PFM vs. FNCL ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to Fidelity MSCI Financials Index ETF (FNCL)

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

$47.44

Average Daily Volume

24,913

Number of Holdings ^*

416

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.68

Average Daily Volume

112,716

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

Performance

Period	PFM	FNCL
30 Days	0.87%	7.55%
60 Days	2.40%	11.91%
90 Days	4.69%	14.78%
12 Months	25.85%	47.47%

117 Overlapping Holdings

Symbol	Grade	Weight in PFM	Weight in FNCL	Overlap
ABR	C	0.01%	0.03%	0.01%
AFG	A	0.05%	0.13%	0.05%
AFL	B	0.27%	0.74%	0.27%
AGM	B	0.01%	0.03%	0.01%
AGO	B	0.02%	0.06%	0.02%
AIZ	A	0.05%	0.15%	0.05%
AJG	A	0.28%	0.8%	0.28%
ALL	A	0.23%	0.64%	0.23%
AMP	A	0.24%	0.69%	0.24%
AMSF	B	0.0%	0.01%	0.0%
AON	A	0.36%	0.91%	0.36%
AROW	B	0.0%	0.0%	0.0%
ASB	B	0.02%	0.05%	0.02%
AUB	B	0.02%	0.04%	0.02%
AXS	A	0.03%	0.09%	0.03%
BAC	A	1.56%	4.0%	1.56%
BANF	B	0.02%	0.03%	0.02%
BEN	C	0.05%	0.08%	0.05%
BK	A	0.25%	0.71%	0.25%
BLK	B	0.67%	1.93%	0.67%
BOKF	B	0.03%	0.04%	0.03%
BRO	B	0.13%	0.33%	0.13%
CADE	B	0.03%	0.08%	0.03%
CASS	C	0.0%	0.01%	0.0%
CB	C	0.5%	1.37%	0.5%
CBOE	C	0.09%	0.26%	0.09%
CBSH	B	0.04%	0.11%	0.04%
CBU	B	0.02%	0.04%	0.02%
CFR	B	0.04%	0.1%	0.04%
CHCO	B	0.01%	0.02%	0.01%
CINF	A	0.1%	0.29%	0.1%
CME	B	0.35%	0.99%	0.35%
CNO	B	0.02%	0.06%	0.02%
CNS	B	0.02%	0.03%	0.02%
CTBI	B	0.0%	0.01%	0.0%
DFS	B	0.19%	0.54%	0.19%
ERIE	D	0.08%	0.13%	0.08%
EVR	B	0.05%	0.14%	0.05%
FAF	A	0.03%	0.08%	0.03%
FCBC	C	0.0%	0.01%	0.0%
FDS	B	0.08%	0.23%	0.08%
FFIN	B	0.03%	0.06%	0.03%
FIBK	B	0.01%	0.04%	0.01%
FITB	B	0.14%	0.4%	0.14%
FNF	B	0.07%	0.19%	0.07%
FRME	B	0.01%	0.03%	0.01%
GABC	B	0.01%	0.02%	0.01%
