Exchange-Traded Funds (ETFs)

DWAQ - PowerShares DWA NASDAQ Momentum Portfolio

Factor Driven - Broad-Based Momentum

Product Details

The PowerShares DWA NASDAQ Momentum Portfolio (Fund) is based on Dorsey Wright NASDAQ 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 chosen from a universe of approximately 1,000 common stocks having the largest market capitalizations and traded on the NASDAQ exchange. All securities in the universe are ranked using a proprietary relative strength (momentum) measure. Each security's score is based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities. The top 100 securities are selected for the Index. The Fund and the Index are rebalanced and reconstituted quarterly.

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 (%)
Dorsey Wright NASDAQ Technical Leaders Index 1.43 1.43 21.97 N/A N/A N/A
NASDAQ Composite Index 13.40 13.40 22.05 15.85 8.09 10.53
Dynamic OTC Intellidex Index 16.37 16.37 22.66 16.13 6.92 10.22
Fund History (%)
Fund NAV 3.03 3.03 17.13 12.66 5.04 8.42
After Tax Held 3.03 3.03 16.99 12.57 4.99 8.38
After Tax Sold 1.72 1.72 13.51 10.15 4.03 6.98
Fund Market Price 3.19 3.19 17.14 12.68 5.05 8.42

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 10 years prior to the ending date of 12/31/2014. Fund performance shown at NAV.

Dorsey Wright NASDAQ Technical Leaders Index* performance prior to Feb. 19, 2014 reflects that of the original Underlying Index Dynamic OTC Intellidex Index. From Feb. 19, 2014, forward, the Index performance reflects that of the Underlying Index Dorsey Wright NASDAQ 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 03/27/2015

Sector Allocation

as of 03/26/2015

Market Cap & Style Allocations

Large-Cap Value 0.54%
Large-Cap Blend 0.79%
Large-Cap Growth 23.15%
Mid-Cap Value 0.86%
Mid-Cap Blend 2.96%
Mid-Cap Growth 22.83%
Small-Cap Value 0.58%
Small-Cap Blend 9.81%
Small-Cap Growth 38.48%

as of 03/27/2015 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
AAPL Apple Inc 3.02
JAZZ Jazz Pharmaceuticals PLC 2.96
REGN Regeneron Pharmaceuticals Inc 2.68
HSIC Henry Schein Inc 2.65
PZZA Papa John's International Inc 2.42
SWKS Skyworks Solutions Inc 2.15
CACC Credit Acceptance Corp 1.97
MKTX MarketAxess Holdings Inc 1.92
MDXG MiMedx Group Inc 1.89
BIDU Baidu Inc ADR 1.64

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 - - - - -
12/20/2013 12/24/2013 12/31/2013 0.08196 0.08196 - - -
09/20/2013 09/24/2013 09/30/2013 0.08801 0.08801 - - -
06/21/2013 06/25/2013 06/28/2013 0.09746 0.09746 - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - -
12/21/2012 12/26/2012 12/31/2012 0.63338 0.63338 - - -
09/21/2012 09/25/2012 09/28/2012 0.06956 0.06956 - - -
06/15/2012 06/19/2012 06/29/2012 0.10296 0.10296 - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - -
12/16/2011 12/20/2011 12/30/2011 0.03533 0.03533 - - -
12/17/2010 12/21/2010 12/31/2010 0.09807 0.09807 - - -
09/17/2010 09/21/2010 09/30/2010 0.01329 0.01329 - - -
09/18/2009 09/22/2009 09/30/2009 0.00384 0.00384 - - -
06/19/2009 06/23/2009 06/30/2009 0.04762 0.04762 - - -
12/21/2007 12/26/2007 12/31/2007 0.05711 0.05711 - - -
09/16/2005 09/20/2005 09/30/2005 0.05663 0.05663 - - -

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: 05/01/2003

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.

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

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.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment 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 NASDAQ Composite Index measures all NASDAQ domestic and international-based common stocks listed on The Nasdaq Stock Market. The Dynamic OTC Intellidex Index seeks to identify and select companies from The NASDAQ Stock Market LLC with superior risk-return profiles.

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 03/27/2015
2:41 PM EST

DWAQ
Intraday Stats

  • Last Trade $76.41
  • Current IIV $72.17
  • Change $0.87
  • % Change 1.16%
as of 03/27/2015
  • NAV at market close $76.59
as of 03/27/2015

Fund Yield

  • SEC 30 Day Yield -0.22%
  • 30-Day SEC Unsubsidized Yield
    as of 03/26/2015
    -0.57%
as of 03/27/2015

Prior Close

  • Closing Price $75.54
  • Bid/Ask Midpoint $76.61
  • Bid/Ask Prem/Disc $0.02
  • Bid/Ask Prem/Disc 0.03%
as of 12/31/2014

Fund Characteristics

  • Price/Earnings Ratio1 31.12
  • Price/Book Ratio1 5.40
  • ROE2 17.75%
  • Avg Market Cap2 $30,949MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker DWAQ
  • CUSIP # 73935X203
  • ISIN US73935X2036
  • Intraday NAV DWAQIV
  • Index Ticker DWANQTLT
  • Index Provider Dorsey Wright & Associates, LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.92%
  • Fee Waiver 0.32%
  • Net Expense Ratio 0.60%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 05/01/2003
  • # of Holdings 100
    as of 03/27/2015
as of 03/27/2015

Quick Facts

  • Previous Close $75.54
  • Open $76.15
  • Today's High $76.41
  • Today's Low $76.15
  • Today's Volume 903
  • 52 Week High $79.70
  • 52 Week Low $60.58
  • Shares Outstanding .40MM
  • Market Value $30.6MM

Materials & Resources