RINC vs. KBWD ETF Comparison

Comparison of AXS Real Estate Income ETF (RINC) to PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD)

RINC

AXS Real Estate Income ETF

RINC Description

The fund uses a "passive management" approach to track the performance, before fees and expenses, of the index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in the component securities of the index. The index consists primarily of common stocks of U.S. publicly traded real estate investment trusts that focus on owning commercial and residential mortgages and mortgage-backed securities and to a lesser extent, publicly traded closed-end funds. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.06

Average Daily Volume

4,055

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWD

PowerShares KBW High Dividend Yield Financial Portfolio ETF

KBWD Description

The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$15.20

Average Daily Volume

175,816

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RINC	KBWD
30 Days	-1.28%	1.45%
60 Days	-6.77%	0.02%
90 Days	-2.44%	3.41%
12 Months	4.91%	16.66%

7 Overlapping Holdings

Symbol	Grade	Weight in RINC	Weight in KBWD	Overlap
AGNC	C	3.55%	3.51%	3.51%
ARI	C	4.6%	3.04%	3.04%
DX	B	3.85%	3.25%	3.25%
EFC	D	4.19%	2.94%	2.94%
KREF	D	4.34%	2.15%	2.15%
RC	D	4.32%	3.3%	3.3%
TRTX	B	4.91%	2.78%	2.78%

RINC Overweight 9 Positions Relative to KBWD

Symbol	Grade	Weight
BRSP	C	5.17%
LADR	B	4.72%
ABR	C	4.68%
FBRT	C	4.67%
STWD	C	4.56%
BXMT	C	4.37%
RWT	D	4.1%
CMTG	D	4.09%
PMT	D	3.54%

RINC Underweight 23 Positions Relative to KBWD

Symbol	Grade	Weight
TRIN	A	-3.92%
FSK	A	-3.86%
TCPC	C	-3.8%
ACRE	B	-3.75%
PNNT	B	-3.22%
FDUS	A	-3.19%
GSBD	F	-3.08%
PSEC	D	-3.08%
EGBN	B	-2.91%
BBDC	A	-2.72%
OMF	A	-2.5%
CSWC	D	-2.23%
TPVG	C	-2.23%
WASH	B	-2.18%
APAM	B	-2.1%
WU	F	-1.79%
FIBK	A	-1.74%
LNC	B	-1.63%
NWBI	B	-1.63%
KEY	B	-1.44%
JHG	B	-1.35%
PRU	B	-1.19%
JXN	C	-0.93%