PSR vs. REZ ETF Comparison

Comparison of PowerShares Active U.S. Real Estate Fund (PSR) to iShares Residential Real Estate Capped ETF (REZ)

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

$98.53

Average Daily Volume

3,466

Number of Holdings ^*

29

* may have additional holdings in another (foreign) market

REZ

iShares Residential Real Estate Capped ETF

REZ Description

The investment seeks to track the investment results of an index composed of U.S. residential, healthcare and self-storage real estate equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential, healthcare and self-storage real estate sectors of the U.S. equity market. Components primarily include real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$88.38

Average Daily Volume

166,638

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	PSR	REZ
30 Days	1.69%	2.23%
60 Days	0.88%	0.47%
90 Days	3.49%	2.92%
12 Months	22.14%	35.47%

5 Overlapping Holdings

	Symbol	Grade	Weight in PSR	Weight in REZ	Overlap
	ARE	D	2.02%	4.32%	2.02%
	EQR	B	4.75%	5.39%	4.75%
	INVH	D	3.76%	4.0%	3.76%
	PSA	C	3.27%	10.55%	3.27%
	WELL	C	8.81%	16.49%	8.81%

PSR Overweight 24 Positions Relative to REZ

	Symbol	Grade	Weight
	EQIX	A	8.78%
	AMT	D	6.27%
	BRX	A	4.98%
	SBAC	D	4.55%
	DLR	A	4.33%
	O	D	4.3%
	PLD	D	3.73%
	CUBE	D	3.52%
	SPG	C	3.35%
	CCI	D	3.23%
	ELS	C	3.14%
	ADC	B	3.14%
	KIM	A	2.69%
	KRC	C	2.51%
	DOC	C	2.48%
	GLPI	B	2.32%
	EGP	D	2.3%
	RYN	C	2.13%
	REXR	F	2.09%
	ESRT	C	1.99%
	FR	C	1.93%
	EPRT	B	1.52%
	RLJ	C	1.02%
	CPT	B	0.97%

PSR Underweight 5 Positions Relative to REZ

	Symbol	Grade	Weight
	EXR	C	-6.92%
	AVB	B	-6.37%
	VTR	D	-4.77%
	ESS	B	-4.06%
	MAA	B	-3.93%

PSR: Top Represented Industries & Keywords

Industries: REIT - Industrial REIT - Diversified REIT - Retail REIT - Residential REIT - Office REIT - Healthcare Facilities Telecom Services Lumber & Wood Production REIT - Hotel & Motel

Keywords: Real Estate Investment Trust S&P 500 Real Estate Market Dream Office Real Estate Investment Trust Equity Real Estate Investment Trust Retail Properties Sba Communications Communications Sites Distributed Antenna System Equity Global Management Industrial Properties Industrial Real Estate Information And Communications Technology Kimco Realty Pcia The Wireless Infrastructure Association Self Storage Site Development Services Swimming Swimming Pool Telecommunications

REZ: Top Represented Industries & Keywords

Industries: REIT - Residential REIT - Healthcare Facilities REIT - Industrial REIT - Office

Keywords: S&P 500 Real Estate Investment Trust Extra Space Storage Inland Residential Properties Trust Property Management Real Estate Market Biodefense Biotechnology Corporate Tax Equity Interests Health Systems Income Tax Investment Trust Nba Pacific Northwest Public Storage Real Estate Equities Real Estate Services Rental Homes Retail Operations