Exchange-Traded Funds (ETFs)

PXI - PowerShares DWA Energy Momentum Portfolio

Factor Driven - Sector-Based Momentum

Product Details

PowerShares DWA Energy Momentum Portfolio (Fund) is based on the DWA Energy Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 common stocks from a universe of approximately 3,000 common stocks traded on US exchanges. The Fund and the Index are rebalanced and reconstituted quarterly.

Effective Feb. 19, 2014, changes to the Fund’s name, investment objective, investment policy, investment strategies, Index and index provider were made. Dorsey Wright & Associates, LLC replaced NYSE Arca, Inc. as the index provider for the Fund, and the name of the Index changed from Dynamic Energy Sector IntellidexSM Index to DWA Energy Technical Leaders Index. In addition, the name of the Fund changed from PowerShares Dynamic Energy Sector Portfolio to PowerShares DWA Energy 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 Energy Technical Leaders Index 6.50 N/A N/A N/A N/A N/A
Dynamic Energy Sector Intellidex Index 3.37 17.27 11.15 29.55 N/A 12.76
S&P 500 Energy Index 0.79 14.41 5.74 16.45 12.96 8.62
Dow Jones U.S. Oil & Gas Index 1.39 15.29 5.96 16.95 N/A 8.95
Fund History (%)
Fund NAV 3.98 17.33 10.62 28.84 N/A 12.17
After Tax Held 3.98 17.15 10.44 28.65 N/A 12.04
After Tax Sold 2.25 9.92 8.29 24.09 N/A 9.97
Fund Market Price 4.08 17.31 10.63 28.88 N/A 12.19

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. 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.


as of 03/31/2014

Growth of $10,000

Data beginning Fund inception and ending 03/31/2014.

DWA Energy Technical Leaders Index* performance prior to Feb. 19, 2014 reflects that of the original Underlying Index Dynamic Energy Sector Intellidex Index. From Feb. 19, 2014, forward, the Index performance reflects that of the Underlying Index DWA Energy Technical Leaders Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

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 04/16/2014

Industry Allocations

as of 04/11/2014

Market Cap & Style Allocations

Large-Cap Growth 16.55%
Large-Cap Value 16.01%
Mid-Cap Growth 10.70%
Mid-Cap Value 2.76%
Mid-Cap Blend 16.35%
Small-Cap Growth 19.72%
Small-Cap Value 5.19%
Small-Cap Blend 12.72%

as of 04/16/2014 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
LNG Cheniere Energy Inc 6.62
CLR Continental Resources Inc/OK 6.31
GPOR Gulfport Energy Corp 4.58
WLL Whiting Petroleum Corp 4.50
WNR Western Refining Inc 4.00
WMB Williams Cos Inc/The 3.93
MPC Marathon Petroleum Corp 3.89
VLO Valero Energy Corp 3.73
PDCE PDC Energy Inc 3.45
CLB Core Laboratories NV 3.33

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/20/2013 12/24/2013 12/31/2013 0.08087 0.08087 - - -
09/20/2013 09/24/2013 09/30/2013 0.06214 0.06214 - - -
06/21/2013 06/25/2013 06/28/2013 0.18287 0.18287 - - -
03/15/2013 03/19/2013 03/28/2013 0.09225 0.09225 - - -
12/21/2012 12/26/2012 12/31/2012 0.41471 0.41471 - - -
09/21/2012 09/25/2012 09/28/2012 0.05700 0.05700 - - -
06/15/2012 06/19/2012 06/29/2012 0.09723 0.09723 - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - -
12/16/2011 12/20/2011 12/30/2011 0.03368 0.03368 - - -
09/16/2011 09/20/2011 09/30/2011 0.05964 0.05964 - - -
06/17/2011 06/21/2011 06/30/2011 0.15158 0.15158 - - -
12/17/2010 12/21/2010 12/31/2010 0.12684 0.12684 - - -
09/17/2010 09/21/2010 09/30/2010 0.04326 0.04326 - - -
06/18/2010 06/22/2010 06/30/2010 0.04473 0.04473 - - -
12/18/2009 12/22/2009 12/31/2009 0.08661 0.08661 - - -
09/18/2009 09/22/2009 09/30/2009 0.08973 0.08973 - - -
06/19/2009 06/23/2009 06/30/2009 0.05309 0.05309 - - -
09/19/2008 09/23/2008 09/30/2008 0.03672 0.03672 - - -
06/20/2008 06/24/2008 06/30/2008 0.09883 0.09883 - - -
03/20/2008 03/25/2008 03/31/2008 0.00394 0.00394 - - -
12/21/2007 12/26/2007 12/31/2007 0.00191 0.00191 - - -
09/21/2007 09/25/2007 09/28/2007 0.04850 0.04850 - - -
06/15/2007 06/19/2007 06/29/2007 0.02896 0.02896 - - -
03/16/2007 03/20/2007 03/30/2007 0.00830 0.00830 - - -
12/15/2006 12/19/2006 12/29/2006 0.02386 0.02386 - - -

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 0 0 0 0 1 0
12/31/2013 64 0 0 0 0 0 0
09/30/2013 64 0 0 0 0 0 0
06/30/2013 64 0 0 0 0 0 0
Year Ended 2013 252 0 0 0 1 0 0

Fund Inception: 10/12/2006

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.

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 momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole, or that the returns on securities that have previously exhibited price momentum are less than returns on other styles of investing.

Investments focused in a particular industry or sector, such as the energy sector, and the oil and gas services industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The S&P 500® Energy Index and the Dow Jones U.S. Oil & Gas Index are unmanaged indexes considered representative of the energy market and the oil and gas industry, respectively. The Dynamic Energy Sector Intellidex Index evaluates companies based on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value.

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. A determination that any portion of an investor's portfolio should be devoted to any product developed by PowerShares with reference to a Dorsey Wright index or trademark is a determination made solely by the investment advisor serving the investor or the investor himself, not Dorsey Wright.

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 04/17/2014
3:59 PM EST

PXI

  • Last Trade $60.27
  • Current IIV $60.19
  • Change $0.49
  • % Change 0.82%
as of 04/16/2014
  • NAV at market close $59.72
as of 04/16/2014

Yield

  • SEC 30 Day Yield 0.48%
  • 12 Month Yield 0.55%
  • 30-Day SEC Unsubsidized Yield
    as of 04/16/2014
    0.47%
as of 04/16/2014

Closing

  • Closing Price $59.78
  • Bid/Ask Midpoint $59.73
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.02%
as of 03/31/2014

Fund Characteristics

  • Price/Earnings Ratio1 33.39
  • Price/Book Ratio1 2.73
  • ROE2 -7.496%
  • Avg Market Cap2 $15,381MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PXI
  • CUSIP # 73935X385
  • ISIN US73935X3851
  • Intraday NAV PXIIV
  • Index Ticker DWENTR
  • Index Provider Dorsey Wright & Associates, LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.69%
  • Fee Waiver 0.03%
  • Net Expense Ratio 0.66%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 10/12/2006
  • # of Holdings 34
    as of 04/16/2014
as of 04/17/2014

Quick Facts

  • Previous Close $59.78
  • Open $60.01
  • Today's High $60.43
  • Today's Low $59.65
  • Today's Volume 35,740
  • 52 Week High $60.43
  • 52 Week Low $45.19
  • Shares Outstanding 3.40MM
  • Market Value $203.0MM