FCTE vs. PSI ETF Comparison

Comparison of SMI 3Fourteen Full-Cycle Trend ETF (FCTE) to PowerShares Dynamic Semiconductors (PSI)

FCTE

SMI 3Fourteen Full-Cycle Trend ETF

FCTE Description

The fund is actively managed and typically owns 20 domestic stocks that are normally included in the S&P 500 Index ("S&P 500"). The FCT strategy is based on a proprietary model developed by 3Fourteen that selects stocks based on quality stock screens and trend factors such as return on capital and cash flow stability, earnings growth, return on investment, momentum, linear regression and trend analysis. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.48

Average Daily Volume

113,504

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSI

PowerShares Dynamic Semiconductors

PSI Description

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating 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 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$54.64

Average Daily Volume

105,664

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCTE	PSI
30 Days	-3.60%	-3.15%
60 Days	-1.98%	-5.21%
90 Days	3.09%	8.60%
12 Months		38.18%

3 Overlapping Holdings

Symbol	Grade	Weight in FCTE	Weight in PSI	Overlap
AMAT	F	4.72%	4.76%	4.72%
KLAC	F	4.47%	2.27%	2.27%
LRCX	F	4.76%	4.73%	4.73%

FCTE Overweight 17 Positions Relative to PSI

Symbol	Grade	Weight
DECK	B	5.46%
APH	B	5.42%
MCK	C	5.29%
META	B	5.2%
RMD	A	5.2%
GD	C	5.17%
GOOGL	A	5.17%
RSG	D	5.15%
BRO	B	5.14%
MSFT	D	5.1%
NTAP	D	5.03%
DPZ	B	5.0%
MCO	D	5.0%
PHM	D	4.8%
TSCO	D	4.77%
CL	F	4.75%
MTD	D	4.42%

FCTE Underweight 23 Positions Relative to PSI

Symbol	Grade	Weight
NVDA	B	-5.55%
MU	C	-5.53%
AVGO	B	-5.38%
ADI	C	-5.02%
TXN	A	-4.97%
QCOM	D	-4.9%
PI	C	-3.23%
SMTC	B	-3.19%
MTSI	B	-3.09%
ACMR	D	-2.89%
PLAB	F	-2.69%
ONTO	F	-2.67%
MPWR	F	-2.64%
UCTT	F	-2.61%
NXPI	C	-2.61%
AOSL	D	-2.6%
ENTG	D	-2.48%
AMKR	F	-2.46%
ICHR	F	-2.45%
SWKS	F	-2.44%
FORM	F	-2.39%
CRUS	F	-2.33%
MKSI	F	-2.32%