KMID vs. PPA ETF Comparison

Comparison of Virtus KAR Mid-Cap ETF (KMID) to PowerShares Aerospace & Defense (PPA)

KMID

Virtus KAR Mid-Cap ETF

KMID Description

The fund advisor pursues long-term capital appreciation in the medium capitalization sector while seeking less market risk than the Russell Midcap® Index. The fund advisor invests in medium market capitalization companies believed by Kayne Anderson Rudnick Investment Management, LLC, the fund"s sub-adviser, to be undervalued relative to their future growth potential. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.60

Average Daily Volume

12,431

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADEâ¢ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$119.55

Average Daily Volume

185,461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KMID	PPA
30 Days	3.74%	1.92%
60 Days		5.31%
90 Days		7.32%
12 Months		38.04%

2 Overlapping Holdings

	Symbol	Grade	Weight in KMID	Weight in PPA	Overlap
	HEI	A	4.06%	1.83%	1.83%
	TDY	B	4.11%	0.91%	0.91%

KMID Overweight 23 Positions Relative to PPA

Symbol	Grade	Weight
AME	A	6.31%
EFX	F	3.98%
LII	A	3.97%
WST	C	3.92%
POOL	C	3.92%
ROST	D	3.88%
ODFL	C	3.82%
DPZ	C	3.82%
PNR	A	3.68%
VRSK	A	3.63%
WAB	B	3.57%
BRO	B	3.55%
NDSN	B	3.5%
ROL	B	3.42%
FICO	B	3.28%
BSY	F	3.25%
LPLA	A	3.1%
MSCI	C	2.94%
ALGN	D	2.92%
BR	A	2.92%
FDS	B	2.64%
WRB	A	2.47%
MPWR	F	2.35%

KMID Underweight 46 Positions Relative to PPA

Symbol	Grade	Weight
RTX	D	-7.09%
GE	D	-6.71%
LMT	D	-6.64%
BA	F	-6.23%
NOC	D	-5.36%
GD	D	-4.93%
HON	C	-4.88%
HWM	A	-4.44%
AXON	A	-4.43%
PH	A	-4.28%
LHX	C	-4.07%
TDG	D	-3.35%
ETN	A	-3.16%
PLTR	B	-2.72%
LDOS	C	-2.05%
BAH	F	-1.92%
APH	A	-1.91%
TXT	D	-1.74%
CW	C	-1.37%
BWXT	B	-1.36%
CACI	D	-1.26%
HII	F	-1.07%
WWD	C	-0.92%
KBR	F	-0.88%
AVAV	C	-0.84%
ATI	C	-0.81%
SAIC	F	-0.71%
HXL	F	-0.66%
MOG.A	B	-0.66%
KEYS	A	-0.62%
PSN	D	-0.61%
KTOS	B	-0.56%
RKLB	A	-0.56%
SPR	D	-0.51%
AIR	B	-0.35%
MRCY	C	-0.35%
OSK	C	-0.29%
OSIS	A	-0.27%
TGI	B	-0.2%
B	A	-0.19%
IRDM	D	-0.17%
CDRE	F	-0.16%
TTMI	C	-0.16%
DCO	C	-0.14%
AI	B	-0.13%
VSAT	F	-0.1%