PRN vs. CLSE ETF Comparison

Comparison of PowerShares Dynamic Industrials (PRN) to Convergence Long/Short Equity ETF (CLSE)

PRN

PowerShares Dynamic Industrials

PRN Description

The PowerShares Dynamic Industrials Sector Portfolio (Fund) is based on the Dynamic Industrials Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering heavy machinery, construction, electrical equipment, aerospace and defense and general manufacturing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$134.28

Average Daily Volume

12,015

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$20.36

Average Daily Volume

38,934

Number of Holdings ^*

346

* may have additional holdings in another (foreign) market

Performance

Period	PRN	CLSE
30 Days	-3.53%	-1.74%
60 Days	-0.73%	3.82%
90 Days	7.45%	12.24%
12 Months	45.21%	39.06%

10 Overlapping Holdings

Symbol	Grade	Weight in PRN	Weight in CLSE	Overlap
AXON	A	2.12%	-0.16%	-0.16%
BCC	D	2.0%	0.54%	0.54%
BLDR	C	3.17%	0.5%	0.5%
GFF	C	1.77%	0.64%	0.64%
GMS	C	1.76%	0.49%	0.49%
GWW	D	3.01%	0.48%	0.48%
IESC	B	1.8%	0.52%	0.52%
STRL	D	2.34%	0.49%	0.49%
VRT	A	3.61%	0.54%	0.54%
XPO	D	2.34%	0.13%	0.13%

PRN Overweight 30 Positions Relative to CLSE

Symbol	Grade	Weight
CTAS	A	4.03%
HEI	A	3.93%
HUBB	D	3.61%
FIX	C	3.59%
CPRT	C	3.51%
AME	D	3.44%
PWR	A	3.3%
TT	A	3.2%
SAIA	F	3.08%
URI	D	2.73%
TDG	A	2.63%
GGG	D	2.5%
PKG	C	2.44%
CSL	A	2.43%
ETN	A	2.42%
HWM	A	2.22%
WIRE	A	2.14%
HRI	D	2.12%
ARCB	F	2.01%
DY	A	1.99%
MYRG	F	1.95%
CBZ	D	1.9%
CSWI	A	1.83%
APG	D	1.74%
UFPI	C	1.71%
RUSHA	D	1.58%
AIT	C	1.57%
CMPR	D	1.42%
HEES	F	1.34%
AMSC	C	1.27%

