LVHD vs. PEY ETF Comparison

Comparison of Legg Mason Low Volatility High Dividend ETF (LVHD) to PowerShares High Yield Dividend Achievers (PEY)

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.43

Average Daily Volume

65,493

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

PEY

PowerShares High Yield Dividend Achievers

PEY Description

The PowerShares High Yield Equity Dividend Achievers Portfolio (Fund) is based on the NASDAQ US Dividend AchieversTM 50 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 comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. 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 Mergent Dividend Achievers 50 Index to NASDAQ Dividend Achievers 50 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

$21.74

Average Daily Volume

185,874

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LVHD	PEY
30 Days	3.51%	2.50%
60 Days	8.74%	3.99%
90 Days	13.87%	11.72%
12 Months	20.01%	16.45%

24 Overlapping Holdings

Symbol	Grade	Weight in LVHD	Weight in PEY	Overlap
AVA	C	0.15%	2.03%	0.15%
BKH	B	0.21%	1.88%	0.21%
CVX	D	2.07%	1.31%	1.31%
EVRG	B	0.9%	2.03%	0.9%
FIBK	C	0.14%	3.08%	0.14%
IBM	A	2.49%	1.88%	1.88%
IPG	C	0.93%	1.55%	0.93%
K	A	1.76%	1.95%	1.76%
KMB	D	2.16%	1.51%	1.51%
LYB	F	1.25%	1.88%	1.25%
MO	C	2.45%	3.78%	2.45%
NWE	B	0.12%	2.09%	0.12%
NWN	C	0.08%	2.16%	0.08%
OGE	B	0.44%	2.0%	0.44%
PNC	A	1.72%	1.76%	1.72%
PNW	B	0.69%	1.99%	0.69%
POR	C	0.33%	1.8%	0.33%
SON	D	0.28%	1.17%	0.28%
SR	B	0.18%	2.02%	0.18%
UBSI	C	0.14%	1.99%	0.14%
USB	B	2.25%	2.04%	2.04%
UVV	D	0.09%	2.81%	0.09%
VZ	B	2.38%	2.72%	2.38%
WEC	B	1.45%	1.8%	1.45%

LVHD Overweight 91 Positions Relative to PEY

Symbol	Grade	Weight
LMT	B	2.7%
MCD	B	2.67%
KO	B	2.62%
KDP	B	2.59%
MDLZ	C	2.58%
DUK	B	2.48%
SO	A	2.47%
HD	A	2.46%
PEP	D	2.45%
JNJ	C	2.45%
CSCO	B	2.44%
HSY	D	2.4%
AEP	C	2.25%
GIS	B	2.11%
KHC	C	2.01%
XEL	B	1.94%
EXC	B	1.92%
PAYX	C	1.9%
OKE	B	1.83%
SYY	D	1.79%
VICI	C	1.59%
DRI	B	1.55%
ED	C	1.4%
ETR	A	1.38%
OMC	B	1.1%
DTE	B	1.06%
FANG	D	1.06%
AEE	A	1.04%
NI	B	0.97%
FE	C	0.95%
PKG	B	0.95%
MAA	C	0.91%
EQR	C	0.85%
ESS	C	0.85%
KIM	C	0.82%
LNT	B	0.72%
REG	C	0.67%
WPC	C	0.64%
CUBE	B	0.56%
FNF	B	0.56%
GLPI	C	0.52%
ADC	C	0.49%
BRX	B	0.48%
NNN	C	0.38%
STAG	D	0.34%
DTM	A	0.32%
EPRT	A	0.31%
ONB	C	0.3%
NSA	B	0.29%
DOC	C	0.28%
MSM	D	0.26%
IDA	C	0.25%
EPR	B	0.24%
VLY	C	0.23%
APLE	C	0.22%
OGS	B	0.22%
HIW	B	0.22%
ALE	B	0.21%
FNB	D	0.21%
CTRE	C	0.18%
NJR	B	0.17%
BNL	B	0.16%
FULT	D	0.15%
BOH	D	0.13%
LXP	C	0.13%
NTST	D	0.12%
ROIC	B	0.12%
CBU	D	0.11%
AUB	D	0.11%
FHB	D	0.11%
NHI	C	0.1%
FCPT	C	0.1%
CNA	D	0.09%
CVBF	D	0.09%
LTC	D	0.08%
VGR	B	0.08%
PFS	C	0.08%
DEA	B	0.08%
GTY	C	0.07%
UNIT	C	0.07%
LADR	C	0.06%
NBTB	D	0.06%
FFBC	D	0.06%
HOPE	C	0.06%
TOWN	B	0.06%
AAT	B	0.06%
NWBI	C	0.06%
FRME	D	0.06%
WABC	D	0.05%
PFBC	D	0.05%
FCF	C	0.05%

LVHD Underweight 25 Positions Relative to PEY

Symbol	Grade	Weight
CCOI	C	-3.12%
BMY	C	-2.65%
KEY	B	-2.53%
PM	C	-2.48%
TFC	D	-2.41%
MMM	A	-2.33%
PFE	C	-2.33%
WSBC	D	-2.21%
UGI	C	-2.15%
RF	B	-2.13%
ES	C	-2.11%
INDB	C	-2.01%
BBY	C	-1.99%
WBA	F	-1.94%
UPS	F	-1.71%
BEN	F	-1.7%
SWK	B	-1.64%
PRU	C	-1.61%
PRGO	F	-1.55%
FLO	C	-1.54%
MAN	C	-1.46%
TROW	D	-1.46%
TRN	D	-1.33%
EMN	B	-1.23%
HPQ	D	-1.06%