KBWP vs. AMID ETF Comparison

Comparison of PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP) to Argent Mid Cap ETF (AMID)

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

$123.28

Average Daily Volume

70,618

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$36.64

Average Daily Volume

7,800

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWP	AMID
30 Days	2.11%	1.27%
60 Days	5.29%	1.84%
90 Days	9.40%	4.78%
12 Months	36.46%	32.32%

1 Overlapping Holdings

	Symbol	Grade	Weight in KBWP	Weight in AMID	Overlap
	AFG	A	4.07%	2.28%	2.28%

KBWP Overweight 23 Positions Relative to AMID

Symbol	Grade	Weight
TRV	B	8.62%
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%
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 36 Positions Relative to AMID

Symbol	Grade	Weight
FICO	A	-3.79%
CTAS	B	-3.66%
CPRT	B	-3.56%
BLDR	F	-3.43%
FTNT	B	-3.34%
HLI	A	-3.2%
CBZ	B	-2.93%
LPLA	A	-2.87%
CDW	F	-2.86%
VCTR	B	-2.86%
DHI	D	-2.85%
IT	C	-2.83%
MEDP	F	-2.69%
MUSA	B	-2.63%
HCA	F	-2.49%
BAH	F	-2.45%
BLD	F	-2.43%
OMF	A	-2.4%
URI	B	-2.35%
GDDY	A	-2.24%
A	F	-2.12%
ADUS	D	-2.09%
CG	B	-2.05%
SCI	B	-2.05%
TPX	B	-1.99%
AME	A	-1.98%
ICFI	F	-1.93%
LNG	A	-1.69%
CHDN	B	-1.57%
ABG	B	-1.55%
ENTG	F	-1.52%
MOH	F	-1.44%
PATK	C	-1.35%
TTEK	F	-1.33%
AX	B	-1.11%
EXPO	D	-0.99%