GL	C	0.04%	0.13%	0.04%
GS	A	0.8%	2.35%	0.8%
GSBC	C	0.0%	0.01%	0.0%
HBNC	B	0.0%	0.01%	0.0%
HFWA	C	0.0%	0.01%	0.0%
HIG	B	0.15%	0.43%	0.15%
HMN	B	0.01%	0.02%	0.01%
HOMB	A	0.03%	0.07%	0.03%
IBOC	B	0.02%	0.05%	0.02%
ICE	C	0.39%	1.11%	0.39%
INDB	B	0.01%	0.04%	0.01%
JKHY	D	0.05%	0.16%	0.05%
JPM	A	3.01%	8.6%	3.01%
KEY	B	0.08%	0.23%	0.08%
LKFN	C	0.01%	0.02%	0.01%
MA	B	2.06%	5.35%	2.06%
MBWM	B	0.0%	0.01%	0.0%
MCO	B	0.37%	0.98%	0.37%
MET	A	0.25%	0.63%	0.25%
MKTX	D	0.04%	0.12%	0.04%
MMC	B	0.48%	1.35%	0.48%
MORN	B	0.06%	0.12%	0.06%
MS	A	0.94%	2.0%	0.94%
NBTB	B	0.01%	0.03%	0.01%
NDAQ	A	0.2%	0.42%	0.2%
ORI	A	0.04%	0.12%	0.04%
OZK	B	0.02%	0.06%	0.02%
PB	B	0.03%	0.1%	0.03%
PFC	B	0.0%	0.01%	0.0%
PFG	D	0.09%	0.25%	0.09%
PNC	B	0.35%	1.03%	0.35%
PRI	B	0.04%	0.13%	0.04%
PRU	A	0.2%	0.56%	0.2%
RF	A	0.1%	0.3%	0.1%
RGA	A	0.07%	0.19%	0.07%
RJF	A	0.15%	0.39%	0.15%
RLI	A	0.03%	0.09%	0.03%
RNR	C	0.06%	0.17%	0.06%
SBSI	C	0.0%	0.01%	0.0%
SEIC	B	0.05%	0.11%	0.05%
SFNC	C	0.01%	0.04%	0.01%
SIGI	C	0.03%	0.07%	0.03%
SMBC	B	0.0%	0.01%	0.0%
SPGI	C	0.68%	2.02%	0.68%
SRCE	B	0.01%	0.02%	0.01%
SSB	B	0.03%	0.1%	0.03%
STBA	B	0.01%	0.02%	0.01%
STT	B	0.12%	0.35%	0.12%
SYBT	B	0.01%	0.03%	0.01%
TCBK	C	0.01%	0.02%	0.01%
TFC	A	0.27%	0.77%	0.27%
THFF	B	0.0%	0.01%	0.0%
THG	A	0.03%	0.07%	0.03%
TMP	B	0.0%	0.01%	0.0%
TOWN	B	0.01%	0.03%	0.01%
TROW	B	0.11%	0.33%	0.11%
TRV	B	0.26%	0.73%	0.26%
UBSI	B	0.02%	0.07%	0.02%
UMBF	B	0.03%	0.07%	0.03%
UNM	A	0.06%	0.16%	0.06%
USB	A	0.34%	0.98%	0.34%
V	A	2.25%	6.01%	2.25%
WABC	B	0.01%	0.02%	0.01%
WAFD	B	0.01%	0.04%	0.01%
WASH	C	0.0%	0.01%	0.0%
WRB	A	0.1%	0.23%	0.1%
WSBC	B	0.01%	0.03%	0.01%
WSFS	B	0.02%	0.04%	0.02%
WTFC	A	0.04%	0.11%	0.04%
ZION	B	0.04%	0.11%	0.04%

