KBWP vs. FNCL ETF Comparison

Comparison of PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP) to Fidelity MSCI Financials Index ETF (FNCL)

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

$106.58

Average Daily Volume

21,992

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.76

Average Daily Volume

104,676

Number of Holdings ^*

389

* may have additional holdings in another (foreign) market

Performance

Period	KBWP	FNCL
30 Days	2.70%	0.46%
60 Days	4.37%	2.78%
90 Days	8.27%	7.25%
12 Months	28.66%	35.70%

24 Overlapping Holdings

Symbol	Grade	Weight in KBWP	Weight in FNCL	Overlap
ACGL	A	4.26%	0.52%	0.52%
AFG	C	3.93%	0.14%	0.14%
AIG	A	8.41%	0.8%	0.8%
AIZ	D	3.78%	0.14%	0.14%
ALL	B	8.33%	0.68%	0.68%
AXS	A	4.09%	0.08%	0.08%
CB	C	7.81%	1.52%	1.52%
CINF	D	4.0%	0.26%	0.26%
EG	C	3.96%	0.24%	0.24%
HIG	C	3.99%	0.44%	0.44%
HMN	A	1.58%	0.02%	0.02%
JRVR	D	0.34%	0.01%	0.01%
KMPR	B	3.83%	0.06%	0.06%
MCY	A	3.13%	0.02%	0.02%
PGR	A	8.66%	1.85%	1.85%
PRA	C	0.72%	0.01%	0.01%
RLI	A	3.84%	0.09%	0.09%
RNR	C	3.81%	0.17%	0.17%
SIGI	F	3.6%	0.09%	0.09%
SPNT	C	2.06%	0.02%	0.02%
THG	A	3.9%	0.07%	0.07%
TRV	D	7.62%	0.75%	0.75%
UVE	B	0.58%	0.01%	0.01%
WRB	D	3.71%	0.24%	0.24%

