IWTR vs. FIW ETF Comparison

Comparison of iShares MSCI Water Management Multisector ETF (IWTR) to First Trust ISE Water Index Fund (FIW)

IWTR

iShares MSCI Water Management Multisector ETF

IWTR Description

The iShares MSCI Water Management Multisector ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management.

Grade (RS Rating)

Last Trade

$30.38

Average Daily Volume

262

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$101.38

Average Daily Volume

37,248

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWTR	FIW
30 Days	-0.48%	0.92%
60 Days	1.50%	2.82%
90 Days	5.56%	8.64%
12 Months	11.39%	23.37%

9 Overlapping Holdings

Symbol	Grade	Weight in IWTR	Weight in FIW	Overlap
AWK	B	4.3%	4.0%	4.0%
AWR	C	1.57%	1.92%	1.57%
BMI	A	3.01%	2.27%	2.27%
CNM	A	4.86%	3.41%	3.41%
ECL	B	5.49%	3.88%	3.88%
FELE	D	2.32%	1.95%	1.95%
WTS	C	3.01%	2.99%	2.99%
XYL	A	6.96%	4.04%	4.04%
ZWS	D	2.02%	2.01%	2.01%

IWTR Overweight 8 Positions Relative to FIW

Symbol	Grade	Weight
MAR	D	5.88%
TXN	A	5.78%
DEO	F	4.98%
HLT	D	4.45%
MKC	B	1.71%
K	A	1.39%
CCEP	A	1.29%
ERII	F	0.31%

IWTR Underweight 24 Positions Relative to FIW

Symbol	Grade	Weight
VLTO	A	-4.2%
ROP	D	-3.94%
IEX	D	-3.88%
A	C	-3.88%
AOS	D	-3.65%
ACM	A	-3.63%
WTRG	A	-3.59%
PNR	D	-3.54%
WAT	C	-3.53%
WMS	C	-3.34%
IDXX	F	-3.32%
MLI	A	-3.11%
TTEK	A	-3.1%
PRMW	A	-2.28%
FLS	A	-2.16%
VMI	B	-1.99%
CWT	A	-1.97%
ITRI	A	-1.96%
HWKN	A	-1.34%
SBS	B	-1.26%
MWA	A	-1.26%
LNN	B	-1.22%
SJW	D	-1.22%
MEG	A	-1.17%