XSHQ vs. HAPS ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to Harbor Corporate Culture Small Cap ETF (HAPS)

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$45.70

Average Daily Volume

51,987

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

HAPS

Harbor Corporate Culture Small Cap ETF

HAPS Description

The fund invests at least 80% of its total assets in securities that are included in the index. The index consists of a modified market capitalization-weighted portfolio of equity securities of approximately 200 small cap U.S. companies identified by Irrational Capital LLC those it believes to possess strong corporate culture based on its proprietary scoring methodology.

Grade (RS Rating)

Last Trade

$30.70

Average Daily Volume

121

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	HAPS
30 Days	4.46%	3.91%
60 Days	6.14%	3.93%
90 Days	11.06%	9.47%
12 Months	26.95%	24.53%

13 Overlapping Holdings

Symbol	Grade	Weight in XSHQ	Weight in HAPS	Overlap
ATEN	A	0.42%	0.15%	0.15%
AWI	A	2.57%	2.18%	2.18%
BKE	B	0.7%	0.49%	0.49%
CASH	B	0.74%	0.43%	0.43%
CENTA	C	0.52%	0.33%	0.33%
COLL	F	0.38%	0.51%	0.38%
CSGS	B	0.44%	0.21%	0.21%
MCY	B	0.54%	0.38%	0.38%
OXM	F	0.35%	0.28%	0.28%
PLMR	A	0.78%	0.5%	0.5%
POWL	C	1.44%	0.98%	0.98%
RDN	D	1.33%	1.1%	1.1%
USNA	C	0.11%	0.25%	0.11%

XSHQ Overweight 101 Positions Relative to HAPS

Symbol	Grade	Weight
MLI	B	4.25%
JXN	C	3.19%
KTB	B	2.13%
APAM	B	2.07%
BMI	B	1.98%
PJT	B	1.92%
CORT	B	1.92%
ALKS	C	1.92%
JBT	A	1.8%
IBP	D	1.74%
LNC	B	1.71%
BCC	C	1.64%
FSS	B	1.6%
FTDR	A	1.58%
WDFC	B	1.58%
SIG	C	1.51%
BCPC	B	1.46%
CEIX	B	1.4%
SM	C	1.36%
IDCC	B	1.33%
AX	B	1.32%
MHO	D	1.3%
FELE	B	1.26%
CRVL	A	1.24%
AGO	A	1.21%
CNS	B	1.2%
ASO	F	1.15%
FBP	B	1.14%
AGYS	A	1.14%
TBBK	B	1.11%
GMS	B	1.1%
BRC	C	1.08%
AMR	C	1.06%
ARCH	B	1.05%
DORM	B	1.03%
HP	C	1.02%
CATY	B	0.98%
AEO	F	0.98%
NMIH	C	0.94%
OTTR	C	0.89%
LCII	C	0.85%
EPAC	B	0.85%
PAYO	A	0.84%
SHOO	D	0.84%
UE	B	0.81%
PATK	C	0.79%
IOSP	C	0.77%
ROCK	D	0.71%
APOG	B	0.7%
YELP	C	0.7%
OFG	B	0.61%
IPAR	B	0.61%
SXI	B	0.6%
PRG	B	0.59%
HWKN	B	0.58%
WOR	F	0.58%
CENX	B	0.58%
DFIN	D	0.56%
ANDE	F	0.55%
CHCO	B	0.54%
TNC	F	0.54%
WS	B	0.53%
WABC	B	0.52%
KLG	D	0.52%
BANF	B	0.51%
LKFN	B	0.51%
ASTH	F	0.5%
GIII	F	0.49%
NHC	C	0.48%
AMWD	B	0.47%
GRBK	D	0.47%
FIZZ	C	0.45%
WT	A	0.44%
PLAB	C	0.43%
DNOW	B	0.43%
VRTS	B	0.43%
PDCO	F	0.43%
TILE	A	0.42%
AMSF	B	0.41%
PFBC	B	0.4%
GDEN	B	0.39%
STAA	F	0.39%
LNN	B	0.37%
HRMY	F	0.37%
CAL	F	0.36%
EIG	B	0.36%
WNC	D	0.35%
MCRI	A	0.35%
HCI	C	0.31%
LPG	F	0.31%
JBSS	F	0.29%
REX	D	0.27%
MNRO	D	0.23%
PCRX	C	0.22%
IIIN	C	0.22%
CVI	D	0.18%
LQDT	B	0.16%
SLP	F	0.14%
RES	D	0.13%
GES	F	0.12%
NPK	C	0.11%

