FPAG vs. PWV ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to PowerShares Dynamic LargeCap Value (PWV)

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.21

Average Daily Volume

13,799

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$56.52

Average Daily Volume

37,549

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	PWV
30 Days	1.99%	3.70%
60 Days	-3.34%	3.17%
90 Days	-0.84%	3.24%
12 Months	21.79%	21.07%

3 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in PWV	Overlap
CMCSA	C	4.78%	3.18%	3.18%
NXPI	D	2.21%	1.16%	1.16%
WFC	D	3.66%	3.1%	3.1%

FPAG Overweight 22 Positions Relative to PWV

Symbol	Grade	Weight
GOOGL	D	6.38%
META	C	5.35%
ADI	C	5.13%
C	D	4.88%
TEL	C	4.58%
GOOG	D	4.17%
IFF	A	3.84%
AMZN	D	3.39%
AON	A	2.69%
AVGO	D	2.26%
KMX	C	1.85%
CHTR	C	1.75%
KMI	B	1.72%
MAR	D	1.69%
FE	A	1.49%
HWM	B	1.29%
ICLR	D	1.26%
WAB	B	1.23%
UBER	B	1.16%
NFLX	B	0.66%
BABA	B	0.29%
PCG	A	0.21%

FPAG Underweight 46 Positions Relative to PWV

Symbol	Grade	Weight
ABBV	B	-4.03%
IBM	A	-3.82%
JNJ	B	-3.68%
ABT	A	-3.56%
AMGN	C	-3.5%
JPM	B	-3.49%
CSCO	B	-3.41%
VZ	B	-3.35%
BAC	D	-3.27%
MS	C	-3.23%
XOM	C	-3.16%
CAT	C	-3.08%
CVX	F	-2.83%
DHI	B	-1.75%
AFL	B	-1.72%
HCA	B	-1.69%
PNC	B	-1.63%
FDX	D	-1.61%
BK	B	-1.58%
LEN	B	-1.57%
LOW	B	-1.55%
GM	B	-1.53%
CB	A	-1.51%
CI	B	-1.5%
MET	B	-1.49%
WMB	B	-1.49%
FIS	A	-1.49%
ELV	B	-1.43%
URI	C	-1.43%
COF	C	-1.43%
CME	A	-1.41%
ET	C	-1.4%
KR	C	-1.39%
PRU	C	-1.38%
CNC	D	-1.37%
AIG	D	-1.35%
EOG	D	-1.33%
MPC	D	-1.31%
F	D	-1.27%
PSX	D	-1.26%
COP	D	-1.25%
PCAR	D	-1.19%
VLO	D	-1.16%
NUE	F	-1.14%
SCCO	D	-1.09%
DELL	F	-0.89%