PFLD vs. VRP ETF Comparison

Comparison of AAM Low Duration Preferred and Income Securities ETF (PFLD) to PowerShares Variable Rate Preferred Portfolio (VRP)

PFLD

AAM Low Duration Preferred and Income Securities ETF

PFLD Description

The investment seeks to track the total return performance, before fees and expenses, of the ICE 0-5 Year Duration Exchange-Listed Preferred & Hybrid Securities Index. The index measures the performance of exchange-listed, U.S. dollar-denominated preferred securities and hybrid securities listed on the New York Stock Exchange (NYSE) or NASDAQ Capital Market (NASDAQ) with an option-adjusted duration of less than 5 years. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index.

Grade (RS Rating)

Last Trade

$21.04

Average Daily Volume

134,312

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	PFLD	VRP
30 Days	-0.14%	1.00%
60 Days	-1.26%	0.72%
90 Days	0.52%	2.38%
12 Months	8.81%	15.71%

17 Overlapping Holdings

Symbol	Grade	Weight in PFLD	Weight in VRP	Overlap
AGNC	D	0.89%	0.26%	0.26%
AGNCN	B	0.52%	0.15%	0.15%
AQNB	C	0.56%	0.16%	0.16%
CHSCM	D	0.78%	0.22%	0.22%
CHSCN	D	0.67%	0.19%	0.19%
ESGRP	D	0.49%	0.15%	0.15%
FITBI	C	0.72%	0.21%	0.21%
NYMTL	A	0.2%	0.06%	0.06%
NYMTM	B	0.29%	0.08%	0.08%
NYMTN	D	0.22%	0.06%	0.06%
RZB	C	0.62%	0.18%	0.18%
TVE	C	0.29%	0.08%	0.08%
VLYPO	B	0.16%	0.05%	0.05%
VLYPP	A	0.18%	0.05%	0.05%
WTFCM	B	0.2%	0.06%	0.06%
WTFCP	A	0.45%	0.13%	0.13%
ZIONO	D	0.22%	0.07%	0.07%

PFLD Overweight 24 Positions Relative to VRP

Symbol	Grade	Weight
TBB	C	1.96%
TBC	C	1.29%
SREA	D	1.15%
CMSD	C	0.96%
PRS	B	0.86%
CHSCL	C	0.84%
QRTEP	F	0.78%
DUKB	C	0.77%
BAC	A	0.69%
SOJC	D	0.67%
UNMA	C	0.47%
MGR	D	0.45%
CMSC	C	0.43%
NRUC	D	0.37%
DDT	B	0.32%
CMSA	C	0.31%
SLMBP	C	0.29%
FCNCO	D	0.29%
AFGD	C	0.23%
AFGB	C	0.19%
ENO	D	0.16%
BPOPM	C	0.16%
RILYN	C	0.14%
FATBP	D	0.11%

PFLD Underweight 1 Positions Relative to VRP

	Symbol	Grade	Weight
	TVC	C	-0.11%