Exchange-Traded Funds (ETFs)

DWAS - PowerShares DWA SmallCap Momentum Portfolio

Factor Driven - Broad-Based Momentum

Product Details

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Effective Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

as of 03/31/2014 03/31/2014


as of 03/31/2014 03/31/2014
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
Dorsey Wright SmallCap Technical Leaders Index -0.95 26.32 N/A N/A N/A 32.14
Russell 2000 Index 1.12 24.90 13.18 24.31 8.53 26.82
Fund History (%)
Fund NAV -1.13 25.43 N/A N/A N/A 31.23
After Tax Held -1.13 25.38 N/A N/A N/A 31.10
After Tax Sold -0.64 14.42 N/A N/A N/A 24.31
Fund Market Price -1.03 25.60 N/A N/A N/A 31.20

Monthly Standardized Report

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. After Tax Held and After Tax Sold are based on NAV.

as of 03/31/2014

Growth of $10,000

Data beginning Fund inception and ending 03/31/2014.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 04/22/2014

Sector Allocation

as of 04/22/2014

Market Cap & Style Allocations

Large-Cap Growth 0.52%
Mid-Cap Growth 12.16%
Mid-Cap Value 0.99%
Mid-Cap Blend 3.75%
Small-Cap Growth 53.57%
Small-Cap Value 12.25%
Small-Cap Blend 16.76%

as of 04/22/2014 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
KS KapStone Paper and Packaging Corp 1.53
ACAD ACADIA Pharmaceuticals Inc 1.35
SUNE SunEdison Inc 1.33
MEIP MEI Pharma Inc 1.32
MEAS Measurement Specialties Inc 1.31
BOFI BofI Holding Inc 1.30
EXAS Exact Sciences Corp 1.30
AXDX Accelerate Diagnostics Inc 1.25
ICPT Intercept Pharmaceuticals Inc 1.24
HF HFF Inc 1.20

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/20/2013 12/24/2013 12/31/2013 0.01358 0.01358 - - -
09/20/2013 09/24/2013 09/30/2013 0.00000 0.00000 - - -
06/21/2013 06/25/2013 06/28/2013 0.03776 0.03776 - - -
03/15/2013 03/19/2013 03/28/2013 0.01137 0.01137 - - -
12/21/2012 12/26/2012 12/31/2012 0.22070 0.22070 - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV Bid/Ask Midpoint Below NAV
Days 0.50-
>2.00% 0.50-
03/31/2014 61 0 0 0 0 0 1
12/31/2013 64 0 0 0 0 0 0
09/30/2013 64 0 0 0 0 0 0
06/30/2013 64 0 0 0 0 0 0
Year Ended 2013 252 0 0 0 0 1 0

Fund Inception: 07/19/2012

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index.

The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

Investing in securities of small-capitalization companies may involve greater risk than is customarily associated with investing in large companies.

Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Equity risk is the risk that the value of equity securities, including common stocks, may fall due to both changes in general economic and political conditions that impact the market as a whole, as well as factors that directly relate to a specific company or its industry.

The Russell 2000® Index is an unmanaged index considered representative of US growth stocks. The Russell 2000® Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The Technical Leaders™ Ranking System is a trademark of Dorsey, Wright & Associates, LLC that is licensed to Invesco PowerShares Capital Management LLC. This product is not sponsored, recommended, sold or promoted by Dorsey, Wright & Associates, LLC or any of its affiliates. Invesco PowerShares Capital Management LLC is not affiliated with any Dorsey Wright company.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 04/23/2014
11:23 AM EST


  • Last Trade $37.38
  • Current IIV $37.55
  • Change -$0.29
  • % Change -0.77%
as of 04/22/2014
  • NAV at market close $37.74
as of 04/22/2014


  • SEC 30 Day Yield -0.26%
  • 12 Month Yield 0.14%
  • 30-Day SEC Unsubsidized Yield
    as of 04/17/2014
as of 04/22/2014


  • Closing Price $37.67
  • Bid/Ask Midpoint $37.69
  • Bid/Ask Prem/Disc -$0.05
  • Bid/Ask Prem/Disc -0.13%
as of 03/31/2014

Index Characteristics

  • Price/Earnings Ratio1 75.52
  • Price/Book Ratio1 4.37
  • ROE2 -30.864%
  • Avg Market Cap2 $1,936MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker DWAS
  • CUSIP # 73936Q744
  • ISIN US73936Q7447
  • Intraday NAV DWASIV
  • Index Ticker DWATLSCT
  • Index Provider Dorsey, Wright & Associates, LLC
  • Management Fee 0.60%
  • Total Expense Ratio 0.60%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 07/19/2012
  • # of Holdings 200
    as of 04/22/2014
as of 04/23/2014

Quick Facts

  • Previous Close $37.67
  • Open $37.66
  • Today's High $37.66
  • Today's Low $37.17
  • Today's Volume 13,128
  • 52 Week High $41.75
  • 52 Week Low $30.38
  • Shares Outstanding 14.35MM
  • Market Value $541.5MM