SMHB vs. PFI ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to PowerShares Dynamic Financial (PFI)

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$6.43

Average Daily Volume

40,651

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFI

PowerShares Dynamic Financial

PFI Description

The PowerShares Dynamic Financial Sector Portfolio (Fund) is based on the Dynamic Financial 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 financial services companies. These are companies that are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$55.26

Average Daily Volume

3,154

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	PFI
30 Days	10.84%	2.62%
60 Days	2.68%	4.62%
90 Days	16.81%	13.46%
12 Months	28.04%	36.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in SMHB	Weight in PFI	Overlap
	SLG	C	4.87%	1.85%	1.85%
	UWMC	D	1.84%	1.32%	1.32%

SMHB Overweight 89 Positions Relative to PFI

Symbol	Grade	Weight
XRX	D	4.09%
DTM	C	3.81%
BXMT	C	3.43%
DSS	F	2.87%
TWO	C	2.87%
CIM	C	2.62%
ETRN	D	2.49%
BDN	C	2.41%
BGS	D	2.41%
SBRA	C	2.38%
EPR	C	2.34%
ABR	B	2.21%
APAM	C	2.02%
PAGP	D	1.88%
UNIT	C	1.86%
ARR	C	1.65%
NHI	C	1.64%
ORC	C	1.51%
CCOI	C	1.51%
PSEC	C	1.47%
IVR	C	1.43%
DEA	D	1.35%
PMT	C	1.35%
MFA	C	1.27%
RWT	C	1.24%
CTRE	C	1.16%
PETS	D	1.13%
MAIN	B	1.09%
HTGC	C	1.03%
ARI	F	1.02%
GNL	D	1.01%
FCPT	C	1.0%
EFC	C	1.0%
PDM	C	0.99%
GSBD	D	0.94%
NEWT	D	0.94%
NYMT	D	0.93%
LTC	C	0.91%
DX	B	0.89%
KREF	C	0.8%
VGR	C	0.79%
NWBI	D	0.77%
GBDC	C	0.73%
CODI	C	0.72%
VNOM	D	0.65%
SCS	D	0.65%
RC	F	0.65%
ACRE	D	0.64%
LADR	D	0.62%
TSLX	B	0.62%
HESM	D	0.59%
UVV	D	0.54%
OCSL	D	0.54%
AROC	D	0.53%
GMRE	C	0.5%
ILPT	D	0.49%
BRSP	D	0.49%
WSR	D	0.46%
ALX	B	0.45%
GTY	C	0.44%
OPI	F	0.4%
RMR	C	0.38%
NMFC	F	0.38%
UHT	C	0.36%
GPMT	D	0.34%
CSWC	C	0.34%
GOOD	B	0.33%
FSP	D	0.29%
TRTX	D	0.29%
TCPC	F	0.27%
AHH	D	0.27%
CGBD	C	0.25%
BCSF	B	0.24%
TPVG	F	0.23%
PFLT	B	0.23%
SLRC	D	0.23%
UVE	C	0.22%
BBDC	B	0.22%
KRO	C	0.2%
EBF	C	0.18%
GAIN	A	0.17%
PNNT	C	0.16%
OLP	C	0.16%
FDUS	C	0.16%
GLAD	A	0.15%
BFS	B	0.14%
TRIN	D	0.12%
CCAP	C	0.1%
REPX	D	0.07%

SMHB Underweight 37 Positions Relative to PFI

Symbol	Grade	Weight
MA	B	-5.16%
ARES	B	-4.46%
KKR	B	-3.97%
JPM	D	-3.72%
APO	B	-3.65%
V	C	-3.37%
BRO	C	-2.98%
FCNCA	D	-2.97%
AXP	B	-2.9%
COOP	C	-2.78%
MMC	C	-2.71%
PGR	C	-2.56%
ACGL	B	-2.49%
PIPR	B	-2.31%
SPG	B	-2.27%
VCTR	B	-2.26%
HOOD	C	-2.25%
PRI	B	-2.19%
RGA	C	-2.13%
HLI	C	-2.13%
JXN	B	-2.12%
IBKR	B	-2.12%
EVR	B	-2.07%
CB	B	-2.04%
JEF	C	-2.01%
SYF	C	-2.01%
AIG	D	-1.89%
BGC	D	-1.78%
MTG	B	-1.74%
RYAN	C	-1.68%
ENVA	C	-1.67%
BPOP	C	-1.62%
SKT	B	-1.6%
OFG	C	-1.54%
HASI	C	-1.51%
OMF	D	-1.42%
CIFR	D	-0.97%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers