KBWP vs. XLF ETF Comparison

Comparison of PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP) to SPDR Select Sector Fund - Financial (XLF)

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

$113.13

Average Daily Volume

68,486

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.28

Average Daily Volume

34,891,873

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWP	XLF
30 Days	-3.61%	1.38%
60 Days	-0.92%	3.33%
90 Days	8.47%	11.92%
12 Months	29.39%	39.25%

11 Overlapping Holdings

Symbol	Grade	Weight in KBWP	Weight in XLF	Overlap
ACGL	F	3.7%	0.6%	0.6%
AIG	B	7.93%	0.76%	0.76%
AIZ	D	3.95%	0.15%	0.15%
ALL	D	7.97%	0.76%	0.76%
CB	D	7.93%	1.63%	1.63%
CINF	B	4.16%	0.34%	0.34%
EG	F	3.85%	0.25%	0.25%
HIG	D	3.86%	0.5%	0.5%
PGR	D	7.66%	2.18%	2.18%
TRV	B	8.72%	0.87%	0.87%
WRB	D	3.86%	0.27%	0.27%

KBWP Overweight 13 Positions Relative to XLF

Symbol	Grade	Weight
RNR	B	4.17%
THG	C	4.09%
RLI	A	4.04%
AXS	B	4.02%
SIGI	D	4.01%
AFG	D	3.88%
KMPR	B	3.71%
MCY	B	3.57%
SPNT	D	2.1%
HMN	A	1.38%
PRA	B	0.69%
UVE	D	0.52%
JRVR	F	0.21%

KBWP Underweight 60 Positions Relative to XLF

Symbol	Grade	Weight
BRK.A	D	-12.76%
JPM	B	-9.77%
V	A	-7.42%
MA	B	-6.49%
BAC	B	-4.38%
WFC	B	-3.41%
GS	B	-2.54%
SPGI	D	-2.38%
AXP	B	-2.36%
MS	B	-2.25%
BX	B	-1.89%
C	B	-1.88%
FI	A	-1.76%
MMC	D	-1.66%
SCHW	B	-1.62%
ICE	C	-1.46%
KKR	B	-1.44%
CME	B	-1.25%
AON	A	-1.23%
PYPL	B	-1.22%
PNC	B	-1.16%
USB	B	-1.16%
MCO	D	-1.1%
COF	A	-0.97%
AJG	D	-0.95%
TFC	C	-0.89%
BK	B	-0.86%
AFL	D	-0.85%
AMP	B	-0.77%
FIS	B	-0.76%
MET	C	-0.75%
PRU	C	-0.69%
MSCI	A	-0.68%
DFS	A	-0.59%
MTB	B	-0.5%
NDAQ	A	-0.48%
WTW	A	-0.46%
FITB	B	-0.46%
RJF	A	-0.42%
STT	A	-0.42%
GPN	C	-0.4%
TROW	A	-0.38%
BRO	A	-0.38%
HBAN	B	-0.35%
CPAY	B	-0.35%
CBOE	B	-0.34%
RF	B	-0.34%
SYF	B	-0.34%
NTRS	B	-0.31%
CFG	B	-0.29%
PFG	C	-0.28%
FDS	A	-0.26%
KEY	B	-0.25%
L	D	-0.22%
JKHY	A	-0.2%
MKTX	B	-0.17%
ERIE	F	-0.17%
GL	C	-0.15%
IVZ	B	-0.12%
BEN	C	-0.1%