AFSM vs. DWAS ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

15,693

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$102.69

Average Daily Volume

31,945

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	DWAS
30 Days	7.72%	11.37%
60 Days	6.49%	10.79%
90 Days	6.95%	11.29%
12 Months	33.58%	38.56%

64 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in DWAS	Overlap
ADMA	B	0.28%	1.49%	0.28%
AGX	B	0.25%	0.53%	0.25%
ALKT	B	0.13%	0.41%	0.13%
APOG	B	0.36%	0.42%	0.36%
AROC	B	0.69%	0.55%	0.55%
AXSM	B	0.19%	0.37%	0.19%
BDC	B	0.39%	0.39%	0.39%
BELFB	C	0.51%	0.8%	0.51%
BMI	B	0.63%	0.54%	0.54%
CASH	A	0.36%	0.42%	0.36%
CECO	A	0.14%	0.7%	0.14%
COOP	B	0.64%	1.1%	0.64%
CORT	B	0.57%	0.46%	0.46%
CRS	A	0.93%	0.92%	0.92%
CRVL	A	0.63%	0.46%	0.46%
CSWI	A	0.47%	0.88%	0.47%
CVLT	B	0.77%	0.39%	0.39%
CVNA	B	0.54%	0.78%	0.54%
DFIN	D	0.45%	0.85%	0.45%
FBP	B	0.33%	0.36%	0.33%
GIII	D	0.25%	0.34%	0.25%
GRBK	D	0.3%	0.78%	0.3%
HROW	D	0.14%	0.43%	0.14%
HURN	B	0.28%	0.39%	0.28%
HWKN	B	0.64%	0.54%	0.54%
IDCC	A	1.19%	0.48%	0.48%
JXN	C	0.72%	0.46%	0.46%
KBH	D	0.51%	0.31%	0.31%
KRYS	B	0.08%	0.49%	0.08%
KTB	B	0.08%	0.45%	0.08%
LMAT	A	0.24%	0.42%	0.24%
MATX	C	0.35%	0.42%	0.35%
MAX	F	0.1%	0.24%	0.1%
MHO	D	0.76%	0.37%	0.37%
MLI	C	1.38%	0.6%	0.6%
MOG.A	B	0.34%	0.39%	0.34%
MTG	C	0.76%	0.35%	0.35%
NECB	B	0.14%	0.45%	0.14%
OFG	B	0.54%	0.42%	0.42%
OSCR	D	0.14%	0.7%	0.14%
PI	D	0.49%	0.33%	0.33%
PIPR	B	0.25%	0.49%	0.25%
PLUS	F	0.51%	0.28%	0.28%
PRDO	B	0.51%	0.43%	0.43%
QTWO	A	0.42%	0.45%	0.42%
RDNT	B	0.37%	0.46%	0.37%
REVG	B	0.05%	0.38%	0.05%
RXST	F	0.31%	0.61%	0.31%
SFM	A	1.03%	0.89%	0.89%
SKYW	B	1.22%	0.61%	0.61%
SLG	B	0.65%	0.38%	0.38%
SLVM	B	0.62%	0.42%	0.42%
STRL	B	0.86%	1.57%	0.86%
TBBK	B	0.69%	0.37%	0.37%
TGTX	B	0.18%	0.43%	0.18%
TPC	C	0.18%	0.51%	0.18%
TPH	D	0.07%	0.33%	0.07%
TWST	D	0.12%	0.33%	0.12%
UFPT	B	0.55%	0.88%	0.55%
USLM	A	0.44%	0.74%	0.44%
VCTR	B	0.21%	0.64%	0.21%
VRNS	D	0.26%	0.32%	0.26%
WT	B	0.55%	0.41%	0.41%
ZETA	D	0.54%	0.41%	0.41%