PRN Underweight 336 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	C	-3.49%
GOOG	A	-3.29%
MSFT	C	-3.18%
AMZN	A	-3.1%
META	D	-2.35%
QCOM	A	-2.15%
GOOGL	A	-2.01%
APP	B	-1.82%
AMAT	C	-1.8%
MU	B	-1.76%
IBM	D	-1.48%
ANET	D	-1.47%
NTAP	C	-1.47%
NFLX	D	-1.45%
NTNX	C	-1.45%
MRK	B	-1.44%
PLTR	D	-1.26%
WMT	C	-1.22%
CRWD	D	-1.17%
SNX	A	-1.16%
PSTG	C	-1.14%
JPM	B	-1.12%
PYPL	B	-1.12%
SPOT	B	-1.06%
DOCU	B	-1.0%
HD	D	-1.0%
MUSA	D	-0.99%
VCTR	A	-0.92%
COIN	D	-0.89%
AMG	C	-0.88%
EBAY	C	-0.86%
T	C	-0.85%
MPC	D	-0.85%
LLY	D	-0.84%
PBF	C	-0.84%
OGN	B	-0.83%
STNE	C	-0.83%
CAH	F	-0.82%
ABBV	D	-0.82%
SYF	A	-0.81%
BMY	F	-0.8%
AMGN	A	-0.8%
JNJ	F	-0.79%
VTRS	D	-0.78%
PAGS	D	-0.78%
UBER	D	-0.78%
MTG	C	-0.77%
GILD	F	-0.76%
SEIC	C	-0.75%
TW	B	-0.74%
VLO	C	-0.73%
BAC	B	-0.72%
XOM	B	-0.7%
CNM	A	-0.7%
BG	C	-0.7%
PSX	D	-0.7%
BRBR	C	-0.7%
F	C	-0.69%
TSN	A	-0.69%
MO	A	-0.68%
CDNS	D	-0.68%
PG	A	-0.67%
PPC	A	-0.66%
ETRN	A	-0.65%
PEGA	D	-0.65%
IIPR	A	-0.65%
AAPL	C	-0.64%
CI	C	-0.64%
SMCI	D	-0.63%
WFC	B	-0.63%
MCK	C	-0.63%
OMI	F	-0.62%
EME	A	-0.6%
CNC	C	-0.58%
MOH	F	-0.58%
MLI	B	-0.58%
AMP	B	-0.57%
KNF	B	-0.56%
EXP	B	-0.55%
LOPE	C	-0.54%
TFC	A	-0.54%
AGO	D	-0.54%
OC	A	-0.53%
ITRI	A	-0.51%
FTDR	B	-0.51%
CAT	D	-0.51%
AMR	D	-0.51%
AYI	C	-0.5%
PGR	B	-0.49%
AEO	C	-0.49%
NU	C	-0.48%
RGA	A	-0.48%
EVRG	B	-0.47%
CVI	F	-0.47%
EXC	C	-0.47%
VST	A	-0.47%
AVGO	D	-0.46%
NEE	B	-0.46%
DVA	B	-0.45%
HIG	D	-0.44%
PNC	A	-0.44%
SKYW	A	-0.44%
REZI	D	-0.43%
DPZ	B	-0.43%
WDAY	D	-0.41%
SKT	D	-0.41%
CNA	B	-0.41%
HRB	D	-0.4%
BKNG	C	-0.38%
J	B	-0.38%
GM	B	-0.38%
SR	B	-0.37%
UNP	C	-0.36%
SAIC	D	-0.36%
STLD	D	-0.36%
BCO	A	-0.35%
FITB	A	-0.35%
GLPI	F	-0.34%
PEG	A	-0.34%
SPG	D	-0.34%
PSN	D	-0.34%
HQY	D	-0.33%
RS	D	-0.32%
STAG	D	-0.32%
MET	D	-0.31%
IBP	C	-0.31%
KR	C	-0.3%
VRTX	D	-0.3%
BLD	D	-0.3%
TEAM	F	-0.29%
WDC	B	-0.29%
MOD	B	-0.29%
FDX	C	-0.29%
BAH	B	-0.28%
KBH	B	-0.28%
GRMN	A	-0.28%
NEU	D	-0.26%
SPGI	C	-0.26%
ANF	C	-0.24%
SLVM	A	-0.21%
SUM	D	-0.21%
SWAV	A	-0.2%
MGM	F	-0.2%
LDOS	A	-0.2%
DECK	D	-0.18%
AOS	D	-0.17%
LNW	D	-0.17%
THC	A	-0.16%
NSA	D	-0.13%
PTVE	C	-0.1%
ROCK	D	-0.09%
NTRA	A	-0.09%
LGIH	D	--0.05%
MODG	B	--0.06%
DNUT	F	--0.06%
OKE	C	--0.07%
MCW	D	--0.07%
PTCT	B	--0.07%
JBHT	F	--0.08%
PENN	F	--0.08%
ATI	B	--0.08%
JOBY	D	--0.08%
PNM	C	--0.08%
FCNCA	B	--0.08%
RYAN	D	--0.08%
HAS	B	--0.09%
TROX	A	--0.09%
PYCR	F	--0.09%
IAS	F	--0.09%
CHDN	B	--0.1%
CNXC	F	--0.1%
