PKW vs. FNCL ETF Comparison

Comparison of PowerShares Buyback Achievers (PKW) to Fidelity MSCI Financials Index ETF (FNCL)

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM 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 track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc. replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ Buyback Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$105.05

Average Daily Volume

18,922

Number of Holdings ^*

197

* 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	PKW	FNCL
30 Days	-1.22%	0.46%
60 Days	1.52%	2.78%
90 Days	4.76%	7.25%
12 Months	26.63%	35.70%

37 Overlapping Holdings

Symbol	Grade	Weight in PKW	Weight in FNCL	Overlap
AFL	A	1.82%	0.71%	0.71%
AIG	A	1.93%	0.8%	0.8%
AMG	D	0.19%	0.08%	0.08%
BHF	D	0.11%	0.05%	0.05%
CASH	B	0.05%	0.02%	0.02%
CFG	A	0.59%	0.25%	0.25%
CNNE	D	0.05%	0.02%	0.02%
COOP	A	0.19%	0.08%	0.08%
DFS	C	1.16%	0.49%	0.49%
EEFT	B	0.18%	0.07%	0.07%
EGBN	F	0.02%	0.01%	0.01%
EIG	C	0.04%	0.02%	0.02%
ENVA	B	0.06%	0.03%	0.03%
EQH	A	0.48%	0.19%	0.19%
FBP	A	0.11%	0.04%	0.04%
GNW	B	0.1%	0.04%	0.04%
HIG	C	1.08%	0.44%	0.44%
HONE	B	0.02%	0.01%	0.01%
IMXI	D	0.03%	0.01%	0.01%
JEF	B	0.34%	0.12%	0.12%
L	A	0.63%	0.23%	0.23%
LPRO	F	0.02%	0.01%	0.01%
MET	C	1.94%	0.68%	0.68%
MTG	B	0.21%	0.09%	0.09%
NAVI	F	0.06%	0.02%	0.02%
NFBK	D	0.01%	0.01%	0.01%
ORI	A	0.31%	0.13%	0.13%
PRA	C	0.03%	0.01%	0.01%
PRG	B	0.05%	0.02%	0.02%
PRI	D	0.28%	0.12%	0.12%
PYPL	C	2.65%	1.02%	1.02%
SBSI	D	0.03%	0.01%	0.01%
SLM	B	0.17%	0.07%	0.07%
STT	B	0.82%	0.34%	0.34%
SYF	A	0.67%	0.28%	0.28%
VIRT	A	0.07%	0.03%	0.03%
WU	D	0.17%	0.05%	0.05%

