PFM vs. SPHD ETF Comparison

Comparison of PowerShares Dividend Achievers (PFM) to PowerShares S&P 500 High Dividend Portfolio (SPHD)

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

$46.14

Average Daily Volume

32,827

Number of Holdings ^*

417

* may have additional holdings in another (foreign) market

SPHD

PowerShares S&P 500 High Dividend Portfolio

SPHD Description

The PowerShares S&P 500® High Dividend Portfolio (the “Fund”) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility High Dividend Index (the “Underlying Index”). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. Standard & Poor’s® compiles, maintains and calculates the Underlying Index, which is composed of 50 securities traded on the S&P 500 Index that historically have provided high dividend yields and low volatility. The Fund and the Index are rebalanced and reconstituted semi-annually, in January and July

Grade (RS Rating)

Last Trade

$49.99

Average Daily Volume

684,709

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFM	SPHD
30 Days	-0.40%	-0.32%
60 Days	3.64%	2.01%
90 Days	8.21%	7.08%
12 Months	26.80%	32.63%

27 Overlapping Holdings

Symbol	Grade	Weight in PFM	Weight in SPHD	Overlap
ABBV	B	1.59%	1.63%	1.59%
BMY	A	0.5%	2.69%	0.5%
CSCO	A	0.97%	1.58%	0.97%
CVX	B	1.2%	1.54%	1.2%
DUK	D	0.39%	1.73%	0.39%
EIX	D	0.14%	1.87%	0.14%
EMN	D	0.05%	1.44%	0.05%
ES	D	0.1%	2.05%	0.1%
EVRG	B	0.06%	2.07%	0.06%
HRL	D	0.07%	1.43%	0.07%
IBM	D	0.84%	1.73%	0.84%
IPG	F	0.05%	1.8%	0.05%
JNJ	D	1.7%	1.36%	1.36%
K	A	0.12%	2.26%	0.12%
LYB	F	0.13%	1.97%	0.13%
MDT	B	0.5%	1.61%	0.5%
MO	A	0.41%	2.84%	0.41%
O	D	0.23%	2.29%	0.23%
PFE	D	0.71%	2.28%	0.71%
PM	A	0.91%	2.45%	0.91%
PNW	D	0.04%	1.94%	0.04%
PRU	C	0.19%	1.8%	0.19%
SJM	D	0.05%	1.53%	0.05%
UPS	C	0.43%	1.99%	0.43%
VZ	D	0.78%	2.7%	0.78%
WEC	B	0.13%	1.91%	0.13%
XOM	B	2.29%	1.34%	1.34%

PFM Overweight 390 Positions Relative to SPHD

Symbol	Grade	Weight
AAPL	C	3.96%
MSFT	D	3.91%
AVGO	B	3.47%
WMT	A	2.91%
JPM	B	2.79%
UNH	D	2.3%
V	A	2.14%
ORCL	B	2.05%
MA	B	2.02%
HD	B	1.73%
COST	C	1.71%
PG	D	1.71%
BAC	B	1.43%
KO	D	1.24%
MRK	F	1.14%
PEP	F	1.01%
LIN	D	0.96%
ACN	C	0.95%
MCD	D	0.92%
ABT	B	0.87%
MS	B	0.83%
TXN	B	0.82%
QCOM	F	0.8%
CAT	B	0.8%
DHR	D	0.78%
AMGN	D	0.76%
INTU	D	0.75%
CMCSA	B	0.74%
NEE	D	0.72%
GS	B	0.72%
RTX	C	0.71%
LOW	B	0.66%
SPGI	D	0.66%
UNP	D	0.62%
SYK	A	0.6%
HON	B	0.59%
ETN	B	0.58%
LMT	D	0.57%
ADP	A	0.52%
CB	D	0.5%
SBUX	B	0.49%
ADI	C	0.49%
MMC	D	0.47%
PLD	F	0.46%
AMT	D	0.44%
SO	C	0.44%
ELV	F	0.42%
MDLZ	F	0.41%
NKE	F	0.41%
KLAC	F	0.4%
SHW	C	0.4%
ICE	C	0.39%
WM	B	0.38%
CTAS	B	0.37%
MCO	D	0.37%
TT	B	0.37%
CME	B	0.36%
ZTS	F	0.36%
APH	A	0.36%
AON	B	0.35%
GD	D	0.35%
CL	D	0.34%
ITW	A	0.34%
NOC	D	0.33%
PNC	B	0.33%
MSI	B	0.33%
USB	B	0.33%
TGT	D	0.31%
ECL	D	0.31%
MMM	D	0.31%
BDX	D	0.3%
APD	B	0.3%
MCK	D	0.29%
CSX	D	0.29%
AJG	D	0.27%
EMR	A	0.27%
EPD	A	0.27%
RSG	C	0.27%
AFL	D	0.26%
BK	A	0.25%
TRV	B	0.25%
ROP	F	0.25%
TFC	C	0.25%
GWW	A	0.24%
MET	C	0.24%
SRE	C	0.23%
AEP	D	0.23%
ALL	D	0.22%
AMP	A	0.22%
PAYX	B	0.22%
PSX	F	0.22%
LHX	B	0.21%
PEG	C	0.2%
FAST	A	0.2%
CMI	A	0.2%
COR	B	0.2%
MPLX	A	0.2%
KMB	D	0.2%
NDAQ	A	0.19%
KR	A	0.18%
GLW	B	0.18%
MCHP	F	0.17%
RMD	B	0.16%
VMC	B	0.16%
XEL	B	0.16%
DFS	B	0.16%
SYY	C	0.16%
A	C	0.16%
NUE	F	0.15%
HPQ	B	0.15%
EXR	D	0.15%
ED	D	0.15%
RJF	B	0.14%
HUM	F	0.14%
HIG	D	0.14%
TSCO	D	0.13%
PPG	F	0.13%
FITB	B	0.13%
XYL	F	0.13%
BRO	A	0.13%
ROK	C	0.13%
HSY	F	0.12%
CAH	C	0.12%
ADM	F	0.12%
AWK	D	0.12%
STT	A	0.12%
CHD	C	0.11%
TROW	B	0.11%
BR	B	0.11%
CDW	F	0.11%
DTE	D	0.11%
DOV	A	0.11%
STE	D	0.1%
RF	B	0.1%
WRB	C	0.1%
CINF	B	0.1%
WST	C	0.1%
CBOE	B	0.1%
HUBB	B	0.1%
AEE	A	0.1%
BAH	A	0.1%
CSL	D	0.09%
PFG	D	0.09%
ARE	D	0.09%
BBY	D	0.09%
MKC	D	0.09%
CLX	C	0.09%
STLD	B	0.09%
PKG	A	0.09%
ERIE	F	0.09%
CMS	C	0.09%
LII	A	0.09%
ATO	B	0.09%
DGX	B	0.08%
FDS	B	0.08%
SNA	A	0.08%
MAS	C	0.08%
MAA	D	0.08%
ESS	D	0.08%
JBHT	B	0.08%
LNT	C	0.07%
RS	C	0.07%
NI	A	0.07%
GPC	F	0.07%
KEY	B	0.07%
IEX	B	0.07%
RPM	B	0.07%
FNF	D	0.07%
AVY	D	0.07%
WSO	C	0.07%
TSN	D	0.07%
EXPD	D	0.07%
WLK	F	0.07%
WSM	D	0.07%
ELS	D	0.06%
REG	B	0.06%
JKHY	A	0.06%
HEI	D	0.06%
GGG	C	0.06%
CE	F	0.06%
POOL	B	0.06%
RNR	B	0.06%
FIX	B	0.06%
UDR	D	0.06%
RGA	D	0.06%
MORN	B	0.06%
NDSN	D	0.06%
SWK	D	0.06%
DPZ	C	0.06%
CASY	A	0.06%
CHDN	C	0.05%
WTRG	B	0.05%
CUBE	D	0.05%
AFG	F	0.05%
MKTX	B	0.05%
BEN	C	0.05%
LECO	C	0.05%
RRX	B	0.05%
ATR	A	0.05%
ALB	C	0.05%
ITT	B	0.05%
AES	F	0.05%
UNM	A	0.05%
SCI	A	0.05%
CHRW	C	0.05%
OGE	A	0.04%
CBSH	B	0.04%
WBA	C	0.04%
EGP	F	0.04%
