PowerShares ETFs

CLTL - PowerShares Treasury Collateral Portfolio

Fixed Income - US Fixed Income

Product Details

The PowerShares Treasury Collateral Portfolio (the "Fund") is based on the ICE U.S. Treasury Short Bond Index (Index). The Fund will invest at least 80% of its total assets in the components of the Index. The Index measures the performance of US Treasury Obligations with a maximum remaining term to maturity of 12 months. The Fund is not a money market fund and does not attempt to maintain a stable net asset value (NAV). The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced and reconstituted monthly.

as of 04/30/2018 03/31/2018

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
ICE U.S. Treasury Short Bond Index 0.33 1.03 N/A N/A N/A 0.91
ICE U.S. Treasury Short Bond Index 0.45 1.10 N/A N/A N/A 0.95
Fund History (%)
Fund NAV 0.30 0.93 N/A N/A N/A 0.82
After Tax Held 0.30 0.62 N/A N/A N/A 0.56
After Tax Sold 0.18 0.53 N/A N/A N/A 0.51
Fund Market Price 0.33 0.94 N/A N/A N/A 0.81
Fund NAV 0.43 1.00 N/A N/A N/A 0.86
After Tax Held 0.43 0.69 N/A N/A N/A 0.62
After Tax Sold 0.25 0.57 N/A N/A N/A 0.55
Fund Market Price 0.45 1.00 N/A N/A N/A 0.85

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.

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 applicable 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 03/31/2018

Growth of $10,000

Data beginning Fund inception and ending 03/31/2018. 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 The results assume that no cash was added to or assets withdrawn from the Index.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 05/25/2018

S&P Moody's
AAA : 0% Aaa : 100%
AA : 100% Aa : 0%

Cash is excluded from the credit rating quality allocations table.

as of 05/25/2018 Maturity

Years % of Fund
0 - 1 years 100.00
1 - 5 years 0.00
5 - 10 years 0.00
10 - 15 years 0.00
15 - 20 years 0.00
20 - 25 years 0.00
25 years and over 0.00

as of 05/25/2018Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date Next Call Date S&P / Moody's Rating† Weight
United States Treasury Bill 0.00% 06/21/2018 N/A AA+u/Aaa 4.02%
United States Treasury Bill 0.00% 07/19/2018 N/A AA+u/Aaa 3.79%
United States Treasury Bill 0.00% 06/28/2018 N/A AA+u/Aaa 3.27%
United States Treasury Bill 0.00% 06/07/2018 N/A AA+u/Aaa 3.16%
United States Treasury Bill 0.00% 07/05/2018 N/A AA+u/Aaa 3.06%
United States Treasury Bill 0.00% 07/12/2018 N/A AA+u/Aaa 3.04%
United States Treasury Bill 0.00% 07/26/2018 N/A AA+u/Aaa 3.03%
United States Treasury Bill 0.00% 08/02/2018 N/A AA+u/Aaa 3.03%
United States Treasury Bill 0.00% 06/14/2018 N/A AA+u/Aaa 3.02%
United States Treasury Bill 0.00% 09/13/2018 N/A AA+u/Aaa 2.36%

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
12/18/2017 12/19/2017 12/29/2017 0.74684 0.74684 - - -

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%
03/31/2018 61 58 0 0 0 0 0
12/31/2017 63 55 0 0 0 0 0
09/30/2017 63 62 0 0 0 0 0
06/30/2017 63 61 0 0 0 0 0
Year Ended 2017 244 225 0 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%
03/31/2018 61 3 0 0 0 0 0
12/31/2017 63 8 0 0 0 0 0
09/30/2017 63 1 0 0 0 0 0
06/30/2017 63 2 0 0 0 0 0
Year Ended 2017 244 19 0 0 0 0 0

Fund Inception: 01/12/2017

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.

† 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.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.

Treasury securities are backed by the full faith and credit of the US government as to the timely payment of principal and interest. Although the Fund may hold securities that carry U.S. Government guarantees, these guarantees do not extend to Shares of the Fund.

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.

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.

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

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

The Fund is not a money market fund and does not attempt to maintain a stable net asset value ("NAV").

During periods of reduced market volatility or in the absence of readily available market quotations for the holdings of the Fund, the ability of the Fund to value its holdings becomes more difficult and the judgment of the Sub-Adviser may play a greater role in the valuation of the Fund's holdings due to reduced availability of reliable objective pricing data.

as of 05/21/2018
12:00 AM EST

CLTL
Intraday Stats

  • Last Trade $105.90
  • Current IIV $105.92
  • Change $0.00
  • % Change 0.00%
as of 05/25/2018
  • NAV at 12:00 pm ET $105.91
  • NAV at market close $105.93

as of 05/21/2018

Prior Close

  • Closing Price $105.90
  • Bid/Ask Midpoint $105.95
  • Bid/Ask Prem/Disc $0.02
  • Bid/Ask Prem/Disc 0.02%
as of 05/25/2018

Fund Characteristics

  • Effective Duration 0.35 yrs
  • Modified Duration 0.35 yrs
  • Yield to Maturity 1.88%
  • Yield to Worst 1.88%
  • Years to Maturity 0.35
  • Weighted Avg Life
  • Weighted Avg Coupon 0.61%
  • Weighted Premium/Discount -0.41%
  • Weighted Avg Price
    as of 05/25/2018
    99.59
  • Strip Yield 1.41%

Fund Details

  • Fund Ticker CLTL
  • CUSIP # 73937B373
  • ISIN US73937B3731
  • Intraday NAV CLTLIV
  • Index Ticker IDCOTS
  • Index Provider ICE
  • Management Fee 0.08%
  • Total Expense Ratio 0.08%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE
  • Inception Date 01/12/2017
  • # of Holdings 75
    as of 05/25/2018
as of 05/21/2018

Quick Facts

  • Previous Close $105.90
  • Open $0.00
  • Today's High $0.00
  • Today's Low $0.00
  • Today's Volume 997
  • N/A 30-Day Avg Trading
    Volume
  • 52 Week High $106.03
  • 52 Week Low $105.27
  • Shares Outstanding 4.42MM
  • Market Value $468.2MM