PCEF vs. PFFA ETF Comparison

Comparison of PowerShares CEF Income Composite Portfolio (PCEF) to Virtus InfraCap U.S. Preferred Stock ETF (PFFA)

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

$19.61

Average Daily Volume

149,158

Number of Holdings ^*

104

* may have additional holdings in another (foreign) market

PFFA

Virtus InfraCap U.S. Preferred Stock ETF

PFFA Description

The investment seeks current income and, secondarily, capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.88

Average Daily Volume

441,019

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PCEF	PFFA
30 Days	2.36%	4.95%
60 Days	6.44%	7.80%
90 Days	6.01%	7.75%
12 Months	28.73%	33.58%

0 Overlapping Holdings

	Symbol	Grade	Weight in PCEF	Weight in PFFA	Overlap

PCEF Overweight 104 Positions Relative to PFFA

Symbol	Grade	Weight
EXG	A	4.33%
JPC	C	4.03%
BIGZ	A	3.2%
BMEZ	C	3.07%
BSTZ	B	2.7%
BDJ	A	2.64%
ETY	A	2.61%
BCAT	A	2.59%
BXMX	A	2.32%
ETV	A	2.29%
NFJ	A	2.25%
QQQX	A	1.98%
EVV	A	1.74%
ETW	A	1.7%
FPF	A	1.68%
BBN	C	1.64%
BTZ	A	1.5%
HFRO	D	1.42%
JFR	A	1.35%
HTD	A	1.33%
PDO	A	1.32%
FFC	C	1.31%
EOS	C	1.3%
BOE	A	1.28%
BST	B	1.26%
CII	C	1.24%
HYT	A	1.21%
DSL	A	1.16%
AWF	A	1.12%
BGY	A	1.06%
DIAX	A	0.98%
WIW	A	0.98%
PDT	A	0.96%
EMD	A	0.95%
LDP	A	0.91%
ETJ	A	0.89%
JQC	C	0.89%
BME	B	0.86%
EOI	A	0.8%
NPFD	A	0.74%
DFP	A	0.73%
IGD	B	0.73%
NBB	C	0.71%
ISD	A	0.67%
EAD	A	0.67%
BGR	A	0.63%
PHK	A	0.63%
ETB	B	0.61%
EDD	A	0.6%
PCN	A	0.6%
HIO	A	0.56%
PFN	A	0.55%
BHK	A	0.55%
BUI	C	0.54%
PPT	A	0.51%
BLW	A	0.51%
BIT	A	0.49%
VVR	D	0.49%
FFA	C	0.46%
MIN	A	0.45%
FRA	A	0.45%
STK	C	0.45%
SPXX	B	0.44%
TEI	A	0.44%
FTF	A	0.44%
BGH	A	0.44%
DSU	A	0.43%
HPS	A	0.42%
HIX	A	0.4%
MCR	A	0.4%
MMT	A	0.4%
HPI	A	0.4%
EOD	A	0.39%
ERC	A	0.39%
PSF	A	0.37%
GBAB	D	0.36%
JGH	A	0.35%
PHT	B	0.34%
FLC	A	0.33%
MCI	A	0.33%
HPF	A	0.32%
EFR	D	0.31%
DHF	C	0.31%
FCT	A	0.31%
IDE	A	0.28%
EFT	D	0.28%
PFL	A	0.28%
DBL	B	0.27%
DHY	B	0.26%
HEQ	A	0.24%
BGT	C	0.24%
MSD	A	0.23%
BGX	D	0.23%
IGA	B	0.23%
TSI	A	0.21%
VBF	C	0.19%
PCF	A	0.19%
NHS	B	0.18%
EVG	A	0.17%
CIK	A	0.16%
HYB	A	0.16%
EHI	D	0.15%
PHD	B	0.14%
MCN	D	0.12%

PCEF Underweight 21 Positions Relative to PFFA

Symbol	Grade	Weight
SLMBP	D	-3.4%
NYMTN	A	-2.38%
VLYPP	B	-1.83%
NYMTM	A	-1.53%
UGI	C	-1.18%
CTDD	C	-0.96%
UZE	B	-0.7%
HTIBP	B	-0.59%
VLYPO	A	-0.37%
LBRDP	B	-0.16%
NEE	A	-0.13%
OXLCO	B	-0.12%
ATLCP	C	-0.07%
OZKAP	A	-0.04%
XOMAP	A	-0.03%
WTFCP	A	-0.03%
DCOMP	C	-0.02%
LANDO	A	-0.02%
NYMTL	C	-0.01%
ESGRP	F	-0.0%
SREA	A	-0.0%

PCEF: Top Represented Industries & Keywords

Industries: Asset Management Other