FMCX vs. PSCU ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to PowerShares S&P SmallCap Utilities Portfolio (PSCU)

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.80

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description

The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Utilities & Telecom Services 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 measure the overall performance of common stocks of US utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$64.50

Average Daily Volume

3,586

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	PSCU
30 Days	0.15%	7.93%
60 Days	2.99%	7.22%
90 Days	6.20%	9.77%
12 Months	25.02%	29.51%

1 Overlapping Holdings

	Symbol	Grade	Weight in FMCX	Weight in PSCU	Overlap
	IAC	F	5.35%	4.04%	4.04%

FMCX Overweight 51 Positions Relative to PSCU

Symbol	Grade	Weight
AAPL	C	6.93%
UNH	B	6.84%
KKR	A	6.14%
AMZN	C	5.01%
GDDY	A	4.98%
MSFT	D	4.79%
LBRDK	C	4.24%
LSXMK	D	4.22%
GGG	B	3.98%
PYPL	B	3.9%
MTCH	D	3.18%
LSXMA	D	1.79%
GOOGL	C	1.77%
LBRDA	C	1.74%
PG	C	1.3%
PM	B	1.21%
YUM	D	1.18%
CMCSA	B	1.13%
MCD	D	1.12%
AMGN	F	1.11%
KEYS	A	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
GILD	C	0.87%
CL	D	0.85%
MO	A	0.84%
ENTG	D	0.82%
ARWR	D	0.72%
NKE	F	0.68%
HON	C	0.6%
DHR	F	0.55%
GOOG	C	0.5%
BAX	F	0.47%
YUMC	C	0.42%
MUSA	B	0.4%
SPGI	C	0.37%
MTX	B	0.33%
KEX	B	0.33%
EQR	C	0.3%
JPM	A	0.3%
MUR	D	0.25%
V	A	0.21%
FWONK	A	0.21%
BKNG	A	0.19%
FLWS	D	0.15%
GD	D	0.13%
BATRK	D	0.11%
PNR	A	0.1%
FWONA	A	0.05%
VMEO	B	0.03%
BATRA	F	0.02%

FMCX Underweight 34 Positions Relative to PSCU

Symbol	Grade	Weight
LUMN	C	-11.14%
MGEE	B	-4.59%
MSGS	A	-4.46%
MDU	D	-4.36%
CNK	C	-4.15%
OTTR	C	-3.97%
CCOI	B	-3.96%
CARG	B	-3.89%
AWR	B	-3.82%
TDS	B	-3.66%
TGNA	B	-3.63%
CWT	C	-3.55%
AVA	B	-3.52%
CPK	A	-3.36%
SATS	D	-3.26%
ZD	B	-3.05%
YELP	C	-3.03%
CWEN	C	-2.62%
CABO	B	-2.2%
SJW	F	-1.95%
NWN	A	-1.91%
TRIP	F	-1.85%
QNST	B	-1.44%
MSEX	C	-1.42%
CARS	C	-1.4%
UTL	B	-1.14%
CWEN	C	-1.03%
TTGT	B	-0.96%
SSTK	F	-0.92%
SCHL	F	-0.79%
SHEN	F	-0.7%
THRY	F	-0.59%
GOGO	C	-0.57%
CNSL	C	-0.42%