PCEF vs. FXED ETF Comparison

Comparison of PowerShares CEF Income Composite Portfolio (PCEF) to Sound Enhanced Fixed Income ETF (FXED)

PCEF

PowerShares CEF Income Composite Portfolio

PCEF Description

The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.43

Average Daily Volume

106,870

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.75

Average Daily Volume

7,622

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PCEF	FXED
30 Days	0.19%	-1.83%
60 Days	1.12%	-2.03%
90 Days	3.33%	0.36%
12 Months	22.51%	12.47%

1 Overlapping Holdings

	Symbol	Grade	Weight in PCEF	Weight in FXED	Overlap
	AWF	C	1.08%	2.86%	1.08%

PCEF Overweight 102 Positions Relative to FXED

Symbol	Grade	Weight
EXG	B	4.37%
BIGZ	A	3.13%
BMEZ	D	2.98%
JPC	A	2.95%
BSTZ	A	2.87%
ETY	A	2.8%
BDJ	B	2.68%
BCAT	A	2.49%
BXMX	A	2.45%
ETV	A	2.44%
NFJ	A	2.33%
QQQX	B	2.18%
BST	B	1.91%
JFR	A	1.76%
ETW	B	1.73%
EVV	D	1.68%
BTZ	D	1.5%
EOS	A	1.44%
CII	B	1.43%
FPF	C	1.33%
HTD	A	1.32%
PDO	C	1.32%
HYT	A	1.27%
BOE	A	1.24%
HFRO	F	1.21%
FFC	D	1.2%
BBN	D	1.17%
DSL	C	1.16%
DIAX	A	1.04%
WIW	D	1.0%
BGY	C	0.99%
EOI	A	0.97%
JQC	A	0.92%
ETJ	B	0.91%
LDP	D	0.88%
EMD	C	0.84%
BME	D	0.83%
PDT	C	0.73%
IGD	A	0.71%
PHK	C	0.68%
NPFD	A	0.68%
BGR	A	0.67%
DFP	D	0.66%
ETB	A	0.64%
PCN	A	0.61%
EAD	C	0.59%
BIT	D	0.57%
HIO	B	0.55%
NBB	D	0.55%
PFN	A	0.55%
BUI	D	0.54%
ISD	C	0.53%
BLW	C	0.52%
VVR	D	0.51%
FRA	B	0.5%
BHK	C	0.5%
EDD	D	0.5%
FFA	A	0.49%
PPT	D	0.49%
STK	A	0.48%
HIX	A	0.47%
SPXX	B	0.47%
BGH	B	0.46%
JGH	B	0.45%
DSU	A	0.45%
ERC	C	0.41%
EOD	C	0.4%
MCR	C	0.4%
HPS	D	0.4%
MMT	C	0.39%
EFR	A	0.39%
FTF	C	0.39%
FCT	A	0.39%
MCI	B	0.39%
HPI	D	0.38%
TEI	D	0.37%
EFT	A	0.36%
MIN	D	0.36%
PSF	D	0.35%
GBAB	F	0.34%
PHT	C	0.34%
PCF	B	0.33%
DHY	B	0.32%
HPF	D	0.32%
DHF	A	0.31%
FLC	D	0.29%
PFL	C	0.29%
IDE	A	0.28%
BGT	B	0.27%
DBL	D	0.24%
TSI	D	0.24%
IGA	A	0.24%
HEQ	C	0.24%
BGX	A	0.19%
HYB	B	0.19%
NHS	D	0.18%
EHI	C	0.18%
VBF	D	0.18%
MSD	C	0.17%
EVG	D	0.15%
CIK	C	0.14%
PHD	A	0.14%

PCEF Underweight 23 Positions Relative to FXED

Symbol	Grade	Weight
HTGC	D	-3.47%
ARCC	A	-3.35%
GBDC	D	-2.87%
PFLT	D	-2.77%
TSLX	C	-2.54%
CMSD	C	-2.29%
SPG	A	-2.19%
SOJD	D	-2.09%
PCY	C	-2.07%
HYEM	A	-1.98%
T	A	-1.95%
VICI	C	-1.41%
WHF	F	-1.25%
OHI	C	-1.12%
PLYM	F	-1.12%
O	C	-1.11%
BXSL	A	-1.06%
PINE	C	-1.0%
NNN	C	-0.69%
NHI	D	-0.55%
PK	C	-0.55%
APLE	B	-0.41%
GLPI	C	-0.33%

PCEF: Top Represented Industries & Keywords

Industries: Asset Management Other