NORW vs. PDN ETF Comparison

Comparison of Global X FTSE Norway 30 ETF (NORW) to PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (PDN)

NORW

Global X FTSE Norway 30 ETF

NORW Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Norway 30 Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The index is designed to reflect broad based equity market performance in Norway. The Adviser uses a "passive" or indexing approach to try to achieve the fund's investment objective. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.19

Average Daily Volume

17,028

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PDN

PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio

PDN Description

The PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (Fund) is based on the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of small and mid capitalization equities of companies domiciled in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$32.82

Average Daily Volume

18,874

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NORW	PDN
30 Days	0.16%	0.03%
60 Days	4.87%	2.98%
90 Days	5.20%	4.28%
12 Months	8.22%	8.04%

4 Overlapping Holdings

Symbol	Grade	Weight in NORW	Weight in PDN	Overlap
BWLP	B	0.81%	0.1%	0.1%
FLNG	C	0.46%	0.04%	0.04%
GOGL	A	1.11%	0.16%	0.16%
HAFN	B	1.32%	0.09%	0.09%

NORW Overweight 0 Positions Relative to PDN

	Symbol	Grade	Weight

NORW Underweight 13 Positions Relative to PDN

Symbol	Grade	Weight
IAG	B	-0.19%
RBA	D	-0.16%
PRMW	A	-0.15%
AEI	F	-0.14%
TAC	C	-0.11%
FSM	B	-0.11%
ASTL	D	-0.1%
DOOO	C	-0.1%
PDS	B	-0.1%
LSPD	F	-0.08%
XRX	F	-0.05%
TRMD	A	-0.04%
BBUC	D	-0.03%

NORW: Top Represented Industries & Keywords

Industries: Marine Shipping Oil & Gas Midstream Shipping & Ports

Keywords: Bonny Gas Transport Capesize Dryships Fuel Golden Ocean Group Handymax LNG Carrier Liquefied Natural Gas Maritime Transport Natural Gas Panamax Shipping Shipping Companies Ships Tanker Transportation Service Vegetable Oil