PIO vs. EBLU ETF Comparison

Comparison of PowerShares Global Water Portfolio (PIO) to Ecofin Global Water ESG Fund (EBLU)

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

$41.48

Average Daily Volume

9,751

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EBLU

Ecofin Global Water ESG Fund

EBLU Description

The Tortoise Global Water ESG Fund uses a passive management approach and seeks investment results that correspond generally to the price and distribution rate performance of the Tortoise Global Water ESG Net Total Return Index®, which is comprised of companies across the globe and throughout the water cycle that we believe are positioned to benefit from the pursuit of solving the water supply/demand imbalance.

Grade (RS Rating)

Last Trade

$50.17

Average Daily Volume

2,235

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PIO	EBLU
30 Days	0.73%	4.15%
60 Days	-2.57%	3.94%
90 Days	-1.88%	10.77%
12 Months	16.16%	31.90%

9 Overlapping Holdings

Symbol	Grade	Weight in PIO	Weight in EBLU	Overlap
AOS	F	1.72%	3.49%	1.72%
AWK	D	2.95%	3.37%	2.95%
CNM	D	2.64%	4.29%	2.64%
ECL	D	8.03%	3.94%	3.94%
IEX	B	2.91%	2.92%	2.91%
PNR	A	9.8%	1.51%	1.51%
VLTO	D	3.58%	0.31%	0.31%
WMS	D	1.91%	3.42%	1.91%
XYL	D	3.62%	0.27%	0.27%

PIO Overweight 3 Positions Relative to EBLU

Symbol	Grade	Weight
ROP	B	8.36%
WAT	B	3.76%
CWCO	C	0.25%

PIO Underweight 13 Positions Relative to EBLU

Symbol	Grade	Weight
ANET	C	-5.99%
ERII	D	-4.87%
BMI	B	-4.12%
FELE	B	-3.53%
WTRG	B	-3.32%
FBIN	D	-3.11%
LNN	B	-2.13%
MWA	B	-1.92%
WTTR	B	-1.35%
MEG	F	-1.3%
TTEK	F	-0.37%
WTS	B	-0.33%
ZWS	B	-0.17%

PIO: Top Represented Industries & Keywords

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