PFM vs. FELV ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to Fidelity Enhanced Large Cap Value ETF (FELV)

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

$47.95

Average Daily Volume

24,412

Number of Holdings ^*

416

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.72

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	PFM	FELV
30 Days	2.19%	4.38%
60 Days	2.87%	5.85%
90 Days	5.56%	7.57%
12 Months	26.89%	29.90%

128 Overlapping Holdings

Symbol	Grade	Weight in PFM	Weight in FELV	Overlap
A	D	0.16%	0.09%	0.09%
AAPL	C	3.9%	0.19%	0.19%
ABBV	D	1.27%	0.85%	0.85%
ABT	B	0.88%	0.54%	0.54%
ACN	C	0.95%	0.34%	0.34%
ADI	D	0.45%	0.04%	0.04%
ADM	D	0.11%	0.1%	0.1%
ADP	B	0.53%	0.1%	0.1%
AEP	D	0.22%	0.08%	0.08%
AES	F	0.04%	0.16%	0.04%
AIZ	A	0.05%	0.11%	0.05%
ALL	A	0.23%	0.19%	0.19%
AMGN	D	0.65%	0.15%	0.15%
AMT	D	0.4%	0.14%	0.14%
AON	A	0.36%	0.59%	0.36%
AVGO	D	3.32%	0.12%	0.12%
AXS	A	0.03%	0.01%	0.01%
BAC	A	1.56%	1.77%	1.56%
BBY	D	0.08%	0.15%	0.08%
BDX	F	0.28%	0.74%	0.28%
BK	A	0.25%	0.63%	0.25%
BKH	A	0.02%	0.04%	0.02%
BLK	C	0.67%	0.37%	0.37%
BMY	B	0.5%	0.84%	0.5%
CAH	B	0.13%	0.3%	0.13%
CAT	B	0.81%	0.54%	0.54%
CINF	A	0.1%	0.22%	0.1%
CL	D	0.33%	0.54%	0.33%
CLX	B	0.09%	0.25%	0.09%
CMCSA	B	0.72%	1.13%	0.72%
CME	A	0.35%	0.57%	0.35%
CMI	A	0.21%	0.34%	0.21%
CNO	A	0.02%	0.09%	0.02%
CSCO	B	1.0%	1.07%	1.0%
CSX	B	0.29%	0.34%	0.29%
CTAS	B	0.38%	0.43%	0.38%
CVX	A	1.27%	0.53%	0.53%
DFS	B	0.19%	0.05%	0.05%
DGX	A	0.08%	0.01%	0.01%
DHR	F	0.72%	0.17%	0.17%
DTE	C	0.11%	0.19%	0.11%
DUK	C	0.38%	0.28%	0.28%
ECL	D	0.3%	0.5%	0.3%
ED	D	0.14%	0.22%	0.14%
EIX	B	0.14%	0.17%	0.14%
ELV	F	0.4%	0.11%	0.11%
ES	D	0.1%	0.13%	0.1%
ETN	A	0.62%	0.76%	0.62%
EVRG	A	0.06%	0.35%	0.06%
FR	C	0.03%	0.28%	0.03%
GD	F	0.34%	0.14%	0.14%
GL	B	0.04%	0.28%	0.04%
GLW	B	0.17%	0.01%	0.01%
