PSCF vs. FPRO ETF Comparison

Comparison of PowerShares S&P SmallCap Financials Portfolio (PSCF) to Fidelity Real Estate Investment ETF (FPRO)

PSCF

PowerShares S&P SmallCap Financials Portfolio

PSCF Description

The PowerShares S&P SmallCap Financials Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Financials 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 measure the overall performance of common stocks of US financial services companies. These companies are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$47.17

Average Daily Volume

851

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

FPRO

Fidelity Real Estate Investment ETF

FPRO Description

The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.80

Average Daily Volume

1,640

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSCF	FPRO
30 Days	0.26%	1.50%
60 Days	-0.58%	5.17%
90 Days	1.25%	1.59%
12 Months	16.20%	0.78%

6 Overlapping Holdings

Symbol	Grade	Weight in PSCF	Weight in FPRO	Overlap
DRH	D	0.57%	1.3%	0.57%
FCPT	B	0.75%	0.8%	0.75%
PECO	C	1.32%	1.0%	1.0%
SITC	B	0.86%	1.14%	0.86%
SKT	D	0.94%	0.64%	0.64%
UE	B	0.71%	1.3%	0.71%

PSCF Overweight 152 Positions Relative to FPRO

Symbol	Grade	Weight
CMA	C	2.2%
LNC	C	1.76%
COOP	D	1.73%
JXN	C	1.68%
EPRT	A	1.61%
RDN	B	1.55%
AGO	D	1.33%
MC	A	1.32%
SLG	B	1.2%
CTRE	A	1.19%
PIPR	A	1.18%
BGC	C	1.1%
HASI	D	1.08%
WD	D	1.06%
ABCB	C	1.06%
MAC	D	1.06%
APLE	D	1.05%
IIPR	B	1.01%
SFBS	C	1.0%
BXMT	C	0.99%
FBP	B	0.99%
UCBI	D	0.98%
FULT	D	0.98%
AUB	C	0.97%
AX	B	0.95%
HIW	C	0.93%
APAM	D	0.93%
WSFS	B	0.92%
LXP	B	0.91%
ABR	B	0.91%
NMIH	B	0.9%
CATY	D	0.88%
GNW	D	0.87%
FHB	C	0.86%
PJT	A	0.8%
MPW	F	0.8%
CBU	B	0.8%
STEP	B	0.79%
CVBF	C	0.74%
DEI	D	0.74%
BOH	F	0.74%
BKU	C	0.72%
PPBI	F	0.71%
SFNC	D	0.71%
OUT	C	0.7%
FFBC	D	0.69%
SNEX	B	0.69%
EVTC	F	0.69%
SHO	C	0.68%
CWK	C	0.68%
INDB	D	0.68%
PRK	B	0.67%
PLMR	C	0.67%
NATL	B	0.66%
VIRT	C	0.65%
SBCF	D	0.64%
TBBK	B	0.64%
WAFD	C	0.63%
JOE	D	0.63%
AKR	A	0.62%
CNS	B	0.62%
PFS	D	0.62%
NBTB	B	0.59%
TRMK	C	0.59%
BANC	D	0.59%
OFG	B	0.58%
RNST	B	0.56%
STC	D	0.56%
BANR	C	0.55%
ENVA	B	0.55%
IBTX	B	0.54%
PEB	D	0.52%
ROIC	C	0.52%
LKFN	D	0.51%
CHCO	C	0.51%
VRTS	D	0.5%
DFIN	D	0.49%
LTC	A	0.49%
GNL	C	0.48%
CASH	B	0.48%
NWBI	C	0.48%
NBHC	B	0.48%
PRG	D	0.48%
XHR	D	0.47%
GSHD	D	0.47%
MCY	C	0.46%
HTH	D	0.46%
FCF	B	0.46%
FBK	B	0.45%
CUBI	B	0.45%
FBNC	C	0.44%
RC	C	0.43%
JBGS	B	0.43%
GTY	D	0.43%
HMN	D	0.43%
HOPE	C	0.42%
DEA	B	0.42%
ARI	D	0.42%
WABC	D	0.42%
STBA	B	0.41%
BANF	D	0.41%
ALEX	B	0.4%
PMT	C	0.39%
NAVI	F	0.38%
KW	C	0.38%
SAFT	D	0.37%
VBTX	C	0.37%
AAT	B	0.36%
SPNT	D	0.36%
EIG	C	0.35%
EFC	B	0.34%
TRUP	B	0.34%
CSR	B	0.33%
ECPG	D	0.32%
BHLB	C	0.31%
PFBC	D	0.3%
NXRT	C	0.29%
SVC	F	0.28%
RWT	B	0.28%
EXPI	F	0.27%
AMSF	F	0.27%
MMI	D	0.25%
BRKL	D	0.25%
BDN	D	0.25%
SBSI	D	0.25%
PRAA	F	0.25%
AHH	B	0.24%
DCOM	C	0.23%
HCI	F	0.22%
CFFN	C	0.22%
BSIG	C	0.22%
UNIT	D	0.22%
WSR	B	0.21%
INN	D	0.21%
HPP	D	0.21%
TMP	C	0.2%
HFWA	D	0.2%
PRA	F	0.2%
CHCT	F	0.19%
CPF	B	0.19%
EZPW	D	0.18%
TRST	C	0.18%
EGBN	F	0.18%
AMBC	F	0.18%
KREF	D	0.17%
BFS	C	0.16%
HAFC	C	0.16%
UHT	C	0.16%
UFCS	D	0.15%
WRLD	D	0.14%
GDOT	F	0.14%
RILY	F	0.09%

PSCF Underweight 33 Positions Relative to FPRO

Symbol	Grade	Weight
PLD	C	-10.56%
AMT	B	-8.06%
EQIX	C	-6.87%
VTR	A	-6.36%
PSA	B	-5.31%
DLR	B	-3.96%
KIM	B	-3.73%
NNN	B	-3.58%
CUBE	B	-3.49%
CBRE	C	-3.39%
UDR	B	-3.33%
MAA	C	-3.15%
SUI	C	-3.14%
CCI	D	-3.05%
WELL	A	-2.76%
EQR	B	-2.7%
IRM	B	-2.3%
AMH	A	-2.1%
EXR	B	-1.79%
SBAC	F	-1.56%
COLD	C	-1.5%
INVH	A	-1.46%
LAMR	B	-1.4%
REG	B	-1.13%
WY	F	-1.08%
STAG	B	-0.96%
CPT	B	-0.77%
TRNO	B	-0.72%
RHP	D	-0.68%
COMP	C	-0.55%
ELS	C	-0.52%
O	C	-0.33%
GLPI	B	-0.13%