DRVN	F	--0.1%
DOC	A	--0.1%
NWL	D	--0.1%
VTR	B	--0.1%
COLD	F	--0.1%
CWST	D	--0.1%
PCH	D	--0.1%
RRC	B	--0.11%
TXG	F	--0.11%
ACVA	D	--0.11%
EXR	C	--0.11%
GOGL	A	--0.11%
BXMT	F	--0.11%
AES	B	--0.11%
CRS	A	--0.12%
ADC	B	--0.12%
MDU	A	--0.12%
AEE	C	--0.12%
ENPH	F	--0.13%
LPX	D	--0.13%
SUI	F	--0.13%
AVAV	B	--0.14%
HTZ	F	--0.14%
SJM	F	--0.14%
FLNC	B	--0.14%
LFST	D	--0.14%
VFC	F	--0.14%
NARI	F	--0.14%
XYL	A	--0.15%
SPR	D	--0.15%
O	B	--0.15%
AJG	C	--0.15%
TSLA	D	--0.16%
ZWS	D	--0.16%
CHH	D	--0.16%
ALIT	C	--0.16%
RIVN	F	--0.16%
WTM	A	--0.16%
RBA	D	--0.16%
KMPR	B	--0.16%
MTN	F	--0.16%
HAYW	C	--0.16%
UCBI	B	--0.17%
PPBI	D	--0.17%
WAFD	B	--0.17%
VLY	D	--0.17%
FOXF	F	--0.17%
RNR	D	--0.17%
RUN	D	--0.17%
BE	C	--0.17%
FL	F	--0.17%
BANC	C	--0.18%
GPI	A	--0.18%
ROG	C	--0.19%
WAL	C	--0.19%
IRT	B	--0.19%
CADE	B	--0.19%
DG	D	--0.19%
UHAL	C	--0.19%
UI	F	--0.19%
ATO	A	--0.19%
APD	C	--0.2%
FOUR	F	--0.2%
PR	B	--0.2%
HASI	C	--0.2%
FMC	D	--0.2%
AGNC	B	--0.2%
MP	C	--0.2%
GATX	C	--0.2%
CZR	F	--0.21%
NTLA	F	--0.21%
TMDX	A	--0.21%
CABO	F	--0.22%
UEC	B	--0.22%
LNC	D	--0.22%
GO	F	--0.23%
PRU	C	--0.23%
PRCT	A	--0.23%
RRX	D	--0.23%
FIS	C	--0.23%
NDAQ	B	--0.24%
SHC	F	--0.24%
PFE	D	--0.25%
ASB	A	--0.25%
EVH	F	--0.25%
CAR	D	--0.26%
IRTC	C	--0.26%
LW	D	--0.26%
KVUE	D	--0.26%
BIO	D	--0.26%
DLTR	D	--0.26%
EL	F	--0.27%
GTLS	C	--0.27%
CNX	B	--0.27%
FSLR	B	--0.27%
TOST	D	--0.28%
NNI	A	--0.28%
CFLT	D	--0.28%
KDP	A	--0.28%
FNB	A	--0.28%
NXST	C	--0.29%
CG	D	--0.29%
NOG	B	--0.29%
GS	A	--0.29%
D	A	--0.29%
PFSI	A	--0.29%
AR	A	--0.29%
NEOG	F	--0.3%
MS	A	--0.3%
TSCO	A	--0.31%
RIOT	F	--0.31%
MASI	C	--0.31%
AAP	D	--0.32%
FYBR	C	--0.33%
KMX	F	--0.34%
ALB	D	--0.34%
DTE	A	--0.34%
BX	D	--0.34%
FIVE	F	--0.34%
RVMD	A	--0.34%
TGNA	D	--0.35%
IBKR	A	--0.35%
IAC	C	--0.36%
LAD	F	--0.36%
GE	A	--0.37%
PTC	D	--0.37%
TECH	C	--0.38%
TTWO	D	--0.38%
DV	D	--0.38%
COHR	D	--0.38%
MTD	D	--0.38%
UTHR	A	--0.39%
ORCL	D	--0.39%
BILL	F	--0.41%
LYV	D	--0.41%
BA	D	--0.42%
U	F	--0.42%
ZI	C	--0.42%
RH	D	--0.42%
NCNO	D	--0.42%
VSAT	F	--0.42%
MSGS	B	--0.43%
LBRDK	F	--0.43%
INSP	B	--0.44%
GFS	D	--0.44%
FND	D	--0.44%
FIVN	F	--0.44%
ASAN	F	--0.45%
CRL	D	--0.45%
DAR	F	--0.45%
ZBRA	A	--0.47%
WEX	D	--0.47%
CGNX	B	--0.48%
SPT	F	--0.49%
HCP	B	--0.5%
ALGM	C	--0.5%
WBD	F	--0.52%
TXN	A	--0.52%
EQT	B	--0.52%
KLIC	D	--0.53%
LITE	D	--0.54%
WOLF	F	--0.56%
SITM	D	--0.58%
QQQ	C	--0.62%
INTC	F	--0.67%