KBWP vs. CPAI ETF Comparison

Comparison of PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP) to Counterpoint Quantitative Equity ETF (CPAI)

KBWP

PowerShares KBW Property & Casualty Insurance Portfolio ETF

KBWP Description

The PowerShares KBW Property & Casualty Insurance Portfolio (Fund) is based on the KBW Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$115.98

Average Daily Volume

49,276

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CPAI

Counterpoint Quantitative Equity ETF

CPAI Description

CPAI employs a quantitative, model-driven strategy that integrates quantitative analysis and machine learning insights to navigate diverse market conditions. The portfolio consists of at least 50 US-listed companies of any capitalization or ADRs. The selection process relies on advanced quantitative models leveraging machine learning technology, considering over 30 variables related to value, long-term reversal, momentum, profitability, investor sentiment, and stock price stability. Additionally, the Adviser backtests variable combinations considered to be supported by economic reasoning or investor behavioral biases. The models continually learn and adapt relationships between input variables and realized historic returns, updating during quarterly portfolio rebalances. Moreover, rebalancing ensures the portfolio aligns with the models' rankings, with adjustments made to limit sector exposure to 35% or less.

Grade (RS Rating)

Last Trade

$33.22

Average Daily Volume

5,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWP	CPAI
30 Days	0.65%	3.75%
60 Days	8.39%	10.51%
90 Days	14.55%	5.31%
12 Months	40.85%

1 Overlapping Holdings

	Symbol	Grade	Weight in KBWP	Weight in CPAI	Overlap
	MCY	B	3.04%	2.48%	2.48%

KBWP Overweight 23 Positions Relative to CPAI

Symbol	Grade	Weight
PGR	C	9.1%
ALL	C	8.46%
TRV	C	8.2%
CB	A	7.96%
AIG	F	6.94%
RNR	A	4.29%
CINF	A	4.25%
HIG	A	4.17%
AIZ	A	4.15%
THG	A	4.13%
ACGL	A	4.09%
WRB	B	3.94%
AXS	A	3.91%
RLI	A	3.88%
AFG	B	3.87%
EG	B	3.67%
KMPR	D	3.56%
SIGI	D	3.43%
SPNT	D	2.22%
HMN	C	1.3%
PRA	C	0.64%
UVE	C	0.57%
JRVR	F	0.22%

KBWP Underweight 9 Positions Relative to CPAI

Symbol	Grade	Weight
CVLT	C	-2.53%
PPC	A	-2.39%
WGS	B	-2.37%
THC	C	-2.36%
JXN	B	-2.36%
UNFI	B	-2.29%
COOP	C	-2.25%
MSI	A	-2.24%
TRGP	C	-2.23%