PPA vs. WBIF ETF Comparison

Comparison of PowerShares Aerospace & Defense (PPA) to WBI Large Cap Tactical Value Shares (WBIF)

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

$105.21

Average Daily Volume

149,741

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WBIF

WBI Large Cap Tactical Value Shares

WBIF Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive discount in a company's intrinsic value relative to its market price, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$29.68

Average Daily Volume

1,494

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PPA	WBIF
30 Days	4.83%	-1.79%
60 Days	5.88%	-0.02%
90 Days	11.93%	4.63%
12 Months	33.90%	14.34%

0 Overlapping Holdings

	Symbol	Grade	Weight in PPA	Weight in WBIF	Overlap

PPA Overweight 47 Positions Relative to WBIF

Symbol	Grade	Weight
RTX	A	6.9%
LMT	A	6.78%
GE	A	6.04%
BA	F	5.9%
NOC	B	5.61%
GD	A	4.91%
LHX	A	4.58%
HON	C	4.31%
TDG	A	4.05%
ETN	A	3.84%
PH	B	3.6%
HWM	A	3.57%
AXON	B	3.35%
BAH	B	2.48%
TXT	D	2.4%
LDOS	A	2.19%
APH	A	2.15%
HII	D	2.06%
HEI	A	1.85%
BWXT	D	1.41%
CACI	A	1.35%
KBR	B	1.34%
CW	A	1.31%
WWD	A	1.08%
TDY	D	1.0%
SAIC	C	1.0%
HXL	C	0.97%
ATI	B	0.95%
J	D	0.88%
AVAV	A	0.88%
PLTR	D	0.85%
SPR	D	0.74%
MOG.A	A	0.65%
PSN	D	0.64%
KEYS	D	0.6%
KTOS	B	0.55%
AIR	B	0.48%
OSK	D	0.45%
MRCY	D	0.34%
VSAT	D	0.3%
OSIS	D	0.26%
CDRE	F	0.26%
IRDM	D	0.2%
TGI	C	0.2%
DCO	B	0.15%
B	C	0.15%
TTMI	A	0.14%

PPA Underweight 33 Positions Relative to WBIF

Symbol	Grade	Weight
MO	A	-5.12%
KNTK	A	-4.83%
TW	A	-4.43%
CHD	A	-4.14%
HRB	B	-4.09%
KMB	B	-4.05%
HPQ	C	-3.99%
GIS	C	-3.95%
MA	D	-3.87%
BR	D	-3.87%
CDW	F	-3.59%
MSFT	C	-3.05%
PANW	B	-2.41%
AXP	A	-2.38%
GRMN	A	-2.33%
CARR	A	-2.24%
EBAY	D	-2.19%
NXPI	A	-2.18%
RGA	A	-2.07%
CI	D	-2.07%
UHS	D	-2.06%
UNM	B	-2.03%
DKS	C	-2.0%
MAR	D	-1.93%
F	D	-1.93%
WRB	D	-1.88%
CNA	B	-1.86%
HAL	F	-1.85%
PCAR	D	-1.83%
BCC	D	-1.82%
SLB	F	-1.8%
TGT	D	-1.47%
SYY	D	-0.81%