CFR	B	0.04%
CHE	F	0.04%
TTC	D	0.04%
INGR	A	0.04%
ENSG	B	0.04%
DCI	B	0.04%
AIT	A	0.04%
LAD	A	0.04%
AOS	F	0.04%
ORI	C	0.04%
REXR	F	0.04%
GL	C	0.04%
PRI	B	0.04%
RGLD	B	0.04%
SEIC	A	0.04%
AIZ	C	0.04%
EVR	B	0.04%
BMI	D	0.03%
TRNO	F	0.03%
TKR	D	0.03%
MDU	F	0.03%
CBT	B	0.03%
CADE	B	0.03%
LFUS	D	0.03%
R	A	0.03%
MSA	D	0.03%
AXS	B	0.03%
FAF	D	0.03%
OSK	C	0.03%
STAG	D	0.03%
FR	D	0.03%
BOKF	B	0.03%
PB	A	0.03%
RLI	B	0.03%
RHI	B	0.03%
HII	F	0.03%
SSB	B	0.03%
AGCO	D	0.03%
ADC	C	0.03%
UFPI	D	0.03%
SSD	D	0.03%
ZION	B	0.03%
WTFC	B	0.03%
NNN	D	0.03%
POWI	C	0.02%
PRGO	F	0.02%
SR	D	0.02%
BANF	B	0.02%
ASB	A	0.02%
WDFC	A	0.02%
CNO	B	0.02%
CCOI	B	0.02%
IBOC	B	0.02%
PII	F	0.02%
KAI	A	0.02%
FUL	D	0.02%
BKH	D	0.02%
ASH	F	0.02%
AVNT	D	0.02%
FELE	D	0.02%
NJR	D	0.02%
DDS	C	0.02%
AGO	C	0.02%
FLO	D	0.02%
LANC	B	0.02%
EXPO	D	0.02%
POR	C	0.02%
GATX	B	0.02%
CNS	B	0.02%
AVT	B	0.02%
AL	C	0.02%
OZK	B	0.02%
UGI	F	0.02%
UBSI	B	0.02%
WTS	D	0.02%
SON	F	0.02%
FFIN	C	0.02%
IDA	A	0.02%
SWX	B	0.02%
THG	B	0.02%
MATX	A	0.02%
UMBF	B	0.02%
BCPC	C	0.02%
BC	C	0.02%
HOMB	B	0.02%
SLGN	A	0.02%
SIGI	D	0.02%
NXST	B	0.02%
THO	C	0.02%
NFG	B	0.02%
GABC	B	0.01%
TR	D	0.01%
UVV	C	0.01%
LNN	C	0.01%
WABC	B	0.01%
CSGS	C	0.01%
TCBK	B	0.01%
STBA	D	0.01%
NWN	D	0.01%
SRCE	B	0.01%
HMN	A	0.01%
ANDE	F	0.01%
SCL	D	0.01%
TNC	F	0.01%
LKFN	B	0.01%
DKL	D	0.01%
APOG	B	0.01%
GTY	C	0.01%
AGM	C	0.01%
CHCO	B	0.01%
SJW	D	0.01%
NHC	D	0.01%
SYBT	A	0.01%
WSBC	B	0.01%
WOR	F	0.01%
HI	C	0.01%
LMAT	B	0.01%
NBTB	D	0.01%
MTRN	D	0.01%
FRME	C	0.01%
SXI	B	0.01%
HWKN	D	0.01%
HNI	D	0.01%
TOWN	D	0.01%
INDB	B	0.01%
CPK	D	0.01%
IOSP	D	0.01%
WAFD	D	0.01%
KWR	F	0.01%
ABR	B	0.01%
TRN	B	0.01%
SFNC	B	0.01%
AVA	D	0.01%
NSP	F	0.01%
WSFS	D	0.01%
CWT	D	0.01%
MAN	F	0.01%
AWR	C	0.01%
BRC	D	0.01%
FIBK	B	0.01%
GFF	D	0.01%
JJSF	C	0.01%
MGEE	B	0.01%
CBU	A	0.01%
OTTR	C	0.01%
NWE	D	0.01%
ABM	B	0.01%
AUB	C	0.01%
FLIC	C	0.0%
JOUT	F	0.0%
ARTNA	D	0.0%
HVT	F	0.0%
ODC	B	0.0%
BMRC	B	0.0%
CTO	B	0.0%
AROW	B	0.0%
YORW	D	0.0%
THFF	C	0.0%
PLOW	F	0.0%
HIFS	B	0.0%
UHT	D	0.0%
CASS	B	0.0%
WASH	B	0.0%
GSBC	B	0.0%
SMBC	B	0.0%
MBWM	C	0.0%
HBNC	A	0.0%
MATW	D	0.0%
SPTN	C	0.0%
FCBC	D	0.0%
HFWA	A	0.0%
MNRO	B	0.0%
PFC	B	0.0%
HY	D	0.0%
SCVL	D	0.0%
TMP	B	0.0%
CTBI	A	0.0%
GRC	C	0.0%
SBSI	D	0.0%
AMSF	B	0.0%
MSEX	C	0.0%

PFM Underweight 23 Positions Relative to SPHD

Symbol	Grade	Weight
KMI	A	-2.73%
T	B	-2.7%
CCI	D	-2.65%
VICI	D	-2.52%
D	B	-2.47%
SPG	A	-2.37%
AMCR	D	-2.26%
OKE	A	-2.25%
KVUE	A	-2.24%
WMB	A	-2.16%
GILD	A	-2.15%
KHC	F	-2.04%
ETR	B	-2.02%
DOW	F	-1.98%
CAG	D	-1.96%
EXC	D	-1.88%
VTRS	B	-1.85%
FRT	C	-1.85%
HST	C	-1.81%
FE	D	-1.8%
DRI	B	-1.6%
GIS	D	-1.57%
OMC	B	-1.42%