QVAL vs. PRN ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to PowerShares Dynamic Industrials (PRN)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.86

Average Daily Volume

23,670

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$131.88

Average Daily Volume

12,093

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	PRN
30 Days	-5.15%	-5.65%
60 Days	1.02%	-2.82%
90 Days	4.06%	6.94%
12 Months	32.96%	38.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in QVAL	Weight in PRN	Overlap
	UFPI	D	1.94%	1.71%	1.71%

QVAL Overweight 48 Positions Relative to PRN

Symbol	Grade	Weight
SNX	A	2.25%
LBRT	B	2.25%
DAL	A	2.15%
BG	B	2.15%
WFRD	B	2.15%
ELV	A	2.12%
SIG	D	2.11%
OMC	A	2.08%
AMR	D	2.08%
CRC	D	2.07%
ARCH	D	2.07%
ARW	B	2.06%
INSW	A	2.05%
CCK	B	2.05%
MUSA	B	2.05%
PSX	D	2.04%
SM	B	2.04%
ALSN	D	2.04%
MO	A	2.02%
OC	A	2.02%
HAL	D	2.02%
AGCO	D	2.02%
SKX	A	2.0%
T	B	2.0%
VLO	B	2.0%
TPH	A	1.99%
TEX	D	1.99%
CSCO	D	1.98%
IPG	F	1.98%
UTHR	A	1.98%
THC	A	1.95%
PHM	B	1.95%
CEIX	F	1.94%
GPK	D	1.93%
CMCSA	F	1.92%
SNA	D	1.9%
CVI	F	1.9%
CTSH	D	1.9%
LEA	F	1.9%
TOL	B	1.9%
HPQ	D	1.9%
APA	F	1.89%
TMHC	C	1.88%
BBY	D	1.86%
DHI	D	1.84%
MOH	F	1.81%
CROX	D	1.8%
CRI	F	1.79%

QVAL Underweight 39 Positions Relative to PRN

Symbol	Grade	Weight
CTAS	A	-4.03%
HEI	A	-3.93%
HUBB	D	-3.61%
VRT	A	-3.61%
FIX	D	-3.59%
CPRT	C	-3.51%
AME	C	-3.44%
PWR	A	-3.3%
TT	A	-3.2%
BLDR	C	-3.17%
SAIA	F	-3.08%
GWW	D	-3.01%
URI	D	-2.73%
TDG	A	-2.63%
GGG	D	-2.5%
PKG	D	-2.44%
CSL	A	-2.43%
ETN	B	-2.42%
STRL	D	-2.34%
XPO	D	-2.34%
HWM	B	-2.22%
WIRE	A	-2.14%
AXON	B	-2.12%
HRI	D	-2.12%
ARCB	F	-2.01%
BCC	D	-2.0%
DY	A	-1.99%
MYRG	C	-1.95%
CBZ	D	-1.9%
CSWI	A	-1.83%
IESC	A	-1.8%
GFF	C	-1.77%
GMS	C	-1.76%
APG	B	-1.74%
RUSHA	F	-1.58%
AIT	D	-1.57%
CMPR	D	-1.42%
HEES	F	-1.34%
AMSC	C	-1.27%