PowerShares ETFs

PCEF - PowerShares CEF Income Composite Portfolio

Equity - US Equity

Product Details

The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 03/31/2015 03/31/2015

Performance


   
as of 03/31/2015 03/31/2015
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
S-Network Composite Closed-End Fund Index 3.12 4.57 6.91 6.97 N/A 7.70
Fund History (%)
Fund NAV 2.99 4.14 6.41 6.47 N/A 7.19
After Tax Held 2.06 1.01 3.61 3.86 N/A 4.58
After Tax Sold 1.69 2.61 3.82 3.99 N/A 4.56
Fund Market Price 3.17 4.19 6.47 6.34 N/A 7.23

Monthly Performance

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. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.


as of 03/31/2015

Growth of $10,000

Data beginning Fund inception and ending 03/31/2015. Fund performance shown at NAV.

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 The results assume that no cash was added to or assets withdrawn from the Index.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 06/29/2015 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PCI PIMCO Dynamic Credit Income Fund 3.67
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fun 3.10
ACG AllianceBernstein Income Fund Inc 2.65
EVV Eaton Vance Limited Duration Income Fund 2.32
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund 2.23
DSL DoubleLine Income Solutions Fund 2.12
BTZ BlackRock Credit Allocation Income Trust 2.02
DNP DNP Select Income Fund Inc 1.97
BDJ BlackRock Enhanced Equity Dividend Trust 1.89
HYT BlackRock Corporate High Yield Fund Inc 1.85

as of 06/29/2015

Investment Categories

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
06/15/2015 06/17/2015 06/30/2015 0.16944 0.16944 - - -
05/15/2015 05/19/2015 05/29/2015 0.16371 0.16371 - - -
04/15/2015 04/17/2015 04/30/2015 0.16402 0.16402 - - -
03/13/2015 03/17/2015 03/31/2015 0.16375 0.16375 - - -
02/13/2015 02/18/2015 02/27/2015 0.16478 0.16478 - - -
01/15/2015 01/20/2015 01/30/2015 0.17049 0.17049 - - -
12/15/2014 12/17/2014 12/31/2014 0.15402 0.15402 - - -
11/14/2014 11/18/2014 11/28/2014 0.15211 0.15211 - - -
10/15/2014 10/17/2014 10/31/2014 0.15000 0.15000 - - -
09/15/2014 09/17/2014 09/30/2014 0.15000 0.15000 - - -
08/15/2014 08/19/2014 08/29/2014 0.15061 0.15061 - - -
07/15/2014 07/17/2014 07/31/2014 0.15003 0.15003 - - -
06/13/2014 06/17/2014 06/30/2014 0.14959 0.14959 - - -
05/15/2014 05/19/2014 05/30/2014 0.15088 0.15088 - - -
04/15/2014 04/17/2014 04/30/2014 0.17016 0.17016 - - -
03/14/2014 03/18/2014 03/31/2014 0.17250 0.17250 - - -
02/14/2014 02/19/2014 02/28/2014 0.17250 0.17250 - - -
01/15/2014 01/17/2014 01/31/2014 0.17000 0.17000 - - -
12/13/2013 12/17/2013 12/31/2013 0.17680 0.17680 - - -
11/15/2013 11/19/2013 11/29/2013 0.16675 0.16675 - - -
10/15/2013 10/17/2013 10/31/2013 0.16637 0.16637 - - -
09/13/2013 09/17/2013 09/30/2013 0.16409 0.16409 - - -
08/15/2013 08/19/2013 08/30/2013 0.16256 0.16256 - - -
07/15/2013 07/17/2013 07/31/2013 0.16178 0.16178 - - -
06/14/2013 06/18/2013 06/28/2013 0.16476 0.16476 - - -
05/15/2013 05/17/2013 05/31/2013 0.14550 0.14550 - - -
04/15/2013 04/17/2013 04/30/2013 0.16338 0.16338 - - -
03/15/2013 03/19/2013 03/28/2013 0.16498 0.16498 - - -
02/15/2013 02/20/2013 02/28/2013 0.17386 0.17386 - - -
01/15/2013 01/17/2013 01/31/2013 0.16894 0.16894 - - -
12/14/2012 12/18/2012 12/31/2012 0.16402 0.16402 - - -
11/15/2012 11/19/2012 11/30/2012 0.16482 0.16482 - - -
10/15/2012 10/17/2012 10/31/2012 0.14495 0.14495 - - -
09/14/2012 09/18/2012 09/28/2012 0.14530 0.14530 - - -
08/15/2012 08/17/2012 08/31/2012 0.15010 0.15010 - - -
07/13/2012 07/17/2012 07/31/2012 0.15033 0.15033 - - -
06/15/2012 06/19/2012 06/29/2012 0.15035 0.15035 - - -
05/15/2012 05/17/2012 05/31/2012 0.13444 0.13444 - - -
04/13/2012 04/17/2012 04/30/2012 0.16008 0.16008 - - -
03/15/2012 03/19/2012 03/30/2012 0.16538 0.16538 - - -
02/15/2012 02/17/2012 02/29/2012 0.16552 0.16552 - - -
01/13/2012 01/18/2012 01/31/2012 0.16326 0.16326 - - -
12/27/2011 12/29/2011 12/30/2011 0.07996 0.06576 - 0.01420 -
12/15/2011 12/19/2011 12/30/2011 0.30249 0.30249 - - -
11/15/2011 11/17/2011 11/30/2011 0.14100 0.14100 - - -
10/14/2011 10/18/2011 10/31/2011 0.14488 0.14488 - - -
09/15/2011 09/19/2011 09/30/2011 0.14419 0.14419 - - -
08/15/2011 08/17/2011 08/31/2011 0.14600 0.14600 - - -
07/15/2011 07/19/2011 07/29/2011 0.14245 0.14245 - - -
06/15/2011 06/17/2011 06/30/2011 0.15120 0.15120 - - -
05/13/2011 05/17/2011 05/31/2011 0.15204 0.15204 - - -
04/15/2011 04/19/2011 04/29/2011 0.16726 0.16726 - - -
03/15/2011 03/17/2011 03/31/2011 0.16562 0.16562 - - -
02/15/2011 02/17/2011 02/28/2011 0.16584 0.16584 - - -
01/14/2011 01/19/2011 01/31/2011 0.16662 0.16662 - - -
12/28/2010 12/30/2010 12/31/2010 0.05892 0.05892 - - -
12/15/2010 12/17/2010 12/31/2010 0.22897 0.22897 - - -
11/15/2010 11/17/2010 11/30/2010 0.18265 0.18265 - - -
10/15/2010 10/19/2010 10/29/2010 0.18411 0.18411 - - -
09/15/2010 09/17/2010 09/30/2010 0.18746 0.18746 - - -
08/13/2010 08/17/2010 08/31/2010 0.17946 0.17946 - - -
07/15/2010 07/19/2010 07/30/2010 0.18087 0.18087 - - -
06/15/2010 06/17/2010 06/30/2010 0.17970 0.17970 - - -
05/14/2010 05/18/2010 05/28/2010 0.18074 0.18074 - - -
04/15/2010 04/19/2010 04/30/2010 0.18000 0.18000 - - -
03/15/2010 03/17/2010 03/31/2010 0.18240 0.18240 - - -

