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Elkhorn S&P High Quality Preferred ETF (EPRF)
Fund Details
Ticker
EPRF
Intraday NAV
EPRF.IV
CUSIP
287711501
ISIN
US2877115012
Inception
5/24/2016
Expense Ratio
0.47%
Exchange
Bats
Distribution Frequency
Monthly
Number of Holdings
107
 
 Fund Literature
 
Elkhorn Preferred ETF Switching Strategy
Sign up today to receive an email with a simple month end strategy evaluating changes in credit risk to help investors move between a high quality preferred ETF and a broad market preferred ETF.
 
Index Details
Rebalance Frequency
Quarterly
Weighting
Modified Equal
 
Trading Details
NAV
$24.07
Bid/Ask Midpoint
$24.07
Premium/Discount
$0.00 / 0.00%
Closing Price
$24.06
Volume
2,091
Shares Outstanding
500,002
Market Value
$12,034,980
As of 3/23/2017
The first high quality preferred ETF. Managing risk in preferreds.
The Elkhorn S&P High Quality Preferred ETF is based on the S&P U.S. High Quality Preferred Stock Index, which selects fixed-rate investment grade preferred issues (BBB- or higher) from U.S. listed preferred stocks and maintains an allocation of 75% to cumulative preferreds.
Top 10 Holdings
As of 3/23/2017
NameCouponS&P / Moody's RatingIndustry GroupWeight
Renaissancere Holdings Ltd5.375BBB+ / Baa2Insurance2.03%
Validus Holdings Ltd5.875BBB- / Baa3Insurance2.03%
Gabelli Dividend & Income Trust5.25NR / Aa3Insurance2.01%
US Bancorp5.15BBB / A3Banks2.00%
Duke Energy Corp5.125BBB / Baa2Utilities1.99%
Ventas Realty Lp/Cap Crp5.45BBB+ / Baa1Real Estate1.99%
Bank of New York Mellon5.2BBB / Baa1Diversified Financials1.98%
Charles Schwab Corp6BBB / Baa2Diversified Financials1.96%
Northern Trust Corp5.85BBB+ / Baa1Diversified Financials1.96%
PPL Capital Funding Inc5.9BBB / Baa3Utilities1.96%
Subject to change
Performance
As of 12/30/2016
  YTD 1 yr 3 yr 5 yr 10 yr Since Inception
Fund NAV - - - - - -4.86%
Fund Share Price - - - - - -4.80%
S&P U.S. High Quality Preferred Index - - - - - -4.44%
S&P U.S. Preferred Stock Index - - - - - -1.26%
Share price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. Returns less than one year are cumulative. Call 630.355.4676 for current month-end performance.
Industry Group Allocation
As of 3/23/2017
Industry Group
Weight
Insurance
31.29%
Real Estate
17.92%
Banks
17.39%
Diversified Financials
15.83%
Utilities
7.92%
Capital Goods
3.87%
Media
1.94%
Telecommunication Services
1.93%
Commercial & Professional Services
1.92%
Subject to change
Holdings
As of 3/23/2017 Export Holdings
NameCouponS&P / Moody's RatingIndustry GroupWeightMarket Value
Renaissancere Holdings Ltd5.375BBB+ / Baa2Insurance2.03%$242,480.49
Validus Holdings Ltd5.875BBB- / Baa3Insurance2.03%$242,452.00
Gabelli Dividend & Income Trust5.25NR / Aa3Insurance2.01%$240,307.40
US Bancorp5.15BBB / A3Banks2.00%$239,324.60
Duke Energy Corp5.125BBB / Baa2Utilities1.99%$238,116.96
Ventas Realty Lp/Cap Crp5.45BBB+ / Baa1Real Estate1.99%$237,416.00
Bank of New York Mellon5.2BBB / Baa1Diversified Financials1.98%$237,019.30
Charles Schwab Corp6BBB / Baa2Diversified Financials1.96%$234,768.42
Northern Trust Corp5.85BBB+ / Baa1Diversified Financials1.96%$234,616.56
PPL Capital Funding Inc5.9BBB / Baa3Utilities1.96%$234,419.78
Aflac Inc5.5BBB / Baa1Insurance1.96%$234,342.69
PNC Financial Services5.375BBB- / Baa2Banks1.96%$234,012.80
Equity Commonwealth5.75BBB- / Baa3Real Estate1.96%$233,968.55
Boston Properties Inc5.25BBB / Baa3Real Estate1.96%$233,685.48
Ares Management7NR / NRDiversified Financials1.95%$233,376.00
Endurance Specialty Holdings6.35BBB- / Baa3Insurance1.95%$232,676.10
Commerce Bancshares Inc6BBB- / Baa1Banks1.95%$232,558.98
