XSHQ vs. FIW ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to First Trust ISE Water Index Fund (FIW)

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$45.64

Average Daily Volume

50,703

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

FIW

First Trust ISE Water Index Fund

FIW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE Water Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$107.34

Average Daily Volume

36,306

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	FIW
30 Days	1.98%	-2.65%
60 Days	8.88%	0.70%
90 Days	13.86%	1.87%
12 Months	28.49%	24.86%

5 Overlapping Holdings

Symbol	Grade	Weight in XSHQ	Weight in FIW	Overlap
BMI	B	1.98%	3.15%	1.98%
FELE	B	1.26%	2.04%	1.26%
HWKN	C	0.58%	1.17%	0.58%
LNN	B	0.37%	1.26%	0.37%
MLI	B	4.25%	3.76%	3.76%

XSHQ Overweight 109 Positions Relative to FIW

Symbol	Grade	Weight
JXN	B	3.19%
AWI	A	2.57%
KTB	A	2.13%
APAM	A	2.07%
PJT	A	1.92%
CORT	B	1.92%
ALKS	B	1.92%
JBT	B	1.8%
IBP	F	1.74%
LNC	A	1.71%
BCC	B	1.64%
FSS	C	1.6%
FTDR	B	1.58%
WDFC	A	1.58%
SIG	B	1.51%
BCPC	B	1.46%
POWL	C	1.44%
CEIX	A	1.4%
SM	C	1.36%
RDN	C	1.33%
IDCC	A	1.33%
AX	A	1.32%
MHO	D	1.3%
CRVL	B	1.24%
AGO	A	1.21%
CNS	B	1.2%
ASO	F	1.15%
FBP	A	1.14%
AGYS	A	1.14%
TBBK	A	1.11%
GMS	A	1.1%
BRC	C	1.08%
AMR	C	1.06%
ARCH	B	1.05%
DORM	B	1.03%
HP	C	1.02%
CATY	A	0.98%
AEO	F	0.98%
NMIH	D	0.94%
OTTR	C	0.89%
LCII	D	0.85%
EPAC	B	0.85%
PAYO	A	0.84%
SHOO	D	0.84%
UE	B	0.81%
PATK	C	0.79%
PLMR	A	0.78%
IOSP	C	0.77%
CASH	A	0.74%
ROCK	C	0.71%
APOG	B	0.7%
BKE	A	0.7%
YELP	C	0.7%
OFG	B	0.61%
IPAR	C	0.61%
SXI	A	0.6%
PRG	A	0.59%
WOR	F	0.58%
CENX	A	0.58%
DFIN	D	0.56%
ANDE	C	0.55%
CHCO	A	0.54%
TNC	F	0.54%
MCY	A	0.54%
WS	B	0.53%
WABC	A	0.52%
CENTA	C	0.52%
KLG	F	0.52%
BANF	A	0.51%
LKFN	A	0.51%
ASTH	F	0.5%
GIII	D	0.49%
NHC	B	0.48%
AMWD	B	0.47%
GRBK	D	0.47%
FIZZ	B	0.45%
CSGS	A	0.44%
WT	A	0.44%
PLAB	D	0.43%
DNOW	A	0.43%
VRTS	A	0.43%
PDCO	F	0.43%
TILE	A	0.42%
ATEN	A	0.42%
AMSF	A	0.41%
PFBC	A	0.4%
GDEN	B	0.39%
STAA	F	0.39%
COLL	F	0.38%
HRMY	D	0.37%
CAL	D	0.36%
EIG	A	0.36%
WNC	C	0.35%
MCRI	A	0.35%
OXM	F	0.35%
HCI	B	0.31%
LPG	F	0.31%
JBSS	F	0.29%
REX	C	0.27%
MNRO	B	0.23%
PCRX	C	0.22%
IIIN	C	0.22%
CVI	D	0.18%
LQDT	A	0.16%
SLP	F	0.14%
RES	F	0.13%
GES	F	0.12%
NPK	B	0.11%
USNA	C	0.11%

XSHQ Underweight 28 Positions Relative to FIW

Symbol	Grade	Weight
WAT	B	-4.35%
IEX	B	-4.32%
ROP	C	-4.02%
PNR	A	-3.96%
A	D	-3.81%
ECL	D	-3.79%
ACM	B	-3.77%
VLTO	D	-3.62%
AWK	C	-3.62%
XYL	D	-3.51%
IDXX	F	-3.51%
WMS	F	-3.46%
WTRG	C	-3.42%
TTEK	D	-3.4%
CNM	F	-2.8%
AOS	F	-2.66%
ZWS	B	-2.36%
ITRI	B	-2.34%
VMI	B	-2.33%
PRMW	C	-2.2%
MWA	A	-2.19%
WTS	A	-2.05%
AWR	A	-2.03%
CWT	C	-1.82%
MSEX	B	-1.33%
SBS	C	-1.15%
SJW	F	-1.15%
MEG	F	-0.88%