DWM vs. PDN ETF Comparison

Comparison of WisdomTree DEFA Fund (DWM) to PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (PDN)

DWM

WisdomTree DEFA Fund

DWM Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index of Europe, Far East Asia and Australasia. The fund normally invests at least 95% of its total assets (exclusive of collateral held from securities lending) in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is comprised of dividend-paying companies in the industrialized world, excluding Canada and the United States, that pay regular cash dividends. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.96

Average Daily Volume

19,066

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PDN

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio

PDN Description

The PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (Fund) is based on the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of small and mid capitalization equities of companies domiciled in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$32.47

Average Daily Volume

22,613

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DWM	PDN
30 Days	-2.53%	-1.81%
60 Days	-5.62%	-6.37%
90 Days	-5.23%	-5.86%
12 Months	12.13%	9.91%

2 Overlapping Holdings

	Symbol	Grade	Weight in DWM	Weight in PDN	Overlap
	AEI	D	0.03%	0.16%	0.03%
	FRO	F	0.06%	0.1%	0.06%

DWM Overweight 19 Positions Relative to PDN

Symbol	Grade	Weight
HSBH	B	2.15%
NVS	D	1.62%
TM	D	1.3%
UL	D	0.95%
MUFG	B	0.52%
ABBV	D	0.5%
E	F	0.43%
SMFG	B	0.35%
HMC	F	0.32%
DEO	F	0.27%
LYG	F	0.19%
MFG	B	0.19%
BCS	C	0.18%
SONY	B	0.12%
LOGI	D	0.04%
NMR	B	0.03%
MNTX	C	0.02%
UBCP	C	0.02%
VGR	D	0.01%

DWM Underweight 13 Positions Relative to PDN

Symbol	Grade	Weight
RBA	A	-0.21%
TAC	B	-0.17%
ASTL	B	-0.14%
GOGL	F	-0.14%
LSPD	C	-0.1%
PDS	C	-0.09%
XRX	F	-0.07%
MBAVU	D	-0.07%
DOOO	F	-0.07%
FLNG	B	-0.04%
BBUC	B	-0.04%
TRMD	F	-0.03%
CLF	F	-0.0%