AFSM vs. PKW ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to PowerShares Buyback Achievers (PKW)

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

$30.64

Average Daily Volume

6,330

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc. replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ Buyback Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$115.29

Average Daily Volume

13,629

Number of Holdings ^*

191

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	PKW
30 Days	4.07%	4.58%
60 Days	8.85%	11.47%
90 Days	9.41%	12.40%
12 Months	30.99%	32.74%

42 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in PKW	Overlap
ABG	D	0.25%	0.17%	0.17%
AMN	F	0.06%	0.06%	0.06%
AMR	F	0.42%	0.11%	0.11%
ASGN	D	0.2%	0.15%	0.15%
ASO	D	0.35%	0.15%	0.15%
ATGE	D	0.28%	0.1%	0.1%
ATKR	F	0.32%	0.11%	0.11%
BTU	B	0.55%	0.11%	0.11%
CASH	C	0.3%	0.06%	0.06%
CCRN	F	0.37%	0.02%	0.02%
CEIX	B	0.59%	0.1%	0.1%
CGEM	F	0.12%	0.03%	0.03%
COOP	B	0.61%	0.2%	0.2%
CSGS	B	0.12%	0.05%	0.05%
DDS	D	0.49%	0.16%	0.16%
DXC	C	0.29%	0.13%	0.13%
EGBN	C	0.46%	0.02%	0.02%
EIG	A	0.12%	0.04%	0.04%
FBP	B	0.35%	0.12%	0.12%
GFF	C	0.1%	0.12%	0.1%
HRB	C	0.5%	0.3%	0.3%
HURN	D	0.26%	0.07%	0.07%
IDCC	A	0.94%	0.12%	0.12%
INVA	B	0.11%	0.04%	0.04%
KBH	D	0.57%	0.22%	0.22%
KELYA	D	0.23%	0.02%	0.02%
LBRT	D	0.04%	0.11%	0.04%
MATX	C	0.34%	0.16%	0.16%
MTG	A	0.81%	0.23%	0.23%
MUSA	D	0.54%	0.35%	0.35%
NAVI	D	0.2%	0.06%	0.06%
NECB	C	0.13%	0.01%	0.01%
NSIT	B	0.07%	0.24%	0.07%
ODP	F	0.34%	0.04%	0.04%
PK	D	0.21%	0.11%	0.11%
PRG	C	0.28%	0.07%	0.07%
RYI	D	0.03%	0.02%	0.02%
SKYW	B	0.98%	0.12%	0.12%
SLVM	C	0.61%	0.12%	0.12%
TGNA	B	0.5%	0.09%	0.09%
VIRT	B	0.26%	0.09%	0.09%
XRX	D	0.2%	0.04%	0.04%

