DSMC vs. DWAS ETF Comparison

Comparison of Distillate Small/Mid Cash Flow ETF (DSMC) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

DSMC

Distillate Small/Mid Cash Flow ETF

DSMC Description

Distillate Small/Mid Cash Flow ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Distillate Capital Partners LLC and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Distillate Small/Mid Cash Flow ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.03

Average Daily Volume

11,132

Number of Holdings ^*

141

* 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

$100.41

Average Daily Volume

32,448

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

Performance

Period	DSMC	DWAS
30 Days	2.53%	7.02%
60 Days	6.94%	11.39%
90 Days	7.03%	12.83%
12 Months	20.93%	36.09%

13 Overlapping Holdings

Symbol	Grade	Weight in DSMC	Weight in DWAS	Overlap
AGX	B	0.99%	0.58%	0.58%
ALSN	A	0.96%	0.46%	0.46%
APOG	B	0.61%	0.42%	0.42%
GIII	D	0.54%	0.35%	0.35%
IDCC	B	1.51%	0.46%	0.46%
KBH	D	1.03%	0.32%	0.32%
MATX	A	0.95%	0.43%	0.43%
PRDO	B	0.5%	0.39%	0.39%
REVG	B	0.45%	0.37%	0.37%
SLVM	C	0.66%	0.44%	0.44%
STRL	B	1.2%	1.44%	1.2%
TPH	D	0.54%	0.32%	0.32%
VCTR	B	0.62%	0.62%	0.62%

DSMC Overweight 128 Positions Relative to DWAS

Symbol	Grade	Weight
DDS	C	1.69%
OC	A	1.61%
TOL	C	1.57%
AMR	C	1.4%
ATKR	D	1.35%
CHRD	F	1.29%
ARCH	B	1.29%
WEX	D	1.21%
CF	B	1.19%
ETSY	C	1.17%
JAZZ	B	1.09%
TPR	B	1.03%
CROX	F	1.0%
CEIX	B	0.96%
RHI	B	0.94%
SIG	B	0.93%
TAP	B	0.9%
QRVO	F	0.87%
OSK	B	0.86%
VSCO	B	0.85%
BCC	B	0.84%
OVV	C	0.82%
GPOR	B	0.81%
LOPE	B	0.79%
DOX	C	0.78%
THO	B	0.77%
HCC	C	0.76%
CALM	B	0.75%
TMHC	C	0.75%
BBWI	C	0.74%
MTDR	C	0.74%
SEIC	A	0.7%
COLM	B	0.69%
GMS	B	0.69%
SM	C	0.68%
ASO	F	0.67%
AR	B	0.67%
CIVI	F	0.67%
CRI	D	0.66%
LCII	C	0.66%
BCO	F	0.66%
IPG	F	0.65%
DINO	D	0.65%
G	B	0.65%
BXC	B	0.64%
TEX	D	0.64%
MD	C	0.64%
CRC	B	0.64%
BWA	B	0.64%
VRTS	B	0.63%
EEFT	C	0.63%
RRC	B	0.62%
SXC	B	0.62%
DBX	B	0.61%
MOS	D	0.6%
AMWD	B	0.6%
FHI	A	0.6%
ZD	B	0.59%
LKQ	D	0.59%
PBH	A	0.58%
MGY	B	0.58%
KFY	B	0.58%
APAM	B	0.57%
KLIC	C	0.57%
HSII	B	0.57%
WGO	B	0.57%
VSTO	A	0.57%
APA	F	0.57%
MBUU	C	0.56%
NVST	C	0.56%
MUR	F	0.56%
CLF	D	0.55%
CTS	B	0.55%
PRG	B	0.54%
DIOD	F	0.54%
CHX	D	0.54%
NX	C	0.54%
SHOO	D	0.53%
MCRI	A	0.53%
ROCK	C	0.53%
BKE	A	0.53%
PCRX	D	0.52%
OXM	D	0.52%
IMXI	B	0.52%
PINC	A	0.52%
TDC	D	0.52%
TRIP	D	0.51%
EXPI	C	0.51%
HUBG	A	0.51%
DXC	B	0.5%
AB	C	0.5%
SUPN	B	0.5%
EXTR	B	0.49%
ARLP	B	0.49%
MAN	F	0.49%
EVRI	A	0.49%
NTCT	B	0.48%
NSP	F	0.48%
COHU	C	0.48%
WKC	D	0.47%
CARS	B	0.47%
INVA	B	0.47%
CNXN	C	0.47%
KRP	C	0.47%
RPAY	C	0.46%
SSTK	D	0.46%
HRMY	D	0.46%
WNC	C	0.46%
ODP	F	0.45%
GNK	D	0.45%
RGR	F	0.45%
SBH	C	0.45%
ANDE	D	0.45%
BSM	B	0.45%
GDEN	B	0.45%
PLAB	C	0.45%
INSW	F	0.45%
ETD	D	0.43%
WOR	F	0.43%
RES	F	0.42%
HLX	D	0.41%
XRAY	F	0.41%
COLL	F	0.41%
SCHL	D	0.37%
CAL	D	0.35%
LPG	F	0.35%
JBI	F	0.31%
ASC	F	0.29%

