PBJ vs. LBAY ETF Comparison

Comparison of PowerShares Dynamic Food & Beverage (PBJ) to Leatherback Long/Short Alternative Yield ETF (LBAY)

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

$48.32

Average Daily Volume

8,776

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LBAY

Leatherback Long/Short Alternative Yield ETF

LBAY Description

The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.54

Average Daily Volume

2,703

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PBJ	LBAY
30 Days	2.40%	-3.39%
60 Days	0.51%	-3.50%
90 Days	2.79%	-2.55%
12 Months	11.34%	5.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in PBJ	Weight in LBAY	Overlap
	BG	F	2.49%	4.57%	2.49%

PBJ Overweight 28 Positions Relative to LBAY

Symbol	Grade	Weight
KR	B	5.52%
CTVA	C	5.14%
SYY	B	4.98%
STZ	D	4.97%
GIS	D	4.44%
KHC	F	4.35%
KO	D	4.33%
KDP	D	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	C	2.57%
DOLE	D	2.53%
COKE	C	2.48%
NOMD	D	2.47%
VITL	D	2.46%
ADM	D	2.38%
CAG	D	2.33%
WING	D	2.19%

PBJ Underweight 51 Positions Relative to LBAY

Symbol	Grade	Weight
LW	C	-4.96%
XOM	B	-4.78%
ORI	A	-4.77%
MO	A	-4.64%
NEM	D	-4.59%
CMCSA	B	-4.57%
FIS	C	-4.54%
VTRS	A	-4.48%
ZBH	C	-4.41%
AGNC	D	-4.41%
CVS	D	-4.36%
BERY	B	-4.14%
ICE	C	-4.08%
MTN	C	-3.91%
V	A	-3.89%
MDT	D	-3.86%
UNP	C	-3.77%
T	A	-3.64%
LHX	C	-3.59%
EBAY	D	-3.58%
MMM	D	-3.53%
AWK	D	-3.45%
BKNG	A	-3.37%
RIO	D	-3.28%
MSCI	C	-3.15%
APD	A	-3.11%
SPGI	C	-2.92%
PCH	D	-2.79%
DE	A	-2.68%
SHAK	C	--1.21%
DKS	C	--1.21%
BURL	A	--1.26%
SITE	D	--1.27%
RBLX	C	--1.29%
EQIX	A	--1.38%
TSLA	B	--1.45%
EVR	B	--1.46%
SF	B	--1.48%
LLY	F	--1.48%
DKNG	B	--1.49%
DLR	B	--1.51%
CVNA	B	--1.53%
AAPL	C	--1.53%
DAL	C	--1.53%
TOL	B	--1.54%
PLNT	A	--1.54%
AVGO	D	--1.54%
SQ	B	--1.56%
VRT	B	--1.63%
OLLI	D	--1.69%
DUOL	A	--1.85%

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