BYLD vs. PCEF ETF Comparison

Comparison of iShares Yield Optimized Bond ETF (BYLD) to PowerShares CEF Income Composite Portfolio (PCEF)
BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.48

Average Daily Volume

60,634

Number of Holdings *

6

* may have additional holdings in another (foreign) market
PCEF

PowerShares CEF Income Composite Portfolio

PCEF Description The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.65

Average Daily Volume

101,656

Number of Holdings *

103

* may have additional holdings in another (foreign) market
Performance
Period BYLD PCEF
30 Days -0.21% 1.06%
60 Days -0.07% 4.47%
90 Days 1.73% 7.17%
12 Months 10.21% 26.50%
0 Overlapping Holdings
Symbol Grade Weight in BYLD Weight in PCEF Overlap
BYLD Overweight 6 Positions Relative to PCEF
Symbol Grade Weight
IGLB D 25.25%
SGOV B 24.01%
USHY A 20.08%
FLOT A 10.1%
EMHY A 10.06%
CMBS D 9.93%
BYLD Underweight 103 Positions Relative to PCEF
Symbol Grade Weight
EXG A -4.4%
BIGZ A -3.11%
BMEZ B -2.97%
JPC A -2.95%
ETY A -2.77%
BSTZ A -2.75%
BDJ A -2.69%
BCAT B -2.47%
BXMX A -2.45%
ETV A -2.41%
NFJ C -2.3%
QQQX A -2.14%
BST B -1.91%
EVV A -1.74%
ETW A -1.74%
JFR A -1.73%
BTZ B -1.49%
EOS A -1.41%
CII A -1.41%
HTD C -1.36%
PDO D -1.36%
FPF D -1.35%
HFRO F -1.3%
HYT A -1.28%
BOE C -1.28%
FFC D -1.22%
BBN D -1.19%
DSL C -1.17%
AWF C -1.1%
BGY D -1.03%
WIW A -1.02%
DIAX A -1.01%
EOI A -0.97%
JQC A -0.92%
ETJ B -0.92%
LDP C -0.88%
EMD D -0.85%
BME D -0.83%
PDT D -0.74%
IGD B -0.71%
PHK A -0.69%
NPFD A -0.68%
DFP D -0.67%
BGR B -0.65%
ETB A -0.63%
PCN B -0.62%
EAD C -0.59%
BIT B -0.58%
NBB D -0.57%
PFN B -0.57%
HIO A -0.56%
ISD A -0.55%
BUI D -0.54%
BLW B -0.53%
EDD D -0.52%
BHK D -0.52%
PPT D -0.51%
VVR F -0.51%
FRA A -0.49%
HIX B -0.48%
STK A -0.48%
FFA A -0.48%
SPXX A -0.47%
DSU B -0.46%
BGH A -0.46%
JGH C -0.44%
ERC D -0.42%
MCR D -0.41%
HPS D -0.41%
MCI B -0.41%
EOD C -0.4%
MMT D -0.4%
FCT A -0.4%
EFR A -0.39%
FTF D -0.39%
HPI D -0.39%
TEI D -0.38%
MIN B -0.37%
EFT A -0.36%
PSF D -0.36%
GBAB D -0.35%
PHT B -0.34%
DHY C -0.32%
HPF D -0.32%
PCF A -0.32%
PFL C -0.31%
DHF A -0.31%
FLC D -0.29%
IDE A -0.29%
BGT C -0.27%
TSI D -0.25%
HEQ D -0.25%
DBL D -0.24%
IGA B -0.24%
HYB D -0.2%
EHI D -0.19%
BGX B -0.19%
VBF D -0.19%
NHS D -0.18%
MSD D -0.17%
EVG B -0.16%
PHD A -0.15%
CIK D -0.14%
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