PIO vs. PPI ETF Comparison

Comparison of PowerShares Global Water Portfolio (PIO) to AXS Astoria Inflation Sensitive ETF (PPI)

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

$40.28

Average Daily Volume

7,517

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PPI

AXS Astoria Inflation Sensitive ETF

PPI Description

AXS Astoria Inflation Sensitive ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is co-managed by AXS Investments LLC, Astoria Portfolio Advisors LLC. It invests in public equity, fixed income and commodity markets of the United States. For its equity portion, it invests in stocks of companies operating across energy, financials, industrials and materials sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities of varying maturities. For its commodity portion, it invests through other funds in commodities. The fund employs fundamental and quantitative analysis with top-down securities picking approach to create its portfolio. The fund employs internal and external research to create its portfolio. AXS Astoria Inflation Sensitive ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.82

Average Daily Volume

16,826

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PIO	PPI
30 Days	-4.74%	-5.04%
60 Days	-1.39%	-5.00%
90 Days	-6.13%	-6.88%
12 Months	15.43%	19.80%

1 Overlapping Holdings

	Symbol	Grade	Weight in PIO	Weight in PPI	Overlap
	WMS	C	1.84%	1.59%	1.59%

PIO Overweight 11 Positions Relative to PPI

Symbol	Grade	Weight
ROP	A	8.26%
PNR	D	8.22%
DHR	C	8.17%
ECL	B	4.35%
AWK	B	4.25%
XYL	C	4.1%
VLTO	B	3.95%
WAT	D	2.93%
IEX	D	1.92%
AOS	D	1.89%
CWCO	D	0.38%

PIO Underweight 30 Positions Relative to PPI

Symbol	Grade	Weight
SCHP	A	-5.3%
GLDM	D	-4.31%
XHLF	A	-4.1%
EME	C	-3.12%
VLO	C	-3.01%
BLDR	F	-3.0%
CAT	C	-2.88%
XOM	C	-2.85%
GCC	D	-2.62%
MPC	C	-2.52%
GDX	C	-2.32%
URI	D	-2.28%
DVN	C	-2.22%
TBIL	A	-2.06%
STLD	C	-1.98%
EOG	C	-1.92%
PCAR	D	-1.76%
CF	D	-1.66%
CE	D	-1.63%
GPK	D	-1.18%
LYB	C	-1.1%
RPM	C	-1.09%
GLTR	D	-1.07%
GWW	D	-1.01%
E	D	-0.99%
NUE	F	-0.96%
SWN	D	-0.95%
RS	D	-0.93%
OVV	D	-0.92%
LECO	D	-0.82%

PIO: Top Represented Industries & Keywords

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