SMRI vs. PDP ETF Comparison

Comparison of Bushido Capital US Equity ETF (SMRI) to PowerShares DWA Technical Leaders Portfolio (PDP)

SMRI

Bushido Capital US Equity ETF

SMRI Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets (plus the amount of any borrowings for investment purposes) in U.S. listed common stock.

Grade (RS Rating)

Last Trade

$33.54

Average Daily Volume

5,628

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

$115.75

Average Daily Volume

20,465

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	SMRI	PDP
30 Days	10.48%	9.76%
60 Days	9.99%	12.10%
90 Days	11.21%	14.30%
12 Months	34.42%	43.00%

5 Overlapping Holdings

Symbol	Grade	Weight in SMRI	Weight in PDP	Overlap
APP	B	4.07%	4.16%	4.07%
EME	C	2.14%	0.93%	0.93%
NVR	D	1.76%	1.24%	1.24%
PHM	D	1.68%	0.51%	0.51%
VST	B	2.32%	1.52%	1.52%

SMRI Overweight 45 Positions Relative to PDP

Symbol	Grade	Weight
DAL	C	2.56%
DOCU	A	2.55%
MCK	B	2.34%
EXPE	B	2.33%
SNA	A	2.33%
EPAM	C	2.28%
BKNG	A	2.22%
ZM	B	2.2%
PCAR	B	2.16%
JBL	B	2.11%
HPE	B	2.1%
GEN	B	2.07%
OC	A	2.07%
CAH	B	2.04%
CVX	A	2.04%
FFIV	B	2.03%
PYPL	B	2.03%
PAYX	C	2.03%
COR	B	2.0%
UTHR	C	2.0%
EG	C	1.97%
EOG	A	1.97%
VLO	C	1.94%
NRG	B	1.93%
ABNB	C	1.91%
XOM	B	1.91%
BWA	D	1.89%
SLB	C	1.87%
FANG	D	1.84%
NUE	C	1.81%
QCOM	F	1.81%
LKQ	D	1.79%
MPC	D	1.79%
NTAP	C	1.79%
DVN	F	1.78%
CI	F	1.71%
LEN	D	1.71%
BLD	D	1.68%
BG	F	1.68%
AMGN	D	1.68%
MOH	F	1.64%
WSM	B	1.59%
MRK	F	1.58%
CNC	D	1.46%
ELV	F	1.43%

SMRI Underweight 95 Positions Relative to PDP

Symbol	Grade	Weight
TRGP	B	-2.86%
MA	C	-2.84%
CPRT	A	-2.81%
AAPL	C	-2.79%
APH	A	-2.53%
FI	A	-2.24%
ROP	B	-2.23%
TDG	D	-2.22%
GWW	B	-2.12%
KNSL	B	-1.9%
TT	A	-1.69%
FIX	A	-1.64%
CTAS	B	-1.54%
COST	B	-1.52%
PWR	A	-1.43%
PLTR	B	-1.39%
FICO	B	-1.33%
HWM	A	-1.28%
V	A	-1.27%
URI	B	-1.23%
ARES	A	-1.22%
TJX	A	-1.22%
MTSI	B	-1.18%
THC	D	-1.13%
RCL	A	-1.06%
AFRM	B	-1.05%
LLY	F	-1.05%
KLAC	D	-1.04%
ANET	C	-1.04%
AXON	A	-1.03%
ORCL	B	-0.95%
ISRG	A	-0.95%
KKR	A	-0.94%
APO	B	-0.93%
BAH	F	-0.93%
META	D	-0.91%
PCVX	D	-0.89%
MSFT	F	-0.89%
HOOD	B	-0.79%
CSL	C	-0.77%
WING	D	-0.76%
NFLX	A	-0.76%
BX	A	-0.74%
AIT	A	-0.74%
EVR	B	-0.73%
WAL	B	-0.72%
ONTO	D	-0.71%
NTNX	A	-0.71%
CLH	B	-0.69%
COKE	C	-0.69%
PRI	A	-0.69%
ENSG	D	-0.69%
AAON	B	-0.68%
AJG	B	-0.68%
MANH	D	-0.67%
TTEK	F	-0.66%
HLI	B	-0.66%
OKE	A	-0.66%
NTRA	B	-0.65%
JEF	A	-0.65%
BRO	B	-0.65%
DASH	A	-0.64%
MUSA	A	-0.64%
FCNCA	A	-0.63%
CARR	D	-0.61%
FLR	B	-0.61%
PH	A	-0.6%
USFD	A	-0.6%
TXRH	C	-0.6%
EXP	A	-0.6%
IRM	D	-0.6%
ETN	A	-0.57%
CW	B	-0.57%
COHR	B	-0.57%
GWRE	A	-0.56%
TOL	B	-0.55%
BJ	A	-0.55%
HRB	D	-0.54%
IR	B	-0.53%
PSN	D	-0.53%
PTC	A	-0.53%
MMC	B	-0.53%
ICE	C	-0.52%
LDOS	C	-0.52%
PGR	A	-0.52%
LII	A	-0.51%
UFPI	B	-0.51%
TMHC	B	-0.5%
ACGL	D	-0.46%
HCA	F	-0.45%
MTH	D	-0.42%
NSIT	F	-0.41%
ERIE	D	-0.41%
DHI	D	-0.41%
REGN	F	-0.34%