PHDG vs. CGBL ETF Comparison

Comparison of PowerShares S&P 500 Downside Hedged Portfolio (PHDG) to Capital Group Core Balanced ETF (CGBL)

PHDG

PowerShares S&P 500 Downside Hedged Portfolio

PHDG Description

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500® Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

Grade (RS Rating)

Last Trade

$37.90

Average Daily Volume

14,037

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CGBL

Capital Group Core Balanced ETF

CGBL Description

In seeking to pursue its investment objective, the fund varies its mix of direct or indirect exposure to equity securities, debt securities and money market instruments and cash. Under normal market conditions, the fund"s investment adviser will maintain the following investment mix: 50%-75% in equity securities, at least 25% in debt securities, and the remainder of the fund"s assets (if any) in money market instruments and cash. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.12

Average Daily Volume

298,635

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PHDG	CGBL
30 Days	0.20%	1.87%
60 Days	-0.23%	3.05%
90 Days	1.41%	4.29%
12 Months	22.98%

3 Overlapping Holdings

Symbol	Grade	Weight in PHDG	Weight in CGBL	Overlap
GOOG	D	0.92%	2.31%	0.92%
META	A	1.3%	2.75%	1.3%
MSFT	C	3.52%	3.51%	3.51%

PHDG Overweight 5 Positions Relative to CGBL

Symbol	Grade	Weight
AAPL	C	3.75%
NVDA	D	3.34%
AMZN	C	1.86%
GOOGL	D	1.09%
BRK.A	C	0.98%

PHDG Underweight 6 Positions Relative to CGBL

Symbol	Grade	Weight
CGCP	A	-32.07%
AVGO	C	-4.93%
LLY	C	-2.24%
TSM	C	-2.23%
VRTX	D	-2.03%
PM	C	-1.84%