FDL vs. PWV ETF Comparison

Comparison of First Trust Morningstar ETF (FDL) to PowerShares Dynamic LargeCap Value (PWV)

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.89

Average Daily Volume

641,108

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM 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 capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

54,070

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDL	PWV
30 Days	-2.87%	-3.39%
60 Days	1.72%	0.02%
90 Days	0.56%	-1.16%
12 Months	13.93%	20.69%

10 Overlapping Holdings

Symbol	Grade	Weight in FDL	Weight in PWV	Overlap
ABBV	B	8.02%	3.63%	3.63%
CVX	D	9.92%	3.25%	3.25%
F	D	1.83%	1.48%	1.48%
IBM	C	4.1%	3.37%	3.37%
MET	C	0.98%	1.4%	0.98%
PNC	C	1.95%	1.44%	1.44%
PRU	B	1.56%	1.4%	1.4%
PSX	D	1.32%	1.4%	1.32%
VZ	B	8.8%	3.42%	3.42%
WMB	A	1.92%	1.48%	1.48%

FDL Overweight 80 Positions Relative to PWV

Symbol	Grade	Weight
PFE	C	7.62%
PM	B	7.14%
MO	B	6.05%
C	C	3.36%
MMM	B	2.82%
DUK	B	2.68%
SO	B	2.63%
USB	C	2.13%
TFC	C	2.08%
OKE	C	1.85%
DVN	D	1.59%
EIX	C	1.01%
LYB	C	0.96%
TROW	B	0.83%
IFF	B	0.81%
ETR	D	0.78%
MTB	C	0.68%
FE	C	0.68%
FITB	C	0.68%
RF	C	0.65%
HBAN	D	0.62%
CFG	C	0.6%
BBY	A	0.59%
KEY	D	0.54%
NTRS	C	0.49%
EVRG	C	0.46%
WBA	D	0.42%
NRG	B	0.37%
FNF	C	0.36%
EMN	B	0.35%
PNW	C	0.34%
HAS	C	0.33%
PKG	B	0.33%
LNC	B	0.28%
CMA	D	0.27%
ALLY	B	0.27%
OGE	C	0.27%
FHN	D	0.26%
WU	D	0.25%
WHR	F	0.25%
DINO	D	0.23%
BEN	F	0.23%
UGI	D	0.23%
EWBC	C	0.22%
COLB	F	0.22%
ZION	C	0.19%
CG	D	0.19%
WBS	D	0.17%
JHG	B	0.16%
SNV	C	0.15%
ALE	B	0.14%
UBSI	D	0.14%
BKH	D	0.14%
FIBK	C	0.13%
CADE	D	0.13%
ONB	C	0.12%
NWE	D	0.12%
AVA	D	0.12%
FNB	D	0.12%
SR	D	0.12%
VLY	D	0.12%
SWX	C	0.11%
MAN	D	0.11%
AGR	D	0.11%
OZK	D	0.11%
FHB	C	0.1%
ASB	C	0.1%
NYCB	F	0.1%
GBCI	C	0.1%
SMG	D	0.09%
MDU	C	0.09%
ARCH	D	0.08%
UCBI	D	0.08%
CATY	C	0.07%
CRI	F	0.07%
INDB	F	0.07%
AAP	D	0.04%
CNS	C	0.04%
CVI	F	0.04%
GEF	D	0.01%

FDL Underweight 39 Positions Relative to PWV

Symbol	Grade	Weight
ABT	D	-3.43%
JNJ	F	-3.41%
BAC	A	-3.38%
AMGN	B	-3.37%
CSCO	F	-3.33%
CMCSA	F	-3.3%
JPM	B	-3.28%
WFC	C	-3.26%
MS	B	-3.26%
XOM	D	-3.24%
CAT	D	-3.19%
GM	B	-1.6%
HCA	A	-1.55%
LOW	C	-1.53%
ELV	C	-1.5%
FIS	A	-1.49%
DHI	D	-1.46%
BK	B	-1.46%
AFL	A	-1.45%
LEN	D	-1.45%
CB	B	-1.45%
FDX	D	-1.45%
CI	D	-1.45%
PCAR	C	-1.44%
NXPI	B	-1.43%
ET	C	-1.43%
COF	C	-1.43%
KR	C	-1.4%
AIG	D	-1.39%
CNC	D	-1.38%
MPC	D	-1.38%
URI	C	-1.37%
EOG	D	-1.37%
CME	D	-1.36%
COP	D	-1.35%
NUE	D	-1.33%
VLO	D	-1.33%
SCCO	D	-1.27%
DELL	B	-1.18%