HAPS vs. DWAS ETF Comparison

Comparison of Harbor Corporate Culture Small Cap ETF (HAPS) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

HAPS

Harbor Corporate Culture Small Cap ETF

HAPS Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 200 small cap U.S. companies identified by Irrational Capital LLC those it believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$31.66

Average Daily Volume

141

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$102.69

Average Daily Volume

31,945

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

Performance

Period	HAPS	DWAS
30 Days	7.80%	11.37%
60 Days	7.16%	10.79%
90 Days	12.88%	11.29%
12 Months	27.41%	38.56%

17 Overlapping Holdings

Symbol	Grade	Weight in HAPS	Weight in DWAS	Overlap
ALKT	B	0.16%	0.41%	0.16%
AUR	C	0.62%	0.43%	0.43%
CASH	A	0.43%	0.42%	0.42%
CBT	C	2.02%	0.35%	0.35%
GVA	A	1.25%	0.51%	0.51%
HURN	B	0.69%	0.39%	0.39%
KBH	D	1.26%	0.31%	0.31%
KYMR	D	1.32%	0.33%	0.33%
LMB	A	0.17%	1.64%	0.17%
MBIN	D	0.15%	0.31%	0.15%
MOG.A	B	1.91%	0.39%	0.39%
NUVL	D	1.39%	1.02%	1.02%
PI	D	0.55%	0.33%	0.33%
PIPR	B	1.17%	0.49%	0.49%
RYTM	C	1.76%	0.4%	0.4%
VERX	B	0.35%	0.49%	0.35%
ZETA	D	0.31%	0.41%	0.31%

