SMTH vs. VRP ETF Comparison

Comparison of ALPS Smith Core Plus Bond ETF (SMTH) to PowerShares Variable Rate Preferred Portfolio (VRP)

SMTH

ALPS Smith Core Plus Bond ETF

SMTH Description

The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. Bonds include, but are not limited to, government notes and bonds, corporate bonds, convertible bonds, commercial and residential mortgage-backed securities, and zero-coupon bonds. It may also invest in asset-backed securities, money market instruments, commercial loans, and foreign debt securities (including investments in emerging markets).

Grade (RS Rating)

Last Trade

$25.72

Average Daily Volume

286,573

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VRP

PowerShares Variable Rate Preferred Portfolio

VRP Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Wells FargoÂ® Hybrid and Preferred Securities Floating and Variable Rate Index. The index is a market capitalization-weighted index designed to track the performance of preferred stock, as well as certain types of "hybrid securities" that are functionally equivalent to preferred stocks, that are issued by US-based or foreign issuers and that pay a floating or variable rate dividend or coupon. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.48

Average Daily Volume

303,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMTH	VRP
30 Days	-1.60%	-0.03%
60 Days	-3.33%	0.78%
90 Days	-1.19%	2.85%
12 Months		15.39%

1 Overlapping Holdings

	Symbol	Grade	Weight in SMTH	Weight in VRP	Overlap
	TVE	C	0.06%	0.08%	0.06%

SMTH Overweight 1 Positions Relative to VRP

	Symbol	Grade	Weight
	GTLS	A	0.2%

SMTH Underweight 18 Positions Relative to VRP

Symbol	Grade	Weight
RZC	A	-0.34%
AGNC	C	-0.26%
CHSCM	C	-0.23%
FITBI	A	-0.21%
CHSCN	C	-0.2%
RZB	C	-0.18%
ESGRP	D	-0.16%
AQNB	C	-0.16%
AGNCN	A	-0.15%
WTFCP	A	-0.13%
TVC	C	-0.11%
NYMTM	A	-0.08%
ZIONO	C	-0.07%
WTFCM	A	-0.06%
NYMTL	A	-0.06%
NYMTN	C	-0.06%
VLYPO	A	-0.05%
VLYPP	A	-0.05%

SMTH: Top Represented Industries & Keywords

Industries: Electric Utilities Metal Fabrication