Exchange-Traded Funds (ETFs)

PCEF - PowerShares CEF Income Composite Portfolio

Income - Hybrid Income

Product Details

The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

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 (%)
S-Network Composite Closed-End Fund Index 4.13 3.15 7.52 N/A N/A 8.48
Fund History (%)
Fund NAV 3.97 2.59 6.91 N/A N/A 7.94
After Tax Held 3.03 -0.22 4.32 N/A N/A 5.44
After Tax Sold 2.24 1.56 4.30 N/A N/A 5.19
Fund Market Price 3.88 2.40 6.97 N/A N/A 7.96

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 The results assume that no cash was added to or assets withdrawn from the Index.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 04/22/2014 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PCI PIMCO Dynamic Credit Income Fund 3.89
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fun 3.66
ACG AllianceBernstein Income Fund Inc 2.45
EVV Eaton Vance Limited Duration Income Fund 2.18
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund 2.06
FAX Aberdeen Asia-Pacific Income Fund Inc 2.05
BDJ BlackRock Enhanced Equity Dividend Trust 2.03
BTZ BlackRock Credit Allocation Income Trust 2.02
DSL DoubleLine Income Solutions Fund 1.99
HYT BlackRock Corporate High Yield Fund Inc 1.87

as of 04/22/2014

Investment Categories

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
04/15/2014 04/17/2014 04/30/2014 0.17016 0.17016 - - -
03/14/2014 03/18/2014 03/31/2014 0.17250 0.17250 - - -
02/14/2014 02/19/2014 02/28/2014 0.17250 0.17250 - - -
01/15/2014 01/17/2014 01/31/2014 0.17000 0.17000 - - -
12/13/2013 12/17/2013 12/31/2013 0.17680 0.17680 - - -
11/15/2013 11/19/2013 11/29/2013 0.16675 0.16675 - - -
10/15/2013 10/17/2013 10/31/2013 0.16637 0.16637 - - -
09/13/2013 09/17/2013 09/30/2013 0.16409 0.16409 - - -
08/15/2013 08/19/2013 08/30/2013 0.16256 0.16256 - - -
07/15/2013 07/17/2013 07/31/2013 0.16178 0.16178 - - -
06/14/2013 06/18/2013 06/28/2013 0.16476 0.16476 - - -
05/15/2013 05/17/2013 05/31/2013 0.14550 0.14550 - - -
04/15/2013 04/17/2013 04/30/2013 0.16338 0.16338 - - -
03/15/2013 03/19/2013 03/28/2013 0.16498 0.16498 - - -
02/15/2013 02/20/2013 02/28/2013 0.17386 0.17386 - - -
01/15/2013 01/17/2013 01/31/2013 0.16894 0.16894 - - -
12/14/2012 12/18/2012 12/31/2012 0.16402 0.16402 - - -
11/15/2012 11/19/2012 11/30/2012 0.16482 0.16482 - - -
10/15/2012 10/17/2012 10/31/2012 0.14495 0.14495 - - -
09/14/2012 09/18/2012 09/28/2012 0.14530 0.14530 - - -
08/15/2012 08/17/2012 08/31/2012 0.15010 0.15010 - - -
07/13/2012 07/17/2012 07/31/2012 0.15033 0.15033 - - -
06/15/2012 06/19/2012 06/29/2012 0.15035 0.15035 - - -
05/15/2012 05/17/2012 05/31/2012 0.13444 0.13444 - - -
04/13/2012 04/17/2012 04/30/2012 0.16008 0.16008 - - -
03/15/2012 03/19/2012 03/30/2012 0.16538 0.16538 - - -
02/15/2012 02/17/2012 02/29/2012 0.16552 0.16552 - - -
01/13/2012 01/18/2012 01/31/2012 0.16326 0.16326 - - -
12/27/2011 12/29/2011 12/30/2011 0.07996 0.06576 - 0.01420 -
12/15/2011 12/19/2011 12/30/2011 0.30249 0.30249 - - -
11/15/2011 11/17/2011 11/30/2011 0.14100 0.14100 - - -
10/14/2011 10/18/2011 10/31/2011 0.14488 0.14488 - - -
09/15/2011 09/19/2011 09/30/2011 0.14419 0.14419 - - -
08/15/2011 08/17/2011 08/31/2011 0.14600 0.14600 - - -
07/15/2011 07/19/2011 07/29/2011 0.14245 0.14245 - - -
06/15/2011 06/17/2011 06/30/2011 0.15120 0.15120 - - -
05/13/2011 05/17/2011 05/31/2011 0.15204 0.15204 - - -
04/15/2011 04/19/2011 04/29/2011 0.16726 0.16726 - - -
03/15/2011 03/17/2011 03/31/2011 0.16562 0.16562 - - -
02/15/2011 02/17/2011 02/28/2011 0.16584 0.16584 - - -
01/14/2011 01/19/2011 01/31/2011 0.16662 0.16662 - - -
12/28/2010 12/30/2010 12/31/2010 0.05892 0.05892 - - -
12/15/2010 12/17/2010 12/31/2010 0.22897 0.22897 - - -
11/15/2010 11/17/2010 11/30/2010 0.18265 0.18265 - - -
10/15/2010 10/19/2010 10/29/2010 0.18411 0.18411 - - -
09/15/2010 09/17/2010 09/30/2010 0.18746 0.18746 - - -
08/13/2010 08/17/2010 08/31/2010 0.17946 0.17946 - - -
07/15/2010 07/19/2010 07/30/2010 0.18087 0.18087 - - -
06/15/2010 06/17/2010 06/30/2010 0.17970 0.17970 - - -
05/14/2010 05/18/2010 05/28/2010 0.18074 0.18074 - - -
04/15/2010 04/19/2010 04/30/2010 0.18000 0.18000 - - -
03/15/2010 03/17/2010 03/31/2010 0.18240 0.18240 - - -