PFM Overweight 299 Positions Relative to FNCL

Symbol	Grade	Weight
MSFT	D	3.91%
AAPL	C	3.9%
AVGO	D	3.32%
WMT	A	2.92%
UNH	B	2.35%
XOM	B	2.31%
ORCL	A	2.21%
COST	A	1.76%
HD	B	1.76%
PG	C	1.73%
JNJ	C	1.61%
ABBV	F	1.27%
CVX	A	1.27%
KO	D	1.15%
MRK	D	1.06%
CSCO	B	1.0%
ACN	B	0.95%
PEP	F	0.94%
LIN	C	0.93%
MCD	D	0.9%
ABT	B	0.88%
PM	B	0.88%
IBM	C	0.83%
TXN	C	0.82%
INTU	B	0.82%
CAT	B	0.81%
QCOM	F	0.79%
VZ	C	0.77%
DHR	F	0.72%
CMCSA	B	0.72%
RTX	D	0.69%
NEE	C	0.68%
LOW	C	0.66%
AMGN	F	0.65%
SYK	B	0.64%
HON	C	0.64%
ETN	A	0.62%
UNP	C	0.62%
PFE	F	0.61%
LMT	D	0.55%
ADP	A	0.53%
BMY	B	0.5%
SBUX	A	0.49%
MDT	D	0.48%
PLD	F	0.46%
ADI	D	0.45%
UPS	C	0.43%
SO	C	0.42%
SHW	B	0.41%
MO	A	0.41%
TT	A	0.4%
ELV	F	0.4%
AMT	C	0.4%
NKE	F	0.39%
CTAS	B	0.38%
DUK	C	0.38%
WM	B	0.38%
APH	A	0.37%
MDLZ	F	0.37%
KLAC	F	0.36%
ZTS	D	0.35%
ITW	B	0.35%
MSI	B	0.35%
GD	D	0.34%
MCK	A	0.34%
CL	D	0.33%
APD	A	0.32%
EMR	B	0.32%
NOC	D	0.31%
MMM	D	0.31%
TGT	F	0.31%
ECL	D	0.3%
CSX	C	0.29%
EPD	A	0.29%
BDX	F	0.28%
RSG	A	0.28%
ROP	B	0.26%
GWW	B	0.25%
SRE	A	0.25%
PSX	C	0.24%
PAYX	B	0.22%
AEP	C	0.22%
COR	B	0.21%
MPLX	A	0.21%
O	C	0.21%
CMI	A	0.21%
KMB	C	0.2%
LHX	C	0.2%
FAST	B	0.2%
PEG	A	0.19%
KR	B	0.18%
XEL	A	0.17%
GLW	B	0.17%
HPQ	B	0.16%
A	D	0.16%
VMC	B	0.16%
SYY	D	0.16%
EXR	C	0.15%
MCHP	F	0.15%
RMD	C	0.15%
NUE	C	0.15%
ROK	C	0.14%
EIX	B	0.14%
HUM	C	0.14%
ED	C	0.14%
CAH	B	0.13%
TSCO	D	0.13%
XYL	D	0.13%
WEC	A	0.13%
BR	A	0.12%
CHD	A	0.12%
LYB	F	0.12%
DOV	A	0.12%
PPG	F	0.12%
AEE	A	0.11%
DTE	C	0.11%
HSY	F	0.11%
ADM	D	0.11%
AWK	C	0.11%
ES	C	0.1%
WST	C	0.1%
ATO	A	0.1%
HUBB	B	0.1%
CDW	F	0.1%
CSL	C	0.09%
CMS	C	0.09%
CLX	A	0.09%
PKG	A	0.09%
STE	D	0.09%
STLD	B	0.09%
LII	A	0.09%
RPM	A	0.08%
DGX	A	0.08%
BAH	F	0.08%
ARE	F	0.08%
TSN	B	0.08%
WSO	A	0.08%
MAA	B	0.08%
MKC	C	0.08%
SNA	A	0.08%
JBHT	C	0.08%
BBY	D	0.08%
ESS	B	0.08%
GGG	B	0.07%
DPZ	C	0.07%
LNT	A	0.07%
AVY	F	0.07%
FIX	A	0.07%
