PPA vs. MADE ETF Comparison

Comparison of PowerShares Aerospace & Defense (PPA) to iShares U.S. Manufacturing ETF (MADE)

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADEâ¢ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$119.81

Average Daily Volume

233,248

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MADE

iShares U.S. Manufacturing ETF

MADE Description

The underlying index is designed to measure the performance of equity securities of U.S.-domiciled companies that are involved in manufacturing and manufacturing-related industries and that generate a certain amount of revenues in the U.S., among other eligibility criteria, as determined by SPDJI. The fund generally will invest at least 80% of its assets in the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.15

Average Daily Volume

2,172

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPA	MADE
30 Days	3.44%	5.27%
60 Days	11.55%	13.23%
90 Days	12.11%	14.39%
12 Months	44.40%

27 Overlapping Holdings

Symbol	Grade	Weight in PPA	Weight in MADE	Overlap
APH	A	1.84%	4.18%	1.84%
AXON	A	3.23%	0.55%	0.55%
BA	F	7.01%	1.56%	1.56%
BWXT	C	1.34%	0.18%	0.18%
CW	B	1.37%	0.25%	0.25%
ETN	B	3.01%	4.31%	3.01%
GD	B	5.11%	1.32%	1.32%
HEI	C	1.69%	0.19%	0.19%
HII	F	1.05%	0.13%	0.13%
HON	C	4.53%	3.92%	3.92%
HWM	A	4.07%	0.73%	0.73%
KBR	B	1.02%	0.16%	0.16%
KTOS	B	0.52%	0.06%	0.06%
LDOS	B	2.33%	0.43%	0.43%
LHX	B	4.22%	0.8%	0.8%
LMT	D	7.0%	2.04%	2.04%
MOG.A	A	0.6%	0.1%	0.1%
NOC	D	5.67%	1.23%	1.23%
OSK	B	0.27%	0.58%	0.27%
PH	A	4.05%	3.01%	3.01%
RTX	D	7.51%	2.78%	2.78%
SAIC	B	0.85%	0.14%	0.14%
SPR	F	0.57%	0.07%	0.07%
TDG	B	3.57%	1.3%	1.3%
TDY	A	0.91%	1.85%	0.91%
TXT	D	1.69%	0.25%	0.25%
WWD	C	0.91%	0.17%	0.17%

PPA Overweight 21 Positions Relative to MADE

Symbol	Grade	Weight
GE	C	6.72%
BAH	C	2.35%
PLTR	A	1.99%
CACI	B	1.47%
AVAV	C	0.92%
ATI	D	0.79%
PSN	B	0.68%
HXL	D	0.67%
KEYS	A	0.62%
RKLB	A	0.36%
AIR	C	0.32%
MRCY	B	0.29%
OSIS	C	0.24%
B	B	0.19%
IRDM	C	0.18%
CDRE	C	0.17%
TTMI	B	0.16%
TGI	B	0.16%
DCO	C	0.13%
AI	C	0.13%
VSAT	F	0.13%

PPA Underweight 71 Positions Relative to MADE

Symbol	Grade	Weight
GM	A	-4.36%
PCAR	B	-4.18%
DE	B	-3.94%
CMI	B	-3.88%
AME	B	-3.56%
F	D	-3.41%
TT	B	-3.13%
ROK	B	-2.63%
CARR	D	-2.25%
DOV	A	-2.24%
FTV	D	-2.15%
HUBB	B	-1.97%
FSLR	F	-1.86%
JCI	A	-1.85%
SNA	A	-1.5%
SWK	F	-1.24%
COHR	B	-1.22%
LECO	B	-0.99%
NVT	B	-0.99%
RRX	B	-0.97%
ENPH	F	-0.95%
GNRC	B	-0.88%
ALSN	A	-0.81%
AYI	B	-0.81%
FN	B	-0.75%
TTC	D	-0.73%
LII	C	-0.71%
PNR	B	-0.62%
MIDD	B	-0.6%
IEX	B	-0.6%
RIVN	F	-0.6%
MKSI	F	-0.55%
MSA	D	-0.53%
LFUS	C	-0.53%
GGG	C	-0.51%
VNT	B	-0.49%
THO	C	-0.48%
BC	B	-0.47%
FSS	C	-0.43%
ITRI	B	-0.43%
BDC	A	-0.41%
AEIS	B	-0.36%
ENS	C	-0.34%
AOS	D	-0.33%
HOG	D	-0.33%
JBT	B	-0.31%
CR	B	-0.3%
AAON	B	-0.3%
ESE	B	-0.28%
LCII	C	-0.26%
SPXC	C	-0.25%
ATKR	C	-0.24%
TRN	B	-0.23%
CXT	D	-0.23%
BMI	C	-0.22%
CSWI	B	-0.22%
WTS	C	-0.21%
GTLS	B	-0.2%
GT	C	-0.2%
ZWS	B	-0.19%
BE	D	-0.17%
AIN	D	-0.16%
MWA	B	-0.14%
FELE	B	-0.14%
LCID	F	-0.14%
PLUG	F	-0.12%
NPO	C	-0.12%
FOXF	F	-0.12%
SEDG	F	-0.09%
SHLS	D	-0.08%
ARRY	F	-0.08%