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IPPP Holdings

IPPP Holdings

IPPP Preferred-Plus ETF

The Fund’s primary investment objective is to seek current income. The Fund invests in preferred equities and an S&P 500 index-based option overlay for additional income.

  • Performance
  • Price
  • Holdings
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ALL HOLDINGS
Data as of 06/09/2023
Ticker Name CUSIP Shares Price Market Value % Market Value
48128B655 JPMORGAN CHASE & CO 48128B655 9,790 $24.88 $243,575.20 2.03%
G0684D305 ATHENE HOLDING LTD G0684D305 10,831 $21.50 $232,866.50 1.94%
87161C709 SYNOVUS FINL CORP 87161C709 10,682 $21.10 $225,390.20 1.88%
95082P303 WESCO INTL INC 95082P303 7,548 $27.10 $204,550.80 1.71%
10922N509 BRIGHTHOUSE FINL INC 10922N509 7,756 $24.20 $187,695.20 1.57%
025676503 AMERICAN EQTY INVT LIFE HLD CO 5.95 DP RP PFD A 025676503 8,075 $22.67 $183,060.25 1.53%
61762V606 MORGAN STANLEY 61762V606 7,711 $23.84 $183,830.24 1.53%
025676602 AMERICAN EQTY INVT LIFE HLD CO 6.625 DEP PFD B 025676602 7,606 $23.91 $181,859.46 1.52%
29273V605 ENERGY TRANSFER L P 29273V605 7,606 $23.50 $178,741.00 1.49%
649445202 NEW YORK CMNTY BANCORP INC 649445202 7,710 $22.63 $174,477.30 1.46%
61763E207 MORGAN STANLEY 61763E207 6,831 $25.46 $173,917.26 1.45%
87165B202 SYNCHRONY FINANCIAL 87165B202 9,600 $17.86 $171,456.00 1.43%
345370837 FORD MTR CO DEL 345370837 7,043 $23.80 $167,623.40 1.40%
949746556 WELLS FARGO CO NEW 949746556 6,665 $24.94 $166,225.10 1.39%
929089209 VOYA FINANCIAL INC 929089209 6,983 $23.63 $165,008.29 1.38%
015857808 ALGONQUIN PWR UTILS CORP 015857808 6,640 $24.15 $160,356.00 1.34%
816851604 SEMPRA 816851604 6,510 $24.40 $158,844.00 1.33%
345370845 FORD MTR CO DEL 345370845 6,388 $24.71 $157,847.48 1.32%
97650W504 WINTRUST FINL CORP 97650W504 6,640 $23.83 $158,231.20 1.32%
00123Q872 AGNC INVT CORP 00123Q872 7,600 $20.71 $157,396.00 1.31%
174610204 CITIZENS FINL GROUP INC 174610204 6,640 $23.10 $153,384.00 1.28%
29452E200 EQUITABLE HLDGS INC 29452E200 7,439 $20.37 $151,532.43 1.26%
68003D303 OLD NATL BANCORP IND 68003D303 6,510 $23.14 $150,641.40 1.26%
00912X500 AIR LEASE CORP 00912X500 6,510 $22.93 $149,273.65 1.25%
65473P881 NISOURCE INC 65473P881 6,041 $24.80 $149,816.80 1.25%
902973759 US BANCORP DEL 902973759 6,510 $23.00 $149,730.00 1.25%
59156R876 METLIFE INC 59156R876 6,030 $24.36 $146,890.80 1.23%
493267843 KEYCORP 493267843 6,880 $21.26 $146,234.40 1.22%
29359U109 ENSTAR GROUP LTD 29359U109 6,510 $22.25 $144,847.50 1.21%
695263202 PACWEST BANCORP DEL 695263202 9,250 $15.48 $143,190.00 1.19%
038923850 ARBOR REALTY TRUST INC 038923850 7,541 $18.75 $141,393.75 1.18%
06055H202 BANK AMERICA CORP 06055H202 6,510 $21.71 $141,339.26 1.18%
06055H871 BANK AMERICA CORP 06055H871 6,826 $20.65 $140,956.90 1.18%
59156R850 METLIFE INC 59156R850 6,604 $21.36 $141,061.44 1.18%
89832Q695 TRUIST FINL CORP 89832Q695 6,930 $20.23 $140,193.90 1.17%
78590A505 SACHEM CAP CORP 78590A505 6,510 $21.30 $138,663.00 1.16%
7591EP704 REGIONS FINANCIAL CORP NEW 7591EP704 6,510 $21.02 $136,840.20 1.14%
857477608 STATE STR CORP 857477608 5,424 $25.09 $136,088.16 1.14%
61762V853 MORGAN STANLEY 61762V853 5,200 $26.13 $135,876.00 1.13%
637432105 NATIONAL RURAL UTILS COOP FIN 5.5% SUB NT 64 637432105 5,424 $24.69 $133,918.02 1.12%
12542R803 CHS INC 12542R803 5,057 $26.40 $133,504.80 1.11%
173080201 CITIGROUP CAP XIII 173080201 4,452 $29.02 $129,197.04 1.08%
00206R706 AT&T INC 00206R706 6,165 $20.69 $127,553.85 1.06%
78409W201 SCE TR V 78409W201 5,534 $22.54 $124,736.36 1.04%
950810705 WESBANCO INC 950810705 5,424 $23.06 $125,077.44 1.04%
48128B549 JPMORGAN CHASE & CO 48128B549 5,832 $21.15 $123,346.80 1.03%
48128B648 JPMORGAN CHASE & CO 48128B648 4,891 $25.26 $123,546.66 1.03%
70509V803 PEBBLEBROOK HOTEL TR 70509V803 6,510 $18.80 $122,387.35 1.02%
78409B207 SCE TR III 78409B207 5,434 $22.60 $122,808.40 1.02%
493267702 KEYCORP 493267702 5,424 $21.82 $118,324.56 0.99%
597742303 MIDLAND STS BANCORP INC ILL 597742303 4,793 $24.34 $116,661.62 0.97%
929042810 VORNADO RLTY TR 929042810 8,686 $13.36 $116,044.96 0.97%
957638406 WESTERN ALLIANCE BANCORP 957638406 8,000 $14.37 $114,960.00 0.96%
