RISN vs. PID ETF Comparison

Comparison of Inspire Tactical Balanced ESG ETF (RISN) to PowerShares Intl Dividend Achievers (PID)

RISN

Inspire Tactical Balanced ESG ETF

RISN Description

The investment seeks to provide capital appreciation with lower volatility than the U.S. large cap stock market over the long term. The fund, an actively managed ETF, uses a proprietary system of technical analysis to tactically allocate assets into U.S. large cap stocks when the strategy identifies an uptrend in the U.S. large cap stock market, and shifts into U.S. Treasury bonds via third-party ETFs, investment grade and high-yield corporate bonds, government agency bonds, and listed gold exchange-traded products and exchange-traded notes such as SPDR Gold Shares (GLD) when the strategy identifies a downtrend in the U.S. large cap stock market.

Grade (RS Rating)

Last Trade

$26.05

Average Daily Volume

8,161

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PID

PowerShares Intl Dividend Achievers

PID Description

The PowerShares International Dividend Achievers™ Portfolio (Fund) is based on the NASDAQ International Dividend AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers™. These companies have increased their annual dividend for five or more consecutive fiscal years. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from International Dividend Achievers Index to NASDAQ International Dividend Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$18.34

Average Daily Volume

144,969

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RISN	PID
30 Days	-1.58%	0.41%
60 Days	-1.14%	-1.12%
90 Days	2.79%	2.61%
12 Months	15.66%	3.57%

2 Overlapping Holdings

	Symbol	Grade	Weight in RISN	Weight in PID	Overlap
	CNI	D	1.21%	1.21%	1.21%
	RBA	D	1.22%	0.97%	0.97%

RISN Overweight 63 Positions Relative to PID

Symbol	Grade	Weight
USFR	A	20.56%
ASR	B	1.43%
HEI	B	1.38%
CACI	A	1.38%
TDG	A	1.37%
AZO	D	1.37%
FCNCA	B	1.36%
TTEK	A	1.35%
APH	A	1.35%
GPC	B	1.32%
TXRH	B	1.32%
CSL	B	1.31%
WSO	B	1.31%
RDY	D	1.31%
IBN	B	1.3%
TSM	C	1.29%
COLM	B	1.27%
LFUS	B	1.26%
EME	A	1.26%
CFR	D	1.25%
SWKS	F	1.25%
PAYX	C	1.25%
WLK	B	1.25%
DAR	D	1.24%
TTC	D	1.24%
CPRT	C	1.24%
CTAS	A	1.24%
MAA	B	1.24%
ROP	D	1.23%
CGNX	B	1.23%
PAG	F	1.23%
GNTX	D	1.22%
ROL	A	1.22%
MLM	D	1.22%
CSGP	B	1.22%
LSTR	D	1.21%
EXPD	D	1.2%
ICLR	D	1.2%
NVR	C	1.19%
BRO	C	1.19%
MKTX	F	1.19%
WST	D	1.18%
SNA	D	1.18%
CSX	D	1.18%
NTES	D	1.18%
CHKP	D	1.17%
IDXX	F	1.16%
PCAR	D	1.15%
POOL	D	1.15%
MIDD	D	1.14%
LECO	D	1.14%
GGG	D	1.13%
CHE	D	1.13%
WRB	D	1.12%
NICE	D	1.12%
FAST	D	1.12%
EPAM	D	1.11%
EGP	D	1.11%
LAD	D	1.1%
ODFL	F	1.08%
JBHT	D	1.06%
FICO	C	1.04%
MOH	D	1.01%

RISN Underweight 22 Positions Relative to PID

Symbol	Grade	Weight
AY	B	-4.69%
PHI	B	-4.14%
BTI	B	-3.96%
NGG	A	-3.87%
TD	F	-3.42%
SNY	C	-3.01%
GFI	C	-2.87%
KOF	B	-2.48%
SMFG	C	-2.35%
NVS	B	-2.3%
DEO	F	-1.75%
OTEX	F	-1.72%
MUFG	D	-1.7%
PSO	D	-1.61%
INFY	D	-1.31%
DOX	D	-1.26%
RELX	C	-1.07%
LOGI	D	-0.86%
WTW	D	-0.83%
SAP	D	-0.82%
NVO	C	-0.67%
WCN	D	-0.46%