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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
104
 
 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
$24.09
Bid/Ask Midpoint
$24.17
Premium/Discount
$0.07 / 0.29%
Closing Price
$24.16
Volume
1,228
Shares Outstanding
650,002
Market Value
$15,661,319
As of 4/28/2017
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 4/28/2017
NameCouponS&P / Moody's RatingIndustry GroupWeight
Renaissancere Holdings Ltd5.375BBB+ / Baa2Insurance2.07%
Stanley Black & Decker Inc5.75BBB+ / Baa2Capital Goods2.06%
Gabelli Dividend & Income Trust5.25NR / Aa3Insurance2.06%
PNC Financial Services5.375BBB- / Baa2Banks2.06%
Selective Insurance Group5.875BBB- / Baa2Insurance2.06%
Charles Schwab Corp6BBB / Baa2Diversified Financials2.05%
Endurance Specialty Holdings6.35BBB- / Baa3Insurance2.05%
Ares Management7NR / NRDiversified Financials2.05%
Cullen/Frost Bankers Inc5.375BBB- / Baa2Banks2.04%
Protective Life Corp6.25BBB / Baa2Insurance2.04%
Subject to change
Performance
As of 3/31/2017
  YTD 1 yr 3 yr 5 yr 10 yr Since Inception
Fund NAV 5.30% - - - - 0.19%
Fund Share Price 5.21% - - - - 0.16%
S&P U.S. High Quality Preferred Index 5.54% - - - - 0.85%
S&P U.S. Preferred Stock Index 5.27% - - - - 3.94%
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 4/28/2017
Industry Group
Weight
Insurance
32.70%
Diversified Financials
16.56%
Real Estate
16.25%
Banks
16.19%
Utilities
8.15%
Capital Goods
4.10%
Media
2.03%
Telecommunication Services
2.01%
Commercial & Professional Services
2.01%
Subject to change
Holdings
As of 4/28/2017 Export Holdings
NameCouponS&P / Moody's RatingIndustry GroupWeightMarket Value
Renaissancere Holdings Ltd5.375BBB+ / Baa2Insurance2.07%$326,166.24
Stanley Black & Decker Inc5.75BBB+ / Baa2Capital Goods2.06%$324,589.54
Gabelli Dividend & Income Trust5.25NR / Aa3Insurance2.06%$324,365.72
PNC Financial Services5.375BBB- / Baa2Banks2.06%$323,879.68
Selective Insurance Group5.875BBB- / Baa2Insurance2.06%$323,721.20
Charles Schwab Corp6BBB / Baa2Diversified Financials2.05%$322,936.40
Endurance Specialty Holdings6.35BBB- / Baa3Insurance2.05%$322,778.20
Ares Management7NR / NRDiversified Financials2.05%$322,391.00
Cullen/Frost Bankers Inc5.375BBB- / Baa2Banks2.04%$321,311.05
Protective Life Corp6.25BBB / Baa2Insurance2.04%$320,739.68
Boston Properties Inc5.25BBB / Baa3Real Estate2.04%$320,525.40
US Bancorp5.15BBB / A3Banks2.04%$320,426.37
Bank of New York Mellon5.2BBB / Baa1Diversified Financials2.03%$319,763.64
PPL Capital Funding Inc5.9BBB / Baa3Utilities2.03%$319,483.53
American Financial Group6.375BBB+ / Baa1Insurance2.03%$319,162.48
Argo Group US Inc6.5BBB- / NRInsurance2.03%$319,065.48
Comcast Corp5A- / A3Media2.03%$318,705.20
Aflac Inc5.5BBB / Baa1Insurance2.02%$318,528.72
Validus Holdings Ltd5.875BBB- / Baa3Insurance2.02%$318,446.10
Affiliated Managers Group6.375BBB+ / NRDiversified Financials2.02%$318,425.11
Northern Trust Corp5.85BBB+ / Baa1Diversified Financials2.02%$318,339.53
Duke Energy Corp5.125BBB / Baa2Utilities2.02%$318,170.65
Equity Commonwealth5.75BBB- / Baa3Real Estate2.01%$316,341.05
Qwest Corp7.5BBB- / NRTelecommunication Services2.01%$316,313.16
Welltower Inc6.5BBB- / Baa2Real Estate2.01%$316,239.63
Pitney Bowes Inc6.7BBB / Baa2Commercial & Professional Services2.01%$316,203.72
Assured Guaranty Muni6.25A / Baa2Insurance2.00%$314,787.08
Senior Housing Property Trust5.625BBB- / Baa3Real Estate1.99%$313,842.48
First Republic Bank5.7NR / Baa3Banks1.06%$166,002.96
KKR & Co LP6.5BBB+ / NRDiversified Financials1.04%$164,167.10
Prudential Plc6.75A- / Baa1Insurance1.04%$163,317.30
Axis Capital Holdings Ltd5.5BBB / Baa3Insurance1.04%$163,121.70
Axis Capital Hldgs Ltd5.5BBB / Baa3Insurance1.04%$163,081.38
KKR Financial Holdings5.875NR / Baa2Diversified Financials1.04%$163,011.40
Arch Capital Group Ltd5.25NR / Baa3Insurance1.03%$161,815.50
National Retail Properties Inc5.2BBB- / Baa2Real Estate1.03%$161,805.00
State Street Corp6BBB / Baa1Diversified Financials1.03%$161,764.80
