PXH vs. HDAW ETF Comparison

Comparison of PowerShares FTSE RAFI Emerging Markets Portfolio (PXH) to Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF (HDAW)

PXH

PowerShares FTSE RAFI Emerging Markets Portfolio

PXH Description

The PowerShares FTSE RAFI Emerging Markets Portfolio (Fund) is based on the FTSE RAFI Emerging Markets 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 Emerging Market equities, 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

$22.23

Average Daily Volume

136,307

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HDAW

Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF

HDAW Description

The investment seeks investment results that correspond generally to the performance of the MSCI ACWI ex US High Dividend Yield US Dollar Hedged Index. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to reflect the performance of equities (excluding REITs) in its parent index, the MSCI ACWI ex US Index, with higher dividend income and quality characteristics than average dividend yields of equities in the parent index, where such higher dividend income and quality characteristics are both sustainable and persistent. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.36

Average Daily Volume

2,316

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PXH	HDAW
30 Days	8.86%	3.93%
60 Days	13.22%	0.14%
90 Days	11.60%	6.00%
12 Months	30.69%	12.16%

6 Overlapping Holdings

Symbol	Grade	Weight in PXH	Weight in HDAW	Overlap
ABEV	C	0.24%	0.22%	0.22%
CHT	B	0.23%	0.29%	0.23%
GGB	C	0.27%	0.11%	0.11%
QFIN	A	0.13%	0.05%	0.05%
UMC	B	0.53%	0.38%	0.38%
VALE	C	2.09%	0.83%	0.83%

PXH Overweight 20 Positions Relative to HDAW

Symbol	Grade	Weight
BABA	B	4.35%
HDB	C	0.89%
BIDU	C	0.57%
TCOM	B	0.28%
SBSW	D	0.28%
YUMC	C	0.21%
IBN	C	0.2%
BRFS	C	0.16%
VIPS	C	0.14%
PDD	D	0.13%
ERJ	C	0.13%
BEKE	B	0.12%
BCH	B	0.09%
ASAI	F	0.08%
DQ	D	0.08%
JKS	C	0.08%
WIT	C	0.08%
CSAN	D	0.07%
CSIQ	D	0.06%
TME	D	0.06%

PXH Underweight 10 Positions Relative to HDAW

Symbol	Grade	Weight
NVS	C	-4.65%
UL	B	-3.06%
STLA	F	-0.95%
HDEF	B	-0.44%
SCCO	C	-0.2%
AGCO	D	-0.14%
DEM	B	-0.13%
ATHM	B	-0.04%
SKM	B	-0.04%
KT	B	-0.02%