AFSM Overweight 253 Positions Relative to PKW

Symbol	Grade	Weight
NHC	D	1.21%
MLI	B	1.13%
ALKS	B	0.92%
ANF	D	0.88%
CPRX	C	0.86%
TNK	C	0.85%
MHO	C	0.84%
CRS	B	0.83%
SFM	A	0.81%
RDN	D	0.78%
DAKT	D	0.78%
PFBC	D	0.78%
BCC	C	0.77%
UVE	C	0.75%
FIX	A	0.73%
ZETA	B	0.72%
TMHC	C	0.72%
CVLT	B	0.71%
HALO	D	0.71%
EME	B	0.71%
TBBK	A	0.68%
JXN	A	0.68%
STRL	B	0.68%
HWKN	B	0.65%
BMI	A	0.65%
NMIH	B	0.65%
NHI	C	0.64%
PLUS	B	0.64%
CALM	A	0.63%
UFPT	D	0.62%
NTB	D	0.61%
AROC	B	0.6%
PI	A	0.6%
MCY	B	0.6%
CRVL	C	0.6%
SANM	D	0.6%
SLG	C	0.6%
LNTH	C	0.59%
OFG	D	0.58%
DOLE	C	0.58%
COKE	C	0.58%
ACT	B	0.57%
GMED	B	0.57%
BELFB	A	0.56%
GMS	B	0.56%
FDP	C	0.56%
STBA	D	0.55%
APPF	C	0.54%
HSII	D	0.54%
PRK	D	0.53%
DFIN	B	0.51%
SUPN	D	0.51%
REZI	D	0.51%
CHCO	D	0.51%
BXC	D	0.5%
IIPR	C	0.5%
AMWD	C	0.5%
TEX	F	0.48%
BRBR	A	0.48%
BLBD	D	0.48%
POWL	B	0.47%
RMR	B	0.47%
CORT	B	0.46%
YOU	C	0.46%
CSWI	A	0.45%
EVER	D	0.45%
PLAB	D	0.45%
ADUS	D	0.45%
PINC	F	0.44%
LPG	F	0.44%
PRDO	D	0.44%
VRNT	F	0.43%
HRMY	D	0.43%
WFRD	F	0.42%
CAL	F	0.42%
SIG	C	0.41%
SPNS	B	0.41%
ESNT	A	0.41%
CVNA	A	0.4%
M	D	0.4%
BDC	A	0.4%
PRGS	A	0.4%
MTH	C	0.4%
YMAB	C	0.39%
WNC	F	0.39%
CNXN	C	0.39%
ANIP	F	0.38%
INMD	F	0.37%
GRBK	C	0.37%
TMDX	D	0.37%
HIW	C	0.37%
PDM	C	0.36%
LGND	C	0.36%
HDSN	F	0.35%
BPMC	F	0.35%
PBF	F	0.35%
RXST	F	0.35%
HIMS	C	0.35%
TWI	F	0.34%
LOPE	D	0.33%
SCS	D	0.33%
MOG.A	C	0.33%
AVNS	D	0.33%
QTWO	B	0.33%
BNL	C	0.32%
LRN	D	0.32%
RDNT	C	0.32%
APOG	B	0.32%
CRAI	B	0.32%
CUZ	C	0.31%
ASC	D	0.31%
USLM	C	0.31%
VRNS	B	0.31%
CMC	D	0.31%
SBRA	C	0.3%
IESC	A	0.3%
PRMW	B	0.3%
PFS	D	0.29%
AKR	B	0.29%
BKE	B	0.29%
TILE	C	0.29%
GNK	D	0.29%
TRMK	D	0.29%
IBOC	D	0.28%
MD	B	0.28%
BKH	C	0.28%
CNK	D	0.28%
TCMD	C	0.28%
THFF	D	0.27%
PHIN	D	0.27%
GEO	D	0.27%
INSW	B	0.27%
GIII	C	0.27%
PSN	A	0.27%
HCI	B	0.27%
HUBG	D	0.27%
AZZ	B	0.27%
BHE	C	0.27%
ONTO	B	0.26%
PRM	C	0.26%
HCC	C	0.26%
ADMA	A	0.26%
DNOW	F	0.26%
MEDP	F	0.26%
AMKR	F	0.26%
MED	F	0.25%
BKU	D	0.25%
ITCI	D	0.24%
SMP	D	0.24%
IMKTA	F	0.24%
KN	B	0.23%
HLX	C	0.23%
NTCT	C	0.23%
SBH	B	0.23%
NUS	F	0.22%
STNG	B	0.22%
LMAT	A	0.22%
DHT	B	0.22%
UCTT	D	0.22%
ENS	B	0.22%
GOGL	C	0.22%
PIPR	A	0.22%
CMPR	F	0.22%
VNDA	F	0.22%
MRVI	F	0.22%
INTA	C	0.22%
NSSC	F	0.22%
EXTR	D	0.21%
ADNT	F	0.21%
HAE	F	0.21%
TNC	F	0.21%
CRDO	B	0.21%
SIGA	F	0.21%
BLFS	D	0.2%
SXC	F	0.2%
NX	F	0.2%
HY	D	0.2%
KRC	C	0.2%
HOV	D	0.2%
GES	F	0.19%
AXSM	D	0.19%
VSH	F	0.19%
WABC	F	0.19%
VCTR	A	0.18%
SGBX	F	0.18%
SCVL	D	0.18%
BRC	C	0.17%
NVST	D	0.17%
SD	D	0.17%
AGX	A	0.17%
OSCR	C	0.17%
TPC	A	0.16%
SCSC	D	0.15%
HROW	B	0.15%
CWCO	F	0.14%
ASTH	B	0.14%
CLW	F	0.14%
METC	D	0.14%
TWST	D	0.14%
TGTX	D	0.14%
CECO	D	0.14%
TARS	C	0.14%
MAX	C	0.14%
AYI	A	0.13%
MOV	F	0.13%
ALRM	F	0.13%
PCRX	D	0.12%
CHRD	F	0.12%
AIT	B	0.12%
ALKT	D	0.11%
AMCX	F	0.1%
SPSC	D	0.1%
RAMP	F	0.09%
YEXT	B	0.09%
KSS	D	0.08%
CTRE	C	0.08%
KRYS	D	0.08%
KTB	C	0.08%
MLKN	F	0.08%
WGO	D	0.07%
OMI	F	0.07%
TPH	C	0.07%
COLL	A	0.06%
VSTO	B	0.06%
EOLS	C	0.06%
JWN	D	0.06%
REVG	D	0.05%
OTTR	F	0.05%
SEMR	C	0.05%
ATEN	B	0.05%
ETH	F	0.05%
SWX	C	0.05%
FORM	D	0.05%
ANDE	D	0.05%
GRND	D	0.05%
FTDR	B	0.05%
CTS	B	0.05%
APAM	B	0.05%
OGS	C	0.05%
AMPH	C	0.05%
VITL	C	0.04%
JBI	F	0.04%
HE	F	0.04%
TDC	D	0.04%
PHR	F	0.04%
ACLS	F	0.03%
PGNY	F	0.03%
SWI	B	0.03%
EMBC	F	0.03%
ACIW	A	0.02%
MITK	F	0.0%
MAIN	A	0.0%
EPAC	A	0.0%

