PEY vs. GPOW ETF Comparison

Comparison of PowerShares High Yield Dividend Achievers (PEY) to Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)

PEY

PowerShares High Yield Dividend Achievers

PEY Description

The PowerShares High Yield Equity Dividend Achievers Portfolio (Fund) is based on the NASDAQ US Dividend AchieversTM 50 Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Mergent Dividend Achievers 50 Index to NASDAQ Dividend Achievers 50 Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$22.77

Average Daily Volume

193,365

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GPOW

Goldman Sachs North American Pipelines & Power Equity ETF

GPOW Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is designed to deliver exposure to equity securities of U.S. and Canadian listed companies, including companies structured as master limited partnerships, operating in the pipelines and power universe. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.76

Average Daily Volume

1,342

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PEY	GPOW
30 Days	4.91%	10.14%
60 Days	5.63%	12.29%
90 Days	6.58%	16.25%
12 Months	23.76%	42.12%

1 Overlapping Holdings

	Symbol	Grade	Weight in PEY	Weight in GPOW	Overlap
	UGI	A	2.61%	1.94%	1.94%

PEY Overweight 48 Positions Relative to GPOW

Symbol	Grade	Weight
WBA	F	3.67%
MO	A	3.37%
FIBK	A	2.89%
BEN	C	2.89%
VZ	C	2.84%
CCOI	B	2.8%
UVV	B	2.66%
KEY	B	2.39%
BMY	B	2.38%
UPS	C	2.35%
TROW	B	2.29%
NWN	A	2.21%
TFC	A	2.18%
PFE	D	2.18%
WSBC	A	2.16%
AVA	A	2.15%
NWE	B	2.14%
EVRG	A	2.07%
CVX	A	2.07%
SR	A	2.06%
BKH	A	2.05%
RF	A	2.04%
OGE	B	2.03%
PRU	A	1.99%
PM	B	1.99%
LYB	F	1.95%
USB	A	1.95%
PNW	B	1.86%
UBSI	B	1.8%
INDB	B	1.77%
POR	C	1.72%
PNC	B	1.67%
WEC	A	1.67%
FLO	D	1.67%
TRN	C	1.67%
ES	D	1.67%
PRGO	B	1.54%
MAN	D	1.51%
IBM	C	1.5%
IPG	D	1.46%
BBY	D	1.45%
SON	D	1.42%
EMN	D	1.41%
HPQ	B	1.38%
KMB	D	1.38%
MMM	D	1.24%
SWK	D	1.19%
NXST	C	1.12%

PEY Underweight 32 Positions Relative to GPOW

Symbol	Grade	Weight
OKE	A	-8.33%
TRGP	B	-7.79%
LNG	B	-6.2%
KMI	A	-6.1%
WMB	A	-6.0%
ET	A	-4.15%
EPD	A	-3.04%
AM	A	-2.69%
ENLC	A	-1.97%
ORA	B	-1.89%
DTM	B	-1.83%
PAA	B	-1.79%
MPLX	A	-1.71%
CQP	B	-1.69%
WES	C	-1.64%
WKC	D	-1.15%
PAGP	A	-1.09%
HESM	B	-1.09%
NJR	A	-0.97%
CWEN	C	-0.9%
AY	B	-0.89%
NEP	F	-0.74%
SUN	B	-0.73%
NEXT	B	-0.49%
NFE	D	-0.41%
KNTK	B	-0.41%
CLNE	D	-0.33%
EE	A	-0.21%
GLP	A	-0.19%
NGL	D	-0.15%
DKL	C	-0.14%
SPH	B	-0.12%