PowerShares ETFs

PGF - PowerShares Financial Preferred Portfolio

Equity - US Equity

Product Details

The PowerShares Financial Preferred Portfolio (Fund) is based on the Wells Fargo® Hybrid and Preferred Securities Financial Index (WHPSF Index). The Fund generally will invest at least 90% of its total assets in preferred securities of financial institutions that comprise the Index. The Index is a market capitalization weighted index designed to track the performance of preferred securities traded in the US market by financial institutions. The Index is composed of preferred securities with either fixed or floating rate dividends issued by financial institutions that have received an industrial sector classification of "financial" from the Bloomberg Professional Service. The Fund and the Index are rebalanced and reconstituted monthly.

as of 06/30/2016

Morningstar Rating

Overall Rating - ETF Preferred Stock Category

As of 06/30/2016 the Fund had an overall rating of 4 stars out of 8 funds and was rated 5 stars out of 8 funds, 3 stars out of 4 funds and N/A stars out of N/A funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effect of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable. ©2016 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. A fund is eligible for a Morningstar Rating three years after inception. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings for other share classes may differ due to different performance characteristics.

as of 06/30/2016 06/30/2016

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
WHPSF Index 4.87 12.14 8.85 8.29 N/A 5.38
S&P U.S. Preferred Stock Index 5.10 8.57 7.54 7.11 N/A 5.17
WHPSF Index 4.87 12.14 8.85 8.29 N/A 5.38
S&P U.S. Preferred Stock Index 5.10 8.57 7.54 7.11 N/A 5.17
Fund History (%)
Fund NAV 4.82 11.79 8.65 7.75 N/A 4.44
After Tax Held 3.50 9.64 6.92 6.22 N/A 3.07
After Tax Sold 2.69 7.18 6.34 5.91 N/A 3.40
Fund Market Price 4.87 11.91 8.67 7.78 N/A 4.37
Fund NAV 4.82 11.79 8.65 7.75 N/A 4.44
After Tax Held 3.50 9.64 6.92 6.22 N/A 3.07
After Tax Sold 2.69 7.18 6.34 5.91 N/A 3.40
Fund Market Price 4.87 11.91 8.67 7.78 N/A 4.37

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 06/30/2016

Growth of $10,000

Data beginning Fund inception and ending 06/30/2016. 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.

Quality Allocations as of 07/29/2016

S&P Moody's
A : 2% A : 4%
BBB : 56% Baa : 63%
BB : 37% Ba : 30%
B : 3% B : 3%
Not Rated : 2% Not Rated : 0%

Cash is excluded from the credit rating quality allocations table.

as of 07/29/2016Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date Next Call Date S&P / Moody's Rating† Weight
HSBC Holdings PLC 8.00% 08/30/2016 BBB-/Baa1 6.86%
Wells Fargo & Co 8.00% 12/15/2017 BBB/Baa2 3.22%
Barclays Bank PLC 8.12% 09/15/2016 BB/Ba2 3.15%
PNC Financial Services Group Inc/The 6.12% 05/01/2022 BBB-/Baa2 2.85%
BB&T Corp 5.62% 08/01/2017 BBB-/Baa1 2.82%
HSBC Holdings PLC 8.12% 08/30/2016 BBB-/Baa1 2.51%
Wells Fargo & Co 5.85% 09/15/2023 BBB/Baa2 2.40%
ING Groep NV 6.38% 09/15/2016 BB+/Baa3 2.18%
Citigroup Inc 6.88% 11/15/2023 BB+/Ba2 2.05%
JPMorgan Chase & Co 6.15% 09/01/2020 BBB-/Baa3 2.02%

Holdings are subject to change and are not buy/sell recommendations.