GS	A	0.8%	0.34%	0.34%
HD	A	1.76%	0.45%	0.45%
HON	B	0.64%	0.08%	0.08%
HUM	C	0.14%	0.14%	0.14%
IBM	C	0.83%	0.27%	0.27%
ICE	C	0.39%	0.18%	0.18%
INGR	B	0.04%	0.04%	0.04%
ITT	A	0.05%	0.18%	0.05%
ITW	B	0.35%	0.12%	0.12%
JNJ	D	1.61%	1.02%	1.02%
JPM	A	3.01%	2.93%	2.93%
KEY	B	0.08%	0.18%	0.08%
KLAC	D	0.36%	0.03%	0.03%
KMB	D	0.2%	0.14%	0.14%
KR	B	0.18%	0.31%	0.18%
LHX	C	0.2%	0.45%	0.2%
LIN	D	0.93%	0.46%	0.46%
LMT	D	0.55%	0.64%	0.55%
LOW	D	0.66%	0.07%	0.07%
MA	C	2.06%	0.28%	0.28%
MATX	C	0.02%	0.03%	0.02%
MCD	D	0.9%	0.28%	0.28%
MCK	B	0.34%	0.09%	0.09%
MDLZ	F	0.37%	0.06%	0.06%
MDT	D	0.48%	0.4%	0.4%
MKC	D	0.08%	0.08%	0.08%
MMC	B	0.48%	0.38%	0.38%
MMM	D	0.31%	0.6%	0.31%
MO	A	0.41%	0.28%	0.28%
MS	A	0.94%	0.54%	0.54%
MSA	D	0.03%	0.03%	0.03%
MSI	B	0.35%	0.2%	0.2%
NEE	D	0.68%	0.81%	0.68%
NOC	D	0.31%	0.63%	0.31%
NUE	C	0.15%	0.34%	0.15%
OGE	B	0.04%	0.06%	0.04%
PEG	A	0.19%	0.1%	0.1%
PFE	D	0.61%	0.85%	0.61%
PFG	D	0.09%	0.16%	0.09%
PG	A	1.73%	1.24%	1.24%
PKG	A	0.09%	0.13%	0.09%
PM	B	0.88%	1.31%	0.88%
PNC	B	0.35%	0.7%	0.35%
PPG	F	0.12%	0.57%	0.12%
PRU	A	0.2%	0.17%	0.17%
QCOM	F	0.79%	0.5%	0.5%
REG	B	0.06%	0.07%	0.06%
RGA	A	0.07%	0.03%	0.03%
RJF	A	0.15%	0.03%	0.03%
ROP	B	0.26%	0.01%	0.01%
RSG	A	0.28%	0.66%	0.28%
RTX	C	0.69%	0.7%	0.69%
SEIC	B	0.05%	0.58%	0.05%
SO	D	0.42%	0.12%	0.12%
SON	D	0.02%	0.01%	0.01%
SPGI	C	0.68%	0.63%	0.63%
STLD	B	0.09%	0.33%	0.09%
STT	A	0.12%	0.15%	0.12%
SYK	C	0.64%	0.26%	0.26%
TFC	A	0.27%	0.24%	0.24%
TGT	F	0.31%	0.01%	0.01%
TROW	B	0.11%	0.13%	0.11%
TRV	B	0.26%	0.28%	0.26%
TT	A	0.4%	0.52%	0.4%
TXN	C	0.82%	0.16%	0.16%
UNH	C	2.35%	1.57%	1.57%
UNM	A	0.06%	0.38%	0.06%
UNP	C	0.62%	0.75%	0.62%
UPS	C	0.43%	0.06%	0.06%
VMC	B	0.16%	0.28%	0.16%
VZ	C	0.77%	0.68%	0.68%
WM	A	0.38%	0.25%	0.25%
WMT	A	2.92%	1.76%	1.76%
XEL	A	0.17%	0.25%	0.17%
XOM	B	2.31%	2.51%	2.31%

