PPA vs. MISL ETF Comparison

Comparison of PowerShares Aerospace & Defense (PPA) to First Trust Indxx Aerospace & Defense ETF (MISL)

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADE™ 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

$119.92

Average Daily Volume

182,189

Number of Holdings ^*

48

* may have additional holdings in another (foreign) market

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$31.90

Average Daily Volume

31,580

Number of Holdings ^*

32

* may have additional holdings in another (foreign) market

Performance

Period	PPA	MISL
30 Days	-1.07%	-4.28%
60 Days	4.37%	0.98%
90 Days	6.95%	2.55%
12 Months	37.38%	32.62%

28 Overlapping Holdings

	Symbol	Grade	Weight in PPA	Weight in MISL	Overlap
	AIR	B	0.35%	0.67%	0.35%
	AVAV	C	0.84%	1.59%	0.84%
	BA	D	6.23%	7.46%	6.23%
	CACI	D	1.26%	3.04%	1.26%
	CW	B	1.37%	3.83%	1.37%
	DCO	B	0.14%	0.28%	0.14%
	GD	D	4.93%	7.96%	4.93%
	HEI	A	1.83%	4.26%	1.83%
	HII	F	1.07%	2.12%	1.07%
	HWM	A	4.44%	4.44%	4.44%
	HXL	F	0.66%	1.36%	0.66%
	KBR	F	0.88%	2.22%	0.88%
	KTOS	C	0.56%	1.06%	0.56%
	LDOS	C	2.05%	4.09%	2.05%
	LHX	B	4.07%	4.11%	4.07%
	LMT	D	6.64%	7.27%	6.64%
	MOG.A	B	0.66%	1.93%	0.66%
	MRCY	C	0.35%	0.67%	0.35%
	NOC	D	5.36%	3.86%	3.86%
	PSN	D	0.61%	2.95%	0.61%
	RKLB	B	0.56%	2.39%	0.56%
	RTX	D	7.09%	7.82%	7.09%
	SAIC	F	0.71%	1.73%	0.71%
	SPR	D	0.51%	0.98%	0.51%
	TDG	D	3.35%	7.35%	3.35%
	TGI	A	0.2%	0.38%	0.2%
	TXT	D	1.74%	3.99%	1.74%
	WWD	B	0.92%	2.86%	0.92%

PPA Overweight 20 Positions Relative to MISL

	Symbol	Grade	Weight
	GE	D	6.71%
	HON	B	4.88%
	AXON	A	4.43%
	PH	B	4.28%
	ETN	B	3.16%
	PLTR	B	2.72%
	BAH	F	1.92%
	APH	B	1.91%
	BWXT	B	1.36%
	TDY	B	0.91%
	ATI	C	0.81%
	KEYS	A	0.62%
	OSK	C	0.29%
	OSIS	A	0.27%
	B	A	0.19%
	IRDM	F	0.17%
	CDRE	F	0.16%
	TTMI	B	0.16%
	AI	B	0.13%
	VSAT	F	0.1%

PPA Underweight 4 Positions Relative to MISL

	Symbol	Grade	Weight
	NPAB	F	-2.1%
	LUNR	B	-0.36%
	ATRO	D	-0.16%
	NPK	C	-0.15%

PPA: Top Represented Industries & Keywords

Industries: Aerospace & Defense Diversified Industrials Information Technology Services Specialty Industrial Machinery Communication Equipment Electronic Components Scientific & Technical Instruments Business Services Computer Systems Contract Manufacturers Engineering & Construction Metal Fabrication Security & Protection Services Software - Infrastructure Telecom Services Truck Manufacturing

Keywords: S&P 500 Aerospace Electronics Department Of Defense Radar Avionics National Security Weapons Defense Systems Engineering Services Helicopter Homeland Security Laser Space Systems Actuator Aerostructure Aviation Batteries Computer Security Computing

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Information Technology Services Diversified Industrials Communication Equipment Computer Systems Engineering & Construction Security & Protection Services Shell Companies Specialty Industrial Machinery

Keywords: Aerospace S&P 500 Department Of Defense Avionics Weapons Engineering Services Helicopter National Security Radar Space Systems Actuator Aerostructure Aviation Defense Systems Electronics Microwave Test Systems U.S. Department Of Defense Aerospace Systems Combat Systems