AADR vs. IPKW ETF Comparison

Comparison of WCM BNY Mellon Focused Growth ADR ETF (AADR) to PowerShares International BuyBack Achievers Portfolio (IPKW)

AADR

WCM BNY Mellon Focused Growth ADR ETF

AADR Description

The investment seeks long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index, the fund's primary benchmark, and the MSCI EAFE Index, the fund's secondary benchmark. The sub-advisor seeks to achieve the fund's investment objective by selecting primarily a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts ("ADRs"), included in the BNY Mellon Classic ADR Index. The fund's investment focus follows the Sub-Advisor's core philosophy of investing in industry-leading non-U.S. organizations led by visionary management teams with sound business strategies.

Grade (RS Rating)

Last Trade

$61.64

Average Daily Volume

1,082

Number of Holdings ^*

* 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

$39.61

Average Daily Volume

23,650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AADR	IPKW
30 Days	-1.79%	-1.11%
60 Days	2.93%	2.30%
90 Days	6.71%	6.14%
12 Months	30.26%	17.08%

1 Overlapping Holdings

	Symbol	Grade	Weight in AADR	Weight in IPKW	Overlap
	E	B	1.85%	2.29%	1.85%

AADR Overweight 27 Positions Relative to IPKW

Symbol	Grade	Weight
NVO	B	6.56%
YPF	A	4.63%
ABBV	D	3.51%
MUFG	D	3.41%
BMA	A	3.36%
BBVA	B	3.36%
GGAL	A	3.3%
CX	D	3.01%
ERJ	A	2.99%
RELX	C	2.85%
PAM	A	2.74%
HMY	B	2.69%
ASX	D	2.66%
SAP	D	2.62%
FMX	D	2.59%
KOF	A	2.57%
PBR	A	2.55%
TNP	A	2.45%
NMR	D	2.44%
ING	A	2.38%
SMFG	C	2.22%
MELI	C	2.17%
NXPI	B	2.07%
LOGI	D	2.05%
VIPS	F	1.82%
VIV	D	1.69%
ELP	F	0.85%

AADR Underweight 6 Positions Relative to IPKW

Symbol	Grade	Weight
NVS	B	-4.61%
VALE	D	-2.86%
BCS	A	-2.66%
LYG	A	-2.53%
WFG	D	-0.37%
GCBC	A	-0.02%