PFM vs. CLSE ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to Convergence Long/Short Equity ETF (CLSE)
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
CLSE

Convergence Long/Short Equity ETF

CLSE Description The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

66,024

Number of Holdings *

337

* may have additional holdings in another (foreign) market
Performance
Period PFM CLSE
30 Days 2.19% 4.69%
60 Days 2.87% 6.81%
90 Days 5.56% 9.38%
12 Months 26.89% 39.93%
78 Overlapping Holdings
Symbol Grade Weight in PFM Weight in CLSE Overlap
AAPL C 3.9% 0.83% 0.83%
ABBV D 1.27% 0.72% 0.72%
ABM B 0.01% 0.19% 0.01%
AES F 0.04% -0.08% -0.08%
AGCO D 0.03% -0.18% -0.18%
AGO B 0.02% -0.16% -0.16%
AJG B 0.28% -0.17% -0.17%
AL B 0.02% -0.18% -0.18%
ALB C 0.05% -0.16% -0.16%
ALL A 0.23% 0.45% 0.23%
APD A 0.32% -0.15% -0.15%
APH A 0.37% 0.67% 0.37%
ATO A 0.1% -0.1% -0.1%
AVA A 0.01% 0.47% 0.01%
AVGO D 3.32% 2.28% 2.28%
AVT C 0.02% 0.66% 0.02%
AWK D 0.11% -0.26% -0.26%
BAC A 1.56% 0.81% 0.81%
BAH F 0.08% 0.18% 0.08%
BC C 0.02% -0.08% -0.08%
BEN C 0.05% -0.36% -0.36%
BLK C 0.67% 0.65% 0.65%
BMY B 0.5% 1.11% 0.5%
CAH B 0.13% 0.86% 0.13%
CCOI B 0.02% -0.33% -0.33%
CHDN B 0.04% -0.18% -0.18%
CHRW C 0.06% 0.61% 0.06%
CINF A 0.1% 0.12% 0.1%
COR B 0.21% 0.86% 0.21%
CSCO B 1.0% -0.52% -0.52%
EXPD D 0.07% 0.14% 0.07%
EXR D 0.15% -0.13% -0.13%
FITB A 0.14% 0.78% 0.14%
GATX A 0.02% -0.2% -0.2%
GLW B 0.17% 0.52% 0.17%
HD A 1.76% 1.13% 1.13%
HSY F 0.11% -0.24% -0.24%
JNJ D 1.61% 0.83% 0.83%
JPM A 3.01% 0.64% 0.64%
KEY B 0.08% -0.25% -0.25%
KR B 0.18% 0.17% 0.17%
MATX C 0.02% 0.22% 0.02%
MCHP D 0.15% -0.63% -0.63%
MDT D 0.48% 0.29% 0.29%
MET A 0.25% 0.52% 0.25%
MKTX D 0.04% -0.29% -0.29%
MO A 0.41% 0.79% 0.41%
NDAQ A 0.2% -0.3% -0.3%
ORCL B 2.21% 1.33% 1.33%
OSK B 0.03% -0.16% -0.16%
PG A 1.73% 0.45% 0.45%
PNC B 0.35% 0.72% 0.35%
PNW B 0.04% 0.48% 0.04%
POOL C 0.06% -0.61% -0.61%
PRU A 0.2% 0.13% 0.13%
QCOM F 0.79% 1.73% 0.79%
R B 0.03% 0.38% 0.03%
REXR F 0.04% -0.14% -0.14%
RF A 0.1% 0.72% 0.1%
RGA A 0.07% 0.55% 0.07%
RGLD C 0.04% 0.32% 0.04%
RMD C 0.15% 0.4% 0.15%
RNR C 0.06% -0.15% -0.15%
ROP B 0.26% -0.7% -0.7%
SEIC B 0.05% 0.95% 0.05%
SR A 0.02% 0.38% 0.02%
SRE A 0.25% -0.2% -0.2%
