PPA vs. GCAD ETF Comparison

Comparison of PowerShares Aerospace & Defense (PPA) to Gabelli Equity Income ETF (GCAD)

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADE™ Defense 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 identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$104.31

Average Daily Volume

150,065

Number of Holdings ^*

47

* may have additional holdings in another (foreign) market

GCAD

Gabelli Equity Income ETF

GCAD Description

The fund will seek to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in securities in income producing equity securities including securities in the aerospace and defense sectors. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Grade (RS Rating)

Last Trade

$31.34

Average Daily Volume

870

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	PPA	GCAD
30 Days	2.72%	2.38%
60 Days	4.98%	4.05%
90 Days	11.63%	9.59%
12 Months	31.89%	28.46%

9 Overlapping Holdings

	Symbol	Grade	Weight in PPA	Weight in GCAD	Overlap
	BA	F	5.9%	8.26%	5.9%
	CW	A	1.31%	5.58%	1.31%
	DCO	B	0.15%	6.56%	0.15%
	HXL	C	0.97%	5.21%	0.97%
	LHX	A	4.58%	5.2%	4.58%
	MOG.A	A	0.65%	8.49%	0.65%
	SPR	D	0.74%	7.45%	0.74%
	TXT	D	2.4%	5.43%	2.4%
	WWD	A	1.08%	5.26%	1.08%

PPA Overweight 38 Positions Relative to GCAD

	Symbol	Grade	Weight
	RTX	A	6.9%
	LMT	A	6.78%
	GE	A	6.04%
	NOC	B	5.61%
	GD	A	4.91%
	HON	D	4.31%
	TDG	A	4.05%
	ETN	A	3.84%
	PH	B	3.6%
	HWM	A	3.57%
	AXON	B	3.35%
	BAH	B	2.48%
	LDOS	A	2.19%
	APH	A	2.15%
	HII	D	2.06%
	HEI	B	1.85%
	BWXT	D	1.41%
	CACI	A	1.35%
	KBR	A	1.34%
	TDY	D	1.0%
	SAIC	C	1.0%
	ATI	B	0.95%
	J	D	0.88%
	AVAV	B	0.88%
	PLTR	D	0.85%
	PSN	D	0.64%
	KEYS	D	0.6%
	KTOS	B	0.55%
	AIR	B	0.48%
	OSK	D	0.45%
	MRCY	C	0.34%
	VSAT	D	0.3%
	OSIS	D	0.26%
	CDRE	D	0.26%
	IRDM	D	0.2%
	TGI	C	0.2%
	B	C	0.15%
	TTMI	B	0.14%

PPA Underweight 1 Positions Relative to GCAD

	Symbol	Grade	Weight
	CR	A	-5.13%

PPA: Top Represented Industries & Keywords

Industries: Aerospace & Defense Diversified Industrials Information Technology Services Specialty Industrial Machinery Communication Equipment Electronic Components Engineering & Construction Scientific & Technical Instruments Business Services Computer Systems Contract Manufacturers Metal Fabrication Security & Protection Services Software - Infrastructure Telecom Services Truck Manufacturing

Keywords: S&P 500 Aerospace Electronics Department Of Defense Radar Avionics National Security Weapons Defense Systems Engineering Services Helicopter Homeland Security Laser Space Systems Actuator Aerostructure Aviation Batteries Computer Security Computing

GCAD: Top Represented Industries & Keywords

Industries: Aerospace & Defense Diversified Industrials Communication Equipment

Keywords: Aerospace Actuator Avionics Engineered Products Helicopter S&P 500 Weapons Wind Turbine Aerostructure Data Communications Defense Systems Electronics Fiber Optics Industrial Products Intelligence Systems Microwave Radar Supply Chain Management Turbines Adhesives