PKW vs. QVMM ETF Comparison

Comparison of PowerShares Buyback Achievers (PKW) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. 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 Share Buyback Achievers Index to NASDAQ Buyback 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

$111.30

Average Daily Volume

14,590

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 Â® Quality, Value & Momentum Top 90% Multi- Factor Index (the âunderlying indexâ). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 Â® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.34

Average Daily Volume

3,099

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	PKW	QVMM
30 Days	2.59%	1.73%
60 Days	4.22%	0.70%
90 Days	7.41%	4.61%
12 Months	22.06%	20.79%

44 Overlapping Holdings

Symbol	Grade	Weight in PKW	Weight in QVMM	Overlap
AMG	C	0.19%	0.24%	0.19%
AN	D	0.24%	0.17%	0.17%
ARW	C	0.24%	0.26%	0.24%
ASGN	D	0.15%	0.18%	0.15%
ASH	D	0.16%	0.17%	0.16%
AZTA	D	0.09%	0.09%	0.09%
BC	D	0.19%	0.23%	0.19%
BERY	B	0.27%	0.31%	0.27%
BHF	F	0.1%	0.12%	0.1%
BRKR	D	0.34%	0.24%	0.24%
BYD	C	0.21%	0.16%	0.16%
CACI	B	0.38%	0.43%	0.38%
CNM	F	0.27%	0.31%	0.27%
CNX	B	0.15%	0.17%	0.15%
CSL	C	0.67%	0.8%	0.67%
DINO	F	0.32%	0.3%	0.3%
EEFT	F	0.17%	0.18%	0.17%
EQH	C	0.47%	0.51%	0.47%
EXP	A	0.29%	0.37%	0.29%
HGV	D	0.14%	0.1%	0.1%
HRB	C	0.32%	0.34%	0.32%
JEF	B	0.43%	0.43%	0.43%
KBH	B	0.21%	0.25%	0.21%
MTG	B	0.24%	0.27%	0.24%
MUSA	B	0.37%	0.38%	0.37%
NSA	A	0.12%	0.14%	0.12%
NXST	D	0.19%	0.22%	0.19%
OLN	D	0.18%	0.22%	0.18%
ORI	B	0.34%	0.39%	0.34%
PAG	D	0.38%	0.12%	0.12%
PK	F	0.11%	0.12%	0.11%
PRI	B	0.32%	0.36%	0.32%
PVH	D	0.19%	0.23%	0.19%
R	B	0.21%	0.24%	0.21%
SLM	D	0.16%	0.19%	0.16%
TGNA	C	0.08%	0.12%	0.08%
THC	B	0.56%	0.63%	0.56%
TNL	F	0.11%	0.12%	0.11%
TOL	B	0.51%	0.62%	0.51%
VAC	F	0.09%	0.1%	0.09%
VVV	D	0.18%	0.2%	0.18%
WH	B	0.22%	0.25%	0.22%
WMS	D	0.39%	0.41%	0.39%
WU	F	0.15%	0.17%	0.15%