STLD B 0.09% -0.13% -0.13%
TSN B 0.08% 0.6% 0.08%
TXN C 0.82% -0.81% -0.81%
UMBF B 0.03% 0.66% 0.03%
UNP C 0.62% 0.47% 0.47%
VMC B 0.16% -0.13% -0.13%
WMT A 2.92% 1.82% 1.82%
WST C 0.1% -0.59% -0.59%
WTRG B 0.05% -0.24% -0.24%
XYL D 0.13% -0.23% -0.23%
ZION B 0.04% 0.71% 0.04%
PFM Overweight 338 Positions Relative to CLSE
Symbol Grade Weight
MSFT F 3.91%
UNH C 2.35%
XOM B 2.31%
V A 2.25%
MA C 2.06%
COST B 1.76%
CVX A 1.27%
KO D 1.15%
MRK F 1.06%
ACN C 0.95%
MS A 0.94%
PEP F 0.94%
LIN D 0.93%
MCD D 0.9%
ABT B 0.88%
PM B 0.88%
IBM C 0.83%
INTU C 0.82%
CAT B 0.81%
GS A 0.8%
VZ C 0.77%
DHR F 0.72%
CMCSA B 0.72%
RTX C 0.69%
NEE D 0.68%
SPGI C 0.68%
LOW D 0.66%
AMGN D 0.65%
SYK C 0.64%
HON B 0.64%
ETN A 0.62%
PFE D 0.61%
LMT D 0.55%
ADP B 0.53%
CB C 0.5%
SBUX A 0.49%
MMC B 0.48%
PLD D 0.46%
ADI D 0.45%
UPS C 0.43%
SO D 0.42%
SHW A 0.41%
TT A 0.4%
ELV F 0.4%
AMT D 0.4%
NKE D 0.39%
ICE C 0.39%
CTAS B 0.38%
DUK C 0.38%
WM A 0.38%
MDLZ F 0.37%
MCO B 0.37%
AON A 0.36%
KLAC D 0.36%
ZTS D 0.35%
ITW B 0.35%
MSI B 0.35%
CME A 0.35%
GD F 0.34%
USB A 0.34%
MCK B 0.34%
CL D 0.33%
EMR A 0.32%
NOC D 0.31%
MMM D 0.31%
TGT F 0.31%
ECL D 0.3%
CSX B 0.29%
EPD A 0.29%
BDX F 0.28%
RSG A 0.28%
TFC A 0.27%
AFL B 0.27%
TRV B 0.26%
GWW B 0.25%
BK A 0.25%
PSX C 0.24%
AMP A 0.24%
PAYX C 0.22%
AEP D 0.22%
MPLX A 0.21%
O D 0.21%
CMI A 0.21%
KMB D 0.2%
LHX C 0.2%
FAST B 0.2%
DFS B 0.19%
PEG A 0.19%
XEL A 0.17%
HPQ B 0.16%
A D 0.16%
SYY B 0.16%
RJF A 0.15%
HIG B 0.15%
NUE C 0.15%
ROK B 0.14%
EIX B 0.14%
HUM C 0.14%
ED D 0.14%
TSCO D 0.13%
BRO B 0.13%
WEC A 0.13%
BR A 0.12%
CHD B 0.12%
LYB F 0.12%
DOV A 0.12%
PPG F 0.12%
STT A 0.12%
AEE A 0.11%
DTE C 0.11%
ADM D 0.11%
TROW B 0.11%
ES D 0.1%
WRB A 0.1%
HUBB B 0.1%
CDW F 0.1%
CSL C 0.09%
PFG D 0.09%
CMS C 0.09%
CLX B 0.09%
PKG A 0.09%
STE F 0.09%
CBOE B 0.09%
LII A 0.09%
RPM A 0.08%
DGX A 0.08%
ARE D 0.08%
FDS B 0.08%
WSO A 0.08%
MAA B 0.08%
MKC D 0.08%
SNA A 0.08%
JBHT C 0.08%
ERIE D 0.08%
BBY D 0.08%
ESS B 0.08%
GGG B 0.07%
DPZ C 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%
GPC D 0.07%
ELS C 0.06%
SWK D 0.06%
UNM A 0.06%
REG B 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%
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%
