ACVF vs. PDN ETF Comparison

Comparison of American Conservative Values ETF (ACVF) to PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (PDN)

ACVF

American Conservative Values ETF

ACVF Description

The investment seeks to achieve long-term capital appreciation; capital preservation is the secondary objective. Under normal circumstances, the fund seeks to meet its investment objective by investing at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of U.S. companies that meet its politically conservative criteria. The equity securities in which It invests will generally be those of companies with large market capitalizations.

Grade (RS Rating)

Last Trade

$43.55

Average Daily Volume

8,820

Number of Holdings ^*

362

* may have additional holdings in another (foreign) market

PDN

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

PDN Description

The PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (Fund) is based on the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 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 small and mid capitalization equities of companies domiciled in developed international markets (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

$34.71

Average Daily Volume

78,379

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ACVF	PDN
30 Days	3.39%	2.97%
60 Days	10.81%	10.11%
90 Days	4.46%	6.51%
12 Months	33.11%	23.75%

1 Overlapping Holdings

	Symbol	Grade	Weight in ACVF	Weight in PDN	Overlap
	RBA	D	0.15%	0.16%	0.15%

ACVF Overweight 361 Positions Relative to PDN

Symbol	Grade	Weight
NVDA	B	7.07%
MSFT	D	4.83%
BRK.A	B	2.8%
AVGO	B	2.15%
HD	A	1.79%
LLY	D	1.74%
COST	C	1.74%
MA	A	1.67%
PG	D	1.66%
TSLA	C	1.54%
CSCO	A	1.48%
XOM	A	1.42%
ORCL	A	1.09%
MCD	A	1.07%
ADBE	F	0.99%
PEP	F	0.97%
LIN	C	0.93%
TMUS	A	0.92%
ABBV	C	0.9%
TJX	D	0.89%
ACN	B	0.88%
INTU	F	0.86%
NOW	B	0.84%
BKNG	B	0.84%
SO	A	0.79%
MSI	A	0.78%
MRK	F	0.78%
MDLZ	D	0.76%
ANET	A	0.71%
FI	A	0.69%
AMD	C	0.69%
CVX	B	0.68%
SPGI	C	0.65%
CI	D	0.63%
AMAT	C	0.62%
TMO	D	0.62%
NEE	C	0.6%
QCOM	D	0.59%
PM	D	0.59%
ISRG	C	0.59%
TXN	C	0.59%