HAPS Overweight 162 Positions Relative to DWAS

Symbol	Grade	Weight
AWI	A	2.18%
PECO	A	1.99%
ACLX	C	1.89%
EAT	A	1.72%
APLE	B	1.71%
PTCT	B	1.63%
LOPE	B	1.58%
AGIO	C	1.55%
AVT	C	1.53%
REZI	A	1.42%
HLNE	B	1.37%
HRI	B	1.32%
TNL	A	1.3%
NSA	D	1.26%
TEX	D	1.24%
OGS	A	1.24%
KOS	F	1.2%
MC	C	1.14%
TPG	A	1.13%
SR	A	1.11%
RDN	C	1.1%
YETI	C	1.02%
LBRT	D	1.0%
POWL	C	0.98%
CPA	D	0.96%
SGRY	F	0.95%
IVT	B	0.94%
NSP	D	0.9%
BROS	B	0.9%
NTLA	F	0.86%
AIN	C	0.8%
CAKE	C	0.79%
PSMT	C	0.78%
LAUR	A	0.77%
BHF	B	0.75%
FHB	A	0.74%
ALTR	B	0.74%
SXT	B	0.73%
DK	C	0.72%
UPWK	B	0.71%
WD	D	0.71%
STEP	B	0.69%
ACIW	B	0.68%
GSAT	C	0.66%
TRIP	F	0.64%
WAFD	B	0.62%
BOX	B	0.62%
APPF	B	0.6%
TARS	B	0.6%
WK	B	0.57%
CCS	D	0.57%
BFH	B	0.57%
KURA	F	0.56%
FRME	B	0.56%
ALGT	B	0.55%
JBGS	D	0.55%
CMPR	D	0.54%
BANR	B	0.54%
COLL	F	0.51%
LGIH	D	0.51%
MD	B	0.5%
UPST	B	0.5%
PLMR	B	0.5%
TOWN	B	0.49%
BKE	B	0.49%
IRWD	F	0.49%
TROX	D	0.49%
FLYW	C	0.48%
EFSC	B	0.47%
TRMK	B	0.47%
FORM	D	0.45%
FROG	C	0.45%
WSBC	A	0.44%
TDC	D	0.44%
AESI	B	0.44%
PRVA	B	0.43%
ALRM	C	0.43%
CRAI	B	0.42%
SCSC	B	0.41%
NNI	D	0.4%
IDT	B	0.4%
SCS	C	0.39%
WGO	C	0.39%
MCY	A	0.38%
PRGS	A	0.38%
SONO	C	0.38%
LOB	B	0.37%
CSTL	D	0.35%
VBTX	B	0.35%
AMN	F	0.35%
KFRC	D	0.35%
RPD	C	0.34%
CENTA	C	0.33%
UAA	C	0.33%
HTH	B	0.32%
PAR	B	0.31%
RYI	C	0.3%
RGNX	F	0.29%
DOLE	D	0.29%
VIAV	B	0.29%
ENV	B	0.28%
OXM	D	0.28%
OPEN	D	0.27%
EXPI	C	0.27%
KOP	C	0.27%
BRZE	C	0.27%
DOCN	D	0.26%
EXTR	B	0.26%
OCFC	B	0.26%
USNA	C	0.25%
BZH	B	0.25%
CARG	C	0.25%
CALX	D	0.24%
INTA	A	0.23%
SPT	C	0.23%
CGEM	F	0.23%
OBK	B	0.22%
CSGS	B	0.21%
VERV	F	0.21%
SPTN	D	0.21%
INFN	C	0.2%
PSCF	A	0.2%
SDGR	C	0.19%
FWRG	C	0.19%
SAGE	F	0.18%
PRA	C	0.17%
CARS	B	0.17%
BY	B	0.17%
ARLO	C	0.17%
ASAN	C	0.17%
AMCX	C	0.16%
ATEN	B	0.15%
CERT	F	0.15%
AGS	A	0.14%
FC	F	0.14%
COUR	F	0.13%
VSAT	F	0.12%
UDMY	F	0.12%
GDYN	B	0.12%
YEXT	A	0.12%
HSTM	B	0.11%
ALTG	C	0.1%
BASE	C	0.1%
NABL	F	0.1%
RGP	F	0.1%
HVT	D	0.1%
ZIP	F	0.09%
MITK	C	0.09%
CHGG	D	0.09%
BIGC	C	0.08%
NEWT	B	0.08%
ENFN	A	0.08%
HCAT	D	0.07%
IRBT	F	0.06%
EB	C	0.06%
SAVE	D	0.05%
SEMR	B	0.04%
HMST	D	0.04%
GPRO	F	0.04%
DOMO	C	0.04%
VRA	F	0.03%
RMAX	C	0.03%

