LSAF vs. PKW ETF Comparison

Comparison of LeaderShares AlphaFactor US Core Equity ETF (LSAF) to PowerShares Buyback Achievers (PKW)

LSAF

LeaderShares AlphaFactor US Core Equity ETF

LSAF Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the AlphaFactor® US Core Equity Index. Under normal circumstances, at least 80% of the fund's net assets, including any borrowings for investment purposes, will be invested in a diversified portfolio of equity securities of U.S. common stocks included in the index. The index utilizes a quantitative rules-based investment methodology that applies a multi-factor ranking process and is focused on the largest 1,000 U.S. common stocks based on market capitalization.

Grade (RS Rating)

Last Trade

$43.63

Average Daily Volume

11,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc. replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ Buyback Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$123.75

Average Daily Volume

17,079

Number of Holdings ^*

191

* may have additional holdings in another (foreign) market

Performance

Period	LSAF	PKW
30 Days	5.32%	7.20%
60 Days	6.52%	9.19%
90 Days	9.24%	12.10%
12 Months	34.17%	36.73%

41 Overlapping Holdings

Symbol	Grade	Weight in LSAF	Weight in PKW	Overlap
AFL	B	0.95%	2.05%	0.95%
AIG	B	0.98%	1.6%	0.98%
AMG	B	1.0%	0.18%	0.18%
AN	C	0.89%	0.21%	0.21%
AZO	C	0.92%	1.77%	0.92%
BKNG	A	1.17%	5.49%	1.17%
BLDR	D	0.85%	0.68%	0.68%
CSL	C	0.93%	0.66%	0.66%
DD	D	0.88%	1.12%	0.88%
EEFT	B	1.0%	0.15%	0.15%
EQH	B	1.05%	0.49%	0.49%
EXP	A	1.01%	0.33%	0.33%
EXPE	B	1.17%	0.73%	0.73%
FI	A	1.15%	4.0%	1.15%
FOXA	B	1.04%	0.33%	0.33%
HCA	F	0.78%	2.83%	0.78%
HIG	B	0.97%	1.13%	0.97%
HLT	A	1.03%	2.0%	1.03%
HRB	D	0.84%	0.27%	0.27%
LMT	D	0.88%	4.13%	0.88%
MAR	B	1.08%	2.59%	1.08%
MET	A	0.98%	1.91%	0.98%
MPC	D	0.93%	1.75%	0.93%
MTG	C	0.92%	0.21%	0.21%
MUSA	A	1.02%	0.35%	0.35%
NSA	D	0.87%	0.11%	0.11%
ORI	A	1.02%	0.32%	0.32%
ORLY	B	0.99%	2.3%	0.99%
PHM	D	0.84%	0.87%	0.84%
PRI	A	1.06%	0.33%	0.33%
PSX	C	0.95%	1.79%	0.95%
PVH	C	0.93%	0.18%	0.18%
SPB	C	0.9%	0.08%	0.08%
STLD	B	1.09%	0.71%	0.71%
SYF	B	1.24%	0.83%	0.83%
THC	D	0.85%	0.48%	0.48%
TMUS	B	1.08%	5.44%	1.08%
TOL	B	0.93%	0.5%	0.5%
TXT	D	0.9%	0.51%	0.51%
VST	B	1.32%	1.64%	1.32%
WMS	D	0.77%	0.34%	0.34%

LSAF Overweight 58 Positions Relative to PKW

Symbol	Grade	Weight
TRGP	B	1.34%
EXEL	B	1.27%
UNM	A	1.21%
OWL	A	1.19%
AAON	B	1.18%
GM	B	1.17%
PLNT	A	1.16%
DUOL	A	1.15%
FTNT	C	1.15%
AMP	A	1.15%
NTNX	A	1.14%
GS	A	1.14%
FICO	B	1.14%
CPAY	A	1.13%
LOPE	B	1.08%
CMI	A	1.08%
WSO	A	1.05%
GWRE	A	1.04%
RS	B	1.04%
MO	A	1.04%
WRB	A	1.04%
AXP	A	1.03%
JBL	B	1.03%
GEN	B	1.02%
RL	B	1.01%
LPX	B	1.0%
BR	A	1.0%
LNW	D	0.99%
REG	B	0.98%
H	B	0.97%
FIS	C	0.97%
IT	C	0.97%
UTHR	C	0.97%
WWD	B	0.96%
GOOGL	C	0.96%
DVA	B	0.95%
CAT	B	0.94%
SPGI	C	0.94%
LOW	D	0.93%
COLM	B	0.93%
POST	C	0.93%
AAPL	C	0.93%
SNX	C	0.92%
GPK	C	0.92%
PSN	D	0.91%
COKE	C	0.9%
CI	F	0.9%
EBAY	D	0.89%
MAS	D	0.88%
KBR	F	0.87%
NVR	D	0.86%
LEN	D	0.85%
SAIC	F	0.85%
BLD	D	0.84%
MHK	D	0.81%
FBIN	D	0.8%
MTD	D	0.76%
CROX	D	0.67%

