PFFA vs. PGX ETF Comparison

Comparison of Virtus InfraCap U.S. Preferred Stock ETF (PFFA) to PowerShares Preferred Portfolio (PGX)

PFFA

Virtus InfraCap U.S. Preferred Stock ETF

PFFA Description

The investment seeks current income and, secondarily, capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.55

Average Daily Volume

497,464

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PGX

PowerShares Preferred Portfolio

PGX Description

The PowerShares Preferred Portfolio is based on The BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moodyâs, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moodyâs, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

Grade (RS Rating)

Last Trade

$12.00

Average Daily Volume

3,066,911

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFFA	PGX
30 Days	-1.44%	-2.88%
60 Days	3.44%	1.06%
90 Days	6.25%	4.08%
12 Months	27.72%	17.59%

5 Overlapping Holdings

Symbol	Grade	Weight in PFFA	Weight in PGX	Overlap
CTDD	C	1.1%	0.39%	0.39%
ESGRP	B	0.0%	0.31%	0.0%
OZKAP	C	0.04%	0.24%	0.04%
SREA	A	0.0%	0.68%	0.0%
UZE	B	0.62%	0.41%	0.41%

PFFA Overweight 17 Positions Relative to PGX

Symbol	Grade	Weight
SLMBP	D	3.02%
NYMTN	A	2.39%
VLYPP	B	1.87%
NYMTM	A	1.57%
UGI	D	1.19%
HTIBP	B	0.59%
VLYPO	C	0.39%
NEE	D	0.19%
LBRDP	A	0.15%
OXLCO	A	0.12%
ATLCP	A	0.07%
WTFCP	A	0.03%
XOMAP	A	0.03%
DCOMP	A	0.02%
LANDO	D	0.02%
NYMTL	A	0.01%
GTLS	B	0.0%

PFFA Underweight 35 Positions Relative to PGX

Symbol	Grade	Weight
T	A	-1.32%
TBB	C	-1.16%
SOJD	D	-0.82%
TBC	D	-0.74%
RZC	A	-0.68%
CMSD	C	-0.57%
PRS	C	-0.52%
DUKB	C	-0.46%
BPYPM	B	-0.44%
SOJC	D	-0.4%
RZB	C	-0.36%
PFH	D	-0.36%
DTW	D	-0.35%
ACGLO	C	-0.28%
UNMA	D	-0.27%
MGR	C	-0.27%
CMSC	C	-0.25%
EAI	D	-0.24%
GPJA	D	-0.23%
EMP	D	-0.22%
ELC	D	-0.22%
NRUC	C	-0.22%
ENO	C	-0.21%
AIZN	C	-0.2%
CMSA	C	-0.18%
SFB	D	-0.18%
AFGC	C	-0.17%
FCNCO	C	-0.17%
BPYPO	B	-0.15%
AFGE	C	-0.15%
BPYPN	B	-0.15%
AFGD	C	-0.13%
BPYPP	C	-0.12%
AFGB	C	-0.11%
BPOPM	A	-0.03%