PXF vs. IQDE ETF Comparison

Comparison of PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (PXF) to FlexShares International Quality Dividend Defensive Index Fund (IQDE)

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

$48.89

Average Daily Volume

57,870

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IQDE

FlexShares International Quality Dividend Defensive Index Fund

IQDE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in its underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall volatility.

Grade (RS Rating)

Last Trade

$21.72

Average Daily Volume

1,430

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PXF	IQDE
30 Days	-2.00%	-2.98%
60 Days	-5.16%	-4.67%
90 Days	-4.53%	-5.64%
12 Months	12.45%	11.38%

10 Overlapping Holdings

Symbol	Grade	Weight in PXF	Weight in IQDE	Overlap
AGCO	D	0.06%	0.21%	0.06%
BCS	C	0.8%	0.49%	0.49%
CNI	D	0.16%	0.42%	0.16%
HSBH	B	1.0%	0.15%	0.15%
NVS	D	0.73%	1.25%	0.73%
OTEX	D	0.03%	0.16%	0.03%
SMFG	B	0.72%	0.61%	0.61%
STLA	F	0.27%	0.27%	0.27%
TD	F	0.66%	0.05%	0.05%
UL	D	0.69%	0.11%	0.11%

PXF Overweight 22 Positions Relative to IQDE

Symbol	Grade	Weight
TM	D	1.0%
MUFG	B	0.88%
SONY	B	0.52%
MFG	B	0.51%
E	F	0.45%
HMC	F	0.32%
LYG	F	0.29%
ABBV	D	0.23%
GOLD	D	0.2%
DEO	F	0.2%
NMR	B	0.15%
KB	B	0.12%
SW	A	0.09%
WFG	D	0.07%
WCN	A	0.07%
SHG	D	0.06%
FLUT	A	0.06%
SHOP	B	0.05%
KEP	B	0.03%
LPL	F	0.02%
LOGI	D	0.02%
QGEN	D	0.02%

PXF Underweight 4 Positions Relative to IQDE

Symbol	Grade	Weight
BABA	D	-0.3%
BCH	F	-0.22%
SKM	D	-0.21%
VALE	F	-0.14%

PXF: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Banks - Regional - Asia Consumer Electronics Drug Manufacturers - Major Software - Application Banks - Regional - Europe Beverages - Wineries & Distilleries Capital Markets Computer Systems Diagnostics & Research Farm & Construction Equipment Gambling Gold Household & Personal Products Lumber & Wood Production Oil & Gas Integrated Packaging & Containers Railroads Utilities - Regulated Electric