LSAF Underweight 150 Positions Relative to PKW

Symbol	Grade	Weight
CMCSA	B	-4.88%
JNJ	D	-4.53%
DE	A	-3.61%
APP	B	-2.89%
PYPL	B	-2.83%
MCK	B	-2.61%
CSX	B	-2.21%
VLO	C	-1.51%
DFS	B	-1.42%
VRSK	A	-1.3%
CNC	D	-1.01%
CAH	B	-0.95%
STT	A	-0.94%
GDDY	A	-0.85%
CFG	B	-0.68%
L	A	-0.6%
EXPD	D	-0.55%
JEF	A	-0.5%
MGM	D	-0.37%
PAG	B	-0.35%
CACI	D	-0.33%
CNM	D	-0.28%
DINO	D	-0.27%
WH	B	-0.25%
BERY	B	-0.25%
BRKR	D	-0.24%
R	B	-0.23%
BYD	C	-0.22%
MTN	C	-0.22%
WSC	D	-0.22%
CHH	A	-0.22%
ARW	D	-0.2%
COOP	B	-0.2%
KBH	D	-0.19%
RH	B	-0.19%
CNX	A	-0.19%
GPI	A	-0.18%
VVV	F	-0.18%
SM	B	-0.17%
ABG	B	-0.17%
CRC	B	-0.17%
MATX	C	-0.17%
NXST	C	-0.17%
SLM	A	-0.17%
DDS	B	-0.17%
BC	C	-0.17%
OLN	D	-0.16%
NSIT	F	-0.16%
IDCC	A	-0.15%
HGV	B	-0.14%
GOLF	B	-0.14%
TNET	D	-0.14%
SKYW	B	-0.14%
ASGN	F	-0.13%
CVCO	A	-0.13%
DXC	B	-0.12%
CAR	C	-0.12%
GFF	A	-0.12%
WU	D	-0.12%
CEIX	A	-0.12%
TNL	A	-0.12%
ASH	D	-0.12%
ASO	F	-0.11%
ATGE	B	-0.11%
HP	B	-0.11%
BTU	B	-0.11%
DOCN	D	-0.11%
HUN	F	-0.11%
FBP	B	-0.11%
SLVM	B	-0.11%
TGNA	B	-0.1%
LBRT	D	-0.1%
PK	B	-0.1%
DEI	B	-0.1%
CARG	C	-0.1%
BHF	B	-0.1%
VIRT	B	-0.1%
ATKR	C	-0.1%
AMR	C	-0.1%
VAC	B	-0.1%
GNW	A	-0.1%
ENVA	B	-0.09%
SEB	F	-0.08%
PRG	C	-0.07%
GBX	A	-0.07%
HURN	B	-0.07%
IART	C	-0.06%
AZTA	D	-0.06%
CASH	A	-0.06%
SAH	A	-0.05%
PLAY	D	-0.05%
ATSG	B	-0.05%
PEB	D	-0.05%
XHR	B	-0.05%
PZZA	D	-0.05%
CSGS	B	-0.05%
NAVI	C	-0.05%
DXPE	B	-0.04%
INVA	D	-0.04%
DK	C	-0.04%
HTZ	C	-0.04%
CNNE	B	-0.04%
JBGS	D	-0.04%
EIG	B	-0.04%
SNCY	C	-0.03%
LQDT	B	-0.03%
CGEM	F	-0.03%
RYI	C	-0.03%
STGW	B	-0.03%
HCKT	B	-0.03%
PRA	C	-0.03%
EGBN	B	-0.03%
ODP	F	-0.03%
JACK	D	-0.03%
ECVT	C	-0.03%
AMN	F	-0.03%
LILAK	D	-0.03%
XRX	F	-0.03%
SBSI	B	-0.03%
TBPH	C	-0.02%
ANAB	F	-0.02%
NFBK	B	-0.02%
HONE	B	-0.02%
FPI	B	-0.02%
LXU	B	-0.02%
OPY	B	-0.02%
NR	B	-0.02%
IMXI	B	-0.02%
SCHL	D	-0.02%
ZIP	F	-0.02%
LPRO	C	-0.02%
CHGG	D	-0.01%
SKIN	D	-0.01%
DBI	F	-0.01%
ZYXI	D	-0.01%
ONTF	C	-0.01%
TASK	C	-0.01%
WSBF	C	-0.01%
RLGT	A	-0.01%
DENN	D	-0.01%
MBI	B	-0.01%
GCO	B	-0.01%
CCRN	F	-0.01%
LWAY	D	-0.01%
LOCO	D	-0.01%
SENEA	B	-0.01%
LSEA	D	-0.01%
NECB	B	-0.01%
KELYA	F	-0.01%
MX	F	-0.0%