PGX vs. FPFD ETF Comparison

Comparison of PowerShares Preferred Portfolio (PGX) to Fidelity Preferred Securities & Income ETF (FPFD)

PGX

PowerShares Preferred Portfolio

PGX Description

The PowerShares Preferred Portfolio is based on The BofA Merrill Lynch Core Plus Fixed Rate Preferred Securities Index. The Fund will normally invest at least 80% of its total assets in fixed rate US dollar-denominated preferred securities that comprise the Index. The Index tracks the performance of fixed rate US dollar-denominated preferred securities issued in the US domestic market. (Securities must be rated at least B3, based on an average of three leading ratings agencies: Moody’s, S&P and Fitch) and must have an investment-grade country risk profile (based on an average of Moody’s, S&P and Fitch foreign currency long-term sovereign debt ratings). The Fund and the Index are rebalanced and reconstituted on a monthly basis.

Grade (RS Rating)

Last Trade

$11.91

Average Daily Volume

3,031,172

Number of Holdings ^*

41

* may have additional holdings in another (foreign) market

FPFD

Fidelity Preferred Securities & Income ETF

FPFD Description

The investment seeks high total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of the fund's assets in preferred securities and other income-producing securities. It normally invests in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities. The fund primarily invests in securities rated at least BB by S&P, Ba by Moodys, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality. It is non-diversified.

Grade (RS Rating)

Last Trade

$21.92

Average Daily Volume

17,612

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

Performance

Period	PGX	FPFD
30 Days	-2.94%	-1.30%
60 Days	-3.47%	-2.01%
90 Days	0.71%	0.00%
12 Months	15.04%	13.12%

11 Overlapping Holdings

	Symbol	Grade	Weight in PGX	Weight in FPFD	Overlap
	ACGLO	D	0.28%	0.12%	0.12%
	AFGE	D	0.15%	0.31%	0.15%
	AIZN	D	0.21%	0.14%	0.14%
	ELC	D	0.21%	0.06%	0.06%
	PRS	C	0.51%	0.1%	0.1%
	RZC	C	0.69%	0.27%	0.27%
	SOJD	D	0.81%	0.28%	0.28%
	T	A	1.31%	1.11%	1.11%
	TBB	C	1.16%	0.21%	0.21%
	UNMA	C	0.28%	0.23%	0.23%
	UZE	A	0.42%	0.19%	0.19%

PGX Overweight 30 Positions Relative to FPFD

	Symbol	Grade	Weight
	BAC	A	0.8%
	TBC	C	0.74%
	SREA	D	0.67%
	CMSD	C	0.58%
	DUKB	D	0.46%
	CTDD	B	0.45%
	BPYPM	D	0.41%
	SOJC	D	0.4%
	PFH	D	0.36%
	RZB	C	0.36%
	DTW	D	0.35%
	ESGRP	D	0.31%
	MGR	D	0.27%
	CMSC	C	0.26%
	OZKAP	D	0.23%
	GPJA	D	0.23%
	EAI	D	0.23%
	NRUC	D	0.22%
	ENO	D	0.21%
	EMP	D	0.21%
	CMSA	C	0.18%
	SFB	D	0.18%
	FCNCO	C	0.17%
	AFGC	D	0.17%
	BPYPO	D	0.15%
	BPYPN	C	0.15%
	AFGD	C	0.14%
	BPYPP	D	0.11%
	AFGB	C	0.11%
	BPOPM	C	0.03%

PGX Underweight 2 Positions Relative to FPFD

	Symbol	Grade	Weight
	AQNB	C	-0.2%
	WTFCM	A	-0.13%

PGX: Top Represented Industries & Keywords

Industries: Other Real Estate Services Banks - Regional Insurance Insurance - Diversified Banks Banks - Global Telecom Services

Keywords: Electricity Natural Gas Insurance Brookfield Property Partners Entergy Bank Broadband Brookfield Asset Management Core Office Gas Pipeline Gulf States Utilities Indian Point Energy Center Internet Access Voice Services Wireless Data American Financial Group Banking Brookfield Infrastructure Partners Carl Henry Lindner Jr. Casualty Insurance

FPFD: Top Represented Industries & Keywords

Industries: Other Banks - Regional - US Insurance - Diversified Telecom Services

Keywords: Insurance Broadband Electricity Hands Free Devices Internet Access Natural Gas Personal Computer Wireless Data Cards Retail Store Telecommunications Voice And Data Voice Services Wireless Data Wireless Voice American Depositary Receipt American Financial Group Annuity Products Arch Capital Group Asset Management Assurant Bank