PCEF vs. BNDX ETF Comparison

Comparison of PowerShares CEF Income Composite Portfolio (PCEF) to Vanguard Total International Bond ETF (BNDX)

PCEF

PowerShares CEF Income Composite Portfolio

PCEF Description

The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$18.18

Average Daily Volume

143,263

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

BNDX

Vanguard Total International Bond ETF

BNDX Description

The investment seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). This Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. It invests by sampling the index. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.51

Average Daily Volume

3,292,625

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

Performance

Period	PCEF	BNDX
30 Days	-1.73%	-0.49%
60 Days	-0.87%	-0.06%
90 Days	1.65%	-0.17%
12 Months	12.74%	3.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in PCEF	Weight in BNDX	Overlap
	DHY	A	0.32%	0.01%	0.01%

PCEF Overweight 107 Positions Relative to BNDX

Symbol	Grade	Weight
EXG	A	4.28%
JPC	A	3.89%
BIGZ	D	3.17%
BMEZ	C	3.02%
BCAT	B	2.95%
BDJ	B	2.66%
BSTZ	C	2.64%
ETY	A	2.56%
NFJ	C	2.29%
BXMX	C	2.12%
ETV	C	1.87%
JFR	A	1.8%
QQQX	C	1.78%
EVV	B	1.7%
ETW	B	1.69%
FPF	C	1.6%
HFRO	D	1.53%
BCX	A	1.51%
BBN	C	1.5%
AWF	A	1.36%
PDO	A	1.31%
EOS	B	1.28%
HYT	A	1.24%
BOE	C	1.23%
FFC	C	1.18%
BTZ	C	1.17%
DSL	C	1.14%
JQC	A	1.14%
FAX	C	1.12%
HTD	A	1.11%
BST	C	1.08%
CII	C	1.04%
BGY	C	1.03%
WIW	C	1.03%
EMD	B	0.94%
DIAX	C	0.91%
ETJ	B	0.88%
LDP	C	0.86%
GHY	B	0.82%
NPFD	B	0.8%
IGD	B	0.79%
EOI	B	0.78%
BME	C	0.69%
BGR	B	0.67%
NBB	C	0.67%
PDT	B	0.66%
DFP	C	0.65%
PHK	C	0.64%
ISD	C	0.64%
EAD	A	0.61%
ETB	C	0.61%
BHK	D	0.59%
FSD	A	0.59%
EDD	C	0.58%
VVR	A	0.58%
FRA	A	0.56%
PFN	A	0.56%
HIO	C	0.55%
PCN	C	0.54%
BLW	C	0.51%
BUI	A	0.51%
BIT	B	0.5%
FCT	A	0.46%
DSU	C	0.45%
FTF	A	0.45%
BGH	B	0.45%
FFA	C	0.45%
STK	C	0.44%
TEI	B	0.44%
HIX	B	0.43%
PPT	C	0.43%
SPXX	B	0.43%
HPS	A	0.42%
MCR	B	0.41%
MMT	A	0.41%
EFR	A	0.4%
HPI	B	0.39%
EOD	B	0.39%
MIN	C	0.38%
EFT	A	0.37%
JGH	A	0.36%
GBAB	C	0.34%
PHT	B	0.34%
MCI	B	0.33%
DHF	B	0.33%
IDE	B	0.32%
ERC	C	0.32%
HPF	B	0.32%
FLC	B	0.3%
PFL	A	0.29%
PSF	C	0.29%
BGT	A	0.29%
IGA	B	0.27%
BGX	A	0.26%
VBF	D	0.22%
HEQ	B	0.22%
NHS	B	0.22%
DBL	C	0.22%
MSD	B	0.22%
TSI	C	0.2%
PHD	A	0.19%
PCF	C	0.19%
EHI	C	0.17%
EVG	A	0.17%
HYB	C	0.15%
CIK	C	0.14%
MCN	C	0.13%

