PSP vs. IPO ETF Comparison

Comparison of PowerShares Listed Private Equity (PSP) to Renaissance IPO ETF (IPO)
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

$67.28

Average Daily Volume

12,661

Number of Holdings *

26

* may have additional holdings in another (foreign) market
IPO

Renaissance IPO ETF

IPO Description The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.74

Average Daily Volume

25,678

Number of Holdings *

17

* may have additional holdings in another (foreign) market
Performance
Period PSP IPO
30 Days -0.18% 6.63%
60 Days 3.71% 7.13%
90 Days 10.94% 20.85%
12 Months 49.98% 50.80%
1 Overlapping Holdings
Symbol Grade Weight in PSP Weight in IPO Overlap
TPG A 6.17% 3.78% 3.78%
PSP Overweight 25 Positions Relative to IPO
Symbol Grade Weight
BX B 5.4%
KKR B 5.38%
CG B 4.64%
OWL B 4.0%
ARCC B 3.15%
HLNE B 2.8%
STEP B 2.44%
GHC A 1.21%
IAC F 1.18%
BBUC B 1.08%
FSK B 0.95%
GBDC B 0.73%
BXSL A 0.73%
CODI C 0.7%
PX B 0.51%
MAIN A 0.49%
HTGC B 0.49%
CNNE A 0.46%
CSWC D 0.24%
TSLX C 0.23%
SLRC B 0.23%
BCSF A 0.23%
BBDC C 0.23%
NMFC F 0.22%
GSBD D 0.22%
PSP Underweight 16 Positions Relative to IPO
Symbol Grade Weight
ARM B -10.42%
NU A -9.54%
KVUE A -9.11%
RIVN F -5.76%
CRBG A -5.61%
GTLB C -4.46%
HCP A -3.3%
GFS F -2.75%
RBRK A -1.52%
BRZE F -1.37%
BIRK F -1.37%
RDDT A -1.34%
INFA B -1.21%
FLNC A -0.89%
BLCO B -0.58%
ZK A -0.31%
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