060505195 BANK AMERICA CORP 060505195 4,463 $24.63 $109,923.69 0.92%
12542R506 CHS INC 12542R506 4,358 $25.23 $109,952.34 0.92%
67059T204 NUSTAR LOGISTICS L P 67059T204 4,243 $25.92 $109,978.56 0.92%
14040H824 CAPITAL ONE FINL CORP 14040H824 5,493 $19.84 $108,981.12 0.91%
78409G206 SCE TRUST IV 78409G206 5,424 $20.10 $109,022.40 0.91%
06055H806 BANK AMERICA CORP 06055H806 5,692 $18.50 $105,302.00 0.88%
860630862 STIFEL FINL CORP 860630862 6,555 $16.00 $104,880.00 0.88%
06055H608 BANK AMERICA CORP 06055H608 5,654 $18.06 $102,111.24 0.85%
04686J309 ATHENE HOLDING LTD 04686J309 4,311 $23.34 $100,618.74 0.84%
316773860 FIFTH THIRD BANCORP 316773860 4,328 $22.80 $98,678.40 0.82%
319626305 FIRST CTZNS BANCSHARES INC DEL 5.375 DEP PFD A 319626305 4,871 $19.88 $96,835.48 0.81%
857477855 STATE STR CORP 857477855 4,273 $22.70 $96,997.10 0.81%
48251K209 KKR REAL ESTATE FIN TR INC 48251K209 5,532 $17.41 $96,312.12 0.80%
38145G308 GOLDMAN SACHS GROUP INC 38145G308 3,679 $25.23 $92,821.17 0.77%
879433787 TELEPHONE & DATA SYS INC 879433787 6,510 $14.25 $92,767.50 0.77%
20786W503 CONNECTONE BANCORP INC 20786W503 5,414 $16.70 $90,413.80 0.75%
488401308 KEMPER CORP 488401308 4,871 $18.09 $88,116.39 0.74%
10922N202 BRIGHTHOUSE FINL INC 10922N202 3,684 $23.90 $88,047.60 0.73%
949746465 WELLS FARGO CO NEW 949746465 3,449 $25.31 $87,294.19 0.73%
172967358 CITIGROUP INC 172967358 3,272 $25.74 $84,221.28 0.70%
015857709 ALGONQUIN PWR UTILS CORP 015857709 3,320 $24.32 $80,742.40 0.67%
00206R409 AT&T INC 00206R409 3,195 $24.95 $79,713.33 0.67%
035710870 ANNALY CAPITAL MANAGEMENT INC 6.95% PFD SER F 035710870 3,162 $24.89 $78,706.61 0.66%
125896845 CMS ENERGY CORP 125896845 3,255 $24.38 $79,356.90 0.66%
744320805 PRUDENTIAL FINL INC 744320805 3,130 $25.19 $78,844.70 0.66%
949746804 WELLS FARGO CO NEW 949746804 68 $1,154.80 $78,526.40 0.66%
91529Y601 UNUM GROUP 91529Y601 3,255 $23.80 $77,469.00 0.65%
035710847 ANNALY CAPITAL MANAGEMENT INC 6.75% PFD SER I 035710847 3,220 $23.62 $76,056.40 0.63%
74460W396 PUBLIC STORAGE 74460W396 3,800 $19.40 $73,721.14 0.62%
78590A307 SACHEM CAP CORP 78590A307 3,133 $23.75 $74,408.75 0.62%
842587800 SOUTHERN CO 842587800 3,255 $22.64 $73,693.20 0.61%
58844R884 MERCHANTS BANCORP IND 58844R884 3,000 $23.87 $71,610.00 0.60%
674001409 OAKTREE CAP GROUP LLC 674001409 3,255 $21.90 $71,284.50 0.59%
10922N707 BRIGHTHOUSE FINL INC 10922N707 3,924 $17.07 $66,982.68 0.56%
78590A604 SACHEM CAP CORP 78590A604 3,133 $20.76 $65,041.08 0.54%
46817M206 JACKSON FINANCIAL INC 46817M206 2,600 $24.42 $63,492.00 0.53%
G05384204 ASPEN INSURANCE HOLDINGS LTD DP SH 1/1000 PFD G05384204 3,255 $19.27 $62,723.85 0.52%
14040H782 CAPITAL ONE FINL CORP 14040H782 3,301 $18.74 $61,860.74 0.52%
172967341 CITIGROUP INC 172967341 2,327 $25.16 $58,547.32 0.49%
911684801 UNITED STATES CELLULAR CORP 911684801 3,775 $14.83 $55,983.25 0.47%
05580M793 B. RILEY FINANCIAL INC 05580M793 2,767 $18.03 $49,889.01 0.42%
55272X508 MFA FINL INC 55272X508 2,722 $18.38 $50,030.36 0.42%
316773605 FIFTH THIRD BANCORP 316773605 1,951 $24.91 $48,599.41 0.41%
11259P109 BROOKFIELD BRP HLDGS CDA INC 4.625% SUB NTS 11259P109 2,600 $16.26 $42,276.00 0.35%
38148B108 GOLDMAN SACHS GROUP INC 38148B108 1,326 $24.57 $32,579.82 0.27%
00206R508 AT&T INC 00206R508 1,271 $22.00 $27,962.00 0.23%
444097307 HUDSON PAC PPTYS INC 444097307 3,195 $8.55 $27,317.25 0.23%
LDP COHEN & STEERS LTD DURATION PF COM 19248C105 1,268 $18.17 $23,039.56 0.19%
74460W537 PUBLIC STORAGE 74460W537 1,138 $19.73 $22,452.74 0.19%
929042794 VORNADO RLTY TR 929042794 1,886 $12.06 $22,745.16 0.19%
XSP 230714P00340000 CBOE MIN PUT OPT 07/23 340 XSP 230714P00340000 39 $0.19 $721.50 0.01%
XSP 230630P00335000 CBOE MIN PUT OPT 06/23 335 XSP 230630P00335000 47 $0.07 $329.00 0.00%
XSP 230609P00340000 CBOE MIN PUT OPT 06/23 340 XSP 230609P00340000 62 $0.01 $31.00 0.00%
XSP 230609P00395000 CBOE MIN PUT OPT 06/23 395 XSP 230609P00395000 -62 $0.01 $-62.00 0.00%
XSP 230714P00405000 CBOE MIN PUT OPT 07/23 405 XSP 230714P00405000 -39 $1.29 $-5,011.50 -0.04%
XSP 230630P00395000 CBOE MIN PUT OPT 06/23 395 XSP 230630P00395000 -47 $0.38 $-1,762.50 -0.01%
Cash&Other Cash & Other Cash&Other 137,904 $1.00 $137,904.47 1.15%