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 0 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 1
Year Ended 2013 252 0 0 0 0 0 1

Fund Inception: 02/19/2010

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

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 market value of the shares of closed-end investment companies may differ from their NAV. In addition, the shares of closed-end investment companies frequently trade at a discount to their NAV. As an investor in closed-end investment companies, the Fund would bear its ratable share of those closed end investment companies' fees and expenses, including its investment advisory and administration fees, while continuing to pay its own advisory and administration fees and other expenses. As a result, shareholders will be absorbing duplicate levels of fees with respect to investments in closed-end investment companies.

The securities of closed-end investment companies in which the Fund may invest may be leveraged. As a result, the Fund may be indirectly exposed to leverage through an investment in such securities.

An investment in securities of closed-end investment companies that use leverage may expose the Fund to higher volatility in the market value of such securities and the possibility that the Fund's long-term returns on such securities (and, indirectly, the long-term returns of the Shares) will be diminished.

Investment in the Underlying Funds may subject the Fund to the following risks: Interest Rate Risk; Credit Risk; Options Risk; Senior Loans Risk; Foreign and Emerging Market Securities Risk; Liquidity Risk; Industry Concentration Risk; Inflation Risk; Deflation Risk; Derivatives Risk; Leverage Risk; Counterparty Risk; Mortgage- and Asset-Backed Securities Risk; Small and Medium Capitalization Company Risk; Developments in Financial Markets; Anti-Takeover Provisions Risk; Non-investment grade securities risk. See the prospectus for additional risk information.

The Fund's investments in stock index futures contracts will cause it to be deemed to be a commodity pool, thereby subjecting the Fund to regulation under the Commodity Exchange Act and Commodity Futures Trading Commission (CFTC) rules. The Adviser is registered as a Commodity Pool Operator (CPO), and the Fund will be operated in accordance with CFTC rules. Registration as a CPO subjects the registrant to additional laws, regulations and enforcement policies, all of which could increase compliance costs and may affect the operations and financial performance of funds whose adviser is required to register as a CPO. Registration as a commodity pool may have negative effects on the ability of the Fund to engage in its planned investment program.

The Fund pursues its investment objective by investing its assets in the Underlying Funds. The Fund's investment performance, because it is a fund of funds, depends on the investment performance of the Underlying Funds in which it invests. An investment in the Fund is subject to the risks associated with the Underlying Funds that comprise the Underlying Index. The Fund will indirectly pay a proportional share of the fees of the Underlying Funds in which it invests. At times, certain of the segments of the market represented by constituent Underlying Funds in the Underlying Index may be out of favor and underperform other segments.

S-Network Global Indexes, LLCSM and S-Network Composite Closed-End Fund IndexSM are service marks of S-Network Global Indexes LLC and have been licensed for use by Invesco PowerShares Capital Management LLC. The PowerShares CEF Income Composite Portfolio is not sponsored, endorsed, sold or promoted by S-Network Global Indexes LLC and S-Network Global Indexes LLC makes no representation regarding the advisability of investing in the PowerShares CEF Income Composite Portfolio. Invesco PowerShares Capital Management LLC is not affiliated with S-Network Global Indexes LLC.

as of 04/23/2014
3:50 PM EST

PCEF

  • Last Trade $24.88
  • Current IIV $24.89
  • Change $0.07
  • % Change 0.28%
as of 04/22/2014
  • NAV at market close $24.83
as of 04/22/2014

Yield

  • SEC 30 Day Yield 7.39%
  • Distribution Yield 8.22%
  • 12 Month Yield 8.03%
  • 30-Day SEC Unsubsidized Yield
    as of 04/17/2014
    N/A
as of 04/22/2014

Closing

  • Closing Price $24.81
  • Bid/Ask Midpoint $24.82
  • Bid/Ask Prem/Disc -$0.01
  • Bid/Ask Prem/Disc -0.04%
as of 04/22/2014

Avg Premium/Discount

  • Current -7.08%
  • 52-Week Average -7.36%
  • 52-Week High -2.66%
  • 52-Week Low -9.79%

Fund Details

  • Fund Ticker PCEF
  • CUSIP # 73936Q843
  • ISIN US73936Q8437
  • Intraday NAV PCEFIV
  • Index Ticker CEFXTR
  • Index Provider S-Network Global Indexes, LLC
  • Management Fee 0.50%
  • Acquired Fund Fees & Expenses 1.27%
  • Total Expense Ratio 1.77%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 02/19/2010
  • # of Holdings 153
    as of 04/22/2014
as of 04/23/2014

Quick Facts

  • Previous Close $24.81
  • Open $24.85
  • Today's High $24.90
  • Today's Low $24.83
  • Today's Volume 88,805
  • 52 Week High $26.65
  • 52 Week Low $23.32
  • Shares Outstanding 22.75MM
  • Market Value $564.8MM