JETU vs. PIO ETF Comparison

Comparison of Bank Of Montreal MAX Airlines 3X Leveraged ETNs (JETU) to PowerShares Global Water Portfolio (PIO)
JETU

Bank Of Montreal MAX Airlines 3X Leveraged ETNs

JETU Description

JETU is a leveraged take on the US airport transportation industry. Specifically, the fund tracks 3x the index, which includes firms involved in airlines, aircraft and aircraft parts manufacturers, airfreight and logistics, aircraft leasing, and airline and airport operations. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding any ETPs and MLPs. The index also excludes issuers organized in Canada or China. For industry screens, Aircraft and Parts Manufacturing industry only includes the five largest companies by market cap. Airfreight and Logistics companies must disclose in their recent annual report that they own aircraft to execute their core business activity. The index is a modified liquidity-weighted index, which ranks the constituents, based on highest average daily value traded. As a geared product, JETU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding.

Grade (RS Rating)

Last Trade

$26.19

Average Daily Volume

354

Number of Holdings *

17

* may have additional holdings in another (foreign) market
PIO

PowerShares Global Water Portfolio

PIO Description The PowerShares Global Water Portfolio (Fund) is based on the NASDAQ OMX Global Water Index. The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Grade (RS Rating)

Last Trade

$41.63

Average Daily Volume

9,095

Number of Holdings *

12

* may have additional holdings in another (foreign) market
Performance
Period JETU PIO
30 Days 20.46% -0.84%
60 Days 48.01% 3.74%
90 Days 60.68% 3.64%
12 Months 80.63% 25.61%
0 Overlapping Holdings
Symbol Grade Weight in JETU Weight in PIO Overlap
JETU Overweight 17 Positions Relative to PIO
Symbol Grade Weight
BA F 9.0%
UPS C 9.0%
RTX D 9.0%
HON B 9.0%
GE D 9.0%
FDX B 9.0%
DAL B 8.98%
AAL C 7.91%
UAL B 7.29%
GD C 7.17%
LUV B 6.79%
JBLU F 1.84%
ALK B 1.84%
SKYW B 0.63%
CPA C 0.57%
FWRD C 0.53%
ALGT C 0.46%
JETU Underweight 12 Positions Relative to PIO
Symbol Grade Weight
PNR B -9.31%
ROP B -8.08%
ECL D -8.08%
XYL F -3.68%
VLTO D -3.6%
WAT B -3.28%
AWK D -3.13%
CNM C -2.83%
IEX B -2.76%
WMS C -2.22%
AOS F -1.79%
CWCO F -0.25%
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