AFSM Underweight 149 Positions Relative to PKW

Symbol	Grade	Weight
TMUS	A	-5.28%
JNJ	D	-5.01%
BKNG	B	-4.86%
CMCSA	B	-4.82%
LMT	A	-4.75%
DE	C	-3.92%
HCA	C	-3.59%
FI	A	-3.55%
PYPL	A	-2.77%
MAR	A	-2.46%
CSX	D	-2.3%
ORLY	A	-2.29%
MCK	F	-2.15%
AFL	A	-2.14%
HLT	A	-1.99%
MET	A	-1.99%
MPC	D	-1.96%
PSX	D	-1.89%
AZO	D	-1.86%
AIG	C	-1.65%
VLO	F	-1.51%
VST	A	-1.39%
CNC	F	-1.35%
VRSK	D	-1.28%
DD	C	-1.27%
DFS	A	-1.19%
APP	A	-1.19%
HIG	A	-1.17%
PHM	C	-1.02%
CAH	B	-0.91%
STT	A	-0.9%
BLDR	C	-0.81%
GDDY	B	-0.75%
CSL	A	-0.72%
SYF	A	-0.68%
STLD	C	-0.67%
EXPE	B	-0.65%
CFG	C	-0.63%
EXPD	D	-0.62%
L	C	-0.59%
TXT	F	-0.57%
THC	D	-0.54%
TOL	C	-0.54%
EQH	B	-0.46%
JEF	A	-0.44%
WMS	D	-0.42%
MGM	D	-0.42%
CACI	A	-0.38%
PAG	D	-0.37%
BRKR	D	-0.36%
ORI	A	-0.33%
EXP	C	-0.33%
FOXA	B	-0.33%
PRI	A	-0.31%
DINO	F	-0.3%
CNM	F	-0.3%
BERY	C	-0.27%
WSC	D	-0.25%
AN	D	-0.25%
ARW	C	-0.24%
MTN	D	-0.23%
R	C	-0.22%
CHH	A	-0.22%
WH	C	-0.22%
BYD	B	-0.21%
RH	C	-0.21%
OLN	D	-0.2%
NXST	D	-0.19%
PVH	D	-0.19%
AMG	B	-0.19%
BC	C	-0.19%
GPI	C	-0.18%
VVV	D	-0.18%
TNET	D	-0.17%
SLM	B	-0.17%
SM	D	-0.16%
EEFT	F	-0.16%
CNX	A	-0.16%
ASH	F	-0.15%
GOLF	F	-0.14%
WU	D	-0.14%
HUN	B	-0.14%
DOCN	B	-0.13%
HGV	F	-0.13%
CRC	B	-0.12%
NSA	D	-0.12%
CVCO	C	-0.12%
CAR	D	-0.11%
TNL	B	-0.11%
DEI	A	-0.1%
GNW	A	-0.1%
HP	D	-0.1%
SEB	F	-0.1%
CARG	C	-0.09%
AZTA	F	-0.09%
VAC	D	-0.09%
SPB	C	-0.09%
BHF	D	-0.09%
ENVA	B	-0.08%
PEB	D	-0.06%
PZZA	D	-0.06%
PLAY	D	-0.05%
IART	F	-0.05%
LILAK	D	-0.05%
XHR	A	-0.05%
GBX	C	-0.05%
JBGS	C	-0.05%
ATSG	D	-0.04%
CNNE	F	-0.04%
DK	F	-0.04%
SAH	D	-0.04%
PRA	C	-0.03%
LPRO	D	-0.03%
STGW	B	-0.03%
ECVT	F	-0.03%
DXPE	C	-0.03%
ANAB	D	-0.03%
SCHL	F	-0.03%
JACK	F	-0.03%
HTZ	F	-0.03%
SBSI	D	-0.03%
LSEA	D	-0.02%
FPI	D	-0.02%
NFBK	D	-0.02%
OPY	D	-0.02%
HONE	D	-0.02%
LXU	C	-0.02%
NR	F	-0.02%
SNCY	F	-0.02%
IMXI	F	-0.02%
LQDT	C	-0.02%
ZIP	D	-0.02%
HCKT	D	-0.02%
SKIN	F	-0.01%
MX	F	-0.01%
CHGG	F	-0.01%
MBI	F	-0.01%
TASK	F	-0.01%
ZYXI	F	-0.01%
ONTF	F	-0.01%
WSBF	D	-0.01%
RLGT	D	-0.01%
GCO	D	-0.01%
SENEA	C	-0.01%
DBI	F	-0.01%
DENN	D	-0.01%
LWAY	B	-0.01%
TBPH	F	-0.01%
LOCO	C	-0.01%