PWV vs. QDF ETF Comparison

Comparison of PowerShares Dynamic LargeCap Value (PWV) to FlexShares Quality Dividend Index Fund (QDF)

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

$61.68

Average Daily Volume

32,374

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$73.22

Average Daily Volume

26,189

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	PWV	QDF
30 Days	5.45%	2.59%
60 Days	6.55%	2.59%
90 Days	6.53%	4.61%
12 Months	31.21%	27.53%

16 Overlapping Holdings

Symbol	Grade	Weight in PWV	Weight in QDF	Overlap
ABBV	D	2.73%	2.58%	2.58%
AFL	B	1.41%	0.62%	0.62%
BAC	A	3.72%	0.02%	0.02%
BK	A	1.59%	0.68%	0.68%
CAT	B	1.49%	0.75%	0.75%
JNJ	D	3.0%	3.01%	3.0%
JPM	B	3.5%	0.75%	0.75%
KO	D	2.82%	2.16%	2.16%
LMT	D	1.31%	0.62%	0.62%
MET	A	1.51%	0.56%	0.56%
MPC	F	1.28%	0.54%	0.54%
MS	B	1.77%	0.98%	0.98%
PG	A	3.22%	3.03%	3.03%
PRU	A	1.45%	0.61%	0.61%
VLO	C	1.37%	0.55%	0.55%
XOM	C	3.27%	0.5%	0.5%

PWV Overweight 33 Positions Relative to QDF

Symbol	Grade	Weight
WFC	A	4.18%
CVX	B	3.52%
IBM	C	3.46%
ABT	B	3.27%
VZ	B	3.26%
BRK.A	B	3.25%
TXN	D	3.0%
AMGN	D	2.81%
KMI	B	1.79%
OKE	C	1.75%
COF	B	1.74%
DELL	C	1.64%
LNG	B	1.64%
CMI	A	1.62%
T	A	1.59%
JCI	C	1.59%
ET	B	1.58%
PNC	A	1.56%
URI	B	1.53%
GM	B	1.53%
KR	A	1.5%
EOG	C	1.46%
LHX	C	1.46%
CB	D	1.4%
RTX	D	1.37%
AIG	B	1.37%
PSX	C	1.34%
KMB	C	1.3%
LEN	C	1.26%
CI	D	1.25%
DHI	D	1.19%
CNC	F	1.03%
ELV	F	0.99%

PWV Underweight 111 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	B	-8.54%
NVDA	C	-5.81%
MSFT	D	-4.91%
META	D	-3.1%
ACN	B	-1.93%
GOOGL	C	-1.84%
HD	A	-1.77%
INTU	C	-1.74%
QCOM	F	-1.68%
GOOG	C	-1.63%
PM	B	-1.41%
LOW	C	-1.27%
UNP	C	-1.24%
ADP	B	-1.11%
GILD	B	-1.0%
MO	A	-0.89%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
NKE	F	-0.83%
SBUX	B	-0.76%
KLAC	F	-0.76%
ZTS	D	-0.74%
ITW	A	-0.74%
FAST	B	-0.68%
MMM	D	-0.65%
PAYX	B	-0.63%
FIS	D	-0.62%
PEG	A	-0.61%
VIRT	B	-0.6%
KTB	A	-0.6%
JHG	A	-0.6%
PSA	C	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	C	-0.58%
EA	C	-0.58%
CMA	A	-0.58%
GEN	A	-0.58%
TPR	A	-0.57%
SNA	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
CHRW	C	-0.55%
EQR	B	-0.55%
MAA	B	-0.55%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	D	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	A	-0.51%
SMG	C	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	C	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
FAF	B	-0.47%
DVN	F	-0.46%
MRK	F	-0.45%
IPG	C	-0.45%
MCHP	F	-0.45%
WU	D	-0.45%
POOL	C	-0.44%
WSM	B	-0.43%
TT	B	-0.43%
CFR	B	-0.42%
NUE	D	-0.42%
EVRG	A	-0.42%
WY	D	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
V	A	-0.4%
CTAS	B	-0.39%
LNC	B	-0.39%
PFG	C	-0.39%
RHI	C	-0.38%
ALLY	C	-0.37%
CUBE	D	-0.37%
SCCO	F	-0.36%
WMS	F	-0.36%
APLE	B	-0.35%
EIX	A	-0.34%
IRDM	C	-0.31%
NEP	F	-0.3%
BR	A	-0.3%
MA	B	-0.26%
OLN	F	-0.25%
COST	B	-0.24%
NNN	D	-0.23%
NTAP	C	-0.22%
WING	F	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	A	-0.16%
CL	D	-0.15%
COR	C	-0.14%
WMT	B	-0.13%
BSY	D	-0.13%
EXP	B	-0.08%
WFRD	F	-0.07%
CSWI	A	-0.07%
BKNG	B	-0.07%
MAR	A	-0.05%
COP	D	-0.04%
STNG	F	-0.02%
BBWI	C	-0.01%