PDN vs. IPAC ETF Comparison

Comparison of PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (PDN) to iShares Core MSCI Pacific ETF (IPAC)

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

$32.47

Average Daily Volume

22,613

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPAC

iShares Core MSCI Pacific ETF

IPAC Description

The investment seeks to track the investment results of the MSCI Pacific Investable Market Index (IMI). The index is a free float-adjusted market-capitalization weighted index which consists of stocks from the following five countries: Australia, Hong Kong, Japan, New Zealand and Singapore. The index may include large-, mid- or small-capitalization companies, and components primarily include consumer discretionary, financials and industrials companies. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index.

Grade (RS Rating)

Last Trade

$63.23

Average Daily Volume

67,156

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PDN	IPAC
30 Days	-1.81%	1.59%
60 Days	-6.37%	-4.23%
90 Days	-5.86%	-2.59%
12 Months	9.91%	13.92%

1 Overlapping Holdings

	Symbol	Grade	Weight in PDN	Weight in IPAC	Overlap
	MBAVU	D	0.07%	0.05%	0.05%

PDN Overweight 14 Positions Relative to IPAC

Symbol	Grade	Weight
RBA	A	0.21%
TAC	B	0.17%
AEI	D	0.16%
ASTL	B	0.14%
GOGL	F	0.14%
FRO	F	0.1%
LSPD	C	0.1%
PDS	C	0.09%
XRX	F	0.07%
DOOO	F	0.07%
FLNG	B	0.04%
BBUC	B	0.04%
TRMD	F	0.03%
CLF	F	0.0%

PDN Underweight 13 Positions Relative to IPAC

Symbol	Grade	Weight
TM	D	-2.55%
MUFG	B	-1.86%
SONY	B	-1.66%
SMFG	B	-1.25%
MFG	B	-0.84%
HMC	F	-0.56%
NMR	B	-0.25%
AGCO	D	-0.09%
PIXY	F	-0.02%
CHGX	A	-0.01%
MNTX	C	-0.01%
GCBC	C	-0.0%
RENB	F	-0.0%