KBWP Overweight 0 Positions Relative to FNCL

	Symbol	Grade	Weight

KBWP Underweight 365 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	B	-8.5%
BRK.A	D	-8.01%
V	C	-6.6%
MA	D	-5.88%
BAC	B	-4.1%
WFC	A	-3.31%
GS	A	-2.12%
AXP	A	-2.09%
SPGI	C	-2.05%
C	A	-1.81%
MS	A	-1.73%
BLK	D	-1.72%
SCHW	A	-1.71%
MMC	C	-1.48%
BX	D	-1.32%
CME	C	-1.15%
ICE	C	-1.14%
PYPL	C	-1.02%
USB	D	-0.97%
PNC	B	-0.95%
MCO	C	-0.94%
AON	F	-0.87%
COF	B	-0.85%
KKR	C	-0.84%
AJG	C	-0.77%
TFC	B	-0.77%
AFL	A	-0.71%
APO	C	-0.68%
MET	C	-0.68%
BK	A	-0.66%
SQ	D	-0.63%
FIS	C	-0.63%
AMP	C	-0.63%
COIN	D	-0.62%
PRU	A	-0.61%
MSCI	D	-0.57%
DFS	C	-0.49%
GPN	F	-0.49%
TROW	D	-0.39%
WTW	D	-0.39%
FITB	A	-0.38%
MTB	A	-0.37%
RJF	C	-0.37%
ARES	A	-0.34%
STT	C	-0.34%
NDAQ	D	-0.31%
BRO	C	-0.3%
LPLA	B	-0.3%
HBAN	A	-0.3%
CBOE	C	-0.29%
PFG	C	-0.29%
MKL	A	-0.29%
RF	B	-0.28%
SYF	B	-0.28%
FCNCA	B	-0.27%
NTRS	C	-0.26%
CFG	A	-0.25%
FDS	D	-0.24%
L	A	-0.23%
KEY	C	-0.21%
FNF	B	-0.2%
EQH	A	-0.19%
RGA	A	-0.19%
IBKR	B	-0.18%
JKHY	D	-0.18%
TW	A	-0.17%
ALLY	B	-0.16%
EWBC	A	-0.16%
ERIE	C	-0.15%
CG	D	-0.15%
WEX	D	-0.14%
FHN	A	-0.13%
ORI	A	-0.13%
UNM	B	-0.13%
JEF	B	-0.12%
OWL	B	-0.12%
WBS	D	-0.12%
PRI	D	-0.12%
TOST	A	-0.12%
SF	A	-0.12%
KNSL	D	-0.12%
CMA	B	-0.11%
SOFI	F	-0.11%
GL	F	-0.11%
VOYA	B	-0.11%
AFRM	D	-0.11%
HOOD	C	-0.11%
MORN	D	-0.11%
SEIC	C	-0.11%
BEN	F	-0.11%
MKTX	F	-0.11%
WTFC	B	-0.1%
CFR	D	-0.1%
HLI	A	-0.1%
BPOP	A	-0.1%
EVR	C	-0.1%
CBSH	A	-0.1%
MTG	B	-0.09%
ESNT	C	-0.09%
SSB	D	-0.09%
PB	B	-0.09%
OMF	B	-0.09%
PNFP	C	-0.09%
WAL	B	-0.09%
STWD	C	-0.09%
AGNC	C	-0.09%
ZION	B	-0.09%
IVZ	D	-0.08%
FNB	A	-0.08%
CADE	B	-0.08%
OZK	B	-0.08%
ONB	A	-0.08%
COOP	A	-0.08%
AMG	D	-0.08%
SNV	C	-0.08%
FAF	D	-0.08%
JHG	A	-0.07%
SLM	B	-0.07%
UBSI	D	-0.07%
AGO	D	-0.07%
WTM	A	-0.07%
RDN	C	-0.07%
EEFT	C	-0.07%
LNC	C	-0.07%
HOMB	B	-0.07%
RYAN	D	-0.07%
JXN	A	-0.07%
CACC	D	-0.06%
PFSI	B	-0.06%
UMBF	C	-0.06%
HLNE	B	-0.06%
HWC	B	-0.06%
COLB	C	-0.06%
AEL	A	-0.06%
FFIN	C	-0.06%
GBCI	C	-0.06%
BGC	A	-0.05%
UCBI	B	-0.05%
CNO	B	-0.05%
ABCB	B	-0.05%
FOUR	F	-0.05%
WD	B	-0.05%
SFBS	C	-0.05%
VLY	F	-0.05%
MC	C	-0.05%
IBOC	A	-0.05%
WU	C	-0.05%
ASB	A	-0.05%
PIPR	A	-0.05%
TPG	D	-0.05%
ESGR	B	-0.05%
BHF	D	-0.05%
BOH	D	-0.04%
OSCR	A	-0.04%
AUB	C	-0.04%
NMIH	A	-0.04%
CATY	D	-0.04%
EVTC	F	-0.04%
FULT	A	-0.04%
FIBK	B	-0.04%
WSFS	B	-0.04%
BOKF	A	-0.04%
FHI	D	-0.04%
GNW	B	-0.04%
TCBI	B	-0.04%
FHB	B	-0.04%
APAM	C	-0.04%
FBP	A	-0.04%
HASI	A	-0.04%
AX	A	-0.04%
BXMT	D	-0.04%
WSBC	C	-0.03%
RNST	C	-0.03%
VRTS	C	-0.03%
STC	B	-0.03%
UPST	F	-0.03%
DFIN	B	-0.03%
TRMK	A	-0.03%
BANF	B	-0.03%
CNS	D	-0.03%
