PFM vs. ACVF ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to American Conservative Values ETF (ACVF)

PFM

PowerShares Dividend Achievers

PFM Description

The PowerShares Dividend AchieversTM Portfolio (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend AchieversTM Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 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 Broad Dividend Achievers Index to NASDAQ US Broad 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

$47.68

Average Daily Volume

24,412

Number of Holdings ^*

416

* may have additional holdings in another (foreign) market

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

$45.63

Average Daily Volume

7,781

Number of Holdings ^*

363

* may have additional holdings in another (foreign) market

Performance

Period	PFM	ACVF
30 Days	2.19%	3.66%
60 Days	2.87%	5.20%
90 Days	5.56%	6.60%
12 Months	26.89%	31.26%

154 Overlapping Holdings

Symbol	Grade	Weight in PFM	Weight in ACVF	Overlap
A	D	0.16%	0.06%	0.06%
ABBV	D	1.27%	0.77%	0.77%
ABT	B	0.88%	0.51%	0.51%
ACN	C	0.95%	0.88%	0.88%
ADI	D	0.45%	0.44%	0.44%
ADM	D	0.11%	0.07%	0.07%
ADP	B	0.53%	0.38%	0.38%
AEE	A	0.11%	0.01%	0.01%
AEP	D	0.22%	0.03%	0.03%
AES	F	0.04%	0.01%	0.01%
AFL	B	0.27%	0.06%	0.06%
AJG	B	0.28%	0.05%	0.05%
ALB	C	0.05%	0.01%	0.01%
ALL	A	0.23%	0.05%	0.05%
AMGN	D	0.65%	0.37%	0.37%
AMP	A	0.24%	0.2%	0.2%
AMT	D	0.4%	0.19%	0.19%
AON	A	0.36%	0.17%	0.17%
APD	A	0.32%	0.17%	0.17%
APH	A	0.37%	0.2%	0.2%
ARE	D	0.08%	0.02%	0.02%
AVGO	D	3.32%	2.01%	2.01%
AWK	D	0.11%	0.02%	0.02%
BBY	D	0.08%	0.06%	0.06%
BDX	F	0.28%	0.14%	0.14%
BEN	C	0.05%	0.01%	0.01%
BK	A	0.25%	0.07%	0.07%
BMY	B	0.5%	0.35%	0.35%
BR	A	0.12%	0.06%	0.06%
CAH	B	0.13%	0.07%	0.07%
CAT	B	0.81%	0.51%	0.51%
CB	C	0.5%	0.38%	0.38%
CBOE	B	0.09%	0.18%	0.09%
CDW	F	0.1%	0.05%	0.05%
CHD	B	0.12%	0.05%	0.05%
CHRW	C	0.06%	0.03%	0.03%
CINF	A	0.1%	0.05%	0.05%
CL	D	0.33%	0.21%	0.21%
CLX	B	0.09%	0.01%	0.01%
CME	A	0.35%	0.45%	0.35%
CMI	A	0.21%	0.16%	0.16%
COR	B	0.21%	0.13%	0.13%
COST	B	1.76%	1.72%	1.72%
CSCO	B	1.0%	1.59%	1.0%
CSX	B	0.29%	0.19%	0.19%
CTAS	B	0.38%	0.4%	0.38%
CVX	A	1.27%	0.73%	0.73%
DFS	B	0.19%	0.34%	0.19%
DHR	F	0.72%	0.49%	0.49%
DPZ	C	0.07%	0.04%	0.04%
DTE	C	0.11%	0.04%	0.04%
DUK	C	0.38%	0.13%	0.13%
ECL	D	0.3%	0.16%	0.16%
ED	D	0.14%	0.01%	0.01%
EIX	B	0.14%	0.06%	0.06%
ELV	F	0.4%	0.34%	0.34%
