AFSM vs. PTF ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to PowerShares Dynamic Technology (PTF)

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

15,693

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

PTF

PowerShares Dynamic Technology

PTF Description

The PowerShares Dynamic Technology Sector Portfolio (Fund) is based on the Dynamic Technology Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of stocks of 60 US technology companies. These companies are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$75.86

Average Daily Volume

29,177

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	PTF
30 Days	7.72%	16.24%
60 Days	6.49%	20.86%
90 Days	6.95%	17.61%
12 Months	33.58%	62.79%

13 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in PTF	Overlap
ACIW	B	0.02%	1.58%	0.02%
ALKT	B	0.13%	1.31%	0.13%
BDC	B	0.39%	1.53%	0.39%
CVLT	B	0.77%	1.55%	0.77%
IDCC	A	1.19%	1.92%	1.19%
MAX	F	0.1%	0.79%	0.1%
NSIT	F	0.05%	1.1%	0.05%
PI	D	0.49%	2.19%	0.49%
PLUS	F	0.51%	0.85%	0.51%
QTWO	A	0.42%	1.98%	0.42%
VRNS	D	0.26%	1.81%	0.26%
YOU	D	0.37%	1.14%	0.37%
ZETA	D	0.54%	2.27%	0.54%

AFSM Overweight 282 Positions Relative to PTF

Symbol	Grade	Weight
MLI	C	1.38%
SKYW	B	1.22%
NHC	C	1.15%
SFM	A	1.03%
CRS	A	0.93%
ALKS	B	0.91%
CPRX	C	0.88%
PFBC	B	0.88%
STRL	B	0.86%
DAKT	B	0.85%
ANF	C	0.84%
FIX	A	0.84%
EME	C	0.82%
CALM	A	0.78%
MTG	C	0.76%
MHO	D	0.76%
JXN	C	0.72%
BCC	B	0.72%
RDN	C	0.72%
UVE	B	0.72%
TMHC	B	0.7%
AROC	B	0.69%
TBBK	B	0.69%
CEIX	A	0.68%
MCY	A	0.67%
REZI	A	0.66%
SANM	B	0.65%
SLG	B	0.65%
GMED	A	0.65%
COOP	B	0.64%
HWKN	B	0.64%
HSII	B	0.63%
FDP	B	0.63%
BMI	B	0.63%
CRVL	A	0.63%
SLVM	B	0.62%
GMS	B	0.6%
PRK	B	0.59%
NTB	B	0.59%
SUPN	C	0.58%
NMIH	D	0.58%
NHI	D	0.57%
GEO	B	0.57%
BRBR	A	0.57%
CORT	B	0.57%
EGBN	B	0.56%
TGNA	B	0.56%
POWL	C	0.55%
BTU	B	0.55%
HALO	F	0.55%
WT	B	0.55%
BXC	B	0.55%
UFPT	B	0.55%
MUSA	A	0.54%
STBA	B	0.54%
CVNA	B	0.54%
COKE	C	0.54%
OFG	B	0.54%
CHCO	B	0.54%
APPF	B	0.51%
ACT	D	0.51%
PRDO	B	0.51%
KBH	D	0.51%
BELFB	C	0.51%
DOLE	D	0.5%
DDS	B	0.5%
AMWD	C	0.5%
PINC	B	0.47%
LNTH	D	0.47%
CSWI	A	0.47%
TEX	D	0.46%
DFIN	D	0.45%
USLM	A	0.44%
HRB	D	0.43%
AMR	C	0.42%
HIMS	B	0.42%
PLAB	C	0.42%
ADUS	D	0.4%
WFRD	D	0.4%
RMR	F	0.4%
SIG	B	0.39%
IESC	B	0.39%
TILE	B	0.39%
LGND	B	0.39%
PRGS	A	0.39%
EVER	F	0.39%
INMD	C	0.38%
VRNT	C	0.38%
LRN	A	0.38%
RDNT	B	0.37%
WNC	C	0.37%
IIPR	D	0.37%
LOPE	B	0.36%
CASH	A	0.36%
BLBD	D	0.36%
CAL	D	0.36%
M	D	0.36%
APOG	B	0.36%
HIW	D	0.35%
HRMY	D	0.35%
ANIP	F	0.35%
CNXN	C	0.35%
ESNT	D	0.35%
BPMC	C	0.35%
CRAI	B	0.35%
MATX	C	0.35%
TRMK	B	0.34%
MTH	D	0.34%
PBF	D	0.34%
MD	B	0.34%
MOG.A	B	0.34%
CMC	B	0.33%