Innovative Portfolios, LLC is investment advisor to Preferred-Plus ETF.

Carefully consider the Fund’s investment objective, risk factors, charges and expenses before investing. This and additional information can be found in the Preferred-Plus ETF prospectus, which can be obtained by calling 800-617-0004 or clicking here. Please read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

Derivative Securities Risk: The Fund invests in options that derive their performance from the performance of the S&P 500 Index. Derivatives, such as the options in which the Fund invests, can be volatile and involve various types and degrees of risks, depending upon the characteristics of a particular derivative. Derivatives may entail investment exposures that are greater than their cost would suggest, meaning that a small investment in a derivative could have a substantial impact on the performance of the Fund. The Fund could experience a loss if its derivatives do not perform as anticipated, or are not correlated with the performance of their underlying asset or if the Fund is unable to purchase or liquidate a position because of an illiquid secondary market. The market for many derivatives is, or suddenly can become, illiquid. Changes in liquidity may result in significant, rapid, and unpredictable changes in the prices for derivatives.

Preferred Securities Risk: Preferred securities generally are subordinated to bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments. In addition, but not limited to, preferred securities are subject to other risks, such as being called by the issuer before its stated maturity, subject to special redemption rights, having distributions deferred or skipped, rising interest rates causing the value to decline, having floating interest rates or dividends, and having limited liquidity. Preferred securities that do not have a maturity date are perpetual investments.

(1) As disclosed in the January 31, 2023, prospectus.

(2) Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies.

© 2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar RatingTM for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Preferred-Plus fund received three stars among 63 funds in the U.S. Preferred Stock category for the overall and three-year periods ending March 31, 2023. The inception for the Preferred-Plus fund is December 24, 2018 and, as such there is no performance for the 5- and 10-year periods. Past performance is no guarantee of future results.

Preferred-Plus ETF is distributed by Foreside Fund Services, LLC.

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