PBJ vs. AREA ETF Comparison

Comparison of PowerShares Dynamic Food & Beverage (PBJ) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

PBJ

PowerShares Dynamic Food & Beverage

PBJ Description

The PowerShares Dynamic Food & Beverage Portfolio (Fund) is based on the Dynamic Food & Beverage IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US food and beverage companies. These are companies that are principally engaged in the manufacture, sale or distribution of sale or distribution of food and beverage products, agricultural products and products related to the development of new food technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$47.79

Average Daily Volume

8,672

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AREA

Harbor AlphaEdge Next Generation REITs ETF

AREA Description

AREA targetsNext Generation REITs through a proprietary rules-based methodology. Instead of traditional office, multi-family, retail, and industrial REITs, the fund favors non-traditional REITs (e.g., data center, gaming, healthcare & life sciences, hotel & motel, manufactured homes, and self-storage). From an index universe of 3,000 US-listed securities, the fund relies on FactSets RBICS sub-industry classification in filtering Next-Gen REITs. Each qualified company is scored across five factor composites (capital deployment, momentum, quality, risk, and valuation) for a combined stock selection score based on prevailing business cycle regimes. The index provider then selects and weights securities using an optimizer that measures the risk-adjusted returns of the portfolio against a benchmark with similar holdings. The fund holds between 35 and 70 REITs, subject to certain capping limits. The index is reconstituted and rebalanced monthly.

Grade (RS Rating)

Last Trade

$20.01

Average Daily Volume

182

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PBJ	AREA
30 Days	1.04%	-1.81%
60 Days	-0.29%	-4.28%
90 Days	1.66%
12 Months	10.12%

0 Overlapping Holdings

	Symbol	Grade	Weight in PBJ	Weight in AREA	Overlap

PBJ Overweight 29 Positions Relative to AREA

Symbol	Grade	Weight
KR	B	5.52%
CTVA	C	5.14%
SYY	D	4.98%
STZ	D	4.97%
GIS	D	4.44%
KHC	F	4.35%
KO	D	4.33%
KDP	F	4.3%
SFM	A	3.76%
CALM	A	3.6%
FDP	B	3.18%
TAP	C	3.16%
PPC	C	3.16%
FRPT	B	3.03%
WMK	C	2.89%
AGRO	D	2.86%
TSN	B	2.76%
CHEF	A	2.69%
ANDE	D	2.64%
IMKTA	C	2.6%
KLG	B	2.57%
DOLE	D	2.53%
BG	D	2.49%
COKE	C	2.48%
NOMD	D	2.47%
VITL	D	2.46%
ADM	D	2.38%
CAG	F	2.33%
WING	D	2.19%

PBJ Underweight 33 Positions Relative to AREA

Symbol	Grade	Weight
WY	F	-7.01%
LAMR	C	-6.89%
AMT	C	-6.24%
SBAC	D	-6.1%
EXR	C	-6.05%
HST	C	-5.76%
CUBE	C	-5.4%
ELS	C	-3.81%
IRM	C	-3.75%
EPR	C	-3.65%
SBRA	C	-3.64%
DRH	B	-3.58%
RYN	D	-3.56%
VICI	C	-3.24%
SHO	D	-2.87%
NHI	D	-2.8%
PSA	C	-2.59%
OHI	C	-2.55%
DOC	C	-2.5%
LAND	F	-2.21%
PK	C	-1.74%
OUT	A	-1.5%
SILA	C	-1.26%
NSA	C	-1.21%
LTC	B	-1.13%
INN	D	-1.06%
VTR	B	-1.0%
CCI	C	-0.71%
GLPI	C	-0.48%
INVH	D	-0.42%
XHR	B	-0.26%
PEB	D	-0.25%
DHC	F	-0.19%

PBJ: Top Represented Industries & Keywords

Industries: Packaged Foods Farm Products Grocery Stores Beverages - Soft Drinks Food Distribution Agricultural Inputs Beverages - Brewers Beverages - Wineries & Distilleries Restaurants