VABS vs. PHO ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to Invesco Water Resources ETF (PHO)

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.25

Average Daily Volume

317

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PHO

Invesco Water Resources ETF

PHO Description

The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Grade (RS Rating)

Last Trade

$68.03

Average Daily Volume

68,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VABS	PHO
30 Days	1.35%	6.20%
60 Days	2.14%	3.64%
90 Days	2.54%	2.99%
12 Months	6.90%	19.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in VABS	Weight in PHO	Overlap

VABS Overweight 53 Positions Relative to PHO

Symbol	Grade	Weight
RLJ	F	4.48%
BW	F	2.27%
NS	D	2.1%
EFC	B	1.89%
BFS	B	1.53%
EQC	A	1.49%
DRH	D	1.35%
PBI	B	1.34%
TWO	B	1.26%
ARR	B	1.25%
GNL	B	0.94%
F	F	0.87%
MFA	B	0.86%
CIM	B	0.82%
IVR	C	0.78%
DBRG	D	0.62%
ET	B	0.55%
EPR	B	0.47%
MITT	C	0.45%
CTO	A	0.29%
AEL	A	0.28%
PSEC	D	0.23%
TDS	C	0.23%
PMT	C	0.21%
AHH	B	0.17%
SHO	D	0.17%
LXP	B	0.17%
INN	A	0.16%
ATCOL	A	0.15%
BHR	B	0.15%
UMH	A	0.11%
ABR	D	0.1%
ALLY	B	0.1%
FTAI	B	0.06%
ALTG	C	0.05%
FHN	C	0.04%
NYCB	D	0.04%
AL	D	0.04%
CIO	B	0.03%
NLY	B	0.03%
SNV	B	0.02%
DX	B	0.02%
CODI	C	0.02%
PEB	F	0.01%
CNO	A	0.01%
VNO	B	0.01%
BOH	B	0.01%
SF	C	0.01%
EQH	C	0.01%
COF	C	0.01%
IFF	C	0.01%
JPM	C	0.01%
NEE	A	0.01%

VABS Underweight 36 Positions Relative to PHO

Symbol	Grade	Weight
AWK	A	-8.22%
ECL	C	-8.01%
ROP	D	-7.81%
VLTO	A	-7.01%
TTC	C	-4.51%
PNR	B	-4.12%
WAT	A	-3.9%
ACM	C	-3.83%
AOS	C	-3.83%
WMS	C	-3.81%
XYL	D	-3.78%
IEX	D	-3.75%
CNM	C	-3.52%
WTRG	A	-3.29%
TTEK	A	-2.81%
VMI	B	-2.48%
MLI	B	-2.2%
ITRI	D	-2.15%
BMI	B	-1.72%
WTS	B	-1.44%
ZWS	C	-1.34%
MWA	B	-1.28%
CWT	A	-1.03%
AWR	A	-0.99%
FELE	B	-0.97%
SBS	A	-0.78%
SJW	A	-0.61%
LNN	C	-0.6%
MSEX	A	-0.43%
ERII	B	-0.33%
CWCO	C	-0.24%
GRC	B	-0.21%
YORW	A	-0.12%
ARTNA	B	-0.1%
NWPX	B	-0.08%
GWRS	B	-0.02%