NIXT vs. PSP ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to PowerShares Listed Private Equity (PSP)

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

41,419

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

PSP

PowerShares Listed Private Equity

PSP Description

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$70.93

Average Daily Volume

17,166

Number of Holdings ^*

26

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	PSP
30 Days	5.30%	5.04%
60 Days	4.25%	4.30%
90 Days		9.07%
12 Months		39.67%

1 Overlapping Holdings

	Symbol	Grade	Weight in NIXT	Weight in PSP	Overlap
	IAC	D	0.63%	1.07%	0.63%

NIXT Overweight 136 Positions Relative to PSP

	Symbol	Grade	Weight
	LUMN	C	4.02%
	TDS	B	1.29%
	AFRM	B	1.25%
	LITE	B	1.19%
	HBI	B	1.18%
	FTDR	A	1.15%
	LBRDK	C	1.13%
	BFH	B	1.13%
	SIRI	C	1.08%
	ACIW	B	1.02%
	VNO	B	1.0%
	DNLI	D	1.0%
	SLG	B	1.0%
	CHRW	C	0.99%
	OMCL	C	0.98%
	SNDR	B	0.96%
	BKU	A	0.96%
	VFC	C	0.95%
	GEN	B	0.93%
	MAC	B	0.89%
	DEI	B	0.87%
	UAA	C	0.86%
	CMA	A	0.85%
	BXP	D	0.82%
	SMTC	B	0.82%
	NRG	B	0.82%
	MKTX	D	0.81%
	AMBA	B	0.81%
	FHB	A	0.81%
	PNM	F	0.81%
	SABR	C	0.8%
	LOPE	B	0.8%
	EQH	B	0.8%
	PNW	B	0.8%
	CCOI	B	0.8%
	REG	B	0.79%
	LNC	B	0.79%
	FNF	B	0.78%
	MSGS	A	0.77%
	RL	B	0.77%
	HIW	D	0.77%
	TNL	A	0.76%
	SHC	F	0.75%
	OUT	A	0.75%
	UHS	D	0.75%
	OGS	A	0.75%
	PAYC	B	0.75%
	ELS	C	0.75%
	MASI	A	0.75%
	BIO	D	0.74%
	JWN	C	0.74%
	TFSL	A	0.74%
	RNG	B	0.74%
	KMX	B	0.73%
	VYX	B	0.73%
	DBX	B	0.73%
	RIVN	F	0.72%
	ALLY	C	0.72%
	MP	B	0.72%
	CRUS	D	0.72%
	ZD	C	0.7%
	SAM	C	0.7%
	CNA	B	0.7%
	NWL	B	0.7%
	FRT	B	0.69%
	EPR	D	0.69%
	DXC	B	0.69%
	EMN	D	0.69%
	HE	C	0.68%
	EQC	B	0.68%
	FL	F	0.68%
	AVT	C	0.68%
	ALE	A	0.68%
	CTLT	B	0.67%
	JBLU	F	0.67%
	PINC	B	0.67%
	NVST	B	0.66%
	APLE	B	0.66%
	YETI	C	0.66%
	JKHY	D	0.65%
	JBGS	D	0.65%
	CAR	C	0.64%
	SPR	D	0.63%
	HAS	D	0.63%
	GAP	C	0.63%
	HLF	C	0.62%
	MTCH	D	0.62%
	FMC	D	0.61%
	CABO	C	0.61%
	NEU	C	0.61%
	AMED	F	0.61%
	NOMD	D	0.6%
	PARA	C	0.59%
	ASAN	C	0.59%
	RAMP	C	0.58%
	NGVT	B	0.58%
	HAE	C	0.58%
	HST	C	0.58%
	VAC	B	0.58%
	TFX	F	0.57%
	SGRY	F	0.57%
	NOV	C	0.56%
	PK	B	0.56%
	HP	B	0.54%
	AZTA	D	0.54%
	ARWR	F	0.53%
	PLUG	F	0.53%
	HTZ	C	0.51%
	ENOV	C	0.51%
	CBRL	C	0.51%
	MOS	F	0.51%
	IART	C	0.5%
	VIR	D	0.5%
	LCID	F	0.5%
	BMBL	C	0.49%
	HELE	C	0.46%
	ETSY	D	0.46%
	CRI	D	0.46%
	AEO	F	0.45%
	MQ	F	0.44%
	NSP	D	0.44%
	BBWI	D	0.43%
	ACLS	F	0.43%
	KSS	F	0.43%
	ZI	D	0.42%
	XRX	F	0.4%
	NTLA	F	0.39%
	CVI	F	0.39%
	XRAY	F	0.39%
	LEG	F	0.39%
	MRVI	F	0.37%
	QRVO	F	0.35%
	TRIP	F	0.32%
	SVC	F	0.27%
	SAGE	F	0.22%
	AGL	F	0.19%

NIXT Underweight 25 Positions Relative to PSP

	Symbol	Grade	Weight
	TPG	A	-5.77%
	BX	A	-5.75%
	KKR	A	-5.61%
	CG	A	-4.65%
	OWL	A	-3.85%
	ARCC	A	-3.12%
	HLNE	B	-3.01%
	STEP	B	-2.55%
	GHC	C	-1.45%
	BBUC	B	-1.19%
	FSK	A	-0.97%
	CODI	B	-0.77%
	GBDC	C	-0.72%
	BXSL	A	-0.71%
	PX	A	-0.55%
	CNNE	B	-0.49%
	MAIN	A	-0.49%
	HTGC	D	-0.47%
	SLRC	A	-0.24%
	BCSF	C	-0.23%
	BBDC	A	-0.23%
	NMFC	D	-0.22%
	TSLX	C	-0.22%
	CSWC	D	-0.21%
	GSBD	F	-0.21%

NIXT: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Information Technology Services REIT - Office Apparel Manufacturing Medical Instruments & Supplies Banks - Regional - US REIT - Hotel & Motel REIT - Retail Telecom Services Utilities - Regulated Electric Apparel Stores Household & Personal Products Semiconductor Equipment & Materials Semiconductors Software - Infrastructure Agricultural Inputs Auto Manufacturers Business Services Department Stores

Keywords: S&P 500 Real Estate Investment Trust Bank Computing Insurance Real Estate Market Software Chemical Medicine Biotechnology Clothing Department Store Electronics Fashion Software As A Service Telecommunications Banking Biopharmaceutical Broadband Cloud Computing

PSP: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Conglomerates Education & Training Services Internet Content & Information Specialty Finance

Keywords: Private Equity Business Development Venture Capital Mezzanine Capital Chemical Consumer Products Healthcare Service Wilshire Associates Aerospace Business Development Company Credit Golub Capital Investment Solutions Leveraged Buyout Loan Refinancing Beverage Blackstone Broadcasting Cable TV