FWD vs. PDP ETF Comparison

Comparison of AB Disruptors ETF (FWD) to PowerShares DWA Technical Leaders Portfolio (PDP)

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$81.34

Average Daily Volume

19,669

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PDP

PowerShares DWA Technical Leaders Portfolio

PDP Description

The PowerShares DWA Momentum Portfolio (Fund) is based on the Dorsey Wright Technical Leaders™ Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs based on the securities in the Index. The Index includes approximately 100 US-listed companies from a broad mid- and large-capitalization universe. The Index is constructed pursuant to Dorsey, Wright & Associates, LLC's proprietary methodology, which takes into account, among other factors, the performance of each of the 3,000 largest US-listed companies as compared to a benchmark index, and the relative performance of industry sectors and sub-sectors. 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 Technical Leaders Portfolio to PowerShares DWA Momentum Portfolio.

Grade (RS Rating)

Last Trade

$111.98

Average Daily Volume

19,877

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FWD	PDP
30 Days	0.07%	3.64%
60 Days	3.54%	8.00%
90 Days	5.37%	11.58%
12 Months	42.33%	38.34%

18 Overlapping Holdings

Symbol	Grade	Weight in FWD	Weight in PDP	Overlap
AAPL	C	0.73%	2.71%	0.73%
AFRM	A	0.59%	0.77%	0.59%
ANET	C	1.59%	1.1%	1.1%
APO	A	1.05%	0.9%	0.9%
COHR	C	1.12%	0.65%	0.65%
DASH	A	1.05%	0.62%	0.62%
ETN	B	1.09%	0.57%	0.57%
GWRE	A	0.78%	0.56%	0.56%
HWM	A	1.18%	1.25%	1.18%
ISRG	A	1.59%	0.94%	0.94%
LLY	F	0.83%	1.18%	0.83%
META	C	1.44%	0.94%	0.94%
MSFT	D	0.69%	0.88%	0.69%
NFLX	A	1.45%	0.7%	0.7%
ORCL	A	2.12%	0.94%	0.94%
PLTR	A	1.26%	1.3%	1.26%
TT	A	1.03%	1.66%	1.03%
VST	A	2.21%	1.44%	1.44%

FWD Overweight 64 Positions Relative to PDP

Symbol	Grade	Weight
NVDA	B	5.44%
TSLA	A	2.9%
GEV	B	2.07%
VRT	A	1.63%
AVGO	C	1.51%
TXN	B	1.5%
BSX	A	1.49%
SHOP	B	1.39%
AMZN	B	1.36%
MRVL	B	1.23%
FTNT	B	1.2%
EPAM	B	1.17%
SPOT	A	1.17%
TTD	B	1.14%
CRWD	B	1.08%
MU	D	1.04%
ON	F	1.01%
IOT	B	1.01%
LRCX	F	0.98%
CAT	B	0.97%
LSCC	D	0.96%
ARM	F	0.96%
DDOG	B	0.95%
TER	F	0.94%
TEAM	B	0.94%
AMAT	F	0.93%
MDB	C	0.91%
MELI	D	0.86%
WAB	B	0.85%
BKR	A	0.84%
SYK	A	0.78%
CIEN	B	0.76%
RBLX	B	0.75%
NEE	C	0.74%
ADBE	F	0.73%
MNDY	C	0.73%
SNPS	C	0.73%
ABBV	F	0.71%
AMD	F	0.7%
LITE	B	0.68%
HUBS	B	0.66%
SLAB	F	0.65%
ADI	D	0.64%
ILMN	C	0.62%
BKNG	A	0.61%
TMO	F	0.6%
NOW	B	0.56%
CRL	D	0.55%
GOOGL	B	0.53%
FROG	C	0.52%
UBER	F	0.52%
RDDT	A	0.51%
ABT	A	0.5%
BSY	D	0.49%
RGEN	F	0.48%
IQV	F	0.47%
MEDP	D	0.46%
IPGP	D	0.45%
ABNB	C	0.45%
MPWR	F	0.42%
FCX	F	0.41%
PI	D	0.41%
Z	A	0.4%
CALX	F	0.01%

FWD Underweight 82 Positions Relative to PDP

Symbol	Grade	Weight
APP	A	-3.96%
MA	A	-2.79%
CPRT	A	-2.73%
TRGP	A	-2.7%
APH	B	-2.62%
TDG	D	-2.35%
ROP	C	-2.25%
FI	A	-2.17%
GWW	B	-2.13%
KNSL	B	-1.83%
FIX	A	-1.65%
CTAS	B	-1.57%
COST	B	-1.52%
PWR	A	-1.41%
FICO	A	-1.34%
MTSI	B	-1.29%
NVR	D	-1.27%
URI	B	-1.26%
V	A	-1.23%
ARES	B	-1.21%
THC	C	-1.19%
BAH	D	-1.19%
TJX	A	-1.18%
KLAC	F	-1.13%
PCVX	D	-1.07%
RCL	A	-1.01%
AXON	A	-1.01%
EME	B	-0.94%
KKR	A	-0.92%
CSL	C	-0.78%
WING	F	-0.78%
ONTO	F	-0.76%
EVR	B	-0.74%
AIT	A	-0.73%
TTEK	F	-0.73%
NTNX	B	-0.72%
CLH	C	-0.72%
AAON	B	-0.7%
ENSG	D	-0.7%
BX	A	-0.7%
WAL	B	-0.7%
COKE	D	-0.68%
MANH	D	-0.68%
AJG	A	-0.67%
PRI	A	-0.67%
HOOD	A	-0.67%
HLI	B	-0.65%
BRO	B	-0.65%
LDOS	C	-0.64%
MUSA	A	-0.63%
PSN	C	-0.62%
JEF	A	-0.62%
OKE	A	-0.62%
CW	B	-0.61%
IRM	D	-0.61%
EXP	B	-0.61%
FCNCA	A	-0.61%
CARR	D	-0.61%
TXRH	B	-0.6%
USFD	B	-0.6%
PH	B	-0.59%
FLR	B	-0.57%
BJ	B	-0.56%
NTRA	B	-0.55%
TOL	B	-0.55%
MMC	C	-0.53%
PTC	B	-0.53%
PHM	D	-0.52%
TMHC	B	-0.52%
IR	B	-0.52%
HRB	D	-0.52%
PGR	B	-0.52%
UFPI	C	-0.52%
LII	A	-0.51%
ICE	C	-0.5%
ACGL	D	-0.48%
HCA	F	-0.47%
NSIT	F	-0.46%
MTH	D	-0.45%
ERIE	F	-0.42%
DHI	F	-0.42%
REGN	F	-0.36%