QQQ vs. JPST ETF Comparison

Comparison of PowerShares QQQ Trust, Series 1 (QQQ) to JPMorgan Ultra-Short Income ETF (JPST)

QQQ

PowerShares QQQ Trust, Series 1

QQQ Description

PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund. PowerShares QQQ, formerly known as "QQQ" or the "NASDAQ-100 Index Tracking Stock", is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.

Grade (RS Rating)

Last Trade

$483.36

Average Daily Volume

39,483,935

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.65

Average Daily Volume

4,000,623

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

Performance

Period	QQQ	JPST
30 Days	0.65%	0.60%
60 Days	1.71%	1.27%
90 Days	0.82%	1.37%
12 Months	33.32%	4.26%

10 Overlapping Holdings

Symbol	Grade	Weight in QQQ	Weight in JPST	Overlap
AAPL	C	8.97%	0.12%	0.12%
AEP	C	0.37%	0.05%	0.05%
AZN	D	0.31%	0.57%	0.31%
CCEP	B	0.25%	0.3%	0.25%
GILD	B	0.7%	0.13%	0.13%
HON	D	0.9%	0.02%	0.02%
KDP	B	0.34%	0.31%	0.31%
MDLZ	B	0.68%	0.04%	0.04%
ROP	C	0.4%	0.03%	0.03%
SBUX	C	0.76%	0.06%	0.06%

QQQ Overweight 91 Positions Relative to JPST

Symbol	Grade	Weight
MSFT	C	8.33%
NVDA	D	7.7%
AVGO	C	5.17%
AMZN	C	5.11%
META	B	4.81%
TSLA	C	2.91%
COST	B	2.75%
GOOGL	D	2.39%
GOOG	D	2.29%
NFLX	B	2.01%
ADBE	F	1.78%
PEP	C	1.65%
AMD	D	1.65%
TMUS	C	1.61%
LIN	B	1.52%
CSCO	C	1.36%
QCOM	D	1.25%
INTU	C	1.23%
TXN	C	1.21%
AMGN	B	1.2%
ISRG	B	1.19%
CMCSA	D	1.04%
AMAT	D	1.03%
BKNG	C	0.89%
REGN	C	0.86%
VRTX	D	0.84%
ADP	B	0.77%
PANW	D	0.76%
ADI	C	0.75%
MELI	B	0.74%
KLAC	D	0.67%
MU	F	0.66%
LRCX	F	0.66%
CTAS	B	0.57%
INTC	F	0.56%
SNPS	D	0.51%
CDNS	D	0.5%
PYPL	B	0.5%
ASML	F	0.49%
MAR	C	0.45%
ORLY	C	0.45%
MRVL	C	0.44%
PDD	F	0.44%
CSX	D	0.44%
CEG	C	0.41%
CRWD	D	0.4%
FTNT	C	0.39%
NXPI	F	0.39%
ADSK	C	0.38%
WDAY	D	0.36%
ROST	C	0.35%
ABNB	D	0.35%
MNST	D	0.35%
DASH	C	0.34%
PCAR	D	0.34%
PAYX	C	0.33%
CHTR	D	0.33%
TTD	B	0.32%
CPRT	D	0.32%
KHC	C	0.29%
MCHP	F	0.28%
IDXX	C	0.28%
ODFL	D	0.28%
EXC	C	0.27%
GEHC	C	0.27%
FAST	C	0.27%
CTSH	C	0.26%
VRSK	D	0.26%
EA	D	0.26%
XEL	B	0.24%
BKR	C	0.23%
DDOG	D	0.23%
CSGP	D	0.22%
FANG	D	0.21%
LULU	D	0.21%
BIIB	F	0.2%
CDW	D	0.2%
ON	D	0.2%
DXCM	F	0.19%
ANSS	D	0.19%
SMCI	F	0.18%
TTWO	C	0.18%
TEAM	D	0.18%
MRNA	F	0.18%
ZS	F	0.17%
MDB	D	0.15%
GFS	F	0.15%
ILMN	C	0.14%
WBD	D	0.13%
ARM	D	0.11%
DLTR	F	0.1%

QQQ Underweight 101 Positions Relative to JPST

Symbol	Grade	Weight
CASH	B	-2.2%
TMO	B	-0.74%
EQH	C	-0.35%
ATO	B	-0.3%
MCD	B	-0.29%
LDOS	B	-0.26%
BXMT	C	-0.25%
SNX	D	-0.23%
TDY	B	-0.22%
HART	C	-0.19%
BA	F	-0.18%
D	C	-0.17%
OGS	B	-0.17%
VZ	B	-0.16%
ETR	B	-0.16%
T	C	-0.14%
CNP	C	-0.14%
DB	B	-0.13%
CAG	C	-0.13%
SO	B	-0.11%
WFC	D	-0.11%
VTRS	D	-0.1%
GM	C	-0.1%
FITB	B	-0.1%
HUM	F	-0.09%
WEC	C	-0.09%
MLM	D	-0.09%
JBHT	D	-0.09%
IFF	B	-0.08%
STT	A	-0.08%
DT	C	-0.08%
CI	C	-0.08%
NEM	B	-0.08%
DUK	C	-0.08%
KR	C	-0.07%
CFG	C	-0.07%
BX	B	-0.07%
HSBC	B	-0.07%
BG	D	-0.06%
ACR	C	-0.06%
SEB	D	-0.06%
XOM	C	-0.06%
MS	D	-0.05%
AL	D	-0.05%
BHF	F	-0.04%
ORCL	C	-0.04%
KKR	B	-0.04%
ABBV	C	-0.04%
COF	B	-0.04%
PL	F	-0.04%
ARES	B	-0.03%
CHD	D	-0.03%
R	A	-0.03%
NEE	C	-0.03%
BCC	B	-0.03%
BMO	C	-0.03%
WLK	D	-0.02%
MSC	F	-0.02%
ETN	C	-0.02%
AZO	D	-0.02%
GSK	C	-0.02%
DIS	D	-0.02%
AER	B	-0.02%
BNS	B	-0.02%
EPD	B	-0.01%
ABT	C	-0.01%
PFE	C	-0.01%
IBM	B	-0.01%
ICE	C	-0.01%
MCO	B	-0.01%
DHR	B	-0.01%
CSL	B	-0.01%
BMY	C	-0.01%
PSX	F	-0.01%
SCHW	D	-0.01%
PNC	B	-0.01%
BK	B	-0.01%
UNH	C	-0.01%
MMM	B	-0.01%
AXP	B	-0.01%
CAT	B	-0.01%
PM	C	-0.01%
HBAN	B	-0.01%
ES	C	-0.01%
JXN	A	-0.01%
MET	B	-0.01%
UBS	C	-0.01%
BAC	D	-0.01%
RY	B	-0.01%
TFC	C	-0.01%
DE	B	-0.01%
KEY	B	-0.01%
MUFG	D	-0.01%
GS	C	-0.01%
NWG	C	-0.01%
TD	B	-0.01%
PFG	B	-0.01%
CM	B	-0.01%
USB	B	-0.01%
C	C	-0.01%
AIG	D	-0.01%