PSP vs. HAPS ETF Comparison

Comparison of PowerShares Listed Private Equity (PSP) to Harbor Corporate Culture Small Cap ETF (HAPS)

PSP

PowerShares Listed Private Equity

PSP Description

The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$63.16

Average Daily Volume

22,218

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HAPS

Harbor Corporate Culture Small Cap ETF

HAPS Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 200 small cap U.S. companies identified by Irrational Capital LLC those it believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$26.45

Average Daily Volume

3,382

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSP	HAPS
30 Days	-3.66%	-5.91%
60 Days	-1.71%	-5.47%
90 Days	2.64%	-2.27%
12 Months	31.02%	7.67%

1 Overlapping Holdings

	Symbol	Grade	Weight in PSP	Weight in HAPS	Overlap
	TPG	C	4.66%	1.82%	1.82%

PSP Overweight 26 Positions Relative to HAPS

Symbol	Grade	Weight
KKR	C	4.68%
BX	D	4.63%
CG	D	4.59%
ARCC	A	3.11%
OWL	A	2.89%
HLNE	A	1.99%
STEP	B	1.3%
GHC	C	1.29%
FSK	A	1.28%
IAC	F	1.09%
BXSL	A	1.08%
CODI	D	1.01%
MAIN	A	0.81%
PAX	D	0.71%
BBUC	D	0.71%
CNNE	D	0.69%
GBDC	A	0.55%
HTGC	A	0.53%
CSWC	A	0.27%
GSBD	A	0.26%
SLRC	A	0.26%
BCSF	A	0.26%
NMFC	A	0.25%
TSLX	A	0.25%
BBDC	A	0.24%
PX	F	0.23%

PSP Underweight 9 Positions Relative to HAPS

Symbol	Grade	Weight
BPMC	A	-1.99%
AZEK	C	-1.86%
CBT	B	-1.8%
IOT	B	-1.63%
MOG.A	A	-1.61%
NSP	B	-1.58%
AWI	D	-1.54%
LBRT	B	-1.54%
NSA	C	-1.48%