PIO vs. AREA ETF Comparison

Comparison of PowerShares Global Water Portfolio (PIO) to Harbor AlphaEdge Next Generation REITs ETF (AREA)

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

$40.92

Average Daily Volume

9,693

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AREA

Harbor AlphaEdge Next Generation REITs ETF

AREA Description

AREA targetsNext Generation REITs through a proprietary rules-based methodology. Instead of traditional office, multi-family, retail, and industrial REITs, the fund favors non-traditional REITs (e.g., data center, gaming, healthcare & life sciences, hotel & motel, manufactured homes, and self-storage). From an index universe of 3,000 US-listed securities, the fund relies on FactSets RBICS sub-industry classification in filtering Next-Gen REITs. Each qualified company is scored across five factor composites (capital deployment, momentum, quality, risk, and valuation) for a combined stock selection score based on prevailing business cycle regimes. The index provider then selects and weights securities using an optimizer that measures the risk-adjusted returns of the portfolio against a benchmark with similar holdings. The fund holds between 35 and 70 REITs, subject to certain capping limits. The index is reconstituted and rebalanced monthly.

Grade (RS Rating)

Last Trade

$20.01

Average Daily Volume

182

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PIO	AREA
30 Days	-1.04%	-1.81%
60 Days	-3.06%	-4.28%
90 Days	-2.74%
12 Months	15.14%

0 Overlapping Holdings

	Symbol	Grade	Weight in PIO	Weight in AREA	Overlap

PIO Overweight 12 Positions Relative to AREA

Symbol	Grade	Weight
PNR	A	9.8%
ROP	B	8.36%
ECL	D	8.03%
WAT	C	3.76%
XYL	D	3.62%
VLTO	C	3.58%
AWK	C	2.95%
IEX	C	2.91%
CNM	D	2.64%
WMS	F	1.91%
AOS	F	1.72%
CWCO	C	0.25%

PIO Underweight 33 Positions Relative to AREA

Symbol	Grade	Weight
WY	F	-7.01%
LAMR	C	-6.89%
AMT	C	-6.24%
SBAC	D	-6.1%
EXR	C	-6.05%
HST	C	-5.76%
CUBE	C	-5.4%
ELS	C	-3.81%
IRM	C	-3.75%
EPR	C	-3.65%
SBRA	C	-3.64%
DRH	B	-3.58%
RYN	D	-3.56%
VICI	C	-3.24%
SHO	D	-2.87%
NHI	D	-2.8%
PSA	C	-2.59%
OHI	C	-2.55%
DOC	C	-2.5%
LAND	F	-2.21%
PK	C	-1.74%
OUT	A	-1.5%
SILA	C	-1.26%
NSA	C	-1.21%
LTC	B	-1.13%
INN	D	-1.06%
VTR	B	-1.0%
CCI	C	-0.71%
GLPI	C	-0.48%
INVH	D	-0.42%
XHR	B	-0.26%
PEB	D	-0.25%
DHC	F	-0.19%

PIO: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Water Diagnostics & Research Industrial Distribution Pollution & Treatment Controls Rubber & Plastics Specialty Chemicals