PCEF vs. VEGA ETF Comparison

Comparison of PowerShares CEF Income Composite Portfolio (PCEF) to AdvisorShares STAR Global Buy-Write ETF (VEGA)
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

$19.50

Average Daily Volume

108,475

Number of Holdings *

103

* may have additional holdings in another (foreign) market
VEGA

AdvisorShares STAR Global Buy-Write ETF

VEGA Description The investment seeks consistent repeatable returns across all market cycles. The fund is a "fund of funds" and intends to invest primarily in exchange-traded funds ("ETFs") and exchange-traded notes ("ETNs") that seek to track a diversified basket of global indices and investment sectors that meet certain selection criteria. It also may invest, subject to the same selection criteria, in exchange-traded pooled investment vehicles. The Sub-Advisor seeks to achieve the fund's investment objective by using a proprietary overwrite strategy known as Volatility Enhanced Global Appreciation ("VEGA").

Grade (RS Rating)

Last Trade

$44.11

Average Daily Volume

2,997

Number of Holdings *

5

* may have additional holdings in another (foreign) market
Performance
Period PCEF VEGA
30 Days 1.41% 0.83%
60 Days 1.22% 0.93%
90 Days 3.67% 1.71%
12 Months 22.92% 18.93%
0 Overlapping Holdings
Symbol Grade Weight in PCEF Weight in VEGA Overlap
PCEF Overweight 103 Positions Relative to VEGA
Symbol Grade Weight
EXG C 4.37%
BIGZ A 3.13%
BMEZ D 2.98%
JPC A 2.95%
BSTZ A 2.87%
ETY B 2.8%
BDJ C 2.68%
BCAT A 2.49%
BXMX A 2.45%
ETV A 2.44%
NFJ B 2.33%
QQQX B 2.18%
BST B 1.91%
JFR A 1.76%
ETW B 1.73%
EVV C 1.68%
BTZ C 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 B 1.24%
HFRO F 1.21%
FFC D 1.2%
BBN D 1.17%
DSL B 1.16%
AWF C 1.08%
DIAX A 1.04%
WIW D 1.0%
BGY B 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 B 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 B 0.55%
BUI C 0.54%
ISD C 0.53%
BLW B 0.52%
VVR D 0.51%
FRA B 0.5%
BHK D 0.5%
EDD D 0.5%
FFA A 0.49%
PPT C 0.49%
STK A 0.48%
HIX B 0.47%
SPXX A 0.47%
BGH B 0.46%
JGH A 0.45%
DSU B 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 B 0.39%
FCT A 0.39%
MCI C 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 B 0.34%
PCF B 0.33%
DHY A 0.32%
HPF D 0.32%
DHF A 0.31%
FLC D 0.29%
PFL C 0.29%
IDE C 0.28%
BGT B 0.27%
DBL C 0.24%
TSI D 0.24%
IGA A 0.24%
HEQ B 0.24%
BGX A 0.19%
HYB A 0.19%
NHS D 0.18%
EHI C 0.18%
VBF D 0.18%
MSD C 0.17%
EVG C 0.15%
CIK C 0.14%
PHD A 0.14%
PCEF Underweight 5 Positions Relative to VEGA
Symbol Grade Weight
IUSB C -21.9%
IWP A -5.93%
MBB C -5.3%
DYNF A -4.45%
GOVT D -3.31%
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