PWB vs. BOUT ETF Comparison

Comparison of PowerShares Dynamic LargeCap Growth (PWB) to Innovator IBD Breakout Opportunities ETF (BOUT)

PWB

PowerShares Dynamic LargeCap Growth

PWB Description

The PowerShares Dynamic Large Cap Growth Portfolio (Fund) is based on the Dynamic Large Cap Growth IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index seeks to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10-factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$102.27

Average Daily Volume

18,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$38.71

Average Daily Volume

2,823

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PWB	BOUT
30 Days	1.44%	3.73%
60 Days	6.08%	7.39%
90 Days	8.33%	8.27%
12 Months	39.01%	29.45%

6 Overlapping Holdings

Symbol	Grade	Weight in PWB	Weight in BOUT	Overlap
CRM	A	3.6%	3.73%	3.6%
ETN	A	1.6%	3.82%	1.6%
IR	A	1.5%	2.49%	1.5%
PGR	B	1.37%	3.63%	1.37%
SCCO	F	1.42%	1.22%	1.22%
SPGI	C	1.29%	3.81%	1.29%

PWB Overweight 44 Positions Relative to BOUT

Symbol	Grade	Weight
ORCL	A	4.12%
AMZN	B	3.72%
NVDA	B	3.56%
NFLX	A	3.51%
META	C	3.49%
TMUS	A	3.48%
V	A	3.46%
GOOGL	B	3.36%
MA	A	3.34%
MSFT	D	3.15%
COST	B	3.08%
AAPL	C	3.06%
ADBE	F	2.7%
LLY	F	2.56%
FICO	A	1.67%
BKNG	A	1.66%
ANET	C	1.64%
KKR	A	1.62%
CEG	D	1.62%
GWW	A	1.61%
PWR	A	1.56%
SPOT	A	1.55%
HWM	A	1.51%
AXP	A	1.48%
HLT	A	1.48%
TT	A	1.47%
APH	B	1.46%
FTNT	A	1.45%
CTAS	B	1.44%
MSI	A	1.43%
BSX	B	1.43%
TDG	D	1.39%
WM	B	1.38%
GD	D	1.38%
NU	C	1.36%
ALL	A	1.35%
RSG	B	1.32%
ECL	D	1.3%
AMAT	F	1.3%
MCO	C	1.26%
MELI	D	1.14%
CL	D	1.13%
KLAC	F	1.11%
MPWR	F	1.08%

PWB Underweight 38 Positions Relative to BOUT

Symbol	Grade	Weight
PACS	F	-4.48%
MS	A	-4.47%
LBRDK	B	-4.44%
NEM	F	-4.42%
VIK	A	-4.39%
EXPE	A	-4.28%
EQIX	B	-4.25%
AHR	A	-4.24%
IDCC	A	-4.01%
EQH	B	-3.78%
BAH	D	-3.73%
DVA	C	-3.71%
CRDO	C	-2.87%
VRNS	D	-2.61%
ULS	D	-2.59%
DT	C	-2.49%
NMIH	D	-2.44%
ONON	A	-2.35%
COLL	F	-2.23%
TSM	B	-1.31%
TBBK	A	-1.28%
NOW	B	-1.27%
CDNA	D	-1.24%
SN	C	-1.2%
TCOM	B	-1.14%
BEKE	C	-1.06%
ROAD	B	-0.45%
AXON	A	-0.43%
TPH	D	-0.42%
IBKR	A	-0.42%
CWAN	B	-0.42%
AVGO	C	-0.42%
ALKT	B	-0.42%
GMED	A	-0.41%
CORT	B	-0.41%
ACGL	C	-0.4%
PLMR	A	-0.39%
JD	C	-0.38%