KBWP vs. ABEQ ETF Comparison

Comparison of PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP) to Absolute Core Strategy ETF (ABEQ)

KBWP

PowerShares KBW Property & Casualty Insurance Portfolio ETF

KBWP Description

The PowerShares KBW Property & Casualty Insurance Portfolio (Fund) is based on the KBW Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$123.13

Average Daily Volume

70,618

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ABEQ

Absolute Core Strategy ETF

ABEQ Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.81

Average Daily Volume

5,926

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWP	ABEQ
30 Days	2.11%	-1.23%
60 Days	5.29%	0.16%
90 Days	9.40%	2.19%
12 Months	36.46%	19.37%

1 Overlapping Holdings

	Symbol	Grade	Weight in KBWP	Weight in ABEQ	Overlap
	TRV	B	8.62%	3.91%	3.91%

KBWP Overweight 23 Positions Relative to ABEQ

Symbol	Grade	Weight
ALL	A	7.94%
PGR	B	7.83%
CB	D	7.74%
AIG	D	7.54%
RLI	A	4.35%
THG	A	4.23%
AIZ	A	4.21%
CINF	A	4.18%
SIGI	C	4.17%
AXS	A	4.08%
AFG	A	4.07%
KMPR	A	3.94%
RNR	C	3.86%
HIG	A	3.84%
WRB	A	3.83%
EG	C	3.58%
MCY	B	3.52%
ACGL	D	3.39%
SPNT	A	2.17%
HMN	B	1.44%
PRA	B	0.74%
UVE	A	0.55%
JRVR	F	0.15%

KBWP Underweight 18 Positions Relative to ABEQ

Symbol	Grade	Weight
BRK.A	B	-11.57%
L	A	-6.67%
UL	D	-6.26%
MDT	D	-4.54%
DD	D	-4.13%
CMCSA	B	-3.85%
EOG	A	-3.58%
CSCO	B	-3.39%
CTVA	C	-2.86%
IFF	D	-2.31%
HSY	F	-1.95%
DEO	F	-1.74%
MRK	F	-1.65%
CME	A	-1.25%
HON	B	-1.11%
EQC	A	-1.02%
VZ	C	-0.98%
GEHC	C	-0.97%