ETN	B	0.58%
DHR	D	0.58%
WFC	B	0.57%
UBER	C	0.57%
CAT	A	0.54%
ABT	C	0.52%
ADI	B	0.51%
CPRT	B	0.51%
GE	B	0.48%
SNPS	F	0.48%
LRCX	D	0.47%
ORLY	A	0.47%
ROP	D	0.46%
CME	A	0.45%
ELV	F	0.45%
HON	C	0.44%
MAR	A	0.44%
RTX	A	0.44%
PANW	B	0.43%
CDNS	D	0.43%
DE	C	0.43%
MCO	D	0.43%
C	B	0.42%
WM	B	0.42%
ICE	A	0.41%
SPOT	C	0.41%
AMGN	D	0.41%
KLAC	B	0.4%
GRMN	D	0.4%
CB	A	0.4%
UNP	F	0.4%
ABNB	D	0.38%
CTAS	C	0.38%
BX	C	0.37%
RSG	D	0.37%
LMT	A	0.37%
PLD	D	0.37%
MU	D	0.36%
VRSN	C	0.36%
ROST	D	0.35%
CHTR	D	0.35%
ADP	A	0.35%
FICO	C	0.33%
INTC	D	0.32%
PNC	C	0.31%
VRSK	D	0.31%
OMC	C	0.31%
BMY	A	0.31%
SYK	C	0.3%
MPC	D	0.3%
VRTX	D	0.3%
MDT	C	0.3%
EXPE	B	0.29%
REGN	D	0.29%
AZO	D	0.29%
ADSK	B	0.28%
DFS	A	0.28%
BSX	A	0.28%
MMC	D	0.27%
MS	A	0.27%
DASH	A	0.27%
EA	D	0.26%
MET	A	0.26%
EQIX	C	0.25%
CL	D	0.25%
CTSH	B	0.25%
AMT	D	0.24%
USB	C	0.24%
FCX	B	0.23%
UPS	D	0.22%
MO	D	0.22%
MCK	F	0.22%
HPE	B	0.22%
TSCO	A	0.21%
COP	D	0.21%
IPG	D	0.21%
SHW	C	0.21%
NXPI	F	0.2%
BA	F	0.2%
WDAY	D	0.2%
FFIV	B	0.2%
CBOE	B	0.2%
HUM	F	0.2%
KKR	A	0.2%
ZBRA	B	0.2%
TTWO	D	0.19%
TFC	D	0.19%
CSX	D	0.19%
STZ	D	0.19%
IT	A	0.19%
CVS	D	0.19%
APH	D	0.19%
NOC	B	0.19%
PH	A	0.18%
TT	A	0.18%
ZTS	C	0.18%
EMR	B	0.18%
MNST	D	0.18%
JCI	C	0.18%
ECL	C	0.17%
APD	C	0.17%
HLT	A	0.17%
AMP	A	0.17%
ANSS	D	0.17%
HPQ	B	0.16%
BLDR	C	0.16%
SCHW	D	0.16%
AON	A	0.16%
GPN	F	0.16%
MANH	A	0.16%
GEV	A	0.16%
PSA	C	0.16%
JBL	C	0.16%
ITW	C	0.15%
FDX	F	0.15%
CMI	A	0.15%
BDX	C	0.15%
CRWD	D	0.14%
DUK	C	0.14%
CBRE	C	0.14%
COF	A	0.14%
TEL	D	0.14%
DHI	C	0.14%
SKX	B	0.14%
PARA	F	0.14%
FTNT	A	0.14%
SLB	D	0.14%
RKT	D	0.13%
LHX	A	0.13%
FIS	A	0.13%
TDG	A	0.13%
FOXA	B	0.13%
CCI	D	0.12%
WELL	C	0.12%
NWSA	D	0.12%
LAD	C	0.12%
EOG	B	0.12%
F	D	0.12%
PAYX	B	0.12%
PCAR	D	0.12%
CTVA	A	0.11%
HCA	C	0.11%
FITB	C	0.11%
PINS	D	0.11%
FOX	B	0.11%
NWS	D	0.11%
CEG	A	0.1%
NUE	D	0.1%
NEM	C	0.1%
STT	A	0.1%
GWW	B	0.1%
EBAY	A	0.1%
FAST	C	0.1%
LEN	C	0.1%
MMM	C	0.1%
DLR	C	0.1%
GILD	A	0.09%
EW	F	0.09%
ADM	F	0.09%
IQV	F	0.09%
MGM	D	0.09%
PEG	A	0.09%
LYV	A	0.09%
KMB	D	0.09%
KMI	A	0.09%
OXY	D	0.09%
HIG	A	0.08%
RF	B	0.08%
SPG	A	0.08%
GEHC	C	0.08%
WMB	A	0.08%
VLTO	A	0.08%
