings
Symbol Grade Weight in PFF Weight in IPPP Overlap
AGNC C 0.14% 1.41% 0.14%
CMSD C 0.38% 0.6% 0.38%
NRUC D 0.15% 0.97% 0.15%
PRS C 0.35% 0.57% 0.35%
RZB C 0.25% 0.57% 0.25%
SOJD D 0.55% 0.54% 0.54%
SREA D 0.46% 1.18% 0.46%
T A 0.88% 0.93% 0.88%
T A 0.64% 0.93% 0.64%
TBC C 0.51% 0.58% 0.51%
UZE B 0.29% 1.35% 0.29%
WTFCP A 0.18% 1.24% 0.18%
PFF Overweight 215 Positions Relative to IPPP
Symbol Grade Weight
C A 1.68%
ALB B 1.35%
HPE B 1.13%
NEE C 1.08%
ARES A 1.0%
TBB C 0.79%
DUK C 0.62%
RZC C 0.46%
NEE C 0.42%
JPM A 0.41%
APO B 0.4%
MET A 0.37%
JXN C 0.37%
SO C 0.37%
F C 0.37%
CHSCO B 0.36%
LNC C 0.35%
WCC B 0.35%
BTSG C 0.35%
SYF B 0.33%
CHSCL B 0.33%
BANC B 0.32%
GTLS A 0.32%
QRTEP F 0.32%
CTDD B 0.31%
DUKB D 0.31%
CHSCM D 0.31%
AXS A 0.31%
SCHW B 0.31%
WFC A 0.31%
STT B 0.31%
USM B 0.29%
FITBI B 0.29%
BAC A 0.28%
BPYPM D 0.28%
NLY C 0.27%
CHSCN D 0.27%
SOJC D 0.27%
TPG A 0.26%
PFH D 0.25%
MS A 0.25%
KEY B 0.25%
CFG B 0.24%
CG B 0.24%
KKR A 0.24%
TDS B 0.23%
PBI B 0.23%
DTW D 0.23%
FG A 0.23%
HIG B 0.22%
NTRS A 0.22%
CHSCP F 0.22%
EAI D 0.22%
AGNCN A 0.21%
USB A 0.21%
FCNCA A 0.2%
RLJ C 0.2%
ESGRP D 0.2%
UNMA C 0.19%
ATHS D 0.19%
ACGLO D 0.19%
VOYA B 0.19%
RF A 0.19%
PRU A 0.19%
UMH B 0.18%
MGR D 0.18%
NGL D 0.18%
KREF C 0.17%
CMSC C 0.17%
TCBI C 0.16%
ALL A 0.16%
MTB A 0.16%
WAL B 0.16%
TVC C 0.15%
ELC D 0.15%
BHF C 0.15%
NAVI F 0.15%
RNR C 0.15%
SR A 0.15%
GPJA D 0.15%
OZKAP D 0.15%
WAFD B 0.14%
FBRT D 0.14%
GL C 0.14%
AIZN D 0.14%
EQH C 0.14%
HPP F 0.14%
EMP D 0.14%
PNFP B 0.14%
DBRG F 0.13%
SNV C 0.13%
DDT B 0.13%
KMI A 0.13%
NSA C 0.13%
WRB A 0.12%
TVE C 0.12%
EIX B 0.12%
SLMBP C 0.12%
VNO C 0.12%
GS A 0.12%
SLG B 0.12%
CMSA C 0.12%
KIM A 0.12%
FCNCO C 0.12%
FITB B 0.12%
SFB D 0.12%
SITC D 0.11%
LBRDP C 0.11%
AUB B 0.11%
CMS C 0.11%
DTE C 0.11%
HWC B 0.11%
AFGC D 0.11%
DLR B 0.11%
NYMTM A 0.11%
SIGI C 0.1%
WSBC B 0.1%
TRTX C 0.1%
SPLP D 0.1%
FULT A 0.1%
AFGE D 0.1%
RITM C 0.1%
VLY B 0.1%
DHC F 0.1%
TFC A 0.1%
SF B 0.1%
HBAN A 0.1%
CIM D 0.09%
AMG B 0.09%
KMPR A 0.09%
GPMT C 0.09%
CADE B 0.09%
ZIONO D 0.09%
ARR D 0.09%
AGNCL B 0.09%
AFGD C 0.09%
CION C 0.09%
AHH D 0.09%
BNRE.A A 0.09%
BOH B 0.08%
CFR B 0.08%
QVCD D 0.08%
ATLC A 0.08%
TWO F 0.08%
GAIN B 0.08%
CTVA C 0.08%
AFGB C 0.08%
LANDO C 0.08%
BC C 0.08%
NYMTL A 0.08%
ARGD C 0.08%
CNO B 0.08%
FRT B 0.08%
WTFCM A 0.08%
MBIN F 0.08%
WBS A 0.08%
NYMTN D 0.08%
ADC A 0.08%
RILY F 0.07%
PSA C 0.07%
ACR A 0.07%
ENO D 0.07%
AMH C 0.07%
BPOPM C 0.07%
PCG A 0.07%
CLDT B 0.07%
IVR F 0.07%
FCRX A 0.07%
ABR C 0.07%
CTO B 0.07%
MHNC C 0.07%
FTAI A 0.07%
ONB C 0.07%
PMT C 0.07%
VLYPP A 0.07%
NEWT C 0.07%
MFA D 0.07%
HTLF B 0.07%
REG A 0.07%
NMFC D 0.07%
MSBI B 0.07%
DRH B 0.07%
EQC B 0.07%
TRIN A 0.07%
FHN A 0.07%
SNCR F 0.07%
DX B 0.07%
RILYN C 0.06%
BFS C 0.06%
PEB D 0.06%
LXP D 0.06%
COF C 0.06%
CNOB B 0.06%
PSEC D 0.06%
CODI B 0.06%
VLYPO B 0.06%
EFC C 0.06%
EPR C 0.06%
GNL F 0.06%
BW D 0.06%
SAR A 0.06%
BAC A 0.06%
DCOMP D 0.06%
FATBP F 0.05%
MHLA B 0.05%
CIO C 0.05%
INN D 0.05%
SHO D 0.05%
FOSL C 0.05%
ASB B 0.05%
RC D 0.05%
SLNHP B 0.04%
OPI F 0.04%
BHR C 0.03%
XELAP F 0.0%
PFF Underweight 1 Positions Relative to IPPP
Symbol Grade Weight
AQNB C -1.26%
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