PSI vs. CBLS ETF Comparison

Comparison of PowerShares Dynamic Semiconductors (PSI) to Changebridge Capital Long/Short Equity ETF (CBLS)

PSI

PowerShares Dynamic Semiconductors

PSI Description

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$55.42

Average Daily Volume

139,525

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.24

Average Daily Volume

3,853

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSI	CBLS
30 Days	-3.86%	0.06%
60 Days	10.15%	2.38%
90 Days	-13.93%	-2.67%
12 Months	29.62%	32.48%

2 Overlapping Holdings

	Symbol	Grade	Weight in PSI	Weight in CBLS	Overlap
	AVGO	C	5.54%	2.26%	2.26%
	KLAC	D	2.64%	1.29%	1.29%

PSI Overweight 24 Positions Relative to CBLS

Symbol	Grade	Weight
AMAT	D	5.12%
ADI	C	5.04%
TXN	C	5.0%
LRCX	F	4.94%
MU	D	4.94%
QCOM	D	4.93%
NVDA	C	4.69%
PI	B	3.57%
SMTC	C	3.42%
MTSI	C	2.89%
PLAB	D	2.79%
ENTG	D	2.72%
ONTO	C	2.69%
MPWR	C	2.66%
AMKR	F	2.65%
ACMR	D	2.62%
UCTT	D	2.61%
MKSI	F	2.6%
NXPI	F	2.59%
AOSL	D	2.59%
SWKS	F	2.57%
ICHR	F	2.51%
CRUS	D	2.45%
FORM	F	2.45%

PSI Underweight 59 Positions Relative to CBLS

Symbol	Grade	Weight
STRL	C	-3.36%
LNG	D	-2.92%
SKY	A	-2.86%
CHK	C	-2.69%
SCI	C	-2.68%
BLBD	D	-2.64%
WTTR	D	-2.63%
NEM	C	-2.6%
IBN	C	-2.6%
OSW	C	-2.6%
BABA	A	-2.59%
ERJ	C	-2.59%
DELL	D	-2.58%
ETR	A	-2.53%
MMYT	D	-2.52%
BOWL	F	-2.49%
ICFI	C	-2.49%
NEE	A	-2.46%
TMDX	D	-2.43%
ASML	F	-2.42%
MGNI	D	-2.41%
ROL	B	-2.4%
SO	A	-2.38%
D	A	-2.36%
AER	C	-2.33%
NU	D	-2.24%
WMT	A	-2.24%
ECL	A	-2.21%
UNH	B	-2.19%
COST	C	-2.18%
AMZN	C	-2.16%
MSFT	C	-2.03%
HUMA	D	-1.97%
ORCL	C	-1.94%
AMD	D	-1.93%
TDG	A	-1.54%
RTX	A	-1.5%
GD	A	-1.47%
AFRM	C	--0.3%
VSAT	F	--0.84%
IBM	C	--0.91%
TTC	D	--0.94%
TASK	F	--0.97%
VRNT	F	--1.0%
ROK	D	--1.01%
ENR	B	--1.01%
KMT	C	--1.08%
CTVA	B	--1.1%
CHH	C	--1.1%
PAYX	A	--1.12%
BC	C	--1.14%
FIVN	F	--1.15%
MIDD	D	--1.16%
DOOO	F	--1.29%
DFS	C	--1.29%
HOG	C	--1.35%
R	C	--1.63%
GIII	C	--1.63%
DE	A	--1.69%