PXJ vs. HIPS ETF Comparison

Comparison of PowerShares Dynamic Oil Services (PXJ) to Master Income ETF (HIPS)

PXJ

PowerShares Dynamic Oil Services

PXJ Description

The PowerShares Dynamic Oil & Gas Services Portfolio (Fund) is based on the Dynamic Oil & Gas Services IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$29.17

Average Daily Volume

25,397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HIPS

Master Income ETF

HIPS Description

The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.

Grade (RS Rating)

Last Trade

$13.04

Average Daily Volume

35,183

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PXJ	HIPS
30 Days	2.17%	0.69%
60 Days	-1.90%	0.97%
90 Days	-1.73%	4.45%
12 Months	4.06%	19.29%

1 Overlapping Holdings

	Symbol	Grade	Weight in PXJ	Weight in HIPS	Overlap
	USAC	B	2.92%	2.44%	2.44%

PXJ Overweight 27 Positions Relative to HIPS

Symbol	Grade	Weight
BKR	A	6.25%
FTI	A	5.46%
SLB	C	4.93%
HAL	C	4.79%
NOV	D	4.74%
PTEN	C	4.67%
WFRD	F	4.21%
TDW	F	3.67%
WTTR	A	3.5%
AROC	A	3.12%
CLB	C	3.11%
WHD	B	3.06%
HP	C	3.03%
OII	B	2.92%
ACDC	C	2.91%
NBR	D	2.9%
VTOL	B	2.78%
DHT	D	2.75%
PUMP	C	2.73%
RES	F	2.72%
NVGS	C	2.65%
HLX	C	2.55%
INSW	F	2.47%
LBRT	F	2.45%
ECO	D	2.35%
STNG	F	2.17%
LPG	F	2.05%

PXJ Underweight 36 Positions Relative to HIPS

Symbol	Grade	Weight
BGX	A	-2.79%
LTC	B	-2.79%
JQC	A	-2.78%
JFR	A	-2.75%
ARCC	A	-2.72%
ET	A	-2.68%
SLRC	A	-2.66%
FSK	A	-2.65%
EFT	A	-2.64%
EPD	A	-2.64%
FCT	A	-2.63%
FDUS	A	-2.62%
BXSL	A	-2.62%
BLW	C	-2.6%
MPLX	A	-2.6%
DMLP	A	-2.6%
GTY	A	-2.59%
CQP	B	-2.56%
GBDC	A	-2.55%
NBB	D	-2.54%
KRP	C	-2.53%
DSU	C	-2.52%
ALX	D	-2.49%
PAA	A	-2.48%
SBRA	C	-2.48%
WES	C	-2.48%
GLPI	C	-2.48%
OHI	C	-2.46%
BSM	A	-2.44%
PK	D	-2.41%
EPR	D	-2.28%
NMFC	D	-2.26%
GSBD	F	-2.2%
NNN	C	-2.18%
NHS	D	-2.02%
GNL	D	-1.83%