PAVE vs. PHO ETF Comparison

Comparison of Global X U.S. Infrastructure Development ETF (PAVE) to Invesco Water Resources ETF (PHO)

PAVE

Global X U.S. Infrastructure Development ETF

PAVE Description

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.

Grade (RS Rating)

Last Trade

$45.26

Average Daily Volume

1,102,285

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PHO

Invesco Water Resources ETF

PHO Description

The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies 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

$70.88

Average Daily Volume

70,557

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAVE	PHO
30 Days	7.33%	1.05%
60 Days	10.70%	1.63%
90 Days	14.19%	0.98%
12 Months	44.15%	26.54%

12 Overlapping Holdings

Symbol	Grade	Weight in PAVE	Weight in PHO	Overlap
ACM	B	1.02%	4.32%	1.02%
BMI	B	0.45%	1.67%	0.45%
GRC	A	0.29%	0.23%	0.23%
IEX	C	1.21%	4.46%	1.21%
MLI	B	0.71%	2.91%	0.71%
MWA	B	0.4%	1.42%	0.4%
NWPX	A	0.43%	0.09%	0.09%
PNR	A	1.22%	4.83%	1.22%
TTEK	F	0.76%	2.8%	0.76%
VMI	B	0.49%	2.67%	0.49%
WMS	F	0.71%	3.39%	0.71%
ZWS	B	0.47%	1.71%	0.47%

PAVE Overweight 86 Positions Relative to PHO

Symbol	Grade	Weight
TT	A	3.76%
PH	A	3.45%
ETN	A	3.45%
URI	C	3.41%
PWR	A	3.28%
HWM	A	3.25%
EMR	B	3.13%
SRE	A	2.93%
FAST	B	2.74%
MLM	C	2.73%
VMC	B	2.62%
NSC	B	2.54%
CSX	C	2.37%
DE	B	2.36%
UNP	C	2.25%
ROK	C	2.19%
NUE	C	1.98%
FTV	C	1.85%
HUBB	B	1.64%
EME	A	1.63%
BLDR	D	1.56%
STLD	B	1.55%
CSL	C	1.53%
J	D	1.24%
RS	B	1.24%
RPM	A	1.22%
TRMB	B	1.22%
WLK	D	1.13%
GGG	B	1.05%
POWL	C	0.89%
LECO	C	0.83%
RRX	B	0.8%
BLD	D	0.8%
AGX	B	0.79%
TPC	C	0.75%
MTZ	B	0.75%
WCC	B	0.74%
EXP	B	0.74%
WWD	C	0.72%
AYI	B	0.71%
USLM	A	0.71%
CR	A	0.69%
RBC	A	0.64%
STRL	A	0.59%
CRS	B	0.59%
PRIM	A	0.56%
LPX	B	0.56%
X	B	0.56%
AA	A	0.51%
ATI	C	0.5%
DXPE	C	0.5%
GVA	A	0.49%
ROAD	B	0.49%
CMC	B	0.48%
CSWI	B	0.44%
HRI	C	0.43%
CENX	B	0.43%
CLF	F	0.4%
SUM	B	0.4%
DY	D	0.38%
KNF	B	0.37%
EXPO	D	0.35%
ACA	A	0.35%
GBX	A	0.34%
TRN	B	0.34%
DNOW	B	0.34%
MRC	B	0.3%
MTX	B	0.29%
HAYN	A	0.27%
HEES	C	0.27%
TEX	F	0.25%
ASTE	C	0.25%
MYRG	B	0.25%
MDU	D	0.25%
MTRN	C	0.23%
CMCO	C	0.23%
ATKR	D	0.23%
CXT	C	0.22%
IIIN	C	0.21%
ROCK	C	0.21%
WNC	C	0.18%
CTOS	B	0.18%
RYI	C	0.17%
MTUS	C	0.17%
CALX	D	0.16%
TITN	C	0.13%

PAVE Underweight 24 Positions Relative to PHO

Symbol	Grade	Weight
ROP	B	-8.0%
ECL	D	-7.84%
XYL	D	-6.17%
VLTO	C	-6.02%
WAT	C	-4.19%
ITRI	C	-4.01%
AWK	C	-3.79%
CNM	D	-3.58%
TTC	C	-3.54%
AOS	F	-3.49%
WTRG	B	-2.61%
WTS	B	-1.86%
SBS	B	-1.16%
AWR	B	-0.88%
FELE	B	-0.86%
CWT	C	-0.74%
LNN	B	-0.67%
SJW	F	-0.54%
MSEX	C	-0.43%
ERII	D	-0.36%
ARTNA	F	-0.15%
CWCO	C	-0.13%
YORW	F	-0.11%
GWRS	B	-0.02%