FUTY vs. PUI ETF Comparison

Comparison of Fidelity MSCI Utilities Index ETF (FUTY) to PowerShares Dynamic Utilities (PUI)

FUTY

Fidelity MSCI Utilities Index ETF

FUTY Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Utilities Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Utilities Index, which represents the performance of the utilities sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Utilities Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.27

Average Daily Volume

141,265

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PUI

PowerShares Dynamic Utilities

PUI Description

The PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities 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 utilities companies. These companies are principally engaged in providing either energy, water, natural gas or telecommunications services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$34.73

Average Daily Volume

2,237

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FUTY	PUI
30 Days	5.20%	3.59%
60 Days	10.18%	8.20%
90 Days	12.77%	12.10%
12 Months	3.50%	6.66%

29 Overlapping Holdings

Symbol	Grade	Weight in FUTY	Weight in PUI	Overlap
AEE	C	1.76%	2.42%	1.76%
AEP	A	4.06%	2.45%	2.45%
ATO	A	1.6%	3.63%	1.6%
AWK	B	2.13%	3.19%	2.13%
CEG	A	5.45%	4.12%	4.12%
CMS	A	1.57%	2.96%	1.57%
CNP	A	1.65%	2.65%	1.65%
DTE	A	2.05%	3.72%	2.05%
DUK	A	6.82%	3.47%	3.47%
ED	A	2.91%	2.43%	2.43%
EIX	A	2.44%	2.37%	2.37%
ES	B	1.88%	2.51%	1.88%
EXC	C	3.37%	2.98%	2.98%
FE	A	1.88%	2.39%	1.88%
IDA	B	0.43%	2.64%	0.43%
LNT	B	1.15%	3.37%	1.15%
NFG	A	0.43%	2.19%	0.43%
NI	A	1.13%	3.52%	1.13%
NJR	B	0.38%	2.47%	0.38%
NRG	A	1.49%	3.91%	1.49%
OTTR	B	0.29%	2.35%	0.29%
PCG	A	3.13%	3.49%	3.13%
PEG	A	3.06%	2.53%	2.53%
PNW	B	0.76%	3.2%	0.76%
SO	A	7.24%	3.88%	3.88%
SRE	B	4.07%	3.46%	3.46%
VST	A	2.24%	4.17%	2.24%
WEC	B	2.33%	3.26%	2.33%
XEL	C	2.7%	3.1%	2.7%

FUTY Overweight 38 Positions Relative to PUI

Symbol	Grade	Weight
NEE	B	12.27%
D	A	3.83%
ETR	A	2.04%
PPL	A	1.81%
EVRG	B	1.08%
AES	B	1.04%
WTRG	B	0.85%
OGE	A	0.61%
UGI	C	0.48%
SWX	A	0.39%
POR	B	0.39%
BKH	B	0.33%
OGS	B	0.32%
ALE	A	0.31%
ORA	C	0.31%
SR	B	0.3%
PNM	C	0.27%
NWE	B	0.27%
AVA	B	0.26%
CWT	B	0.25%
MGEE	A	0.25%
NEP	C	0.24%
AWR	C	0.23%
CPK	B	0.21%
CWEN	B	0.18%
SJW	D	0.15%
NWN	B	0.13%
HE	F	0.1%
MSEX	D	0.08%
UTL	B	0.07%
CWEN	B	0.06%
YORW	C	0.05%
NOVA	F	0.04%
GNE	F	0.03%
ARTNA	D	0.03%
SGU	B	0.03%
MNTK	F	0.02%
AMPS	F	0.02%

FUTY Underweight 4 Positions Relative to PUI

Symbol	Grade	Weight
OKE	C	-4.05%
FYBR	C	-2.44%
VZ	D	-2.25%
T	C	-2.23%