XMLV vs. FOVL ETF Comparison

Comparison of PowerShares S&P MidCap Low Volatility Portfolio (XMLV) to iShares Focused Value Factor ETF (FOVL)

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$64.83

Average Daily Volume

30,461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.88

Average Daily Volume

2,260

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XMLV	FOVL
30 Days	5.64%	7.28%
60 Days	6.68%	10.70%
90 Days	9.27%	14.43%
12 Months	30.39%	47.41%

5 Overlapping Holdings

Symbol	Grade	Weight in XMLV	Weight in FOVL	Overlap
AVT	C	1.08%	2.32%	1.08%
JHG	A	1.39%	2.75%	1.39%
MTG	C	1.13%	2.28%	1.13%
OGE	B	1.34%	2.5%	1.34%
VOYA	B	1.52%	2.38%	1.52%

XMLV Overweight 74 Positions Relative to FOVL

Symbol	Grade	Weight
DTM	B	1.87%
SEIC	B	1.8%
ATR	B	1.8%
CW	B	1.78%
IBKR	A	1.61%
SF	B	1.6%
FHI	A	1.55%
INGR	B	1.49%
IDA	A	1.47%
UNM	A	1.46%
HLI	B	1.45%
THG	A	1.45%
ORI	A	1.44%
PNM	F	1.44%
EHC	B	1.44%
RGA	A	1.43%
DCI	B	1.41%
JEF	A	1.41%
G	B	1.4%
RLI	B	1.4%
CACI	D	1.39%
FLS	B	1.39%
AM	A	1.35%
PRI	A	1.33%
AFG	A	1.32%
RPM	A	1.32%
GGG	B	1.32%
USFD	A	1.31%
ADC	B	1.29%
ACM	A	1.28%
NJR	A	1.28%
AMG	B	1.28%
TXRH	C	1.25%
GLPI	C	1.23%
SON	D	1.22%
PPC	C	1.22%
NWE	B	1.22%
GNTX	C	1.22%
OHI	C	1.21%
SR	A	1.21%
ELS	C	1.2%
GEF	A	1.2%
AMH	D	1.19%
POST	C	1.19%
EPR	D	1.18%
CHE	D	1.17%
BRX	A	1.17%
GATX	A	1.16%
NFG	A	1.16%
SLGN	A	1.16%
ALE	A	1.15%
OGS	A	1.14%
LSTR	D	1.13%
BKH	A	1.13%
SBRA	C	1.13%
SNX	C	1.11%
FLO	D	1.11%
POR	C	1.1%
EGP	F	1.09%
ESNT	D	1.09%
NNN	D	1.09%
CDP	C	1.08%
FR	C	1.07%
MUSA	A	1.07%
MSA	D	1.07%
NEU	C	1.04%
STAG	F	1.04%
NYT	C	1.03%
DLB	B	1.01%
KBR	F	0.99%
WTRG	B	0.98%
MMS	F	0.97%
MAN	D	0.92%
CHRD	D	0.87%

XMLV Underweight 35 Positions Relative to FOVL

Symbol	Grade	Weight
FHN	A	-3.04%
DFS	B	-2.92%
MTB	A	-2.85%
NTRS	A	-2.83%
FNB	A	-2.79%
FHB	A	-2.76%
BAC	A	-2.74%
WTM	A	-2.72%
ALK	C	-2.71%
ETR	B	-2.7%
CMA	A	-2.69%
RF	A	-2.68%
USB	A	-2.63%
OZK	B	-2.63%
PNC	B	-2.6%
AXS	A	-2.59%
FITB	A	-2.57%
HPE	B	-2.49%
PNW	B	-2.47%
EVRG	A	-2.44%
CMCSA	B	-2.44%
PRGO	B	-2.42%
MET	A	-2.42%
D	C	-2.36%
CNA	B	-2.35%
UGI	A	-2.32%
PFG	D	-2.31%
RNR	C	-2.27%
VZ	C	-2.22%
CWEN	C	-2.19%
RPRX	D	-2.18%
BG	F	-2.14%
ADM	D	-2.08%
CRI	D	-1.89%
CNXC	F	-1.81%