Exchange-Traded Funds (ETFs)

PIN - PowerShares India Portfolio

Access - Global region and country

Product Details

The PowerShares India Portfolio (Fund) is based on the Indus India Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American depositary receipts based on the securities in the Index. The Index is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two major Indian exchanges. The India Index has 50 constituents, spread among the following sectors: Information Technology, Health Services, Financial Services, Heavy Industry, Consumer Products and Other. The India Index is supervised by an index committee, comprised of representatives of the Index Provider and members of academia specializing in emerging markets. The Fund and the Index are rebalanced and reconstituted quarterly in January, April, July and October.

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 (%)
Indus India Index 7.50 6.44 -5.31 12.51 N/A -2.09
MSCI India Index ND 8.16 6.74 -4.62 15.44 11.99 -1.37
Fund History (%)
Fund NAV 7.24 4.68 -7.36 10.22 N/A -4.01
After Tax Held 7.08 4.39 -7.49 10.07 N/A -4.13
After Tax Sold 4.09 2.72 -5.49 8.18 N/A -2.94
Fund Market Price 6.68 4.73 -7.31 10.20 N/A -4.34

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 The results assume that no cash was added to or assets withdrawn from the Index.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 04/17/2014

Sector Allocation

as of 04/17/2014

Top Country Allocation

as of 04/17/2014

Market Cap & Style Allocations

Large-Cap Growth 51.74%
Large-Cap Value 18.39%
Large-Cap Blend 27.59%
Mid-Cap Growth 1.48%
Mid-Cap Value 0.80%

as of 04/17/2014 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
RIL Reliance Industries Ltd 10.71
ONGC Oil & Natural Gas Corp Ltd 8.22
INFO Infosys Ltd 8.07
HDFC Housing Development Finance Corp 6.34
BHARTI Bharti Airtel Ltd 4.80
TCS Tata Consultancy Services Ltd 4.78
HUVR Hindustan Unilever Ltd 4.49
SUNP Sun Pharmaceutical Industries Ltd 3.37
WPRO Wipro Ltd 3.32
SSLT Sesa Sterlite Ltd 2.87

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 0.06132 0.06132 - - -
12/20/2013 12/24/2013 12/31/2013 0.00653 0.00653 - - -
09/20/2013 09/24/2013 09/30/2013 0.02609 0.02609 - - -
06/21/2013 06/25/2013 06/28/2013 0.05190 0.05190 - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - -
12/21/2012 12/26/2012 12/31/2012 0.08648 0.08648 - - -
09/21/2012 09/25/2012 09/28/2012 0.07705 0.07705 - - -
06/15/2012 06/19/2012 06/29/2012 0.03378 0.03378 - - -
03/16/2012 03/20/2012 03/30/2012 0.01758 0.01758 - - -
12/17/2010 12/21/2010 12/31/2010 0.18926 0.18926 - - -
09/17/2010 09/21/2010 09/30/2010 0.04563 0.04563 - - -
12/18/2009 12/22/2009 12/31/2009 0.07495 0.07495 - - -
09/18/2009 09/22/2009 09/30/2009 0.03806 0.03806 - - -
06/19/2009 06/23/2009 06/30/2009 0.01848 0.01848 - - -
12/19/2008 12/23/2008 12/31/2008 0.01535 0.01535 - - -
09/19/2008 09/23/2008 09/30/2008 0.06086 0.06086 - - -
06/20/2008 06/24/2008 06/30/2008 0.03322 0.03322 - - -

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 15 4 0 12 8 0
12/31/2013 64 11 7 2 9 9 0
09/30/2013 64 13 5 4 9 11 1
06/30/2013 64 10 4 1 17 5 2
Year Ended 2013 252 43 17 7 40 25 3

Fund Inception: 03/05/2008

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.

Indian securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments. There may be instances in which the Underlying Index must liquidate a security because the security has exceeded the limitation of foreign ownership set by the Index's methodology. This liquidation in the index may occur at an inopportune time which may result in a significant variation between the Index's return and that of the Fund.

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

American Depositary Receipts (ADRs) involve many of the same risks as those associated with direct investment in foreign securities. In addition, the underlying issuers of certain depositary receipts, particularly unsponsored or unregistered depositary receipts, are under no obligation to distribute shareholder communications to the holders of such receipts or to pass through to them any voting rights with respect to the deposited securities.

The dollar value of the fund's foreign investments will be affected by changes in the exchange rates between the dollar and the currencies in which those investments are traded.

A natural or other disaster could occur in a geographic region in which the Fund invests, which could adversely impact the Fund's investments in the affected region.

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

The Adviser is registered as a foreign institutional investor (FII) with the Securities and Exchange Board of India (SEBI), and the Subsidiary is registered as a sub account with the SEBI to obtain certain benefits relating to the Subsidiary's ability to make and dispose of investments. There can be no assurances that the Indian regulatory authorities will continue to grant such qualifications, and the loss of such qualifications could adversely impact the ability of the Subsidiary to make and dispose of investments in India.

Global Depositary Receipts involve the same risks as those associated with ADRs. They are also subject to currency, political, economic and market risks because their values depend on the performance of non-dollar denominated underlying foreign securities.

As a developing country jurisdiction, Mauritius may be subject to political and/or economic volatility from time to time, which may make its legal and political structures more uncertain than the comparable structures in developed countries. Such instability could adversely impact the Subsidiary.

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

Unlike most ETFs, the Fund currently intends to effect redemptions principally for cash and partially in-kind, rather than primarily in-kind redemptions because of the nature of the Fund's investments. As such, investments in Shares may be less tax efficient than investments in conventional ETFs.

The MSCI India Index ND is an unmanaged index considered representative of Indian stocks. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

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

Indus Advisors LLC ("Indus") is the Index Provider for the Fund. Indus is not affiliated with the Trust, the Adviser or the Distributor. Indus' only relationship to the Adviser, the Fund or the Distributor is Indus' licensing to the Adviser of certain Indus trademarks, Indexes and trade names, which are composed by Indus without regard to the Adviser, the Fund, the Distributor or any investor; and Indus makes no warranty or representation regarding the advisability of purchasing, holding or trading this product.

as of 04/21/2014
10:12 AM EST

PIN

  • Last Trade $18.83
  • Current IIV $18.76
  • Change -$0.11
  • % Change -0.58%
as of 04/17/2014
  • NAV at market close $18.75
as of 04/17/2014

Closing

  • Closing Price $18.94
  • Bid/Ask Midpoint $18.93
  • Bid/Ask Prem/Disc $0.18
  • Bid/Ask Prem/Disc 0.96%
as of 03/31/2014

Fund Characteristics

  • Price/Earnings Ratio1 15.26
  • Price/Book Ratio1 1.91
  • ROE2 24.874%
  • Avg Market Cap2 $25,293MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PIN
  • CUSIP # 73935L100
  • ISIN US73935L1008
  • Intraday NAV PINIV
  • Index Ticker IIINUTR
  • Index Provider Indus Advisors LLC
  • Management Fee 0.78%
  • Total Expense Ratio 0.82%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 03/05/2008
  • # of Holdings 50
    as of 04/17/2014
as of 04/21/2014

Quick Facts

  • Previous Close $18.94
  • Open $18.83
  • Today's High $18.89
  • Today's Low $18.82
  • Today's Volume 73,527
  • 52 Week High $19.21
  • 52 Week Low $13.50
  • Shares Outstanding 20.75MM
  • Market Value $389.1MM