SMHX vs. PSI ETF Comparison

Comparison of VanEck Fabless Semiconductor ETF (SMHX) to PowerShares Dynamic Semiconductors (PSI)

SMHX

VanEck Fabless Semiconductor ETF

SMHX Description

The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.49

Average Daily Volume

30,191

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSI

PowerShares Dynamic Semiconductors

PSI Description

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating 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 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$56.38

Average Daily Volume

96,685

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHX	PSI
30 Days	1.55%	-0.25%
60 Days	10.16%	2.75%
90 Days		-3.43%
12 Months		28.48%

7 Overlapping Holdings

Symbol	Grade	Weight in SMHX	Weight in PSI	Overlap
AVGO	D	14.4%	5.41%	5.41%
CRUS	D	2.98%	2.03%	2.03%
MPWR	F	2.57%	1.79%	1.79%
NVDA	B	22.39%	5.76%	5.76%
PI	D	2.72%	3.07%	2.72%
QCOM	F	4.39%	4.99%	4.39%
SMTC	B	1.4%	3.45%	1.4%

SMHX Overweight 14 Positions Relative to PSI

Symbol	Grade	Weight
SNPS	B	5.08%
MRVL	B	4.87%
CDNS	B	4.6%
AMD	F	4.13%
ARM	F	3.9%
RMBS	B	3.62%
LSCC	D	2.92%
POWI	F	2.25%
SLAB	F	1.89%
AMBA	B	1.67%
SIMO	D	1.55%
ALGM	D	1.54%
SITM	B	1.47%
SYNA	C	1.47%

SMHX Underweight 19 Positions Relative to PSI

Symbol	Grade	Weight
MU	D	-5.25%
TXN	C	-5.19%
ADI	D	-4.77%
AMAT	F	-4.6%
LRCX	F	-4.53%
MTSI	B	-3.39%
ACMR	D	-2.88%
PLAB	C	-2.87%
ICHR	C	-2.85%
UCTT	D	-2.72%
MKSI	C	-2.62%
NXPI	D	-2.5%
ENTG	D	-2.48%
AOSL	C	-2.34%
SWKS	F	-2.24%
AMKR	D	-2.21%
ONTO	F	-2.21%
KLAC	F	-2.2%
FORM	D	-2.15%