PFM vs. SPLV ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV)

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

$46.78

Average Daily Volume

33,499

Number of Holdings ^*

416

* may have additional holdings in another (foreign) market

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$72.77

Average Daily Volume

1,591,840

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	PFM	SPLV
30 Days	-1.01%	-0.21%
60 Days	1.30%	2.69%
90 Days	4.08%	5.08%
12 Months	24.95%	22.22%

71 Overlapping Holdings

Symbol	Grade	Weight in PFM	Weight in SPLV	Overlap
ABBV	F	1.5%	0.92%	0.92%
ABT	A	0.86%	0.91%	0.86%
ADP	B	0.53%	1.07%	0.53%
AFL	C	0.26%	0.92%	0.26%
AJG	B	0.27%	0.93%	0.27%
AMP	A	0.23%	1.23%	0.23%
ATO	A	0.09%	1.09%	0.09%
AVY	D	0.07%	0.95%	0.07%
BK	B	0.24%	1.14%	0.24%
BR	B	0.11%	0.91%	0.11%
BRO	B	0.14%	0.97%	0.14%
CB	C	0.48%	1.0%	0.48%
CBOE	C	0.09%	0.82%	0.09%
CHD	A	0.11%	0.94%	0.11%
CL	D	0.32%	1.0%	0.32%
CME	A	0.34%	1.04%	0.34%
CMS	C	0.09%	0.88%	0.09%
COR	B	0.21%	1.01%	0.21%
COST	A	1.78%	0.97%	0.97%
CSCO	B	0.99%	1.12%	0.99%
CSX	C	0.3%	0.96%	0.3%
CTAS	B	0.39%	1.01%	0.39%
DGX	A	0.07%	0.89%	0.07%
DUK	C	0.37%	0.95%	0.37%
ECL	D	0.3%	0.89%	0.3%
ED	C	0.14%	0.88%	0.14%
ELV	F	0.42%	0.69%	0.42%
EVRG	A	0.06%	0.87%	0.06%
GD	D	0.36%	0.98%	0.36%
HIG	B	0.15%	1.0%	0.15%
HON	B	0.61%	1.12%	0.61%
ICE	C	0.38%	1.01%	0.38%
IEX	B	0.07%	1.07%	0.07%
ITW	B	0.34%	1.14%	0.34%
JNJ	D	1.59%	1.02%	1.02%
JPM	A	2.87%	1.08%	1.08%
KMB	C	0.19%	0.87%	0.19%
KO	D	1.17%	1.15%	1.15%
LIN	D	0.94%	1.08%	0.94%
LMT	D	0.57%	0.93%	0.57%
LNT	A	0.06%	0.87%	0.06%
LYB	F	0.12%	0.8%	0.12%
MA	B	2.04%	1.18%	1.18%
MCD	D	0.91%	1.07%	0.91%
MCK	A	0.34%	0.88%	0.34%
MDLZ	F	0.38%	0.88%	0.38%
MDT	D	0.48%	0.92%	0.48%
MET	A	0.24%	1.02%	0.24%
MMC	D	0.47%	1.14%	0.47%
MO	A	0.39%	0.93%	0.39%
MSI	B	0.36%	1.08%	0.36%
PAYX	B	0.23%	1.0%	0.23%
PEG	C	0.18%	0.93%	0.18%
PEP	F	0.96%	0.91%	0.91%
PFG	C	0.09%	0.99%	0.09%
PG	C	1.67%	1.08%	1.08%
PKG	B	0.09%	1.06%	0.09%
PM	A	0.83%	1.04%	0.83%
PPG	F	0.12%	0.89%	0.12%
PRU	B	0.19%	1.01%	0.19%
ROP	C	0.26%	1.09%	0.26%
RSG	A	0.28%	1.21%	0.28%
SO	C	0.41%	0.92%	0.41%
SPGI	D	0.67%	0.94%	0.67%
SRE	A	0.24%	1.0%	0.24%
SYY	D	0.16%	0.86%	0.16%
UNP	D	0.63%	0.97%	0.63%
V	A	2.19%	1.32%	1.32%
WEC	A	0.13%	0.9%	0.13%
WM	B	0.38%	0.99%	0.38%
WMT	A	2.9%	1.19%	1.19%

