KBWR vs. MRGR ETF Comparison

Comparison of PowerShares KBW Regional Banking Portfolio ETF (KBWR) to ProShares Merger ETF (MRGR)

KBWR

PowerShares KBW Regional Banking Portfolio ETF

KBWR Description

The PowerShares KBW Regional Banking Portfolio (Fund) is based on the KBW Regional Banking Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal weighted float-adjusted market capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on US stock markets. The Index is compiled, maintained and calculated by KBW and is composed of approximately 50 companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$64.71

Average Daily Volume

5,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$41.81

Average Daily Volume

783

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWR	MRGR
30 Days	9.20%	-0.71%
60 Days	13.11%	-0.06%
90 Days	17.73%	0.87%
12 Months	41.09%	6.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in KBWR	Weight in MRGR	Overlap

KBWR Overweight 49 Positions Relative to MRGR

Symbol	Grade	Weight
WBS	A	4.09%
PNFP	B	3.8%
CBSH	A	3.63%
SSB	B	3.4%
BPOP	C	2.87%
CFR	B	2.22%
SNV	B	2.2%
COLB	B	2.18%
TCBI	B	2.17%
GBCI	B	2.13%
ASB	B	2.12%
UMBF	B	2.12%
WTFC	B	2.11%
CADE	B	2.1%
VLY	B	2.09%
CATY	B	2.07%
ABCB	B	2.03%
FFIN	B	2.01%
CBU	B	1.99%
OZK	B	1.97%
HWC	B	1.96%
FHB	B	1.95%
BOKF	B	1.95%
ONB	B	1.95%
PB	A	1.94%
EBC	B	1.93%
FNB	B	1.93%
UBSI	B	1.92%
HOMB	A	1.91%
AUB	B	1.91%
FULT	B	1.9%
FIBK	B	1.89%
UCB	A	1.86%
WSFS	B	1.85%
FBP	B	1.76%
SFNC	B	1.75%
BOH	B	1.74%
CVBF	B	1.71%
INDB	B	1.69%
WAFD	B	1.68%
BKU	A	1.63%
PFS	B	1.56%
FFBC	B	1.52%
PPBI	B	1.51%
BANC	B	1.44%
TRMK	B	1.33%
FCF	B	1.07%
HOPE	B	0.92%
BRKL	B	0.61%

KBWR Underweight 28 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	B	-3.58%
DFS	B	-3.13%
IBTX	B	-3.04%
SASR	B	-2.78%
EDR	A	-2.49%
INFN	D	-2.47%
ANSS	B	-2.42%
LBPH	A	-2.4%
SMAR	A	-2.39%
EVRI	A	-2.39%
B	A	-2.38%
ATSG	A	-2.38%
NAPA	A	-2.38%
ALTR	B	-2.37%
ZUO	B	-2.36%
RCM	A	-2.34%
ENV	B	-2.34%
K	B	-2.34%
INST	B	-2.33%
JNPR	D	-2.32%
HCP	B	-2.31%
ALE	A	-2.29%
AXNX	A	-2.27%
CTLT	D	-2.22%
MRO	A	-2.22%
SPR	D	-2.05%
RVNC	F	-2.04%
CHX	C	-1.78%

MRGR: Top Represented Industries & Keywords

Industries: Banks - Regional - US Software - Application Software - Infrastructure Biotechnology Communication Equipment Aerospace & Defense Airports & Air Services Beverages - Wineries & Distilleries Capital Markets Credit Services Diversified Industrials Drug Manufacturers - Specialty & Generic Entertainment Gambling Health Information Services Medical Devices Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Utilities - Regulated Electric