AFSM vs. XSHQ ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to PowerShares S&P SmallCap Quality Portfolio (XSHQ)

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

$28.71

Average Daily Volume

7,449

Number of Holdings ^*

294

* may have additional holdings in another (foreign) market

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$40.06

Average Daily Volume

91,082

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	XSHQ
30 Days	2.02%	0.23%
60 Days	2.10%	4.00%
90 Days	1.45%	2.00%
12 Months	17.75%	11.59%

59 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in XSHQ	Overlap
ALKS	B	0.96%	2.1%	0.96%
AMR	F	0.43%	1.08%	0.43%
AMWD	D	0.49%	0.45%	0.45%
ANDE	D	0.05%	0.64%	0.05%
APAM	D	0.05%	1.99%	0.05%
APOG	C	0.31%	0.6%	0.31%
ASO	C	0.33%	1.41%	0.33%
ASTH	B	0.12%	0.64%	0.12%
ATEN	D	0.05%	0.39%	0.05%
BCC	C	0.74%	1.64%	0.74%
BKE	B	0.28%	0.67%	0.28%
BMI	C	0.62%	1.95%	0.62%
BRC	B	0.16%	1.17%	0.16%
CAL	B	0.55%	0.51%	0.51%
CASH	A	0.31%	0.69%	0.31%
CCRN	F	0.4%	0.22%	0.22%
CEIX	D	0.58%	1.2%	0.58%
CHCO	B	0.52%	0.54%	0.52%
CLW	F	0.16%	0.15%	0.15%
COLL	B	0.06%	0.54%	0.06%
CORT	B	0.37%	1.33%	0.37%
CRVL	B	0.6%	1.22%	0.6%
CSGS	C	0.13%	0.42%	0.13%
DFIN	B	0.52%	0.67%	0.52%
DNOW	D	0.28%	0.4%	0.28%
EIG	B	0.12%	0.37%	0.12%
EPAC	C	0.0%	0.79%	0.0%
FBP	B	0.36%	1.27%	0.36%
FTDR	B	0.05%	1.51%	0.05%
GES	F	0.19%	0.16%	0.16%
GIII	A	0.24%	0.45%	0.24%
GMS	D	0.54%	1.02%	0.54%
GRBK	B	0.36%	0.58%	0.36%
HCI	A	0.24%	0.3%	0.24%
HRMY	B	0.39%	0.45%	0.39%
HWKN	B	0.65%	0.64%	0.64%
IDCC	B	0.93%	1.1%	0.93%
JXN	C	0.66%	2.81%	0.66%
KTB	B	0.08%	1.94%	0.08%
LPG	F	0.49%	0.46%	0.46%
MCY	B	0.62%	0.52%	0.52%
MHO	B	0.82%	1.49%	0.82%
MLI	B	1.13%	3.58%	1.13%
NHC	B	1.32%	0.55%	0.55%
NMIH	B	0.65%	1.15%	0.65%
OFG	B	0.59%	0.69%	0.59%
OTTR	D	0.05%	1.01%	0.05%
PCRX	F	0.13%	0.23%	0.13%
PFBC	C	0.81%	0.38%	0.38%
PLAB	F	0.45%	0.46%	0.45%
POWL	C	0.35%	0.79%	0.35%
PRG	B	0.28%	0.65%	0.28%
RDN	B	0.81%	1.57%	0.81%
SIG	F	0.35%	1.4%	0.35%
TBBK	B	0.68%	1.09%	0.68%
TILE	B	0.3%	0.34%	0.3%
TNC	D	0.21%	0.65%	0.21%
WABC	C	0.2%	0.52%	0.2%
WNC	F	0.4%	0.4%	0.4%