PFM Overweight 345 Positions Relative to SPLV

Symbol	Grade	Weight
MSFT	D	3.92%
AAPL	C	3.83%
AVGO	C	3.62%
UNH	C	2.42%
XOM	B	2.29%
ORCL	A	2.22%
HD	A	1.72%
BAC	A	1.49%
CVX	A	1.22%
MRK	F	1.11%
ACN	C	0.95%
MS	A	0.89%
TXN	C	0.85%
IBM	C	0.84%
CAT	C	0.81%
QCOM	F	0.81%
INTU	B	0.81%
GS	B	0.79%
AMGN	D	0.75%
DHR	D	0.75%
CMCSA	B	0.72%
VZ	C	0.72%
RTX	D	0.7%
NEE	C	0.67%
LOW	C	0.65%
PFE	F	0.64%
ETN	B	0.62%
SYK	A	0.61%
ADI	D	0.48%
BMY	A	0.47%
SBUX	A	0.47%
PLD	D	0.46%
UPS	C	0.41%
SHW	C	0.41%
KLAC	F	0.4%
AMT	D	0.4%
NKE	F	0.39%
TT	A	0.39%
APH	B	0.38%
MCO	D	0.37%
AON	B	0.35%
ZTS	D	0.34%
PNC	B	0.34%
NOC	D	0.33%
USB	B	0.33%
EMR	A	0.31%
MMM	D	0.31%
TGT	B	0.29%
APD	A	0.29%
EPD	A	0.28%
BDX	F	0.28%
TFC	A	0.26%
GWW	B	0.25%
TRV	A	0.25%
AEP	C	0.22%
ALL	A	0.22%
PSX	C	0.22%
CMI	A	0.21%
LHX	B	0.21%
O	C	0.21%
MPLX	A	0.2%
FAST	B	0.2%
DFS	B	0.19%
NDAQ	A	0.19%
GLW	B	0.18%
KR	B	0.18%
MCHP	F	0.17%
A	F	0.17%
RMD	C	0.16%
XEL	A	0.16%
NUE	D	0.16%
VMC	B	0.16%
HUM	D	0.15%
EXR	C	0.15%
HPQ	B	0.15%
EIX	C	0.14%
RJF	A	0.14%
XYL	D	0.13%
ROK	B	0.13%
TSCO	D	0.13%
FITB	B	0.13%
DOV	B	0.12%
STT	B	0.12%
CAH	B	0.12%
ADM	D	0.11%
HUBB	B	0.11%
HSY	F	0.11%
TROW	B	0.11%
AWK	C	0.11%
CDW	F	0.11%
LII	A	0.1%
STLD	B	0.1%
CINF	A	0.1%
WRB	B	0.1%
RF	A	0.1%
WST	D	0.1%
BAH	D	0.1%
AEE	A	0.1%
DTE	C	0.1%
CLX	A	0.09%
CSL	C	0.09%
STE	D	0.09%
ES	C	0.09%
MAS	D	0.08%
FDS	B	0.08%
WSO	A	0.08%
MAA	A	0.08%
SNA	B	0.08%
BBY	D	0.08%
MKC	D	0.08%
ESS	A	0.08%
ERIE	F	0.08%
JBHT	C	0.08%
ARE	F	0.08%
DPZ	C	0.07%
NI	A	0.07%
FIX	A	0.07%
WSM	D	0.07%
FNF	A	0.07%
HRL	D	0.07%
WLK	F	0.07%
EXPD	D	0.07%
GPC	F	0.07%
TSN	B	0.07%
RPM	B	0.07%
RS	B	0.07%
KEY	B	0.07%
JKHY	D	0.06%
ELS	B	0.06%
REG	A	0.06%
SWK	F	0.06%
RNR	C	0.06%
POOL	D	0.06%
HEI	A	0.06%
UDR	C	0.06%
RGA	B	0.06%
GGG	B	0.06%
MORN	B	0.06%
NDSN	D	0.06%
CASY	A	0.06%
CHDN	C	0.05%
WTRG	B	0.05%
AIZ	A	0.05%
CUBE	C	0.05%
BEN	C	0.05%
IPG	F	0.05%
AFG	A	0.05%
ATR	B	0.05%
RRX	B	0.05%
ALB	B	0.05%
EVR	B	0.05%
EMN	D	0.05%
LECO	C	0.05%
SJM	D	0.05%
ITT	A	0.05%
SCI	A	0.05%
CHRW	B	0.05%
UNM	A	0.05%
UFPI	C	0.04%
ENSG	D	0.04%
EGP	D	0.04%
CHE	F	0.04%
OGE	A	0.04%
ZION	B	0.04%
WTFC	B	0.04%
TTC	F	0.04%
CFR	B	0.04%
CBSH	A	0.04%
AOS	F	0.04%
CE	F	0.04%
REXR	F	0.04%
DCI	B	0.04%
ORI	A	0.04%
AES	F	0.04%
GL	C	0.04%
RGLD	C	0.04%
INGR	B	0.04%
LAD	B	0.04%
PRI	A	0.04%
AIT	B	0.04%
MKTX	D	0.04%
PNW	B	0.04%
SEIC	B	0.04%
UMBF	B	0.03%
TRNO	D	0.03%
HOMB	A	0.03%
SIGI	B	0.03%
CBT	C	0.03%