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
07/15/2016 07/19/2016 07/29/2016 0.08764 0.08764 - - -
06/15/2016 06/17/2016 06/30/2016 0.08670 0.08670 - - -
05/13/2016 05/17/2016 05/31/2016 0.09250 0.09250 - - -
04/15/2016 04/19/2016 04/29/2016 0.09252 0.09252 - - -
03/15/2016 03/17/2016 03/31/2016 0.09135 0.09135 - - -
02/12/2016 02/17/2016 02/29/2016 0.08828 0.08828 - - -
01/15/2016 01/20/2016 01/29/2016 0.08967 0.08967 - - -
12/15/2015 12/17/2015 12/31/2015 0.09250 0.09250 - - -
11/13/2015 11/17/2015 11/30/2015 0.08800 0.08800 - - -
10/15/2015 10/19/2015 10/30/2015 0.08788 0.08788 - - -
09/15/2015 09/17/2015 09/30/2015 0.08485 0.08485 - - -
08/14/2015 08/18/2015 08/31/2015 0.08700 0.08700 - - -
07/15/2015 07/17/2015 07/31/2015 0.08787 0.08787 - - -
06/15/2015 06/17/2015 06/30/2015 0.08941 0.08941 - - -
05/15/2015 05/19/2015 05/29/2015 0.08993 0.08993 - - -
04/15/2015 04/17/2015 04/30/2015 0.08600 0.08600 - - -
03/13/2015 03/17/2015 03/31/2015 0.08628 0.08628 - - -
02/13/2015 02/18/2015 02/27/2015 0.08688 0.08688 - - -
01/15/2015 01/20/2015 01/30/2015 0.08710 0.08710 - - -
12/15/2014 12/17/2014 12/31/2014 0.08776 0.08776 - - -
11/14/2014 11/18/2014 11/28/2014 0.09000 0.09000 - - -
10/15/2014 10/17/2014 10/31/2014 0.09000 0.09000 - - -
09/15/2014 09/17/2014 09/30/2014 0.09000 0.09000 - - -
08/15/2014 08/19/2014 08/29/2014 0.09020 0.09020 - - -
07/15/2014 07/17/2014 07/31/2014 0.09000 0.09000 - - -
06/13/2014 06/17/2014 06/30/2014 0.09021 0.09021 - - -
05/15/2014 05/19/2014 05/30/2014 0.09016 0.09016 - - -
04/15/2014 04/17/2014 04/30/2014 0.09000 0.09000 - - -
03/14/2014 03/18/2014 03/31/2014 0.09064 0.09064 - - -
02/14/2014 02/19/2014 02/28/2014 0.09060 0.09060 - - -
01/15/2014 01/17/2014 01/31/2014 0.09058 0.09058 - - -
12/13/2013 12/17/2013 12/31/2013 0.09500 0.09500 - - -
11/15/2013 11/19/2013 11/29/2013 0.09138 0.09138 - - -
10/15/2013 10/17/2013 10/31/2013 0.09000 0.09000 - - -
09/13/2013 09/17/2013 09/30/2013 0.09600 0.09600 - - -
08/15/2013 08/19/2013 08/30/2013 0.09230 0.09230 - - -
07/15/2013 07/17/2013 07/31/2013 0.09300 0.09300 - - -
06/14/2013 06/18/2013 06/28/2013 0.09202 0.09202 - - -
05/15/2013 05/17/2013 05/31/2013 0.09224 0.09224 - - -
04/15/2013 04/17/2013 04/30/2013 0.09500 0.09500 - - -
03/15/2013 03/19/2013 03/28/2013 0.09707 0.09707 - - -
02/15/2013 02/20/2013 02/28/2013 0.09508 0.09508 - - -
01/15/2013 01/17/2013 01/31/2013 0.09536 0.09536 - - -
12/14/2012 12/18/2012 12/31/2012 0.11570 0.11570 - - -
11/15/2012 11/19/2012 11/30/2012 0.09869 0.09869 - - -
10/15/2012 10/17/2012 10/31/2012 0.09078 0.09078 - - -
09/14/2012 09/18/2012 09/28/2012 0.09020 0.09020 - - -
08/15/2012 08/17/2012 08/31/2012 0.09032 0.09032 - - -
07/13/2012 07/17/2012 07/31/2012 0.09550 0.09550 - - -
06/15/2012 06/19/2012 06/29/2012 0.09600 0.09600 - - -
05/15/2012 05/17/2012 05/31/2012 0.09500 0.09500 - - -
04/13/2012 04/17/2012 04/30/2012 0.09630 0.09630 - - -
03/15/2012 03/19/2012 03/30/2012 0.09598 0.09598 - - -
02/15/2012 02/17/2012 02/29/2012 0.09725 0.09725 - - -
01/13/2012 01/18/2012 01/31/2012 0.09875 0.09875 - - -
12/15/2011 12/19/2011 12/30/2011 0.15447 0.15447 - - -
11/15/2011 11/17/2011 11/30/2011 0.09401 0.09401 - - -
10/14/2011 10/18/2011 10/31/2011 0.09541 0.09541 - - -
09/15/2011 09/19/2011 09/30/2011 0.09491 0.09491 - - -
08/15/2011 08/17/2011 08/31/2011 0.09650 0.09650 - - -
07/15/2011 07/19/2011 07/29/2011 0.09658 0.09658 - - -
