RUNN vs. PID ETF Comparison

Comparison of Running Oak Efficient Growth ETF (RUNN) to PowerShares Intl Dividend Achievers (PID)

RUNN

Running Oak Efficient Growth ETF

RUNN Description

The fund is in an actively managed exchange-traded fund ("ETF"). Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in exchange-traded equity securities of large and mid-sized U.S. companies with market capitalizations of at least $5 billion. The fund is roughly equally-weighted with 50-75 stocks typically held in the portfolio. The fund may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.75

Average Daily Volume

42,347

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

$19.18

Average Daily Volume

75,916

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RUNN	PID
30 Days	2.63%	-3.03%
60 Days	5.02%	-2.33%
90 Days	6.99%	-0.52%
12 Months	30.86%	15.24%

2 Overlapping Holdings

	Symbol	Grade	Weight in RUNN	Weight in PID	Overlap
	DOX	D	1.65%	1.63%	1.63%
	RBA	A	1.82%	1.12%	1.12%

RUNN Overweight 53 Positions Relative to PID

Symbol	Grade	Weight
HON	C	1.9%
J	D	1.86%
CW	C	1.86%
FDS	B	1.86%
AME	A	1.86%
ETN	A	1.86%
WSO	A	1.86%
PH	A	1.85%
PRI	B	1.85%
FI	A	1.85%
TXRH	B	1.84%
ITT	A	1.83%
GWW	B	1.83%
LDOS	C	1.83%
TDY	B	1.83%
EME	A	1.82%
ADP	A	1.82%
BSX	A	1.82%
V	A	1.82%
BR	A	1.81%
SYK	B	1.8%
SAIA	B	1.79%
ACN	B	1.79%
BRO	B	1.78%
DRI	B	1.78%
NSC	B	1.77%
GD	D	1.76%
IR	B	1.75%
DECK	A	1.75%
RSG	A	1.74%
GGG	B	1.74%
FELE	B	1.74%
CACI	D	1.74%
GOOG	C	1.72%
APD	A	1.72%
CSL	C	1.72%
SSNC	B	1.71%
TSCO	D	1.71%
NVT	B	1.71%
TJX	A	1.71%
ROP	B	1.7%
AJG	A	1.68%
UNH	B	1.68%
TTC	C	1.68%
CI	D	1.67%
STE	D	1.64%
MMC	B	1.64%
BDX	F	1.63%
ICE	C	1.6%
AVY	F	1.59%
FCN	F	1.57%
IQV	F	1.55%
ICLR	D	1.52%

RUNN Underweight 21 Positions Relative to PID

Symbol	Grade	Weight
BTI	B	-4.03%
NGG	D	-3.9%
KOF	F	-3.81%
PHI	D	-3.4%
TD	D	-2.78%
SNY	F	-2.51%
GFI	D	-2.43%
DEO	F	-2.31%
OTEX	F	-2.27%
MUFG	B	-2.27%
SMFG	B	-2.23%
NVS	F	-2.12%
PSO	B	-1.85%
INFY	C	-1.76%
CNI	F	-1.51%
RELX	D	-1.28%
WTW	B	-1.01%
SAP	B	-0.92%
LOGI	D	-0.88%
NVO	F	-0.6%
WCN	A	-0.49%