HRL	D	0.07%
WLK	D	0.07%
NI	A	0.07%
WSM	C	0.07%
MAS	D	0.07%
RS	B	0.07%
EXPD	C	0.07%
IEX	C	0.07%
GPC	D	0.07%
CHRW	B	0.06%
ELS	C	0.06%
SWK	D	0.06%
REG	A	0.06%
POOL	C	0.06%
NDSN	B	0.06%
UDR	B	0.06%
EVRG	A	0.06%
HEI	A	0.06%
CASY	A	0.06%
WTRG	B	0.05%
CUBE	C	0.05%
ATR	B	0.05%
RRX	B	0.05%
SJM	D	0.05%
LECO	C	0.05%
EMN	C	0.05%
ALB	B	0.05%
ITT	A	0.05%
SCI	B	0.05%
ENSG	C	0.04%
EGP	D	0.04%
CHE	D	0.04%
TTC	C	0.04%
OGE	A	0.04%
AOS	F	0.04%
INGR	C	0.04%
DCI	B	0.04%
REXR	F	0.04%
RGLD	C	0.04%
AES	F	0.04%
LAD	A	0.04%
AIT	B	0.04%
CHDN	B	0.04%
PNW	A	0.04%
IPG	D	0.04%
TRNO	F	0.03%
THO	B	0.03%
LFUS	D	0.03%
IDA	A	0.03%
CBT	D	0.03%
BMI	B	0.03%
STAG	D	0.03%
MSA	F	0.03%
FR	D	0.03%
AGCO	D	0.03%
R	B	0.03%
OSK	C	0.03%
WBA	F	0.03%
SSD	F	0.03%
ADC	A	0.03%
RHI	C	0.03%
HII	F	0.03%
NNN	C	0.03%
UFPI	C	0.03%
PRGO	C	0.02%
SR	A	0.02%
PII	F	0.02%
MGEE	B	0.02%
GFF	A	0.02%
MDU	D	0.02%
CCOI	B	0.02%
WDFC	B	0.02%
ASH	F	0.02%
FUL	F	0.02%
BKH	A	0.02%
AVNT	B	0.02%
FLO	D	0.02%
POR	C	0.02%
KAI	B	0.02%
NJR	A	0.02%
AVT	C	0.02%
EXPO	D	0.02%
FELE	B	0.02%
LANC	C	0.02%
SON	F	0.02%
NXST	C	0.02%
UGI	C	0.02%
TKR	D	0.02%
MATX	C	0.02%
AL	B	0.02%
GATX	A	0.02%
DDS	B	0.02%
BC	C	0.02%
SWX	B	0.02%
BCPC	B	0.02%
WTS	B	0.02%
NFG	A	0.02%
SLGN	A	0.02%
MSEX	C	0.01%
TR	B	0.01%
UVV	B	0.01%
LNN	B	0.01%
NWN	A	0.01%
CSGS	B	0.01%
ANDE	D	0.01%
TNC	D	0.01%
DKL	C	0.01%
SCL	C	0.01%
GTY	A	0.01%
SJW	F	0.01%
APOG	C	0.01%
NHC	C	0.01%
WOR	F	0.01%
HI	C	0.01%
LMAT	A	0.01%
MTRN	C	0.01%
SXI	B	0.01%
HNI	B	0.01%
HWKN	B	0.01%
NSP	F	0.01%
CPK	A	0.01%
CWT	C	0.01%
IOSP	C	0.01%
MAN	F	0.01%
AVA	A	0.01%
TRN	B	0.01%
KWR	C	0.01%
AWR	B	0.01%
BRC	D	0.01%
JJSF	C	0.01%
OTTR	C	0.01%
NWE	B	0.01%
POWI	F	0.01%
ABM	B	0.01%
JOUT	F	0.0%
FLIC	B	0.0%
ARTNA	F	0.0%
HVT	D	0.0%
ODC	B	0.0%
BMRC	B	0.0%
CTO	B	0.0%
YORW	F	0.0%
UHT	D	0.0%
PLOW	D	0.0%
HIFS	C	0.0%
SPTN	D	0.0%
MATW	C	0.0%
HY	D	0.0%
MNRO	D	0.0%
SCVL	F	0.0%
GRC	A	0.0%

