XRLV vs. BUSA ETF Comparison

Comparison of PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV) to Brandes U.S. Value ETF (BUSA)

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.04

Average Daily Volume

803

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

BUSA

Brandes U.S. Value ETF

BUSA Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes), measured at the time of purchase, in securities of U.S. companies.

Grade (RS Rating)

Last Trade

$33.62

Average Daily Volume

25,043

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XRLV	BUSA
30 Days	2.47%	4.78%
60 Days	4.00%	6.46%
90 Days	6.43%	6.78%
12 Months	23.64%	29.83%

13 Overlapping Holdings

Symbol	Grade	Weight in XRLV	Weight in BUSA	Overlap
AIG	B	0.96%	1.61%	0.96%
BK	A	1.16%	1.95%	1.16%
BRK.A	B	1.43%	0.98%	0.98%
CSCO	B	1.11%	1.06%	1.06%
ETR	B	1.11%	1.55%	1.11%
FI	A	1.3%	3.53%	1.3%
GD	F	0.93%	0.91%	0.91%
JNJ	D	1.01%	1.77%	1.01%
JPM	A	1.12%	2.2%	1.12%
LH	C	0.91%	1.49%	0.91%
MCK	B	0.88%	3.11%	0.88%
OMC	C	0.89%	2.04%	0.89%
SYY	B	0.84%	0.96%	0.84%

XRLV Overweight 87 Positions Relative to BUSA

Symbol	Grade	Weight
TMUS	B	1.45%
V	A	1.34%
KMI	A	1.28%
AMP	A	1.26%
L	A	1.24%
WMB	A	1.22%
RSG	A	1.21%
MA	C	1.19%
WMT	A	1.19%
HON	B	1.18%
OKE	A	1.16%
MMC	B	1.14%
PG	A	1.13%
ITW	B	1.13%
MSI	B	1.13%
TJX	A	1.13%
ATO	A	1.12%
KO	D	1.12%
AME	A	1.11%
PM	B	1.08%
IEX	B	1.07%
ROP	B	1.06%
CME	A	1.06%
MCD	D	1.06%
MET	A	1.05%
CB	C	1.04%
PRU	A	1.04%
ADP	B	1.04%
LIN	D	1.04%
PKG	A	1.04%
HIG	B	1.03%
SRE	A	1.03%
CL	D	1.03%
HLT	A	1.02%
CTAS	B	1.0%
PPL	B	1.0%
PEG	A	0.99%
WELL	A	0.99%
YUM	B	0.99%
CHD	B	0.99%
PFG	D	0.99%
DRI	B	0.98%
COR	B	0.98%
PAYX	C	0.98%
WM	A	0.98%
MO	A	0.97%
NI	A	0.97%
BRO	B	0.97%
EA	A	0.97%
CSX	B	0.96%
DUK	C	0.96%
AJG	B	0.95%
AFL	B	0.95%
UNP	C	0.94%
BR	A	0.94%
LNT	A	0.94%
WEC	A	0.93%
SO	D	0.93%
VRSN	F	0.93%
ABT	B	0.92%
DGX	A	0.92%
AVB	B	0.92%
AVY	D	0.92%
CMS	C	0.91%
MDT	D	0.91%
LMT	D	0.9%
VRSK	A	0.9%
EVRG	A	0.9%
PEP	F	0.89%
KMB	D	0.88%
ECL	D	0.88%
FE	C	0.87%
MDLZ	F	0.87%
PPG	F	0.87%
ED	D	0.87%
STZ	D	0.87%
JKHY	D	0.86%
HOLX	D	0.85%
CBOE	B	0.83%
KDP	D	0.81%
BDX	F	0.8%
GIS	D	0.78%
ABBV	D	0.76%
LYB	F	0.76%
DOW	F	0.71%
REGN	F	0.66%
ELV	F	0.64%

XRLV Underweight 42 Positions Relative to BUSA

Symbol	Grade	Weight
CVX	A	-3.36%
WFC	A	-2.9%
BAC	A	-2.86%
FLEX	A	-2.58%
PNC	B	-2.57%
CMCSA	B	-2.48%
GOOG	C	-2.41%
WTW	B	-2.4%
C	A	-2.38%
DOX	D	-2.34%
CI	F	-2.26%
FDX	B	-2.24%
CTVA	C	-2.18%
HAL	C	-2.11%
EMR	A	-2.1%
CTSH	B	-2.06%
TXT	D	-2.05%
SSNC	B	-2.02%
SNY	F	-1.96%
PFE	D	-1.95%
MRK	F	-1.92%
WRB	A	-1.91%
INGR	B	-1.69%
HCA	F	-1.68%
CAH	B	-1.57%
KVUE	A	-1.53%
ACGL	D	-1.44%
AZO	C	-1.43%
MU	D	-1.31%
STT	A	-1.28%
CVS	D	-1.19%
LKQ	D	-1.15%
WKC	D	-1.09%
KNX	B	-1.08%
TFC	A	-1.08%
OMF	A	-1.02%
GTES	A	-1.01%
SLB	C	-0.99%
JCI	C	-0.87%
MHK	D	-0.83%
OTEX	D	-0.54%
QRVO	F	-0.5%