VABS vs. PSCF ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to PowerShares S&P SmallCap Financials Portfolio (PSCF)

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

$24.52

Average Daily Volume

777

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCF

PowerShares S&P SmallCap Financials Portfolio

PSCF Description

The PowerShares S&P SmallCap Financials Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Financials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US financial services companies. These companies are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$55.91

Average Daily Volume

2,839

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

Performance

Period	VABS	PSCF
30 Days	1.11%	4.36%
60 Days	2.19%	5.54%
90 Days	3.13%	20.08%
12 Months	7.82%	32.13%

12 Overlapping Holdings

Symbol	Grade	Weight in VABS	Weight in PSCF	Overlap
ABR	B	0.1%	0.77%	0.1%
AHH	B	0.17%	0.23%	0.17%
BFS	C	1.53%	0.15%	0.15%
BOH	C	0.01%	0.73%	0.01%
DRH	C	1.35%	0.52%	0.52%
EFC	B	1.89%	0.33%	0.33%
GNL	B	0.94%	0.5%	0.5%
INN	C	0.16%	0.2%	0.16%
LXP	B	0.17%	0.85%	0.17%
PEB	D	0.01%	0.45%	0.01%
PMT	B	0.21%	0.35%	0.21%
SHO	D	0.17%	0.6%	0.17%

VABS Overweight 39 Positions Relative to PSCF

Symbol	Grade	Weight
RLJ	D	4.48%
BW	F	2.27%
EQC	B	1.49%
PBI	C	1.34%
TWO	B	1.26%
ARR	B	1.25%
F	D	0.87%
MFA	A	0.86%
CIM	A	0.82%
IVR	C	0.78%
DBRG	D	0.62%
ET	B	0.55%
EPR	B	0.47%
MITT	B	0.45%
CTO	C	0.29%
PSEC	C	0.23%
TDS	C	0.23%
ATCOL	B	0.15%
BHR	D	0.15%
UMH	C	0.11%
ALLY	F	0.1%
FTAI	B	0.06%
ALTG	F	0.05%
FHN	D	0.04%
NYCB	D	0.04%
AL	D	0.04%
CIO	B	0.03%
NLY	A	0.03%
SNV	C	0.02%
DX	A	0.02%
CODI	D	0.02%
CNO	B	0.01%
VNO	B	0.01%
SF	A	0.01%
EQH	C	0.01%
COF	C	0.01%
IFF	B	0.01%
JPM	D	0.01%
NEE	B	0.01%

VABS Underweight 145 Positions Relative to PSCF

Symbol	Grade	Weight
CMA	B	-2.2%
COOP	B	-1.7%
EPRT	A	-1.66%
JXN	B	-1.63%
RDN	B	-1.51%
LNC	D	-1.46%
PECO	B	-1.37%
MC	B	-1.32%
SLG	B	-1.3%
CTRE	B	-1.28%
PIPR	B	-1.19%
AGO	C	-1.17%
HASI	B	-1.15%
ABCB	B	-1.12%
SFBS	B	-1.1%
IIPR	B	-1.05%
BGC	B	-1.04%
WD	B	-1.03%
MAC	B	-1.02%
SKT	B	-1.01%
HIW	B	-1.0%
UCBI	B	-0.99%
MPW	C	-0.98%
AUB	C	-0.97%
FBP	C	-0.96%
BXMT	C	-0.95%
FULT	C	-0.93%
APLE	D	-0.93%
NMIH	B	-0.93%
AX	D	-0.91%
WSFS	C	-0.89%
CATY	B	-0.88%
CBU	C	-0.87%
FHB	C	-0.85%
GNW	B	-0.84%
APAM	C	-0.83%
VIRT	B	-0.81%
DEI	B	-0.8%
FCPT	A	-0.8%
STEP	B	-0.79%
PJT	B	-0.77%
BKU	C	-0.76%
SFNC	B	-0.75%
CWK	B	-0.74%
UE	B	-0.74%
INDB	C	-0.73%
TBBK	B	-0.72%
OUT	B	-0.72%
PRK	C	-0.7%
FFBC	C	-0.69%
CNS	B	-0.69%
WAFD	B	-0.69%
AKR	C	-0.69%
PLMR	B	-0.68%
PFS	B	-0.68%
PPBI	D	-0.66%
CVBF	C	-0.66%
SBCF	C	-0.65%
GSHD	B	-0.63%
SNEX	C	-0.62%
EVTC	D	-0.62%
NBTB	D	-0.61%
ENVA	C	-0.61%
JOE	C	-0.6%
OFG	C	-0.59%
IBTX	B	-0.58%
ROIC	B	-0.58%
RNST	D	-0.58%
PRG	B	-0.57%
STC	B	-0.57%
TRMK	C	-0.56%
BANC	B	-0.56%
BANR	B	-0.56%
NATL	D	-0.54%
DFIN	B	-0.49%
FCF	C	-0.49%
CHCO	B	-0.49%
FBNC	B	-0.49%
CASH	B	-0.48%
NWBI	C	-0.48%
TRUP	C	-0.47%
LTC	B	-0.47%
LKFN	C	-0.47%
STBA	B	-0.46%
FBK	B	-0.46%
NBHC	C	-0.45%
MCY	C	-0.45%
GTY	B	-0.45%
BANF	B	-0.44%
JBGS	B	-0.43%
ALEX	B	-0.42%
HOPE	B	-0.42%
HTH	C	-0.42%
DEA	B	-0.41%
CUBI	F	-0.4%
XHR	C	-0.4%
HMN	C	-0.4%
VRTS	D	-0.39%
WABC	D	-0.38%
VBTX	B	-0.38%
UNIT	C	-0.37%
KW	C	-0.37%
AAT	B	-0.37%
SPNT	C	-0.37%
ARI	F	-0.36%
NAVI	C	-0.36%
EIG	B	-0.35%
SAFT	C	-0.35%
RC	D	-0.34%
ECPG	C	-0.32%
CSR	B	-0.32%
BHLB	C	-0.32%
EXPI	C	-0.3%
RWT	B	-0.3%
NXRT	B	-0.3%
PFBC	C	-0.28%
AMSF	C	-0.27%
MMI	C	-0.27%
SBSI	B	-0.27%
BDN	B	-0.26%
DCOM	B	-0.25%
BRKL	C	-0.25%
PRAA	D	-0.23%
HFWA	C	-0.22%
SVC	F	-0.22%
CFFN	C	-0.21%
KREF	B	-0.21%
CPF	B	-0.21%
HCI	C	-0.21%
TMP	C	-0.2%
BSIG	B	-0.2%
PRA	C	-0.19%
HPP	D	-0.18%
TRST	C	-0.18%
WSR	D	-0.18%
EGBN	C	-0.18%
EZPW	D	-0.17%
UHT	B	-0.17%
HAFC	C	-0.16%
GDOT	C	-0.15%
AMBC	F	-0.14%
CHCT	F	-0.12%
UFCS	D	-0.12%
WRLD	D	-0.11%
RILY	F	-0.03%