IDLV vs. HDMV ETF Comparison

Comparison of PowerShares S&P International Developed Low Volatility Portfolio (IDLV) to First Trust Horizon Managed Volatility Developed International ETF (HDMV)

IDLV

PowerShares S&P International Developed Low Volatility Portfolio

IDLV Description

The PowerShares S&P International Developed Low Volatility Portfolio (Fund) is based on the S&P BMI International Developed Low Volatility Index ND (Index). The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poorâs and consists of the 200 least volatile stocks of the S&P Developed ex. US and South Korea LargeMid Cap BMI Index over the past 12 months. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$28.87

Average Daily Volume

14,053

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HDMV

First Trust Horizon Managed Volatility Developed International ETF

HDMV Description

The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks and depositary receipts of developed market companies listed and traded on non-U.S. exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Grade (RS Rating)

Last Trade

$29.59

Average Daily Volume

7,627

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IDLV	HDMV
30 Days	-1.65%	-2.31%
60 Days	-4.96%	-6.69%
90 Days	-2.83%	-3.70%
12 Months	11.12%	10.50%

5 Overlapping Holdings

Symbol	Grade	Weight in IDLV	Weight in HDMV	Overlap
CCEP	C	0.51%	1.14%	0.51%
CHKP	D	0.45%	0.39%	0.39%
E	F	0.5%	0.43%	0.43%
NVS	D	0.49%	0.83%	0.49%
UL	D	0.52%	1.43%	0.52%

IDLV Overweight 3 Positions Relative to HDMV

Symbol	Grade	Weight
WCN	A	0.57%
CNI	D	0.51%
TD	F	0.51%

IDLV Underweight 0 Positions Relative to HDMV

	Symbol	Grade	Weight