EMR	A	0.32%	0.21%	0.21%
ES	D	0.1%	0.04%	0.04%
ETN	A	0.62%	0.61%	0.61%
EXPD	D	0.07%	0.04%	0.04%
EXR	D	0.15%	0.01%	0.01%
FAST	B	0.2%	0.11%	0.11%
FITB	A	0.14%	0.12%	0.12%
GD	F	0.34%	0.08%	0.08%
GLW	B	0.17%	0.08%	0.08%
GPC	D	0.07%	0.06%	0.06%
GWW	B	0.25%	0.11%	0.11%
HD	A	1.76%	1.77%	1.76%
HIG	B	0.15%	0.07%	0.07%
HON	B	0.64%	0.47%	0.47%
HPQ	B	0.16%	0.15%	0.15%
HSY	F	0.11%	0.05%	0.05%
HUM	C	0.14%	0.18%	0.14%
ICE	C	0.39%	0.38%	0.38%
INTU	C	0.82%	0.92%	0.82%
IPG	D	0.04%	0.19%	0.04%
ITW	B	0.35%	0.14%	0.14%
JBHT	C	0.08%	0.02%	0.02%
KEY	B	0.08%	0.04%	0.04%
KLAC	D	0.36%	0.3%	0.3%
KMB	D	0.2%	0.08%	0.08%
KR	B	0.18%	0.04%	0.04%
LAD	A	0.04%	0.14%	0.04%
LHX	C	0.2%	0.14%	0.14%
LIN	D	0.93%	0.85%	0.85%
LMT	D	0.55%	0.34%	0.34%
LYB	F	0.12%	0.04%	0.04%
MA	C	2.06%	1.7%	1.7%
MAA	B	0.08%	0.01%	0.01%
MCD	D	0.9%	1.0%	0.9%
MCHP	D	0.15%	0.06%	0.06%
MCK	B	0.34%	0.28%	0.28%
MCO	B	0.37%	0.42%	0.37%
MDLZ	F	0.37%	0.65%	0.37%
MDT	D	0.48%	0.29%	0.29%
MET	A	0.25%	0.25%	0.25%
MKC	D	0.08%	0.03%	0.03%
MKTX	D	0.04%	0.02%	0.02%
MMC	B	0.48%	0.26%	0.26%
MMM	D	0.31%	0.09%	0.09%
MO	A	0.41%	0.23%	0.23%
MRK	F	1.06%	0.65%	0.65%
MS	A	0.94%	0.33%	0.33%
MSFT	F	3.91%	4.56%	3.91%
MSI	B	0.35%	0.83%	0.35%
NEE	D	0.68%	0.51%	0.51%
NOC	D	0.31%	0.18%	0.18%
NUE	C	0.15%	0.09%	0.09%
O	D	0.21%	0.02%	0.02%
ORCL	B	2.21%	1.18%	1.18%
PAYX	C	0.22%	0.13%	0.13%
PEG	A	0.19%	0.08%	0.08%
PEP	F	0.94%	0.9%	0.9%
PFG	D	0.09%	0.03%	0.03%
PG	A	1.73%	1.53%	1.53%
PKG	A	0.09%	0.04%	0.04%
PLD	D	0.46%	0.33%	0.33%
PM	B	0.88%	0.58%	0.58%
PNC	B	0.35%	0.33%	0.33%
POOL	C	0.06%	0.03%	0.03%
PPG	F	0.12%	0.07%	0.07%
PRU	A	0.2%	0.04%	0.04%
QCOM	F	0.79%	0.52%	0.52%
RF	A	0.1%	0.08%	0.08%
RJF	A	0.15%	0.09%	0.09%
RMD	C	0.15%	0.04%	0.04%
ROK	B	0.14%	0.03%	0.03%
ROP	B	0.26%	0.46%	0.26%
RSG	A	0.28%	0.38%	0.28%
RTX	C	0.69%	0.44%	0.44%
SHW	A	0.41%	0.21%	0.21%
SO	D	0.42%	0.75%	0.42%
SPGI	C	0.68%	0.62%	0.62%
SRE	A	0.25%	0.03%	0.03%
STT	A	0.12%	0.1%	0.1%
SYK	C	0.64%	0.31%	0.31%
SYY	B	0.16%	0.03%	0.03%
TFC	A	0.27%	0.2%	0.2%
TROW	B	0.11%	0.07%	0.07%
TRV	B	0.26%	0.05%	0.05%
TSCO	D	0.13%	0.19%	0.13%
TT	A	0.4%	0.18%	0.18%
TXN	C	0.82%	0.56%	0.56%
UNP	C	0.62%	0.38%	0.38%
UPS	C	0.43%	0.21%	0.21%
USB	A	0.34%	0.26%	0.26%
VMC	B	0.16%	0.03%	0.03%
WBA	F	0.03%	0.02%	0.02%
WEC	A	0.13%	0.05%	0.05%
WM	A	0.38%	0.44%	0.38%
XEL	A	0.17%	0.07%	0.07%
XOM	B	2.31%	1.46%	1.46%
XYL	D	0.13%	0.02%	0.02%
ZTS	D	0.35%	0.16%	0.16%