AOS F 0.04%
WTFC A 0.04%
CFR B 0.04%
INGR B 0.04%
DCI B 0.04%
CBSH A 0.04%
ORI A 0.04%
GL B 0.04%
LAD A 0.04%
AIT A 0.04%
PRI A 0.04%
IPG D 0.04%
THG A 0.03%
TRNO F 0.03%
THO B 0.03%
FFIN 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%
AXS A 0.03%
WBA F 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%
PII D 0.02%
MGEE C 0.02%
GFF A 0.02%
AUB B 0.02%
MDU D 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%
EXPO D 0.02%
FELE B 0.02%
LANC C 0.02%
SON D 0.02%
CNS B 0.02%
NXST C 0.02%
UGI A 0.02%
TKR D 0.02%
DDS B 0.02%
OZK B 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%
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%
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 259 Positions Relative to CLSE
Symbol Grade Weight
NVDA C -4.61%
GOOGL C -3.47%
META D -3.3%
AMZN C -2.53%
APP B -2.25%
MU D -2.13%
HPE B -1.92%
CVNA B -1.85%
ANET C -1.83%
IDCC A -1.51%
GDDY A -1.42%
CVLT B -1.4%
DOCU A -1.37%
PYPL B -1.33%
ACIW B -1.3%
TSLA B -1.22%
JHG A -1.21%
NTNX A -1.16%
SYF B -1.11%
NTRS A -1.08%
GILD C -1.07%
SNEX B -1.06%
PLTR B -1.02%
NTAP C -1.0%
LNG B -0.97%
HALO F -0.9%
AMRX C -0.9%
BFH B -0.88%
GM B -0.87%
PPC C -0.85%
GVA A -0.84%
MLI C -0.84%
CARG C -0.83%
PRIM A -0.8%
NFLX A -0.79%
THC D -0.78%
DVA B -0.78%
IESC B -0.77%
CPNG D -0.77%
EME C -0.75%
WFC A -0.75%
CNX A -0.74%
FTI A -0.74%
UTHR C -0.73%
STRL B -0.71%
CMA A -0.71%
NRG B -0.71%
UHS D -0.7%
TMUS B -0.7%
CEIX A -0.7%
GEN B -0.68%
VRT B -0.68%
ALSN B -0.66%
MTZ B -0.66%
MWA B -0.65%
EXPE B -0.61%
FFIV B -0.6%
FTDR A -0.58%
AMG B -0.58%
LDOS C -0.55%
VST B -0.55%
SLVM B -0.5%
GOOG C -0.49%
UI A -0.49%
EXP A -0.48%
CACI D -0.48%
PGR A -0.46%
DUOL A -0.45%
BKNG A -0.44%
LPX B -0.43%
CTRE D -0.42%
SCCO F -0.41%
JXN C -0.39%
SPG B -0.37%
CNA B -0.37%
CF B -0.37%
GRMN B -0.37%
OUT A -0.36%
EQR B -0.35%
CCL B -0.35%
CDP C -0.34%
CNC D -0.31%
PTON B -0.31%
LAMR D -0.31%
J F -0.31%
MPWR F -0.3%
CVS D -0.29%
VLO C -0.29%
T A -0.29%
IIPR D -0.28%
APA D -0.25%
NVR D -0.24%
VRTX F -0.23%
NEM D -0.22%
TOL B -0.22%
EEFT B -0.22%
FLR B -0.21%
JLL D -0.2%
MUSA A -0.2%
NTRA B -0.17%
BOX B -0.17%
JAZZ B -0.16%
FOXA B -0.14%
FN D -0.13%
VCTR B -0.12%
VCYT B -0.12%
CDE D -0.11%
ILMN D -0.1%
AEIS B -0.07%
