PSL vs. CBLS ETF Comparison

Comparison of PowerShares Dynamic Consumer Staples (PSL) to Changebridge Capital Long/Short Equity ETF (CBLS)

PSL

PowerShares Dynamic Consumer Staples

PSL Description

The PowerShares Dynamic Consumer Staples Sector Portfolio (Fund) is based on the Dynamic Consumer Staples 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 consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$107.56

Average Daily Volume

2,465

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.83

Average Daily Volume

2,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSL	CBLS
30 Days	6.20%	4.28%
60 Days	5.94%	5.58%
90 Days	7.10%	5.18%
12 Months	27.80%	35.65%

7 Overlapping Holdings

Symbol	Grade	Weight in PSL	Weight in CBLS	Overlap
COST	A	3.23%	2.64%	2.64%
HSY	F	1.8%	-1.75%	-1.75%
KDP	F	2.63%	-0.5%	-0.5%
KLG	B	1.35%	-0.49%	-0.49%
PEP	F	2.34%	-0.51%	-0.51%
POST	C	1.76%	-0.5%	-0.5%
SCI	B	3.27%	1.92%	1.92%

PSL Overweight 35 Positions Relative to CBLS

Symbol	Grade	Weight
SFM	A	4.04%
CHD	A	3.56%
MO	A	3.56%
CASY	A	3.32%
FRPT	B	3.19%
MNST	C	3.14%
PG	C	2.98%
KR	B	2.97%
USFD	A	2.92%
BRBR	A	2.84%
ATGE	B	2.79%
HRB	D	2.74%
LRN	A	2.68%
PM	B	2.68%
CALM	A	2.61%
BJ	A	2.59%
COKE	C	2.34%
PFGC	B	2.13%
TAP	C	2.08%
LAUR	A	2.07%
INGR	C	2.0%
UNFI	A	1.98%
SYY	D	1.97%
SPB	C	1.96%
MDLZ	F	1.95%
LOPE	C	1.83%
PRDO	B	1.78%
STZ	D	1.76%
WDFC	B	1.69%
VITL	D	1.68%
IPAR	B	1.61%
BFAM	D	1.61%
STRA	C	1.49%
CHEF	A	1.48%
HAIN	D	1.41%

PSL Underweight 56 Positions Relative to CBLS

Symbol	Grade	Weight
NVDA	B	-3.31%
LNG	A	-3.31%
WTTR	A	-3.07%
INTC	C	-2.91%
AMZN	C	-2.83%
GTLS	A	-2.81%
MGNI	B	-2.76%
WMT	A	-2.75%
SKY	A	-2.73%
BWXT	B	-2.7%
ORCL	A	-2.62%
STRL	A	-2.54%
CCL	A	-2.49%
RDDT	A	-2.45%
OSW	B	-2.43%
IBN	C	-2.38%
ECL	D	-2.32%
GD	D	-2.32%
NARI	C	-2.3%
RTX	D	-2.29%
ROL	B	-2.28%
D	C	-2.24%
AER	A	-2.24%
VST	A	-2.23%
SO	C	-2.23%
NEE	C	-2.12%
ERJ	A	-2.12%
HUMA	F	-2.11%
SCHW	B	-2.08%
MC	C	-1.98%
ETR	B	-1.93%
DELL	B	-1.91%
TDG	D	-1.78%
CRSP	D	-0.86%
GIS	D	--0.51%
DOOO	F	--0.9%
TTC	C	--0.93%
R	B	--0.95%
GIII	D	--0.97%
PFE	F	--1.06%
SIG	B	--1.07%
JNJ	C	--1.1%
MRNA	F	--1.15%
MIDD	C	--1.16%
ROK	C	--1.17%
ENR	B	--1.19%
AME	A	--1.2%
NVO	F	--1.3%
LLY	F	--1.37%
F	C	--1.41%
DE	B	--1.45%
HELE	C	--1.71%
VSAT	F	--1.75%
GOGO	C	--1.77%
NOW	A	--1.8%
TSLA	B	--2.63%