Exchange-Traded Funds (ETFs)

PXLV - PowerShares Fundamental Pure Large Value Portfolio

Alternatively Weighted - Fundamentals Weighted Equity

Product Details

The PowerShares Fundamental Pure Large Value Portfolio (Fund) is based on the RAFI® Fundamental Large Value Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is composed of common stocks of "large value" US companies, including real estate investment trusts (REITs), from a universe composed of the 2,500 largest US companies based on fundamental weight. The Fund and the Index are reconstituted annually.

On May 22, 2015, changes to the Fund's name, investment objective, investment policy, investment strategies, Index and index provider will be made. Frank Russell Company will replace Research Affiliates, LLC as the index provider for the Fund. The Index name will change from RAFI Fundamental Large Value Index to Russell Top 200 Pure Value Index. The Fund name will change from PowerShares Fundamental Pure Large Value Portfolio to PowerShares Russell Top 200 Pure Value Portfolio.

as of 12/31/2014 12/31/2014

Performance


   
as of 12/31/2014 12/31/2014
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
RAFI Fundamental Large Value Index 10.92 10.92 20.90 N/A N/A 16.56
Russell 1000 Value Index 13.45 13.45 20.89 15.42 7.30 16.88
Fund History (%)
Fund NAV 10.46 10.46 20.45 N/A N/A 16.09
After Tax Held 9.52 9.52 19.77 N/A N/A 15.37
After Tax Sold 5.91 5.91 16.03 N/A N/A 12.53
Fund Market Price 10.79 10.79 20.51 N/A N/A 16.23

Monthly Performance

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. Returns less than one year are cumulative.


as of 12/31/2014

Growth of $10,000

Data beginning Fund inception and ending 12/31/2014. 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 03/26/2015

Sector Allocation

as of 03/26/2015 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
XOM Exxon Mobil Corp 7.17
T AT&T Inc 5.30
CVX Chevron Corp 5.00
JPM JPMorgan Chase & Co 4.76
GE General Electric Co 4.62
BAC Bank of America Corp 4.27
PFE Pfizer Inc 3.85
VZ Verizon Communications Inc 3.52
C Citigroup Inc 3.35
PG Procter & Gamble Co/The 3.12

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
03/20/2015 03/24/2015 03/31/2015 0.14546 0.14546 - - -
12/19/2014 12/23/2014 12/31/2014 0.20504 0.20504 - - -
09/19/2014 09/23/2014 09/30/2014 0.12951 0.12951 - - -
06/20/2014 06/24/2014 06/30/2014 0.16723 0.16723 - - -
03/21/2014 03/25/2014 03/31/2014 0.10087 0.10087 - - -
12/24/2013 12/27/2013 12/30/2013 0.01467 0.01467 - - -
12/20/2013 12/24/2013 12/31/2013 0.19884 0.19884 - - -
09/20/2013 09/24/2013 09/30/2013 0.13062 0.13062 - - -
06/21/2013 06/25/2013 06/28/2013 0.11224 0.11224 - - -
03/15/2013 03/19/2013 03/28/2013 0.09491 0.09491 - - -
12/21/2012 12/26/2012 12/31/2012 0.16804 0.16804 - - -
09/21/2012 09/25/2012 09/28/2012 0.12429 0.12429 - - -
06/15/2012 06/19/2012 06/29/2012 0.11506 0.11506 - - -
03/16/2012 03/20/2012 03/30/2012 0.08287 0.08287 - - -
12/16/2011 12/20/2011 12/30/2011 0.12787 0.12787 - - -
09/16/2011 09/20/2011 09/30/2011 0.14381 0.14381 - - -

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%
12/31/2014 64 0 0 0 0 0 0
09/30/2014 64 0 0 0 0 0 0
06/30/2014 63 0 0 0 0 0 0
03/31/2014 61 0 0 0 0 0 0
Year Ended 2014 252 0 0 0 0 0 0

Fund Inception: 06/16/2011

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.

Although the Fund will not invest in real estate directly, the REITs in which the Fund will invest will be subject to risks inherent in the direct ownership of real estate.

A "value" style of investing emphasizes undervalued companies. There is a risk that the valuations may never improve or that the returns on "value" equity securities will decrease.

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.

Returns on investments of "fundamentally large" US companies could trail returns on investments of smaller companies or other large companies based on market capitalization.

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

The Russell 1000® Value Index is an unmanaged index considered representative of large-cap value stocks. The Russell 1000® Value Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co.

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

The RAFI® Fundamental Large Value Index is calculated by Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones Indexes" is a service mark of Dow Jones Trademark Holdings LLC ("Dow Jones"). The Index is not sponsored, endorsed, sold or promoted by CME Indexes, Dow Jones or their respective affiliates, and CME Indexes, Dow Jones and their respective affiliates make no representation regarding the advisability of investing in the Fund.

Neither CME Indexes nor Research Affiliates, LLC make any warranties, express or implied, to any of their customers nor anyone else regarding the accuracy or completeness of any data related to the Index. Neither CME Indexes nor Research Affiliates, LLC accept any liability for any errors or any loss arising from the use of this information.

The trade names Fundamental Index®,RAFI®, the RAFI logo, and the Research Affiliates corporate name and logo are registered trademarks and are the exclusive intellectual property of Research Affiliates, LLC. Any use of these trade names and logos without the prior written permission of Research Affiliates, LLC is expressly prohibited. Research Affiliates, LLC reserves.

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 03/27/2015
1:46 PM EST

PXLV
Intraday Stats

  • Last Trade $29.89
  • Current IIV $29.91
  • Change $0.03
  • % Change 0.12%
as of 03/26/2015
  • NAV at market close $29.90
as of 03/26/2015

Fund Yield

  • SEC 30 Day Yield 2.47%
  • Distribution Yield 1.95%
  • 12 Month Yield 2.16%
  • 30-Day SEC Unsubsidized Yield
    as of 03/26/2015
    2.25%
as of 03/26/2015

Prior Close

  • Closing Price $29.86
  • Bid/Ask Midpoint $29.91
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.03%
as of 12/31/2014

Fund Characteristics

  • Price/Earnings Ratio1 14.82
  • Price/Book Ratio1 1.66
  • ROE2 15.21%
  • Avg Market Cap2 $138,310MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PXLV
  • CUSIP # 739371201
  • ISIN US7393712010
  • Intraday NAV PXLVIV
  • Index Ticker RAFILVTR
  • Index Provider Research Affiliates, LLC
  • Management Fee 0.29%
  • Total Expense Ratio 1.05%
  • Fee Waiver 0.66%
  • Net Expense Ratio 0.39%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 06/16/2011
  • # of Holdings 92
    as of 03/26/2015
as of 03/27/2015

Quick Facts

  • Previous Close $29.86
  • Open $29.89
  • Today's High $29.89
  • Today's Low $29.89
  • Today's Volume 273
  • 52 Week High $32.20
  • 52 Week Low $27.91
  • Shares Outstanding 1.35MM
  • Market Value $40.4MM

Materials & Resources