PKW Overweight 160 Positions Relative to FNCL

Symbol	Grade	Weight
TMUS	B	5.38%
JNJ	F	5.07%
CMCSA	D	4.68%
BKNG	B	4.36%
LMT	A	4.15%
DE	B	4.03%
HCA	C	3.06%
MCK	A	2.61%
MAR	D	2.52%
CSX	D	2.43%
MPC	D	2.41%
PSX	D	2.24%
ORLY	D	2.22%
VLO	D	1.92%
AZO	D	1.91%
HLT	D	1.86%
CNC	C	1.44%
VRSK	B	1.25%
DD	A	1.22%
VST	A	1.0%
CAH	F	0.93%
PHM	B	0.89%
BLDR	D	0.84%
STLD	D	0.77%
APP	B	0.71%
CSL	A	0.69%
EXPE	F	0.65%
GDDY	A	0.65%
TXT	D	0.61%
EXPD	D	0.6%
MRO	C	0.56%
TOL	B	0.47%
MGM	D	0.47%
WMS	C	0.46%
THC	A	0.43%
BRKR	D	0.41%
CNM	B	0.41%
DINO	D	0.4%
PAG	B	0.38%
CACI	A	0.34%
EXP	A	0.33%
MUSA	C	0.32%
FOXA	B	0.28%
MTN	F	0.27%
WSC	F	0.26%
HRB	B	0.25%
BERY	C	0.25%
ARW	C	0.25%
AN	B	0.25%
ATKR	D	0.24%
PVH	D	0.24%
OLN	C	0.23%
CHH	F	0.22%
WH	F	0.22%
VVV	D	0.21%
NSIT	A	0.21%
NXST	A	0.2%
R	A	0.2%
SM	B	0.2%
BC	D	0.2%
KBH	B	0.19%
BYD	F	0.19%
TNET	F	0.19%
DDS	C	0.19%
ASH	A	0.18%
WIRE	C	0.17%
ASGN	D	0.17%
RH	C	0.17%
AMR	D	0.16%
ASO	F	0.16%
ABG	C	0.16%
HGV	D	0.16%
GPI	B	0.15%
CPRI	F	0.15%
HUN	D	0.15%
MATX	B	0.14%
HP	D	0.14%
GOLF	C	0.14%
VAC	C	0.13%
CAR	D	0.13%
PK	D	0.13%
GFF	C	0.13%
DXC	F	0.13%
CNX	B	0.13%
LBRT	B	0.13%
CRC	F	0.13%
TNL	D	0.12%
SEB	C	0.12%
DOCN	D	0.12%
NSA	C	0.11%
AZTA	F	0.11%
SKYW	B	0.11%
CVCO	C	0.11%
SLVM	A	0.1%
BTU	D	0.1%
IART	F	0.09%
CEIX	D	0.09%
TGNA	B	0.09%
SPB	A	0.09%
IDCC	B	0.09%
CARG	D	0.08%
PLAY	D	0.08%
DEI	B	0.08%
AMN	C	0.08%
ODP	F	0.07%
FUN	C	0.07%
ATGE	A	0.07%
PZZA	F	0.07%
GBX	B	0.06%
XRX	F	0.06%
HURN	F	0.06%
DK	D	0.06%
PEB	F	0.06%
CGEM	C	0.05%
LILAK	B	0.05%
SAH	B	0.05%
JBGS	F	0.05%
CSGS	F	0.05%
HTZ	F	0.05%
XHR	C	0.05%
INVA	C	0.04%
SCHL	D	0.04%
HIBB	A	0.04%
JACK	F	0.04%
ECVT	D	0.04%
ANAB	B	0.03%
SNCY	F	0.03%
KELYA	D	0.03%
STGW	B	0.03%
ZIP	F	0.03%
DXPE	C	0.03%
ATSG	C	0.03%
RYI	F	0.03%
OPY	A	0.02%
DENN	F	0.02%
TBPH	C	0.02%
OSG	A	0.02%
DBI	F	0.02%
LQDT	B	0.02%
FPI	B	0.02%
CHGG	F	0.02%
NR	C	0.02%
HCKT	F	0.02%
LXU	C	0.02%
CCRN	F	0.02%
MX	F	0.01%
TASK	B	0.01%
NECB	B	0.01%
WSBF	B	0.01%
RLGT	F	0.01%
SOI	B	0.01%
LOCO	B	0.01%
ONTF	F	0.01%
GCO	D	0.01%
LWAY	B	0.01%
SENEA	A	0.01%
MBI	B	0.01%
LSEA	F	0.01%
ZYXI	D	0.01%
SKIN	F	0.01%