HAPS Underweight 165 Positions Relative to DWAS

Symbol	Grade	Weight
STRL	B	-1.57%
MOD	A	-1.55%
ADMA	B	-1.49%
KNTK	B	-1.18%
COOP	B	-1.1%
AMSC	B	-0.95%
CRS	A	-0.92%
SFM	A	-0.89%
CSWI	A	-0.88%
UFPT	B	-0.88%
DFIN	D	-0.85%
HRTG	C	-0.82%
BELFB	C	-0.8%
RNA	D	-0.79%
CVNA	B	-0.78%
GRBK	D	-0.78%
BYRN	B	-0.74%
USLM	A	-0.74%
OSCR	D	-0.7%
CECO	A	-0.7%
NBN	B	-0.7%
USAP	B	-0.68%
GPI	A	-0.66%
VCTR	B	-0.64%
RXST	F	-0.61%
RDW	B	-0.61%
ATI	D	-0.61%
SKYW	B	-0.61%
MLI	C	-0.6%
AMRX	C	-0.6%
ENVA	B	-0.59%
PAY	B	-0.57%
AROC	B	-0.55%
HWKN	B	-0.54%
BMI	B	-0.54%
AGX	B	-0.53%
COMM	D	-0.52%
TPC	C	-0.51%
CCB	A	-0.5%
TDS	B	-0.49%
PCT	C	-0.49%
KRYS	B	-0.49%
TRAK	B	-0.48%
IDCC	A	-0.48%
SKT	B	-0.48%
PRIM	A	-0.48%
ALSN	B	-0.47%
VSEC	C	-0.47%
CNX	A	-0.47%
JXN	C	-0.46%
CRVL	A	-0.46%
RUSHA	C	-0.46%
RDNT	B	-0.46%
CORT	B	-0.46%
QTWO	A	-0.45%
KTB	B	-0.45%
NECB	B	-0.45%
LPX	B	-0.44%
UTI	A	-0.44%
FSS	B	-0.44%
ROAD	A	-0.44%
HROW	D	-0.43%
BSIG	A	-0.43%
TGTX	B	-0.43%
PRDO	B	-0.43%
SKY	A	-0.43%
APLT	B	-0.43%
LMAT	A	-0.42%
SLVM	B	-0.42%
SNEX	B	-0.42%
TVTX	B	-0.42%
OFG	B	-0.42%
AGYS	A	-0.42%
APOG	B	-0.42%
MATX	C	-0.42%
AVAV	D	-0.41%
ESQ	A	-0.41%
SXI	B	-0.41%
RYAN	B	-0.41%
NRIX	D	-0.41%
NRIM	A	-0.41%
NGVC	A	-0.41%
WT	B	-0.41%
INBK	B	-0.41%
MLR	B	-0.4%
FRPT	B	-0.4%
AGM	C	-0.4%
PRCT	B	-0.4%
BBSI	B	-0.4%
RYAM	C	-0.4%
GKOS	B	-0.4%
R	B	-0.4%
MMSI	B	-0.4%
SPNT	A	-0.39%
ACVA	B	-0.39%
RSI	B	-0.39%
AMAL	B	-0.39%
BDC	B	-0.39%
WEAV	B	-0.39%
CVLT	B	-0.39%
BGC	C	-0.39%
NPO	A	-0.38%
CVCO	A	-0.38%
OCUL	D	-0.38%
REVG	B	-0.38%
SLG	B	-0.38%
GOLF	B	-0.38%
INSM	C	-0.37%
DY	D	-0.37%
WLDN	D	-0.37%
PBI	B	-0.37%
TBBK	B	-0.37%
AXSM	B	-0.37%
VNO	B	-0.37%
AVAH	B	-0.37%
MHO	D	-0.37%
IMNM	F	-0.37%
DSGR	D	-0.36%
FBP	B	-0.36%
SMTC	B	-0.36%
NMRK	B	-0.36%
CRNX	C	-0.36%
KEX	C	-0.36%
SAVA	D	-0.35%
MTG	C	-0.35%
CDMO	B	-0.35%
BVS	D	-0.35%
ALHC	C	-0.35%
TREE	F	-0.34%
AQST	D	-0.34%
GIII	D	-0.34%
PLCE	C	-0.34%
CXT	B	-0.34%
SERA	F	-0.34%
CDE	D	-0.34%
AXGN	D	-0.33%
TPH	D	-0.33%
SWIM	C	-0.33%
TWST	D	-0.33%
PNTG	D	-0.33%
PTGX	C	-0.32%
GCI	D	-0.32%
VRNS	D	-0.32%
PATK	D	-0.32%
ICFI	F	-0.31%
COGT	D	-0.3%
ALDX	D	-0.29%
MG	D	-0.29%
THRD	D	-0.29%
BOOT	D	-0.29%
MEC	D	-0.29%
LSEA	D	-0.28%
ATRO	D	-0.28%
DFH	D	-0.28%
PLUS	F	-0.28%
BKD	D	-0.27%
HBB	F	-0.25%
UWMC	D	-0.25%
RKT	F	-0.25%
MAX	F	-0.24%
TNDM	F	-0.23%
RDFN	D	-0.22%
IGMS	F	-0.19%
PHAT	F	-0.17%
NOVA	F	-0.12%