BLV vs. PFM ETF Comparison

Comparison of Vanguard Long-Term Bond ETF (BLV) to PowerShares Dividend Achievers (PFM)

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$70.30

Average Daily Volume

649,810

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

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

$47.68

Average Daily Volume

24,412

Number of Holdings ^*

416

* may have additional holdings in another (foreign) market

Performance

Period	BLV	PFM
30 Days	-0.94%	2.19%
60 Days	-6.20%	2.87%
90 Days	-5.10%	5.56%
12 Months	6.76%	26.89%

176 Overlapping Holdings

Symbol	Grade	Weight in BLV	Weight in PFM	Overlap
AAPL	C	0.02%	3.9%	0.02%
ABBV	D	0.02%	1.27%	0.02%
ABT	B	0.01%	0.88%	0.01%
ADC	B	0.01%	0.03%	0.01%
ADI	D	0.02%	0.45%	0.02%
ADM	D	0.01%	0.11%	0.01%
AEE	A	0.01%	0.11%	0.01%
AEP	D	0.01%	0.22%	0.01%
AES	F	0.01%	0.04%	0.01%
AFG	A	0.01%	0.05%	0.01%
AFL	B	0.01%	0.27%	0.01%
AGO	B	0.01%	0.02%	0.01%
AIZ	A	0.01%	0.05%	0.01%
AJG	B	0.02%	0.28%	0.02%
ALB	C	0.01%	0.05%	0.01%
ALL	A	0.01%	0.23%	0.01%
AMGN	D	0.02%	0.65%	0.02%
AMT	D	0.01%	0.4%	0.01%
AON	A	0.01%	0.36%	0.01%
APD	A	0.01%	0.32%	0.01%
ARE	D	0.01%	0.08%	0.01%
ATO	A	0.01%	0.1%	0.01%
AVA	A	0.01%	0.01%	0.01%
AVGO	D	0.03%	3.32%	0.03%
AWK	D	0.01%	0.11%	0.01%
BAC	A	0.01%	1.56%	0.01%
BDX	F	0.01%	0.28%	0.01%
BEN	C	0.01%	0.05%	0.01%
BKH	A	0.01%	0.02%	0.01%
BMY	B	0.01%	0.5%	0.01%
CAH	B	0.01%	0.13%	0.01%
CAT	B	0.01%	0.81%	0.01%
CB	C	0.01%	0.5%	0.01%
CHD	B	0.01%	0.12%	0.01%
CINF	A	0.01%	0.1%	0.01%
CL	D	0.01%	0.33%	0.01%
CMCSA	B	0.01%	0.72%	0.01%
CME	A	0.02%	0.35%	0.02%
CMI	A	0.01%	0.21%	0.01%
CMS	C	0.01%	0.09%	0.01%
COST	B	0.04%	1.76%	0.04%
CSCO	B	0.03%	1.0%	0.03%
CSX	B	0.01%	0.29%	0.01%
CVX	A	0.01%	1.27%	0.01%
DGX	A	0.01%	0.08%	0.01%
DHR	F	0.01%	0.72%	0.01%
DOV	A	0.01%	0.12%	0.01%
DTE	C	0.01%	0.11%	0.01%
DUK	C	0.01%	0.38%	0.01%
ECL	D	0.01%	0.3%	0.01%
ED	D	0.01%	0.14%	0.01%
EIX	B	0.01%	0.14%	0.01%
EMN	D	0.01%	0.05%	0.01%
EPD	A	0.01%	0.29%	0.01%
ES	D	0.01%	0.1%	0.01%
ESS	B	0.01%	0.08%	0.01%
ETN	A	0.01%	0.62%	0.01%
EVRG	A	0.01%	0.06%	0.01%
EXR	D	0.01%	0.15%	0.01%
FITB	A	0.04%	0.14%	0.04%
FNF	B	0.01%	0.07%	0.01%
GD	F	0.01%	0.34%	0.01%
GLW	B	0.01%	0.17%	0.01%
GS	A	0.01%	0.8%	0.01%
GWW	B	0.01%	0.25%	0.01%
HD	A	0.01%	1.76%	0.01%
HIG	B	0.01%	0.15%	0.01%
HON	B	0.01%	0.64%	0.01%
HPQ	B	0.03%	0.16%	0.03%
HRL	D	0.01%	0.07%	0.01%
HSY	F	0.01%	0.11%	0.01%
HUM	C	0.01%	0.14%	0.01%
IBM	C	0.01%	0.83%	0.01%
ICE	C	0.02%	0.39%	0.02%
IDA	A	0.01%	0.03%	0.01%