PartnerRe Ltd5.125BBB+ / A3Insurance1.03%$161,458.33
Apollo Global Management6.375BBB+ / NRDiversified Financials1.03%$161,404.23
SCE Trust II5.1BBB- / Baa1Utilities1.03%$161,376.60
General Electric Co4.875AA+ / A1Capital Goods1.03%$161,350.75
Prudential Plc6.5A- / Baa1Insurance1.02%$160,937.40
SCE Trust I5.625BBB- / Baa1Utilities1.02%$160,921.80
Apollo Investment Corp6.625BBB- / NRDiversified Financials1.02%$160,756.20
Arch Capital Group Ltd6.75BBB / Baa2Insurance1.02%$160,592.20
State Street Corp5.25BBB / Baa1Diversified Financials1.02%$160,539.60
First Republic Bank5.5BBB- / Baa3Banks1.02%$160,259.86
PartnerRe Ltd7.25NR / Baa2Insurance1.02%$160,113.50
Prudential Financial Inc5.7BBB+ / Baa2Insurance1.02%$159,990.68
Prudential Financial Inc5.75BBB+ / Baa2Insurance1.02%$159,887.56
National Retail Properties5.7BBB- / Baa2Real Estate1.01%$159,414.72
General Electric Co4.875AA+ / A1Capital Goods1.01%$158,633.80
PS Business Parks Inc5.2BBB / Baa2Real Estate0.69%$108,965.12
HSBC Holdings Plc8BBB- / Baa1Banks0.69%$108,205.49
Kimco Realty Corp5.625BBB- / Baa2Real Estate0.69%$107,820.60
Aegon N.V.8BBB / Baa1Insurance0.68%$107,727.60
Kimco Realty Corp5.5BBB- / Baa2Real Estate0.68%$107,596.88
HSBC Holdings Plc8.125BBB- / Baa1Banks0.68%$107,511.69
Aegon N.V.6.5BBB / Baa1Insurance0.68%$107,399.78
HSBC Holdings Plc6.2BBB- / Baa1Banks0.68%$107,358.52
PS Business Parks Inc5.75BBB / Baa2Real Estate0.68%$107,276.40
Kimco Realty Corp6BBB- / Baa2Real Estate0.68%$107,098.35
Aegon N.V.6.375BBB / Baa1Insurance0.68%$107,090.12
PS Business Parks Inc6BBB / Baa2Real Estate0.68%$107,001.99
FPL Group Cap Trust I5.875BBB / Baa2Utilities0.42%$65,776.30
BB&T Corporation5.625BBB- / Baa1Banks0.41%$64,575.82
Nextera Energy Capital5.7BBB / Baa2Utilities0.41%$64,566.80
BB&T Corporation5.2BBB- / Baa1Banks0.41%$64,555.92
Nextera Energy Capital5.125BBB / Baa2Utilities0.41%$64,400.00
BB&T Corporation5.2BBB- / Baa1Banks0.41%$64,306.20
BB&T Corporation5.85BBB- / Baa1Banks0.41%$64,283.40
BB&T Corporation5.625BBB- / Baa1Banks0.41%$64,281.60
Nextera Energy Capital5.625BBB / Baa2Utilities0.41%$64,160.73
Nextera Energy Capital5BBB / Baa2Utilities0.41%$64,140.64
JPMorgan Chase & Co6.1BBB- / Baa3Banks0.29%$46,074.60
JPMorgan Chase & Co6.125BBB- / Baa3Banks0.29%$45,942.66
JPMorgan Chase & Co6.15BBB- / Baa3Banks0.29%$45,864.50
JPMorgan Chase & Co6.3BBB- / Baa3Banks0.29%$45,761.68
JPMorgan Chase & Co6.7BBB- / Baa3Banks0.29%$45,759.06
JPMorgan Chase & Co5.5BBB- / Baa3Banks0.29%$45,607.86
JPMorgan Chase & Co5.45BBB- / Baa3Banks0.29%$45,257.24
Wells Fargo & Company5.5BBB / Baa2Banks0.21%$33,020.00
Wells Fargo REIT6.375BBB+ / NRDiversified Financials0.21%$32,508.40
Wells Fargo & Company6BBB / Baa2Banks0.21%$32,362.56
Wells Fargo & Company5.25BBB / Baa2Banks0.21%$32,354.56
Wells Fargo & Company6BBB / Baa2Banks0.21%$32,277.00
Wells Fargo & Company5.125NR / Baa2Banks0.20%$32,229.34
Wells Fargo & Company5.5BBB / Baa2Banks0.20%$32,185.50
Wells Fargo & Company5.2BBB / Baa2Banks0.20%$32,163.24
Wells Fargo & Company8BBB / Baa2Banks0.20%$32,142.24
Wells Fargo & Company5.7BBB / Baa2Banks0.20%$32,130.72
Public Storage4.95BBB+ / A3Real Estate0.16%$25,383.93
Public Storage4.9BBB+ / A3Real Estate0.16%$25,275.24
Public Storage7.5BBB / Baa2Real Estate0.16%$25,203.22
Public Storage5.4NR / A3Real Estate0.16%$25,074.36
Public Storage6.375BBB+ / A3Real Estate0.16%$24,912.44
Public Storage5.375BBB+ / A3Real Estate0.16%$24,789.60
Public Storage5.2BBB+ / A3Real Estate0.16%$24,705.80
Public Storage5.625BBB+ / A3Real Estate0.16%$24,696.00
Public Storage5.9BBB+ / A3Real Estate0.16%$24,649.71
Public Storage5.75BBB+ / A3Real Estate0.16%$24,651.22
Public Storage5.875BBB+ / A3Real Estate0.16%$24,548.00
Public Storage6BBB+ / A3Real Estate0.16%$24,512.16
Public Storage5.2BBB+ / A3Real Estate0.15%$24,305.54
Subject to change
Ex-Dividend Date Record Date Payable Date Total Distribution Tax Information
4/24/2017 4/26/2017 4/28/2017 $0.14000  
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.