QARP vs. PFM ETF Comparison

Comparison of Xtrackers Russell 1000 US QARP ETF (QARP) to PowerShares Dividend Achievers (PFM)

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

3,299

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

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

Performance

Period	QARP	PFM
30 Days	3.81%	2.19%
60 Days	3.83%	2.87%
90 Days	5.70%	5.56%
12 Months	26.96%	26.89%

120 Overlapping Holdings

Symbol	Grade	Weight in QARP	Weight in PFM	Overlap
A	D	0.09%	0.16%	0.09%
AAPL	C	4.93%	3.9%	3.9%
ABBV	D	0.02%	1.27%	0.02%
ABT	B	0.22%	0.88%	0.22%
ACN	C	1.17%	0.95%	0.95%
ADI	D	0.08%	0.45%	0.08%
ADM	D	0.27%	0.11%	0.11%
ADP	B	0.21%	0.53%	0.21%
AGCO	D	0.06%	0.03%	0.03%
ALB	C	0.02%	0.05%	0.02%
AMGN	D	0.03%	0.65%	0.03%
AON	A	0.34%	0.36%	0.34%
AOS	F	0.06%	0.04%	0.04%
ATO	A	0.08%	0.1%	0.08%
BBY	D	0.22%	0.08%	0.08%
BMY	B	0.62%	0.5%	0.5%
CAH	B	0.4%	0.13%	0.13%
CASY	A	0.13%	0.06%	0.06%
CAT	B	0.66%	0.81%	0.66%
CBOE	B	0.08%	0.09%	0.08%
CDW	F	0.02%	0.1%	0.02%
CHE	D	0.04%	0.04%	0.04%
CHRW	C	0.06%	0.06%	0.06%
CINF	A	0.09%	0.1%	0.09%
CL	D	0.22%	0.33%	0.22%
CLX	B	0.07%	0.09%	0.07%
CMCSA	B	0.86%	0.72%	0.72%
CMI	A	0.26%	0.21%	0.21%
COR	B	0.4%	0.21%	0.21%
COST	B	2.35%	1.76%	1.76%
CSCO	B	1.97%	1.0%	1.0%
CSL	C	0.05%	0.09%	0.05%
CSX	B	0.06%	0.29%	0.06%
CTAS	B	0.08%	0.38%	0.08%
CVX	A	1.54%	1.27%	1.27%
DCI	B	0.04%	0.04%	0.04%
DGX	A	0.03%	0.08%	0.03%
DPZ	C	0.03%	0.07%	0.03%
ELV	F	0.46%	0.4%	0.4%
EVR	B	0.11%	0.05%	0.05%
EXPD	D	0.13%	0.07%	0.07%
FAST	B	0.22%	0.2%	0.2%
FDS	B	0.1%	0.08%	0.08%
FIX	A	0.05%	0.07%	0.05%
GGG	B	0.07%	0.07%	0.07%
GPC	D	0.07%	0.07%	0.07%
GWW	B	0.28%	0.25%	0.25%
HD	A	1.98%	1.76%	1.76%
HII	D	0.02%	0.03%	0.02%
HPQ	B	0.08%	0.16%	0.08%