AFSM Overweight 231 Positions Relative to DWAS

Symbol	Grade	Weight
NHC	C	1.15%
ALKS	B	0.91%
CPRX	C	0.88%
PFBC	B	0.88%
DAKT	B	0.85%
ANF	C	0.84%
FIX	A	0.84%
EME	C	0.82%
CALM	A	0.78%
BCC	B	0.72%
RDN	C	0.72%
UVE	B	0.72%
TMHC	B	0.7%
CEIX	A	0.68%
MCY	A	0.67%
REZI	A	0.66%
SANM	B	0.65%
GMED	A	0.65%
HSII	B	0.63%
FDP	B	0.63%
GMS	B	0.6%
PRK	B	0.59%
NTB	B	0.59%
SUPN	C	0.58%
NMIH	D	0.58%
NHI	D	0.57%
GEO	B	0.57%
BRBR	A	0.57%
EGBN	B	0.56%
TGNA	B	0.56%
POWL	C	0.55%
BTU	B	0.55%
HALO	F	0.55%
BXC	B	0.55%
MUSA	A	0.54%
STBA	B	0.54%
COKE	C	0.54%
CHCO	B	0.54%
APPF	B	0.51%
ACT	D	0.51%
DOLE	D	0.5%
DDS	B	0.5%
AMWD	C	0.5%
PINC	B	0.47%
LNTH	D	0.47%
TEX	D	0.46%
HRB	D	0.43%
AMR	C	0.42%
HIMS	B	0.42%
PLAB	C	0.42%
ADUS	D	0.4%
WFRD	D	0.4%
RMR	F	0.4%
SIG	B	0.39%
IESC	B	0.39%
TILE	B	0.39%
LGND	B	0.39%
PRGS	A	0.39%
EVER	F	0.39%
INMD	C	0.38%
VRNT	C	0.38%
LRN	A	0.38%
WNC	C	0.37%
YOU	D	0.37%
IIPR	D	0.37%
LOPE	B	0.36%
BLBD	D	0.36%
CAL	D	0.36%
M	D	0.36%
HIW	D	0.35%
HRMY	D	0.35%
ANIP	F	0.35%
CNXN	C	0.35%
ESNT	D	0.35%
BPMC	C	0.35%
CRAI	B	0.35%
TRMK	B	0.34%
MTH	D	0.34%
PBF	D	0.34%
MD	B	0.34%
CMC	B	0.33%
PFS	B	0.32%
LPG	F	0.32%
ATGE	B	0.32%
CNK	B	0.32%
PDM	D	0.32%
YMAB	F	0.31%
ATKR	C	0.31%
SCS	C	0.31%
CUZ	B	0.31%
IBOC	A	0.31%
ODP	F	0.3%
TCMD	A	0.3%
DNOW	B	0.3%
VIRT	B	0.3%
AKR	B	0.3%
BKE	B	0.3%
SBRA	C	0.29%
THFF	B	0.29%
PHIN	A	0.29%
SPNS	F	0.29%
DXC	B	0.29%
HUBG	A	0.29%
BKH	A	0.28%
BHE	B	0.28%
BNL	D	0.28%
HCC	B	0.28%
CRDO	B	0.28%
TWI	F	0.28%
SXC	A	0.28%
AZZ	B	0.28%
ITCI	C	0.27%
BKU	A	0.27%
CCRN	F	0.26%
HCI	C	0.26%
ASO	F	0.26%
INTA	A	0.26%
PRG	C	0.26%
MEDP	D	0.25%
GNK	D	0.25%
ABG	B	0.25%
PRM	C	0.25%
HDSN	F	0.24%
PSN	D	0.24%
AVNS	F	0.24%
MED	F	0.23%
NTCT	C	0.23%
HLX	B	0.23%
SMP	B	0.22%
IMKTA	C	0.22%
HAE	C	0.22%
VNDA	C	0.22%
NUS	D	0.22%
KN	B	0.22%
SBH	C	0.22%
NX	C	0.21%
INSW	F	0.21%
WABC	B	0.21%
KRC	C	0.2%
BLFS	C	0.2%
ENS	D	0.2%
PK	B	0.2%
DHT	F	0.2%
AMKR	D	0.2%
EXTR	B	0.2%
CMPR	D	0.2%
ASC	F	0.2%
NAVI	C	0.19%
UCTT	D	0.19%
SGBX	F	0.19%
GOGL	F	0.19%
TMDX	F	0.19%
NSSC	D	0.19%
TARS	B	0.19%
TNC	D	0.18%
ONTO	D	0.18%
SIGA	F	0.18%
HOV	D	0.17%
SD	D	0.17%
HY	D	0.17%
ASGN	F	0.17%
NVST	B	0.17%
XRX	F	0.16%
STNG	F	0.16%
ADNT	F	0.16%
METC	C	0.15%
GES	F	0.15%
SCSC	B	0.15%
VSH	D	0.15%
BRC	D	0.15%
SCVL	F	0.14%
AIT	A	0.14%
CSGS	B	0.14%
CWCO	C	0.14%
AYI	B	0.14%
ALRM	C	0.14%
KELYA	F	0.14%
EIG	B	0.13%
MOV	C	0.13%
PCRX	C	0.13%
GFF	A	0.12%
CLW	F	0.12%
MRVI	F	0.12%
YEXT	A	0.11%
INVA	D	0.11%
AMCX	C	0.11%
CHRD	D	0.11%
ASTH	D	0.1%
RAMP	C	0.1%
CGEM	F	0.09%
SPSC	C	0.09%
MLKN	D	0.08%
CTRE	D	0.08%
PEBK	B	0.08%
ATLO	D	0.07%
WGO	C	0.07%
APAM	B	0.06%
FTDR	A	0.06%
GRND	A	0.06%
KSS	F	0.06%
JWN	C	0.06%
ANDE	D	0.05%
OTTR	C	0.05%
AMPH	D	0.05%
NSIT	F	0.05%
SWX	B	0.05%
OGS	A	0.05%
ATEN	B	0.05%
CTS	C	0.05%
OMI	F	0.05%
LBRT	D	0.04%
AMN	F	0.04%
PHR	F	0.04%
FORM	D	0.04%
TDC	D	0.04%
ETD	C	0.04%
HE	C	0.04%
SEMR	B	0.04%
COLL	F	0.04%
EOLS	D	0.04%
JBI	F	0.03%
VITL	D	0.03%
EMBC	C	0.03%
RYI	C	0.03%
SWI	B	0.03%
ACLS	F	0.02%
PGNY	F	0.02%
ACIW	B	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	B	0.0%

