DVAL vs. SPLV ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV)

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

7,020

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$73.96

Average Daily Volume

1,577,046

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	DVAL	SPLV
30 Days	4.63%	2.35%
60 Days	5.94%	3.72%
90 Days	7.93%	6.25%
12 Months	28.10%	23.06%

13 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in SPLV	Overlap
CSCO	B	3.43%	0.0%	0.0%
CVX	A	2.2%	0.93%	0.93%
DRI	B	0.67%	0.0%	0.0%
GIS	D	0.95%	0.88%	0.88%
HON	B	3.53%	1.11%	1.11%
JNJ	D	1.56%	1.11%	1.11%
LMT	D	4.4%	1.04%	1.04%
LYB	F	1.44%	0.9%	0.9%
PG	A	0.96%	1.22%	0.96%
SYY	B	0.45%	0.9%	0.45%
TMUS	B	3.65%	1.17%	1.17%
WMB	A	1.32%	0.98%	0.98%
WMT	A	1.37%	0.92%	0.92%

DVAL Overweight 97 Positions Relative to SPLV

Symbol	Grade	Weight
CMCSA	B	4.34%
IBM	C	4.21%
DE	A	3.88%
GM	B	3.32%
CAT	B	3.17%
COP	C	3.1%
MPC	D	2.74%
PYPL	B	2.36%
BLDR	D	1.86%
AXP	A	1.5%
STLD	B	1.41%
MMM	D	1.33%
VLO	C	1.26%
PCAR	B	1.2%
NUE	C	1.15%
CSL	C	1.06%
PHM	D	1.05%
EXPD	D	1.04%
KHC	F	0.98%
RS	B	0.97%
SCI	B	0.93%
OC	A	0.9%
JBL	B	0.89%
CF	B	0.83%
EBAY	D	0.78%
NRG	B	0.77%
MGM	D	0.76%
CRBG	B	0.74%
PSX	C	0.71%
WFC	A	0.71%
BG	F	0.7%
BMY	B	0.68%
MLM	B	0.66%
EXPE	B	0.66%
ORI	A	0.65%
IPG	D	0.65%
MRO	B	0.64%
NVR	D	0.64%
AMGN	D	0.63%
AN	C	0.62%
CPAY	A	0.6%
EQH	B	0.6%
AFG	A	0.58%
EOG	A	0.53%
BERY	B	0.52%
DIS	B	0.52%
FOXA	B	0.51%
TXT	D	0.5%
WH	B	0.49%
EVR	B	0.48%
ARMK	B	0.47%
OMF	A	0.45%
MTG	C	0.45%
VZ	C	0.43%
NXST	C	0.42%
TRMB	B	0.41%
AMG	B	0.4%
FLEX	A	0.4%
TRGP	B	0.37%
MRK	F	0.35%
BC	C	0.35%
RL	B	0.33%
KBH	D	0.33%
DVA	B	0.31%
SAIC	F	0.31%
TOL	B	0.31%
MUSA	A	0.29%
R	B	0.28%
DKS	C	0.27%
BCC	B	0.26%
RHI	B	0.26%
AM	A	0.25%
EMN	D	0.23%
AOS	F	0.23%
COKE	C	0.22%
EXP	A	0.22%
BLD	D	0.2%
PVH	C	0.19%
H	B	0.18%
SNX	C	0.18%
INGR	B	0.17%
CBT	C	0.17%
CNM	D	0.17%
FANG	D	0.15%
MDU	D	0.14%
NEU	C	0.14%
FMC	D	0.13%
WEX	D	0.13%
BYD	C	0.13%
CHX	C	0.1%
GPK	C	0.1%
TPR	B	0.09%
RDN	C	0.08%
OMC	C	0.05%
WSC	D	0.04%
VOYA	B	0.04%
WCC	B	0.0%

DVAL Underweight 101 Positions Relative to SPLV

Symbol	Grade	Weight
KO	D	-1.37%
BRK.A	B	-1.31%
CL	D	-1.23%
RSG	A	-1.22%
ATO	A	-1.21%
MMC	B	-1.17%
L	A	-1.15%
MA	C	-1.13%
ADP	B	-1.11%
V	A	-1.1%
NI	A	-1.09%
PPL	B	-1.09%
ITW	B	-1.09%
FI	A	-1.08%
LIN	D	-1.08%
MSI	B	-1.08%
CHD	B	-1.07%
KMI	A	-1.07%
YUM	B	-1.07%
BSX	B	-1.07%
DUK	C	-1.07%
ICE	C	-1.06%
FE	C	-1.05%
LNT	A	-1.05%
PEP	F	-1.04%
CME	A	-1.04%
EA	A	-1.03%
CMS	C	-1.03%
GD	F	-1.03%
TJX	A	-1.03%
PEG	A	-1.03%
CB	C	-1.02%
SRE	A	-1.02%
EVRG	A	-1.02%
SPGI	C	-1.01%
MDLZ	F	-1.0%
WTW	B	-1.0%
SO	D	-1.0%
ED	D	-1.0%
OKE	A	-0.99%
KMB	D	-0.99%
COR	B	-0.99%
RTX	C	-0.99%
BK	A	-0.99%
ABT	B	-0.98%
BR	A	-0.98%
ROP	B	-0.98%
KDP	D	-0.97%
MCD	D	-0.97%
WM	A	-0.97%
SYK	C	-0.97%
WEC	A	-0.97%
EIX	B	-0.96%
HOLX	D	-0.96%
PM	B	-0.96%
STZ	D	-0.95%
MO	A	-0.94%
AMP	A	-0.94%
OTIS	C	-0.94%
AJG	B	-0.94%
CTAS	B	-0.94%
WELL	A	-0.94%
HLT	A	-0.94%
O	D	-0.93%
NDAQ	A	-0.93%
VRSN	F	-0.93%
PPG	F	-0.93%
AVB	B	-0.92%
REG	B	-0.92%
NOC	D	-0.92%
VICI	C	-0.92%
MDT	D	-0.92%
AVY	D	-0.92%
BRO	B	-0.92%
PCG	A	-0.92%
HIG	B	-0.91%
AEP	D	-0.91%
ECL	D	-0.91%
ORLY	B	-0.91%
UNP	C	-0.91%
PNW	B	-0.9%
LHX	C	-0.9%
DTE	C	-0.9%
PKG	A	-0.89%
FRT	B	-0.89%
JKHY	D	-0.89%
PAYX	C	-0.87%
CSX	B	-0.85%
LDOS	C	-0.73%
COST	B	-0.02%
MCK	B	-0.02%
JPM	A	-0.01%
ETR	B	-0.0%
MET	A	-0.0%
CBOE	B	-0.0%
AFL	B	-0.0%
PRU	A	-0.0%
AIG	B	-0.0%
AME	A	-0.0%
DGX	A	-0.0%
ABBV	D	-0.0%