PKW Underweight 352 Positions Relative to FNCL

Symbol	Grade	Weight
JPM	A	-8.5%
BRK.A	C	-8.01%
V	C	-6.6%
MA	D	-5.88%
BAC	A	-4.1%
WFC	A	-3.31%
GS	A	-2.12%
AXP	A	-2.09%
SPGI	C	-2.05%
PGR	A	-1.85%
C	A	-1.81%
MS	A	-1.73%
BLK	D	-1.72%
SCHW	A	-1.71%
CB	C	-1.52%
MMC	B	-1.48%
BX	D	-1.32%
CME	C	-1.15%
ICE	C	-1.14%
USB	D	-0.97%
PNC	B	-0.95%
MCO	B	-0.94%
AON	D	-0.87%
COF	C	-0.85%
KKR	B	-0.84%
AJG	C	-0.77%
TFC	A	-0.77%
TRV	D	-0.75%
APO	C	-0.68%
ALL	B	-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	F	-0.57%
ACGL	A	-0.52%
GPN	F	-0.49%
TROW	D	-0.39%
WTW	D	-0.39%
FITB	A	-0.38%
MTB	A	-0.37%
RJF	B	-0.37%
ARES	A	-0.34%
NDAQ	D	-0.31%
BRO	C	-0.3%
LPLA	C	-0.3%
HBAN	A	-0.3%
CBOE	C	-0.29%
PFG	C	-0.29%
MKL	A	-0.29%
RF	B	-0.28%
FCNCA	B	-0.27%
NTRS	B	-0.26%
CINF	C	-0.26%
WRB	D	-0.24%
EG	C	-0.24%
FDS	D	-0.24%
KEY	C	-0.21%
FNF	B	-0.2%
RGA	A	-0.19%
IBKR	B	-0.18%
JKHY	C	-0.18%
TW	A	-0.17%
RNR	D	-0.17%
ALLY	B	-0.16%
EWBC	B	-0.16%
ERIE	C	-0.15%
CG	D	-0.15%
AIZ	C	-0.14%
WEX	D	-0.14%
AFG	C	-0.14%
FHN	A	-0.13%
UNM	B	-0.13%
OWL	B	-0.12%
WBS	D	-0.12%
TOST	B	-0.12%
SF	A	-0.12%
KNSL	F	-0.12%
CMA	B	-0.11%
SOFI	F	-0.11%
GL	F	-0.11%
VOYA	B	-0.11%
AFRM	C	-0.11%
HOOD	D	-0.11%
MORN	D	-0.11%
SEIC	C	-0.11%
BEN	D	-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%
RLI	B	-0.09%
ESNT	C	-0.09%
SSB	C	-0.09%
PB	B	-0.09%
SIGI	F	-0.09%
OMF	B	-0.09%
PNFP	C	-0.09%
WAL	B	-0.09%
STWD	C	-0.09%
AGNC	A	-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%
AXS	A	-0.08%
SNV	B	-0.08%
FAF	D	-0.08%
JHG	A	-0.07%
UBSI	C	-0.07%
AGO	D	-0.07%
WTM	A	-0.07%
RDN	C	-0.07%
LNC	C	-0.07%
THG	A	-0.07%
HOMB	B	-0.07%
RYAN	C	-0.07%
JXN	B	-0.07%
CACC	D	-0.06%
KMPR	B	-0.06%
PFSI	A	-0.06%
UMBF	D	-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	A	-0.05%
ABCB	B	-0.05%
FOUR	F	-0.05%
WD	B	-0.05%
SFBS	C	-0.05%
VLY	D	-0.05%
MC	C	-0.05%
IBOC	A	-0.05%
ASB	A	-0.05%
PIPR	A	-0.05%
TPG	D	-0.05%
ESGR	B	-0.05%
BOH	D	-0.04%
OSCR	A	-0.04%
AUB	C	-0.04%
NMIH	A	-0.04%
CATY	C	-0.04%
EVTC	D	-0.04%
FULT	A	-0.04%
FIBK	B	-0.04%
WSFS	B	-0.04%
BOKF	A	-0.04%
FHI	D	-0.04%
TCBI	B	-0.04%
FHB	B	-0.04%
APAM	C	-0.04%
HASI	A	-0.04%
AX	A	-0.04%
BXMT	F	-0.04%
WSBC	C	-0.03%
RNST	C	-0.03%
VRTS	C	-0.03%
STC	B	-0.03%
UPST	D	-0.03%
DFIN	C	-0.03%
