FPAG vs. PSCE ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to PowerShares S&P SmallCap Energy Portfolio (PSCE)

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.69

Average Daily Volume

18,645

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCE

PowerShares S&P SmallCap Energy Portfolio

PSCE Description

The PowerShares S&P SmallCap Energy Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Energy 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 energy companies. These companies are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil based energy. 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

$54.19

Average Daily Volume

36,611

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	PSCE
30 Days	5.21%	-2.59%
60 Days	6.42%	3.31%
90 Days	8.02%	11.09%
12 Months	29.30%	30.41%

0 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in PSCE	Overlap

FPAG Overweight 25 Positions Relative to PSCE

Symbol	Grade	Weight
GOOGL	B	6.38%
META	D	5.35%
ADI	A	5.13%
C	A	4.88%
CMCSA	D	4.78%
TEL	A	4.58%
GOOG	B	4.17%
IFF	B	3.84%
WFC	A	3.66%
AMZN	B	3.39%
AON	D	2.69%
AVGO	C	2.26%
NXPI	A	2.21%
KMX	D	1.85%
CHTR	D	1.75%
KMI	A	1.72%
MAR	D	1.69%
FE	A	1.49%
HWM	B	1.29%
ICLR	D	1.26%
WAB	B	1.23%
UBER	D	1.16%
NFLX	C	0.66%
BABA	C	0.29%
PCG	B	0.21%

FPAG Underweight 26 Positions Relative to PSCE

Symbol	Grade	Weight
SM	C	-10.34%
MGY	B	-8.46%
HP	D	-6.71%
NOG	C	-6.51%
PTEN	F	-6.11%
LBRT	A	-5.84%
AROC	B	-5.04%
CRC	F	-4.66%
OII	C	-4.32%
CEIX	C	-4.19%
BTU	D	-3.63%
TALO	F	-3.16%
HLX	B	-3.0%
PARR	F	-2.97%
LPG	B	-2.74%
GPRE	F	-2.31%
SLCA	B	-2.2%
CRK	C	-1.71%
REX	B	-1.62%
CVI	F	-1.57%
PUMP	C	-1.47%
VTOL	A	-1.42%
CLB	D	-1.41%
DRQ	F	-1.21%
NBR	F	-1.2%
RES	F	-1.05%