ENVA	C	-0.03%
SBCF	C	-0.03%
STEP	B	-0.03%
AGM	C	-0.03%
PLMR	A	-0.03%
WAFD	B	-0.03%
VIRT	B	-0.03%
TOWN	B	-0.03%
BANC	C	-0.03%
VCTR	A	-0.03%
BKU	B	-0.03%
SNEX	A	-0.03%
PPBI	C	-0.03%
EBC	B	-0.03%
NYCB	D	-0.03%
FRME	B	-0.03%
PJT	B	-0.03%
PRK	A	-0.03%
MQ	D	-0.03%
FFBC	B	-0.03%
SFNC	D	-0.03%
ABR	B	-0.03%
INDB	C	-0.03%
FLYW	F	-0.03%
CVBF	C	-0.03%
CBU	B	-0.03%
NIC	D	-0.02%
TCBK	B	-0.02%
QCRH	C	-0.02%
SKWD	C	-0.02%
VBTX	B	-0.02%
LOB	D	-0.02%
PEBO	B	-0.02%
EIG	D	-0.02%
PFS	B	-0.02%
ACT	A	-0.02%
SYBT	B	-0.02%
NWLI	A	-0.02%
STBA	B	-0.02%
SAFT	B	-0.02%
FRHC	F	-0.02%
WABC	B	-0.02%
GSHD	F	-0.02%
CNNE	D	-0.02%
FBNC	D	-0.02%
PMT	B	-0.02%
BUSE	B	-0.02%
HOPE	D	-0.02%
LADR	B	-0.02%
CASH	B	-0.02%
FBK	B	-0.02%
NWBI	C	-0.02%
HTLF	A	-0.02%
FCF	B	-0.02%
CUBI	D	-0.02%
IBTX	C	-0.02%
NAVI	F	-0.02%
RKT	B	-0.02%
HTH	B	-0.02%
EFSC	B	-0.02%
LKFN	D	-0.02%
CHCO	B	-0.02%
RC	D	-0.02%
NATL	B	-0.02%
CODI	D	-0.02%
ARI	F	-0.02%
NNI	B	-0.02%
BANR	B	-0.02%
NBTB	B	-0.02%
PRG	B	-0.02%
TBBK	D	-0.02%
BRP	B	-0.02%
OFG	A	-0.02%
SPFI	B	-0.01%
FSBC	D	-0.01%
KRNY	F	-0.01%
MOFG	D	-0.01%
HAFC	B	-0.01%
PAY	D	-0.01%
HONE	B	-0.01%
SMBC	D	-0.01%
NFBK	D	-0.01%
CTLP	F	-0.01%
ACRE	F	-0.01%
TIPT	D	-0.01%
LPRO	F	-0.01%
MCB	B	-0.01%
CLBK	F	-0.01%
AMAL	B	-0.01%
CCBG	D	-0.01%
BHB	B	-0.01%
DHIL	C	-0.01%
GDOT	C	-0.01%
NRDS	D	-0.01%
TRTX	A	-0.01%
CCB	B	-0.01%
TRST	B	-0.01%
WASH	B	-0.01%
THFF	B	-0.01%
WRLD	B	-0.01%
UFCS	B	-0.01%
CAC	B	-0.01%
TMP	D	-0.01%
CPF	B	-0.01%
EQBK	A	-0.01%
BFST	C	-0.01%
RBCAA	B	-0.01%
MCBS	B	-0.01%
CATC	B	-0.01%
GSBC	B	-0.01%
CFB	C	-0.01%
FMNB	D	-0.01%
HBNC	B	-0.01%
HTBK	D	-0.01%
FCBC	B	-0.01%
EGBN	F	-0.01%
KREF	F	-0.01%
AMTB	B	-0.01%
EZPW	D	-0.01%
RILY	C	-0.01%
CFFN	D	-0.01%
UWMC	B	-0.01%
OSBC	B	-0.01%
IIIV	B	-0.01%
FBMS	D	-0.01%
IBCP	B	-0.01%
PFBC	A	-0.01%
HFWA	B	-0.01%
BY	B	-0.01%
BFC	C	-0.01%
DX	C	-0.01%
RWT	C	-0.01%
FG	B	-0.01%
FMBH	B	-0.01%
MBWM	B	-0.01%
DCOM	C	-0.01%
MSBI	D	-0.01%
MBIN	B	-0.01%
TFSL	B	-0.01%
CNOB	C	-0.01%
AMBC	A	-0.01%
BSIG	D	-0.01%
BRKL	D	-0.01%
CASS	D	-0.01%
IMXI	D	-0.01%
CTBI	B	-0.01%
UVSP	A	-0.01%
PFC	B	-0.01%
EFC	B	-0.01%
AMRK	B	-0.01%
AMSF	D	-0.01%
LBAI	B	-0.01%
TRUP	F	-0.01%
AMK	D	-0.01%
SBSI	D	-0.01%
RPAY	B	-0.01%
BRSP	F	-0.01%
OBK	B	-0.01%
CIM	F	-0.01%
PRAA	C	-0.01%
HCI	B	-0.01%
LC	B	-0.01%
OCFC	B	-0.01%
CMTG	F	-0.01%
SRCE	B	-0.01%
ECPG	D	-0.01%
LMND	C	-0.01%
BHLB	B	-0.01%
GABC	D	-0.01%
NBHC	C	-0.01%
SASR	B	-0.01%
AROW	C	-0.0%
ATLC	F	-0.0%
HIFS	C	-0.0%
HGTY	B	-0.0%
FRGE	F	-0.0%
CRD.B	D	-0.0%
GCBC	B	-0.0%
SMBK	C	-0.0%
HBT	B	-0.0%
FFIC	D	-0.0%
MPB	B	-0.0%
DGICA	F	-0.0%
PGC	D	-0.0%
PX	F	-0.0%