PowerShares ETFs

IPKW - PowerShares International BuyBack Achievers™ Portfolio

Equity - International and Global Equity

Product Details

The PowerShares International BuyBack AchieversTM Portfolio (Fund) is based on the NASDAQ International BuyBack AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of common stocks of foreign companies that meet the requirements to be classified as BuyBack AchieversTM. The NASDAQ International BuyBack Achievers Index is comprised of securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in its latest fiscal year. The Fund and the Index are reconstituted annually in July and rebalanced quarterly in January, April, July and October.

as of 01/31/2016 12/31/2015


  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
NASDAQ International BuyBack Achievers Index 7.56 7.56 N/A N/A N/A 4.78
MSCI ACWorld Ex-U.S. Index -5.66 -5.66 1.50 1.06 2.92 -5.01
NASDAQ International BuyBack Achievers Index -6.42 0.36 N/A N/A N/A 1.01
MSCI ACWorld Ex-U.S. Index -6.80 -11.95 -2.17 -0.55 1.51 -8.23
Fund History (%)
Fund NAV 6.75 6.75 N/A N/A N/A 4.01
After Tax Held 6.17 6.17 N/A N/A N/A 3.52
After Tax Sold 3.83 3.83 N/A N/A N/A 2.92
Fund Market Price 7.44 7.44 N/A N/A N/A 3.67
Fund NAV -5.43 0.75 N/A N/A N/A 0.86
After Tax Held -5.43 0.57 N/A N/A N/A 0.60
After Tax Sold -3.08 0.83 N/A N/A N/A 0.74
Fund Market Price -5.21 1.60 N/A N/A N/A 0.67

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 12/31/2015

Growth of $10,000

Data beginning Fund inception and ending 12/31/2015. 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 02/08/2016

Sector Allocation

as of 02/08/2016

Top Country Allocation

as of 02/08/2016 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
9437 NTT DOCOMO Inc 6.31
OR FP L'Oreal SA 5.26
AH Koninklijke Ahold NV 5.26
CP Canadian Pacific Railway Ltd 5.06
MUV2 Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 5.00
DOL Dollarama Inc 4.73
IHG LN InterContinental Hotels Group PLC 4.25
MG Magna International Inc 4.12
9831 Yamada Denki Co Ltd 3.05
RON RONA Inc 2.90

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/18/2015 12/22/2015 12/31/2015 0.18272 0.18272 - - -
09/18/2015 09/22/2015 09/30/2015 - - - - -
06/19/2015 06/23/2015 06/30/2015 0.15722 0.15722 - - -
03/20/2015 03/24/2015 03/31/2015 - - - - -
12/19/2014 12/23/2014 12/31/2014 0.12940 0.12940 - - -
09/19/2014 09/23/2014 09/30/2014 0.02026 0.02026 - - -
06/20/2014 06/24/2014 06/30/2014 0.19906 0.19906 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV Bid/Ask Midpoint Below NAV
Days 0.50-
>2.00% 0.50-
12/31/2015 64 15 4 0 1 0 0
09/30/2015 64 17 0 0 2 0 0
06/30/2015 63 27 1 0 0 0 0
03/31/2015 61 8 3 1 7 0 0
Year Ended 2015 252 67 8 1 10 0 0

Fund Inception: 02/27/2014

 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.

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 engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

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

The Fund may invest in foreign markets and because foreign exchanges may be open on days when the Fund does not price its shares, the value of the non-US securities in the Fund's portfolio my change on days when you will not be able to purchase or sell your shares.

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

The MSCI ACWorld Ex-U.S. Index is an index considered representative of stock markets of developed and emerging markets, with the exception of US-based companies. The Index is computed using the net return, which withholds applicable taxes for non-resident investors.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

NASDAQ® is a registered trademark of The NASDAQ OMX Group, Inc. and Buyback Achievers is a trademark of Mergent, Inc. The marks are licensed for use by Invesco PowerShares Capital Management LLC in connection with the PowerShares International BuyBack Achievers Portfolio. The Fund is not sponsored or endorsed by The NASDAQ OMX Group, Inc. or Mergent Inc. and neither The NASDAQ OMX Group, Inc. nor Mergent, Inc. makes any warranty or any representation as to the accuracy and/or completeness of the Index or results to be obtained by any person from use of the Index or trading of the ETF.

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 02/09/2016
2:39 PM EST

Intraday Stats

  • Last Trade $24.17
  • Current IIV $24.34
  • Change -$0.06
  • % Change -0.26%
as of 02/08/2016
  • NAV at market close $24.58
as of 02/08/2016

Fund Yield

  • SEC 30 Day Yield 2.02%
  • Distribution Rate 2.97%
  • 12 Month Distribution Rate 1.38%
  • 30-Day SEC Unsubsidized Yield
    as of 02/08/2016
as of 02/08/2016

Prior Close

  • Closing Price $24.23
  • Bid/Ask Midpoint $24.37
  • Bid/Ask Prem/Disc -$0.21
  • Bid/Ask Prem/Disc -0.85%
as of 12/31/2015

Fund Characteristics

  • Price/Earnings Ratio1 21.16
  • Price/Book Ratio1 1.63
  • ROE2 15.66%
  • Avg Market Cap2 $15,489MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker IPKW
  • CUSIP # 73937B621
  • ISIN US73937B6213
  • Intraday NAV IPKWIV
  • Index Ticker DRBXUSN
  • Index Provider NASDAQ OMX Group, Inc.
  • Management Fee 0.55%
  • Total Expense Ratio 0.55%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 02/27/2014
  • # of Holdings 50
    as of 02/08/2016
as of 02/09/2016

Quick Facts

  • Previous Close $24.23
  • Open $24.01
  • Today's High $24.25
  • Today's Low $24.01
  • Today's Volume 39,288
  • 52 Week High $29.08
  • 52 Week Low $22.72
  • Shares Outstanding 2.50MM
  • Market Value $61.4MM