FXED vs. PGX ETF Comparison

Comparison of Sound Enhanced Fixed Income ETF (FXED) to PowerShares Preferred Portfolio (PGX)

FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.75

Average Daily Volume

7,622

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PGX

PowerShares Preferred Portfolio

PGX Description

The PowerShares Preferred Portfolio is based on The BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moodyâs, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moodyâs, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

Grade (RS Rating)

Last Trade

$11.91

Average Daily Volume

3,031,172

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXED	PGX
30 Days	-1.83%	-2.94%
60 Days	-2.03%	-3.47%
90 Days	0.36%	0.71%
12 Months	12.47%	15.04%

3 Overlapping Holdings

Symbol	Grade	Weight in FXED	Weight in PGX	Overlap
CMSD	C	2.29%	0.58%	0.58%
SOJD	D	2.09%	0.81%	0.81%
T	A	1.95%	1.31%	1.31%

FXED Overweight 21 Positions Relative to PGX

Symbol	Grade	Weight
HTGC	D	3.47%
ARCC	A	3.35%
GBDC	D	2.87%
AWF	C	2.86%
PFLT	D	2.77%
TSLX	C	2.54%
SPG	A	2.19%
PCY	C	2.07%
HYEM	A	1.98%
VICI	C	1.41%
WHF	F	1.25%
OHI	C	1.12%
PLYM	F	1.12%
O	C	1.11%
BXSL	A	1.06%
PINE	C	1.0%
NNN	C	0.69%
NHI	D	0.55%
PK	C	0.55%
APLE	B	0.41%
GLPI	C	0.33%

FXED Underweight 38 Positions Relative to PGX

Symbol	Grade	Weight
TBB	C	-1.16%
BAC	A	-0.8%
TBC	C	-0.74%
RZC	C	-0.69%
SREA	D	-0.67%
PRS	C	-0.51%
DUKB	D	-0.46%
CTDD	B	-0.45%
UZE	A	-0.42%
BPYPM	D	-0.41%
SOJC	D	-0.4%
PFH	D	-0.36%
RZB	C	-0.36%
DTW	D	-0.35%
ESGRP	D	-0.31%
UNMA	C	-0.28%
ACGLO	D	-0.28%
MGR	D	-0.27%
CMSC	C	-0.26%
OZKAP	D	-0.23%
GPJA	D	-0.23%
EAI	D	-0.23%
NRUC	D	-0.22%
AIZN	D	-0.21%
ENO	D	-0.21%
EMP	D	-0.21%
ELC	D	-0.21%
CMSA	C	-0.18%
SFB	D	-0.18%
FCNCO	C	-0.17%
AFGC	D	-0.17%
BPYPO	D	-0.15%
AFGE	D	-0.15%
BPYPN	C	-0.15%
AFGD	C	-0.14%
BPYPP	D	-0.11%
AFGB	C	-0.11%
BPOPM	C	-0.03%