PSP vs. FXED ETF Comparison

Comparison of PowerShares Listed Private Equity (PSP) to Sound Enhanced Fixed Income ETF (FXED)

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 ^*

* may have additional holdings in another (foreign) market

FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.80

Average Daily Volume

7,687

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSP	FXED
30 Days	5.04%	-0.68%
60 Days	4.30%	-1.87%
90 Days	9.07%	0.63%
12 Months	39.67%	12.77%

5 Overlapping Holdings

Symbol	Grade	Weight in PSP	Weight in FXED	Overlap
ARCC	A	3.12%	3.35%	3.12%
BXSL	A	0.71%	1.06%	0.71%
GBDC	C	0.72%	2.87%	0.72%
HTGC	D	0.47%	3.47%	0.47%
TSLX	C	0.22%	2.54%	0.22%

PSP Overweight 21 Positions Relative to FXED

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%
FSK	A	0.97%
CODI	B	0.77%
PX	A	0.55%
CNNE	B	0.49%
MAIN	A	0.49%
SLRC	A	0.24%
BCSF	C	0.23%
BBDC	A	0.23%
NMFC	D	0.22%
CSWC	D	0.21%
GSBD	F	0.21%

PSP Underweight 19 Positions Relative to FXED

Symbol	Grade	Weight
AWF	C	-2.86%
PFLT	D	-2.77%
CMSD	C	-2.29%
SPG	B	-2.19%
SOJD	F	-2.09%
PCY	C	-2.07%
HYEM	C	-1.98%
T	A	-1.95%
VICI	C	-1.41%
WHF	F	-1.25%
OHI	C	-1.12%
PLYM	F	-1.12%
O	D	-1.11%
PINE	C	-1.0%
NNN	D	-0.69%
NHI	D	-0.55%
PK	B	-0.55%
APLE	B	-0.41%
GLPI	C	-0.33%

PSP: Top Represented Industries & Keywords

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