INGR	B	0.01%	0.04%	0.01%
IPG	D	0.01%	0.04%	0.01%
ITW	B	0.01%	0.35%	0.01%
JNJ	D	0.01%	1.61%	0.01%
JPM	A	0.01%	3.01%	0.01%
KLAC	D	0.01%	0.36%	0.01%
KMB	D	0.01%	0.2%	0.01%
KO	D	0.01%	1.15%	0.01%
KR	B	0.01%	0.18%	0.01%
LHX	C	0.01%	0.2%	0.01%
LIN	D	0.01%	0.93%	0.01%
LMT	D	0.01%	0.55%	0.01%
LNT	A	0.01%	0.07%	0.01%
LOW	D	0.01%	0.66%	0.01%
LYB	F	0.01%	0.12%	0.01%
MA	C	0.01%	2.06%	0.01%
MAA	B	0.01%	0.08%	0.01%
MAS	D	0.01%	0.07%	0.01%
MCD	D	0.01%	0.9%	0.01%
MCO	B	0.01%	0.37%	0.01%
MDLZ	F	0.02%	0.37%	0.02%
MDT	D	0.05%	0.48%	0.05%
MET	A	0.01%	0.25%	0.01%
MKC	D	0.01%	0.08%	0.01%
MMC	B	0.01%	0.48%	0.01%
MMM	D	0.01%	0.31%	0.01%
MO	A	0.01%	0.41%	0.01%
MPLX	A	0.01%	0.21%	0.01%
MRK	F	0.01%	1.06%	0.01%
MS	A	0.02%	0.94%	0.02%
MSFT	F	0.01%	3.91%	0.01%
MSI	B	0.01%	0.35%	0.01%
NDAQ	A	0.01%	0.2%	0.01%
NEE	D	0.01%	0.68%	0.01%
NI	A	0.01%	0.07%	0.01%
NKE	D	0.01%	0.39%	0.01%
NNN	D	0.01%	0.03%	0.01%
NOC	D	0.01%	0.31%	0.01%
NUE	C	0.03%	0.15%	0.03%
NWE	B	0.01%	0.01%	0.01%
O	D	0.01%	0.21%	0.01%
OGE	B	0.01%	0.04%	0.01%
ORCL	B	0.01%	2.21%	0.01%
ORI	A	0.01%	0.04%	0.01%
PEG	A	0.01%	0.19%	0.01%
PEP	F	0.01%	0.94%	0.01%
PFE	D	0.01%	0.61%	0.01%
PFG	D	0.01%	0.09%	0.01%
PG	A	0.01%	1.73%	0.01%
PKG	A	0.01%	0.09%	0.01%
PLD	D	0.01%	0.46%	0.01%
PM	B	0.01%	0.88%	0.01%
PNW	B	0.01%	0.04%	0.01%
PRU	A	0.01%	0.2%	0.01%
PSX	C	0.02%	0.24%	0.02%
QCOM	F	0.01%	0.79%	0.01%
REG	B	0.01%	0.06%	0.01%
RF	A	0.01%	0.1%	0.01%
RJF	A	0.01%	0.15%	0.01%
ROK	B	0.01%	0.14%	0.01%
RPM	A	0.01%	0.08%	0.01%
RSG	A	0.01%	0.28%	0.01%
RTX	C	0.01%	0.69%	0.01%
SBUX	A	0.01%	0.49%	0.01%
SHW	A	0.01%	0.41%	0.01%
SIGI	C	0.01%	0.03%	0.01%
SJM	D	0.01%	0.05%	0.01%
SNA	A	0.01%	0.08%	0.01%
SO	D	0.01%	0.42%	0.01%
SPGI	C	0.01%	0.68%	0.01%
SRE	A	0.01%	0.25%	0.01%
STE	F	0.01%	0.09%	0.01%
STLD	B	0.01%	0.09%	0.01%
SWK	D	0.01%	0.06%	0.01%
SWX	B	0.01%	0.02%	0.01%
SYK	C	0.01%	0.64%	0.01%
SYY	B	0.01%	0.16%	0.01%
TGT	F	0.01%	0.31%	0.01%
TRV	B	0.01%	0.26%	0.01%
TSN	B	0.01%	0.08%	0.01%
TT	A	0.01%	0.4%	0.01%
TXN	C	0.01%	0.82%	0.01%
UDR	B	0.01%	0.06%	0.01%
UNH	C	0.01%	2.35%	0.01%
UNM	A	0.01%	0.06%	0.01%
UNP	C	0.01%	0.62%	0.01%
UPS	C	0.01%	0.43%	0.01%
V	A	0.01%	2.25%	0.01%
VMC	B	0.02%	0.16%	0.02%
VZ	C	0.01%	0.77%	0.01%
WBA	F	0.01%	0.03%	0.01%
WEC	A	0.01%	0.13%	0.01%
WLK	D	0.01%	0.07%	0.01%
WM	A	0.01%	0.38%	0.01%
WMT	A	0.01%	2.92%	0.01%
WRB	A	0.01%	0.1%	0.01%
WTRG	B	0.01%	0.05%	0.01%
XEL	A	0.01%	0.17%	0.01%
XOM	B	0.01%	2.31%	0.01%
XYL	D	0.01%	0.13%	0.01%
ZTS	D	0.01%	0.35%	0.01%

