KBWB vs. TBG ETF Comparison

Comparison of PowerShares KBW Bank Portfolio ETF (KBWB) to TBG Dividend Focus ETF (TBG)

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$69.54

Average Daily Volume

979,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TBG

TBG Dividend Focus ETF

TBG Description

The fund seeks to achieve its investment objective by investing in equity securities of small-, mid- and large- capitalization companies that the sub-adviser believes have the potential to grow their dividends over time. The fund will invest primarily in companies that have operations in and/or domiciled in the U.S. and that trade on U.S. stock exchanges. In addition, the fund may invest in real estate investment trusts (REITs) and master limited partnerships (MLPs).

Grade (RS Rating)

Last Trade

$33.47

Average Daily Volume

16,906

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWB	TBG
30 Days	11.89%	2.89%
60 Days	18.35%	5.46%
90 Days	19.89%	8.48%
12 Months	69.36%	33.63%

3 Overlapping Holdings

Symbol	Grade	Weight in KBWB	Weight in TBG	Overlap
JPM	A	7.51%	2.1%	2.1%
MS	A	8.9%	2.54%	2.54%
TFC	A	3.63%	3.54%	3.54%

KBWB Overweight 21 Positions Relative to TBG

Symbol	Grade	Weight
WFC	A	8.73%
GS	A	7.94%
BAC	A	7.9%
MTB	A	4.3%
COF	C	4.29%
BK	A	3.97%
PNC	B	3.85%
C	A	3.8%
STT	B	3.8%
FITB	B	3.78%
HBAN	A	3.78%
USB	A	3.69%
RF	A	3.52%
NTRS	A	3.21%
CFG	B	3.05%
KEY	B	2.65%
EWBC	A	2.1%
FHN	A	1.59%
WAL	B	1.44%
CMA	B	1.32%
ZION	B	1.28%

KBWB Underweight 30 Positions Relative to TBG

Symbol	Grade	Weight
SPG	A	-4.54%
CVX	A	-4.33%
GILD	C	-4.28%
IBM	C	-4.27%
CSCO	B	-4.13%
ET	A	-4.0%
LYB	F	-3.98%
VZ	C	-3.89%
CMI	A	-3.72%
EPD	A	-3.69%
BX	A	-3.66%
MRK	D	-3.23%
KVUE	A	-3.08%
OWL	A	-3.07%
AEP	C	-2.8%
PG	C	-2.72%
GIS	D	-2.52%
LAMR	C	-2.51%
TXN	C	-2.49%
LMT	D	-2.47%
MC	C	-2.22%
APO	B	-2.08%
CLX	A	-2.01%
AMGN	F	-2.0%
PEP	F	-1.98%
XOM	B	-1.96%
SBUX	A	-1.73%
JNJ	C	-1.54%
AVGO	D	-1.41%
MCD	D	-1.22%