PowerShares ETFs

FXEP - PowerShares Developed EuroPacific Currency Hedged Low Volatility Portfolio

Equity - International and Global Equity
Discover the power of low volatility investing

Product Details

The PowerShares Developed EuroPacific Currency Hedged Low Volatility Portfolio (Fund) is based on the S&P EPAC Ex. Korea Low Volatility USD Hedged Index. The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is composed of the 200 least volatile stocks in the S&P EPAC ex. Korea LargeMidCap Index. The constituents are weighted relative to the inverse of their volatility with the least volatile stocks receiving the highest weighting. The Index holdings are then 100% currency hedged to the US dollar using rolling one month forward contracts that are adjusted monthly. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index constituents are rebalanced and reconstituted after the close on the third Friday of March, June, September and December.

Effective on Friday, December 22, 2017, the Fund will be liquidated and it will be its final day of trading. Please see the Fund's prospectus for further information.

as of 11/30/2017 09/30/2017


  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P EPAC Ex Korea Low Volatility USD Hedged Index 11.47 9.30 N/A N/A N/A 8.93
MSCI EAFE Local Index 11.16 19.02 7.87 12.26 2.62 8.69
S&P EPAC Ex Korea Low Volatility USD Hedged Index 14.72 17.65 N/A N/A N/A 9.67
MSCI EAFE Local Index 13.86 19.02 7.59 11.89 3.05 9.21
Fund History (%)
Fund NAV 11.57 9.29 N/A N/A N/A 8.45
After Tax Held 10.89 7.70 N/A N/A N/A 7.12
After Tax Sold 6.55 5.71 N/A N/A N/A 6.10
Fund Market Price 11.89 8.81 N/A N/A N/A 8.35
Fund NAV 14.75 17.60 N/A N/A N/A 9.20
After Tax Held 14.04 15.90 N/A N/A N/A 7.97
After Tax Sold 8.34 10.40 N/A N/A N/A 6.70
Fund Market Price 15.16 17.61 N/A N/A N/A 9.14

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 09/30/2017

Growth of $10,000

Data beginning Fund inception and ending 09/30/2017. 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 12/07/2017

Market Cap & Style Allocations

Large-Cap Value 29.33%
Large-Cap Blend 23.52%
Large-Cap Growth 25.48%
Mid-Cap Value 11.21%
Mid-Cap Blend 8.63%
Mid-Cap Growth 1.83%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 12/08/2017 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
USD Currency Contract - USD 27.79
EUR Currency Contract - EUR 27.49
USD Currency Contract - USD 17.16
JPY Currency Contract - JPY 17.05
USD Currency Contract - USD 9.52
SGD Currency Contract - SGD 9.50
USD Currency Contract - USD 9.36
GBP Currency Contract - GBP 9.28
USD Currency Contract - USD 7.14

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Ordinary Income Short Term Gains Long Term Gains Return of Capital
06/16/2017 06/20/2017 06/30/2017 0.38021 0.38021 - - -
03/17/2017 03/21/2017 03/31/2017 0.02383 0.02383 - - -
12/16/2016 12/20/2016 12/30/2016 0.81760 0.81760 - - -
09/16/2016 09/20/2016 09/30/2016 0.21512 0.21512 - - -
06/17/2016 06/21/2016 06/30/2016 0.28808 0.28808 - - -
03/18/2016 03/22/2016 03/31/2016 0.06392 0.06392 - - -
12/24/2015 12/29/2015 12/31/2015 0.10292 - 0.04206 0.06086 -
12/18/2015 12/22/2015 12/31/2015 0.22016 0.22016 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Days 0.00-
09/30/2017 63 8 2 0 0 0 0
06/30/2017 63 35 7 1 0 0 0
03/31/2017 62 34 8 0 0 0 0
12/31/2016 63 21 9 0 1 0 1
Year Ended 2016 252 75 40 30 6 1 1
    Bid/Ask Midpoint Below NAV
Days 0.00-
09/30/2017 63 41 10 2 0 0 0
06/30/2017 63 11 5 4 0 0 0
03/31/2017 62 16 3 1 0 0 0
12/31/2016 63 20 10 1 0 0 0
Year Ended 2016 252 64 26 9 0 0 0

Fund Inception: 10/09/2015

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

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

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

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

Currency hedging can reduce or eliminate losses or gains and can also be subject to imperfect matching between the derivative and its reference asset. There is no assurance the Fund's hedging strategy will be effective. Some foreign currency forward contracts are less liquid, which may result in the Fund being unable to structure its hedging transactions as intended and may be unable to obtain sufficient liquidity in an underlying currency. As a result, the Fund's hedging transactions may not successfully reduce the currency risk included in the Fund's portfolio.

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 may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.

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

There is no assurance that the Fund will provide low volatility.

The MSCI EAFE Local Currency Index captures large- and mid-cap representation across developed market countries around the world, excluding the US and Canada, and provides local currency returns, which are not translated back to US dollars. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco PowerShares Capital Management LLC (PowerShares). The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PowerShares by Invesco. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

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 12/08/2017
12:00 AM EST

Intraday Stats

  • Last Trade $28.61
  • Current IIV $29.00
  • Change $0.00
  • % Change 0.00%
as of 12/08/2017
  • NAV at market close $28.97

as of 12/08/2017

Fund Yield

  • SEC 30 Day Yield 2.71%
  • 12 Month Distribution Rate 4.22%
  • 30-Day SEC Unsubsidized Yield
    as of 12/07/2017
as of 12/06/2017

Prior Close

  • Closing Price $28.61
  • Bid/Ask Midpoint $28.96
  • Bid/Ask Prem/Disc -$0.01
  • Bid/Ask Prem/Disc -0.03%
as of 09/30/2017

Fund Characteristics

  • Price/Earnings Ratio1 18.28
  • Price/Book Ratio1 1.84
  • ROE2 15.49%
  • Avg Market Cap2 $30,958MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker FXEP
  • CUSIP # 73937B548
  • ISIN US73937B5488
  • Intraday NAV FXEPIV
  • Index Ticker SPEXLUNH
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.25%
  • Total Expense Ratio 0.25%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 10/09/2015
  • # of Holdings 219
    as of 12/08/2017
as of 12/08/2017

Quick Facts

  • Previous Close $28.61
  • Open -
  • Today's High -
  • Today's Low -
  • Today's Volume -
  • N/A 30-Day Avg Trading
  • 52 Week High $29.03
  • 52 Week Low $24.99
  • Shares Outstanding .05MM
  • Market Value $1.4MM