Exchange-Traded Funds (ETFs)

PXF - PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio

Fundamentals Weighted - Fundamentals Weighted Equity

Product Details

The PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (Fund) is based on the FTSE RAFI Developed ex-U.S. Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest developed market equities (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

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 (%)
FTSE RAFI Developed ex U.S. Index ND 1.62 23.39 5.76 17.55 N/A 1.27
FTSE RAFI Developed ex U.S. Index 1.73 24.05 6.38 18.18 N/A 1.77
MSCI EAFE Index ND 0.66 17.56 7.21 16.02 6.53 0.51
Fund History (%)
Fund NAV 1.52 23.20 5.30 16.95 N/A 0.66
After Tax Held 1.06 21.95 4.85 16.54 N/A 0.38
After Tax Sold 0.85 13.62 4.22 13.96 N/A 0.67
Fund Market Price 1.08 22.96 5.14 17.80 N/A 0.68

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 The results assume that no cash was added to or assets withdrawn from the Index.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 04/23/2014

Sector Allocation

as of 04/23/2014

Top Country Allocation

as of 04/23/2014

Market Cap & Style Allocations

Large-Cap Growth 14.93%
Large-Cap Value 44.98%
Large-Cap Blend 28.15%
Mid-Cap Growth 1.55%
Mid-Cap Value 6.15%
Mid-Cap Blend 3.96%
Small-Cap Value 0.17%
Small-Cap Blend 0.11%

as of 04/23/2014 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
BP/ BP PLC 1.77
RDSA Royal Dutch Shell PLC 1.55
HSBA HSBC Holdings PLC 1.53
FP Total SA 1.50
SAN Banco Santander SA 1.48
VOD Vodafone Group PLC 1.10
RDSB Royal Dutch Shell PLC 1.06
TEF Telefonica SA 1.03
NESN Nestle SA 0.94
ENI Eni SpA 0.92

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 0.44953 0.44953 - - -
12/20/2013 12/24/2013 12/31/2013 0.30866 0.30866 - - -
09/20/2013 09/24/2013 09/30/2013 0.35052 0.35052 - - -
06/21/2013 06/25/2013 06/28/2013 0.32000 0.32000 - - -
03/15/2013 03/19/2013 03/28/2013 0.07856 0.07856 - - -
12/21/2012 12/26/2012 12/31/2012 0.27579 0.27579 - - -
09/21/2012 09/25/2012 09/28/2012 0.05651 0.05651 - - -
06/15/2012 06/19/2012 06/29/2012 0.57597 0.57597 - - -
03/16/2012 03/20/2012 03/30/2012 0.07266 0.07266 - - -
12/16/2011 12/20/2011 12/30/2011 0.30285 0.30285 - - -
09/16/2011 09/20/2011 09/30/2011 0.19611 0.19611 - - -
06/17/2011 06/21/2011 06/30/2011 0.20877 0.20877 - - -
12/17/2010 12/21/2010 12/31/2010 0.79673 0.79673 - - -
09/17/2010 09/21/2010 09/30/2010 0.04233 0.04233 - - -
06/18/2010 06/22/2010 06/30/2010 0.11872 0.11872 - - -
03/19/2010 03/23/2010 03/31/2010 0.02590 0.02590 - - -
12/18/2009 12/22/2009 12/31/2009 0.61952 0.61952 - - -
09/18/2009 09/22/2009 09/30/2009 0.05316 0.05316 - - -
06/19/2009 06/23/2009 06/30/2009 0.09775 0.09775 - - -
12/19/2008 12/23/2008 12/31/2008 0.43699 0.43699 - - -
06/20/2008 06/24/2008 06/30/2008 0.39707 0.39707 - - -
03/20/2008 03/25/2008 03/31/2008 0.03277 0.03277 - - -
12/21/2007 12/26/2007 12/31/2007 0.09981 0.09981 - - -
09/21/2007 09/25/2007 09/28/2007 0.01328 0.01328 - - -

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 20 0 0 3 1 0
12/31/2013 64 28 3 0 0 0 0
09/30/2013 64 18 1 0 1 0 0
06/30/2013 64 27 9 0 2 0 0
Year Ended 2013 252 88 16 0 4 0 0

Fund Inception: 06/25/2007

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.

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

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

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

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.

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 FTSE RAFI Developed ex U.S. Index is designed to track the performance of the largest developed market equities (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends.

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

Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), or by the London Stock Exchange Plc ("Exchange"), or by The Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), and neither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to the results to be obtained from the use of the FTSE RAFI Developed ex-U.S. Index ("Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under license. "Research Affiliates" and "Fundamental Index" are trademarks of Research Affiliates.

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 04/24/2014
3:59 PM EST

PXF

  • Last Trade $44.40
  • Current IIV $44.26
  • Change $0.05
  • % Change 0.11%
as of 04/23/2014
  • NAV at market close $44.23
as of 04/23/2014

Yield

  • SEC 30 Day Yield 2.14%
  • Distribution Yield 4.07%
  • 12 Month Yield 3.23%
  • 30-Day SEC Unsubsidized Yield
    as of 04/23/2014
    N/A
as of 04/23/2014

Closing

  • Closing Price $44.35
  • Bid/Ask Midpoint $44.38
  • Bid/Ask Prem/Disc $0.15
  • Bid/Ask Prem/Disc 0.34%
as of 03/31/2014

Fund Characteristics

  • Price/Earnings Ratio1 14.68
  • Price/Book Ratio1 1.34
  • ROE2 6.44%
  • Avg Market Cap2 $59,134MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PXF
  • CUSIP # 73936T789
  • ISIN US73936T7899
  • Intraday NAV PXFIV
  • Index Ticker TFRX1NU
  • Index Provider FTSE International Limited
  • Management Fee 0.45%
  • Total Expense Ratio 0.47%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 06/25/2007
  • # of Holdings 1,015
    as of 04/23/2014
as of 04/24/2014

Quick Facts

  • Previous Close $44.35
  • Open $44.38
  • Today's High $44.48
  • Today's Low $44.20
  • Today's Volume 42,945
  • 52 Week High $44.79
  • 52 Week Low $35.73
  • Shares Outstanding 17.90MM
  • Market Value $791.7MM