KBWY vs. SMHB ETF Comparison

Comparison of PowerShares KBW Premium Yield Equity REIT Portfolio ETF (KBWY) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

KBWY

PowerShares KBW Premium Yield Equity REIT Portfolio ETF

KBWY Description

The PowerShares KBW Premium Yield Equity REIT Portfolio (Fund) is based on the KBW Premium Yield Equity REIT Index (Index). The Fund will normally invest at least 90% of its total assets in the 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 small- and mid-cap equity REITs in the United States. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.61

Average Daily Volume

107,846

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.58

Average Daily Volume

40,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWY	SMHB
30 Days	-4.14%	-9.80%
60 Days	-6.42%	-10.51%
90 Days	-1.33%	-1.80%
12 Months	19.89%	14.54%

13 Overlapping Holdings

Symbol	Grade	Weight in KBWY	Weight in SMHB	Overlap
AHH	D	3.49%	0.27%	0.27%
DEA	D	4.36%	1.35%	1.35%
EPR	C	3.95%	2.34%	2.34%
FCPT	C	2.85%	1.0%	1.0%
GMRE	F	4.91%	0.5%	0.5%
GNL	F	6.33%	1.01%	1.01%
GOOD	B	5.09%	0.33%	0.33%
GTY	A	3.3%	0.44%	0.44%
LTC	B	3.79%	0.91%	0.91%
OPI	F	0.59%	0.4%	0.4%
PDM	D	2.91%	0.99%	0.99%
SBRA	C	4.41%	2.38%	2.38%
SLG	B	3.0%	4.87%	3.0%

KBWY Overweight 14 Positions Relative to SMHB

Symbol	Grade	Weight
SVC	F	4.94%
OUT	A	4.34%
APLE	B	4.19%
OHI	C	4.03%
HIW	C	3.58%
BNL	C	3.5%
GLPI	C	3.25%
WPC	C	3.17%
IIPR	D	2.96%
AAT	B	2.86%
LXP	D	2.61%
KIM	A	2.6%
NSA	C	2.6%
NXRT	B	2.21%

KBWY Underweight 77 Positions Relative to SMHB

Symbol	Grade	Weight
XRX	F	-4.09%
DTM	A	-3.81%
BXMT	C	-3.43%
DSS	F	-2.87%
TWO	F	-2.87%
CIM	D	-2.62%
BDN	C	-2.41%
BGS	F	-2.41%
ABR	C	-2.21%
APAM	B	-2.02%
PAGP	A	-1.88%
UNIT	B	-1.86%
UWMC	D	-1.84%
ARR	D	-1.65%
NHI	D	-1.64%
ORC	B	-1.51%
CCOI	B	-1.51%
PSEC	D	-1.47%
IVR	F	-1.43%
PMT	C	-1.35%
MFA	D	-1.27%
RWT	D	-1.24%
CTRE	C	-1.16%
PETS	C	-1.13%
MAIN	A	-1.09%
HTGC	D	-1.03%
ARI	C	-1.02%
EFC	C	-1.0%
GSBD	F	-0.94%
NEWT	C	-0.94%
NYMT	C	-0.93%
DX	B	-0.89%
KREF	C	-0.8%
VGR	B	-0.79%
NWBI	B	-0.77%
GBDC	D	-0.73%
CODI	B	-0.72%
VNOM	A	-0.65%
SCS	C	-0.65%
RC	D	-0.65%
ACRE	B	-0.64%
LADR	B	-0.62%
TSLX	C	-0.62%
HESM	B	-0.59%
UVV	B	-0.54%
OCSL	F	-0.54%
AROC	A	-0.53%
ILPT	F	-0.49%
BRSP	C	-0.49%
WSR	A	-0.46%
ALX	D	-0.45%
RMR	F	-0.38%
NMFC	D	-0.38%
UHT	D	-0.36%
GPMT	C	-0.34%
CSWC	D	-0.34%
FSP	B	-0.29%
TRTX	C	-0.29%
TCPC	C	-0.27%
CGBD	C	-0.25%
BCSF	C	-0.24%
TPVG	B	-0.23%
PFLT	D	-0.23%
SLRC	A	-0.23%
UVE	B	-0.22%
BBDC	A	-0.22%
KRO	C	-0.2%
EBF	F	-0.18%
GAIN	B	-0.17%
PNNT	C	-0.16%
OLP	B	-0.16%
FDUS	A	-0.16%
GLAD	B	-0.15%
BFS	C	-0.14%
TRIN	A	-0.12%
CCAP	A	-0.1%
REPX	A	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers