PFM vs. RECS ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to Columbia Research Enhanced Core ETF (RECS)

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

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.65

Average Daily Volume

393,572

Number of Holdings ^*

361

* may have additional holdings in another (foreign) market

Performance

Period	PFM	RECS
30 Days	2.19%	3.51%
60 Days	2.87%	5.75%
90 Days	5.56%	7.12%
12 Months	26.89%	35.12%

105 Overlapping Holdings

Symbol	Grade	Weight in PFM	Weight in RECS	Overlap
AAPL	C	3.9%	8.2%	3.9%
ABBV	D	1.27%	0.55%	0.55%
ADM	D	0.11%	0.13%	0.11%
ADP	B	0.53%	0.52%	0.52%
AEE	A	0.11%	0.18%	0.11%
AES	F	0.04%	0.07%	0.04%
AIZ	A	0.05%	0.06%	0.05%
ALL	A	0.23%	0.27%	0.23%
AMGN	D	0.65%	0.29%	0.29%
AMT	D	0.4%	0.48%	0.4%
AOS	F	0.04%	0.04%	0.04%
ARE	D	0.08%	0.09%	0.08%
ASH	D	0.02%	0.03%	0.02%
AXS	A	0.03%	0.04%	0.03%
BAC	A	1.56%	1.67%	1.56%
BDX	F	0.28%	0.41%	0.28%
BEN	C	0.05%	0.03%	0.03%
BK	A	0.25%	0.3%	0.25%
BLK	C	0.67%	0.79%	0.67%
BMY	B	0.5%	0.73%	0.5%
BR	A	0.12%	0.11%	0.11%
CAH	B	0.13%	0.19%	0.13%
CAT	B	0.81%	0.81%	0.81%
CBOE	B	0.09%	0.11%	0.09%
CL	D	0.33%	0.37%	0.33%
CME	A	0.35%	0.44%	0.35%
CMI	A	0.21%	0.21%	0.21%
COR	B	0.21%	0.25%	0.21%
CSCO	B	1.0%	0.56%	0.56%
CSL	C	0.09%	0.09%	0.09%
CSX	B	0.29%	0.29%	0.29%
CTAS	B	0.38%	0.32%	0.32%
CVX	A	1.27%	0.8%	0.8%
DCI	B	0.04%	0.04%	0.04%
DDS	B	0.02%	0.0%	0.0%
DTE	C	0.11%	0.19%	0.11%
EIX	B	0.14%	0.24%	0.14%
EVRG	A	0.06%	0.11%	0.06%
EXPD	D	0.07%	0.07%	0.07%
FITB	A	0.14%	0.17%	0.14%
FIX	A	0.07%	0.07%	0.07%
GL	B	0.04%	0.05%	0.04%
HPQ	B	0.16%	0.09%	0.09%
INGR	B	0.04%	0.05%	0.04%
INTU	C	0.82%	0.43%	0.43%
ITT	A	0.05%	0.05%	0.05%
JNJ	D	1.61%	2.34%	1.61%
JPM	A	3.01%	3.69%	3.01%
KMB	D	0.2%	0.23%	0.2%
KR	B	0.18%	0.19%	0.18%
LECO	B	0.05%	0.05%	0.05%
LMT	D	0.55%	0.49%	0.49%
LYB	F	0.12%	0.16%	0.12%
MAN	D	0.01%	0.01%	0.01%
MAS	D	0.07%	0.07%	0.07%
MCK	B	0.34%	0.51%	0.34%
MDT	D	0.48%	0.68%	0.48%
MET	A	0.25%	0.25%	0.25%
MMC	B	0.48%	0.58%	0.48%
MMM	D	0.31%	0.3%	0.3%
MO	A	0.41%	0.47%	0.41%
MSA	D	0.03%	0.02%	0.02%
MSFT	F	3.91%	7.47%	3.91%
MSI	B	0.35%	0.2%	0.2%
NI	A	0.07%	0.12%	0.07%
NNN	D	0.03%	0.04%	0.03%
NUE	C	0.15%	0.27%	0.15%
OZK	B	0.02%	0.03%	0.02%
PAYX	C	0.22%	0.19%	0.19%
PG	A	1.73%	1.98%	1.73%
PKG	A	0.09%	0.17%	0.09%
PM	B	0.88%	1.01%	0.88%
PPG	F	0.12%	0.22%	0.12%
PRGO	B	0.02%	0.02%	0.02%
PRU	A	0.2%	0.24%	0.2%
PSX	C	0.24%	0.16%	0.16%
QCOM	F	0.79%	0.42%	0.42%
R	B	0.03%	0.03%	0.03%
RGA	A	0.07%	0.08%	0.07%
RHI	B	0.03%	0.03%	0.03%
RJF	A	0.15%	0.16%	0.15%
RPM	A	0.08%	0.13%	0.08%
RS	B	0.07%	0.14%	0.07%
SEIC	B	0.05%	0.04%	0.04%
SNA	A	0.08%	0.08%	0.08%
SON	D	0.02%	0.04%	0.02%
STAG	F	0.03%	0.03%	0.03%
STLD	B	0.09%	0.16%	0.09%
STT	A	0.12%	0.15%	0.12%
SWK	D	0.06%	0.06%	0.06%
TGT	F	0.31%	0.27%	0.27%
THO	B	0.03%	0.02%	0.02%
TROW	B	0.11%	0.14%	0.11%
TT	A	0.4%	0.41%	0.4%
UGI	A	0.02%	0.04%	0.02%
UNM	A	0.06%	0.07%	0.06%
UNP	C	0.62%	0.61%	0.61%
UPS	C	0.43%	0.41%	0.41%
WLK	D	0.07%	0.03%	0.03%
WM	A	0.38%	0.37%	0.37%
WSM	B	0.07%	0.08%	0.07%
WTFC	A	0.04%	0.04%	0.04%
XEL	A	0.17%	0.29%	0.17%
XOM	B	2.31%	1.56%	1.56%
ZION	B	0.04%	0.05%	0.04%

