PSR vs. FRI ETF Comparison

Comparison of PowerShares Active U.S. Real Estate Fund (PSR) to First Trust S&P REIT Index Fund (FRI)

PSR

PowerShares Active U.S. Real Estate Fund

PSR Description

The PowerShares Active U.S. Real Estate Fund (Fund) structures and selects its investments primarily from a universe of securities that are included within the FTSE NAREIT All Equity REITs Index at the time of purchase. The selection methodology uses quantitative and statistical metrics to identify attractively priced securities and manage risk. The Fund will invest principally in equity real estate investment trusts (REITs). The Fund is rebalanced and reconstituted monthly.

Grade (RS Rating)

Last Trade

$96.25

Average Daily Volume

3,238

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FRI

First Trust S&P REIT Index Fund

FRI Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the S&P United States REIT Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a subset of the S&P Developed REIT Index, which measures the performance of more than 200 REITs or REIT-like structures in 15 developed markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.05

Average Daily Volume

67,667

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	PSR	FRI
30 Days	0.32%	0.40%
60 Days	7.57%	8.92%
90 Days	13.49%	13.68%
12 Months	28.36%	31.77%

24 Overlapping Holdings

Symbol	Grade	Weight in PSR	Weight in FRI	Overlap
ADC	C	2.48%	0.61%	0.61%
ARE	D	3.85%	1.55%	1.55%
BRX	C	4.72%	0.68%	0.68%
CPT	C	0.97%	1.09%	0.97%
CUBE	C	3.74%	0.98%	0.98%
DLR	C	3.72%	4.09%	3.72%
DOC	C	2.64%	1.3%	1.3%
EGP	D	2.42%	0.75%	0.75%
EPRT	C	1.49%	0.49%	0.49%
EQIX	C	8.27%	6.85%	6.85%
EQR	C	4.64%	2.08%	2.08%
ESRT	C	2.0%	0.12%	0.12%
GLPI	C	2.34%	1.15%	1.15%
INVH	D	3.76%	1.64%	1.64%
KIM	C	2.43%	1.27%	1.27%
KRC	C	2.48%	0.34%	0.34%
O	C	4.65%	4.47%	4.47%
PEB	D	0.97%	0.13%	0.13%
PLD	D	4.02%	9.52%	4.02%
PSA	C	3.41%	4.61%	3.41%
REXR	D	4.49%	0.91%	0.91%
RLJ	D	0.93%	0.12%	0.12%
SPG	A	3.07%	4.19%	3.07%
WELL	C	8.83%	6.01%	6.01%

PSR Overweight 4 Positions Relative to FRI

Symbol	Grade	Weight
AMT	D	7.12%
SBAC	C	4.77%
CCI	D	3.56%
RYN	C	2.21%

PSR Underweight 101 Positions Relative to FRI

Symbol	Grade	Weight
EXR	D	-3.07%
VICI	C	-2.83%
IRM	B	-2.82%
AVB	C	-2.64%
VTR	C	-2.16%
ESS	D	-1.55%
MAA	D	-1.52%
SUI	D	-1.3%
WPC	C	-1.13%
UDR	C	-1.11%
ELS	D	-1.09%
HST	D	-1.05%
AMH	D	-0.99%
LAMR	C	-0.96%
BXP	B	-0.96%
REG	C	-0.95%
OHI	C	-0.86%
NNN	C	-0.72%
FRT	D	-0.7%
COLD	D	-0.61%
FR	D	-0.6%
STAG	D	-0.58%
RHP	B	-0.54%
VNO	B	-0.53%
TRNO	D	-0.53%
KRG	C	-0.47%
CTRE	C	-0.39%
PECO	C	-0.38%
IRT	D	-0.38%
CUZ	C	-0.37%
SLG	C	-0.37%
SBRA	C	-0.35%
IIPR	C	-0.32%
MAC	B	-0.31%
NHI	C	-0.3%
EPR	C	-0.3%
HIW	C	-0.29%
BNL	C	-0.29%
MPW	C	-0.29%
SKT	A	-0.29%
APLE	B	-0.28%
NSA	D	-0.27%
LXP	D	-0.25%
PK	D	-0.25%
DEI	A	-0.24%
FCPT	C	-0.22%
OUT	C	-0.21%
UE	C	-0.21%
AKR	B	-0.2%
SHO	B	-0.18%
EQC	D	-0.17%
IVT	B	-0.16%
ROIC	C	-0.16%
DRH	B	-0.15%
GNL	D	-0.14%
JBGS	C	-0.13%
XHR	A	-0.13%
GTY	C	-0.13%
LTC	D	-0.13%
DEA	D	-0.11%
UMH	D	-0.11%
UNIT	B	-0.11%
ALEX	D	-0.11%
AIV	D	-0.1%
PDM	C	-0.1%
AAT	C	-0.1%
NTST	F	-0.1%
CSR	D	-0.09%
BDN	B	-0.08%
NXRT	D	-0.08%
SVC	D	-0.07%
DHC	C	-0.07%
PLYM	D	-0.07%
PGRE	D	-0.07%
HPP	F	-0.06%
GOOD	A	-0.06%
AHH	F	-0.06%
INN	A	-0.06%
UHT	D	-0.05%
WSR	C	-0.05%
GMRE	C	-0.05%
CLDT	D	-0.04%
CHCT	F	-0.04%
FPI	D	-0.04%
LAND	D	-0.04%
BFS	C	-0.04%
ALX	D	-0.04%
PKST	D	-0.04%
PSTL	D	-0.03%
CBL	D	-0.03%
CTO	D	-0.03%
OLP	C	-0.03%
BHR	D	-0.02%
BRT	D	-0.02%
PINE	D	-0.02%
NXDT	C	-0.02%
CIO	D	-0.02%
ILPT	D	-0.02%
OPI	F	-0.01%
FSP	F	-0.01%
MDV	C	-0.01%