BLV Overweight 166 Positions Relative to PFM

Symbol	Grade	Weight
WIT	A	1.44%
HPE	B	0.04%
WY	D	0.04%
EQH	B	0.04%
ALLY	C	0.04%
CARR	D	0.04%
DD	D	0.04%
DELL	C	0.04%
SCCO	F	0.03%
TAP	C	0.03%
CRM	B	0.03%
HAL	C	0.03%
BHP	F	0.03%
AMZN	C	0.03%
PYPL	B	0.02%
TEL	B	0.02%
CF	B	0.02%
AXP	A	0.02%
OHI	C	0.02%
LEA	D	0.02%
BHF	B	0.02%
FANG	D	0.02%
EBAY	D	0.02%
GPN	B	0.02%
WU	D	0.02%
WHR	B	0.02%
MAR	B	0.02%
VLO	C	0.02%
CAG	D	0.02%
GOOGL	C	0.02%
GM	B	0.02%
BIIB	F	0.02%
BABA	D	0.02%
FOXA	B	0.02%
NVDA	C	0.02%
VTRS	A	0.02%
GSK	F	0.02%
CPT	B	0.01%
VTR	C	0.01%
WPC	D	0.01%
PECO	A	0.01%
DOC	D	0.01%
SCHW	B	0.01%
BAX	D	0.01%
AAT	B	0.01%
CACC	D	0.01%
HIW	D	0.01%
JD	D	0.01%
FRT	B	0.01%
CHI	A	0.01%
TJX	A	0.01%
DT	C	0.01%
DRI	B	0.01%
OPI	F	0.01%
PDM	D	0.01%
K	A	0.01%
JNPR	F	0.01%
LXP	D	0.01%
KRC	C	0.01%
KSS	F	0.01%
WELL	A	0.01%
WEST	C	0.01%
OC	A	0.01%
NYC	D	0.01%
KIM	A	0.01%
EQIX	A	0.01%
EOG	A	0.01%
FTV	C	0.01%
BWA	D	0.01%
CFG	B	0.01%
APTV	D	0.01%
CPB	D	0.01%
COO	D	0.01%
UAL	A	0.01%
VOYA	B	0.01%
VMI	B	0.01%
SBRA	C	0.01%
ZBH	C	0.01%
NOV	C	0.01%
LH	C	0.01%
NXPI	D	0.01%
IVZ	B	0.01%
HOG	D	0.01%
JEF	A	0.01%
HAS	D	0.01%
L	A	0.01%
DG	F	0.01%
FE	C	0.01%
EE	A	0.01%
EA	A	0.01%
FMC	D	0.01%
AVB	B	0.01%
REGN	F	0.01%
EG	C	0.01%
VRSK	A	0.01%
STZ	D	0.01%
ACGL	D	0.01%
CTS	C	0.01%
FIS	C	0.01%
IFF	D	0.01%
JCI	C	0.01%
EQR	B	0.01%
EL	F	0.01%
KDP	D	0.01%
MLM	B	0.01%
OTIS	C	0.01%
LNC	B	0.01%
OKE	A	0.01%
OGS	A	0.01%
PPL	B	0.01%
MOS	F	0.01%
RPRX	D	0.01%
CCI	D	0.01%
AMAT	F	0.01%
CP	D	0.01%
CNP	B	0.01%
DE	A	0.01%
IP	B	0.01%
JBLU	F	0.01%
PAA	B	0.01%
MKL	A	0.01%
MRO	B	0.01%
EQNR	D	0.01%
D	C	0.01%
GIS	D	0.01%
KOF	F	0.01%
NEM	D	0.01%
NSC	B	0.01%
LRCX	F	0.01%
LLY	F	0.01%
TMO	F	0.01%
PH	A	0.01%
DVN	F	0.01%
EXC	C	0.01%
DOW	F	0.01%
BSX	B	0.01%
ETR	B	0.01%
HES	B	0.01%
MPC	D	0.01%
MUFG	B	0.01%
SPG	B	0.01%
PHM	D	0.01%
PGR	A	0.01%
AIG	B	0.01%
ET	A	0.01%
FDX	B	0.01%
WMB	A	0.01%
C	A	0.01%
GILD	C	0.01%
INTC	D	0.01%
HCA	F	0.01%
KMI	A	0.01%
DIS	B	0.01%
CI	F	0.01%
COP	C	0.01%
AZN	D	0.01%
VOD	F	0.01%
TMUS	B	0.01%
HSBC	B	0.01%
PCG	A	0.01%
CHTR	C	0.01%
WFC	A	0.01%
BA	F	0.01%
T	A	0.01%
CVS	D	0.01%
GE	D	0.01%