PFM Overweight 311 Positions Relative to RECS

Symbol	Grade	Weight
AVGO	D	3.32%
WMT	A	2.92%
UNH	C	2.35%
V	A	2.25%
ORCL	B	2.21%
MA	C	2.06%
COST	B	1.76%
HD	A	1.76%
KO	D	1.15%
MRK	F	1.06%
ACN	C	0.95%
MS	A	0.94%
PEP	F	0.94%
LIN	D	0.93%
MCD	D	0.9%
ABT	B	0.88%
IBM	C	0.83%
TXN	C	0.82%
GS	A	0.8%
VZ	C	0.77%
DHR	F	0.72%
CMCSA	B	0.72%
RTX	C	0.69%
NEE	D	0.68%
SPGI	C	0.68%
LOW	D	0.66%
SYK	C	0.64%
HON	B	0.64%
ETN	A	0.62%
PFE	D	0.61%
CB	C	0.5%
SBUX	A	0.49%
PLD	D	0.46%
ADI	D	0.45%
SO	D	0.42%
SHW	A	0.41%
ELV	F	0.4%
NKE	D	0.39%
ICE	C	0.39%
DUK	C	0.38%
APH	A	0.37%
MDLZ	F	0.37%
MCO	B	0.37%
AON	A	0.36%
KLAC	D	0.36%
ZTS	D	0.35%
ITW	B	0.35%
PNC	B	0.35%
GD	F	0.34%
USB	A	0.34%
APD	A	0.32%
EMR	A	0.32%
NOC	D	0.31%
ECL	D	0.3%
EPD	A	0.29%
AJG	B	0.28%
RSG	A	0.28%
TFC	A	0.27%
AFL	B	0.27%
ROP	B	0.26%
TRV	B	0.26%
GWW	B	0.25%
SRE	A	0.25%
AMP	A	0.24%
AEP	D	0.22%
MPLX	A	0.21%
O	D	0.21%
LHX	C	0.2%
NDAQ	A	0.2%
FAST	B	0.2%
DFS	B	0.19%
PEG	A	0.19%
GLW	B	0.17%
A	D	0.16%
VMC	B	0.16%
SYY	B	0.16%
HIG	B	0.15%
EXR	D	0.15%
MCHP	D	0.15%
RMD	C	0.15%
ROK	B	0.14%
HUM	C	0.14%
ED	D	0.14%
TSCO	D	0.13%
XYL	D	0.13%
BRO	B	0.13%
WEC	A	0.13%
CHD	B	0.12%
DOV	A	0.12%
HSY	F	0.11%
AWK	D	0.11%
ES	D	0.1%
WST	C	0.1%
ATO	A	0.1%
WRB	A	0.1%
CINF	A	0.1%
HUBB	B	0.1%
CDW	F	0.1%
RF	A	0.1%
PFG	D	0.09%
CMS	C	0.09%
CLX	B	0.09%
STE	F	0.09%
LII	A	0.09%
KEY	B	0.08%
DGX	A	0.08%
BAH	F	0.08%
FDS	B	0.08%
TSN	B	0.08%
WSO	A	0.08%
MAA	B	0.08%
MKC	D	0.08%
JBHT	C	0.08%
ERIE	D	0.08%
BBY	D	0.08%
ESS	B	0.08%
GGG	B	0.07%
DPZ	C	0.07%
LNT	A	0.07%
AVY	D	0.07%
HRL	D	0.07%
FNF	B	0.07%
IEX	B	0.07%
GPC	D	0.07%
CHRW	C	0.06%
ELS	C	0.06%
REG	B	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%
RRX	B	0.05%
AFG	A	0.05%
SJM	D	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%
OGE	B	0.04%
CFR	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%
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%
FAF	A	0.03%
CADE	B	0.03%
FR	C	0.03%
AGCO	D	0.03%
OSK	B	0.03%
WBA	F	0.03%
BOKF	B	0.03%
SSD	D	0.03%
ADC	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%
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%
BANF	B	0.02%
ASB	B	0.02%
FUL	F	0.02%
CNO	A	0.02%
BKH	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%
CNS	B	0.02%
NXST	C	0.02%
AGO	B	0.02%
TKR	D	0.02%
MATX	C	0.02%
AL	B	0.02%
GATX	A	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%
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 256 Positions Relative to RECS

Symbol	Grade	Weight
NVDA	C	-8.6%
AMZN	C	-4.7%
META	D	-2.88%
GOOGL	C	-2.33%
GOOG	C	-1.97%
WFC	A	-1.38%
TMO	F	-1.23%
CRM	B	-0.74%
C	A	-0.7%
FI	A	-0.66%
BKNG	A	-0.6%
UBER	D	-0.6%
CI	F	-0.57%
ADBE	C	-0.52%
NOW	A	-0.5%
TJX	A	-0.48%
DIS	B	-0.48%
EQIX	A	-0.45%
PYPL	B	-0.45%
VST	B	-0.4%
HCA	F	-0.4%
PH	A	-0.38%
T	A	-0.37%
PCG	A	-0.34%
PLTR	B	-0.33%
SPG	B	-0.31%
EXC	C	-0.29%
PANW	C	-0.28%
FDX	B	-0.28%
PCAR	B	-0.25%
ANET	C	-0.25%
ETR	B	-0.24%
LRCX	F	-0.23%
EOG	A	-0.23%
HLT	A	-0.22%
APP	B	-0.21%
VRTX	F	-0.21%
VRT	B	-0.21%
CRWD	B	-0.2%
CNC	D	-0.2%
RCL	A	-0.19%
GILD	C	-0.19%
DAL	C	-0.18%
WTW	B	-0.17%
DHI	D	-0.17%
OTIS	C	-0.17%
GIS	D	-0.17%
SPOT	B	-0.16%
CSGP	D	-0.16%
ROST	C	-0.16%
MPC	D	-0.16%
REGN	F	-0.15%
WAB	B	-0.15%
FCNCA	A	-0.15%
MTD	D	-0.15%
GPN	B	-0.15%
UAL	A	-0.14%
SYF	B	-0.14%
LEN	D	-0.14%
ZBH	C	-0.14%
FTNT	C	-0.14%
TTD	B	-0.13%
CF	B	-0.13%
VLO	C	-0.13%
LULU	C	-0.13%
KHC	F	-0.13%
SBAC	D	-0.12%
EME	C	-0.11%
INVH	D	-0.11%
FTV	C	-0.11%
HOLX	D	-0.11%
WY	D	-0.11%
DDOG	A	-0.1%
DECK	A	-0.1%
VTRS	A	-0.1%
OXY	D	-0.1%
EA	A	-0.1%
FANG	D	-0.1%
K	A	-0.1%
BAX	D	-0.1%
EG	C	-0.09%
CCL	B	-0.09%
CVNA	B	-0.09%
TEAM	A	-0.09%
DELL	C	-0.09%
THC	D	-0.09%
PHM	D	-0.09%
LDOS	C	-0.09%
BLDR	D	-0.09%
EWBC	A	-0.08%
L	A	-0.08%
EXPE	B	-0.08%
EQH	B	-0.08%
NVR	D	-0.08%
AVTR	F	-0.08%
SSNC	B	-0.07%
GLPI	C	-0.07%
JEF	A	-0.07%
HPE	B	-0.07%
OC	A	-0.07%
EXP	A	-0.07%
FHN	A	-0.06%
CTRA	B	-0.06%
BG	F	-0.06%
BURL	A	-0.06%
CE	F	-0.06%
NTAP	C	-0.06%
QGEN	D	-0.06%
LVS	C	-0.06%
SF	B	-0.06%
MOS	F	-0.06%
JLL	D	-0.06%
SOLV	C	-0.06%
HST	C	-0.06%
CAG	D	-0.06%
ACM	A	-0.06%
MPWR	F	-0.06%
WPC	D	-0.06%
RPRX	D	-0.06%
AMH	D	-0.06%
MRO	B	-0.05%
BRX	A	-0.05%
MEDP	D	-0.05%
BRBR	A	-0.05%
ZM	B	-0.05%
TAP	C	-0.05%
TOL	B	-0.05%
LPX	B	-0.05%
CW	B	-0.05%
ALNY	D	-0.05%
FTI	A	-0.04%
APG	B	-0.04%
NTRA	B	-0.04%
ARMK	B	-0.04%
CNM	D	-0.04%
OLN	D	-0.04%
MANH	D	-0.04%
GEN	B	-0.04%
DOCU	A	-0.04%
VRSN	F	-0.04%
PSTG	D	-0.04%
ACI	C	-0.04%
BLD	D	-0.04%
WCC	B	-0.04%
DKS	C	-0.04%
BIIB	F	-0.04%
NTNX	A	-0.04%
PINS	D	-0.04%
CLF	F	-0.04%
AYI	B	-0.04%
CRBG	B	-0.04%
ALSN	B	-0.04%
ELAN	D	-0.04%
TPR	B	-0.04%
GNRC	B	-0.04%
ZS	C	-0.04%
TXRH	C	-0.04%
JAZZ	B	-0.04%
CACI	D	-0.04%
NWSA	B	-0.03%
MHK	D	-0.03%
SAIC	F	-0.03%
HRB	D	-0.03%
SLM	A	-0.03%
DTM	B	-0.03%
RL	B	-0.03%
SKX	D	-0.03%
AMG	B	-0.03%
JNPR	F	-0.03%
ESAB	B	-0.03%
LNW	D	-0.03%
JHG	A	-0.03%
MGM	D	-0.03%
LNC	B	-0.03%
MIDD	C	-0.03%
SWKS	F	-0.03%
KEX	C	-0.03%
UTHR	C	-0.03%
WYNN	D	-0.03%
FFIV	B	-0.03%
COKE	C	-0.03%
COLB	A	-0.03%
MTG	C	-0.03%
G	B	-0.03%
FLS	B	-0.03%
XP	F	-0.03%
QRVO	F	-0.02%
DBX	B	-0.02%
AZTA	D	-0.02%
PK	B	-0.02%
CIVI	D	-0.02%
VIRT	B	-0.02%
MSM	C	-0.02%
GTLB	B	-0.02%
CWEN	C	-0.02%
EPR	D	-0.02%
LSCC	D	-0.02%
HIW	D	-0.02%
EXAS	D	-0.02%
MTCH	D	-0.02%
WFRD	D	-0.02%
SMAR	A	-0.02%
EXEL	B	-0.02%
NYT	C	-0.02%
GTES	A	-0.02%
WU	D	-0.02%
DINO	D	-0.02%
LEA	D	-0.02%
PVH	C	-0.02%
ROKU	D	-0.02%
BILL	A	-0.02%
INCY	C	-0.02%
CROX	D	-0.02%
BMRN	D	-0.02%
MRNA	F	-0.02%
H	B	-0.02%
CIEN	B	-0.02%
SNX	C	-0.02%
KRC	C	-0.02%
EEFT	B	-0.02%
RYN	D	-0.02%
OGN	D	-0.02%
XRAY	F	-0.02%
NBIX	C	-0.02%
SMG	D	-0.02%
WH	B	-0.02%
FOXA	B	-0.02%
NEU	C	-0.02%
CNA	B	-0.01%
APLS	D	-0.01%
CRI	D	-0.01%
ALGM	D	-0.01%
CWEN	C	-0.01%
RARE	D	-0.01%
AMKR	D	-0.01%
REYN	D	-0.01%
ADTN	A	-0.01%
NWS	B	-0.01%
ROIV	C	-0.01%
COLM	B	-0.01%
IONS	F	-0.01%
PEGA	A	-0.01%
SAM	C	-0.01%
VKTX	F	-0.01%
PPC	C	-0.01%
TNL	A	-0.01%
CRUS	D	-0.01%
PATH	C	-0.01%
FOX	A	-0.01%
SRPT	D	-0.01%
M	D	-0.01%
PINC	B	-0.01%
GAP	C	-0.01%
PLTK	B	-0.0%
SEB	F	-0.0%
LEN	D	-0.0%