INCY C -0.07%
HQY B -0.07%
QQQ B -0.0%
LNTH D -0.0%
LRCX F -0.0%
PENN C --0.05%
KNX B --0.06%
HGV B --0.06%
HUN F --0.07%
EXAS D --0.07%
RYN D --0.07%
COOP B --0.07%
CCS D --0.07%
JOE F --0.08%
FLYW C --0.08%
GNTX C --0.09%
JBLU F --0.09%
NSC B --0.1%
MCW B --0.1%
ABG B --0.1%
ACVA B --0.11%
ENPH F --0.11%
CGON F --0.11%
EL F --0.12%
RBA A --0.12%
FL F --0.12%
PCH D --0.12%
DLR B --0.13%
AVAV D --0.13%
ALIT C --0.13%
MLM B --0.13%
BPOP B --0.14%
PYCR C --0.14%
DAY B --0.14%
ARWR F --0.14%
MKL A --0.14%
AA B --0.14%
EQIX A --0.14%
CZR F --0.15%
COLD D --0.15%
GTLS B --0.15%
CRL C --0.15%
DRVN B --0.15%
NARI C --0.16%
FIVN C --0.16%
BHF B --0.16%
XPO B --0.16%
LGIH D --0.16%
DAR C --0.16%
UHAL D --0.16%
EW C --0.16%
SITE D --0.16%
SW A --0.17%
TEX D --0.17%
TREX C --0.17%
MDGL B --0.17%
LKQ D --0.17%
MASI A --0.17%
KRG B --0.17%
ENOV C --0.18%
UEC B --0.18%
EBC B --0.18%
COTY F --0.18%
CNH C --0.18%
BRKR D --0.18%
C A --0.19%
WAL B --0.19%
AIR B --0.19%
KNSL B --0.2%
BIRK D --0.2%
BE B --0.21%
AESI B --0.21%
NOG A --0.21%
WTM A --0.21%
PRCT B --0.22%
BANC A --0.22%
MTN C --0.22%
SAIA B --0.22%
SUM B --0.22%
EQT B --0.23%
PSA D --0.23%
ELF C --0.24%
IONS F --0.24%
GPOR B --0.24%
CELH F --0.24%
DELL C --0.25%
LW C --0.25%
BILL A --0.26%
NEOG F --0.26%
AUR C --0.26%
VAL D --0.27%
FOUR B --0.27%
STNE F --0.27%
TEAM A --0.27%
MSCI C --0.27%
PTEN C --0.27%
MNST C --0.28%
SOFI A --0.28%
ESTC C --0.29%
MDB C --0.29%
XP F --0.29%
CYTK F --0.3%
LYV A --0.3%
APLS D --0.3%
APTV D --0.32%
GTLB B --0.32%
VVV F --0.33%
LPLA A --0.34%
ZBRA B --0.34%
ABNB C --0.34%
INSP D --0.34%
FCNCA A --0.35%
APO B --0.35%
AFRM B --0.35%
CACC D --0.36%
COHR B --0.36%
BBIO F --0.36%
ZI D --0.36%
ON D --0.39%
DG F --0.4%
SATS D --0.4%
BA F --0.4%
RBLX C --0.41%
DLTR F --0.41%
PINS D --0.41%
U C --0.41%
RIVN F --0.42%
TTWO A --0.43%
WBD C --0.43%
SNPS B --0.44%
ALGM D --0.45%
DV C --0.45%
CGNX C --0.45%
GE D --0.46%
CDNS B --0.46%
MRNA F --0.47%
SMCI F --0.47%
RH B --0.47%
CFLT B --0.47%
CHTR C --0.48%
FND C --0.53%
BRZE C --0.56%
FIVE F --0.56%
NWS B --0.57%
LITE B --0.6%
DXCM D --0.63%
WDC D --0.65%
LSCC D --0.7%
INTC D --0.93%
FSLR F --1.26%
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