PSRU vs. FNCL ETF Comparison

Comparison of PowerShares FTSE RAFI UK 100 UCITS ETF (PSRU) to SPDR® MSCI Europe Financials UCITS ETF (FNCL)

PSRU

PowerShares FTSE RAFI UK 100 UCITS ETF

PSRU Description

The investment seeks to track the price and performance yield, before fees and expenses, of the FTSE RAFI UK 100 index. The fund will achieve this by holding the shares from the index and their respective weightings, subject to the investment restrictions. It will invest in swaps and swaptions, options, FDIs, and in order to gain exposure to the components of the index or for cash management purposes, hold ancillary liquid assets such as cash, commercial paper and money market obligations such as short and medium-term treasury bills and treasury notes certificates of deposit, bankers’ acceptances, and variable and floating rate instruments which are either of investment grade or are issued or guaranteed by a national government or its agencies.

Grade (RS Rating)

Last Trade

£1,184.20

Average Daily Volume

2,829

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNCL

SPDR® MSCI Europe Financials UCITS ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

£80.14

Average Daily Volume

1,174

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PSRU	FNCL
30 Days	3.76%	0.26%
60 Days	5.04%	7.46%
90 Days	8.16%	11.00%
12 Months	0.72%	20.91%

15 Overlapping Holdings

Symbol	Grade	Weight in PSRU	Weight in FNCL	Overlap
ABDN	F	0.26%	0.16%	0.16%
ADM	A	0.25%	0.45%	0.25%
AV	C	1.21%	0.84%	0.84%
BARC	B	3.39%	1.73%	1.73%
HSBA	A	7.02%	7.39%	7.02%
III	A	0.72%	1.71%	0.72%
LGEN	C	1.28%	0.95%	0.95%
LLOY	B	2.86%	2.05%	2.05%
LSEG	C	0.81%	2.47%	0.81%
MNG	F	0.58%	0.31%	0.31%
PHNX	D	0.27%	0.26%	0.26%
PRU	D	0.96%	1.28%	0.96%
SDR	F	0.15%	0.19%	0.15%
STAN	C	1.37%	0.94%	0.94%
STJ	F	0.16%	0.16%	0.16%

PSRU Overweight 83 Positions Relative to FNCL

Symbol	Grade	Weight
SHEL	B	11.28%
BP	B	7.81%
GLEN	A	6.77%
BATS	F	4.58%
RIO	A	3.7%
VOD	F	3.34%
ULVR	F	3.14%
AZN	A	2.67%
AAL	A	2.58%
GSK	D	2.36%
NG	C	2.05%
TSCO	C	1.86%
DGE	D	1.27%
IMB	D	1.16%
BA	B	1.12%
BT.A	F	0.96%
SSE	B	0.88%
CPG	D	0.84%
REL	C	0.75%
RKT	F	0.71%
SBRY	B	0.67%
HLN	F	0.67%
KGF	A	0.58%
AHT	B	0.55%
WPP	A	0.55%
CNA	C	0.49%
SKG	B	0.48%
MNDI	D	0.47%
DCC	D	0.42%
PSN	C	0.42%
IAG	A	0.4%
JMAT	B	0.4%
SMDS	B	0.39%
RR	B	0.37%
EXPN	D	0.37%
MKS	B	0.36%
BDEV	F	0.36%
ABF	A	0.34%
TW	D	0.32%
SGRO	D	0.31%
DLG	B	0.31%
BNZL	D	0.31%
FLTR	D	0.29%
PSON	C	0.28%
TUI	C	0.28%
ANTO	A	0.27%
SN	F	0.27%
INF	D	0.26%
UU	D	0.26%
NXT	B	0.25%
RTO	D	0.24%
IDS	B	0.23%
LAND	D	0.23%
CYBG	B	0.23%
ITV	B	0.22%
BME	D	0.22%
INCH	A	0.21%
ITRK	A	0.2%
SMIN	F	0.19%
BKG	C	0.19%
DRX	C	0.19%
ENT	D	0.19%
BBY	B	0.19%
BWY	D	0.19%
PSH	C	0.18%
TPK	F	0.18%
SVT	D	0.18%
BRBY	F	0.18%
BLND	B	0.18%
WG	B	0.17%
CRDA	C	0.17%
CCH	C	0.17%
WTB	F	0.17%
SGE	D	0.17%
VTY	B	0.17%
DWL	D	0.17%
HAS	F	0.16%
IGG	B	0.15%
IHG	D	0.15%
ICP	A	0.15%
HBR	B	0.15%
EZJ	D	0.14%
RCP	C	0.14%

PSRU Underweight 33 Positions Relative to FNCL

Symbol	Grade	Weight
0M6S	B	-5.8%
0R3T	C	-5.0%
0QP2	D	-3.9%
0HB5	A	-3.62%
BVA	A	-3.43%
0HAR	A	-3.37%
0HBC	A	-2.62%
0QL6	D	-1.92%
0N4T	B	-1.77%
0QOQ	C	-1.6%
0NVC	D	-1.03%
0QMG	D	-1.01%
0EYG	A	-0.92%
0ILK	B	-0.9%
0HAI	A	-0.79%
0MJK	A	-0.75%
0RLW	A	-0.71%
0QO6	D	-0.59%
0QVJ	B	-0.4%
AIBG	A	-0.4%
0RLA	A	-0.39%
0Q99	A	-0.37%
WISE	C	-0.36%
0QQ3	C	-0.35%
0R78	D	-0.35%
0IN2	D	-0.32%
0QA8	B	-0.26%
0ACB	F	-0.26%
0MHU	A	-0.25%
0H13	B	-0.21%
0HZC	A	-0.18%
HL	D	-0.16%
0OJC	D	-0.14%