PFM Overweight 262 Positions Relative to ACVF

Symbol	Grade	Weight
AAPL	C	3.9%
JPM	A	3.01%
WMT	A	2.92%
UNH	C	2.35%
V	A	2.25%
JNJ	D	1.61%
BAC	A	1.56%
KO	D	1.15%
IBM	C	0.83%
GS	A	0.8%
VZ	C	0.77%
CMCSA	B	0.72%
BLK	C	0.67%
LOW	D	0.66%
PFE	D	0.61%
SBUX	A	0.49%
NKE	D	0.39%
TGT	F	0.31%
EPD	A	0.29%
PSX	C	0.24%
MPLX	A	0.21%
NDAQ	A	0.2%
BRO	B	0.13%
DOV	A	0.12%
WST	C	0.1%
ATO	A	0.1%
WRB	A	0.1%
HUBB	B	0.1%
CSL	C	0.09%
CMS	C	0.09%
STE	F	0.09%
STLD	B	0.09%
LII	A	0.09%
RPM	A	0.08%
DGX	A	0.08%
BAH	F	0.08%
FDS	B	0.08%
TSN	B	0.08%
WSO	A	0.08%
SNA	A	0.08%
ERIE	D	0.08%
ESS	B	0.08%
GGG	B	0.07%
RGA	A	0.07%
LNT	A	0.07%
AVY	D	0.07%
FIX	A	0.07%
HRL	D	0.07%
WLK	D	0.07%
NI	A	0.07%
FNF	B	0.07%
WSM	B	0.07%
MAS	D	0.07%
RS	B	0.07%
IEX	B	0.07%
ELS	C	0.06%
SWK	D	0.06%
UNM	A	0.06%
REG	B	0.06%
RNR	C	0.06%
MORN	B	0.06%
NDSN	B	0.06%
UDR	B	0.06%
EVRG	A	0.06%
HEI	B	0.06%
CASY	A	0.06%
SEIC	B	0.05%
WTRG	B	0.05%
CUBE	D	0.05%
ATR	B	0.05%
EVR	B	0.05%
RRX	B	0.05%
AIZ	A	0.05%
AFG	A	0.05%
SJM	D	0.05%
LECO	B	0.05%
EMN	D	0.05%
ITT	A	0.05%
SCI	B	0.05%
JKHY	D	0.05%
ENSG	D	0.04%
EGP	F	0.04%
CHE	D	0.04%
TTC	D	0.04%
OGE	B	0.04%
ZION	B	0.04%
AOS	F	0.04%
WTFC	A	0.04%
CFR	B	0.04%
INGR	B	0.04%
DCI	B	0.04%
REXR	F	0.04%
CBSH	A	0.04%
RGLD	C	0.04%
ORI	A	0.04%
GL	B	0.04%
AIT	A	0.04%
CHDN	B	0.04%
PRI	A	0.04%
PNW	B	0.04%
THG	A	0.03%
TRNO	F	0.03%
THO	B	0.03%
FFIN	B	0.03%
UMBF	B	0.03%
SIGI	C	0.03%
LFUS	F	0.03%
IDA	A	0.03%
CBT	C	0.03%
HOMB	A	0.03%
BMI	B	0.03%
STAG	F	0.03%
MSA	D	0.03%
FAF	A	0.03%
CADE	B	0.03%
FR	C	0.03%
AGCO	D	0.03%
R	B	0.03%
OSK	B	0.03%
AXS	A	0.03%
BOKF	B	0.03%
SSD	D	0.03%
ADC	B	0.03%
RHI	B	0.03%
HII	D	0.03%
NNN	D	0.03%
PB	A	0.03%
SSB	B	0.03%
UFPI	B	0.03%
