SOVF vs. PSP ETF Comparison

Comparison of Sovereign's Capital Flourish Fund (SOVF) to PowerShares Listed Private Equity (PSP)

SOVF

Sovereign's Capital Flourish Fund

SOVF Description

The fund invests primarily in common stock of publicly traded U.S. companies that are selected by the fund's investment adviser. The Adviser employs an active management strategy in seeking to achieve the fund"s objective.

Grade (RS Rating)

Last Trade

$32.27

Average Daily Volume

12,200

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSP

PowerShares Listed Private Equity

PSP Description

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$70.35

Average Daily Volume

16,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SOVF	PSP
30 Days	5.98%	2.66%
60 Days	5.98%	3.67%
90 Days	5.25%	8.18%
12 Months	24.72%	38.54%

1 Overlapping Holdings

	Symbol	Grade	Weight in SOVF	Weight in PSP	Overlap
	PX	A	2.0%	0.54%	0.54%

SOVF Overweight 78 Positions Relative to PSP

Symbol	Grade	Weight
GSHD	A	3.58%
PAYC	B	2.85%
ALKT	B	2.83%
PCTY	C	2.72%
PRI	B	2.71%
COKE	C	2.69%
LOPE	C	2.69%
CBRE	B	2.63%
FI	A	2.55%
DAVA	C	2.5%
PGR	A	2.28%
AFG	A	2.28%
LCII	C	2.2%
AJG	A	2.01%
TSN	B	1.96%
FOLD	F	1.95%
EEFT	B	1.87%
RJF	A	1.82%
MOH	F	1.78%
PPC	C	1.67%
BIGC	B	1.62%
DIOD	D	1.57%
KFY	B	1.54%
NSP	F	1.47%
SBAC	D	1.46%
RPAY	D	1.42%
NHC	C	1.39%
COLM	C	1.35%
BDX	F	1.31%
APG	B	1.29%
UPS	C	1.27%
FANG	C	1.24%
GEF	A	1.23%
CSCO	B	1.17%
SCHW	B	1.17%
QCOM	F	1.16%
DVN	F	1.1%
NEO	C	1.09%
ANET	C	1.08%
ITT	A	1.05%
BKH	A	1.04%
ADV	D	1.01%
LECO	C	1.01%
VRRM	F	1.0%
APA	D	1.0%
SITE	F	0.98%
AWK	C	0.91%
AMED	F	0.88%
USFD	A	0.85%
IEX	C	0.73%
PLOW	D	0.7%
INTC	C	0.69%
CSWI	B	0.68%
TFIN	B	0.62%
FAST	B	0.58%
SAIC	F	0.57%
SMCI	F	0.57%
WMT	A	0.56%
ADP	A	0.56%
JBHT	C	0.54%
HCSG	C	0.54%
RMD	C	0.52%
ERIE	D	0.52%
VRSN	C	0.5%
WCN	A	0.49%
HUBS	A	0.49%
CPT	B	0.49%
GGG	B	0.48%
AZZ	A	0.48%
ORLY	B	0.48%
SPB	C	0.47%
CPRT	B	0.47%
SPTN	D	0.46%
JJSF	C	0.45%
SPSC	D	0.45%
KFRC	D	0.43%
NTAP	C	0.42%
OPCH	D	0.37%

SOVF Underweight 25 Positions Relative to PSP

Symbol	Grade	Weight
TPG	A	-5.92%
KKR	A	-5.63%
BX	A	-5.61%
CG	B	-4.75%
OWL	A	-3.82%
HLNE	B	-3.06%
ARCC	A	-3.02%
STEP	C	-2.63%
GHC	B	-1.45%
IAC	F	-1.21%
BBUC	C	-1.16%
FSK	A	-0.93%
CODI	B	-0.75%
BXSL	A	-0.69%
GBDC	D	-0.69%
CNNE	B	-0.49%
HTGC	D	-0.48%
MAIN	A	-0.48%
SLRC	A	-0.23%
BBDC	A	-0.22%
BCSF	C	-0.22%
NMFC	D	-0.21%
GSBD	F	-0.21%
TSLX	C	-0.21%
CSWC	D	-0.2%

PSP: Top Represented Industries & Keywords

Industries: Asset Management Credit Services Conglomerates Education & Training Services Internet Content & Information Specialty Finance