PCEF Underweight 156 Positions Relative to BNDX

Symbol	Grade	Weight
SPG	D	-0.01%
SO	A	-0.01%
SLB	F	-0.01%
SCOR	F	-0.01%
RTX	A	-0.01%
ZBH	F	-0.01%
XYL	A	-0.01%
WM	B	-0.01%
WHR	F	-0.01%
WELL	A	-0.01%
WBA	F	-0.01%
VTRS	C	-0.01%
VTR	A	-0.01%
VFC	F	-0.01%
UPS	D	-0.01%
TEL	D	-0.01%
TCN	A	-0.01%
TAP	F	-0.01%
SYY	D	-0.01%
SYK	D	-0.01%
AL	A	-0.01%
AIG	A	-0.01%
CP	D	-0.01%
COF	B	-0.01%
EMR	D	-0.01%
EMN	B	-0.01%
NDAQ	B	-0.01%
MSFT	D	-0.01%
EEFT	C	-0.01%
MRK	B	-0.01%
MP	C	-0.01%
CL	A	-0.01%
EDC	B	-0.01%
ECL	B	-0.01%
DXC	F	-0.01%
DSM	C	-0.01%
MMM	A	-0.01%
MHK	C	-0.01%
CE	C	-0.01%
CCEP	A	-0.01%
DIS	C	-0.01%
MET	D	-0.01%
MCO	C	-0.01%
MCK	B	-0.01%
MAN	A	-0.01%
MA	D	-0.01%
LYB	D	-0.01%
LLY	C	-0.01%
BWA	B	-0.01%
BX	D	-0.01%
PEP	A	-0.01%
ORCL	D	-0.01%
BSX	A	-0.01%
IFF	A	-0.01%
PSA	D	-0.01%
KMI	A	-0.01%
KKR	C	-0.01%
K	A	-0.01%
BMY	F	-0.01%
HOG	D	-0.01%
JNJ	D	-0.01%
BLK	D	-0.01%
BIP	D	-0.01%
PPL	A	-0.01%
PPG	D	-0.01%
PM	A	-0.01%
BDX	C	-0.01%
PFE	C	-0.01%
GM	B	-0.01%
GLW	B	-0.01%
GIS	B	-0.01%
OMC	B	-0.01%
OBND	A	-0.01%
O	A	-0.01%
BACA	B	-0.01%
AZN	A	-0.01%
NS	D	-0.01%
ASML	D	-0.01%
APTV	D	-0.01%
APD	C	-0.01%
FDX	B	-0.01%
ITW	D	-0.01%
INTC	F	-0.01%
AON	F	-0.01%
AMT	D	-0.01%
AMGN	B	-0.01%
AMCR	A	-0.01%
ETN	B	-0.01%
NEE	A	-0.01%
DE	A	-0.01%
SE	B	-0.01%
RY	B	-0.01%
TMO	C	-0.01%
XOM	B	-0.01%
WPC	B	-0.01%
VOD	F	-0.01%
USB	D	-0.01%
MUFG	C	-0.01%
CNHI	D	-0.01%
CRH	C	-0.01%
ADM	C	-0.01%
TD	D	-0.01%
MO	A	-0.01%
ABBV	D	-0.01%
AAPL	C	-0.01%
DOV	A	-0.01%
DOW	D	-0.01%
CB	C	-0.01%
DHR	C	-0.01%
MDT	C	-0.01%
MDLZ	B	-0.01%
MCD	D	-0.01%
KO	A	-0.01%
LIN	D	-0.01%
CAF	B	-0.01%
BKNG	D	-0.01%
BHP	F	-0.01%
BG	B	-0.01%
HON	D	-0.01%
IBM	D	-0.01%
JCI	B	-0.01%
BAX	F	-0.01%
GE	A	-0.01%
PG	A	-0.01%
GSK	A	-0.01%
PLD	D	-0.01%
PH	B	-0.01%
EQNR	B	-0.01%
DB	B	-0.01%
FIS	D	-0.01%
BAC	B	-0.01%
GS	A	-0.01%
BMO	D	-0.01%
BNS	D	-0.01%
KSA	C	-0.01%
DLR	C	-0.01%
MS	A	-0.01%
ABT	D	-0.01%
T	B	-0.01%
UBS	D	-0.01%
WMT	D	-0.01%
WFC	B	-0.01%
VZ	D	-0.01%
SEB	B	-0.01%
STLA	D	-0.01%
C	B	-0.01%
EDF	A	-0.01%
DT	F	-0.01%
CMCSA	F	-0.01%
NWG	A	-0.01%
HSBC	A	-0.01%
CM	D	-0.01%
JPM	A	-0.01%
COE	B	-0.01%
CAN	F	-0.01%
BGB	A	-0.01%

PCEF: Top Represented Industries & Keywords

Industries: Asset Management Other