PKW Overweight 146 Positions Relative to QVMM

Symbol	Grade	Weight
JNJ	B	5.39%
TMUS	A	5.31%
LMT	B	4.86%
CMCSA	D	4.65%
BKNG	B	4.51%
DE	B	3.81%
HCA	A	3.64%
PYPL	B	2.68%
MCK	F	2.61%
CSX	D	2.4%
ORLY	B	2.36%
MAR	D	2.31%
AFL	B	2.21%
MPC	F	2.13%
PSX	F	1.98%
MET	B	1.95%
AZO	C	1.91%
HLT	B	1.89%
AIG	D	1.8%
VLO	F	1.61%
CNC	C	1.38%
VRSK	D	1.38%
HIG	B	1.21%
DD	B	1.2%
DFS	C	1.19%
CAH	B	0.98%
PHM	B	0.95%
VST	C	0.94%
STT	B	0.91%
APP	B	0.85%
GDDY	D	0.78%
BLDR	C	0.73%
SYF	D	0.7%
CFG	C	0.67%
L	C	0.64%
STLD	F	0.63%
EXPD	D	0.62%
EXPE	C	0.6%
TXT	D	0.59%
MGM	D	0.4%
FOXA	C	0.34%
MTN	D	0.25%
WSC	D	0.25%
NSIT	C	0.23%
COOP	B	0.21%
CHH	C	0.21%
TNET	D	0.18%
ABG	F	0.17%
SM	F	0.17%
GPI	B	0.17%
RH	C	0.16%
MATX	C	0.16%
GOLF	D	0.15%
DDS	D	0.15%
ASO	C	0.14%
DXC	C	0.13%
HUN	D	0.13%
DOCN	B	0.12%
CVCO	B	0.12%
CRC	C	0.12%
IDCC	B	0.12%
FBP	D	0.12%
SKYW	C	0.11%
GNW	B	0.11%
HP	F	0.11%
SEB	C	0.11%
SLVM	B	0.11%
GFF	C	0.11%
ATKR	F	0.11%
LBRT	D	0.11%
SPB	B	0.1%
VIRT	B	0.1%
ATGE	D	0.1%
BTU	D	0.1%
CEIX	C	0.1%
AMR	F	0.1%
CARG	B	0.09%
DEI	A	0.09%
CAR	F	0.09%
ENVA	C	0.08%
HURN	C	0.07%
AMN	F	0.07%
PRG	B	0.07%
PEB	D	0.06%
JBGS	B	0.06%
PZZA	D	0.06%
CASH	B	0.06%
NAVI	C	0.06%
SAH	D	0.05%
DK	F	0.05%
XRX	F	0.05%
CSGS	C	0.05%
XHR	C	0.05%
LILAK	C	0.05%
GBX	C	0.05%
IART	F	0.05%
ANAB	C	0.04%
SBSI	C	0.04%
ODP	F	0.04%
ATSG	D	0.04%
CGEM	D	0.04%
PLAY	F	0.04%
CNNE	D	0.04%
INVA	B	0.04%
EIG	B	0.04%
HCKT	C	0.03%
ZIP	D	0.03%
STGW	B	0.03%
ECVT	F	0.03%
SCHL	D	0.03%
DXPE	C	0.03%
HTZ	F	0.03%
JACK	F	0.03%
FPI	D	0.02%
NFBK	C	0.02%
CCRN	F	0.02%
OPY	D	0.02%
LXU	D	0.02%
HONE	C	0.02%
SNCY	F	0.02%
IMXI	D	0.02%
RYI	F	0.02%
EGBN	C	0.02%
LPRO	F	0.02%
LQDT	B	0.02%
KELYA	D	0.02%
NR	D	0.02%
PRA	C	0.02%
MX	F	0.01%
MBI	F	0.01%
CHGG	F	0.01%
TASK	D	0.01%
SKIN	F	0.01%
ZYXI	F	0.01%
ONTF	D	0.01%
WSBF	B	0.01%
RLGT	C	0.01%
LWAY	C	0.01%
DBI	F	0.01%
NECB	B	0.01%
SENEA	B	0.01%
DENN	F	0.01%
GCO	F	0.01%
TBPH	D	0.01%
LSEA	C	0.01%
LOCO	B	0.01%