GLW	C	0.08%
EFX	D	0.08%
CARR	A	0.08%
WTW	C	0.08%
GD	C	0.08%
GIS	C	0.08%
RCL	B	0.08%
GPC	D	0.07%
NTRS	B	0.07%
WAB	A	0.07%
BKR	B	0.07%
A	B	0.07%
RJF	B	0.07%
KSS	D	0.07%
TROW	D	0.07%
XEL	C	0.07%
IR	A	0.07%
ODFL	F	0.07%
DG	F	0.07%
OKE	A	0.07%
MCHP	F	0.07%
CNC	F	0.07%
PPG	D	0.07%
LUV	B	0.06%
DD	C	0.06%
AAL	D	0.06%
OTIS	A	0.06%
UAA	B	0.06%
KEYS	B	0.06%
BR	B	0.06%
CAH	B	0.06%
AFL	A	0.06%
KHC	F	0.06%
EQR	C	0.06%
UA	B	0.06%
BALL	C	0.06%
ETSY	F	0.06%
DRI	C	0.06%
EIX	C	0.06%
AME	C	0.06%
AVB	C	0.06%
IP	C	0.06%
CFG	C	0.06%
CDW	D	0.06%
BK	A	0.06%
BBY	C	0.06%
PRU	B	0.05%
RMD	C	0.05%
TRV	B	0.05%
EL	D	0.05%
DTE	B	0.05%
AMCR	C	0.05%
EXPD	D	0.05%
AIG	C	0.05%
CHD	D	0.05%
IDXX	D	0.05%
NSC	C	0.05%
ES	D	0.05%
WY	C	0.05%
ALL	A	0.05%
ILMN	B	0.05%
DXCM	F	0.05%
CINF	A	0.05%
STX	C	0.05%
FTV	C	0.05%
TYL	D	0.05%
HAL	D	0.05%
AJG	C	0.05%
FE	C	0.05%
WEC	B	0.05%
LYB	B	0.05%
HSY	D	0.05%
APTV	D	0.05%
LVS	B	0.05%
MSCI	B	0.05%
VTR	C	0.04%
L	C	0.04%
KR	C	0.04%
EXC	C	0.04%
HES	D	0.04%
VEEV	C	0.04%
ULTA	D	0.04%
UAL	A	0.04%
AEP	C	0.04%
PHM	C	0.04%
YUM	C	0.04%
PKG	B	0.04%
DPZ	D	0.04%
DOW	B	0.04%
HBAN	B	0.04%
J	F	0.04%
WYNN	B	0.03%
XYL	C	0.03%
ROK	D	0.03%
BBWI	F	0.03%
TPR	B	0.03%
CNP	B	0.03%
AWK	D	0.03%
PWR	A	0.03%
O	C	0.03%
BWA	C	0.03%
CHRW	C	0.03%
D	A	0.03%
MKC	C	0.03%
ZBH	F	0.03%
PFG	A	0.03%
KEY	B	0.03%
SRE	C	0.03%
DLTR	F	0.03%
POOL	D	0.03%
SYY	D	0.03%
PAYC	D	0.02%
JBHT	D	0.02%
EXR	D	0.02%
PVH	D	0.02%
RL	B	0.02%
INCY	B	0.02%
IFF	D	0.02%
MOS	F	0.02%
HST	D	0.02%
SBAC	C	0.02%
WBA	F	0.02%
BIIB	F	0.02%
LKQ	F	0.02%
HOLX	D	0.02%
ARE	D	0.02%
SW	C	0.02%
VMC	D	0.02%
MKTX	B	0.02%
FMC	C	0.01%
AEE	A	0.01%
AAP	F	0.01%
PHIN	D	0.01%
SLVM	C	0.01%
ALB	D	0.01%
SYF	A	0.01%
ED	C	0.01%
AES	C	0.01%
BEN	F	0.01%
SOLV	C	0.01%
CE	D	0.01%
HAS	A	0.01%
CLX	C	0.01%
MAA	D	0.01%
MTD	C	0.0%
EMBC	F	0.0%
FTRE	F	0.0%
IVZ	A	0.0%

ACVF Underweight 16 Positions Relative to PDN

Symbol	Grade	Weight
IAG	C	-0.25%
PRMW	B	-0.18%
TAC	A	-0.16%
AEI	C	-0.15%
GOGL	C	-0.14%
ASTL	C	-0.12%
FRO	B	-0.1%
LSPD	C	-0.09%
PDS	F	-0.08%
MBAVU	C	-0.08%
DOOO	F	-0.08%
HAFN	B	-0.08%
XRX	D	-0.05%
BBUC	B	-0.04%
FLNG	B	-0.04%
TRMD	D	-0.04%