PowerShares ETFs

FXJP - PowerShares Japan Currency Hedged Low Volatility Portfolio

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

Product Details

The PowerShares Japan Currency Hedged Low Volatility Portfolio (Fund) is based on the S&P Japan 500 Low Volatility USD Hedged Index (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 100 least volatile stocks in the S&P Japan 500 Index. The constituents are weighted relative to the inverse of their volatility with the least volatility 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.

as of 05/31/2017 03/31/2017

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P Japan 500 Low Volatility USD Hedged Index -1.54 6.94 N/A N/A N/A 2.54
MSCI Japan Local Currency Index -0.17 13.46 8.85 13.50 0.05 0.65
S&P Japan 500 Low Volatility USD Hedged Index 5.51 13.37 N/A N/A N/A 6.68
MSCI Japan Local Currency Index 3.13 14.69 9.98 18.29 0.10 2.59
Fund History (%)
Fund NAV -1.73 6.10 N/A N/A N/A 1.65
After Tax Held -1.73 5.94 N/A N/A N/A 1.39
After Tax Sold -0.98 3.97 N/A N/A N/A 1.36
Fund Market Price -0.68 10.13 N/A N/A N/A 1.92
Fund NAV 5.22 12.74 N/A N/A N/A 5.79
After Tax Held 5.22 12.59 N/A N/A N/A 5.54
After Tax Sold 2.96 7.73 N/A N/A N/A 4.50
Fund Market Price 5.38 12.79 N/A N/A N/A 5.46

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 03/31/2017

Growth of $10,000

Data beginning Fund inception and ending 03/31/2017. 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 06/22/2017

Market Cap & Style Allocations

Large-Cap Value 15.41%
Large-Cap Blend 20.73%
Large-Cap Growth 25.10%
Mid-Cap Value 12.40%
Mid-Cap Blend 18.35%
Mid-Cap Growth 8.01%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 04/03/2017 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
JAPANESE YEN 633.33
JPY Currency Contract - JPY 32.06
JPY Currency Contract - JPY 32.06
USD Currency Contract - USD 32.06
USD Currency Contract - USD 32.06
USD Currency Contract - USD 32.06
JPY Currency Contract - JPY 32.06
JPY Currency Contract - JPY 31.86
USD Currency Contract - USD 31.86
JPY Currency Contract - JPY 31.86

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
06/16/2017 06/20/2017 06/30/2017 0.17707 0.17707 - - -
12/16/2016 12/20/2016 12/30/2016 0.38925 0.38925 - - -
09/16/2016 09/20/2016 09/30/2016 - - - - -
06/17/2016 06/21/2016 06/30/2016 - - - - -
03/18/2016 03/22/2016 03/31/2016 - - - - -
12/24/2015 12/29/2015 12/31/2015 0.10531 - 0.04212 0.06319 -
12/18/2015 12/22/2015 12/31/2015 0.10051 0.10051 - - -

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%
03/31/2017 62 11 8 5 4 0 0
12/31/2016 63 6 5 8 0 0 0
09/30/2016 64 5 7 3 0 1 0
06/30/2016 64 3 6 4 2 0 0
Year Ended 2016 252 18 22 24 4 3 3
    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%
03/31/2017 62 11 13 8 1 1 0
12/31/2016 63 13 12 14 4 1 0
09/30/2016 64 4 13 20 8 2 1
06/30/2016 64 6 3 18 11 1 10
Year Ended 2016 252 30 34 65 26 5 18

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 Japanese economy has been adversely affected by trade tariffs and competition from emerging economies, and has experienced the effects of the economic slowdown in the United States and Europe. Japan's economy also faces several other concerns, including a financial system with large levels of nonperforming loans, over-leveraged corporate balance sheets, a changing corporate governance structure and large government deficits, which may cause a continued slowdown.

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

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.

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.

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.

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

The MSCI Japan Local Currency Index measures the large- and mid-cap segments of the Japanese market 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&

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 06/23/2017
12:00 AM EST

FXJP
Intraday Stats

  • Last Trade $28.27
  • Current IIV $28.58
  • Change $0.00
  • % Change 0.00%
as of 06/23/2017
  • NAV at market close $28.68
as of 06/23/2017

Fund Yield

  • SEC 30 Day Yield 1.59%
  • Distribution Rate 2.47%
  • 12 Month Distribution Rate 1.97%
  • 30-Day SEC Unsubsidized Yield
    as of 06/22/2017
    1.59%
as of 06/21/2017

Prior Close

  • Closing Price $28.27
  • Bid/Ask Midpoint $28.46
  • Bid/Ask Prem/Disc -$0.22
  • Bid/Ask Prem/Disc -0.77%
as of 03/31/2017

Fund Characteristics

  • Price/Earnings Ratio1 17.50
  • Price/Book Ratio1 1.44
  • ROE2 9.44%
  • Avg Market Cap2 $11,367MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker FXJP
  • CUSIP # 73937B522
  • ISIN US73937B5223
  • Intraday NAV FXJPIV
  • Index Ticker SPJ5LHUN
  • 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 103
    as of 04/03/2017
as of 06/23/2017

Quick Facts

  • Previous Close $28.27
  • Open -
  • Today's High -
  • Today's Low -
  • Today's Volume -
  • N/A 30-Day Avg Trading
    Volume
  • 52 Week High $28.72
  • 52 Week Low $23.00
  • Shares Outstanding .05MM
  • Market Value $1.4MM