OCFS vs. FIW ETF Comparison

Comparison of Professionally Managed Portfolios Otter Creek Focus Strategy ETF (OCFS) to First Trust ISE Water Index Fund (FIW)

OCFS

Professionally Managed Portfolios Otter Creek Focus Strategy ETF

OCFS Description

The fund is an actively-managed ETF that invests in U.S.-listed equity securities of small- and mid-capitalization companies. The fund invests primarily in publicly traded stocks of U.S. companies which the Advisor considers to have a small to mid-size market capitalization. The fund may invest up to 20% of its total assets in U.S. dollar denominated foreign equity securities, including through American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") issued by U.S. depository banks, which are traded on U.S. exchanges.

Grade (RS Rating)

Last Trade

$26.78

Average Daily Volume

5,168

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FIW

First Trust ISE Water Index Fund

FIW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE Water Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$108.73

Average Daily Volume

37,828

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OCFS	FIW
30 Days	7.05%	3.33%
60 Days	9.93%	5.16%
90 Days	10.14%	7.63%
12 Months		28.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in OCFS	Weight in FIW	Overlap
	TTEK	C	4.23%	3.67%	3.67%

OCFS Overweight 9 Positions Relative to FIW

Symbol	Grade	Weight
BWIN	B	7.27%
VRT	C	6.54%
PSN	B	5.86%
COHR	C	5.14%
PWR	B	4.78%
DT	C	4.55%
AZPN	B	4.43%
LHX	C	4.29%
GLW	C	4.15%

OCFS Underweight 32 Positions Relative to FIW

Symbol	Grade	Weight
VLTO	C	-4.76%
AWK	B	-4.67%
ECL	B	-4.2%
XYL	C	-3.88%
PNR	B	-3.85%
ROP	C	-3.81%
MLI	A	-3.75%
A	C	-3.74%
WTRG	D	-3.64%
WAT	C	-3.59%
ACM	B	-3.58%
IDXX	C	-3.25%
AOS	D	-3.16%
IEX	D	-3.16%
WMS	D	-2.91%
PRMW	B	-2.74%
WTS	C	-2.66%
VMI	D	-2.42%
BMI	A	-2.42%
CNM	F	-2.36%
CWT	C	-2.19%
AWR	B	-2.15%
FLS	D	-2.06%
ITRI	C	-2.02%
HWKN	C	-1.96%
ZWS	A	-1.93%
FELE	C	-1.73%
MWA	B	-1.5%
SBS	C	-1.25%
SJW	C	-1.24%
LNN	D	-1.15%
MEG	F	-0.8%