PID vs. BINV ETF Comparison

Comparison of PowerShares Intl Dividend Achievers (PID) to Brandes International ETF (BINV)

PID

PowerShares Intl Dividend Achievers

PID Description

The PowerShares International Dividend Achievers™ Portfolio (Fund) is based on the NASDAQ International Dividend AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers™. These companies have increased their annual dividend for five or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from International Dividend Achievers Index to NASDAQ International Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$18.84

Average Daily Volume

75,734

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BINV

Brandes International ETF

BINV Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of foreign companies. The fund typically invests in foreign companies with market capitalizations (market value of publicly traded equity securities) greater than $5 billion at the time of purchase.

Grade (RS Rating)

Last Trade

$30.55

Average Daily Volume

19,139

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PID	BINV
30 Days	-5.04%	-4.55%
60 Days	-4.15%	-4.07%
90 Days	-0.55%	-1.60%
12 Months	14.55%	16.40%

4 Overlapping Holdings

Symbol	Grade	Weight in PID	Weight in BINV	Overlap
MUFG	A	2.17%	0.97%	0.97%
NVS	D	2.15%	1.41%	1.41%
OTEX	F	2.33%	1.14%	1.14%
SAP	C	0.94%	1.66%	0.94%

PID Overweight 19 Positions Relative to BINV

Symbol	Grade	Weight
KOF	F	3.98%
NGG	D	3.9%
BTI	C	3.8%
PHI	F	3.54%
TD	D	2.75%
GFI	F	2.66%
SNY	D	2.62%
DEO	F	2.32%
SMFG	A	2.18%
PSO	B	1.83%
DOX	D	1.75%
INFY	D	1.73%
CNI	F	1.54%
RELX	D	1.32%
RBA	A	1.04%
WTW	B	1.0%
LOGI	F	0.89%
NVO	F	0.63%
WCN	A	0.47%

PID Underweight 15 Positions Relative to BINV

Symbol	Grade	Weight
BABA	D	-3.09%
GRFS	B	-2.18%
ERJ	A	-2.17%
ABEV	D	-1.72%
SNN	D	-1.53%
CX	F	-1.41%
BCS	A	-1.38%
PHG	F	-1.37%
E	F	-1.2%
HMC	F	-1.1%
SHG	D	-0.8%
VIV	D	-0.78%
TSM	B	-0.65%
GSK	F	-0.59%
BCS	A	-0.08%