RLI	B	0.03%
WSFS	A	0.02%
CBU	B	0.02%
PRGO	B	0.02%
SR	A	0.02%
PII	D	0.02%
MGEE	C	0.02%
GFF	A	0.02%
AUB	B	0.02%
MDU	D	0.02%
CCOI	B	0.02%
WDFC	B	0.02%
ASH	D	0.02%
BANF	B	0.02%
ASB	B	0.02%
FUL	F	0.02%
CNO	A	0.02%
BKH	A	0.02%
IBOC	A	0.02%
AVNT	B	0.02%
FLO	D	0.02%
POR	C	0.02%
KAI	A	0.02%
NJR	A	0.02%
AVT	C	0.02%
EXPO	D	0.02%
FELE	B	0.02%
LANC	C	0.02%
SON	D	0.02%
CNS	B	0.02%
NXST	C	0.02%
AGO	B	0.02%
UGI	A	0.02%
TKR	D	0.02%
MATX	C	0.02%
AL	B	0.02%
GATX	A	0.02%
DDS	B	0.02%
OZK	B	0.02%
BC	C	0.02%
SWX	B	0.02%
UBSI	B	0.02%
BCPC	B	0.02%
WTS	B	0.02%
NFG	A	0.02%
SLGN	A	0.02%
MSEX	B	0.01%
GABC	B	0.01%
TR	B	0.01%
UVV	B	0.01%
LNN	B	0.01%
WABC	B	0.01%
NWN	A	0.01%
CSGS	B	0.01%
TCBK	B	0.01%
STBA	B	0.01%
SRCE	B	0.01%
ANDE	D	0.01%
TNC	D	0.01%
HMN	B	0.01%
DKL	C	0.01%
SCL	C	0.01%
GTY	B	0.01%
SJW	D	0.01%
APOG	B	0.01%
LKFN	B	0.01%
NHC	C	0.01%
CHCO	B	0.01%
AGM	C	0.01%
WOR	F	0.01%
WSBC	A	0.01%
SYBT	B	0.01%
HI	C	0.01%
NBTB	B	0.01%
LMAT	A	0.01%
MTRN	C	0.01%
SXI	B	0.01%
HNI	B	0.01%
FRME	B	0.01%
TOWN	B	0.01%
HWKN	B	0.01%
NSP	D	0.01%
ABR	C	0.01%
CPK	A	0.01%
CWT	D	0.01%
WAFD	B	0.01%
IOSP	B	0.01%
MAN	D	0.01%
AVA	A	0.01%
INDB	B	0.01%
SFNC	B	0.01%
TRN	C	0.01%
KWR	C	0.01%
AWR	B	0.01%
BRC	D	0.01%
JJSF	B	0.01%
OTTR	C	0.01%
NWE	B	0.01%
POWI	D	0.01%
FIBK	A	0.01%
ABM	B	0.01%
JOUT	D	0.0%
FLIC	B	0.0%
ARTNA	D	0.0%
HVT	D	0.0%
ODC	C	0.0%
BMRC	B	0.0%
CTO	B	0.0%
YORW	D	0.0%
AROW	B	0.0%
UHT	D	0.0%
THFF	B	0.0%
PLOW	D	0.0%
HIFS	B	0.0%
CASS	B	0.0%
SPTN	D	0.0%
WASH	C	0.0%
MATW	C	0.0%
GSBC	B	0.0%
SMBC	B	0.0%
HY	D	0.0%
MBWM	B	0.0%
HBNC	B	0.0%
MNRO	D	0.0%
FCBC	B	0.0%
HFWA	B	0.0%
SCVL	F	0.0%
PFC	A	0.0%
GRC	A	0.0%
SBSI	B	0.0%
CTBI	B	0.0%
TMP	B	0.0%
AMSF	B	0.0%