AFSM Underweight 118 Positions Relative to DWAS

Symbol	Grade	Weight
LMB	A	-1.64%
MOD	A	-1.55%
KNTK	B	-1.18%
NUVL	D	-1.02%
AMSC	B	-0.95%
HRTG	C	-0.82%
RNA	D	-0.79%
BYRN	B	-0.74%
NBN	B	-0.7%
USAP	B	-0.68%
GPI	A	-0.66%
RDW	B	-0.61%
ATI	D	-0.61%
AMRX	C	-0.6%
ENVA	B	-0.59%
PAY	B	-0.57%
COMM	D	-0.52%
GVA	A	-0.51%
CCB	A	-0.5%
TDS	B	-0.49%
PCT	C	-0.49%
VERX	B	-0.49%
TRAK	B	-0.48%
SKT	B	-0.48%
PRIM	A	-0.48%
ALSN	B	-0.47%
VSEC	C	-0.47%
CNX	A	-0.47%
RUSHA	C	-0.46%
LPX	B	-0.44%
UTI	A	-0.44%
FSS	B	-0.44%
ROAD	A	-0.44%
AUR	C	-0.43%
BSIG	A	-0.43%
SKY	A	-0.43%
APLT	B	-0.43%
SNEX	B	-0.42%
TVTX	B	-0.42%
AGYS	A	-0.42%
AVAV	D	-0.41%
ESQ	A	-0.41%
SXI	B	-0.41%
RYAN	B	-0.41%
NRIX	D	-0.41%
NRIM	A	-0.41%
NGVC	A	-0.41%
INBK	B	-0.41%
MLR	B	-0.4%
FRPT	B	-0.4%
AGM	C	-0.4%
RYTM	C	-0.4%
PRCT	B	-0.4%
BBSI	B	-0.4%
RYAM	C	-0.4%
GKOS	B	-0.4%
R	B	-0.4%
MMSI	B	-0.4%
SPNT	A	-0.39%
ACVA	B	-0.39%
RSI	B	-0.39%
AMAL	B	-0.39%
WEAV	B	-0.39%
BGC	C	-0.39%
NPO	A	-0.38%
CVCO	A	-0.38%
OCUL	D	-0.38%
GOLF	B	-0.38%
INSM	C	-0.37%
DY	D	-0.37%
WLDN	D	-0.37%
PBI	B	-0.37%
VNO	B	-0.37%
AVAH	B	-0.37%
IMNM	F	-0.37%
DSGR	D	-0.36%
SMTC	B	-0.36%
NMRK	B	-0.36%
CRNX	C	-0.36%
KEX	C	-0.36%
SAVA	D	-0.35%
CDMO	B	-0.35%
BVS	D	-0.35%
CBT	C	-0.35%
ALHC	C	-0.35%
TREE	F	-0.34%
AQST	D	-0.34%
PLCE	C	-0.34%
CXT	B	-0.34%
SERA	F	-0.34%
CDE	D	-0.34%
AXGN	D	-0.33%
SWIM	C	-0.33%
PNTG	D	-0.33%
KYMR	D	-0.33%
PTGX	C	-0.32%
GCI	D	-0.32%
PATK	D	-0.32%
MBIN	D	-0.31%
ICFI	F	-0.31%
COGT	D	-0.3%
ALDX	D	-0.29%
MG	D	-0.29%
THRD	D	-0.29%
BOOT	D	-0.29%
MEC	D	-0.29%
LSEA	D	-0.28%
ATRO	D	-0.28%
DFH	D	-0.28%
BKD	D	-0.27%
HBB	F	-0.25%
UWMC	D	-0.25%
RKT	F	-0.25%
TNDM	F	-0.23%
RDFN	D	-0.22%
IGMS	F	-0.19%
PHAT	F	-0.17%
NOVA	F	-0.12%