/PRNewswire/ Innovative Portfolios, LLC, today has announced the conversion of two mutual funds to ETFs. The two ETFs Dividend Performers Fund (IPDP) and.
returned 9.05%, ranking 1
stout of 48 funds in Morningstar s category of U.S. Fund Preferred Stock, based on total return for the one-year period ending 12/31/2020. As of 12/31/20, annualized performance since inception (12/24/18) in
the Preferred-Plus Fund is 14.24%
. Innovative Portfolios Dividend Performers Fund returned 20.22% (Class I: IPDPX) and
ranked 6
th out of 138 funds in Morningstar s category of U.S. Fund Options-based. Since inception on 12/24/18, annualized performance in
the Dividend Performers Fund
is 27.35% for the period ending 12/31/20.
The Preferred-Plus Fund s primary investment objective is to provide current income by investing in U.S. Preferred Stocks. The Fund utilizes an option overlay strategy seeking to enhance overall distributions to shareholders.