MISL vs. PIO ETF Comparison

Comparison of First Trust Indxx Aerospace & Defense ETF (MISL) to PowerShares Global Water Portfolio (PIO)

MISL

First Trust Indxx Aerospace & Defense ETF

MISL Description

The First Trust Indxx Aerospace & Defense ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Indxx US Aerospace & Defense Index (the "Index"). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the common stocks that comprise the Index.

Grade (RS Rating)

Last Trade

$27.83

Average Daily Volume

17,582

Number of Holdings ^*

10

* 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

$42.13

Average Daily Volume

8,419

Number of Holdings ^*

12

* may have additional holdings in another (foreign) market

Performance

Period	MISL	PIO
30 Days	3.07%	0.55%
60 Days	3.77%	-0.24%
90 Days	10.42%	8.69%
12 Months	28.57%	19.26%

0 Overlapping Holdings

	Symbol	Grade	Weight in MISL	Weight in PIO	Overlap

MISL Overweight 10 Positions Relative to PIO

	Symbol	Grade	Weight
	RTX	A	8.31%
	GD	A	8.22%
	NOC	B	7.44%
	LMT	B	7.3%
	BA	F	6.3%
	HWM	A	4.48%
	TXT	D	4.47%
	LDOS	A	4.38%
	TDG	A	4.38%
	HII	D	4.16%

MISL Underweight 12 Positions Relative to PIO

	Symbol	Grade	Weight
	PNR	C	-8.35%
	DHR	D	-7.87%
	ROP	F	-7.61%
	AWK	B	-3.99%
	ECL	A	-3.97%
	XYL	A	-3.87%
	VLTO	A	-3.71%
	WAT	D	-3.14%
	IEX	D	-2.13%
	AOS	D	-1.89%
	WMS	C	-1.69%
	CWCO	F	-0.39%

MISL: Top Represented Industries & Keywords

Industries: Aerospace & Defense Information Technology Services Specialty Industrial Machinery

Keywords: S&P 500 Aerospace Space Systems Aviation Weapons Aerospace Systems Business Aviation Combat Systems Communications Systems Defense Systems Electronics Information Technology Solutions Manned Aircraft Mission Systems National Security Navy Northrop Grumman Radar Technology Products Technology Solutions

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