PKW Underweight 308 Positions Relative to QVMM

Symbol	Grade	Weight
EME	A	-0.75%
LII	A	-0.71%
RS	D	-0.69%
WSM	C	-0.67%
FNF	B	-0.64%
UTHR	C	-0.64%
MANH	A	-0.63%
RPM	B	-0.62%
WSO	C	-0.59%
RGA	B	-0.58%
GLPI	B	-0.58%
OC	C	-0.58%
IBKR	B	-0.56%
RNR	B	-0.56%
WPC	B	-0.56%
GGG	C	-0.56%
AMH	B	-0.54%
USFD	A	-0.54%
PSTG	D	-0.53%
ACM	B	-0.53%
ERIE	B	-0.53%
XPO	D	-0.51%
DKS	D	-0.51%
CW	B	-0.5%
FIX	B	-0.5%
CASY	C	-0.5%
TTEK	B	-0.49%
NBIX	D	-0.49%
BLD	D	-0.48%
SCI	A	-0.48%
CUBE	A	-0.48%
DT	C	-0.48%
CLH	B	-0.48%
JLL	B	-0.48%
EWBC	D	-0.47%
LAMR	A	-0.46%
FND	C	-0.46%
ITT	C	-0.46%
PFGC	B	-0.46%
CCK	A	-0.46%
NVT	D	-0.44%
BJ	D	-0.44%
SFM	B	-0.44%
TXRH	D	-0.44%
REXR	C	-0.43%
OVV	F	-0.43%
LECO	D	-0.43%
UNM	B	-0.43%
OHI	B	-0.42%
RRX	C	-0.42%
KNSL	C	-0.41%
WWD	D	-0.41%
ATR	A	-0.41%
LNW	B	-0.41%
SAIA	D	-0.4%
WTRG	D	-0.4%
EHC	B	-0.39%
RGLD	B	-0.39%
FHN	C	-0.38%
BWXT	D	-0.38%
ARMK	B	-0.38%
GPK	A	-0.37%
INGR	B	-0.37%
ONTO	D	-0.37%
SF	B	-0.36%
RBC	D	-0.36%
ALLY	F	-0.36%
NYT	C	-0.36%
CG	D	-0.36%
CHRD	F	-0.36%
AFG	B	-0.36%
TPX	C	-0.35%
SNX	D	-0.35%
WEX	C	-0.35%
EGP	B	-0.35%
NNN	B	-0.35%
CHE	C	-0.35%
BRX	B	-0.34%
DCI	D	-0.34%
OGE	B	-0.34%
CHK	D	-0.34%
SKX	C	-0.34%
EVR	B	-0.34%
KBR	D	-0.34%
SAIC	B	-0.33%
VOYA	A	-0.33%
COHR	C	-0.33%
FYBR	C	-0.33%
HLI	A	-0.33%
KNX	C	-0.33%
CIEN	C	-0.32%
AYI	B	-0.32%
MEDP	D	-0.32%
EXEL	A	-0.32%
AIT	C	-0.32%
BRBR	C	-0.32%
MORN	C	-0.32%
X	D	-0.32%
WBS	D	-0.32%
CR	C	-0.31%
CROX	C	-0.31%
OLED	C	-0.31%
AR	D	-0.31%
ADC	B	-0.31%
RGEN	F	-0.31%
ALV	F	-0.31%
DUOL	C	-0.31%
FCN	C	-0.31%
TTC	D	-0.3%
FLR	D	-0.3%
UFPI	C	-0.3%
SSB	B	-0.3%
SSD	C	-0.3%
AXTA	C	-0.3%
CBSH	B	-0.3%
FAF	A	-0.29%
DTM	B	-0.29%
PR	D	-0.29%
STAG	B	-0.29%
HALO	B	-0.29%
LAD	C	-0.29%
CFR	C	-0.29%
KEX	C	-0.29%
TMHC	B	-0.29%
PB	B	-0.29%
SWN	D	-0.29%
ACHC	C	-0.29%
LNTH	C	-0.29%
FR	B	-0.29%
PNFP	B	-0.29%
PCTY	D	-0.28%
MIDD	D	-0.28%
SEIC	C	-0.28%
WCC	D	-0.28%
RRC	D	-0.28%
TREX	F	-0.28%
LSCC	D	-0.28%
ESNT	B	-0.27%
WTFC	C	-0.27%
NOV	F	-0.27%
CRUS	D	-0.27%
OSK	D	-0.27%
MAT	C	-0.27%
SNV	C	-0.27%
CGNX	D	-0.27%
WFRD	D	-0.27%
ZION	D	-0.27%
MTZ	B	-0.27%
GNTX	F	-0.27%
CELH	F	-0.26%
H	D	-0.26%