AFSM Overweight 235 Positions Relative to XSHQ

Symbol	Grade	Weight
DAKT	D	0.91%
ANF	D	0.91%
SKYW	D	0.89%
CPRX	B	0.87%
MTG	B	0.81%
TNK	D	0.8%
HALO	B	0.8%
CRS	B	0.77%
SFM	B	0.77%
UVE	B	0.72%
CVLT	B	0.71%
TMHC	B	0.7%
UFPT	B	0.65%
COOP	B	0.64%
EME	C	0.64%
FIX	C	0.64%
PLUS	B	0.63%
NTB	B	0.63%
ZETA	B	0.63%
NHI	A	0.62%
CALM	B	0.62%
SANM	D	0.61%
AROC	D	0.6%
COKE	B	0.6%
GMED	C	0.59%
LNTH	C	0.59%
STBA	B	0.58%
SLVM	B	0.58%
SLG	B	0.58%
SUPN	B	0.58%
KBH	B	0.57%
MUSA	B	0.56%
HSII	B	0.56%
FDP	B	0.56%
PRK	B	0.56%
STRL	C	0.56%
DOLE	B	0.56%
ACT	A	0.55%
VRNT	F	0.54%
WFRD	F	0.53%
APPF	D	0.53%
TEX	D	0.52%
REZI	D	0.52%
EVER	D	0.51%
BTU	D	0.5%
BLBD	D	0.5%
HRB	B	0.5%
BXC	F	0.48%
RMR	B	0.48%
BELFB	D	0.47%
EGBN	C	0.46%
PI	C	0.46%
IIPR	B	0.46%
PINC	A	0.45%
TGNA	D	0.45%
ADUS	B	0.45%
PRDO	D	0.45%
BRBR	A	0.44%
YMAB	B	0.43%
DDS	D	0.43%
TMDX	C	0.43%
YOU	B	0.43%
ESNT	B	0.42%
M	F	0.41%
ANIP	D	0.41%
CSWI	C	0.4%
RXST	B	0.4%
SPNS	D	0.4%
LGND	B	0.39%
MTH	B	0.39%
BDC	B	0.37%
BPMC	F	0.37%
CNXN	B	0.37%
PBF	F	0.37%
ATKR	F	0.36%
ODP	F	0.36%
TWI	D	0.36%
HIW	B	0.36%
INMD	F	0.35%
SCS	C	0.35%
PDM	B	0.35%
CVNA	C	0.35%
PRGS	B	0.35%
AVNS	B	0.34%
HDSN	F	0.34%
ASC	D	0.33%
LOPE	D	0.33%
MATX	C	0.33%
QTWO	B	0.32%
CRAI	D	0.32%
MOG.A	C	0.32%
CMC	D	0.31%
BNL	B	0.31%
VRNS	C	0.31%
TRMK	B	0.31%
LRN	B	0.31%
MEDP	D	0.3%
DXC	A	0.3%
PFS	B	0.3%
RDNT	B	0.3%
NUS	F	0.29%
ATGE	C	0.29%
GEO	D	0.29%
IBOC	C	0.29%
HIMS	F	0.29%
CUZ	A	0.29%
PHIN	B	0.28%
PRMW	A	0.28%
THFF	B	0.28%
HUBG	B	0.28%
SIGA	D	0.28%
AKR	B	0.28%
CNK	A	0.28%
BKU	B	0.27%
GNK	D	0.27%
TCMD	C	0.27%
BKH	A	0.27%
CMPR	B	0.27%
MD	B	0.27%
AMKR	F	0.27%
SBRA	A	0.27%
IESC	C	0.27%
AZZ	C	0.27%
ABG	D	0.26%
HCC	F	0.26%
HLX	D	0.26%
USLM	C	0.26%
VIRT	A	0.26%
BHE	C	0.26%
HURN	C	0.26%
INSW	D	0.26%
VNDA	D	0.25%
MRVI	A	0.25%
PSN	B	0.25%
KN	D	0.24%
CRDO	C	0.24%
NTCT	C	0.24%
MED	F	0.24%
IMKTA	D	0.24%
NSSC	F	0.24%
ONTO	D	0.24%
PRM	B	0.23%
SMP	C	0.23%
KELYA	D	0.23%
SBH	B	0.23%
ADMA	B	0.23%
ITCI	C	0.23%
NAVI	C	0.22%
EXTR	C	0.22%
LMAT	B	0.22%
STNG	D	0.22%
ENS	D	0.22%
PK	D	0.22%
XRX	D	0.22%
HOV	B	0.22%
HY	F	0.21%
GOGL	D	0.21%
VSH	F	0.21%
SXC	F	0.21%
BLFS	B	0.21%
DHT	D	0.21%
PIPR	B	0.21%
INTA	B	0.21%
NX	D	0.2%
SD	D	0.2%
UCTT	F	0.2%
ADNT	F	0.2%
HAE	F	0.2%
ASGN	D	0.2%
AXSM	A	0.19%
KRC	B	0.19%
VCTR	B	0.18%
SCVL	B	0.18%
MOV	F	0.18%
NVST	C	0.17%
SCSC	C	0.16%
SGBX	F	0.16%
ALRM	F	0.15%
TPC	C	0.15%
OSCR	B	0.15%
CWCO	F	0.15%
METC	F	0.15%
AGX	A	0.14%
CHRD	F	0.14%
MAX	B	0.14%
CECO	D	0.14%
TGTX	B	0.14%
AMCX	F	0.13%
TWST	F	0.13%
CGEM	B	0.13%
HROW	B	0.13%
INVA	B	0.12%
AYI	C	0.12%
TARS	B	0.12%
ALKT	C	0.12%
SPSC	D	0.11%
AIT	C	0.11%
MLKN	D	0.1%
GFF	D	0.1%
KRYS	D	0.09%
RAMP	F	0.09%
YEXT	A	0.08%
OMI	C	0.08%
TPH	B	0.08%
CTRE	A	0.08%
AMN	F	0.08%
NSIT	C	0.07%
KSS	F	0.07%
WGO	D	0.07%
EOLS	B	0.06%
VSTO	C	0.06%
JWN	A	0.06%
HE	F	0.05%
SWX	D	0.05%
ETH	F	0.05%
OGS	B	0.05%
GRND	C	0.05%
FORM	F	0.05%
PHR	B	0.05%
CTS	D	0.05%
REVG	C	0.05%
AMPH	C	0.05%
PGNY	D	0.04%
EMBC	B	0.04%
TDC	F	0.04%
SEMR	D	0.04%
JBI	F	0.04%
LBRT	D	0.04%
RYI	F	0.03%
ACLS	F	0.03%
VITL	D	0.03%
SWI	B	0.03%
ACIW	B	0.02%
MITK	F	0.0%
MAIN	D	0.0%