HSY	F	0.08%	0.11%	0.08%
HUM	C	0.32%	0.14%	0.14%
INGR	B	0.04%	0.04%	0.04%
ITT	A	0.05%	0.05%	0.05%
ITW	B	0.31%	0.35%	0.31%
JBHT	C	0.05%	0.08%	0.05%
JKHY	D	0.05%	0.05%	0.05%
JNJ	D	2.35%	1.61%	1.61%
KLAC	D	0.16%	0.36%	0.16%
KMB	D	0.16%	0.2%	0.16%
KR	B	0.29%	0.18%	0.18%
LECO	B	0.04%	0.05%	0.04%
LMT	D	0.71%	0.55%	0.55%
LOW	D	0.77%	0.66%	0.66%
LYB	F	0.09%	0.12%	0.09%
MA	C	1.57%	2.06%	1.57%
MAS	D	0.07%	0.07%	0.07%
MCD	D	0.38%	0.9%	0.38%
MCHP	D	0.04%	0.15%	0.04%
MCK	B	1.18%	0.34%	0.34%
MCO	B	0.33%	0.37%	0.33%
MKTX	D	0.05%	0.04%	0.04%
MMC	B	0.56%	0.48%	0.48%
MMM	D	0.11%	0.31%	0.11%
MO	A	0.64%	0.41%	0.41%
MRK	F	0.32%	1.06%	0.32%
MSFT	F	2.01%	3.91%	2.01%
NKE	D	0.31%	0.39%	0.31%
NUE	C	0.37%	0.15%	0.15%
ORCL	B	0.05%	2.21%	0.05%
OSK	B	0.04%	0.03%	0.03%
PAYX	C	0.19%	0.22%	0.19%
PFE	D	0.47%	0.61%	0.47%
PG	A	1.38%	1.73%	1.38%
PII	D	0.02%	0.02%	0.02%
PKG	A	0.06%	0.09%	0.06%
PM	B	0.56%	0.88%	0.56%
POOL	C	0.06%	0.06%	0.06%
PSX	C	0.12%	0.24%	0.12%
QCOM	F	0.25%	0.79%	0.25%
RHI	B	0.07%	0.03%	0.03%
RLI	B	0.03%	0.03%	0.03%
RNR	C	0.06%	0.06%	0.06%
ROK	B	0.09%	0.14%	0.09%
RS	B	0.17%	0.07%	0.07%
SBUX	A	0.51%	0.49%	0.49%
SEIC	B	0.07%	0.05%	0.05%
SJM	D	0.03%	0.05%	0.03%
SNA	A	0.12%	0.08%	0.08%
SPGI	C	0.07%	0.68%	0.07%
SSD	D	0.02%	0.03%	0.02%
STLD	B	0.25%	0.09%	0.09%
SYY	B	0.33%	0.16%	0.16%
TGT	F	0.32%	0.31%	0.31%
THO	B	0.03%	0.03%	0.03%
TROW	B	0.25%	0.11%	0.11%
TSCO	D	0.15%	0.13%	0.13%
TSN	B	0.04%	0.08%	0.04%
TT	A	0.08%	0.4%	0.08%
TXN	C	0.36%	0.82%	0.36%
UNH	C	2.36%	2.35%	2.35%
UNP	C	0.12%	0.62%	0.12%
UPS	C	0.4%	0.43%	0.4%
V	A	1.84%	2.25%	1.84%
VZ	C	0.67%	0.77%	0.67%
WMT	A	3.0%	2.92%	2.92%
WSM	B	0.21%	0.07%	0.07%
WSO	A	0.08%	0.08%	0.08%
WST	C	0.08%	0.1%	0.08%
XOM	B	3.2%	2.31%	2.31%

