PSCF vs. MRGR ETF Comparison

Comparison of PowerShares S&P SmallCap Financials Portfolio (PSCF) to ProShares Merger ETF (MRGR)

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

$60.79

Average Daily Volume

3,470

Number of Holdings ^*

162

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.22

Average Daily Volume

811

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSCF	MRGR
30 Days	9.08%	0.41%
60 Days	8.95%	1.07%
90 Days	11.04%	2.14%
12 Months	44.90%	7.71%

2 Overlapping Holdings

	Symbol	Grade	Weight in PSCF	Weight in MRGR	Overlap
	IBTX	B	0.6%	3.02%	0.6%
	ROIC	A	0.58%	2.41%	0.58%

PSCF Overweight 160 Positions Relative to MRGR

Symbol	Grade	Weight
CMA	A	2.39%
JXN	C	1.98%
COOP	B	1.62%
LNC	B	1.58%
EPRT	B	1.51%
PIPR	B	1.39%
MC	C	1.37%
RDN	C	1.36%
CTRE	D	1.33%
SLG	B	1.28%
PECO	A	1.25%
SFBS	B	1.24%
AGO	B	1.18%
ABCB	B	1.18%
AX	A	1.14%
MAC	B	1.09%
STEP	B	1.07%
BGC	C	1.03%
UCB	A	1.02%
SKT	B	1.02%
AUB	B	1.0%
FULT	A	1.0%
CATY	B	0.98%
PJT	A	0.98%
CBU	B	0.95%
APLE	B	0.91%
FHB	A	0.91%
WD	D	0.9%
FBP	B	0.89%
WSFS	A	0.89%
HIW	D	0.88%
APAM	B	0.85%
HASI	D	0.83%
CWK	B	0.83%
GNW	A	0.83%
BXMT	C	0.81%
SFNC	B	0.8%
DEI	B	0.8%
INDB	B	0.8%
BOH	B	0.8%
BKU	A	0.79%
CVBF	A	0.78%
NMIH	D	0.78%
WAFD	B	0.78%
IIPR	D	0.76%
BFH	B	0.76%
VIRT	B	0.75%
GSHD	A	0.75%
FFBC	A	0.73%
UE	C	0.73%
PFS	B	0.73%
PRK	B	0.73%
ABR	C	0.72%
SNEX	B	0.72%
TBBK	B	0.71%
CNS	B	0.71%
LXP	D	0.71%
PLMR	B	0.71%
PPBI	B	0.7%
PAYO	A	0.69%
ENVA	B	0.69%
MPW	F	0.68%
AKR	B	0.68%
FCPT	C	0.68%
BANR	B	0.66%
SBCF	A	0.65%
OUT	A	0.64%
BANF	B	0.63%
RNST	B	0.62%
NBTB	B	0.61%
TRMK	B	0.61%
EVTC	B	0.58%
BANC	A	0.58%
TFIN	A	0.57%
NATL	B	0.56%
SHO	C	0.54%
PRG	C	0.53%
STC	B	0.53%
OFG	B	0.53%
CASH	A	0.52%
FBK	B	0.51%
MCY	A	0.51%
JOE	F	0.5%
CHCO	B	0.5%
FCF	A	0.5%
LKFN	B	0.49%
NWBI	B	0.49%
FBNC	A	0.49%
DRH	B	0.48%
NBHC	B	0.48%
TRUP	B	0.46%
HMN	B	0.44%
HOPE	B	0.43%
LTC	B	0.43%
VBTX	B	0.42%
DFIN	D	0.42%
CUBI	C	0.42%
STBA	B	0.42%
VRTS	B	0.41%
GTY	B	0.41%
WABC	B	0.4%
HTH	B	0.39%
PEB	D	0.39%
XHR	B	0.39%
GNL	F	0.38%
SPNT	A	0.38%
VRE	B	0.38%
ALEX	C	0.37%
ELME	D	0.37%
WT	B	0.36%
UNIT	B	0.36%
JBGS	D	0.35%
BHLB	B	0.34%
EIG	B	0.34%
SAFT	C	0.33%
KW	B	0.33%
AAT	B	0.33%
RC	D	0.31%
NAVI	C	0.31%
DCOM	A	0.31%
PMT	D	0.3%
ARI	C	0.3%
PFBC	B	0.3%
ECPG	B	0.3%
DEA	D	0.3%
BRKL	B	0.29%
CSR	B	0.29%
AMSF	B	0.29%
EXPI	C	0.29%
EFC	C	0.28%
SBSI	B	0.27%
FBRT	C	0.27%
NXRT	B	0.26%
HCI	C	0.25%
TMP	B	0.25%
MMI	B	0.25%
HFWA	B	0.24%
PRAA	C	0.24%
RWT	D	0.24%
PRA	C	0.23%
EGBN	B	0.23%
BDN	C	0.23%
CFFN	B	0.22%
CPF	A	0.22%
BSIG	A	0.21%
HAFC	A	0.2%
AHH	D	0.19%
INN	D	0.18%
TRST	A	0.18%
KREF	D	0.17%
GDOT	D	0.16%
EZPW	A	0.16%
WSR	A	0.16%
AMBC	C	0.15%
HPP	F	0.14%
UHT	D	0.14%
UFCS	B	0.14%
SVC	F	0.12%
BFS	C	0.12%
WRLD	C	0.1%

PSCF Underweight 27 Positions Relative to MRGR

Symbol	Grade	Weight
HTLF	B	-3.58%
DFS	B	-3.14%
SASR	B	-2.81%
EDR	A	-2.53%
INFN	C	-2.5%
LBPH	A	-2.43%
EVRI	A	-2.42%
NAPA	B	-2.42%
B	B	-2.41%
SMAR	A	-2.41%
ALTR	B	-2.4%
ATSG	B	-2.4%
ZUO	B	-2.39%
K	A	-2.37%
RCM	F	-2.37%
ENV	B	-2.37%
CDMO	B	-2.36%
ANSS	B	-2.32%
ALE	A	-2.31%
HCP	B	-2.3%
MRO	B	-2.28%
LBRDK	C	-2.25%
CTLT	B	-2.2%
JNPR	F	-2.14%
SPR	D	-2.11%
CHX	C	-1.8%
RVNC	F	-1.42%