IWTR vs. PHO ETF Comparison

Comparison of iShares MSCI Water Management Multisector ETF (IWTR) to Invesco Water Resources ETF (PHO)

IWTR

iShares MSCI Water Management Multisector ETF

IWTR Description

The iShares MSCI Water Management Multisector ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management.

Grade (RS Rating)

Last Trade

$32.20

Average Daily Volume

373

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PHO

Invesco Water Resources ETF

PHO Description

The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies 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

$68.40

Average Daily Volume

74,962

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWTR	PHO
30 Days	9.18%	7.75%
60 Days	7.34%	6.36%
90 Days	10.05%	9.06%
12 Months	18.01%	29.90%

10 Overlapping Holdings

Symbol	Grade	Weight in IWTR	Weight in PHO	Overlap
AWK	C	4.54%	6.91%	4.54%
AWR	C	1.6%	0.85%	0.85%
BMI	B	3.0%	1.63%	1.63%
CNM	A	4.89%	4.74%	4.74%
ECL	B	5.59%	7.87%	5.59%
ERII	F	0.29%	0.33%	0.29%
FELE	D	2.2%	0.84%	0.84%
WTS	B	3.02%	1.28%	1.28%
XYL	A	7.11%	4.22%	4.22%
ZWS	C	1.99%	1.7%	1.7%

IWTR Overweight 7 Positions Relative to PHO

Symbol	Grade	Weight
TXN	A	5.76%
MAR	D	5.57%
DEO	F	4.81%
HLT	D	4.25%
MKC	C	1.66%
K	B	1.44%
CCEP	A	1.28%

IWTR Underweight 27 Positions Relative to PHO

Symbol	Grade	Weight
DHR	A	-7.48%
ROP	D	-7.26%
VLTO	A	-4.25%
PNR	B	-4.07%
AOS	C	-3.82%
WAT	B	-3.64%
ACM	D	-3.59%
WTRG	C	-3.57%
IEX	D	-3.57%
TTC	C	-3.52%
WMS	B	-3.48%
TTEK	B	-2.58%
VMI	C	-2.36%
MLI	B	-1.81%
ITRI	B	-1.65%
MWA	B	-0.87%
CWT	C	-0.82%
SBS	D	-0.67%
LNN	D	-0.56%
SJW	D	-0.54%
MSEX	D	-0.51%
CWCO	D	-0.2%
YORW	C	-0.11%
GRC	F	-0.09%
NWPX	B	-0.08%
ARTNA	C	-0.07%
GWRS	B	-0.02%