QARP Overweight 225 Positions Relative to PFM

Symbol	Grade	Weight
BRK.A	B	5.26%
META	D	5.09%
AMZN	C	3.85%
GOOGL	C	2.38%
GOOG	C	2.15%
ADBE	C	0.87%
TSLA	B	0.83%
TJX	A	0.82%
BKNG	A	0.81%
COP	C	0.78%
T	A	0.72%
AMAT	F	0.71%
CI	F	0.55%
EOG	A	0.51%
LRCX	F	0.42%
LEN	D	0.4%
ORLY	B	0.37%
MU	D	0.35%
PYPL	B	0.34%
FDX	B	0.33%
AZO	C	0.33%
GILD	C	0.32%
DHI	D	0.31%
PSA	D	0.31%
CTSH	B	0.29%
MPC	D	0.26%
HCA	F	0.26%
REGN	F	0.25%
DE	A	0.25%
ROST	C	0.25%
CNC	D	0.24%
GM	B	0.24%
PCAR	B	0.23%
VST	B	0.23%
NVR	D	0.23%
ACGL	D	0.23%
ABNB	C	0.23%
FTNT	C	0.22%
MSCI	C	0.22%
DAL	C	0.22%
URI	B	0.22%
GEV	B	0.21%
PHM	D	0.21%
KVUE	A	0.21%
EA	A	0.21%
LPLA	A	0.2%
VRTX	F	0.2%
SPG	B	0.2%
FANG	D	0.19%
CVS	D	0.19%
NVDA	C	0.18%
ISRG	A	0.18%
VLO	C	0.18%
ODFL	B	0.18%
EXPE	B	0.17%
LULU	C	0.17%
EME	C	0.16%
BLDR	D	0.16%
DVN	F	0.16%
COF	B	0.16%
FCNCA	A	0.15%
GRMN	B	0.15%
SYF	B	0.14%
ULTA	F	0.14%
GEHC	F	0.14%
SLB	C	0.14%
MNST	C	0.14%
DRI	B	0.13%
DECK	A	0.13%
ANET	C	0.13%
OC	A	0.13%
CF	B	0.13%
CHTR	C	0.13%
CTRA	B	0.12%
TPR	B	0.12%
MAR	B	0.12%
KEYS	A	0.12%
CMG	B	0.11%
BJ	A	0.11%
UAL	A	0.11%
MTG	C	0.11%
MRO	B	0.11%
CPNG	D	0.1%
UTHR	C	0.1%
BKR	B	0.1%
SOLV	C	0.1%
LUV	C	0.1%
GIS	D	0.09%
EBAY	D	0.09%
MTD	D	0.09%
LYV	A	0.09%
DKS	C	0.09%
AMG	B	0.09%
CBRE	B	0.09%
VICI	C	0.08%
LNG	B	0.08%
FICO	B	0.08%
SWKS	F	0.08%
HRB	D	0.08%
WY	D	0.08%
INTC	D	0.08%
PFGC	B	0.08%
DOX	D	0.07%
DOW	F	0.07%
NTAP	C	0.07%
DLTR	F	0.07%
CPRT	A	0.07%
LH	C	0.07%
AMD	F	0.07%
TOL	B	0.07%
AYI	B	0.07%
ACI	C	0.06%
EXP	A	0.06%
PGR	A	0.06%
EG	C	0.06%
TXRH	C	0.06%
TXT	D	0.06%
SKX	D	0.06%
MOH	F	0.06%
OXY	D	0.06%
K	A	0.06%
EW	C	0.06%
PWR	A	0.06%
FFIV	B	0.06%
JBL	B	0.06%
VRSN	F	0.06%
INCY	C	0.06%
COIN	C	0.06%
BWA	D	0.06%
BX	A	0.06%
HAL	C	0.06%
ADSK	A	0.06%
ALK	C	0.05%
LVS	C	0.05%
BLD	D	0.05%
MRNA	F	0.05%
IP	B	0.05%
APTV	D	0.05%
LSTR	D	0.05%
CCL	B	0.05%
UHS	D	0.05%
ALGN	D	0.05%
SAIA	B	0.05%
CLF	F	0.05%
MGM	D	0.05%
RL	B	0.05%
YUM	B	0.05%
MUSA	A	0.05%
NYT	C	0.04%
X	C	0.04%
AAL	B	0.04%
ACM	A	0.04%
ROL	B	0.04%
FCX	D	0.04%
USFD	A	0.04%
KNSL	B	0.04%
LPX	B	0.04%
ARMK	B	0.04%
WYNN	D	0.04%
ALSN	B	0.04%
LEA	D	0.04%
CNP	B	0.04%
PAYC	B	0.04%
GNTX	C	0.04%
COKE	C	0.04%
EPAM	C	0.04%
CNM	D	0.04%
MOS	F	0.04%
BURL	A	0.04%
FND	C	0.04%
CHRD	D	0.04%
DBX	B	0.04%
ON	D	0.04%
WBD	C	0.04%
HOLX	D	0.04%
HLI	B	0.04%
OTIS	C	0.04%
OLN	D	0.03%
WAT	B	0.03%
PINC	B	0.03%
MTZ	B	0.03%
FCN	D	0.03%
G	B	0.03%
MSM	C	0.03%
WTW	B	0.03%
PVH	C	0.03%
GLPI	C	0.03%
KNX	B	0.03%
VVV	F	0.03%
TER	D	0.03%
RPRX	D	0.03%
GAP	C	0.03%
LOPE	B	0.03%
OVV	B	0.03%
JHG	A	0.03%
FOXA	B	0.03%
MEDP	D	0.03%
LLY	F	0.03%
HST	C	0.03%
LAMR	D	0.03%
JNPR	F	0.03%
TAP	C	0.03%
J	F	0.03%
EXEL	B	0.03%
AMCR	D	0.03%
BIIB	F	0.02%
BBWI	D	0.02%
DINO	D	0.02%
NEU	C	0.02%
FIVE	F	0.02%
CDNS	B	0.02%
CE	F	0.02%
CPB	D	0.02%
AR	B	0.02%
TTEK	F	0.02%
APA	D	0.02%
M	D	0.02%
LKQ	D	0.02%
DD	D	0.02%
MHK	D	0.02%
CTVA	C	0.02%
EL	F	0.02%
CROX	D	0.02%
CRUS	D	0.02%
IWB	A	0.0%

