BUSA vs. PID ETF Comparison

Comparison of Brandes U.S. Value ETF (BUSA) to PowerShares Intl Dividend Achievers (PID)

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$33.62

Average Daily Volume

25,043

Number of Holdings ^*

* 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

$19.28

Average Daily Volume

75,610

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BUSA	PID
30 Days	4.78%	-1.68%
60 Days	6.46%	-2.23%
90 Days	6.78%	0.00%
12 Months	29.83%	15.84%

4 Overlapping Holdings

Symbol	Grade	Weight in BUSA	Weight in PID	Overlap
DOX	D	2.34%	1.63%	1.63%
OTEX	D	0.54%	2.27%	0.54%
SNY	F	1.96%	2.51%	1.96%
WTW	B	2.4%	1.01%	1.01%

BUSA Overweight 51 Positions Relative to PID

Symbol	Grade	Weight
FI	A	3.53%
CVX	A	3.36%
MCK	B	3.11%
WFC	A	2.9%
BAC	A	2.86%
FLEX	A	2.58%
PNC	B	2.57%
CMCSA	B	2.48%
GOOG	C	2.41%
C	A	2.38%
CI	F	2.26%
FDX	B	2.24%
JPM	A	2.2%
CTVA	C	2.18%
HAL	C	2.11%
EMR	A	2.1%
CTSH	B	2.06%
TXT	D	2.05%
OMC	C	2.04%
SSNC	B	2.02%
PFE	D	1.95%
BK	A	1.95%
MRK	F	1.92%
WRB	A	1.91%
JNJ	D	1.77%
INGR	B	1.69%
HCA	F	1.68%
AIG	B	1.61%
CAH	B	1.57%
ETR	B	1.55%
KVUE	A	1.53%
LH	C	1.49%
ACGL	D	1.44%
AZO	C	1.43%
MU	D	1.31%
STT	A	1.28%
CVS	D	1.19%
LKQ	D	1.15%
WKC	D	1.09%
KNX	B	1.08%
TFC	A	1.08%
CSCO	B	1.06%
OMF	A	1.02%
GTES	A	1.01%
SLB	C	0.99%
BRK.A	B	0.98%
SYY	B	0.96%
GD	F	0.91%
JCI	C	0.87%
MHK	D	0.83%
QRVO	F	0.5%

BUSA Underweight 19 Positions Relative to PID

Symbol	Grade	Weight
BTI	B	-4.03%
NGG	D	-3.9%
KOF	F	-3.81%
PHI	D	-3.4%
TD	F	-2.78%
GFI	D	-2.43%
DEO	F	-2.31%
MUFG	B	-2.27%
SMFG	B	-2.23%
NVS	D	-2.12%
PSO	B	-1.85%
INFY	B	-1.76%
CNI	D	-1.51%
RELX	C	-1.28%
RBA	A	-1.12%
SAP	B	-0.92%
LOGI	D	-0.88%
NVO	D	-0.6%
WCN	A	-0.49%