Selective Insurance Group5.875BBB- / Baa2Insurance1.95%$232,419.30
Comcast Corp5A- / A3Media1.94%$231,852.25
Apollo Investment Corp6.625BBB- / NRDiversified Financials1.94%$231,775.84
Argo Group US Inc6.5BBB- / NRInsurance1.93%$230,989.00
American Financial Group6.375BBB+ / Baa1Insurance1.93%$230,850.09
Affiliated Managers Group6.375BBB+ / NRDiversified Financials1.93%$230,850.34
Qwest Corp7.5BBB- / NRTelecommunication Services1.93%$230,519.52
Senior Housing Property Trust5.625BBB- / Baa3Real Estate1.93%$230,336.00
Pitney Bowes Inc6.7BBB / Baa2Commercial & Professional Services1.92%$229,496.89
Stanley Black & Decker Inc5.75BBB+ / Baa2Capital Goods1.92%$229,263.40
Assured Guaranty Muni6.25A / Baa2Insurance1.91%$228,161.61
Realty Income Corp6.625BBB- / Baa2Real Estate1.91%$227,792.11
Protective Life Corp6.25BBB / Baa2Insurance1.90%$227,174.88
Cullen/Frost Bankers Inc5.375BBB- / Baa2Banks1.90%$227,062.72
SCE Trust II5.1BBB- / Baa1Utilities1.01%$121,130.24
First Republic Bank5.7NR / Baa3Banks1.00%$120,006.92
PartnerRe Ltd7.25NR / Baa2Insurance1.00%$119,692.08
State Street Corp5.25BBB / Baa1Diversified Financials0.99%$118,824.75
Welltower Inc6.5BBB- / Baa2Real Estate0.99%$118,186.30
First Republic Bank5.5BBB- / Baa3Banks0.99%$118,003.66
General Electric Co4.875AA+ / A1Capital Goods0.98%$117,482.48
SCE Trust I5.625BBB- / Baa1Utilities0.98%$117,325.00
State Street Corp6BBB / Baa1Diversified Financials0.98%$116,812.00
Prudential Plc6.75A- / Baa1Insurance0.98%$116,678.04
Prudential Financial Inc5.75BBB+ / Baa2Insurance0.98%$116,587.20
Prudential Plc6.5A- / Baa1Insurance0.97%$116,491.54
Prudential Financial Inc5.7BBB+ / Baa2Insurance0.97%$115,977.63
PartnerRe Ltd5.125BBB+ / A3Insurance0.97%$115,620.00
General Electric Co4.875AA+ / A1Capital Goods0.97%$115,580.79
KKR & Co LP6.5BBB+ / NRDiversified Financials0.96%$115,234.66
KKR Financial Holdings5.875NR / Baa2Diversified Financials0.96%$114,841.35
Arch Capital Group Ltd5.25NR / Baa3Insurance0.96%$114,279.32
Arch Capital Group Ltd6.75BBB / Baa2Insurance0.95%$113,994.40
Kimco Realty Corp5.625BBB- / Baa2Real Estate0.69%$82,105.65
Kimco Realty Corp5.5BBB- / Baa2Real Estate0.68%$81,514.84
Axis Capital Hldgs Ltd5.5BBB / Baa3Insurance0.67%$79,851.00
Axis Capital Holdings Ltd5.5BBB / Baa3Insurance0.67%$79,853.00
HSBC Holdings Plc8.125BBB- / Baa1Banks0.66%$78,837.84
Aegon N.V.6.5BBB / Baa1Insurance0.65%$78,144.56
HSBC Holdings Plc6.2BBB- / Baa1Banks0.65%$77,829.50
PS Business Parks Inc5.75BBB / Baa2Real Estate0.65%$77,593.92
HSBC Holdings Plc8BBB- / Baa1Banks0.65%$77,459.76
National Retail Properties Inc5.2BBB- / Baa2Real Estate0.65%$77,350.04
PS Business Parks Inc5.2BBB / Baa2Real Estate0.65%$77,344.36
Aegon N.V.6.375BBB / Baa1Insurance0.65%$77,207.42
National Retail Properties5.7BBB- / Baa2Real Estate0.64%$77,052.22
Kimco Realty Corp6BBB- / Baa2Real Estate0.64%$76,992.96
Axis Capital Hldgs Ltd6.875BBB / Baa3Insurance0.64%$76,817.52
PS Business Parks Inc6BBB / Baa2Real Estate0.63%$75,862.38
Aegon N.V.8BBB / Baa1Insurance0.63%$75,443.46
Nextera Energy Capital5BBB / Baa2Utilities0.40%$48,155.10
Nextera Energy Capital5.125BBB / Baa2Utilities0.40%$47,628.45
BB&T Corporation5.625BBB- / Baa1Banks0.39%$46,905.48
BB&T Corporation5.2BBB- / Baa1Banks0.39%$46,882.30
FPL Group Cap Trust I5.875BBB / Baa2Utilities0.39%$46,842.26
BB&T Corporation5.2BBB- / Baa1Banks0.39%$46,629.99
Nextera Energy Capital5.625BBB / Baa2Utilities0.39%$46,285.97
Nextera Energy Capital5.7BBB / Baa2Utilities0.39%$46,051.72
BB&T Corporation5.625BBB- / Baa1Banks0.38%$45,934.98
BB&T Corporation5.85BBB- / Baa1Banks0.38%$45,825.48
JPMorgan Chase & Co6.3BBB- / Baa3Banks0.28%$33,177.48
JPMorgan Chase & Co6.15BBB- / Baa3Banks0.28%$33,115.86
JPMorgan Chase & Co5.5BBB- / Baa3Banks0.28%$33,074.47
JPMorgan Chase & Co6.125BBB- / Baa3Banks0.28%$33,032.07
JPMorgan Chase & Co5.45BBB- / Baa3Banks0.28%$32,925.15
JPMorgan Chase & Co6.1BBB- / Baa3Banks0.28%$32,878.02
JPMorgan Chase & Co6.7BBB- / Baa3Banks0.27%$32,417.88
Wells Fargo & Company5.25BBB / Baa2Banks0.20%$23,913.91
Wells Fargo & Company5.2BBB / Baa2Banks0.20%$23,570.40
Wells Fargo & Company5.5BBB / Baa2Banks0.20%$23,472.80
Wells Fargo & Company5.125NR / Baa2Banks0.20%$23,449.05
Wells Fargo & Company5.5BBB / Baa2Banks0.20%$23,332.00
Wells Fargo & Company5.7BBB / Baa2Banks0.20%$23,334.33
Wells Fargo & Company6BBB / Baa2Banks0.19%$23,246.19
Wells Fargo & Company6BBB / Baa2Banks0.19%$23,171.55
Wells Fargo REIT6.375BBB+ / NRDiversified Financials0.19%$23,020.20
Wells Fargo & Company8BBB / Baa2Banks0.19%$22,593.34
Public Storage5.4NR / A3Real Estate0.15%$18,445.68
Public Storage7.5BBB / Baa2Real Estate0.15%$18,416.10
Public Storage5.2BBB+ / A3Real Estate0.15%$18,289.60
Public Storage5.2BBB+ / A3Real Estate0.15%$18,257.40
Public Storage5.375BBB+ / A3Real Estate0.15%$18,151.49
Public Storage4.95BBB+ / A3Real Estate0.15%$18,073.06
Public Storage5.625BBB+ / A3Real Estate0.15%$17,992.80
Public Storage4.9BBB+ / A3Real Estate0.15%$17,969.56
Public Storage6.375BBB+ / A3Real Estate0.15%$17,722.25
Public Storage5.75BBB+ / A3Real Estate0.15%$17,682.78
Public Storage5.9BBB+ / A3Real Estate0.15%$17,649.28
Public Storage6BBB+ / A3Real Estate0.15%$17,629.15
Public Storage5.875BBB+ / A3Real Estate0.14%$17,290.56
Subject to change
Ex-Dividend Date Record Date Payable Date Total Distribution Tax Information
3/24/2017 3/28/2017 3/31/2017 $0.14000  
2/23/2017 2/27/2017 3/2/2017 $0.11200 Form 19A
1/25/2017 1/27/2017 1/31/2017 $0.11200 Form 19A
12/22/2016 12/27/2016 12/29/2016 $0.11200 Form 19A
11/23/2016 11/28/2016 11/30/2016 $0.11200 Form 19A
10/25/2016 10/27/2016 10/31/2016 $0.11200 Form 19A
9/22/2016 9/26/2016 9/28/2016 $0.15000  
8/25/2016 8/29/2016 8/31/2016 $0.07527  
7/25/2016 7/27/2016 7/29/2016 $0.12400  
Subject to change
IMPORTANT RISK INFORMATION
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks.
The fund invests in preferred securities which may be subject to many of the risks associated with debt securities, including interest rate risk. The fund invests in equity securities which may be subject to volatile price fluctuations. Because the fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in share price.
S&P U.S. Preferred Stock Index represents the US preferred stock market. One cannot invest directly in an index.
Credit ratings apply the Index, not the fund itself. S&P and Moody's study the financial condition of an entity to ascertain its creditworthiness. The credit ratings reflect the rating agency's opinion of the holdings financial condition and histories. For information on the rating agencies methodology, visit http://www.standardandpoors.com or https://www.moodys.com.
This fund is new and has a limited operating history.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market returns are based upon the midpoint of the bid/ask spread at 4:00pm eastern time (when NAV is normally determined for most ETFs), and do not represent the returns you would receive if you traded shares at other times.
Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only, typically consisting of 50,000 Shares.
An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 630.384.8700 or visit www.elkhorn.com. Read the prospectus carefully before investing.
ALPS Distributors, Inc. is the distributor of Elkhorn exchange-traded funds.