IPPP

Preferred-Plus ETF
*Unless otherwise stated, data provided by FactSet.

IPPP Fund Description

IPPP provides exposure by holding preferred securities issued by US and non-US companies, with a 10% exposure to the S&P 500 ETF using a credit spread options strategy.

IPPP Factset Analytics Insight

IPPP seeks to provide income by investing in a variety of preferred securities issued by US and non-US companies, namely traditional, hybrid, floating-rate, and convertible preferred securities. The fund will invest a substantial portion of its assets in securities from the financial sector, but may also invest in other sectors, with no limit regarding market-cap, credit quality, and maturity. The fund adviser selects securities it believes are undervalued by evaluating issuers on their fundamental characteristics, credit worthiness, corporate and capital structures. Prevailing market factors are also considered by the adviser. IPPP’s strategy also includes an options overlay feature, which intends to achieve a credit spread on an S&P 500 ETF or Index by selling/writing an OTM short put option each month while purchasing an OTM long put option below the short option position. Prior to March 7, 2022, IPPP operated as a mutual fund (ticker: IPPPX) with $12.9 million in assets.

PERFORMANCE [as of 07/05/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
IPPP -- -- -- -- -- -- --
IPPP (NAV) -7.06% -11.23% -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IPPP Summary Data

03/07/22
Open-Ended Fund
0.90%
$12.33M
$7.36K
1.39%

IPPP Portfolio Data

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N/A
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IPPP Index Data

No Underlying Index
Proprietary
Proprietary
N/A

IPPP Portfolio Management

0.90%
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IPPP Tax Exposures

20.00% / 39.60%
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Ordinary income
No

IPPP Fund Structure

Open-Ended Fund
No
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N/A
N/A
Low
Daily

IPPP Factset Analytics Block Liquidity

As of 07/06/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of IPPP. IPPP is rated a N/A out of 5.

IPPP Tradability

733
$7.36K
50
0
1.39%
$0.14
0.04%
1.62% / -0.92%
None
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25,000
0.00
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0.49%
0
$9.88
N/A

IPPP Sector/Industry Breakdown


IPPP
Segment Benchmark
79.49%
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5.88%
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4.24%
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2.99%
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2.76%
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2.23%
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2.12%
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1.64%
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0.31%
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-1.65%
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IPPP Top 10 Holdings[View All]

3.21%
2.77%
2.22%
2.16%
2.14%
1.95%
1.50%
1.50%
1.49%
20.58%

IPPP Performance Statistics

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IPPP Holdings Statistics

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IPPP Avg Life Maturity Distribution

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IPPP OAS Breakdown

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Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.