PFM Underweight 263 Positions Relative to FNCL

Symbol	Grade	Weight
BRK.A	B	-7.67%
WFC	A	-3.14%
AXP	A	-2.05%
PGR	A	-1.87%
C	A	-1.61%
BX	A	-1.6%
FI	A	-1.53%
SCHW	B	-1.5%
KKR	A	-1.16%
PYPL	B	-1.05%
COF	C	-0.87%
APO	B	-0.81%
COIN	C	-0.66%
AIG	B	-0.63%
FIS	C	-0.61%
MSCI	C	-0.59%
SQ	A	-0.58%
ACGL	C	-0.46%
MTB	A	-0.44%
WTW	B	-0.4%
ARES	A	-0.39%
GPN	B	-0.37%
HBAN	A	-0.32%
SYF	B	-0.32%
CPAY	A	-0.31%
LPLA	A	-0.29%
MKL	A	-0.28%
CFG	B	-0.27%
NTRS	A	-0.27%
FCNCA	A	-0.27%
IBKR	A	-0.22%
HOOD	B	-0.21%
L	A	-0.2%
EG	C	-0.2%
EQH	C	-0.19%
EWBC	A	-0.18%
TOST	B	-0.18%
TW	A	-0.18%
SOFI	B	-0.17%
AFRM	A	-0.16%
CG	B	-0.15%
SF	B	-0.15%
JEF	A	-0.15%
FHN	A	-0.14%
WBS	A	-0.13%
KNSL	B	-0.13%
OWL	A	-0.13%
PNFP	B	-0.12%
HLI	A	-0.12%
WAL	B	-0.12%
ALLY	C	-0.12%
SNV	C	-0.11%
CMA	B	-0.11%
VOYA	B	-0.1%
JXN	C	-0.09%
OMF	A	-0.09%
ONB	C	-0.09%
RYAN	A	-0.09%
BPOP	C	-0.09%
HLNE	B	-0.09%
WEX	D	-0.09%
JHG	B	-0.08%
FNB	A	-0.08%
GBCI	B	-0.08%
COOP	B	-0.08%
COLB	B	-0.08%
MTG	C	-0.08%
AGNC	C	-0.08%
RDN	D	-0.07%
FOUR	A	-0.07%
LNC	C	-0.07%
STWD	C	-0.07%
IVZ	B	-0.07%
ESNT	F	-0.07%
AMG	B	-0.07%
PIPR	A	-0.07%
VLY	B	-0.06%
ABCB	B	-0.06%
KMPR	A	-0.06%
EEFT	B	-0.06%
MC	C	-0.06%
SFBS	C	-0.06%
SLM	A	-0.06%
WTM	A	-0.06%
UPST	B	-0.06%
TPG	A	-0.06%
HWC	B	-0.06%
WD	D	-0.05%
BGC	C	-0.05%
PJT	A	-0.05%
FHB	B	-0.05%
STEP	C	-0.05%
TCBI	C	-0.05%
ESGR	B	-0.05%
AX	B	-0.05%
PFSI	C	-0.05%
VCTR	B	-0.04%
HTLF	B	-0.04%
GSHD	A	-0.04%
BKU	A	-0.04%
CACC	D	-0.04%
BXMT	C	-0.04%
BOH	B	-0.04%
NMIH	C	-0.04%
VIRT	A	-0.04%
CVBF	A	-0.04%
HASI	D	-0.04%
PRK	B	-0.04%
GNW	A	-0.04%
APAM	B	-0.04%
FHI	B	-0.04%
FBP	C	-0.04%
EBC	B	-0.04%
CATY	B	-0.04%
FULT	A	-0.04%
UCB	A	-0.04%
BHF	C	-0.04%
NATL	B	-0.03%
FBK	C	-0.03%
PRG	C	-0.03%
FRHC	B	-0.03%
TRMK	C	-0.03%
BANC	B	-0.03%
EVTC	B	-0.03%
DBRG	F	-0.03%
MCY	A	-0.03%
TFIN	B	-0.03%
RNST	B	-0.03%
EFSC	B	-0.03%
SBCF	B	-0.03%
