CEFD vs. PFI ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to PowerShares Dynamic Financial (PFI)

CEFD

ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN

CEFD Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index (the ?index?), reduced by the Accrued Fees. The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.

Grade (RS Rating)

Last Trade

$19.88

Average Daily Volume

1,795

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

PFI

PowerShares Dynamic Financial

PFI Description

The PowerShares Dynamic Financial Sector Portfolio (Fund) is based on the Dynamic Financial Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US financial services companies. These are companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$49.32

Average Daily Volume

2,208

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFD	PFI
30 Days	4.21%	1.20%
60 Days	6.57%	4.00%
90 Days	6.22%	3.74%
12 Months	16.13%	19.29%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFD	Weight in PFI	Overlap

CEFD Overweight 100 Positions Relative to PFI

Symbol	Grade	Weight
EVV	B	2.63%
BDJ	A	2.39%
HYT	B	2.19%
BTZ	A	2.16%
NXDT	D	1.9%
AWF	A	1.83%
DSL	A	1.77%
JQC	A	1.66%
BXMX	A	1.65%
EMD	A	1.5%
WIW	A	1.37%
BHK	B	1.3%
QQQX	A	1.26%
BOE	A	1.23%
BCX	C	1.2%
HIO	A	1.19%
JPC	A	1.18%
RA	B	1.17%
GHY	A	1.16%
BGY	A	1.09%
CII	A	1.07%
HIX	B	1.01%
BIT	C	1.01%
EOS	A	1.0%
IGD	A	0.98%
EFT	A	0.95%
FSD	A	0.95%
HTD	A	0.94%
BST	A	0.92%
BLW	A	0.92%
EAD	A	0.9%
ISD	A	0.88%
LDP	A	0.84%
FFC	A	0.83%
EFR	A	0.82%
FRA	A	0.82%
TEI	B	0.75%
PHK	A	0.75%
EOI	A	0.73%
MIN	A	0.71%
EHI	A	0.71%
NBB	B	0.71%
MCR	A	0.7%
PDT	A	0.69%
DIAX	B	0.69%
PPT	A	0.67%
WIA	A	0.66%
MMT	A	0.64%
GOF	A	0.64%
JPI	A	0.63%
BKT	A	0.62%
PFN	D	0.59%
JGH	A	0.59%
FCT	B	0.58%
ERC	B	0.57%
HPS	A	0.55%
HYI	B	0.55%
DFP	A	0.55%
BME	B	0.54%
BGT	C	0.49%
HPI	A	0.47%
PHD	A	0.44%
BGH	A	0.44%
FTF	A	0.43%
GBAB	B	0.42%
HYB	A	0.39%
EVG	A	0.38%
IDE	A	0.38%
DHF	A	0.38%
PHT	A	0.38%
TSI	A	0.37%
ETB	A	0.37%
FT	A	0.37%
STK	A	0.37%
DHY	A	0.36%
HPF	B	0.36%
MSD	A	0.34%
INSI	A	0.34%
FFA	A	0.32%
DBL	A	0.31%
GDO	A	0.31%
PSF	A	0.31%
VBF	B	0.3%
BGR	A	0.3%
PIM	A	0.3%
PFL	C	0.29%
IGA	A	0.29%
OPP	B	0.29%
SPXX	A	0.27%
FLC	A	0.24%
MCN	B	0.24%
CIK	A	0.24%
WEA	C	0.22%
FAM	C	0.21%
VLT	A	0.19%
MGF	B	0.19%
VGI	A	0.18%
HEQ	A	0.18%
GNT	A	0.14%
JLS	A	0.14%

CEFD Underweight 43 Positions Relative to PFI

Symbol	Grade	Weight
MA	D	-5.26%
ARES	C	-4.63%
JPM	A	-4.17%
KNSL	F	-4.14%
APO	A	-4.13%
KKR	C	-3.28%
V	D	-3.27%
AJG	A	-3.11%
COOP	C	-2.97%
COIN	D	-2.88%
FCNCA	C	-2.69%
BRO	B	-2.62%
MMC	A	-2.53%
AXP	C	-2.46%
HOOD	B	-2.37%
PGR	B	-2.04%
SPG	B	-1.89%
AIG	C	-1.83%
PRI	C	-1.81%
CB	C	-1.76%
PIPR	A	-1.74%
JXN	B	-1.73%
HLI	A	-1.71%
RHP	D	-1.53%
EVR	A	-1.51%
VCTR	C	-1.44%
SLG	B	-1.4%
BGC	C	-1.39%
RGA	B	-1.38%
SFBS	C	-1.36%
OMF	C	-1.35%
AGO	B	-1.34%
MTG	B	-1.34%
ORI	C	-1.32%
DFIN	D	-1.3%
RYAN	C	-1.29%
AGM	B	-1.24%
ERIE	C	-1.21%
OFG	B	-1.19%
TREE	D	-1.17%
SKT	D	-1.17%
ENVA	B	-1.1%
HCI	D	-0.96%

CEFD: Top Represented Industries & Keywords

Industries: Asset Management