MEDX vs. IPKW ETF Comparison

Comparison of Horizon Kinetics Medical ETF (MEDX) to PowerShares International BuyBack Achievers Portfolio (IPKW)

MEDX

Horizon Kinetics Medical ETF

MEDX Description

The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.48

Average Daily Volume

457

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

IPKW

PowerShares International BuyBack Achievers Portfolio

IPKW Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the NASDAQ International BuyBack AchieversTM Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the NASDAQ OMX Group, Inc. ("NASDAQ OMX" or the "Index Provider") includes in the underlying index common stocks of foreign companies that are classified as "International BuyBack AchieversTM" pursuant to a proprietary selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.95

Average Daily Volume

18,524

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

Performance

Period	MEDX	IPKW
30 Days	2.12%	-0.05%
60 Days	3.95%	4.20%
90 Days	2.54%	3.19%
12 Months	-2.63%	20.52%

1 Overlapping Holdings

	Symbol	Grade	Weight in MEDX	Weight in IPKW	Overlap
	NVS	A	5.83%	5.48%	5.48%

MEDX Overweight 9 Positions Relative to IPKW

	Symbol	Grade	Weight
	LLY	B	16.22%
	ABBV	C	7.29%
	AMGN	B	6.05%
	AZN	C	5.73%
	MRK	C	4.96%
	JNJ	F	4.41%
	PFE	D	4.37%
	BMY	F	4.29%
	REGN	B	4.15%

MEDX Underweight 6 Positions Relative to IPKW

	Symbol	Grade	Weight
	BCS	C	-2.79%
	LYG	A	-2.68%
	E	C	-2.39%
	VALE	D	-2.28%
	WFG	D	-0.34%
	GCBC	C	-0.02%

MEDX: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Biotechnology

Keywords: S&P 500 Pharmaceutical Products Depressive Disorder Neuroscience Animal Health Hypertension Infectious Diseases Inflammation Ophthalmology Antibiotics Biopharmaceutical Biotechnology Cholesterol Clinic Diabetes Dow Jones Component Drugs Infection Major Depressive Disorder Medication

IPKW: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - Europe Drug Manufacturers - Major Industrial Metals & Minerals Lumber & Wood Production Oil & Gas Integrated Savings & Cooperative Banks

Keywords: Banking Gas Exploration General Insurance Insurance Products Natural Gas Exploration Active Pharmaceutical Ingredients Alloys Aluminum Products Animal Health Antibiotics Asset Finance Asset Management Bancassurance Bank Banking Products Banking Solutions Barclays Barclays Bank Of Botswana Base Metal Biotechnology