FIW vs. PIO ETF Comparison

Comparison of First Trust ISE Water Index Fund (FIW) to PowerShares Global Water Portfolio (PIO)

FIW

First Trust ISE Water Index Fund

FIW Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the ISE Water Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$99.23

Average Daily Volume

38,549

Number of Holdings ^*

33

* may have additional holdings in another (foreign) market

PIO

PowerShares Global Water Portfolio

PIO Description

The PowerShares Global Water Portfolio (Fund) is based on the NASDAQ OMX Global Water Index. The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange 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

$40.22

Average Daily Volume

9,154

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

Performance

Period	FIW	PIO
30 Days	-3.12%	-4.83%
60 Days	1.65%	-1.16%
90 Days	5.77%	4.90%
12 Months	19.45%	15.47%

10 Overlapping Holdings

	Symbol	Grade	Weight in FIW	Weight in PIO	Overlap
	AOS	A	3.59%	1.91%	1.91%
	AWK	C	3.91%	3.8%	3.8%
	ECL	C	3.89%	3.91%	3.89%
	IEX	C	3.9%	2.22%	2.22%
	PNR	B	3.61%	8.37%	3.61%
	ROP	B	3.87%	7.88%	3.87%
	VLTO	A	4.15%	3.38%	3.38%
	WAT	D	3.78%	3.33%	3.33%
	WMS	C	3.48%	1.7%	1.7%
	XYL	A	4.0%	3.72%	3.72%

FIW Overweight 23 Positions Relative to PIO

	Symbol	Grade	Weight
	A	D	4.07%
	ACM	B	3.68%
	WTRG	C	3.47%
	CNM	A	3.46%
	IDXX	D	3.41%
	TTEK	A	3.24%
	MLI	A	3.01%
	WTS	B	2.93%
	FLS	A	2.19%
	PRMW	A	2.16%
	VMI	F	2.03%
	ZWS	B	1.99%
	ITRI	A	1.94%
	BMI	A	1.93%
	FELE	B	1.93%
	CWT	F	1.93%
	AWR	F	1.89%
	HWKN	A	1.37%
	MEG	B	1.29%
	SBS	B	1.23%
	MWA	B	1.22%
	SJW	D	1.2%
	LNN	D	1.2%

FIW Underweight 2 Positions Relative to PIO

	Symbol	Grade	Weight
	DHR	C	-7.67%
	CWCO	F	-0.37%

FIW: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Water Diagnostics & Research Engineering & Construction Metal Fabrication Scientific & Technical Instruments Specialty Chemicals Beverages - Soft Drinks Farm & Construction Equipment Industrial Distribution Pollution & Treatment Controls Rubber & Plastics Waste Management

Keywords: S&P 500 Irrigation Chemical Mining Plumbing Construction Oil And Gas Water Utilities Stainless Steel Water Water Management Acid Aerospace Beverage Boiler Building Materials Chemical Process Chemical Processing Drainage Electronics

PIO: Top Represented Industries & Keywords

Industries: Diversified Industrials Diagnostics & Research Utilities - Regulated Water Pollution & Treatment Controls Rubber & Plastics Specialty Chemicals

Keywords: S&P 500 Chemical Water Water Treatment Beverage Boiler Chemical Process Chemical Processing Danaher Corporation Dover Corporation Drug Discovery Electronics Injector Irrigation Manufacturing Market Manufacturing Markets Mining Pharmaceutical Plastic Sanitation