JAZZ	D	-0.26%
AAON	A	-0.26%
CMC	D	-0.26%
DBX	D	-0.26%
HQY	C	-0.26%
G	B	-0.26%
CLF	F	-0.26%
MSA	D	-0.26%
LSTR	D	-0.26%
OPCH	C	-0.25%
LEA	F	-0.25%
FLS	D	-0.25%
AA	D	-0.25%
RLI	B	-0.25%
MKSI	F	-0.25%
SIGI	C	-0.24%
OLLI	C	-0.24%
GXO	D	-0.24%
MTDR	F	-0.24%
CVLT	B	-0.24%
NOVT	D	-0.24%
LPX	B	-0.24%
LFUS	D	-0.24%
DAR	F	-0.24%
ELF	F	-0.24%
STWD	B	-0.24%
POST	C	-0.24%
EXLS	B	-0.24%
ONB	C	-0.24%
CHX	D	-0.23%
SON	C	-0.23%
THG	A	-0.23%
VNO	A	-0.23%
CADE	C	-0.23%
NFG	A	-0.23%
KRG	B	-0.23%
AGCO	D	-0.23%
CBT	B	-0.23%
ESAB	C	-0.23%
COKE	C	-0.23%
TKR	D	-0.22%
KD	D	-0.22%
ST	F	-0.22%
IDA	B	-0.22%
UGI	B	-0.22%
HXL	F	-0.22%
WTS	C	-0.22%
XRAY	D	-0.22%
WHR	D	-0.21%
GATX	C	-0.21%
HOMB	C	-0.21%
VNT	D	-0.21%
MMS	D	-0.21%
FNB	D	-0.21%
MDU	B	-0.21%
MUR	F	-0.21%
VMI	D	-0.21%
CIVI	F	-0.21%
EXPO	B	-0.21%
THO	C	-0.21%
MTSI	D	-0.21%
GAP	F	-0.2%
CPRI	D	-0.2%
GBCI	C	-0.2%
FFIN	C	-0.2%
UBSI	C	-0.2%
AM	B	-0.2%
POR	A	-0.2%
BCO	B	-0.2%
SRCL	A	-0.2%
COLB	C	-0.2%
FLO	C	-0.19%
NJR	A	-0.19%
KNF	B	-0.19%
OZK	D	-0.19%
MASI	D	-0.19%
WLK	D	-0.19%
HOG	C	-0.19%
JHG	B	-0.19%
IRT	A	-0.18%
APPF	D	-0.18%
DOCS	B	-0.18%
SBRA	A	-0.18%
SWX	C	-0.18%
CUZ	B	-0.18%
UMBF	B	-0.18%
QLYS	F	-0.18%
AVT	D	-0.18%
BDC	B	-0.17%
AVNT	B	-0.17%
SLGN	B	-0.17%
LOPE	D	-0.17%
DLB	D	-0.17%
RYN	C	-0.17%
BKH	A	-0.17%
PII	D	-0.17%
HWC	D	-0.17%
ENS	D	-0.16%
KRC	C	-0.16%
RMBS	F	-0.16%
OGS	A	-0.16%
M	D	-0.16%
VLY	C	-0.15%
PRGO	C	-0.15%
MSM	D	-0.15%
NWE	A	-0.15%
PBF	F	-0.15%
ALE	B	-0.15%
KMPR	D	-0.15%
HAE	D	-0.15%
SR	A	-0.15%
TEX	D	-0.15%
CNO	B	-0.15%
EPR	B	-0.15%
NEU	C	-0.15%
PCH	C	-0.15%
IBOC	C	-0.14%
TCBI	B	-0.14%
VAL	F	-0.14%
MAN	D	-0.14%
COTY	D	-0.14%
NVST	D	-0.14%
SLAB	D	-0.14%
BLKB	B	-0.14%
LANC	D	-0.14%
CNXC	D	-0.13%
YETI	D	-0.13%
ASB	D	-0.13%
POWI	F	-0.13%
FHI	B	-0.12%
GHC	C	-0.12%
RCM	C	-0.12%
UAA	C	-0.12%
ZI	D	-0.12%
CACC	F	-0.12%
COLM	B	-0.12%
LIVN	D	-0.12%
WEN	C	-0.12%
NSP	F	-0.12%
VC	F	-0.11%
TDC	F	-0.11%
SAM	F	-0.11%
SYNA	F	-0.11%
CRI	C	-0.11%
AMKR	D	-0.11%
VSH	F	-0.1%
ENOV	F	-0.1%
MP	D	-0.09%
GT	F	-0.09%
JWN	C	-0.09%
ZD	D	-0.09%
ADNT	F	-0.08%
IPGP	F	-0.08%
PPC	D	-0.07%
HELE	D	-0.06%
ALGM	D	-0.06%
GEF	D	-0.06%