PowerShares ETFs

PHDG - PowerShares S&P 500 Downside Hedged Portfolio

Alternative - Hedged Equity
Actively managed

Product Details

The PowerShares S&P 500® Downside Hedged Portfolio (the Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. The Fund seeks to achieve its investment objective by using a quantitative, rules-based strategy that seeks to obtain returns that exceed the S&P 500 Dynamic VEQTOR Index (the Index). The Index provides investors with broad equity market exposure with an implied volatility hedge by dynamically allocating between equity, volatility and cash. The index allows investors to receive exposure to the equity and volatility of the S&P 500 Index in a dynamic framework.

as of 11/30/2017 09/30/2017

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P 500 Dynamic VEQTOR Index 10.76 12.80 0.84 3.87 N/A 4.27
S&P 500 Index 14.24 18.61 10.81 14.22 7.44 15.13
HFRX Global Hedge Fund Index 4.43 5.64 0.45 1.98 -0.54 N/A
U.S. Treasury Bills Index 0.62 0.73 0.33 0.22 0.37 0.22
S&P 500 Dynamic VEQTOR Index 15.52 17.48 0.62 5.08 N/A 5.01
S&P 500 Index 20.49 22.87 10.91 15.74 8.30 15.82
U.S. Treasury Bills Index 0.82 0.86 0.39 0.25 0.33 0.26
Fund History (%)
Fund NAV 10.35 12.30 0.27 N/A N/A 3.51
After Tax Held 9.90 11.30 -1.06 N/A N/A 2.42
After Tax Sold 5.86 6.93 -0.39 N/A N/A 2.21
Fund Market Price 10.41 12.41 0.13 N/A N/A 3.48
Fund NAV 14.97 16.95 0.08 N/A N/A 4.25
After Tax Held 14.50 15.90 -1.25 N/A N/A 3.19
After Tax Sold 8.46 9.54 -0.55 N/A N/A 2.79
Fund Market Price 15.12 16.81 0.07 N/A N/A 4.23

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 applicable 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 09/30/2017

Growth of $10,000

Data beginning Fund inception and ending 09/30/2017. 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 12/11/2017

Fund Allocation

as of 12/11/2017 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
AAPL Apple Inc 3.82
MSFT Microsoft Corp 2.81
AMZN Amazon.com Inc 1.99
FB Facebook Inc 1.82
UXF8 CBOE Volatility Index Future 1.80
JNJ Johnson & Johnson 1.62
BRK/B Berkshire Hathaway Inc 1.62
JPM JPMorgan Chase & Co 1.59
XOM Exxon Mobil Corp 1.51
GOOG Alphabet Inc 1.35

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
09/18/2017 09/19/2017 09/29/2017 0.18118 0.18118 - - -
06/16/2017 06/20/2017 06/30/2017 0.06668 0.06668 - - -
12/16/2016 12/20/2016 12/30/2016 0.27432 0.27432 - - -
09/16/2016 09/20/2016 09/30/2016 0.09510 0.09510 - - -
06/17/2016 06/21/2016 06/30/2016 0.11704 0.11704 - - -
03/18/2016 03/22/2016 03/31/2016 0.06398 0.06398 - - -
12/24/2015 12/29/2015 12/31/2015 0.04366 0.04366 - - -
12/18/2015 12/22/2015 12/31/2015 0.14654 0.14654 - - -
09/18/2015 09/22/2015 09/30/2015 0.07053 0.07053 - - -
06/19/2015 06/23/2015 06/30/2015 0.07770 0.07770 - - -
03/20/2015 03/24/2015 03/31/2015 0.06713 0.06713 - - -
12/24/2014 12/29/2014 12/31/2014 1.23409 - 1.12623 0.10786 -
12/19/2014 12/23/2014 12/31/2014 0.10420 - - - -
09/19/2014 09/23/2014 09/30/2014 0.05248 - - - -
06/20/2014 06/24/2014 06/30/2014 0.06288 - - - -
03/21/2014 03/25/2014 03/31/2014 0.06531 - - - -
12/20/2013 12/24/2013 12/31/2013 0.29210 - - - -
09/20/2013 09/24/2013 09/30/2013 0.04546 - - - -
06/21/2013 06/25/2013 06/28/2013 0.08291 - - - -
03/15/2013 03/19/2013 03/28/2013 0.07096 - - - -
12/21/2012 12/26/2012 12/31/2012 0.02307 - - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2017 63 21 0 0 0 0 0
06/30/2017 63 16 1 0 0 0 0
03/31/2017 62 9 0 0 0 0 0
12/31/2016 63 21 3 0 0 0 0
Year Ended 2016 252 80 6 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2017 63 40 2 0 0 0 0
06/30/2017 63 40 6 0 0 0 0
03/31/2017 62 45 3 2 2 1 0
12/31/2016 63 34 5 0 0 0 0
Year Ended 2016 252 157 8 1 0 0 0

Fund Inception: 12/06/2012

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

There are risks involved with investing in ETFs, including possible loss of money. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the 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.

