RULE vs. PDP ETF Comparison

Comparison of Adaptive Core ETF (RULE) to PowerShares DWA Technical Leaders Portfolio (PDP)

RULE

Adaptive Core ETF

RULE Description

Adaptive Core ETF seeks current income. The fund invests in individual equity securities without regard to market capitalization and ETFs that invest in equity securities of any market capitalization including convertible equity securities and fixed income ETFs. The fund’s portfolio may hold securities from issuers of any market capitalization, credit quality, maturity, or country. Fixed income securities may include securities with credit quality below investment grade (commonly referred to as “junk bond” credit quality).

Grade (RS Rating)

Last Trade

$21.97

Average Daily Volume

5,802

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PDP

PowerShares DWA Technical Leaders Portfolio

PDP Description

The PowerShares DWA Momentum Portfolio (Fund) is based on the Dorsey Wright Technical Leaders™ Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs based on the securities in the Index. The Index includes approximately 100 US-listed companies from a broad mid- and large-capitalization universe. The Index is constructed pursuant to Dorsey, Wright & Associates, LLC's proprietary methodology, which takes into account, among other factors, the performance of each of the 3,000 largest US-listed companies as compared to a benchmark index, and the relative performance of industry sectors and sub-sectors. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA Technical Leaders Portfolio to PowerShares DWA Momentum Portfolio.

Grade (RS Rating)

Last Trade

$99.48

Average Daily Volume

15,778

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RULE	PDP
30 Days	1.52%	3.14%
60 Days	1.48%	3.02%
90 Days	2.68%	4.57%
12 Months	12.01%	22.41%

16 Overlapping Holdings

Symbol	Grade	Weight in RULE	Weight in PDP	Overlap
ANET	C	3.1%	0.9%	0.9%
ARES	C	1.97%	0.88%	0.88%
BRO	B	2.6%	0.58%	0.58%
CDNS	C	2.77%	2.7%	2.7%
COST	C	2.73%	1.7%	1.7%
CRWD	C	2.68%	0.61%	0.61%
ETN	C	2.99%	0.54%	0.54%
GOOGL	C	3.06%	0.76%	0.76%
IR	B	2.44%	0.51%	0.51%
ISRG	B	2.8%	0.79%	0.79%
LLY	B	2.83%	1.47%	1.47%
LRCX	C	2.83%	0.54%	0.54%
MSFT	C	2.79%	0.94%	0.94%
NVDA	C	2.2%	2.94%	2.2%
PWR	D	2.71%	1.17%	1.17%
TT	A	2.64%	1.64%	1.64%

RULE Overweight 19 Positions Relative to PDP

Symbol	Grade	Weight
BIL	B	4.33%
JPST	B	4.3%
APH	B	3.76%
K	D	3.03%
XLG	B	2.96%
SPHQ	B	2.93%
MU	C	2.91%
COF	C	2.91%
VEEV	D	2.88%
IWF	B	2.83%
NTAP	B	2.79%
ZS	C	2.75%
ZTS	C	2.73%
NOW	C	2.72%
FITB	B	2.71%
MSI	B	2.69%
VRSK	B	2.65%
WAB	D	2.65%
TMO	D	2.34%

RULE Underweight 83 Positions Relative to PDP

Symbol	Grade	Weight
MA	D	-2.87%
CPRT	B	-2.62%
WRB	D	-2.52%
TRGP	A	-2.47%
ROP	C	-2.37%
TDG	D	-2.37%
ELF	B	-2.23%
GWW	D	-2.04%
SNPS	B	-1.9%
MEDP	B	-1.87%
ENTG	B	-1.82%
KLAC	B	-1.61%
APP	C	-1.55%
CTAS	B	-1.48%
CMG	D	-1.41%
AMAT	C	-1.35%
FIX	D	-1.27%
FANG	B	-1.24%
TJX	A	-1.2%
NVR	B	-1.19%
AVGO	B	-1.1%
V	F	-1.09%
WFRD	B	-1.09%
MTSI	B	-1.06%
ONTO	C	-1.06%
DECK	D	-0.98%
THC	B	-0.95%
CEG	C	-0.93%
BAH	B	-0.91%
WING	D	-0.88%
URI	C	-0.87%
META	C	-0.81%
FICO	A	-0.78%
HWM	D	-0.78%
ORCL	B	-0.75%
CDW	D	-0.74%
CSL	B	-0.74%
RCL	B	-0.71%
APO	A	-0.69%
APG	C	-0.68%
COKE	C	-0.67%
KKR	B	-0.67%
TTEK	D	-0.66%
NFLX	C	-0.65%
ENSG	B	-0.65%
CLH	B	-0.65%
AJG	A	-0.64%
PSTG	B	-0.61%
NSIT	C	-0.6%
AIT	C	-0.6%
PRI	B	-0.6%
MUSA	B	-0.59%
EVR	A	-0.59%
MCK	C	-0.59%
HRB	C	-0.59%
AXON	D	-0.57%
FCNCA	B	-0.57%
MMC	A	-0.56%
TXRH	D	-0.56%
FLR	A	-0.56%
BJ	B	-0.56%
PSN	C	-0.55%
HUBB	D	-0.55%
HOOD	C	-0.55%
USFD	D	-0.55%
PTC	C	-0.55%
IRM	B	-0.55%
HLI	A	-0.55%
GPS	C	-0.54%
PH	C	-0.53%
KBR	D	-0.53%
LDOS	B	-0.53%
OC	C	-0.53%
NTRA	B	-0.53%
AME	C	-0.53%
ACGL	D	-0.52%
MAS	C	-0.5%
CROX	D	-0.5%
WLK	D	-0.5%
TOL	C	-0.49%
PHM	C	-0.49%
WSM	C	-0.48%
BLD	C	-0.47%