PGJ vs. IPO ETF Comparison

Comparison of PowerShares Golden Dragon China Portfolio (PGJ) to Renaissance IPO ETF (IPO)

PGJ

PowerShares Golden Dragon China Portfolio

PGJ Description

The PowerShares Golden Dragon China Portfolio (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People’s Republic of China and that comprise the Underlying Index. The Underlying Index is composed of US exchange-listed companies that are headquartered or incorporated in the People’s Republic of China. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$26.54

Average Daily Volume

66,619

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.06

Average Daily Volume

53,083

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PGJ	IPO
30 Days	5.36%	-5.56%
60 Days	4.57%	-4.08%
90 Days	19.07%	8.53%
12 Months	6.01%	39.91%

2 Overlapping Holdings

	Symbol	Grade	Weight in PGJ	Weight in IPO	Overlap
	BZ	A	3.39%	2.42%	2.42%
	YMM	A	3.13%	2.17%	2.17%

PGJ Overweight 49 Positions Relative to IPO

Symbol	Grade	Weight
TCOM	A	8.59%
BABA	B	8.06%
YUMC	F	7.33%
BIDU	C	7.16%
NTES	D	6.17%
JD	B	5.04%
TME	A	4.74%
ZTO	B	4.42%
BEKE	A	4.06%
HTHT	A	3.75%
VIPS	C	3.42%
NIO	D	2.94%
TAL	B	2.92%
LI	D	2.29%
QFIN	A	1.59%
IQ	B	1.38%
ATHM	C	1.01%
DQ	F	1.0%
MNSO	B	0.97%
HOLI	D	0.92%
XPEV	D	0.88%
BILI	B	0.84%
RLX	B	0.79%
ATAT	B	0.65%
GOTU	B	0.6%
MOMO	B	0.6%
CSIQ	F	0.59%
FINV	B	0.56%
JKS	D	0.53%
WB	B	0.46%
ZLAB	F	0.45%
EH	B	0.4%
GDS	B	0.35%
QD	D	0.28%
TIGR	D	0.26%
NOAH	B	0.25%
HUYA	A	0.25%
SOHU	A	0.23%
KC	D	0.14%
LX	D	0.14%
CAN	F	0.13%
TUYA	B	0.13%
VNET	D	0.13%
DADA	D	0.13%
API	D	0.12%
ZH	F	0.11%
DDL	C	0.1%
IMAB	F	0.08%
DAO	F	0.08%

PGJ Underweight 43 Positions Relative to IPO

Symbol	Grade	Weight
KVUE	F	-9.85%
COIN	C	-9.62%
NU	C	-9.54%
APP	A	-5.48%
HOOD	B	-4.18%
ARM	D	-3.87%
CNM	A	-3.67%
PATH	F	-2.73%
ONON	C	-2.56%
DUOL	A	-2.41%
RIVN	F	-2.26%
CRBG	A	-2.24%
CFLT	F	-2.1%
PCOR	D	-2.06%
S	C	-1.91%
GTLB	D	-1.86%
MNDY	C	-1.74%
RYAN	B	-1.74%
DV	D	-1.57%
EDR	A	-1.55%
GFS	D	-1.4%
HCP	A	-1.17%
TPG	C	-1.16%
GLBE	F	-1.14%
FRSH	F	-1.09%
DOCS	D	-0.99%
MQ	D	-0.93%
BRZE	D	-0.82%
DOCN	D	-0.75%
SQSP	B	-0.74%
NUVL	C	-0.65%
AGL	F	-0.54%
YOU	D	-0.53%
INFA	D	-0.51%
BROS	F	-0.5%
DLO	F	-0.48%
BIRK	D	-0.42%
PYCR	F	-0.42%
FLNC	B	-0.36%
PWSC	F	-0.36%
ACT	A	-0.32%
BLCO	F	-0.19%
INST	F	-0.14%