The investment techniques and risk analysis used by the portfolio managers may not produce the desired results.

The Chicago Board Options Exchange (CBOE) can make methodological changes to the calculation of the VIX Index that could affect the value of the futures contracts, which could affect the value of your investment.

Future contracts project price levels in the future, market circumstances may cause a discrepancy between the price of the near and distant contract. In the event of adverse price movements, the Fund would be required to make daily cash payments to maintain its required margin and segregate liquid assets or enter into off-setting positions to "cover" open positions in futures contracts. By investing in future contracts, the Fund also is subject to counterparty and liquidity risks.

The Fund will gain most of its exposure by entering into VIX Index futures, and intends to restrict its income from VIX Index futures that do not generate qualifying income, to a maximum of 10% of its gross income. there is no guarantee the Fund will be successful, and failure to comply with this restriction would have significant negative consequences to shareholders. The contracts included in the VIX Index historically have traded in "contango" markets, which could adversely affect the value of Shares.

An investment in exchange-traded funds (ETFs) may trade at a discount to net asset value, fail to develop an active trading market, halt trading on the listing exchange, fail to track the referenced index, or hold troubled securities. ETFs may involve duplication of management fees and certain other expenses. Certain of the ETFs the fund invests in are leveraged, which can magnify any losses on those investments.

Exchange-traded notes (ETNs) are subject to credit risk of the issuer, and the value of the ETN may drop due to a downgrade in the issuer's credit rating, despite the underlying market benchmark or strategy remaining unchanged.

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

The Fund is designed to achieve positive total returns in rising or falling markets. Significant short-term price movements could adversely affect the performance of the Fund and cause substantial losses.

The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

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

The tax treatment of futures may be adversely affected by changes in legislation, regulations or other legally binding authority. If, as a result of any such adverse action, the income of the Fund from certain futures was treated as nonqualifying income, the Fund might fail to qualify as a regulated investment company and be subject to federal income tax at the Fund level.

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

The S&P 500® Index is an unmanaged index considered representative of the U.S. stock market. The T-Bill 3 Month Index (U.S. Treasury Bills Index) is tracked by Lipper to provide performance for the 3-month U.S. Treasury Bill. The HFRX Global Hedge Fund Index is an investable hedge fund index designed to provide returns that reflect the performance of the global hedge fund universe. The VIX Index is a theoretical calculation and cannot be traded. The VIX Index measures the 30-day forward volatility of the S&P 500 Index as calculated based on the prices of certain put and call options on the S&P 500 Index.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco PowerShares Capital Management LLC (PowerShares). The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PowerShares by Invesco. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

as of 12/11/2017
4:15 PM EST

PHDG
Intraday Stats

  • Last Trade $27.47
  • Current IIV $27.46
  • Change $0.09
  • % Change 0.33%
as of 12/11/2017
  • NAV at market close $27.47

as of 12/11/2017

Fund Yield

  • SEC 30 Day Yield 1.46%
  • Distribution Rate 2.64%
  • 12 Month Distribution Rate 1.90%
  • 30-Day SEC Unsubsidized Yield
    as of 12/11/2017
    1.46%
as of 12/11/2017

Prior Close

  • Closing Price $27.38
  • Bid/Ask Midpoint $27.48
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.04%

Fund Details

  • Fund Ticker PHDG
  • CUSIP # 73935B805
  • ISIN US73935B8054
  • Intraday NAV PHDGIV
  • Index Ticker SPVQDTR
  • Management Fee 0.39%
  • Acquired Fund Fees & Expenses 0.02%
  • Total Expense Ratio 0.41%
  • Fee Waiver 0.02%
  • Net Expense Ratio 0.39%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 12/06/2012
  • # of Holdings 507
    as of 12/11/2017
as of 12/11/2017

Quick Facts

  • Previous Close $27.38
  • Open $27.42
  • Today's High $27.47
  • Today's Low $27.42
  • Today's Volume 5,726
  • 4,610 30-Day Avg Trading
    Volume
  • 52 Week High $27.52
  • 52 Week Low $23.77
  • Shares Outstanding .80MM
  • Market Value $22.0MM