06/15/2011 06/17/2011 06/30/2011 0.09956 0.09956 - - -
05/13/2011 05/17/2011 05/31/2011 0.09832 0.09832 - - -
04/15/2011 04/19/2011 04/29/2011 0.09827 0.09827 - - -
03/15/2011 03/17/2011 03/31/2011 0.10520 0.10520 - - -
02/15/2011 02/17/2011 02/28/2011 0.09845 0.09845 - - -
01/14/2011 01/19/2011 01/31/2011 0.09932 0.09932 - - -
12/15/2010 12/17/2010 12/31/2010 0.14199 0.14199 - - -
11/15/2010 11/17/2010 11/30/2010 0.10519 0.10519 - - -
10/15/2010 10/19/2010 10/29/2010 0.10599 0.10599 - - -
09/15/2010 09/17/2010 09/30/2010 0.10580 0.10580 - - -
08/13/2010 08/17/2010 08/31/2010 0.10295 0.10295 - - -
07/15/2010 07/19/2010 07/30/2010 0.09502 0.09502 - - -
06/15/2010 06/17/2010 06/30/2010 0.09935 0.09935 - - -
05/14/2010 05/18/2010 05/28/2010 0.09686 0.09686 - - -
04/15/2010 04/19/2010 04/30/2010 0.09856 0.09856 - - -
03/15/2010 03/17/2010 03/31/2010 0.10682 0.10682 - - -
02/12/2010 02/17/2010 02/26/2010 0.09690 0.09690 - - -
01/15/2010 01/20/2010 01/29/2010 0.09261 0.09261 - - -
12/15/2009 12/17/2009 12/31/2009 0.18735 0.18735 - - -
11/13/2009 11/17/2009 11/30/2009 0.09537 0.09537 - - -
10/15/2009 10/19/2009 10/30/2009 0.11220 0.11220 - - -
09/15/2009 09/17/2009 09/30/2009 0.12036 0.12036 - - -
08/14/2009 08/18/2009 08/31/2009 0.11242 0.11242 - - -
07/15/2009 07/17/2009 07/31/2009 0.11224 0.11224 - - -
06/15/2009 06/17/2009 06/30/2009 0.11039 0.11039 - - -
05/15/2009 05/19/2009 05/29/2009 0.11249 0.11249 - - -
04/15/2009 04/17/2009 04/30/2009 0.11404 0.11404 - - -
03/13/2009 03/17/2009 03/31/2009 0.12237 0.12237 - - -
02/13/2009 02/18/2009 02/27/2009 0.11817 0.11817 - - -
01/15/2009 01/20/2009 01/30/2009 0.11614 0.11614 - - -
12/15/2008 12/17/2008 12/31/2008 0.15366 0.15366 - - -
11/14/2008 11/18/2008 11/28/2008 0.12700 0.12700 - - -
10/15/2008 10/17/2008 10/31/2008 0.10796 0.10796 - - -
09/15/2008 09/17/2008 09/30/2008 0.12741 0.12741 - - -
08/15/2008 08/19/2008 08/29/2008 0.12672 0.12672 - - -
07/15/2008 07/17/2008 07/31/2008 0.12379 0.12379 - - -
06/13/2008 06/17/2008 06/30/2008 0.12115 0.12115 - - -
05/15/2008 05/19/2008 05/30/2008 0.12015 0.12015 - - -
04/15/2008 04/17/2008 04/30/2008 0.12384 0.12384 - - -
03/14/2008 03/18/2008 03/31/2008 0.12397 0.12397 - - -
02/15/2008 02/19/2008 02/29/2008 0.12405 0.12405 - - -
01/15/2008 01/17/2008 01/31/2008 0.12478 0.12478 - - -
12/14/2007 12/18/2007 12/31/2007 0.18870 0.18870 - - -
11/15/2007 11/19/2007 11/30/2007 0.11423 0.11423 - - -
10/15/2007 10/17/2007 10/31/2007 0.08669 0.08669 - - -
09/14/2007 09/18/2007 09/28/2007 0.11516 0.11516 - - -
08/15/2007 08/17/2007 08/31/2007 0.11319 0.11319 - - -
07/13/2007 07/17/2007 07/31/2007 0.11325 0.11325 - - -
06/15/2007 06/19/2007 06/29/2007 0.11307 0.11307 - - -
05/15/2007 05/17/2007 05/31/2007 0.11540 0.11540 - - -
04/13/2007 04/17/2007 04/30/2007 0.11205 0.11205 - - -
03/15/2007 03/19/2007 03/30/2007 0.11020 0.11020 - - -
02/15/2007 02/20/2007 02/28/2007 0.11250 0.11250 - - -
01/12/2007 01/16/2007 01/31/2007 0.11260 0.11260 - - -
12/15/2006 12/19/2006 12/29/2006 0.18568 0.18568 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
06/30/2016 64 54 0 0 0 0 0
03/31/2016 61 27 0 0 0 0 0
12/31/2015 64 54 0 0 0 0 0
09/30/2015 64 37 0 0 0 0 0
Year Ended 2015 252 156 1 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
06/30/2016 64 10 0 0 0 0 0
03/31/2016 61 34 0 0 0 0 0
12/31/2015 64 10 0 0 0 0 0
09/30/2015 64 26 1 0 0 0 0
Year Ended 2015 252 94 1 0 0 0 0