BLV Underweight 240 Positions Relative to PFM

Symbol	Grade	Weight
ACN	C	-0.95%
INTU	C	-0.82%
BLK	C	-0.67%
ADP	B	-0.53%
ELV	F	-0.4%
CTAS	B	-0.38%
APH	A	-0.37%
PNC	B	-0.35%
USB	A	-0.34%
MCK	B	-0.34%
EMR	A	-0.32%
TFC	A	-0.27%
ROP	B	-0.26%
BK	A	-0.25%
AMP	A	-0.24%
PAYX	C	-0.22%
COR	B	-0.21%
FAST	B	-0.2%
DFS	B	-0.19%
A	D	-0.16%
MCHP	D	-0.15%
RMD	C	-0.15%
TSCO	D	-0.13%
BRO	B	-0.13%
BR	A	-0.12%
PPG	F	-0.12%
STT	A	-0.12%
TROW	B	-0.11%
WST	C	-0.1%
HUBB	B	-0.1%
CDW	F	-0.1%
CSL	C	-0.09%
CLX	B	-0.09%
CBOE	B	-0.09%
LII	A	-0.09%
KEY	B	-0.08%
BAH	F	-0.08%
FDS	B	-0.08%
WSO	A	-0.08%
JBHT	C	-0.08%
ERIE	D	-0.08%
BBY	D	-0.08%
GGG	B	-0.07%
RGA	A	-0.07%
DPZ	C	-0.07%
AVY	D	-0.07%
FIX	A	-0.07%
WSM	B	-0.07%
RS	B	-0.07%
EXPD	D	-0.07%
IEX	B	-0.07%
GPC	D	-0.07%
CHRW	C	-0.06%
ELS	C	-0.06%
POOL	C	-0.06%
RNR	C	-0.06%
MORN	B	-0.06%
NDSN	B	-0.06%
HEI	B	-0.06%
CASY	A	-0.06%
SEIC	B	-0.05%
CUBE	D	-0.05%
ATR	B	-0.05%
EVR	B	-0.05%
RRX	B	-0.05%
LECO	B	-0.05%
ITT	A	-0.05%
SCI	B	-0.05%
JKHY	D	-0.05%
ENSG	D	-0.04%
EGP	F	-0.04%
CHE	D	-0.04%
TTC	D	-0.04%
ZION	B	-0.04%
AOS	F	-0.04%
WTFC	A	-0.04%
CFR	B	-0.04%
DCI	B	-0.04%
REXR	F	-0.04%
CBSH	A	-0.04%
RGLD	C	-0.04%
GL	B	-0.04%
MKTX	D	-0.04%
LAD	A	-0.04%
AIT	A	-0.04%
CHDN	B	-0.04%
PRI	A	-0.04%
THG	A	-0.03%
TRNO	F	-0.03%
THO	B	-0.03%
FFIN	B	-0.03%
UMBF	B	-0.03%
LFUS	F	-0.03%
CBT	C	-0.03%
HOMB	A	-0.03%
BMI	B	-0.03%
STAG	F	-0.03%
MSA	D	-0.03%
FAF	A	-0.03%
CADE	B	-0.03%
FR	C	-0.03%
AGCO	D	-0.03%
R	B	-0.03%
OSK	B	-0.03%
AXS	A	-0.03%
BOKF	B	-0.03%
SSD	D	-0.03%
RHI	B	-0.03%
HII	D	-0.03%
PB	A	-0.03%
SSB	B	-0.03%
UFPI	B	-0.03%
RLI	B	-0.03%
WSFS	A	-0.02%
CBU	B	-0.02%
PRGO	B	-0.02%