DSMC Underweight 169 Positions Relative to DWAS

Symbol	Grade	Weight
LMB	B	-1.59%
MOD	C	-1.53%
ADMA	B	-1.47%
KNTK	B	-1.1%
COOP	B	-1.09%
UFPT	C	-1.07%
NUVL	D	-1.07%
RNA	B	-0.88%
BELFB	C	-0.87%
CSWI	B	-0.87%
CRS	B	-0.87%
AMSC	B	-0.86%
DFIN	D	-0.86%
SFM	B	-0.86%
GRBK	D	-0.79%
HRTG	D	-0.76%
CVNA	B	-0.75%
NBN	B	-0.71%
USLM	B	-0.7%
ZETA	D	-0.7%
RXST	F	-0.68%
USAP	C	-0.67%
GPI	A	-0.65%
COMM	D	-0.64%
BYRN	A	-0.64%
CECO	D	-0.61%
SKYW	B	-0.61%
ATI	D	-0.6%
MLI	B	-0.6%
AMRX	B	-0.6%
OSCR	F	-0.58%
ENVA	B	-0.57%
BMI	B	-0.56%
HROW	B	-0.55%
TPC	C	-0.55%
KRYS	B	-0.51%
AROC	B	-0.51%
PCT	C	-0.51%
HWKN	C	-0.51%
NRIX	B	-0.5%
VERX	B	-0.5%
IMNM	F	-0.49%
GVA	B	-0.49%
JXN	B	-0.49%
TDS	B	-0.49%
PIPR	B	-0.48%
APLT	C	-0.48%
RUSHA	B	-0.47%
CORT	B	-0.47%
RDW	B	-0.47%
CCB	A	-0.47%
PRIM	B	-0.47%
SKT	B	-0.46%
VSEC	B	-0.46%
OCUL	C	-0.46%
QTWO	A	-0.46%
CNX	B	-0.45%
AVAV	C	-0.45%
TRAK	A	-0.44%
ROAD	B	-0.44%
CRVL	B	-0.44%
ALHC	C	-0.43%
MLR	C	-0.43%
NECB	B	-0.43%
KTB	B	-0.43%
ALKT	B	-0.42%
PAY	B	-0.42%
SERA	D	-0.42%
UTI	A	-0.42%
FSS	C	-0.42%
RYTM	B	-0.42%
RYAM	B	-0.42%
SNEX	B	-0.41%
RDNT	B	-0.41%
HURN	B	-0.41%
PRCT	C	-0.41%
SKY	B	-0.41%
BGC	C	-0.41%
BDC	C	-0.41%
WEAV	B	-0.41%
BSIG	B	-0.41%
OFG	B	-0.41%
TVTX	B	-0.41%
CRNX	B	-0.4%
LMAT	B	-0.4%
AGYS	B	-0.4%
TGTX	B	-0.4%
CVLT	A	-0.4%
GKOS	A	-0.4%
ESQ	B	-0.4%
SLG	C	-0.4%
PBI	C	-0.4%
RYAN	A	-0.4%
CASH	B	-0.4%
SXI	B	-0.4%
LPX	B	-0.4%
VNO	C	-0.4%
NGVC	B	-0.4%
MMSI	B	-0.39%
BBSI	A	-0.39%
R	A	-0.39%
SMTC	B	-0.39%
MHO	D	-0.39%
MOG.A	B	-0.39%
GOLF	B	-0.39%
AGM	B	-0.39%
FRPT	B	-0.39%
AMAL	B	-0.38%
KYMR	C	-0.38%
ICFI	C	-0.38%
INSM	D	-0.38%
INBK	B	-0.38%
PTGX	C	-0.37%
DSGR	B	-0.37%
CBT	C	-0.37%
AUR	D	-0.37%
WT	B	-0.37%
PI	D	-0.37%
WLDN	C	-0.37%
NPO	B	-0.36%
AXSM	B	-0.36%
AVAH	B	-0.36%
AQST	C	-0.36%
RSI	B	-0.36%
NRIM	A	-0.36%
CVCO	B	-0.36%
TREE	D	-0.36%
CDMO	B	-0.35%
TBBK	B	-0.35%
SPNT	C	-0.35%
KEX	B	-0.35%
PHAT	F	-0.35%
NMRK	B	-0.35%
FBP	B	-0.35%
TWST	F	-0.35%
MTG	C	-0.34%
SWIM	D	-0.34%
CXT	D	-0.34%
CDE	D	-0.34%
VRNS	D	-0.34%
BVS	C	-0.34%
PLUS	F	-0.34%
GCI	D	-0.34%
THRD	B	-0.34%
DFH	F	-0.33%
PNTG	D	-0.33%
AXGN	C	-0.33%
ACVA	C	-0.33%
ALDX	D	-0.32%
DY	C	-0.32%
COGT	D	-0.32%
PATK	C	-0.31%
SAVA	D	-0.31%
ATRO	F	-0.31%
MBIN	D	-0.31%
RKT	F	-0.3%
PLCE	C	-0.3%
RDFN	D	-0.3%
BOOT	D	-0.29%
MEC	D	-0.29%
BKD	F	-0.29%
IGMS	D	-0.29%
MG	D	-0.29%
LSEA	F	-0.28%
HBB	F	-0.27%
UWMC	F	-0.26%
TNDM	F	-0.26%
MAX	F	-0.23%
NOVA	F	-0.11%