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ETFs

Preferred-Plus ETF

IPPP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 24 2018
Expense Ratio
0.85%
Type
Preferred
Fund Owner
Innovative Portfolios
Volume (1m avg. daily)
$21,608
AUM
$11,161,605
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
2.86%
C/PR/K
Citigroup Inc - FXDFR PRF PERPETUAL USD 25 - Ser K
2.41%
JPM/PR/D
JPMorgan Chase & Co. - 5.75% PRF PERPETUAL USD 25 - Dep 1/400th Ser DD
2.13%
ATH/PR/A
Athene Holding Ltd - FXDFR PRF PERPETUAL USD 25 - Ser A 1/1000 Int Dep
2.00%
SNV/PR/E
Synovus Financial Corp. - FXDFR PRF PERPETUAL USD 25 - Ser E
1.88%
WCC/PR/A
Wesco International, Inc. - 10.625% PRF PERPETUAL USD 25 - Ser A 1/1000 Dep Sh
1.80%
MS/PR/K
Morgan Stanley - FXDFR PRF PERPETUAL USD 25 - Ser K 1/1000 Sh
1.66%
AEL/PR/B
American Equity Investment Life Holding Co - FXDFR PRF PERPETUAL USD 25 - Ser B 1/1000th
1.61%
BHFAO
Brighthouse Financial Inc - 6.75% PRF PERPETUAL USD 25 - Ser B 1/1000th int
1.57%
ET/PR/E
Energy Transfer LP - FXDFR PRF PERPETUAL USD 25 - Ser E
1.56%
Invest with IPPP

What is IPPP?

The Fund's primary investment objective is to seek current income. The Fund invests in preferred equities and an S&P 500 index-based option overlay for additional income.

ETFs related toIPPP

ETFs correlated to IPPP include PFF, PFXF, PFFD

IPPP
Listed Funds Trust - Preferred-Plus ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
PFFV
Global X Funds - Global X Variable Rate Preferred ETF
SPFF
Global X Funds - Global X SuperIncome Preferred ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
SMOT
VanEck ETF Trust - VanEck Morningstar SMID Moat ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

IPPP is a Preferred ETF. The Fund's primary investment objective is to seek current income. The Fund invests in preferred equities and an S&P 500 index-based option overlay for additional income.

IPPP dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, IPPP is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, IPPP is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IPPP is -0.1185%. This is the percent change in the value of IPPP over the most recent 1-month period. The 3-month return on IPPP is -0.0624%. This is the percent change in the value of IPPP over the most recent 3-month period.

The standard deviation of IPPP for the past year is 0.2292%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IPPP include AOA, PSP, and AMJ.

ETFs correlated to IPPP include PFF, PFXF, and PFFD.

ETFs that are inversely correlated to IPPP include TZA, RWM, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.