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%
03/31/2015 61 0 0 0 0 0 0
12/31/2014 64 0 0 0 0 0 0
09/30/2014 64 0 0 0 0 0 0
06/30/2014 63 0 0 0 0 0 0
Year Ended 2014 252 0 0 0 0 0 0

Fund Inception: 02/19/2010

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.


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 Risk & Other Information

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 subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Shares of closed-end funds frequently trade at a discount to their net asset value in the secondary market and the net asset value of closed-end fund shares may decrease.

The Fund is subject to the risks of the underlying funds. Market fluctuations may change the target weightings in the underlying funds and certain factors may cause the Fund to withdraw its investments therein at a disadvantageous time.

The securities of closed-end investment companies in which the Fund may invest may be leveraged. As a result, the Fund may be indirectly exposed to leverage resulting in higher volatility in the market and the possibility that the Fund's long-term returns on such securities will be diminished.

Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested.

The Fund's investments in futures contracts will cause it to be deemed to be a commodity pool, thereby subjecting the Fund to regulation under the Commodity Exchange Act and Commodity Futures Trading Commission (CFTC) rules. The Adviser is registered as a Commodity Pool Operator (CPO), and the Fund will be operated in accordance with CFTC rules. Registration as a CPO subjects the registrant to additional laws, regulations and enforcement policies, all of which could increase compliance costs and may affect the operations and financial performance of funds whose adviser is required to register as a CPO. Registration as a commodity pool may have negative effects on the ability of the Fund to engage in its planned investment program.

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

S-Network Global Indexes, LLCSM and S-Network Composite Closed-End Fund IndexSM are service marks of S-Network Global Indexes LLC and have been licensed for use by Invesco PowerShares Capital Management LLC. The PowerShares CEF Income Composite Portfolio is not sponsored, endorsed, sold or promoted by S-Network Global Indexes LLC and S-Network Global Indexes LLC makes no representation regarding the advisability of investing in the PowerShares CEF Income Composite Portfolio. Invesco PowerShares Capital Management LLC is not affiliated with S-Network Global Indexes LLC.

as of 06/30/2015
4:00 PM EST

PCEF
Intraday Stats

  • Last Trade $22.83
  • Current IIV $22.80
  • Change $0.21
  • % Change 0.93%
as of 06/30/2015
  • NAV at market close $22.79
as of 06/30/2015

Fund Yield

  • SEC 30 Day Yield 7.92%
  • Distribution Yield 8.92%
  • 12 Month Yield 7.73%
  • 30-Day SEC Unsubsidized Yield
    as of 06/29/2015
    7.98%
as of 06/30/2015

Prior Close

  • Closing Price $22.62
  • Bid/Ask Midpoint $22.84
  • Bid/Ask Prem/Disc $0.05
  • Bid/Ask Prem/Disc 0.22%
as of 06/29/2015

Avg Premium/Discount

  • Current -8.57%
  • 52-Week Average -8.06%
  • 52-Week High -6.73%
  • 52-Week Low -9.60%

Fund Details

  • Fund Ticker PCEF
  • CUSIP # 73936Q843
  • ISIN US73936Q8437
  • Intraday NAV PCEFIV
  • Index Ticker CEFXTR
  • Index Provider S-Network Global Indexes, LLC
  • Management Fee 0.50%
  • Acquired Fund Fees & Expenses 1.38%
  • Total Expense Ratio 1.88%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 02/19/2010
  • # of Holdings 147
    as of 06/29/2015
as of 06/30/2015

Quick Facts

  • Previous Close $22.62
  • Open $22.69
  • Today's High $22.84
  • Today's Low $22.68
  • Today's Volume 236,210
  • 52 Week High $25.53
  • 52 Week Low $22.60
  • Shares Outstanding 29.15MM
  • Market Value $664.4MM