PXF vs. HDMV ETF Comparison

Comparison of PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (PXF) to First Trust Horizon Managed Volatility Developed International ETF (HDMV)

PXF

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

PXF Description

The PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (Fund) is based on the FTSE RAFI Developed Markets ex-U.S. 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 the largest developed market equities (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

$48.68

Average Daily Volume

54,608

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HDMV

First Trust Horizon Managed Volatility Developed International ETF

HDMV Description

The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks and depositary receipts of developed market companies listed and traded on non-U.S. exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Grade (RS Rating)

Last Trade

$28.39

Average Daily Volume

2,103

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PXF	HDMV
30 Days	-1.10%	0.02%
60 Days	0.25%	0.57%
90 Days	-0.66%	-1.54%
12 Months	13.47%	3.78%

5 Overlapping Holdings

Symbol	Grade	Weight in PXF	Weight in HDMV	Overlap
ABBV	B	0.22%	0.4%	0.22%
E	D	0.47%	0.44%	0.44%
NVS	A	0.74%	0.9%	0.74%
QGEN	D	0.02%	0.55%	0.02%
UL	B	0.66%	1.45%	0.66%

PXF Overweight 25 Positions Relative to HDMV

Symbol	Grade	Weight
TM	D	1.17%
MUFG	C	0.78%
SMFG	A	0.66%
TD	F	0.63%
BCS	C	0.62%
SONY	C	0.46%
MFG	A	0.45%
STLA	F	0.41%
HMC	D	0.39%
LYG	B	0.29%
DEO	F	0.22%
GOLD	C	0.2%
CNI	D	0.17%
NMR	C	0.15%
KB	B	0.1%
WCN	A	0.06%
AGCO	F	0.06%
SHG	B	0.05%
WFG	D	0.05%
FLUT	F	0.04%
SHOP	C	0.03%
LPL	C	0.03%
OTEX	D	0.03%
LOGI	B	0.03%
KEP	F	0.02%

PXF Underweight 2 Positions Relative to HDMV

	Symbol	Grade	Weight
	CCEP	B	-0.79%
	CHKP	B	-0.64%