FPAG vs. PSCU ETF Comparison

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

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

$29.22

Average Daily Volume

18,627

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description

The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Utilities & Telecom Services 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 utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. 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

$51.99

Average Daily Volume

1,263

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	PSCU
30 Days	1.17%	1.77%
60 Days	4.94%	1.41%
90 Days	6.82%	-0.42%
12 Months	28.47%	-2.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in FPAG	Weight in PSCU	Overlap

FPAG Overweight 25 Positions Relative to PSCU

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

FPAG Underweight 34 Positions Relative to PSCU

Symbol	Grade	Weight
OTTR	B	-6.44%
MSGS	B	-5.43%
CWT	B	-5.16%
MGEE	B	-5.15%
TRIP	F	-5.09%
AVA	B	-5.05%
AWR	C	-4.77%
CCOI	F	-4.73%
YELP	D	-4.57%
CPK	B	-4.35%
SATS	C	-3.67%
CARG	D	-3.52%
CNK	D	-3.34%
CWEN	B	-3.3%
CABO	F	-3.23%
SJW	D	-2.89%
TDS	F	-2.86%
NWN	B	-2.56%
LUMN	F	-2.33%
CARS	D	-1.87%
SSTK	F	-1.79%
QNST	B	-1.75%
SCHL	F	-1.69%
MSEX	C	-1.67%
UTL	B	-1.51%
THRY	C	-1.34%
TTGT	F	-1.33%
CWEN	B	-1.29%
SHEN	D	-1.19%
GOGO	C	-1.01%
AMCX	D	-0.63%
CNSL	C	-0.58%
MCS	F	-0.53%
ATNI	F	-0.39%