FBP	B	0.33%
PFS	B	0.32%
LPG	F	0.32%
ATGE	B	0.32%
CNK	B	0.32%
PDM	D	0.32%
YMAB	F	0.31%
ATKR	C	0.31%
RXST	F	0.31%
SCS	C	0.31%
CUZ	B	0.31%
IBOC	A	0.31%
ODP	F	0.3%
TCMD	A	0.3%
DNOW	B	0.3%
VIRT	B	0.3%
AKR	B	0.3%
GRBK	D	0.3%
BKE	B	0.3%
SBRA	C	0.29%
THFF	B	0.29%
PHIN	A	0.29%
SPNS	F	0.29%
DXC	B	0.29%
HUBG	A	0.29%
ADMA	B	0.28%
BKH	A	0.28%
BHE	B	0.28%
BNL	D	0.28%
HCC	B	0.28%
CRDO	B	0.28%
TWI	F	0.28%
SXC	A	0.28%
HURN	B	0.28%
AZZ	B	0.28%
ITCI	C	0.27%
BKU	A	0.27%
CCRN	F	0.26%
HCI	C	0.26%
ASO	F	0.26%
INTA	A	0.26%
PRG	C	0.26%
GIII	D	0.25%
AGX	B	0.25%
MEDP	D	0.25%
GNK	D	0.25%
ABG	B	0.25%
PIPR	B	0.25%
PRM	C	0.25%
HDSN	F	0.24%
PSN	D	0.24%
AVNS	F	0.24%
LMAT	A	0.24%
MED	F	0.23%
NTCT	C	0.23%
HLX	B	0.23%
SMP	B	0.22%
IMKTA	C	0.22%
HAE	C	0.22%
VNDA	C	0.22%
NUS	D	0.22%
KN	B	0.22%
SBH	C	0.22%
NX	C	0.21%
VCTR	B	0.21%
INSW	F	0.21%
WABC	B	0.21%
KRC	C	0.2%
BLFS	C	0.2%
ENS	D	0.2%
PK	B	0.2%
DHT	F	0.2%
AMKR	D	0.2%
EXTR	B	0.2%
CMPR	D	0.2%
ASC	F	0.2%
NAVI	C	0.19%
UCTT	D	0.19%
SGBX	F	0.19%
GOGL	F	0.19%
AXSM	B	0.19%
TMDX	F	0.19%
NSSC	D	0.19%
TARS	B	0.19%
TPC	C	0.18%
TNC	D	0.18%
TGTX	B	0.18%
ONTO	D	0.18%
SIGA	F	0.18%
HOV	D	0.17%
SD	D	0.17%
HY	D	0.17%
ASGN	F	0.17%
NVST	B	0.17%
XRX	F	0.16%
STNG	F	0.16%
ADNT	F	0.16%
METC	C	0.15%
GES	F	0.15%
SCSC	B	0.15%
VSH	D	0.15%
BRC	D	0.15%
SCVL	F	0.14%
AIT	A	0.14%
CSGS	B	0.14%
HROW	D	0.14%
OSCR	D	0.14%
CWCO	C	0.14%
AYI	B	0.14%
NECB	B	0.14%
CECO	A	0.14%
ALRM	C	0.14%
KELYA	F	0.14%
EIG	B	0.13%
MOV	C	0.13%
PCRX	C	0.13%
GFF	A	0.12%
TWST	D	0.12%
CLW	F	0.12%
MRVI	F	0.12%
YEXT	A	0.11%
INVA	D	0.11%
AMCX	C	0.11%
CHRD	D	0.11%
ASTH	D	0.1%
RAMP	C	0.1%
CGEM	F	0.09%
SPSC	C	0.09%
MLKN	D	0.08%
CTRE	D	0.08%
PEBK	B	0.08%
KRYS	B	0.08%
KTB	B	0.08%
ATLO	D	0.07%
TPH	D	0.07%
WGO	C	0.07%
APAM	B	0.06%
FTDR	A	0.06%
GRND	A	0.06%
KSS	F	0.06%
JWN	C	0.06%
ANDE	D	0.05%
OTTR	C	0.05%
AMPH	D	0.05%
REVG	B	0.05%
SWX	B	0.05%
OGS	A	0.05%
ATEN	B	0.05%
CTS	C	0.05%
OMI	F	0.05%
LBRT	D	0.04%
AMN	F	0.04%
PHR	F	0.04%
FORM	D	0.04%
TDC	D	0.04%
ETD	C	0.04%
HE	C	0.04%
SEMR	B	0.04%
COLL	F	0.04%
EOLS	D	0.04%
JBI	F	0.03%
VITL	D	0.03%
EMBC	C	0.03%
RYI	C	0.03%
SWI	B	0.03%
ACLS	F	0.02%
PGNY	F	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	B	0.0%

AFSM Underweight 28 Positions Relative to PTF

Symbol	Grade	Weight
APP	B	-13.38%
AAPL	C	-6.07%
FICO	B	-4.26%
PLTR	B	-3.57%
ANET	C	-3.23%
NTNX	A	-2.87%
AAOI	B	-2.85%
KLAC	D	-2.83%
COHR	B	-2.52%
GWRE	A	-2.36%
GDDY	A	-2.33%
TDS	B	-2.29%
MSFT	F	-2.23%
MSI	B	-2.17%
ORCL	B	-2.13%
IOT	A	-2.08%
VERX	B	-2.04%
TTD	B	-2.0%
MTSI	B	-2.0%
AUR	C	-1.91%
NTAP	C	-1.89%
MANH	D	-1.82%
COMM	D	-1.8%
SITM	B	-1.77%
SMTC	B	-1.7%
STX	D	-1.7%
PAR	B	-1.35%
MPWR	F	-1.24%