PHO vs. SMHB ETF Comparison

Comparison of Invesco Water Resources ETF (PHO) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

PHO

Invesco Water Resources ETF

PHO Description

The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Grade (RS Rating)

Last Trade

$68.41

Average Daily Volume

74,284

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$6.36

Average Daily Volume

40,276

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PHO	SMHB
30 Days	8.52%	16.18%
60 Days	6.66%	10.12%
90 Days	9.07%	11.49%
12 Months	28.53%	64.88%

0 Overlapping Holdings

	Symbol	Grade	Weight in PHO	Weight in SMHB	Overlap

PHO Overweight 37 Positions Relative to SMHB

Symbol	Grade	Weight
ECL	A	7.87%
DHR	A	7.48%
ROP	C	7.26%
AWK	C	6.91%
CNM	B	4.74%
VLTO	B	4.25%
XYL	A	4.22%
PNR	B	4.07%
AOS	D	3.82%
WAT	B	3.64%
ACM	D	3.59%
WTRG	C	3.57%
IEX	D	3.57%
TTC	D	3.52%
WMS	C	3.48%
TTEK	A	2.58%
VMI	C	2.36%
MLI	C	1.81%
ZWS	C	1.7%
ITRI	B	1.65%
BMI	B	1.63%
WTS	B	1.28%
MWA	B	0.87%
AWR	C	0.85%
FELE	D	0.84%
CWT	C	0.82%
SBS	D	0.67%
LNN	D	0.56%
SJW	D	0.54%
MSEX	D	0.51%
ERII	F	0.33%
CWCO	D	0.2%
YORW	C	0.11%
GRC	F	0.09%
NWPX	C	0.08%
ARTNA	C	0.07%
GWRS	B	0.02%

PHO Underweight 91 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	C	-4.87%
XRX	F	-4.09%
DTM	A	-3.81%
BXMT	F	-3.43%
DSS	F	-2.87%
TWO	B	-2.87%
CIM	D	-2.62%
ETRN	B	-2.49%
BDN	C	-2.41%
BGS	F	-2.41%
SBRA	B	-2.38%
EPR	C	-2.34%
ABR	C	-2.21%
APAM	B	-2.02%
PAGP	C	-1.88%
UNIT	F	-1.86%
UWMC	C	-1.84%
ARR	C	-1.65%
NHI	B	-1.64%
ORC	C	-1.51%
CCOI	F	-1.51%
PSEC	C	-1.47%
IVR	C	-1.43%
DEA	C	-1.35%
PMT	B	-1.35%
MFA	C	-1.27%
RWT	C	-1.24%
CTRE	C	-1.16%
PETS	D	-1.13%
MAIN	C	-1.09%
HTGC	B	-1.03%
ARI	D	-1.02%
GNL	D	-1.01%
FCPT	C	-1.0%
EFC	B	-1.0%
PDM	C	-0.99%
GSBD	C	-0.94%
NEWT	C	-0.94%
NYMT	F	-0.93%
LTC	B	-0.91%
DX	B	-0.89%
KREF	D	-0.8%
VGR	C	-0.79%
NWBI	C	-0.77%
GBDC	C	-0.73%
CODI	D	-0.72%
VNOM	C	-0.65%
SCS	C	-0.65%
RC	D	-0.65%
ACRE	F	-0.64%
LADR	A	-0.62%
TSLX	C	-0.62%
HESM	B	-0.59%
UVV	C	-0.54%
OCSL	D	-0.54%
AROC	B	-0.53%
GMRE	D	-0.5%
ILPT	C	-0.49%
BRSP	F	-0.49%
WSR	B	-0.46%
ALX	C	-0.45%
GTY	C	-0.44%
OPI	D	-0.4%
RMR	C	-0.38%
NMFC	C	-0.38%
UHT	D	-0.36%
GPMT	F	-0.34%
CSWC	C	-0.34%
GOOD	B	-0.33%
FSP	F	-0.29%
TRTX	B	-0.29%
TCPC	C	-0.27%
AHH	C	-0.27%
CGBD	C	-0.25%
BCSF	C	-0.24%
TPVG	D	-0.23%
PFLT	C	-0.23%
SLRC	A	-0.23%
UVE	C	-0.22%
BBDC	B	-0.22%
KRO	B	-0.2%
EBF	C	-0.18%
GAIN	C	-0.17%
PNNT	A	-0.16%
OLP	A	-0.16%
FDUS	C	-0.16%
GLAD	B	-0.15%
BFS	B	-0.14%
TRIN	B	-0.12%
CCAP	B	-0.1%
REPX	F	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers