DIVL vs. KBWB ETF Comparison

Comparison of Madison Dividend Value ETF (DIVL) to PowerShares KBW Bank Portfolio ETF (KBWB)

DIVL

Madison Dividend Value ETF

DIVL Description

The fund seeks to achieve its investment objective by investing in equity securities of companies with a market capitalization of over $1 billion and a history of paying dividends, with the ability to increase dividends over time. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in dividend paying equity securities. The fund may also invest up to 50% of its common stock allocation in foreign securities, including ADRs and emerging market securities.

Grade (RS Rating)

Last Trade

$21.77

Average Daily Volume

2,671

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$58.76

Average Daily Volume

804,293

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DIVL	KBWB
30 Days	2.12%	1.37%
60 Days	8.14%	11.34%
90 Days	9.51%	10.72%
12 Months	20.34%	56.79%

2 Overlapping Holdings

	Symbol	Grade	Weight in DIVL	Weight in KBWB	Overlap
	BAC	B	3.63%	7.95%	3.63%
	MS	A	3.86%	8.32%	3.86%

DIVL Overweight 8 Positions Relative to KBWB

Symbol	Grade	Weight
NEE	C	4.44%
ADP	A	4.26%
ABBV	C	4.23%
TXN	C	4.14%
FAST	C	3.89%
HON	C	3.65%
EOG	B	3.64%
AMT	D	3.6%

DIVL Underweight 22 Positions Relative to KBWB

Symbol	Grade	Weight
GS	B	-7.93%
WFC	B	-7.82%
JPM	C	-7.6%
BK	A	-4.3%
MTB	A	-4.14%
COF	A	-4.12%
STT	A	-4.11%
C	B	-4.07%
FITB	C	-4.05%
PNC	C	-4.01%
USB	C	-3.89%
TFC	D	-3.87%
HBAN	B	-3.64%
RF	B	-3.61%
CFG	C	-3.14%
NTRS	B	-3.13%
KEY	B	-2.68%
EWBC	B	-1.94%
WAL	C	-1.62%
FHN	D	-1.4%
CMA	C	-1.36%
ZION	D	-1.18%