Exchange-Traded Funds (ETFs)

PIZ - PowerShares DWA Developed Markets Momentum Portfolio

Factor Driven - Broad-Based Momentum

Product Details

The PowerShares DWA Developed Markets Momentum Portfolio (Fund) is based on the Dorsey Wright® Developed Markets Technical Leaders Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities of developed economies within Dorsey Wright & Associates’ classification definition, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) based on securities in the Index. This Index includes approximately 1,000 companies that possess powerful relative strength characteristics and are domiciled in developed markets including, but not limited to Australia, Canada, Finland, France, Germany, Hong Kong, Italy, Japan, Norway, Portugal, Singapore, Spain and Switzerland. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly.

Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA Developed Markets Technical Leaders Portfolio to PowerShares DWA Developed Markets Momentum Portfolio.

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 (%)
DWA Developed Markets Technical Leaders Index ND 2.28 31.02 10.32 21.52 N/A 3.98
DWA Developed Markets Technical Leaders Index 2.34 31.46 10.71 21.91 N/A 4.36
MSCI EAFE Index ND 0.66 17.56 7.21 16.02 6.53 0.38
Fund History (%)
Fund NAV 2.07 30.02 9.19 20.23 N/A 2.99
After Tax Held 2.05 28.58 8.60 19.73 N/A 2.74
After Tax Sold 1.17 17.14 7.08 16.52 N/A 2.39
Fund Market Price 1.87 30.03 9.26 20.48 N/A 2.98

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 04/15/2014

Sector Allocation

as of 04/15/2014

Top Country Allocation

as of 04/11/2014

Market Cap & Style Allocations

Large-Cap Growth 40.01%
Large-Cap Value 3.09%
Large-Cap Blend 10.23%
Mid-Cap Growth 31.67%
Mid-Cap Value 3.11%
Mid-Cap Blend 11.88%

as of 04/15/2014 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
27 Galaxy Entertainment Group Ltd 2.42
880 SJM Holdings Ltd 2.34
VRX Valeant Pharmaceuticals International Inc 2.08
SPD Sports Direct International PLC 2.05
EVD CTS Eventim AG 2.04
ARM ARM Holdings PLC 1.91
RMV Rightmove PLC 1.87
ILD Iliad SA 1.66
BAB Babcock International Group PLC 1.64
CON Continental AG 1.60

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 0.01325 0.01325 - - -
12/20/2013 12/24/2013 12/31/2013 0.53383 0.53383 - - -
09/20/2013 09/24/2013 09/30/2013 0.13284 0.13284 - - -
06/21/2013 06/25/2013 06/28/2013 0.07365 0.07365 - - -
03/15/2013 03/19/2013 03/28/2013 0.00524 0.00524 - - -
12/21/2012 12/26/2012 12/31/2012 0.08157 0.08157 - - -
09/21/2012 09/25/2012 09/28/2012 0.03978 0.03978 - - -
06/15/2012 06/19/2012 06/29/2012 0.24236 0.24236 - - -
03/16/2012 03/20/2012 03/30/2012 0.03176 0.03176 - - -
12/16/2011 12/20/2011 12/30/2011 0.17051 0.17051 - - -
09/16/2011 09/20/2011 09/30/2011 0.27567 0.27567 - - -
06/17/2011 06/21/2011 06/30/2011 0.05973 0.05973 - - -
12/17/2010 12/21/2010 12/31/2010 0.04476 0.04476 - - -
06/18/2010 06/22/2010 06/30/2010 0.05115 0.05115 - - -
12/18/2009 12/22/2009 12/31/2009 0.38690 0.38690 - - -
12/19/2008 12/23/2008 12/31/2008 0.01655 0.01655 - - -
06/20/2008 06/24/2008 06/30/2008 0.27589 0.27589 - - -

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 17 0 0 4 1 0
12/31/2013 64 24 3 0 0 0 0
09/30/2013 64 21 1 0 2 0 0
06/30/2013 64 21 3 0 1 0 0
Year Ended 2013 252 97 8 0 5 0 0

Fund Inception: 12/28/2007

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.

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

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

Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

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.

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.

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

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 MSCI EAFE® Index ND is an unmanaged index considered representative of stocks of Europe, Australasia and the Far East. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

The DWA Developed Markets Technical Leaders Index includes approximately 1,000 companies that possess powerful relative strength characteristics and are domiciled in developed markets.

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

Dorsey Wright® and DWA® are registered trademarks of Dorsey, Wright & Associates, LLC that are 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. The Technical Leaders™ Ranking System is a trademark of Dorsey, Wright & Associates, LLC that is licensed to Invesco PowerShares Capital Management LLC.

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 04/16/2014
3:59 PM EST

PIZ

  • Last Trade $25.99
  • Current IIV $25.91
  • Change $0.39
  • % Change 1.52%
as of 04/15/2014
  • NAV at market close $25.50
as of 04/15/2014

Yield

  • SEC 30 Day Yield 1.36%
  • Distribution Yield 0.21%
  • 12 Month Yield 2.96%
  • 30-Day SEC Unsubsidized Yield
    as of 04/15/2014
    1.35%
as of 04/15/2014

Closing

  • Closing Price $25.60
  • Bid/Ask Midpoint $25.63
  • Bid/Ask Prem/Disc $0.13
  • Bid/Ask Prem/Disc 0.51%
as of 03/31/2014

Fund Characteristics

  • Price/Earnings Ratio1 20.65
  • Price/Book Ratio1 3.62
  • ROE2 36.367%
  • Avg Market Cap2 $19,628MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PIZ
  • CUSIP # 73936Q108
  • ISIN US73936Q1085
  • Intraday NAV PIZIV
  • Index Ticker DWADMNTR
  • Index Provider Dorsey, Wright & Associates, LLC
  • Management Fee 0.80%
  • Total Expense Ratio 0.81%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 12/28/2007
  • # of Holdings 100
    as of 04/15/2014
as of 04/16/2014

Quick Facts

  • Previous Close $25.60
  • Open $25.95
  • Today's High $26.00
  • Today's Low $25.85
  • Today's Volume 148,116
  • 52 Week High $27.78
  • 52 Week Low $20.13
  • Shares Outstanding 27.90MM
  • Market Value $711.3MM