CEFS vs. PFI ETF Comparison

Comparison of Exchange Listed Funds Trust ETF (CEFS) to PowerShares Dynamic Financial (PFI)

CEFS

Exchange Listed Funds Trust ETF

CEFS Description

The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.

Grade (RS Rating)

Last Trade

$20.05

Average Daily Volume

47,361

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFI

PowerShares Dynamic Financial

PFI Description

The PowerShares Dynamic Financial Sector Portfolio (Fund) is based on the Dynamic Financial 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 common stocks of 60 US financial services companies. These are companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$47.86

Average Daily Volume

5,314

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CEFS	PFI
30 Days	-1.07%	-1.44%
60 Days	2.42%	0.23%
90 Days	6.25%	5.97%
12 Months	24.51%	24.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in CEFS	Weight in PFI	Overlap

CEFS Overweight 99 Positions Relative to PFI

Symbol	Grade	Weight
BIGZ	D	19.72%
EMO	A	18.43%
ADX	A	12.1%
ASA	A	11.75%
CTR	A	9.53%
BCAT	B	8.95%
BFZ	B	7.95%
ENX	C	5.96%
ASGI	A	5.81%
PDX	B	5.51%
NQP	A	4.59%
NXJ	B	4.41%
JRI	B	3.68%
EVM	A	3.55%
BSTZ	C	3.54%
BMEZ	C	3.28%
EDD	C	3.13%
HQL	B	2.84%
HQH	B	2.73%
VTN	B	2.61%
MHI	B	2.49%
TEAF	B	2.44%
VPV	A	1.83%
KSM	A	1.7%
ECF	D	1.69%
NFJ	C	1.68%
FMN	A	1.62%
NTG	B	1.52%
PGZ	B	1.45%
IDE	C	1.25%
NBH	C	1.13%
IHD	A	1.07%
CEV	C	1.03%
DMF	A	0.97%
GAM	A	0.84%
MAV	B	0.84%
AFB	C	0.81%
VGM	C	0.76%
LGI	B	0.7%
LEO	A	0.69%
NZF	C	0.65%
HYB	A	0.65%
IGA	B	0.64%
VKQ	A	0.61%
AOD	B	0.51%
NDP	B	0.5%
VCV	C	0.46%
NPFD	B	0.43%
CPZ	A	0.37%
VMO	C	0.34%
TWN	C	0.32%
MFD	C	0.3%
CXE	A	0.28%
GNT	A	0.26%
CMU	A	0.26%
RA	C	0.25%
CXH	B	0.23%
FGB	A	0.19%
TTP	A	0.19%
MPA	B	0.18%
PCK	B	0.16%
SBI	C	0.13%
VKI	B	0.12%
BOE	B	0.12%
NML	A	0.12%
DMB	D	0.12%
FEI	A	0.09%
TYG	B	0.09%
ERH	A	0.07%
EOD	B	0.06%
DHF	A	0.05%
AGD	B	0.05%
GRX	C	0.04%
DSM	B	0.04%
NAC	A	0.02%
KTF	A	0.02%
MYN	C	0.02%
DIAX	C	0.02%
MXE	C	0.02%
NAD	C	0.01%
HEQ	B	0.01%
PEO	B	0.01%
MHN	C	0.01%
MUC	C	0.01%
NOM	A	0.0%
GLQ	A	0.0%
PNI	C	0.0%
FPL	A	0.0%
PFO	A	0.0%
NVG	B	0.0%
NMT	C	0.0%
MIY	C	0.0%
MVT	C	0.0%
BNY	A	0.0%
BHV	D	0.0%
NAZ	C	0.0%
MUJ	C	0.0%
NAN	C	0.0%
FLC	A	0.0%

CEFS Underweight 43 Positions Relative to PFI

Symbol	Grade	Weight
MA	D	-5.63%
KNSL	F	-5.04%
ARES	C	-4.74%
JPM	B	-4.15%
APO	D	-4.04%
V	D	-3.46%
KKR	D	-3.07%
COOP	A	-3.04%
COIN	D	-2.95%
AJG	C	-2.9%
FCNCA	B	-2.69%
AXP	B	-2.64%
MMC	D	-2.47%
BRO	C	-2.44%
PGR	B	-2.1%
AIG	A	-1.87%
HOOD	C	-1.86%
SPG	D	-1.84%
PRI	D	-1.74%
RHP	D	-1.73%
JXN	A	-1.71%
CB	C	-1.68%
HLI	A	-1.67%
PIPR	A	-1.58%
DFIN	A	-1.5%
VCTR	A	-1.5%
OMF	A	-1.48%
EVR	B	-1.46%
SFBS	C	-1.45%
BGC	B	-1.4%
AGO	D	-1.39%
AGM	A	-1.36%
SLG	B	-1.34%
ORI	A	-1.33%
RGA	A	-1.31%
ERIE	C	-1.31%
MTG	C	-1.31%
SKT	D	-1.28%
OFG	A	-1.22%
HCI	B	-1.22%
ENVA	B	-1.19%
RYAN	D	-1.15%
TREE	A	-1.13%

CEFS: Top Represented Industries & Keywords

Industries: Asset Management Other