PFM Overweight 288 Positions Relative to FELV

Symbol	Grade	Weight
MSFT	F	3.91%
V	A	2.25%
ORCL	B	2.21%
COST	B	1.76%
KO	D	1.15%
MRK	F	1.06%
PEP	F	0.94%
INTU	C	0.82%
CB	C	0.5%
SBUX	A	0.49%
PLD	D	0.46%
SHW	A	0.41%
NKE	D	0.39%
APH	A	0.37%
MCO	B	0.37%
ZTS	D	0.35%
USB	A	0.34%
APD	A	0.32%
EMR	A	0.32%
EPD	A	0.29%
AJG	B	0.28%
AFL	B	0.27%
GWW	B	0.25%
MET	A	0.25%
SRE	A	0.25%
PSX	C	0.24%
AMP	A	0.24%
PAYX	C	0.22%
COR	B	0.21%
MPLX	A	0.21%
O	D	0.21%
NDAQ	A	0.2%
FAST	B	0.2%
HPQ	B	0.16%
SYY	B	0.16%
HIG	B	0.15%
EXR	D	0.15%
MCHP	D	0.15%
RMD	C	0.15%
FITB	A	0.14%
ROK	B	0.14%
TSCO	D	0.13%
XYL	D	0.13%
BRO	B	0.13%
WEC	A	0.13%
BR	A	0.12%
CHD	B	0.12%
LYB	F	0.12%
DOV	A	0.12%
AEE	A	0.11%
HSY	F	0.11%
AWK	D	0.11%
WST	C	0.1%
ATO	A	0.1%
WRB	A	0.1%
HUBB	B	0.1%
CDW	F	0.1%
RF	A	0.1%
CSL	C	0.09%
CMS	C	0.09%
STE	F	0.09%
CBOE	B	0.09%
LII	A	0.09%
RPM	A	0.08%
BAH	F	0.08%
ARE	D	0.08%
FDS	B	0.08%
TSN	B	0.08%
WSO	A	0.08%
MAA	B	0.08%
SNA	A	0.08%
JBHT	C	0.08%
ERIE	D	0.08%
ESS	B	0.08%
GGG	B	0.07%
DPZ	C	0.07%
LNT	A	0.07%
AVY	D	0.07%
FIX	A	0.07%
HRL	D	0.07%
WLK	D	0.07%
NI	A	0.07%
FNF	B	0.07%
WSM	B	0.07%
MAS	D	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%
SWK	D	0.06%
POOL	C	0.06%
RNR	C	0.06%
MORN	B	0.06%
NDSN	B	0.06%
UDR	B	0.06%
HEI	B	0.06%
CASY	A	0.06%
WTRG	B	0.05%
CUBE	D	0.05%
ATR	B	0.05%
EVR	B	0.05%
BEN	C	0.05%
RRX	B	0.05%
AFG	A	0.05%
SJM	D	0.05%
LECO	B	0.05%
EMN	D	0.05%
ALB	C	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%
ORI	A	0.04%
MKTX	D	0.04%
LAD	A	0.04%
AIT	A	0.04%
CHDN	B	0.04%
PRI	A	0.04%
PNW	B	0.04%
IPG	D	0.04%
THG	A	0.03%
TRNO	F	0.03%
THO	B	0.03%
FFIN	B	0.03%
UMBF	B	0.03%
SIGI	C	0.03%
LFUS	F	0.03%
IDA	A	0.03%
CBT	C	0.03%
HOMB	A	0.03%
BMI	B	0.03%
STAG	F	0.03%
FAF	A	0.03%
CADE	B	0.03%
AGCO	D	0.03%
R	B	0.03%
OSK	B	0.03%
WBA	F	0.03%
BOKF	B	0.03%
SSD	D	0.03%
ADC	B	0.03%
RHI	B	0.03%
HII	D	0.03%
NNN	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%
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%
CNS	B	0.02%
NXST	C	0.02%
AGO	B	0.02%
UGI	A	0.02%
TKR	D	0.02%
AL	B	0.02%
GATX	A	0.02%
DDS	B	0.02%
OZK	B	0.02%
BC	C	0.02%
SWX	B	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%
AVA	A	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%
NWE	B	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%

