Preferred-Plus ETF

Frequently Asked Questions About IPPP

What does IPPP invest in?

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.

What is the expense ratio of IPPP?

Preferred-Plus ETF (IPPP) charges an expense ratio of 1.27%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IPPP?

Preferred-Plus ETF (IPPP) manages $11.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IPPP actively managed or an index fund?

IPPP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IPPP launched?

Preferred-Plus ETF (IPPP) launched in March 2022 and is managed by the fund issuer.

How has IPPP performed?

IPPP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.