VFMV vs. PSCU ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to PowerShares S&P SmallCap Utilities Portfolio (PSCU)

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$109.27

Average Daily Volume

5,696

Number of Holdings ^*

156

* may have additional holdings in another (foreign) market

PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description

The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Utilities & Telecom Services 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 measure the overall performance of common stocks of US utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$51.16

Average Daily Volume

1,326

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	PSCU
30 Days	-0.99%	0.98%
60 Days	-0.36%	0.23%
90 Days	2.66%	-0.85%
12 Months	15.27%	-3.20%

10 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in PSCU	Overlap
ATNI	F	0.07%	0.39%	0.07%
CARS	D	0.03%	1.87%	0.03%
CPK	B	0.46%	4.35%	0.46%
MCS	F	1.48%	0.53%	0.53%
MGEE	A	0.99%	5.15%	0.99%
MSGS	B	0.26%	5.43%	0.26%
NWN	B	0.07%	2.56%	0.07%
QNST	A	0.07%	1.75%	0.07%
SHEN	F	0.23%	1.19%	0.23%
YELP	C	0.86%	4.57%	0.86%

VFMV Overweight 146 Positions Relative to PSCU

Symbol	Grade	Weight
CBOE	D	1.56%
IBM	D	1.56%
ROP	F	1.55%
CVLT	A	1.54%
TJX	C	1.53%
MRK	B	1.53%
ABBV	D	1.52%
IDT	A	1.52%
CME	D	1.52%
RSG	C	1.52%
EA	D	1.51%
JNJ	F	1.51%
TMUS	A	1.5%
LRN	A	1.5%
MCK	C	1.5%
MCD	F	1.49%
FCN	B	1.48%
KEX	A	1.45%
NOC	B	1.45%
LMT	B	1.43%
AAPL	C	1.42%
ORLY	D	1.42%
NTAP	C	1.41%
CHD	B	1.33%
VZ	D	1.29%
TXN	A	1.29%
PG	A	1.29%
IDCC	C	1.24%
DOX	F	1.23%
GILD	F	1.21%
WMT	C	1.16%
EQC	D	1.15%
DLB	D	1.11%
SAFT	C	1.09%
GIS	B	1.08%
BLKB	B	1.07%
CHE	F	1.07%
WM	C	1.05%
LLY	D	1.04%
AVGO	D	1.01%
INST	F	1.01%
AMGN	A	1.0%
XOM	B	0.98%
MUSA	D	0.97%
WTM	A	0.97%
OSIS	C	0.97%
HSTM	B	0.94%
CL	A	0.92%
CSCO	F	0.91%
THFF	B	0.91%
BMY	F	0.91%
CAH	F	0.82%
NSIT	A	0.79%
UNH	C	0.79%
GPOR	C	0.79%
CVX	B	0.78%
LAUR	A	0.76%
GOOGL	A	0.73%
MSFT	C	0.7%
CRUS	C	0.64%
DUK	A	0.6%
CASS	D	0.59%
AMSF	F	0.59%
WMB	B	0.57%
ED	A	0.55%
NEU	D	0.55%
HURN	F	0.52%
LOPE	C	0.52%
NABL	D	0.51%
FLO	B	0.51%
ESGR	B	0.5%
HSY	C	0.49%
PBH	D	0.49%
WEC	B	0.44%
TRV	C	0.43%
CHCO	B	0.43%
K	B	0.41%
CLBK	F	0.41%
WSBF	B	0.4%
KMB	A	0.4%
MO	A	0.4%
PSN	D	0.39%
AZO	D	0.39%
AJG	C	0.39%
REGN	B	0.38%
MDLZ	D	0.36%
VECO	B	0.36%
LDOS	A	0.36%
NVEC	F	0.35%
HRL	B	0.33%
JBSS	F	0.3%
NHC	D	0.28%
ACN	F	0.28%
ADI	A	0.28%
SPOK	F	0.28%
EXEL	D	0.27%
OSG	B	0.27%
ROL	B	0.27%
UVV	B	0.27%
HPE	D	0.27%
META	D	0.26%
JJSF	F	0.26%
PGR	B	0.26%
EBF	D	0.26%
AGYS	C	0.26%
RLI	D	0.25%
NWE	B	0.24%
IMMR	D	0.22%
KMI	A	0.22%
DGICA	F	0.19%
GSBC	B	0.18%
ODC	B	0.16%
SPNS	B	0.16%
OLLI	C	0.14%
MLR	A	0.13%
HMN	A	0.12%
SR	B	0.12%
IRDM	C	0.12%
BRK.A	D	0.12%
KO	A	0.11%
GHC	B	0.1%
HTLD	F	0.09%
CNXN	D	0.09%
DJCO	C	0.09%
INCY	D	0.09%
VRTX	D	0.07%
ATGE	A	0.07%
PSX	D	0.07%
NBIX	A	0.07%
GOOG	A	0.07%
MACK	B	0.07%
GD	A	0.06%
REYN	D	0.06%
LANC	D	0.06%
PEP	B	0.06%
GLRE	A	0.05%
ICE	D	0.05%
EIG	D	0.04%
DTE	A	0.04%
NTCT	F	0.04%
TRUE	D	0.04%
BLFY	D	0.04%
MSI	A	0.03%
CMS	A	0.03%
TBPH	C	0.03%
AGX	B	0.02%

VFMV Underweight 24 Positions Relative to PSCU

Symbol	Grade	Weight
OTTR	B	-6.44%
CWT	B	-5.16%
TRIP	D	-5.09%
AVA	B	-5.05%
AWR	C	-4.77%
CCOI	F	-4.73%
SATS	B	-3.67%
CARG	C	-3.52%
CNK	D	-3.34%
CWEN	B	-3.3%
CABO	F	-3.23%
SJW	D	-2.89%
TDS	D	-2.86%
LUMN	F	-2.33%
SSTK	F	-1.79%
SCHL	D	-1.69%
MSEX	D	-1.67%
UTL	B	-1.51%
THRY	C	-1.34%
TTGT	D	-1.33%
CWEN	B	-1.29%
GOGO	C	-1.01%
AMCX	D	-0.63%
CNSL	C	-0.58%