IBTX	B	-0.03%
TBBK	B	-0.03%
FLYW	B	-0.03%
BANR	B	-0.03%
PPBI	C	-0.03%
OSCR	D	-0.03%
WU	F	-0.03%
PFS	B	-0.03%
PLMR	A	-0.03%
FFBC	B	-0.03%
PAYO	A	-0.03%
ENVA	B	-0.03%
SNEX	B	-0.03%
PMT	C	-0.02%
OCFC	B	-0.02%
EIG	B	-0.02%
PEBO	B	-0.02%
ARI	C	-0.02%
BHLB	B	-0.02%
RC	D	-0.02%
ACT	C	-0.02%
WT	A	-0.02%
NAVI	F	-0.02%
NBHC	C	-0.02%
NNI	D	-0.02%
NIC	B	-0.02%
HTH	C	-0.02%
VBTX	B	-0.02%
CODI	B	-0.02%
LOB	C	-0.02%
LADR	B	-0.02%
SPNT	B	-0.02%
MQ	D	-0.02%
QCRH	B	-0.02%
HOPE	C	-0.02%
CUBI	B	-0.02%
BUSE	B	-0.02%
LMND	B	-0.02%
RKT	F	-0.02%
LC	A	-0.02%
SKWD	A	-0.02%
DFIN	D	-0.02%
NWBI	B	-0.02%
SASR	B	-0.02%
TRUP	B	-0.02%
VRTS	B	-0.02%
FCF	B	-0.02%
FBNC	B	-0.02%
STC	B	-0.02%
CASH	B	-0.02%
OFG	B	-0.02%
CLBK	C	-0.01%
HONE	C	-0.01%
KRNY	C	-0.01%
CCBG	B	-0.01%
GDOT	D	-0.01%
PX	A	-0.01%
TRTX	C	-0.01%
UFCS	A	-0.01%
HAFC	B	-0.01%
TREE	F	-0.01%
UWMC	D	-0.01%
NFBK	C	-0.01%
NRDS	C	-0.01%
BHB	C	-0.01%
SPFI	C	-0.01%
AMBC	C	-0.01%
TIPT	C	-0.01%
PGC	B	-0.01%
KREF	C	-0.01%
FMNB	B	-0.01%
TRST	B	-0.01%
MCB	B	-0.01%
EZPW	B	-0.01%
LPRO	B	-0.01%
FSBC	C	-0.01%
CTLP	B	-0.01%
MSBI	B	-0.01%
PAY	A	-0.01%
UVE	B	-0.01%
IIIV	C	-0.01%
CAC	C	-0.01%
RBCAA	B	-0.01%
EQBK	B	-0.01%
BFH	C	-0.01%
RPAY	D	-0.01%
TFSL	A	-0.01%
IMXI	B	-0.01%
CPF	B	-0.01%
BFST	C	-0.01%
MCBS	B	-0.01%
AMTB	B	-0.01%
FG	A	-0.01%
CFFN	C	-0.01%
HTBK	B	-0.01%
CMTG	F	-0.01%
PRA	C	-0.01%
PFBC	B	-0.01%
AMAL	B	-0.01%
OSBC	A	-0.01%
EGBN	B	-0.01%
FMBH	B	-0.01%
CCB	A	-0.01%
CFB	B	-0.01%
PRAA	D	-0.01%
BFC	B	-0.01%
BHRB	B	-0.01%
BRSP	C	-0.01%
MBIN	F	-0.01%
BSIG	A	-0.01%
DX	B	-0.01%
RWT	D	-0.01%
BY	B	-0.01%
OBK	C	-0.01%
ECPG	C	-0.01%
CNOB	B	-0.01%
EFC	C	-0.01%
CNNE	B	-0.01%
HCI	C	-0.01%
IBCP	B	-0.01%
BRKL	B	-0.01%
FBMS	B	-0.01%
UVSP	B	-0.01%
FBRT	D	-0.01%
DCOM	B	-0.01%
SAFT	B	-0.01%
RILY	F	-0.0%
GCBC	C	-0.0%
DGICA	A	-0.0%
DHIL	B	-0.0%
HGTY	B	-0.0%
HBT	B	-0.0%
WRLD	C	-0.0%