FXED vs. PCEF ETF Comparison

Comparison of Sound Enhanced Fixed Income ETF (FXED) to PowerShares CEF Income Composite Portfolio (PCEF)
FXED

Sound Enhanced Fixed Income ETF

FXED Description

Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.38

Average Daily Volume

8,546

Number of Holdings *

8

* may have additional holdings in another (foreign) market
PCEF

PowerShares CEF Income Composite Portfolio

PCEF Description The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$18.50

Average Daily Volume

142,701

Number of Holdings *

108

* may have additional holdings in another (foreign) market
Performance
Period FXED PCEF
30 Days -0.27% 0.54%
60 Days 0.60% 0.29%
90 Days 1.98% 2.60%
12 Months 13.13% 14.15%
1 Overlapping Holdings
Symbol Grade Weight in FXED Weight in PCEF Overlap
AWF A 2.87% 1.38% 1.38%
FXED Overweight 7 Positions Relative to PCEF
Symbol Grade Weight
HTGC A 3.41%
ARCC A 3.31%
GBDC B 3.17%
SHYG A 2.97%
PFLT B 2.88%
TSLX B 2.73%
EMHY A 2.56%
FXED Underweight 107 Positions Relative to PCEF
Symbol Grade Weight
EXG A -4.35%
JPC A -3.97%
BIGZ D -3.17%
BMEZ D -3.03%
BCAT C -3.01%
BSTZ D -2.65%
BDJ A -2.64%
ETY A -2.59%
NFJ C -2.29%
BXMX C -2.12%
ETV A -1.87%
JFR A -1.8%
QQQX C -1.78%
EVV A -1.7%
ETW A -1.69%
FPF A -1.58%
BCX A -1.5%
HFRO C -1.5%
BBN D -1.48%
PDO A -1.31%
EOS A -1.28%
HYT A -1.25%
BOE A -1.23%
FFC C -1.18%
BTZ C -1.17%
JQC A -1.16%
DSL A -1.14%
BST C -1.11%
HTD A -1.11%
FAX D -1.07%
BGY B -1.04%
CII C -1.04%
WIW A -1.02%
EMD C -0.94%
DIAX D -0.9%
LDP A -0.87%
ETJ A -0.86%
GHY A -0.82%
NPFD B -0.8%
EOI A -0.78%
IGD B -0.77%
BME D -0.69%
NBB D -0.67%
PDT A -0.67%
DFP C -0.65%
ISD B -0.64%
BGR B -0.64%
PHK D -0.63%
EAD A -0.61%
ETB A -0.61%
FSD A -0.6%
EDD C -0.58%
VVR A -0.58%
BHK C -0.58%
PFN A -0.56%
FRA A -0.55%
HIO D -0.54%
PCN D -0.53%
BUI A -0.52%
BLW C -0.5%
BIT D -0.49%
DSU C -0.45%
FFA B -0.45%
TEI A -0.45%
FTF A -0.45%
FCT A -0.45%
SPXX B -0.44%
STK D -0.44%
BGH A -0.44%
HIX B -0.43%
HPS A -0.42%
PPT C -0.42%
MCR C -0.41%
MMT A -0.41%
EFR A -0.4%
EOD B -0.39%
HPI A -0.39%
MIN C -0.38%
EFT A -0.37%
JGH A -0.36%
MCI B -0.34%
PHT C -0.34%
DHF A -0.33%
GBAB D -0.33%
ERC C -0.32%
HPF A -0.32%
DHY A -0.32%
IDE C -0.3%
FLC A -0.3%
PSF C -0.29%
PFL A -0.29%
BGT A -0.29%
IGA B -0.26%
BGX A -0.26%
MSD C -0.22%
HEQ C -0.22%
DBL A -0.22%
VBF C -0.21%
NHS A -0.21%
TSI D -0.2%
PCF C -0.19%
PHD A -0.18%
EHI A -0.17%
EVG A -0.17%
HYB A -0.15%
CIK D -0.14%
MCN C -0.13%
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