PFM Underweight 209 Positions Relative to ACVF

Symbol	Grade	Weight
NVDA	C	-7.98%
BRK.A	B	-2.76%
TSLA	B	-1.92%
LLY	F	-1.48%
TMUS	B	-1.05%
ADBE	C	-0.98%
NOW	A	-0.95%
BKNG	A	-0.94%
TJX	A	-0.88%
FI	A	-0.79%
ANET	C	-0.7%
WFC	A	-0.7%
ISRG	A	-0.62%
CI	F	-0.58%
AMD	F	-0.55%
CPRT	A	-0.54%
AMAT	F	-0.52%
TMO	F	-0.52%
UBER	D	-0.51%
SNPS	B	-0.5%
ORLY	B	-0.48%
MAR	B	-0.48%
SPOT	B	-0.48%
PANW	C	-0.48%
CDNS	B	-0.46%
GRMN	B	-0.46%
C	A	-0.45%
GE	D	-0.45%
CHTR	C	-0.43%
BX	A	-0.42%
LRCX	F	-0.39%
DE	A	-0.39%
FICO	B	-0.38%
ABNB	C	-0.37%
VRSN	F	-0.35%
EXPE	B	-0.33%
MU	D	-0.32%
DASH	A	-0.32%
INTC	D	-0.32%
VRSK	A	-0.32%
ROST	C	-0.31%
VRTX	F	-0.31%
OMC	C	-0.3%
ADSK	A	-0.3%
BSX	B	-0.29%
EA	A	-0.28%
AZO	C	-0.28%
MPC	D	-0.28%
CTSH	B	-0.25%
EQIX	A	-0.24%
HPE	B	-0.23%
REGN	F	-0.22%
COP	C	-0.22%
KKR	A	-0.22%
GEV	B	-0.21%
ZBRA	B	-0.21%
TTWO	A	-0.21%
WDAY	B	-0.21%
FFIV	B	-0.21%
JCI	C	-0.2%
SCHW	B	-0.19%
PH	A	-0.19%
MNST	C	-0.19%
IT	C	-0.19%
ANSS	B	-0.18%
HLT	A	-0.18%
T	A	-0.18%
FCX	D	-0.18%
GPN	B	-0.18%
RBA	A	-0.17%
CVS	D	-0.17%
STZ	D	-0.17%
BA	F	-0.17%
FTNT	C	-0.17%
NXPI	D	-0.17%
MANH	D	-0.16%
CRWD	B	-0.16%
JBL	B	-0.16%
COF	B	-0.16%
SLB	C	-0.15%
PSA	D	-0.15%
FDX	B	-0.15%
FOXA	B	-0.14%
PCAR	B	-0.14%
CBRE	B	-0.14%
BLDR	D	-0.14%
NWS	B	-0.13%
EOG	A	-0.13%
FIS	C	-0.13%
SKX	D	-0.12%
WELL	A	-0.12%
TDG	D	-0.12%
F	C	-0.12%
FOX	A	-0.12%
NWSA	B	-0.12%
KMI	A	-0.11%
DLR	B	-0.11%
DHI	D	-0.11%
PINS	D	-0.1%
CCI	D	-0.1%
LYV	A	-0.1%
CTVA	C	-0.1%
RCL	A	-0.1%
OKE	A	-0.09%
LEN	D	-0.09%
OXY	D	-0.09%
GILD	C	-0.09%
HCA	F	-0.09%
EBAY	D	-0.09%
RKT	F	-0.09%
WMB	A	-0.09%
NTRS	A	-0.08%
SPG	B	-0.08%
BKR	B	-0.08%
CEG	D	-0.08%
ODFL	B	-0.08%
EW	C	-0.08%
MGM	D	-0.08%
WTW	B	-0.08%
GEHC	F	-0.07%
AME	A	-0.07%
NEM	D	-0.07%
GIS	D	-0.07%
CFG	B	-0.07%
IP	B	-0.07%
WAB	B	-0.07%
EFX	F	-0.07%
VLTO	D	-0.07%
IR	B	-0.07%
CARR	D	-0.07%
IQV	D	-0.07%
BALL	D	-0.06%
MSCI	C	-0.06%
UAL	A	-0.06%
KEYS	A	-0.06%
CNC	D	-0.06%
ETSY	D	-0.06%
LUV	C	-0.06%
KSS	F	-0.06%
EQR	B	-0.06%
DRI	B	-0.06%
DG	F	-0.06%
UAA	C	-0.06%
AVB	B	-0.06%
UA	C	-0.06%
AAL	B	-0.06%
FTV	C	-0.05%
AIG	B	-0.05%
FE	C	-0.05%
HBAN	A	-0.05%
DD	D	-0.05%
NSC	B	-0.05%
DXCM	D	-0.05%
ILMN	D	-0.05%
TYL	B	-0.05%
LVS	C	-0.05%
OTIS	C	-0.05%
HAL	C	-0.05%
KHC	F	-0.05%
L	A	-0.04%
YUM	B	-0.04%
HES	B	-0.04%
IDXX	F	-0.04%
J	F	-0.04%
APTV	D	-0.04%
VEEV	C	-0.04%
AMCR	D	-0.04%
STX	D	-0.04%
WY	D	-0.04%
LH	C	-0.04%
CNP	B	-0.03%
TPR	B	-0.03%
BWA	D	-0.03%
EL	F	-0.03%
DLTR	F	-0.03%
D	C	-0.03%
PWR	A	-0.03%
ZBH	C	-0.03%
DOW	F	-0.03%
EXC	C	-0.03%
VTR	C	-0.03%
ULTA	F	-0.03%
PHM	D	-0.03%
IFF	D	-0.02%
BIIB	F	-0.02%
SBAC	D	-0.02%
PVH	C	-0.02%
MOS	F	-0.02%
RL	B	-0.02%
HST	C	-0.02%
PAYC	B	-0.02%
LKQ	D	-0.02%
HOLX	D	-0.02%
INCY	C	-0.02%
SW	A	-0.02%
WYNN	D	-0.02%
BBWI	D	-0.02%
FMC	D	-0.01%
CE	F	-0.01%
AAP	C	-0.01%
SLVM	B	-0.01%
PHIN	A	-0.01%
HAS	D	-0.01%
SYF	B	-0.01%
SOLV	C	-0.01%
MTD	D	-0.0%
EMBC	C	-0.0%
FTRE	D	-0.0%
IVZ	B	-0.0%