PDN vs. FPXE ETF Comparison

Comparison of PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (PDN) to First Trust IPOX Europe Equity Opportunities ETF (FPXE)

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

$32.83

Average Daily Volume

16,714

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPXE

First Trust IPOX Europe Equity Opportunities ETF

FPXE Description

The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").

Grade (RS Rating)

Last Trade

$26.04

Average Daily Volume

1,219

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PDN	FPXE
30 Days	-0.99%	0.53%
60 Days	0.33%	6.32%
90 Days	1.08%	4.40%
12 Months	11.86%	27.29%

2 Overlapping Holdings

	Symbol	Grade	Weight in PDN	Weight in FPXE	Overlap
	BWLP	D	0.13%	0.11%	0.11%
	HAFN	D	0.1%	1.72%	0.1%

PDN Overweight 14 Positions Relative to FPXE

Symbol	Grade	Weight
IAG	C	0.19%
RBA	B	0.17%
PRMW	C	0.17%
GOGL	D	0.16%
AEI	C	0.15%
TAC	F	0.12%
PDS	D	0.1%
ASTL	F	0.09%
DOOO	F	0.09%
LSPD	F	0.08%
TRMD	B	0.05%
XRX	F	0.05%
FLNG	C	0.04%
BBUC	D	0.03%

PDN Underweight 16 Positions Relative to FPXE

Symbol	Grade	Weight
ARM	A	-7.85%
NVT	D	-5.16%
MNDY	A	-3.3%
SPOT	B	-3.27%
ONON	C	-2.26%
BIRK	B	-1.66%
ICLR	B	-1.32%
CLBT	B	-0.99%
MRUS	C	-0.83%
JHG	B	-0.22%
CNTA	D	-0.17%
ZGN	F	-0.12%
SPNT	D	-0.09%
OSW	B	-0.07%
RSKD	B	-0.05%
IMTX	C	-0.05%