Fund Inception: 12/01/2006

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

† Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. Futures and other derivatives are not eligible for assigned credit ratings by any NRSRO and are excluded from quality allocations. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.

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 subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

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

Preferred securities may be less liquid than many other securities, and in certain circumstances, an issuer of preferred securities may redeem the securities prior to a specified date.

Variable- and floating-rate securities may be subject to liquidity risk, limiting the Fund's ability to sell securities. Due to the features of these securities, there can be no guarantee they will pay a certain level of a dividend and will generally pay lower levels of income in falling interest rate environment.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The Fund’s use of a representative sampling approach will result in its holding a smaller number of bonds than are in the underlying Index, and may be subject to greater volatility.

The Fund is non-diversified and may experience greater volatility than a more diversified investment. 

High yield securities involve greater risk and are less liquid than higher grade issues. Changes in general economic conditions, financial conditions of the issuers and in interest rates may adversely impact the ability of issuers to make timely payments of interest and principal.


The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

The S&P U.S. Preferred Stock Index is an unmanaged index consisting of U.S.-listed preferred stocks.

The Fund is not sponsored, issued or advised by Wells Fargo. Wells Fargo makes no representation or warranty, express or implied, to Fund investors or any member of the public regarding the performance of the Fund's Index or this Fund or the ability of any data supplied by Wells Fargo to track the performance of the securities referenced by the Fund's Index. Wells Fargo's only relationship to the Adviser is the licensing of certain trademarks and trade names of Wells Fargo and of the data supplied by Wells Fargo that is determined, composed and calculated by Wells Fargo without regard to this Fund or its common shares. Wells Fargo has no obligation to take the needs of the Fund into consideration when determining, composing or calculating the data. Wells Fargo has no obligation or liability in connection with the administration, marketing or trading of this Fund.

as of 07/29/2016
4:00 PM EST

PGF
Intraday Stats

  • Last Trade $19.38
  • Current IIV $19.33
  • Change $0.07
  • % Change 0.36%
as of 07/29/2016
  • NAV at market close $19.33
as of 07/29/2016

Fund Yield

  • SEC 30 Day Yield 5.39%
  • Distribution Rate 5.44%
  • 12 Month Distribution Rate 5.51%
  • 30-Day SEC Unsubsidized Yield
    as of 07/28/2016
    5.40%
as of 07/29/2016

Prior Close

  • Closing Price $19.31
  • Bid/Ask Midpoint $19.38
  • Bid/Ask Prem/Disc $0.05
  • Bid/Ask Prem/Disc 0.26%
as of 07/28/2016

Fund Characteristics

  • Effective Duration 4.66 yrs
  • Modified Duration 2.65 yrs
  • Weighted Avg Coupon 6.47%
  • Weighted Premium/Discount 9.41%
  • Strip Yield 6.00%
As of June 5, 2015, the source of the calculation for these fund characteristics was changed from Aladdin (BRS) to Bloomberg.

Fund Details

  • Fund Ticker PGF
  • CUSIP # 73935X229
  • ISIN US73935X2291
  • Intraday NAV PGFIV
  • Index Ticker WHPSF
  • Index Provider Wells Fargo & Company
  • Management Fee 0.50%
  • Total Expense Ratio 0.63%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 12/01/2006
  • # of Holdings 90
    as of 07/29/2016
as of 07/29/2016

Quick Facts

  • Previous Close $19.31
  • Open $19.32
  • Today's High $19.38
  • Today's Low $19.31
  • Today's Volume 520,156
  • 475,544 30-Day Avg Trading
    Volume
  • 52 Week High $19.38
  • 52 Week Low $12.24
  • Shares Outstanding 92.10MM
  • Market Value $1,780.5MM