KBWB vs. DUSA ETF Comparison

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

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

$70.61

Average Daily Volume

995,867

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$44.34

Average Daily Volume

23,954

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWB	DUSA
30 Days	13.27%	6.87%
60 Days	20.78%	7.18%
90 Days	21.74%	8.44%
12 Months	71.96%	31.56%

5 Overlapping Holdings

Symbol	Grade	Weight in KBWB	Weight in DUSA	Overlap
BK	A	3.97%	2.62%	2.62%
COF	B	4.29%	11.02%	4.29%
JPM	A	7.51%	1.05%	1.05%
USB	A	3.69%	4.46%	3.69%
WFC	A	8.73%	4.93%	4.93%

KBWB Overweight 19 Positions Relative to DUSA

Symbol	Grade	Weight
MS	A	8.9%
GS	A	7.94%
BAC	A	7.9%
MTB	A	4.3%
PNC	B	3.85%
C	A	3.8%
STT	A	3.8%
FITB	A	3.78%
HBAN	A	3.78%
TFC	A	3.63%
RF	A	3.52%
NTRS	A	3.21%
CFG	B	3.05%
KEY	B	2.65%
EWBC	A	2.1%
FHN	A	1.59%
WAL	B	1.44%
CMA	A	1.32%
ZION	B	1.28%

KBWB Underweight 20 Positions Relative to DUSA

Symbol	Grade	Weight
META	D	-10.16%
BRK.A	B	-8.67%
AMZN	C	-6.51%
VTRS	A	-4.76%
MGM	D	-4.75%
MKL	A	-4.73%
GOOG	C	-4.45%
HUM	C	-3.58%
CI	F	-3.42%
OC	A	-3.28%
AMAT	F	-3.15%
DGX	A	-2.97%
CVS	D	-2.83%
COP	C	-1.89%
SOLV	C	-1.51%
INTC	D	-1.44%
AXP	A	-1.16%
TXN	C	-1.03%
TSN	B	-0.99%
AGCO	D	-0.93%