BNKD vs. PID ETF Comparison

Comparison of MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) to PowerShares Intl Dividend Achievers (PID)
BNKD

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

BNKD Description

The investment seeks to provide a leveraged inverse return based on the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.

Grade (RS Rating)

Last Trade

$5.36

Average Daily Volume

444,931

Number of Holdings *

10

* may have additional holdings in another (foreign) market
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

$17.49

Average Daily Volume

155,540

Number of Holdings *

24

* may have additional holdings in another (foreign) market
Performance
Period BNKD PID
30 Days -1.38% -3.77%
60 Days -12.56% -3.17%
90 Days -19.52% -3.01%
12 Months -53.39% -1.07%
0 Overlapping Holdings
Symbol Grade Weight in BNKD Weight in PID Overlap
BNKD Overweight 10 Positions Relative to PID
Symbol Grade Weight
WFC A 10.0%
USB C 10.0%
TFC B 10.0%
SCHW A 10.0%
PNC B 10.0%
MS A 10.0%
JPM B 10.0%
GS A 10.0%
C A 10.0%
BAC A 10.0%
BNKD Underweight 24 Positions Relative to PID
Symbol Grade Weight
PHI B -4.19%
AY B -4.09%
BTI D -3.94%
NGG C -3.78%
TD D -3.37%
GFI A -3.01%
SNY D -2.79%
SMFG B -2.39%
KOF C -2.38%
NVS F -2.22%
DEO F -1.81%
OTEX D -1.78%
MUFG C -1.72%
PSO B -1.68%
INFY D -1.37%
DOX D -1.3%
CNI C -1.29%
RELX C -1.08%
RBA C -1.0%
LOGI D -0.94%
WTW B -0.86%
SAP C -0.86%
NVO C -0.65%
WCN C -0.47%
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