AFSM Underweight 55 Positions Relative to XSHQ

Symbol	Grade	Weight
AWI	C	-2.34%
IBP	D	-1.98%
LNC	C	-1.73%
FSS	D	-1.72%
WDFC	A	-1.65%
BCPC	C	-1.61%
PJT	C	-1.59%
JBT	F	-1.5%
SM	D	-1.46%
FELE	D	-1.29%
AGO	D	-1.22%
AX	C	-1.22%
AEO	D	-1.21%
CNS	B	-1.18%
AGYS	C	-1.1%
HP	F	-0.98%
LCII	B	-0.97%
SHOO	C	-0.94%
CATY	B	-0.92%
ARCH	F	-0.92%
DORM	B	-0.92%
PLMR	B	-0.86%
PATK	B	-0.85%
UE	B	-0.82%
IOSP	D	-0.78%
YELP	F	-0.74%
ROCK	D	-0.73%
WOR	F	-0.7%
IPAR	D	-0.67%
CENTA	D	-0.62%
SXI	C	-0.57%
KLG	B	-0.57%
PDCO	F	-0.54%
LKFN	B	-0.53%
STAA	F	-0.49%
FIZZ	D	-0.48%
BANF	B	-0.48%
OXM	F	-0.44%
WS	D	-0.43%
VRTS	D	-0.42%
GDEN	C	-0.42%
CENX	F	-0.41%
LNN	D	-0.4%
AMSF	B	-0.38%
JBSS	D	-0.37%
MCRI	A	-0.36%
REX	F	-0.28%
CVI	F	-0.27%
IIIN	D	-0.27%
MNRO	D	-0.23%
SLP	F	-0.17%
LQDT	C	-0.16%
RES	F	-0.15%
USNA	F	-0.13%
NPK	D	-0.12%