SR	A	-0.02%
PII	D	-0.02%
MGEE	C	-0.02%
GFF	A	-0.02%
AUB	B	-0.02%
MDU	D	-0.02%
CCOI	B	-0.02%
WDFC	B	-0.02%
ASH	D	-0.02%
BANF	B	-0.02%
ASB	B	-0.02%
FUL	F	-0.02%
CNO	A	-0.02%
IBOC	A	-0.02%
AVNT	B	-0.02%
FLO	D	-0.02%
POR	C	-0.02%
KAI	A	-0.02%
NJR	A	-0.02%
AVT	C	-0.02%
EXPO	D	-0.02%
FELE	B	-0.02%
LANC	C	-0.02%
SON	D	-0.02%
CNS	B	-0.02%
NXST	C	-0.02%
UGI	A	-0.02%
TKR	D	-0.02%
MATX	C	-0.02%
AL	B	-0.02%
GATX	A	-0.02%
DDS	B	-0.02%
OZK	B	-0.02%
BC	C	-0.02%
UBSI	B	-0.02%
BCPC	B	-0.02%
WTS	B	-0.02%
NFG	A	-0.02%
SLGN	A	-0.02%
MSEX	B	-0.01%
GABC	B	-0.01%
TR	B	-0.01%
UVV	B	-0.01%
LNN	B	-0.01%
WABC	B	-0.01%
NWN	A	-0.01%
CSGS	B	-0.01%
TCBK	B	-0.01%
STBA	B	-0.01%
SRCE	B	-0.01%
ANDE	D	-0.01%
TNC	D	-0.01%
HMN	B	-0.01%
DKL	C	-0.01%
SCL	C	-0.01%
GTY	B	-0.01%
SJW	D	-0.01%
APOG	B	-0.01%
LKFN	B	-0.01%
NHC	C	-0.01%
CHCO	B	-0.01%
AGM	C	-0.01%
WOR	F	-0.01%
WSBC	A	-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%
HNI	B	-0.01%
FRME	B	-0.01%
TOWN	B	-0.01%
HWKN	B	-0.01%
NSP	D	-0.01%
ABR	C	-0.01%
CPK	A	-0.01%
CWT	D	-0.01%
WAFD	B	-0.01%
IOSP	B	-0.01%
MAN	D	-0.01%
INDB	B	-0.01%
SFNC	B	-0.01%
TRN	C	-0.01%
KWR	C	-0.01%
AWR	B	-0.01%
BRC	D	-0.01%
JJSF	B	-0.01%
OTTR	C	-0.01%
POWI	D	-0.01%
FIBK	A	-0.01%
ABM	B	-0.01%
JOUT	D	-0.0%
FLIC	B	-0.0%
ARTNA	D	-0.0%
HVT	D	-0.0%
ODC	C	-0.0%
BMRC	B	-0.0%
CTO	B	-0.0%
YORW	D	-0.0%
AROW	B	-0.0%
UHT	D	-0.0%
THFF	B	-0.0%
PLOW	D	-0.0%
HIFS	B	-0.0%
CASS	B	-0.0%
SPTN	D	-0.0%
WASH	C	-0.0%
MATW	C	-0.0%
GSBC	B	-0.0%
SMBC	B	-0.0%
HY	D	-0.0%
MBWM	B	-0.0%
HBNC	B	-0.0%
MNRO	D	-0.0%
FCBC	B	-0.0%
HFWA	B	-0.0%
SCVL	F	-0.0%
PFC	A	-0.0%
GRC	A	-0.0%
SBSI	B	-0.0%
CTBI	B	-0.0%
TMP	B	-0.0%
AMSF	B	-0.0%