Preferred-Plus ETF (IPPP)
| Assets | n/a |
| NAV | n/a |
| Expense Ratio | n/a |
| PE Ratio | n/a |
| Shares Out | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Ex-Dividend Date | n/a |
| 1-Year Return | -8.65% |
| Volume | 14 |
| Open | 10.01 |
| Previous Close | 10.04 |
| Day's Range | 10.01 - 10.04 |
| 52-Week Low | 10.01 |
| 52-Week High | 11.39 |
| Beta | n/a |
| Holdings | 107 |
| Inception Date | Dec 24, 2018 |
About IPPP
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.
Top 10 Holdings
20.62% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligs X | FGXXX | 5.74% |
| Athene Holding Ltd FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep | ATH V6.35 PERP A | 2.20% |
| JPMorgan Chase & Co Pfd | JPM 5.75 PERP DD | 1.88% |
| WESCO International Inc 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep Sh | WCC V10.625 PERP A | 1.64% |
| American Equity Investment Life Holding Company 5.95% | AEL V5.95 PERP A | 1.58% |
| Citigroup Inc Deposit Shs Repr 1/1000th 6 7/8 % Non-Cum Perp Pfd Shs Series | C V6.875 PERP K | 1.57% |
| American Equity Investment Life Holding Company 6.625% | AEL V6.625 PERP B | 1.55% |
| Synovus Financial Corp Pfd | SNV V5.875 PERP E | 1.50% |
| Synovus Financial Corp Pfd | SNV V6.3 PERP D | 1.49% |
| Brighthouse Financial Inc 6.75% PRF PERPETUAL USD 25 - Ser B 1/1000th int | BHF 6.75 PERP B | 1.47% |
News
JP Morgan Begins Converting 4 Mutual Funds To ETFs
A $1.1 billion inflation-managed fund is the first to convert.
Innovative Portfolios Converts 2 Mutual Funds to ETFs
Innovative Portfolios has converted two of its mutual funds to ETFs. The two ETFs, the Dividend Performers ETF (IPDP) and the Preferred-Plus ETF (IPPP), are listed on the Cboe BZX Exchange.
2 Income-Focused Mutual Funds Convert To ETFs
The funds hold nearly $29 million in assets.