REIT vs. PSCF ETF Comparison

Comparison of ALPS Active REIT ETF (REIT) to PowerShares S&P SmallCap Financials Portfolio (PSCF)

REIT

ALPS Active REIT ETF

REIT Description

The investment seeks total return through dividends and capital appreciation. The fund will, under normal circumstances, seek to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of REITs. It will primarily invest in publicly traded common equity securities of U.S. REITs. The fund may also invest a portion of its assets in publicly traded common equity of U.S. real estate operating companies (not structured as REITs), publicly traded preferred equity of U.S. REITs and real estate operating companies, and cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$24.26

Average Daily Volume

5,202

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCF

PowerShares S&P SmallCap Financials Portfolio

PSCF Description

The PowerShares S&P SmallCap Financials Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Financials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US financial services companies. These companies are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$46.93

Average Daily Volume

1,159

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

Performance

Period	REIT	PSCF
30 Days	-3.04%	0.32%
60 Days	-5.81%	0.21%
90 Days	-4.41%	1.17%
12 Months	3.56%	21.05%

5 Overlapping Holdings

Symbol	Grade	Weight in REIT	Weight in PSCF	Overlap
EPRT	A	2.55%	1.41%	1.41%
HIW	A	2.09%	0.96%	0.96%
LXP	D	3.95%	0.86%	0.86%
MAC	D	2.53%	1.19%	1.19%
ROIC	D	1.53%	0.53%	0.53%

REIT Overweight 23 Positions Relative to PSCF

Symbol	Grade	Weight
EQIX	F	8.78%
VICI	C	6.62%
AVB	A	6.1%
PSA	D	5.64%
INVH	B	5.12%
SPG	D	4.94%
WELL	A	4.22%
PLD	D	3.91%
EQR	A	3.61%
O	A	3.28%
DLR	C	3.19%
STAG	D	2.95%
FR	D	2.79%
BNL	B	2.76%
EXR	C	2.64%
ELS	D	2.53%
PK	D	2.43%
KRC	C	2.31%
BRX	B	2.21%
OHI	B	2.11%
COLD	F	2.04%
DOC	A	1.71%
ESRT	C	1.46%

REIT Underweight 153 Positions Relative to PSCF

Symbol	Grade	Weight
COOP	B	-1.76%
JXN	A	-1.7%
LNC	D	-1.64%
RDN	B	-1.6%
AGO	D	-1.47%
PECO	D	-1.37%
AEL	A	-1.21%
MC	C	-1.15%
SLG	A	-1.15%
CTRE	A	-1.11%
APLE	F	-1.1%
BGC	A	-1.09%
ABCB	A	-1.08%
WD	B	-1.08%
SKT	C	-1.06%
BXMT	F	-1.06%
UCBI	B	-1.05%
PIPR	A	-1.04%
FBP	A	-1.01%
SFBS	C	-1.0%
AUB	C	-1.0%
MPW	B	-0.99%
APAM	C	-0.99%
HASI	D	-0.98%
GNW	B	-0.95%
FULT	A	-0.95%
IIPR	A	-0.95%
FHB	A	-0.94%
WSFS	A	-0.9%
AX	A	-0.9%
NMIH	A	-0.87%
CATY	D	-0.87%
SITC	C	-0.85%
EVTC	F	-0.85%
ABR	B	-0.84%
OUT	B	-0.8%
CBU	C	-0.8%
BOH	C	-0.79%
DEI	A	-0.79%
CVBF	C	-0.75%
INDB	C	-0.75%
SFNC	D	-0.75%
FCPT	B	-0.74%
PPBI	C	-0.73%
SHO	D	-0.73%
FFBC	A	-0.73%
PJT	B	-0.73%
JOE	A	-0.72%
BKU	A	-0.7%
SNEX	A	-0.69%
PLMR	B	-0.68%
SBCF	B	-0.68%
BANC	C	-0.67%
UE	A	-0.67%
DRH	D	-0.66%
PRK	A	-0.66%
WAFD	B	-0.64%
TRMK	A	-0.63%
ENVA	B	-0.62%
CNS	D	-0.62%
AKR	B	-0.62%
PEB	F	-0.62%
OFG	A	-0.59%
STC	A	-0.59%
RNST	B	-0.57%
NBTB	A	-0.57%
CWK	B	-0.57%
TBBK	F	-0.57%
DFIN	B	-0.54%
BANR	B	-0.53%
PRG	B	-0.53%
VRTS	D	-0.52%
LKFN	C	-0.52%
HMN	A	-0.52%
CHCO	A	-0.52%
XHR	D	-0.51%
MCY	A	-0.49%
NATL	B	-0.48%
GSHD	D	-0.48%
RC	D	-0.48%
ARI	F	-0.48%
UNIT	B	-0.47%
FCF	A	-0.47%
NWBI	D	-0.47%
GNL	D	-0.47%
IBTX	F	-0.47%
HTH	B	-0.47%
GTY	B	-0.46%
LTC	A	-0.46%
JBGS	F	-0.46%
CUBI	D	-0.46%
FBK	A	-0.45%
CASH	A	-0.45%
WABC	A	-0.44%
FBNC	F	-0.44%
NAVI	F	-0.44%
BANF	A	-0.44%
NBHC	B	-0.43%
PMT	A	-0.42%
HOPE	D	-0.41%
ALEX	B	-0.41%
SAFT	A	-0.4%
STBA	A	-0.4%
PFS	B	-0.39%
EIG	D	-0.38%
DEA	B	-0.38%
VBTX	A	-0.37%
SPNT	D	-0.37%
SVC	F	-0.36%
AAT	A	-0.36%
KW	B	-0.35%
CSR	A	-0.34%
ECPG	D	-0.34%
PFBC	A	-0.33%
EFC	B	-0.32%
BHLB	A	-0.32%
PRAA	C	-0.32%
TRUP	D	-0.3%
AMSF	F	-0.3%
MMI	D	-0.27%
HCI	B	-0.27%
SBSI	F	-0.27%
EXPI	D	-0.27%
BDN	A	-0.27%
BRKL	F	-0.26%
RWT	C	-0.26%
HPP	F	-0.26%
NXRT	B	-0.26%
AHH	B	-0.25%
BSIG	B	-0.25%
DCOM	B	-0.23%
INN	C	-0.23%
AMBC	C	-0.23%
PRA	B	-0.23%
RILY	B	-0.22%
CHCT	F	-0.22%
CFFN	D	-0.21%
HFWA	B	-0.21%
EGBN	F	-0.2%
EZPW	B	-0.2%
WSR	B	-0.19%
CPF	A	-0.19%
KREF	D	-0.19%
TMP	D	-0.19%
TRST	B	-0.18%
WRLD	A	-0.17%
CLDT	F	-0.16%
UHT	C	-0.16%
BFS	B	-0.16%
UFCS	A	-0.16%
HAFC	B	-0.16%
GDOT	C	-0.14%
NFBK	D	-0.11%