KBWD vs. REM ETF Comparison

Comparison of PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD) to iShares Mortgage Real Estate Capped ETF (REM)

KBWD

PowerShares KBW High Dividend Yield Financial Portfolio ETF

KBWD Description

The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$15.37

Average Daily Volume

182,867

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REM

iShares Mortgage Real Estate Capped ETF

REM Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs") that hold U.S. residential and commercial mortgages. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential and commercial mortgage real estate, mortgage finance and savings associations sectors of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.96

Average Daily Volume

408,343

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWD	REM
30 Days	4.23%	0.59%
60 Days	2.55%	-3.04%
90 Days	3.41%	-0.68%
12 Months	18.58%	12.49%

8 Overlapping Holdings

Symbol	Grade	Weight in KBWD	Weight in REM	Overlap
ACRE	C	3.75%	0.9%	0.9%
AGNC	D	3.51%	11.23%	3.51%
ARI	C	3.04%	3.09%	3.04%
DX	B	3.25%	2.2%	2.2%
EFC	C	2.94%	2.42%	2.42%
KREF	D	2.15%	1.59%	1.59%
RC	D	3.3%	2.76%	2.76%
TRTX	B	2.78%	1.25%	1.25%

KBWD Overweight 22 Positions Relative to REM

Symbol	Grade	Weight
TRIN	A	3.92%
FSK	A	3.86%
TCPC	C	3.8%
PNNT	B	3.22%
FDUS	A	3.19%
GSBD	F	3.08%
PSEC	D	3.08%
EGBN	B	2.91%
BBDC	A	2.72%
OMF	A	2.5%
CSWC	D	2.23%
TPVG	C	2.23%
WASH	C	2.18%
APAM	B	2.1%
WU	D	1.79%
FIBK	A	1.74%
LNC	B	1.63%
NWBI	B	1.63%
KEY	B	1.44%
JHG	A	1.35%
PRU	A	1.19%
JXN	C	0.93%

KBWD Underweight 25 Positions Relative to REM

Symbol	Grade	Weight
NLY	C	-15.54%
STWD	C	-9.72%
RITM	C	-8.6%
ABR	C	-5.06%
BXMT	C	-4.71%
LADR	B	-3.13%
TWO	D	-2.86%
CIM	D	-2.81%
PMT	D	-2.71%
MFA	D	-2.67%
FBRT	C	-2.51%
RWT	D	-2.22%
ARR	D	-2.18%
BRSP	B	-1.9%
CMTG	F	-1.34%
ORC	B	-1.33%
NYMT	C	-1.28%
IVR	F	-0.95%
REFI	A	-0.64%
GPMT	C	-0.41%
AFCG	D	-0.39%
SEVN	D	-0.39%
NREF	A	-0.33%
AOMR	D	-0.26%
SUNS	C	-0.2%