PFM Underweight 204 Positions Relative to FELV

Symbol	Grade	Weight
BRK.A	B	-3.64%
WFC	A	-1.22%
GE	D	-1.05%
T	A	-1.02%
GILD	C	-0.92%
SCHW	B	-0.88%
MU	D	-0.86%
INTC	D	-0.85%
DIS	B	-0.8%
PYPL	B	-0.79%
TMO	F	-0.73%
SQ	B	-0.7%
CVNA	B	-0.62%
CI	F	-0.6%
CCI	D	-0.57%
NSC	B	-0.57%
TMUS	B	-0.56%
COP	C	-0.56%
ALLE	D	-0.54%
TXT	D	-0.53%
EOG	A	-0.53%
ZM	B	-0.52%
PSA	D	-0.52%
SSNC	B	-0.5%
DD	D	-0.48%
C	A	-0.48%
LDOS	C	-0.47%
COF	B	-0.47%
CACI	D	-0.46%
WAB	B	-0.45%
DBX	B	-0.42%
AMAT	F	-0.42%
PCG	A	-0.39%
PCAR	B	-0.39%
ADBE	C	-0.37%
IGT	F	-0.36%
L	A	-0.35%
PGR	A	-0.35%
EXEL	B	-0.35%
TPH	D	-0.35%
BRX	A	-0.35%
DVN	F	-0.34%
FTV	C	-0.33%
LPX	B	-0.33%
F	C	-0.33%
ZBRA	B	-0.32%
CVS	D	-0.3%
TWLO	A	-0.3%
BIIB	F	-0.3%
VEEV	C	-0.28%
TOL	B	-0.28%
GEV	B	-0.28%
ANF	C	-0.28%
TJX	A	-0.28%
TDC	D	-0.27%
AME	A	-0.26%
WTW	B	-0.26%
VICI	C	-0.25%
GAP	C	-0.25%
SEE	C	-0.25%
FLS	B	-0.25%
EXC	C	-0.24%
KMI	A	-0.24%
CNC	D	-0.23%
Z	A	-0.22%
DOCU	A	-0.22%
OC	A	-0.22%
CRM	B	-0.22%
DOC	D	-0.22%
INCY	C	-0.22%
SKYW	B	-0.21%
MGM	D	-0.21%
META	D	-0.21%
HPE	B	-0.21%
JCI	C	-0.21%
AXP	A	-0.2%
VMI	B	-0.2%
EQIX	A	-0.2%
PNR	A	-0.19%
NFLX	A	-0.19%
USFD	A	-0.19%
FTI	A	-0.19%
BSX	B	-0.19%
MSCI	C	-0.19%
SPG	B	-0.18%
TMHC	B	-0.18%
ZG	A	-0.18%
NVDA	C	-0.17%
IQV	D	-0.17%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-0.17%
CEG	D	-0.17%
EQR	B	-0.17%
GEHC	F	-0.16%
TAP	C	-0.16%
QGEN	D	-0.16%
MEDP	D	-0.16%
CCK	C	-0.16%
CNP	B	-0.15%
ILMN	D	-0.15%
JXN	C	-0.15%
RCL	A	-0.15%
OXY	D	-0.15%
WDC	D	-0.14%
HAL	C	-0.13%
WDAY	B	-0.13%
SWKS	F	-0.13%
CCL	B	-0.13%
PH	A	-0.12%
SOLV	C	-0.12%
NTAP	C	-0.12%
WMB	A	-0.12%
EEFT	B	-0.12%
HWM	A	-0.12%
KHC	F	-0.12%
UHS	D	-0.12%
BLD	D	-0.11%
QRVO	F	-0.11%
EA	A	-0.11%
ENS	D	-0.11%
ROST	C	-0.11%
BCC	B	-0.11%
GRMN	B	-0.11%
AMH	D	-0.11%
BMRN	D	-0.11%
TPR	B	-0.1%
ADTN	A	-0.1%
BKR	B	-0.1%
CRC	B	-0.1%
MHO	D	-0.1%
FANG	D	-0.09%
TRGP	B	-0.09%
MTDR	B	-0.09%
WBD	C	-0.09%
KD	B	-0.09%
GPN	B	-0.09%
ACT	D	-0.09%
VRTX	F	-0.09%
CRUS	D	-0.09%
AMZN	C	-0.08%
TENB	C	-0.08%
DASH	A	-0.08%
DELL	C	-0.08%
LH	C	-0.08%
BBWI	D	-0.08%
IFF	D	-0.08%
ALRM	C	-0.08%
VST	B	-0.07%
CMG	B	-0.07%
BYD	C	-0.07%
LYFT	C	-0.07%
WCC	B	-0.07%
NWL	B	-0.06%
NWSA	B	-0.06%
EW	C	-0.06%
LEG	F	-0.06%
ARW	D	-0.06%
VSTS	C	-0.06%
NMRK	B	-0.06%
TRMB	B	-0.05%
SAM	C	-0.05%
CTRA	B	-0.05%
FHI	A	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
PLTK	B	-0.05%
GIS	D	-0.05%
NEM	D	-0.05%
AM	A	-0.04%
VLTO	D	-0.04%
VAC	B	-0.04%
CSGP	D	-0.04%
HL	D	-0.04%
CWEN	C	-0.04%
CTRE	D	-0.04%
AXTA	A	-0.03%
SYF	B	-0.03%
TFX	F	-0.03%
UAL	A	-0.03%
EXTR	B	-0.03%
WS	B	-0.03%
ALKS	B	-0.03%
DHI	D	-0.03%
NWS	B	-0.03%
AMD	F	-0.02%
CWEN	C	-0.02%
AYI	B	-0.02%
SWI	B	-0.02%
OKTA	C	-0.02%
OGN	D	-0.02%
BERY	B	-0.02%
ITRI	B	-0.02%
BIO	D	-0.02%
WOOF	D	-0.02%
MWA	B	-0.01%
TNL	A	-0.01%
FTDR	A	-0.01%
MUR	D	-0.01%
PHM	D	-0.01%
CXT	B	-0.01%
BLDR	D	-0.01%
ANSS	B	-0.01%
M	D	-0.01%