QQQN vs. PSP ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to PowerShares Listed Private Equity (PSP)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$28.25

Average Daily Volume

25,414

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$65.03

Average Daily Volume

20,303

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	PSP
30 Days	-2.62%	-0.41%
60 Days	-4.24%	0.66%
90 Days	3.30%	6.17%
12 Months	14.59%	33.32%

0 Overlapping Holdings

	Symbol	Grade	Weight in QQQN	Weight in PSP	Overlap

QQQN Overweight 47 Positions Relative to PSP

Symbol	Grade	Weight
SMCI	D	4.1%
MPWR	B	3.73%
TSCO	B	3.35%
EBAY	C	3.05%
ICLR	D	2.88%
WDC	B	2.64%
ALGN	F	2.63%
AXON	B	2.63%
PTC	D	2.45%
STLD	D	2.4%
NTAP	B	2.37%
DKNG	D	2.31%
ENTG	D	2.26%
ULTA	F	2.24%
FSLR	B	2.16%
ALNY	D	2.05%
STX	C	2.04%
HOLX	C	2.02%
VRSN	F	2.01%
EXPE	F	2.01%
CHKP	D	2.0%
TER	B	1.98%
UAL	B	1.96%
JBHT	D	1.9%
SWKS	F	1.89%
ZM	D	1.81%
AKAM	D	1.75%
BSY	A	1.75%
BMRN	F	1.73%
SSNC	C	1.72%
ENPH	F	1.72%
NTNX	C	1.7%
NDSN	C	1.69%
OKTA	D	1.65%
POOL	D	1.61%
VTRS	D	1.56%
BIDU	C	1.54%
SNY	C	1.53%
NBIX	B	1.53%
MANH	D	1.46%
PODD	C	1.32%
INCY	D	1.31%
NWSA	D	1.04%
RIVN	F	0.99%
FOXA	B	0.85%
FOX	B	0.77%
NWS	D	0.54%

QQQN Underweight 27 Positions Relative to PSP

Symbol	Grade	Weight
KKR	C	-4.72%
TPG	C	-4.66%
BX	D	-4.46%
CG	D	-4.05%
ARCC	A	-3.08%
OWL	C	-2.8%
HLNE	B	-2.03%
STEP	A	-1.33%
GHC	C	-1.31%
FSK	B	-1.27%
IAC	C	-1.19%
BXSL	A	-1.09%
CODI	D	-0.93%
MAIN	A	-0.83%
BBUC	D	-0.7%
CNNE	D	-0.68%
PAX	F	-0.65%
GBDC	B	-0.55%
HTGC	A	-0.54%
BCSF	B	-0.27%
CSWC	A	-0.27%
GSBD	A	-0.26%
SLRC	A	-0.26%
NMFC	B	-0.25%
TSLX	B	-0.25%
BBDC	B	-0.24%
PX	F	-0.22%