VRP vs. FPE ETF Comparison

Comparison of PowerShares Variable Rate Preferred Portfolio (VRP) to First Trust Preferred Securities and Income ETF ETF (FPE)

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

288,902

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPE

First Trust Preferred Securities and Income ETF ETF

FPE Description

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.87

Average Daily Volume

1,157,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRP	FPE
30 Days	0.17%	-1.15%
60 Days	1.78%	1.54%
90 Days	4.24%	3.47%
12 Months	17.62%	19.25%

4 Overlapping Holdings

Symbol	Grade	Weight in VRP	Weight in FPE	Overlap
AGNC	D	0.24%	0.01%	0.01%
AQNB	A	0.16%	0.46%	0.16%
CHSCM	B	0.22%	0.13%	0.13%
WTFCP	A	0.13%	0.18%	0.13%

VRP Overweight 14 Positions Relative to FPE

Symbol	Grade	Weight
FITBI	A	0.2%
CHSCN	A	0.19%
RZB	C	0.18%
ESGRP	B	0.15%
AGNCN	A	0.14%
TVC	C	0.1%
NYMTM	A	0.08%
TVE	C	0.08%
NYMTN	A	0.06%
ZIONO	A	0.06%
VLYPP	B	0.05%
WTFCM	A	0.05%
NYMTL	A	0.05%
VLYPO	C	0.04%

VRP Underweight 13 Positions Relative to FPE

Symbol	Grade	Weight
USFR	A	-1.21%
UZE	B	-0.47%
BPYPN	B	-0.38%
BIL	A	-0.33%
BPYPO	B	-0.32%
SREA	A	-0.2%
AIZN	C	-0.2%
T	A	-0.18%
CMSC	C	-0.17%
CMSD	C	-0.11%
MGR	C	-0.05%
DTW	D	-0.03%
ACGLO	C	-0.0%