IPPP
Preferred-Plus ETF
ICE BofA Core + Fxd Rate Pref TR USD
NAV as of
4 Week: 8.42 - 9.78
52 Week: 8.42 - 11.28
Latest Closing Price
8.77
Premium / Discount
-0.09
Expense Ratio
1.06%
Investment Objective
The investment seeks to provide income. 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.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 0.13 | 1.74 | 0.07 |
| 1 Day | 1.03 | 0.00 | 0.00 |
| 1 Week | 2.67 | 3.56 | 0.75 |
| 1 Month | -8.31 | 10.84 | -0.77 |
| 3 Months | 0.13 | 13.78 | 0.01 |
| 6 Months | -3.37 | 18.28 | -0.18 |
| 1 Year | -21.29 | 23.07 | -0.92 |
| 2 Years | 0.00 | 0.00 | 0.00 |
| 3 Years | 0.00 | 0.00 | 0.00 |
| 5 Years | 0.00 | 0.00 | 0.00 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 19.7675 | 9.0504 | 7.7413 | -22.5179 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 17.0000 | 1.0000 | 18.0000 | 97.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 27/03/2023 | 29/03/2023 | 0.1581 |
| 26/12/2022 | 28/12/2022 | 0.0960 |
| 26/09/2022 | 28/09/2022 | 0.1406 |
| 26/06/2022 | 28/06/2022 | 0.1479 |
| 27/02/2022 | 27/03/2022 | 0.0482 |
Portfolio Data
Total Number of Holdings: 106
Number of Bond Holdings: 0
Number of Equity Holdings: 2
Total Market Value: 12,685,944
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | Citigroup Inc Deposit Shs Repr 1/1000th 6 7/8 % No | 2.2259 | 10,643 | 0 | 273,133 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 5.69 |
| Large | 4.06 |
| Medium | 1.69 |
| Small | 0.01 |
| Micro | 0.00 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
8.7047
Price/Book*
1.0423
Price/Sales*
2.4722
Price/Cash Flow*
0.0000
Dividend Yield*
3.6430
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
25.7613
Sales Growth
25.3951
Cash-Flow Growth
0.0000
Book-Value Growth
5.1123
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
0
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 0 |
| Average Effective Maturity (Years)* | 0 |
| Average Credit Quality | 13.00 |
| Average Weighted Coupon* | 5.80 |
| Average Weighted Price* | 0 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 0.00 |
| AA | 0.00 |
| A | 1.00 |
| BBB | 48.00 |
| BB | 33.00 |
| B | 9.00 |
| Below B | 0.00 |
| Not Rated | 9.00 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 0.02 |
| 3 to 5 Years | 0.04 |
| 5 to 7 Years | 0.00 |
| 7 to 10 Years | 0.00 |
| 10 to 15 Years | 0.00 |
| 15 to 20 Years | 0.00 |
| 20 to 30 Years | 0.03 |
| Over 30 Years | 0.02 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.00 |
| 183 to 364 Days | 0.00 |
Data Source: Morningstar
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(3) do not constitute investment advice;
(4) are provided solely for informational purposes;
(5) are not warranted to be complete, accurate or timely; and
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Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
For the most up-to-date fund’s data and information, a copy of the fund factsheet, information or prospectus may be obtained from the respective ETF issuer.
