SPHQ vs. RAVI ETF Comparison

Comparison of PowerShares S&P 500 High Quality Portfolio (SPHQ) to FlexShares Ready Access Variable Income Fund (RAVI)

SPHQ

PowerShares S&P 500 High Quality Portfolio

SPHQ Description

The PowerShares S&P 500Â® High Quality Portfolio (Fund) is based on the S&P 500Â® High Quality Rankings 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 provide exposure to the constituents of the S&P 500 Index that are identified as stocks reflecting long-term growth and stability of a company's earnings and dividends. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$68.58

Average Daily Volume

861,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.46

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	SPHQ	RAVI
30 Days	2.20%	0.41%
60 Days	1.70%	0.65%
90 Days	3.87%	1.23%
12 Months	32.58%	5.45%

9 Overlapping Holdings

Symbol	Grade	Weight in SPHQ	Weight in RAVI	Overlap
CAT	B	2.01%	0.26%	0.26%
CLX	B	0.24%	0.26%	0.24%
GE	D	2.02%	0.76%	0.76%
LEN	D	0.42%	0.26%	0.26%
LYB	F	0.21%	0.83%	0.21%
MCHP	D	0.43%	0.22%	0.22%
MDLZ	F	0.9%	0.09%	0.09%
MLM	B	0.44%	0.28%	0.28%
VLO	C	0.44%	1.51%	0.44%

SPHQ Overweight 90 Positions Relative to RAVI

Symbol	Grade	Weight
MA	C	5.45%
V	A	5.29%
AVGO	D	5.28%
AAPL	C	4.97%
JNJ	D	4.84%
MSFT	F	4.5%
COST	B	4.29%
NFLX	A	4.24%
PG	A	3.89%
ADBE	C	2.87%
CSCO	B	2.61%
PEP	F	2.26%
QCOM	F	2.2%
ADP	B	2.01%
INTU	C	1.83%
AMAT	F	1.68%
LMT	D	1.65%
PGR	A	1.63%
TJX	A	1.54%
PANW	C	1.24%
ITW	B	1.16%
NKE	D	1.08%
LRCX	F	1.06%
KLAC	D	1.05%
SHW	A	1.01%
EMR	A	0.88%
AMP	A	0.86%
ADSK	A	0.86%
CTAS	B	0.76%
ZTS	D	0.74%
MCO	B	0.73%
PAYX	C	0.66%
IT	C	0.64%
GWW	B	0.59%
FAST	B	0.59%
MPC	D	0.58%
CMI	A	0.57%
KMB	D	0.52%
ROST	C	0.47%
KVUE	A	0.46%
COR	B	0.46%
VRSK	A	0.45%
ACGL	D	0.41%
ROK	B	0.4%
IDXX	F	0.4%
GEHC	F	0.4%
MNST	C	0.4%
LULU	C	0.38%
SYY	B	0.37%
A	D	0.37%
EA	A	0.37%
CTSH	B	0.37%
VMC	B	0.37%
CNC	D	0.36%
EBAY	D	0.34%
DD	D	0.32%
NVR	D	0.3%
DECK	A	0.29%
BR	A	0.27%
BALL	D	0.27%
KEYS	A	0.26%
ADM	D	0.26%
K	A	0.26%
HSY	F	0.26%
VLTO	D	0.26%
TROW	B	0.26%
CDW	F	0.25%
BLDR	D	0.24%
CINF	A	0.23%
LH	C	0.23%
EXPD	D	0.21%
ULTA	F	0.21%
OMC	C	0.2%
STE	F	0.2%
BAX	D	0.19%
POOL	C	0.19%
JBL	B	0.19%
HOLX	D	0.17%
EG	C	0.16%
FFIV	B	0.15%
CHRW	C	0.14%
SWKS	F	0.14%
JKHY	D	0.13%
AOS	F	0.11%
APA	D	0.1%
MKTX	D	0.1%
BWA	D	0.1%
PAYC	B	0.1%
RL	B	0.09%
SOLV	C	0.09%

SPHQ Underweight 92 Positions Relative to RAVI

Symbol	Grade	Weight
ED	D	-1.05%
OGS	A	-1.05%
OTIS	C	-0.95%
PYPL	B	-0.95%
KDP	D	-0.95%
DHR	F	-0.86%
DTE	C	-0.77%
TSN	B	-0.7%
WM	A	-0.69%
CI	F	-0.67%
CM	A	-0.62%
GP	F	-0.59%
GILD	C	-0.59%
TFC	A	-0.59%
AIG	B	-0.57%
SJM	D	-0.57%
NEE	D	-0.57%
BAC	A	-0.57%
AZO	C	-0.52%
NVDA	C	-0.52%
BNS	A	-0.52%
D	C	-0.51%
BDX	F	-0.51%
TD	F	-0.51%
RY	A	-0.51%
SYK	C	-0.49%
CCI	D	-0.49%
AON	A	-0.46%
UNH	C	-0.43%
BMY	B	-0.43%
AMZN	C	-0.42%
SCHW	B	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	B	-0.39%
ETR	B	-0.38%
AEP	D	-0.38%
CVX	A	-0.33%
NDAQ	A	-0.31%
ARCC	A	-0.3%
T	A	-0.3%
HSBC	B	-0.29%
CFG	B	-0.29%
DELL	C	-0.28%
CMCSA	B	-0.28%
DB	D	-0.28%
CP	D	-0.27%
WFC	A	-0.26%
SO	D	-0.26%
ATHS	C	-0.26%
GS	A	-0.26%
AL	B	-0.25%
C	A	-0.24%
CMS	C	-0.24%
FIS	C	-0.23%
FITB	A	-0.22%
PPL	B	-0.22%
FOXA	B	-0.21%
NYC	D	-0.21%
CNP	B	-0.2%
SBUX	A	-0.18%
LUV	C	-0.18%
MKC	D	-0.17%
AEE	A	-0.17%
BHF	B	-0.17%
CVS	D	-0.16%
KEY	B	-0.16%
SEB	F	-0.16%
UBS	C	-0.16%
PSX	C	-0.16%
AZN	D	-0.15%
NWG	C	-0.15%
BA	F	-0.15%
ICE	C	-0.15%
MUFG	B	-0.14%
MET	A	-0.13%
DHI	D	-0.13%
AMT	D	-0.13%
CNH	C	-0.13%
ABBV	D	-0.13%
HPE	B	-0.11%
EFX	F	-0.1%
GM	B	-0.1%
VZ	C	-0.1%
R	B	-0.08%
HRL	D	-0.07%
ROP	B	-0.07%
DUK	C	-0.07%
COF	B	-0.06%
MS	A	-0.06%
PCAR	B	-0.05%
JPM	A	-0.03%