QVAL vs. PSCI ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to PowerShares S&P SmallCap Industrials Portfolio (PSCI)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.94

Average Daily Volume

19,886

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCI

PowerShares S&P SmallCap Industrials Portfolio

PSCI Description

The PowerShares S&P SmallCap Industrials Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Industrials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US industrial companies. These companies are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense and general manufacturing. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$130.77

Average Daily Volume

5,978

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	PSCI
30 Days	2.19%	1.18%
60 Days	7.26%	5.17%
90 Days	7.37%	9.52%
12 Months	28.59%	33.55%

2 Overlapping Holdings

	Symbol	Grade	Weight in QVAL	Weight in PSCI	Overlap
	GTES	C	1.94%	1.7%	1.7%
	POWL	A	2.59%	0.86%	0.86%

QVAL Overweight 48 Positions Relative to PSCI

Symbol	Grade	Weight
SIG	C	2.29%
WSM	C	2.27%
ULTA	D	2.19%
DAL	B	2.19%
ASO	D	2.18%
UFPI	B	2.13%
KBH	C	2.09%
TPR	B	2.07%
CAT	A	2.06%
T	A	2.04%
JBL	D	2.04%
BKR	B	2.04%
OC	B	2.04%
CMCSA	B	2.03%
PCAR	D	2.03%
LBRT	F	2.03%
URBN	F	2.02%
LEN	B	2.02%
FCX	B	2.02%
OMC	A	2.01%
THC	C	2.01%
WCC	C	2.01%
HRB	C	1.99%
SNA	B	1.98%
MAT	C	1.97%
CRI	D	1.97%
CVS	D	1.97%
ALSN	A	1.96%
MOH	D	1.95%
FOXA	A	1.95%
CROX	C	1.95%
GPK	B	1.93%
SLB	F	1.93%
CTSH	C	1.92%
HAL	F	1.9%
IPG	C	1.89%
ELV	F	1.88%
TAP	D	1.87%
CEIX	B	1.86%
MO	B	1.86%
TEX	F	1.85%
SKX	C	1.84%
ARCH	D	1.84%
SM	F	1.83%
WFRD	F	1.82%
MPC	F	1.82%
DVN	F	1.81%
CNC	F	1.81%

QVAL Underweight 90 Positions Relative to PSCI

Symbol	Grade	Weight
MLI	B	-3.44%
RHI	D	-2.96%
CSWI	B	-2.55%
MOG.A	B	-2.46%
AWI	A	-2.45%
DY	C	-2.43%
AVAV	B	-2.42%
FSS	B	-2.38%
BCC	B	-2.33%
ALK	B	-2.23%
ZWS	A	-2.08%
AL	D	-1.98%
MATX	B	-1.97%
VRRM	D	-1.95%
ACA	C	-1.92%
RUN	D	-1.79%
FELE	B	-1.7%
KFY	C	-1.65%
GMS	D	-1.53%
GVA	B	-1.46%
NPO	C	-1.41%
SKYW	B	-1.4%
BRC	C	-1.4%
RUSHA	C	-1.37%
ESE	B	-1.37%
ABM	D	-1.36%
RXO	D	-1.33%
JBT	B	-1.24%
GFF	B	-1.21%
REZI	F	-1.21%
UNF	B	-1.2%
TRN	C	-1.19%
HUBG	D	-1.18%
AIN	D	-1.14%
ARCB	D	-1.11%
HNI	B	-1.05%
AZZ	C	-1.03%
AIR	D	-1.03%
WERN	D	-0.97%
EPAC	C	-0.96%
ROCK	D	-0.91%
HAYW	B	-0.89%
SXI	B	-0.89%
KMT	C	-0.85%
HI	F	-0.8%
ALG	D	-0.79%
MRCY	C	-0.77%
KAR	D	-0.76%
B	D	-0.76%
TNC	F	-0.75%
VSTS	D	-0.75%
GEO	F	-0.73%
MLKN	F	-0.72%
JBLU	B	-0.72%
MYRG	F	-0.7%
GBX	C	-0.67%
APOG	B	-0.63%
AMWD	C	-0.61%
CXW	F	-0.6%
DNOW	F	-0.58%
LNN	B	-0.57%
SNDR	C	-0.56%
CSGS	C	-0.56%
NX	F	-0.55%
NVEE	F	-0.5%
PBI	C	-0.47%
TILE	B	-0.46%
TGI	F	-0.44%
MRTN	D	-0.42%
NVRI	D	-0.36%
WNC	F	-0.36%
VICR	C	-0.36%
DLX	F	-0.36%
HCSG	D	-0.34%
HSII	B	-0.33%
VVI	C	-0.32%
ASTE	F	-0.31%
PRLB	F	-0.31%
FWRD	D	-0.3%
MATW	F	-0.3%
DXPE	B	-0.29%
KELYA	D	-0.29%
ALGT	D	-0.28%
IIIN	F	-0.26%
LQDT	C	-0.22%
HTLD	F	-0.22%
SNCY	D	-0.18%
TWI	D	-0.17%
HTZ	F	-0.17%
NPK	F	-0.16%