XSHQ Underweight 166 Positions Relative to HAPS

Symbol	Grade	Weight
CBT	C	-2.02%
PECO	B	-1.99%
MOG.A	B	-1.91%
ACLX	C	-1.89%
RYTM	C	-1.76%
EAT	A	-1.72%
APLE	B	-1.71%
PTCT	B	-1.63%
LOPE	B	-1.58%
AGIO	C	-1.55%
AVT	C	-1.53%
REZI	A	-1.42%
NUVL	D	-1.39%
HLNE	B	-1.37%
KYMR	D	-1.32%
HRI	C	-1.32%
TNL	B	-1.3%
KBH	D	-1.26%
NSA	C	-1.26%
GVA	A	-1.25%
TEX	D	-1.24%
OGS	A	-1.24%
KOS	D	-1.2%
PIPR	B	-1.17%
MC	B	-1.14%
TPG	A	-1.13%
SR	A	-1.11%
YETI	D	-1.02%
LBRT	F	-1.0%
CPA	A	-0.96%
SGRY	F	-0.95%
IVT	A	-0.94%
NSP	F	-0.9%
BROS	A	-0.9%
NTLA	F	-0.86%
AIN	C	-0.8%
CAKE	B	-0.79%
PSMT	D	-0.78%
LAUR	A	-0.77%
BHF	B	-0.75%
FHB	B	-0.74%
ALTR	B	-0.74%
SXT	C	-0.73%
DK	D	-0.72%
UPWK	C	-0.71%
WD	D	-0.71%
HURN	B	-0.69%
STEP	B	-0.69%
ACIW	B	-0.68%
GSAT	C	-0.66%
TRIP	F	-0.64%
AUR	C	-0.62%
WAFD	B	-0.62%
BOX	B	-0.62%
APPF	C	-0.6%
TARS	C	-0.6%
WK	C	-0.57%
CCS	F	-0.57%
BFH	B	-0.57%
KURA	F	-0.56%
FRME	B	-0.56%
ALGT	C	-0.55%
PI	D	-0.55%
JBGS	D	-0.55%
CMPR	F	-0.54%
BANR	B	-0.54%
LGIH	F	-0.51%
MD	C	-0.5%
UPST	B	-0.5%
TOWN	B	-0.49%
IRWD	F	-0.49%
TROX	D	-0.49%
FLYW	B	-0.48%
EFSC	B	-0.47%
TRMK	B	-0.47%
FORM	F	-0.45%
FROG	C	-0.45%
WSBC	B	-0.44%
TDC	D	-0.44%
AESI	B	-0.44%
PRVA	C	-0.43%
ALRM	C	-0.43%
CRAI	B	-0.42%
SCSC	B	-0.41%
NNI	D	-0.4%
IDT	B	-0.4%
SCS	B	-0.39%
WGO	D	-0.39%
PRGS	B	-0.38%
SONO	C	-0.38%
LOB	C	-0.37%
CSTL	D	-0.35%
VERX	A	-0.35%
VBTX	B	-0.35%
AMN	F	-0.35%
KFRC	D	-0.35%
RPD	C	-0.34%
UAA	C	-0.33%
HTH	C	-0.32%
PAR	A	-0.31%
ZETA	D	-0.31%
RYI	C	-0.3%
RGNX	D	-0.29%
DOLE	D	-0.29%
VIAV	C	-0.29%
ENV	B	-0.28%
OPEN	F	-0.27%
EXPI	C	-0.27%
KOP	C	-0.27%
BRZE	C	-0.27%
DOCN	D	-0.26%
EXTR	C	-0.26%
OCFC	B	-0.26%
BZH	C	-0.25%
CARG	B	-0.25%
CALX	F	-0.24%
INTA	A	-0.23%
SPT	C	-0.23%
CGEM	F	-0.23%
OBK	B	-0.22%
VERV	D	-0.21%
SPTN	F	-0.21%
INFN	D	-0.2%
PSCF	B	-0.2%
SDGR	C	-0.19%
FWRG	C	-0.19%
SAGE	F	-0.18%
PRA	B	-0.17%
CARS	C	-0.17%
BY	B	-0.17%
ARLO	C	-0.17%
ASAN	C	-0.17%
LMB	A	-0.17%
ALKT	B	-0.16%
AMCX	C	-0.16%
MBIN	F	-0.15%
CERT	F	-0.15%
AGS	A	-0.14%
FC	F	-0.14%
COUR	F	-0.13%
VSAT	F	-0.12%
UDMY	D	-0.12%
GDYN	C	-0.12%
YEXT	B	-0.12%
HSTM	B	-0.11%
ALTG	C	-0.1%
BASE	C	-0.1%
NABL	F	-0.1%
RGP	F	-0.1%
HVT	F	-0.1%
ZIP	D	-0.09%
MITK	D	-0.09%
CHGG	C	-0.09%
BIGC	C	-0.08%
NEWT	B	-0.08%
ENFN	B	-0.08%
HCAT	F	-0.07%
IRBT	F	-0.06%
EB	C	-0.06%
SAVE	F	-0.05%
SEMR	C	-0.04%
HMST	F	-0.04%
GPRO	F	-0.04%
DOMO	C	-0.04%
VRA	D	-0.03%
RMAX	D	-0.03%