CRED vs. PSR ETF Comparison

Comparison of Columbia Research Enhanced Real Estate ETF (CRED) to PowerShares Active U.S. Real Estate Fund (PSR)

CRED

Columbia Research Enhanced Real Estate ETF

CRED Description

Columbia Research Enhanced Real Estate ETF (the Fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Lionstone Research Enhanced REIT Index (the Index). The Beta Advantage® Lionstone Research Enhanced REIT Index (the “Index”) aims to achieve stronger total return than the FTSE NAREIT All Equity REITs Index through a rules-based strategic beta approach. The Index methodology leverages proprietary research and insights from Lionstone Investments and Columbia Threadneedle Investments to score and weight each constituent within the FTSE NAREIT All Equity REITs Index on such factors as liquidity, income, geographic exposure, quality, value, catalyst and research rating.

Grade (RS Rating)

Last Trade

$20.03

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSR

PowerShares Active U.S. Real Estate Fund

PSR Description

The PowerShares Active U.S. Real Estate Fund (Fund) structures and selects its investments primarily from a universe of securities that are included within the FTSE NAREIT All Equity REITs Index at the time of purchase. The selection methodology uses quantitative and statistical metrics to identify attractively priced securities and manage risk. The Fund will invest principally in equity real estate investment trusts (REITs). The Fund is rebalanced and reconstituted monthly.

Grade (RS Rating)

Last Trade

$82.56

Average Daily Volume

4,487

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CRED	PSR
30 Days	-2.44%	-3.44%
60 Days	-5.37%	-6.81%
90 Days	-2.93%	-4.41%
12 Months	1.07%	0.23%

8 Overlapping Holdings

Symbol	Grade	Weight in CRED	Weight in PSR	Overlap
AMT	D	11.02%	4.67%	4.67%
AVB	A	3.01%	5.01%	3.01%
CCI	D	7.44%	7.56%	7.44%
DLR	B	5.45%	2.7%	2.7%
EQIX	F	7.08%	9.47%	7.08%
MAA	B	3.0%	2.99%	2.99%
O	B	5.83%	4.78%	4.78%
SPG	D	7.69%	4.81%	4.81%

CRED Overweight 2 Positions Relative to PSR

	Symbol	Grade	Weight
	INVH	B	3.08%
	WY	D	2.99%

CRED Underweight 17 Positions Relative to PSR

Symbol	Grade	Weight
PLD	D	-6.8%
KIM	C	-5.05%
DOC	A	-4.89%
PSA	D	-4.66%
EXR	C	-4.63%
PCH	D	-4.4%
REXR	D	-4.35%
WELL	A	-3.63%
ARE	D	-3.29%
RLJ	D	-3.02%
HST	D	-2.94%
LAMR	B	-2.88%
GLPI	F	-1.89%
EQR	A	-1.84%
KRC	D	-1.63%
SBAC	F	-1.25%
OHI	A	-1.01%