Exchange-Traded Funds (ETFs)

KBWB - PowerShares KBW Bank Portfolio

Access - Specialty Sector

Product Details

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

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

Performance


   
as of 03/31/2014 03/31/2014
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
KBW Bank Index 4.88 30.99 13.93 22.76 -0.65 33.02
S&P 500 Financials Index 2.61 24.91 13.00 22.39 -0.48 28.26
Fund History (%)
Fund NAV 4.80 30.52 N/A N/A N/A 32.56
After Tax Held 4.68 29.96 N/A N/A N/A 31.97
After Tax Sold 2.72 17.55 N/A N/A N/A 25.71
Fund Market Price 4.83 30.43 N/A N/A N/A 32.61

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 The results assume that no cash was added to or assets withdrawn from the Index.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

Subindustry Allocations

as of 04/22/2014

Market Cap & Style Allocations

Large-Cap Value 55.05%
Large-Cap Blend 18.41%
Mid-Cap Value 22.78%
Mid-Cap Blend 2.84%
Small-Cap Value 0.92%

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

Fund Holdings subject to change

Ticker Company % of Fund
BAC Bank of America Corp 8.44
WFC Wells Fargo & Co 8.13
C Citigroup Inc 7.88
JPM JPMORGAN CHASE & CO 7.86
USB US Bancorp/MN 6.32
STI SunTrust Banks Inc 4.92
CMA Comerica Inc 4.39
MTB M&T Bank Corp 4.31
KEY KeyCorp 4.15
RF Regions Financial Corp 4.10

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
03/21/2014 03/25/2014 03/31/2014 0.09480 0.09480 - - -
12/20/2013 12/24/2013 12/31/2013 0.18602 0.18602 - - -
09/20/2013 09/24/2013 09/30/2013 0.09914 0.09914 - - -
06/21/2013 06/25/2013 06/28/2013 0.16064 0.16064 - - -
03/15/2013 03/19/2013 03/28/2013 0.06283 0.06283 - - -
12/21/2012 12/26/2012 12/31/2012 0.08736 0.08736 - - -
09/21/2012 09/25/2012 09/28/2012 0.03677 0.03677 - - -
06/15/2012 06/19/2012 06/29/2012 0.04195 0.04195 - - -
03/16/2012 03/20/2012 03/30/2012 0.16801 0.16801 - - -
12/16/2011 12/20/2011 12/30/2011 0.26747 0.26747 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.50-
0.99%
1.00-
1.99%
>2.00% 0.50-
0.99%
1.00-
1.99%
>2.00%
03/31/2014 61 0 0 0 1 0 0
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 0 0

Fund Inception: 11/01/2011

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.

Investments focused in a particular industry or sector, such as the banking 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 S&P 500® Financials Index is an unmanaged index considered representative of the financials sector within the S&P 500® Index. The S&P 500 Index is an unmanaged index considered representative of the U.S. stock market.

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

"Keefe, Bruyette & Woods, Inc.", "KBW Bank Index" and "KBW" are trademarks of KBW and have been licensed for use by Invesco PowerShares Capital Management LLC. The PowerShares KBW Bank Portfolio is not sponsored, endorsed, sold or promoted by KBW and KBW makes no representation regarding the advisability of investing in The PowerShares KBW Bank Portfolio. Invesco PowerShares Capital Management LLC is not affiliated with KBW.

as of 04/23/2014
3:59 PM EST

KBWB

  • Last Trade $35.91
  • Current IIV $35.90
  • Change $0.18
  • % Change 0.50%
as of 04/22/2014
  • NAV at market close $35.71
as of 04/22/2014

Yield

  • SEC 30 Day Yield 1.50%
  • Distribution Yield 1.06%
  • 12 Month Yield 1.50%
  • 30-Day SEC Unsubsidized Yield
    as of 04/17/2014
    N/A
as of 04/22/2014

Closing

  • Closing Price $35.73
  • Bid/Ask Midpoint $35.74
  • Bid/Ask Prem/Disc $0.03
  • Bid/Ask Prem/Disc 0.08%
as of 03/31/2014

Fund Characteristics

  • Price/Earnings Ratio1 14.15
  • Price/Book Ratio1 1.14
  • ROE2 8.757%
  • Avg Market Cap2 $82,748MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker KBWB
  • CUSIP # 73937B746
  • ISIN US73937B7468
  • Intraday NAV KBWBIV
  • Index Ticker BKXTR
  • Index Provider Keefe, Bruyette & Woods, Inc.
  • Management Fee 0.35%
  • Total Expense Ratio 0.35%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 11/01/2011
  • # of Holdings 24
    as of 04/22/2014
as of 04/23/2014

Quick Facts

  • Previous Close $35.73
  • Open $35.71
  • Today's High $35.91
  • Today's Low $35.65
  • Today's Volume 34,599
  • 52 Week High $39.32
  • 52 Week Low $28.34
  • Shares Outstanding 4.65MM
  • Market Value $166.1MM