DUSA vs. KBWB ETF Comparison

Comparison of Davis Select U.S. Equity ETF (DUSA) to PowerShares KBW Bank Portfolio ETF (KBWB)

DUSA

Davis Select U.S. Equity ETF

DUSA Description

The investment seeks long-term capital growth and capital preservation. Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. The fund's portfolio, generally, contains between 15 and 35 companies. It may invest a portion of its assets in financial services companies. The fund may also invest in mid- and small-capitalization companies, which the manager considers to be those companies with less than $10 billion in market capitalization. It may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.34

Average Daily Volume

16,542

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$61.99

Average Daily Volume

806,432

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DUSA	KBWB
30 Days	2.07%	8.47%
60 Days	1.16%	5.33%
90 Days	7.36%	15.13%
12 Months	31.71%	62.12%

5 Overlapping Holdings

Symbol	Grade	Weight in DUSA	Weight in KBWB	Overlap
BK	B	2.6%	4.27%	2.6%
COF	A	10.09%	4.0%	4.0%
JPM	A	1.73%	7.58%	1.73%
USB	B	4.37%	3.92%	3.92%
WFC	B	4.46%	8.43%	4.46%

DUSA Overweight 20 Positions Relative to KBWB

Symbol	Grade	Weight
META	B	10.92%
BRK.A	D	8.66%
AMZN	A	6.3%
MGM	D	5.36%
MKL	D	4.47%
GOOG	A	4.37%
VTRS	B	4.35%
AMAT	F	3.58%
HUM	F	3.57%
CI	D	3.49%
OC	B	3.18%
DGX	B	2.95%
CVS	F	2.02%
COP	D	1.8%
SOLV	B	1.71%
INTC	C	1.6%
AXP	A	1.42%
TXN	A	1.07%
AGCO	C	1.03%
TSN	D	0.93%

DUSA Underweight 19 Positions Relative to KBWB

Symbol	Grade	Weight
MS	B	-8.71%
BAC	B	-7.93%
GS	B	-7.73%
MTB	B	-4.3%
STT	A	-4.0%
FITB	B	-3.92%
PNC	B	-3.88%
C	A	-3.84%
TFC	C	-3.73%
HBAN	B	-3.65%
RF	B	-3.5%
NTRS	B	-3.35%
CFG	A	-3.01%
KEY	B	-2.61%
EWBC	A	-2.15%
FHN	B	-1.49%
WAL	C	-1.47%
CMA	A	-1.33%
ZION	B	-1.24%