TRMK	A	-0.03%
BANF	B	-0.03%
CNS	C	-0.03%
SBCF	C	-0.03%
STEP	A	-0.03%
AGM	D	-0.03%
PLMR	B	-0.03%
WAFD	B	-0.03%
TOWN	B	-0.03%
BANC	C	-0.03%
VCTR	A	-0.03%
BKU	B	-0.03%
SNEX	A	-0.03%
PPBI	B	-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	D	-0.03%
INDB	C	-0.03%
FLYW	F	-0.03%
CVBF	C	-0.03%
CBU	B	-0.03%
NIC	C	-0.02%
TCBK	B	-0.02%
QCRH	C	-0.02%
SKWD	C	-0.02%
VBTX	B	-0.02%
LOB	F	-0.02%
PEBO	B	-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%
SPNT	C	-0.02%
FBNC	D	-0.02%
PMT	B	-0.02%
BUSE	B	-0.02%
HOPE	C	-0.02%
LADR	B	-0.02%
FBK	B	-0.02%
NWBI	C	-0.02%
HTLF	B	-0.02%
FCF	B	-0.02%
CUBI	D	-0.02%
IBTX	C	-0.02%
RKT	B	-0.02%
HTH	B	-0.02%
EFSC	B	-0.02%
LKFN	C	-0.02%
CHCO	B	-0.02%
RC	D	-0.02%
NATL	B	-0.02%
CODI	D	-0.02%
ARI	F	-0.02%
HMN	C	-0.02%
MCY	A	-0.02%
NNI	B	-0.02%
BANR	B	-0.02%
NBTB	B	-0.02%
TBBK	F	-0.02%
BRP	C	-0.02%
OFG	A	-0.02%
JRVR	F	-0.01%
SPFI	B	-0.01%
FSBC	C	-0.01%
KRNY	F	-0.01%
MOFG	D	-0.01%
HAFC	B	-0.01%
PAY	D	-0.01%
SMBC	D	-0.01%
CTLP	F	-0.01%
ACRE	F	-0.01%
TIPT	C	-0.01%
MCB	B	-0.01%
CLBK	F	-0.01%
AMAL	B	-0.01%
CCBG	C	-0.01%
BHB	B	-0.01%
DHIL	B	-0.01%
GDOT	D	-0.01%
NRDS	D	-0.01%
TRTX	B	-0.01%
CCB	B	-0.01%
TRST	B	-0.01%
WASH	B	-0.01%
THFF	B	-0.01%
WRLD	C	-0.01%
UFCS	B	-0.01%
CAC	B	-0.01%
TMP	D	-0.01%
CPF	B	-0.01%
EQBK	A	-0.01%
UVE	B	-0.01%
BFST	C	-0.01%
RBCAA	B	-0.01%
MCBS	A	-0.01%
CATC	B	-0.01%
GSBC	B	-0.01%
CFB	C	-0.01%
FMNB	C	-0.01%
HBNC	B	-0.01%
HTBK	C	-0.01%
FCBC	B	-0.01%
KREF	F	-0.01%
AMTB	B	-0.01%
EZPW	D	-0.01%
RILY	C	-0.01%
CFFN	F	-0.01%
UWMC	B	-0.01%
OSBC	B	-0.01%
IIIV	C	-0.01%
FBMS	C	-0.01%
IBCP	B	-0.01%
PFBC	A	-0.01%
HFWA	B	-0.01%
BY	B	-0.01%
BFC	C	-0.01%
DX	B	-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	B	-0.01%
AMBC	A	-0.01%
BSIG	C	-0.01%
BRKL	D	-0.01%
CASS	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%
RPAY	B	-0.01%
BRSP	F	-0.01%
OBK	B	-0.01%
CIM	C	-0.01%
PRAA	B	-0.01%
HCI	C	-0.01%
LC	B	-0.01%
OCFC	B	-0.01%
CMTG	F	-0.01%
SRCE	B	-0.01%
ECPG	C	-0.01%
LMND	C	-0.01%
BHLB	B	-0.01%
GABC	C	-0.01%
NBHC	C	-0.01%
SASR	B	-0.01%
AROW	C	-0.0%
ATLC	D	-0.0%
HIFS	B	-0.0%
HGTY	B	-0.0%
FRGE	F	-0.0%
CRD.B	C	-0.0%
GCBC	C	-0.0%
SMBK	B	-0.0%
HBT	B	-0.0%
FFIC	D	-0.0%
MPB	B	-0.0%
DGICA	F	-0.0%
PGC	F	-0.0%
PX	D	-0.0%