QARP Underweight 296 Positions Relative to PFM

Symbol	Grade	Weight
AVGO	D	-3.32%
JPM	A	-3.01%
BAC	A	-1.56%
KO	D	-1.15%
MS	A	-0.94%
PEP	F	-0.94%
LIN	D	-0.93%
IBM	C	-0.83%
INTU	C	-0.82%
GS	A	-0.8%
DHR	F	-0.72%
RTX	C	-0.69%
NEE	D	-0.68%
BLK	C	-0.67%
SYK	C	-0.64%
HON	B	-0.64%
ETN	A	-0.62%
CB	C	-0.5%
MDT	D	-0.48%
PLD	D	-0.46%
SO	D	-0.42%
SHW	A	-0.41%
AMT	D	-0.4%
ICE	C	-0.39%
DUK	C	-0.38%
WM	A	-0.38%
APH	A	-0.37%
MDLZ	F	-0.37%
ZTS	D	-0.35%
MSI	B	-0.35%
CME	A	-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%
BDX	F	-0.28%
RSG	A	-0.28%
TFC	A	-0.27%
AFL	B	-0.27%
ROP	B	-0.26%
TRV	B	-0.26%
BK	A	-0.25%
MET	A	-0.25%
SRE	A	-0.25%
AMP	A	-0.24%
ALL	A	-0.23%
AEP	D	-0.22%
MPLX	A	-0.21%
O	D	-0.21%
PRU	A	-0.2%
LHX	C	-0.2%
NDAQ	A	-0.2%
DFS	B	-0.19%
PEG	A	-0.19%
XEL	A	-0.17%
GLW	B	-0.17%
VMC	B	-0.16%
RJF	A	-0.15%
HIG	B	-0.15%
EXR	D	-0.15%
RMD	C	-0.15%
FITB	A	-0.14%
EIX	B	-0.14%
ED	D	-0.14%
XYL	D	-0.13%
BRO	B	-0.13%
WEC	A	-0.13%
BR	A	-0.12%
CHD	B	-0.12%
DOV	A	-0.12%
PPG	F	-0.12%
STT	A	-0.12%
AEE	A	-0.11%
DTE	C	-0.11%
AWK	D	-0.11%
ES	D	-0.1%
WRB	A	-0.1%
HUBB	B	-0.1%
RF	A	-0.1%
PFG	D	-0.09%
CMS	C	-0.09%
STE	F	-0.09%
LII	A	-0.09%
RPM	A	-0.08%
KEY	B	-0.08%
BAH	F	-0.08%
ARE	D	-0.08%
MAA	B	-0.08%
MKC	D	-0.08%
ERIE	D	-0.08%
ESS	B	-0.08%
RGA	A	-0.07%
LNT	A	-0.07%
AVY	D	-0.07%
HRL	D	-0.07%
WLK	D	-0.07%
NI	A	-0.07%
FNF	B	-0.07%
IEX	B	-0.07%
ELS	C	-0.06%
SWK	D	-0.06%
UNM	A	-0.06%
REG	B	-0.06%
MORN	B	-0.06%
NDSN	B	-0.06%
UDR	B	-0.06%
EVRG	A	-0.06%
HEI	B	-0.06%
WTRG	B	-0.05%
CUBE	D	-0.05%
ATR	B	-0.05%
BEN	C	-0.05%
RRX	B	-0.05%
AIZ	A	-0.05%
AFG	A	-0.05%
EMN	D	-0.05%
SCI	B	-0.05%
ENSG	D	-0.04%
EGP	F	-0.04%
TTC	D	-0.04%
OGE	B	-0.04%
ZION	B	-0.04%
WTFC	A	-0.04%
CFR	B	-0.04%
REXR	F	-0.04%
CBSH	A	-0.04%
RGLD	C	-0.04%
AES	F	-0.04%
ORI	A	-0.04%
GL	B	-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%
STAG	F	-0.03%
MSA	D	-0.03%
FAF	A	-0.03%
CADE	B	-0.03%
FR	C	-0.03%
R	B	-0.03%
AXS	A	-0.03%
WBA	F	-0.03%
BOKF	B	-0.03%
ADC	B	-0.03%
NNN	D	-0.03%
PB	A	-0.03%
SSB	B	-0.03%
UFPI	B	-0.03%
WSFS	A	-0.02%
CBU	B	-0.02%
PRGO	B	-0.02%
SR	A	-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%
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%
SON	D	-0.02%
CNS	B	-0.02%
NXST	C	-0.02%
AGO	B	-0.02%
UGI	A	-0.02%
TKR	D	-0.02%
MATX	C	-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%