PSP vs. BIZD ETF Comparison

Comparison of PowerShares Listed Private Equity (PSP) to Market Vectors BDC Income ETF (BIZD)

PSP

PowerShares Listed Private Equity

PSP Description

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$70.93

Average Daily Volume

17,166

Number of Holdings ^*

26

* may have additional holdings in another (foreign) market

BIZD

Market Vectors BDC Income ETF

BIZD Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The BDC Index is comprised of BDCs. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held companies or thinly traded U.S. public companies.

Grade (RS Rating)

Last Trade

$16.67

Average Daily Volume

625,092

Number of Holdings ^*

21

* may have additional holdings in another (foreign) market

Performance

Period	PSP	BIZD
30 Days	5.04%	1.58%
60 Days	4.30%	3.81%
90 Days	9.07%	5.54%
12 Months	39.67%	11.07%

13 Overlapping Holdings

	Symbol	Grade	Weight in PSP	Weight in BIZD	Overlap
	ARCC	A	3.12%	22.03%	3.12%
	BBDC	A	0.23%	1.74%	0.23%
	BCSF	C	0.23%	1.21%	0.23%
	BXSL	A	0.71%	8.65%	0.71%
	CSWC	D	0.21%	2.06%	0.21%
	FSK	A	0.97%	9.57%	0.97%
	GBDC	C	0.72%	4.7%	0.72%
	GSBD	F	0.21%	2.68%	0.21%
	HTGC	D	0.47%	4.56%	0.47%
	MAIN	A	0.49%	4.76%	0.49%
	NMFC	D	0.22%	1.99%	0.22%
	SLRC	A	0.24%	1.21%	0.24%
	TSLX	C	0.22%	3.6%	0.22%

PSP Overweight 13 Positions Relative to BIZD

	Symbol	Grade	Weight
	TPG	A	5.77%
	BX	A	5.75%
	KKR	A	5.61%
	CG	A	4.65%
	OWL	A	3.85%
	HLNE	B	3.01%
	STEP	B	2.55%
	GHC	C	1.45%
	BBUC	B	1.19%
	IAC	D	1.07%
	CODI	B	0.77%
	PX	A	0.55%
	CNNE	B	0.49%

PSP Underweight 8 Positions Relative to BIZD

	Symbol	Grade	Weight
	PSEC	D	-3.02%
	CGBD	D	-1.58%
	PFLT	D	-1.56%
	TCPC	C	-1.44%
	TRIN	A	-1.44%
	FDUS	A	-1.3%
	CION	C	-1.17%
	GAIN	C	-0.96%

PSP: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Conglomerates Education & Training Services Internet Content & Information Specialty Finance

Keywords: Private Equity Business Development Venture Capital Mezzanine Capital Chemical Consumer Products Healthcare Service Wilshire Associates Aerospace Business Development Company Credit Golub Capital Investment Solutions Leveraged Buyout Loan Refinancing Beverage Blackstone Broadcasting Cable TV

BIZD: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Specialty Finance

Keywords: Business Development Private Equity Mezzanine Capital Venture Capital Loan Business Development Company Credit Debt Refinancing Senior Debt Second Lien Loan Subordinated Debt Aerospace Beverage Chemical Golub Capital Healthcare Service Leveraged Buyout Bankruptcy Capital Structure