LFUS	D	0.03%
BMI	C	0.03%
FAF	C	0.03%
STAG	D	0.03%
MSA	D	0.03%
AGCO	F	0.03%
CADE	B	0.03%
FR	C	0.03%
AXS	A	0.03%
R	B	0.03%
OSK	C	0.03%
BOKF	B	0.03%
ADC	A	0.03%
PB	A	0.03%
NNN	C	0.03%
WBA	F	0.03%
RLI	A	0.03%
RHI	C	0.03%
HII	F	0.03%
SSD	D	0.03%
SSB	B	0.03%
SR	A	0.02%
PRGO	C	0.02%
MGEE	A	0.02%
MDU	D	0.02%
ABM	B	0.02%
CBU	B	0.02%
AUB	B	0.02%
POWI	D	0.02%
WDFC	B	0.02%
PII	F	0.02%
CCOI	B	0.02%
BANF	B	0.02%
ASB	B	0.02%
ASH	F	0.02%
BKH	A	0.02%
CNO	B	0.02%
FUL	F	0.02%
IBOC	B	0.02%
FLO	D	0.02%
NJR	A	0.02%
AVNT	B	0.02%
POR	C	0.02%
KAI	B	0.02%
AGO	A	0.02%
FELE	B	0.02%
SON	F	0.02%
UGI	C	0.02%
DDS	B	0.02%
AVT	C	0.02%
CNS	B	0.02%
NXST	C	0.02%
AL	B	0.02%
OZK	B	0.02%
EXPO	D	0.02%
LANC	D	0.02%
GATX	B	0.02%
SWX	A	0.02%
TKR	F	0.02%
NFG	A	0.02%
UBSI	B	0.02%
WTS	B	0.02%
MATX	B	0.02%
THG	A	0.02%
SLGN	A	0.02%
BCPC	B	0.02%
BC	D	0.02%
IDA	A	0.02%
THO	C	0.02%
FFIN	B	0.02%
MSEX	B	0.01%
TR	B	0.01%
GABC	B	0.01%
UVV	B	0.01%
LNN	B	0.01%
WABC	B	0.01%
NWN	A	0.01%
TCBK	B	0.01%
STBA	B	0.01%
CSGS	B	0.01%
SRCE	B	0.01%
ANDE	F	0.01%
HMN	B	0.01%
DKL	C	0.01%
TNC	F	0.01%
GTY	A	0.01%
SJW	F	0.01%
SCL	D	0.01%
LKFN	B	0.01%
APOG	B	0.01%
AGM	B	0.01%
CHCO	B	0.01%
WSBC	B	0.01%
NHC	B	0.01%
WOR	F	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%
FRME	B	0.01%
HNI	B	0.01%
TOWN	B	0.01%
HWKN	B	0.01%
CPK	A	0.01%
AVA	C	0.01%
ABR	B	0.01%
NSP	F	0.01%
WAFD	B	0.01%
CWT	C	0.01%
TRN	A	0.01%
INDB	B	0.01%
SFNC	B	0.01%
IOSP	C	0.01%
MAN	F	0.01%
KWR	D	0.01%
AWR	A	0.01%
OTTR	C	0.01%
NWE	C	0.01%
WSFS	B	0.01%
FIBK	B	0.01%
BRC	C	0.01%
JJSF	C	0.01%
GFF	B	0.01%
FLIC	B	0.0%
JOUT	F	0.0%
ARTNA	F	0.0%
HVT	D	0.0%
ODC	C	0.0%
BMRC	A	0.0%
CTO	B	0.0%
YORW	D	0.0%
AROW	B	0.0%
THFF	B	0.0%
PLOW	D	0.0%
UHT	D	0.0%
CASS	B	0.0%
HIFS	B	0.0%
SPTN	F	0.0%
WASH	B	0.0%
MATW	C	0.0%
SMBC	B	0.0%
HY	D	0.0%
GSBC	B	0.0%
MBWM	B	0.0%
HBNC	B	0.0%
MNRO	C	0.0%
FCBC	B	0.0%
HFWA	B	0.0%
PFC	B	0.0%
SCVL	F	0.0%
CTBI	B	0.0%
SBSI	B	0.0%
TMP	B	0.0%
GRC	B	0.0%
AMSF	B	0.0%

PFM Underweight 29 Positions Relative to SPLV

Symbol	Grade	Weight
TMUS	B	-1.43%
BRK.A	B	-1.39%
FI	A	-1.28%
KMI	A	-1.24%
L	A	-1.21%
WMB	A	-1.19%
TJX	A	-1.1%
OKE	A	-1.09%
AME	A	-1.08%
ETR	A	-1.08%
HLT	A	-1.01%
YUM	D	-1.01%
OTIS	C	-1.0%
WELL	A	-0.99%
DRI	C	-0.98%
EA	A	-0.97%
AIG	C	-0.97%
VRSN	F	-0.96%
PPL	A	-0.96%
OMC	C	-0.96%
LH	B	-0.93%
AVB	B	-0.92%
HOLX	D	-0.86%
STZ	D	-0.86%
FE	C	-0.86%
KDP	D	-0.84%
GIS	F	-0.8%
DOW	F	-0.79%
REGN	F	-0.71%