FOVL vs. KBWB ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to PowerShares KBW Bank Portfolio ETF (KBWB)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$73.57

Average Daily Volume

2,250

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

$69.54

Average Daily Volume

979,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	KBWB
30 Days	5.56%	11.89%
60 Days	9.08%	18.35%
90 Days	12.44%	19.89%
12 Months	44.84%	69.36%

9 Overlapping Holdings

Symbol	Grade	Weight in FOVL	Weight in KBWB	Overlap
BAC	A	2.74%	7.9%	2.74%
CMA	B	2.77%	1.32%	1.32%
FHN	A	3.03%	1.59%	1.59%
FITB	B	2.61%	3.78%	2.61%
MTB	A	2.84%	4.3%	2.84%
NTRS	A	2.81%	3.21%	2.81%
PNC	B	2.7%	3.85%	2.7%
RF	A	2.66%	3.52%	2.66%
USB	A	2.63%	3.69%	2.63%

FOVL Overweight 31 Positions Relative to KBWB

Symbol	Grade	Weight
DFS	B	3.0%
FHB	B	2.82%
FNB	A	2.81%
JHG	B	2.77%
ALK	B	2.7%
ETR	B	2.69%
WTM	A	2.65%
OZK	B	2.65%
HPE	B	2.52%
CMCSA	B	2.5%
OGE	A	2.5%
VOYA	B	2.49%
AXS	A	2.49%
PNW	A	2.43%
EVRG	A	2.43%
PFG	D	2.4%
PRGO	C	2.38%
AVT	C	2.36%
MET	A	2.36%
D	C	2.34%
CNA	C	2.34%
MTG	C	2.31%
RNR	C	2.29%
UGI	C	2.25%
RPRX	D	2.18%
BG	D	2.14%
VZ	C	2.13%
CWEN	C	2.08%
ADM	D	2.04%
CRI	F	1.91%
CNXC	F	1.88%

FOVL Underweight 15 Positions Relative to KBWB

Symbol	Grade	Weight
MS	A	-8.9%
WFC	A	-8.73%
GS	A	-7.94%
JPM	A	-7.51%
COF	C	-4.29%
BK	A	-3.97%
C	A	-3.8%
STT	B	-3.8%
HBAN	A	-3.78%
TFC	A	-3.63%
CFG	B	-3.05%
KEY	B	-2.65%
EWBC	A	-2.1%
WAL	B	-1.44%
ZION	B	-1.28%