SPHD vs. NFRA ETF Comparison

Comparison of PowerShares S&P 500 High Dividend Portfolio (SPHD) to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA)

SPHD

PowerShares S&P 500 High Dividend Portfolio

SPHD Description

The PowerShares S&P 500® High Dividend Portfolio (the “Fund”) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility High Dividend Index (the “Underlying Index”). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. Standard & Poor’s® compiles, maintains and calculates the Underlying Index, which is composed of 50 securities traded on the S&P 500 Index that historically have provided high dividend yields and low volatility. The Fund and the Index are rebalanced and reconstituted semi-annually, in January and July

Grade (RS Rating)

Last Trade

$50.12

Average Daily Volume

724,475

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.22

Average Daily Volume

89,608

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPHD	NFRA
30 Days	3.60%	4.11%
60 Days	8.30%	7.22%
90 Days	13.39%	11.67%
12 Months	28.21%	19.16%

11 Overlapping Holdings

Symbol	Grade	Weight in SPHD	Weight in NFRA	Overlap
CCI	B	2.94%	0.78%	0.78%
D	C	2.43%	0.72%	0.72%
DUK	C	1.78%	1.37%	1.37%
EIX	C	1.91%	0.51%	0.51%
EXC	B	1.9%	0.6%	0.6%
KMI	A	2.31%	0.62%	0.62%
OKE	B	2.14%	0.81%	0.81%
T	B	2.66%	2.37%	2.37%
VZ	B	2.88%	2.81%	2.81%
WEC	B	1.9%	0.45%	0.45%
WMB	B	1.87%	0.85%	0.85%

SPHD Overweight 39 Positions Relative to NFRA

Symbol	Grade	Weight
MO	C	2.97%
VICI	C	2.62%
BMY	C	2.47%
O	B	2.37%
PFE	C	2.34%
PM	C	2.33%
KVUE	B	2.27%
SPG	B	2.26%
K	A	2.25%
AMCR	C	2.23%
KHC	C	2.15%
CAG	B	2.13%
LYB	F	2.13%
ES	C	2.13%
EVRG	A	2.09%
GILD	B	2.04%
DOW	D	2.02%
PNW	B	2.0%
UPS	D	1.93%
FRT	C	1.9%
FE	C	1.89%
ETR	A	1.87%
IPG	C	1.85%
VTRS	C	1.84%
IBM	B	1.8%
HST	D	1.76%
GIS	B	1.69%
PRU	C	1.66%
MDT	C	1.61%
SJM	C	1.6%
DRI	C	1.6%
ABBV	C	1.58%
HRL	C	1.49%
CVX	D	1.46%
CSCO	B	1.42%
JNJ	B	1.41%
OMC	A	1.38%
EMN	B	1.38%
XOM	D	1.29%

SPHD Underweight 53 Positions Relative to NFRA

Symbol	Grade	Weight
CNI	D	-3.47%
NEE	B	-2.61%
WCN	D	-2.39%
CMCSA	D	-2.34%
UNP	B	-2.33%
AMT	C	-1.68%
SO	B	-1.49%
EQIX	B	-1.27%
TMUS	C	-1.26%
WM	D	-1.17%
HCA	B	-1.16%
CSX	D	-1.01%
CEG	C	-0.92%
NSC	C	-0.87%
AEP	B	-0.83%
DLR	B	-0.8%
SRE	B	-0.79%
PCG	C	-0.79%
RSG	D	-0.65%
PEG	B	-0.64%
ED	C	-0.55%
XEL	A	-0.53%
CHTR	D	-0.51%
TRGP	B	-0.5%
AWK	A	-0.43%
VLTO	C	-0.41%
SBAC	C	-0.39%
THC	B	-0.24%
UHS	B	-0.2%
CLH	B	-0.19%
FYBR	C	-0.14%
WTRG	D	-0.14%
EHC	B	-0.14%
DTM	B	-0.12%
ACHC	C	-0.11%
CWST	D	-0.1%
LBRDK	D	-0.1%
SRCL	A	-0.09%
AM	B	-0.08%
SEM	D	-0.06%
CCOI	C	-0.05%
CWT	C	-0.05%
IRDM	D	-0.04%
HESM	C	-0.04%
AWR	B	-0.04%
GEO	F	-0.03%
MSEX	C	-0.03%
PCT	C	-0.02%
SJW	C	-0.02%
NFE	F	-0.02%
CXW	F	-0.02%
FSLY	D	-0.01%
UNIT	C	-0.01%