WBIY vs. PEY ETF Comparison

Comparison of WBI Power Factor High Dividend ETF (WBIY) to PowerShares High Yield Dividend Achievers (PEY)

WBIY

WBI Power Factor High Dividend ETF

WBIY Description

The investment seeks long term-capital appreciation while also seeking to protect principal during unfavorable market conditions. The fund will seek to achieve its investment objective by using a broad and flexible investment strategy and may invest directly in different types of instruments, such as: stocks and bonds issued by public and private companies and bonds issued by governments and governmental agencies ("Direct Investments"); and shares of funds that invest directly in such instruments. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.17

Average Daily Volume

11,270

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PEY

PowerShares High Yield Dividend Achievers

PEY Description

The PowerShares High Yield Equity Dividend Achievers Portfolio (Fund) is based on the NASDAQ US Dividend AchieversTM 50 Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Mergent Dividend Achievers 50 Index to NASDAQ Dividend Achievers 50 Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$20.10

Average Daily Volume

265,792

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIY	PEY
30 Days	-3.65%	-0.39%
60 Days	1.38%	2.79%
90 Days	2.86%	0.75%
12 Months	23.45%	10.72%

13 Overlapping Holdings

Symbol	Grade	Weight in WBIY	Weight in PEY	Overlap
BBY	D	4.57%	1.6%	1.6%
BKH	B	1.03%	1.95%	1.03%
BMY	F	4.72%	1.68%	1.68%
FIBK	B	0.46%	2.76%	0.46%
KEY	C	2.51%	2.3%	2.3%
LYB	D	4.73%	1.89%	1.89%
MO	A	4.95%	3.77%	3.77%
NWN	B	0.47%	2.13%	0.47%
PNC	A	0.76%	1.72%	0.76%
PRU	C	0.83%	1.83%	0.83%
RF	B	2.05%	2.01%	2.01%
USB	C	0.83%	1.74%	0.83%
VZ	D	4.68%	2.49%	2.49%

WBIY Overweight 37 Positions Relative to PEY

Symbol	Grade	Weight
KSS	F	5.06%
F	C	5.01%
D	A	4.92%
T	C	4.9%
OKE	C	4.85%
WHR	F	4.83%
KMI	A	4.82%
DOW	C	4.7%
CAG	B	4.68%
CFG	A	2.61%
KHC	B	2.27%
CBRL	F	1.66%
OGN	B	1.44%
HESM	C	1.07%
COLB	C	1.05%
CVI	F	1.03%
WU	C	0.98%
VLY	D	0.96%
JXN	A	0.86%
OMF	A	0.83%
HBAN	A	0.82%
TNL	D	0.82%
FITB	A	0.78%
SNV	C	0.74%
ZION	A	0.73%
CWEN	B	0.71%
FNF	A	0.7%
ASB	A	0.51%
VIRT	A	0.35%
CVBF	D	0.29%
FULT	A	0.29%
BRY	B	0.25%
PFS	B	0.2%
SFNC	D	0.17%
EGBN	F	0.14%
HOPE	D	0.13%
SASR	D	0.13%

WBIY Underweight 36 Positions Relative to PEY

Symbol	Grade	Weight
LEG	F	-3.04%
UVV	B	-2.75%
WBA	F	-2.55%
TFC	A	-2.52%
MMM	A	-2.49%
UGI	C	-2.46%
PM	A	-2.41%
PFE	D	-2.35%
AVA	B	-2.3%
NWE	B	-2.16%
PNW	B	-2.13%
EVRG	B	-2.03%
OGE	A	-2.02%
SR	B	-1.97%
ALE	A	-1.96%
TDS	D	-1.94%
POR	B	-1.94%
PRGO	B	-1.89%
WSBC	D	-1.82%
ES	B	-1.82%
FLO	B	-1.75%
TRN	A	-1.71%
KMB	A	-1.69%
MAN	B	-1.67%
CVX	B	-1.67%
UPS	F	-1.66%
K	B	-1.65%
INDB	C	-1.64%
TROW	D	-1.61%
UBSI	D	-1.6%
BEN	F	-1.56%
IPG	F	-1.54%
EMN	A	-1.52%
CCOI	F	-1.43%
HPQ	D	-1.42%
SWK	F	-1.4%