IPKW vs. HDEF ETF Comparison

Comparison of PowerShares International BuyBack Achievers Portfolio (IPKW) to Deutsche X-trackers MSCI EAFE High Dividend Yield Hedged Equity ETF (HDEF)

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

$39.99

Average Daily Volume

18,415

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

HDEF

Deutsche X-trackers MSCI EAFE High Dividend Yield Hedged Equity ETF

HDEF Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EAFE High Dividend Yield US Dollar Hedged Index. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to reflect the performance of equities in its parent index, the MSCI EAFE Index, with higher dividend income and quality characteristics than average dividend yields of equities in the parent index, where such higher dividend income and quality characteristics are both sustainable and persistent. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.38

Average Daily Volume

144,594

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	IPKW	HDEF
30 Days	-0.92%	-1.06%
60 Days	0.90%	0.61%
90 Days	1.63%	1.06%
12 Months	19.38%	11.95%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPKW	Weight in HDEF	Overlap
	NVS	A	5.45%	5.11%	5.11%

IPKW Overweight 6 Positions Relative to HDEF

	Symbol	Grade	Weight
	BCS	C	2.82%
	LYG	B	2.67%
	E	D	2.34%
	VALE	F	2.31%
	WFG	D	0.35%
	GCBC	B	0.02%

IPKW Underweight 3 Positions Relative to HDEF

	Symbol	Grade	Weight
	UL	B	-4.91%
	STLA	F	-1.57%
	AGCO	F	-0.22%

IPKW: Top Represented Industries & Keywords

Industries: Banks - Global Banks - Regional - Europe Drug Manufacturers - Major Industrial Metals & Minerals Lumber & Wood Production Oil & Gas Integrated Savings & Cooperative Banks

Keywords: Banking Gas Exploration General Insurance Insurance Products Natural Gas Exploration Active Pharmaceutical Ingredients Alloys Aluminum Products Animal Health Antibiotics Asset Finance Asset Management Bancassurance Bank Banking Products Banking Solutions Barclays Barclays Bank Of Botswana Base Metal Biotechnology

HDEF: Top Represented Industries & Keywords

Industries: Auto Manufacturers Drug Manufacturers - Major Farm & Construction Equipment Household & Personal Products

Keywords: Active Pharmaceutical Ingredients Agricultural Equipment Agricultural Machinery Agriculture Alternative Fuel Animal Health Antibiotics Automotive Manufacturers Baler Beef Biotechnology Blood Test Cars Cattle Chrysler Cleaning Products Contact Lens Contact Lenses Crop Protection Chemicals Crops