QOWZ vs. PSI ETF Comparison

Comparison of Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) to PowerShares Dynamic Semiconductors (PSI)

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

QOWZ Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which is designed to track the performance of U.S.-listed companies with continuous and stable growth in free cash flow. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.73

Average Daily Volume

2,127

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSI

PowerShares Dynamic Semiconductors

PSI Description

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$54.53

Average Daily Volume

97,982

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QOWZ	PSI
30 Days	1.72%	-4.37%
60 Days	5.88%	-0.62%
90 Days	6.74%	-7.12%
12 Months		22.78%

3 Overlapping Holdings

Symbol	Grade	Weight in QOWZ	Weight in PSI	Overlap
AVGO	C	5.52%	5.5%	5.5%
KLAC	F	1.83%	2.23%	1.83%
NVDA	A	11.22%	5.61%	5.61%

QOWZ Overweight 47 Positions Relative to PSI

Symbol	Grade	Weight
META	C	6.8%
UNH	C	4.62%
MA	B	4.45%
CRM	B	4.24%
NOW	B	3.38%
INTU	B	3.05%
ADBE	D	2.95%
TMO	F	2.73%
ADP	B	2.55%
FTNT	B	2.24%
CTAS	B	2.22%
MAR	B	2.22%
COF	B	2.16%
APH	B	2.12%
CDNS	B	2.11%
FICO	B	2.04%
KMI	A	2.0%
RSG	A	1.85%
ROP	C	1.78%
PAYX	B	1.78%
FAST	B	1.78%
WBD	B	1.27%
MCHP	F	1.26%
TDY	B	1.25%
NVR	D	1.22%
PTC	B	1.22%
ROL	B	1.21%
WST	D	1.21%
MTD	F	1.16%
OC	A	1.09%
MANH	D	1.08%
MKC	D	1.06%
VRSN	F	1.05%
AYI	B	0.96%
POOL	D	0.94%
RMBS	C	0.75%
BECN	B	0.74%
QLYS	C	0.73%
THO	C	0.67%
WTS	B	0.66%
LFUS	D	0.64%
CVCO	A	0.59%
PRGS	B	0.54%
TTGT	B	0.33%
RDUS	C	0.28%
SLP	F	0.24%
DLHC	F	0.11%

QOWZ Underweight 23 Positions Relative to PSI

Symbol	Grade	Weight
MU	D	-5.6%
TXN	C	-4.99%
QCOM	F	-4.8%
AMAT	F	-4.79%
ADI	D	-4.75%
LRCX	F	-4.66%
MTSI	B	-3.51%
SMTC	C	-3.49%
PI	D	-3.25%
ACMR	F	-2.95%
ICHR	C	-2.92%
PLAB	D	-2.86%
UCTT	F	-2.75%
MKSI	C	-2.57%
ENTG	F	-2.47%
NXPI	F	-2.46%
SWKS	F	-2.23%
AMKR	F	-2.22%
FORM	F	-2.21%
ONTO	F	-2.21%
MPWR	F	-2.17%
AOSL	C	-1.91%
CRUS	F	-1.9%