KBWB vs. MARB ETF Comparison

Comparison of PowerShares KBW Bank Portfolio ETF (KBWB) to First Trust Merger Arbitrage ETF (MARB)

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$54.98

Average Daily Volume

634,593

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MARB

First Trust Merger Arbitrage ETF

MARB Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by establishing long and short positions in the equity securities of companies that are involved in a publicly-announced significant corporate event, such as a merger or acquisition. It's portfolio may include equity securities issued by U.S. and non-U.S. companies, including American Depositary Receipts (ADRs), and derivatives, including total return swaps. The fund may invest in securities issued by small, mid and large capitalization issuers. It is non-diversified.

Grade (RS Rating)

Last Trade

$19.67

Average Daily Volume

30,203

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWB	MARB
30 Days	10.89%	0.40%
60 Days	9.56%	-0.31%
90 Days	13.00%	-0.62%
12 Months	43.54%	2.42%

1 Overlapping Holdings

	Symbol	Grade	Weight in KBWB	Weight in MARB	Overlap
	COF	D	3.83%	-3.96%	-3.96%

KBWB Overweight 23 Positions Relative to MARB

Symbol	Grade	Weight
GS	A	8.49%
MS	B	8.22%
WFC	B	8.14%
BAC	A	8.07%
JPM	B	7.77%
C	A	4.18%
TFC	A	4.16%
FITB	B	4.14%
MTB	B	4.0%
PNC	A	3.94%
HBAN	B	3.84%
BK	A	3.79%
STT	B	3.77%
USB	D	3.67%
RF	B	3.42%
NTRS	C	3.31%
CFG	B	3.11%
KEY	B	2.65%
EWBC	C	2.05%
FHN	B	1.67%
CMA	B	1.35%
WAL	C	1.31%
ZION	B	1.23%

KBWB Underweight 20 Positions Relative to MARB

Symbol	Grade	Weight
ACI	C	-5.43%
AMED	B	-4.95%
AXNX	D	-4.2%
X	F	-3.82%
ANSS	D	-3.78%
HES	C	-3.56%
JNPR	D	-3.43%
DFS	C	-3.36%
CERE	B	-3.19%
CTLT	D	-3.15%
VZIO	D	-2.99%
LBAI	C	-2.62%
NWLI	A	-2.2%
SP	B	-1.62%
CPRI	F	-1.59%
SUN	D	-0.0%
XOM	B	--0.27%
SNPS	C	--2.2%
PFS	C	--2.67%
CVX	C	--3.77%