QLV vs. PWV ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to PowerShares Dynamic LargeCap Value (PWV)

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

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

$61.51

Average Daily Volume

32,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLV	PWV
30 Days	0.23%	4.38%
60 Days	1.42%	5.52%
90 Days	3.24%	6.26%
12 Months	25.29%	31.14%

14 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in PWV	Overlap
ABBV	D	0.96%	2.73%	0.96%
ABT	B	0.93%	3.27%	0.93%
AMGN	D	0.71%	2.81%	0.71%
BRK.A	B	0.59%	3.25%	0.59%
CB	C	0.71%	1.4%	0.71%
IBM	C	1.82%	3.46%	1.82%
JNJ	D	1.71%	3.0%	1.71%
JPM	A	0.21%	3.5%	0.21%
LMT	D	1.06%	1.31%	1.06%
PG	A	3.25%	3.22%	3.22%
T	A	1.51%	1.59%	1.51%
TXN	C	0.84%	3.0%	0.84%
VZ	C	1.64%	3.26%	1.64%
XOM	B	1.15%	3.27%	1.15%

QLV Overweight 100 Positions Relative to PWV

Symbol	Grade	Weight
MSFT	F	7.68%
NVDA	C	5.54%
AAPL	C	5.17%
AMZN	C	2.41%
LLY	F	2.31%
MRK	F	2.28%
V	A	2.26%
MCD	D	1.93%
PEP	F	1.47%
META	D	1.25%
TMUS	B	1.13%
GILD	C	1.07%
CME	A	0.94%
ADP	B	0.92%
DUK	C	0.9%
QLYS	C	0.88%
GOOGL	C	0.88%
WEC	A	0.86%
ATR	B	0.86%
AIZ	A	0.86%
WTW	B	0.85%
PSA	D	0.84%
RGLD	C	0.83%
TYL	B	0.8%
WDFC	B	0.8%
ED	D	0.79%
K	A	0.77%
DOX	D	0.74%
CHE	D	0.73%
GIS	D	0.72%
CHKP	D	0.72%
LSTR	D	0.71%
SO	D	0.69%
DLR	B	0.68%
TRV	B	0.67%
QGEN	D	0.67%
WM	A	0.67%
DTM	B	0.67%
ZM	B	0.67%
CALM	A	0.65%
XEL	A	0.64%
EQIX	A	0.64%
ALL	A	0.63%
AVY	D	0.63%
PKG	A	0.63%
GOOG	C	0.62%
CINF	A	0.6%
SMMT	D	0.59%
RSG	A	0.59%
CTVA	C	0.59%
NOC	D	0.59%
AEE	A	0.58%
GD	F	0.58%
WCN	A	0.58%
CTRA	B	0.57%
WRB	A	0.55%
AZO	C	0.55%
STNG	F	0.55%
MKL	A	0.54%
AEP	D	0.54%
CMS	C	0.54%
SCI	B	0.54%
JKHY	D	0.53%
ADC	B	0.53%
PNW	B	0.53%
SIGI	C	0.53%
CHRW	C	0.49%
TSCO	D	0.49%
SON	D	0.48%
BAH	F	0.47%
FLO	D	0.47%
TTEK	F	0.46%
REGN	F	0.45%
HSY	F	0.45%
NBIX	C	0.43%
HRL	D	0.4%
VRSK	A	0.39%
NFG	A	0.38%
AVGO	D	0.38%
HII	D	0.36%
BMRN	D	0.35%
MCK	B	0.35%
SLGN	A	0.34%
DDS	B	0.29%
BMI	B	0.27%
CRUS	D	0.26%
EA	A	0.23%
PM	B	0.21%
COR	B	0.2%
LIN	D	0.19%
ALKS	B	0.19%
ADI	D	0.15%
NCNO	B	0.13%
CAG	D	0.13%
ROP	B	0.13%
L	A	0.11%
CWAN	B	0.09%
UNH	C	0.07%
MMC	B	0.05%
EXPD	D	0.03%

QLV Underweight 35 Positions Relative to PWV

Symbol	Grade	Weight
WFC	A	-4.18%
BAC	A	-3.72%
CVX	A	-3.52%
KO	D	-2.82%
KMI	A	-1.79%
MS	A	-1.77%
OKE	A	-1.75%
COF	B	-1.74%
DELL	C	-1.64%
LNG	B	-1.64%
CMI	A	-1.62%
BK	A	-1.59%
JCI	C	-1.59%
ET	A	-1.58%
PNC	B	-1.56%
URI	B	-1.53%
GM	B	-1.53%
MET	A	-1.51%
KR	B	-1.5%
CAT	B	-1.49%
EOG	A	-1.46%
LHX	C	-1.46%
PRU	A	-1.45%
AFL	B	-1.41%
VLO	C	-1.37%
RTX	C	-1.37%
AIG	B	-1.37%
PSX	C	-1.34%
KMB	D	-1.3%
MPC	D	-1.28%
LEN	D	-1.26%
CI	F	-1.25%
DHI	D	-1.19%
CNC	D	-1.03%
ELV	F	-0.99%