PBD vs. ACES ETF Comparison

Comparison of PowerShares Global Clean Energy Portfolio (PBD) to ALPS Clean Energy ETF (ACES)

PBD

PowerShares Global Clean Energy Portfolio

PBD Description

The PowerShares Global Clean Energy Portfolio (Fund) is based on the WilderHill New Energy Global Innovation Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$13.22

Average Daily Volume

39,023

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACES

ALPS Clean Energy ETF

ACES 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

$26.43

Average Daily Volume

110,463

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PBD	ACES
30 Days	-5.09%	-5.61%
60 Days	-1.81%	-7.36%
90 Days	-4.71%	-10.83%
12 Months	-25.97%	-35.42%

18 Overlapping Holdings

Symbol	Grade	Weight in PBD	Weight in ACES	Overlap
AMRC	F	0.8%	0.76%	0.76%
ARRY	D	0.76%	2.05%	0.76%
CHPT	F	0.64%	0.69%	0.64%
ENPH	F	0.8%	5.0%	0.8%
FSLR	B	1.05%	6.51%	1.05%
GEVO	F	0.61%	0.18%	0.18%
HASI	C	0.95%	3.48%	0.95%
ITRI	A	1.12%	5.21%	1.12%
LCID	F	0.66%	2.74%	0.66%
NOVA	F	0.33%	0.53%	0.33%
ORA	D	0.88%	4.1%	0.88%
PLUG	F	0.63%	2.36%	0.63%
RIVN	F	0.51%	4.45%	0.51%
RUN	F	0.6%	2.95%	0.6%
SHLS	F	0.51%	1.78%	0.51%
SPWR	F	0.52%	0.25%	0.25%
STEM	F	0.45%	0.3%	0.3%
WOLF	F	0.84%	4.02%	0.84%

PBD Overweight 16 Positions Relative to ACES

Symbol	Grade	Weight
CNM	A	1.19%
ATKR	A	1.14%
SQM	F	1.09%
HUBB	A	1.05%
RENB	F	1.02%
OLED	D	0.82%
BE	F	0.82%
TPIC	F	0.8%
JKS	D	0.78%
XPEV	F	0.75%
SEDG	F	0.69%
FCEL	F	0.68%
ACHR	D	0.67%
QS	F	0.66%
CSIQ	F	0.64%
NIO	F	0.61%

PBD Underweight 14 Positions Relative to ACES

Symbol	Grade	Weight
DAR	C	-5.52%
ALB	F	-4.64%
TSLA	D	-4.44%
NEP	D	-3.26%
ANDE	A	-2.32%
CWEN	B	-2.31%
GPRE	F	-1.67%
FLNC	D	-1.24%
REX	A	-1.12%
NKLA	F	-1.05%
AMSC	D	-0.52%
CLNE	F	-0.5%
PLL	F	-0.31%
AMPS	F	-0.26%