BOAT vs. PDN ETF Comparison

Comparison of SonicShares Global Shipping ETF (BOAT) to PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (PDN)

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.35

Average Daily Volume

17,188

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PDN

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio

PDN Description

The PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (Fund) is based on the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of small and mid capitalization equities of companies domiciled in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$32.93

Average Daily Volume

18,874

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BOAT	PDN
30 Days	7.53%	0.03%
60 Days	8.45%	2.98%
90 Days	9.09%	4.28%
12 Months	37.11%	8.04%

3 Overlapping Holdings

Symbol	Grade	Weight in BOAT	Weight in PDN	Overlap
BWLP	B	1.93%	0.1%	0.1%
FLNG	C	1.42%	0.04%	0.04%
GOGL	A	2.85%	0.16%	0.16%

BOAT Overweight 19 Positions Relative to PDN

Symbol	Grade	Weight
STNG	A	4.71%
INSW	A	4.3%
MATX	B	4.12%
SBLK	A	2.97%
DHT	A	1.89%
SFL	A	1.84%
TNK	B	1.73%
LPG	B	1.7%
DAC	A	1.46%
CMRE	A	1.4%
ZIM	B	1.39%
NVGS	B	1.13%
ECO	A	0.98%
GNK	A	0.92%
NAT	D	0.82%
GSL	A	0.8%
ASC	A	0.7%
SB	A	0.57%
DSX	C	0.32%

BOAT Underweight 14 Positions Relative to PDN

Symbol	Grade	Weight
IAG	B	-0.19%
RBA	D	-0.16%
PRMW	A	-0.15%
AEI	F	-0.14%
TAC	C	-0.11%
FSM	B	-0.11%
ASTL	D	-0.1%
DOOO	C	-0.1%
PDS	B	-0.1%
HAFN	B	-0.09%
LSPD	F	-0.08%
XRX	F	-0.05%
TRMD	A	-0.04%
BBUC	D	-0.03%

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream