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 03/31/2015 03/31/2015


as of 03/31/2015 03/31/2015
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
NASDAQ International BuyBack Achievers Index 6.48 6.78 N/A N/A N/A 7.21
MSCI ACWorld Ex-U.S. Index 3.49 -1.01 6.40 4.82 5.46 -0.17
Fund History (%)
Fund NAV 6.33 6.07 N/A N/A N/A 6.50
After Tax Held 6.33 5.73 N/A N/A N/A 6.18
After Tax Sold 3.58 3.70 N/A N/A N/A 4.94
Fund Market Price 7.31 6.13 N/A N/A N/A 6.17

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 03/31/2015

Growth of $10,000

Data beginning Fund inception and ending 03/31/2015. Fund performance shown at NAV.

as of 06/29/2015

Sector Allocation

as of 06/29/2015

Top Country Allocation

as of 06/29/2015 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
7974 Nintendo Co Ltd 5.71
9432 Nippon Telegraph & Telephone Corp 5.70
MG Magna International Inc 5.12
AMXL America Movil SAB de CV 5.07
AIR Airbus Group SE 5.01
2802 Ajinomoto Co Inc 4.81
AH Koninklijke Ahold NV 4.78
WFD Westfield Corp 4.67
SMWH WH Smith PLC 3.04
SGE Sage Group PLC/The 2.94

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Ordinary Income Short Term Gains Long Term Gains Return of Capital
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-
03/31/2015 61 8 3 1 7 0 0
12/31/2014 64 9 1 1 8 2 0
09/30/2014 64 9 0 0 1 0 0
06/30/2014 63 21 1 0 1 0 0
Year Ended 2014 214 51 3 1 11 2 0

Fund Inception: 02/27/2014

Exclusive Materials

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Exclusive Materials

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 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.

Common stock risk is the financial risk that the value of an individual company's stock may fall as a result of factors directly relating to that company, such as decisions made by its management or lower demand for the company's products or services. Common stocks may decline significantly in price over short or extended periods of time.

Foreign securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments.

Investment in securities in emerging market countries involves risks not associated with investments in securities in developed countries.

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

Much of the income received by the Fund will be in foreign currencies. Because the Fund's net asset value (NAV) is determined in US dollars, the Fund's NAV could decline if the currency of the non-US markets in which the Fund invests depreciate against the US dollar.

A natural or other disaster could occur in a geographic region in which the Fund invests, which could adversely impact the Fund's investments in the affected region.

The Fund will invest in common stocks of foreign issuers, 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 may change on days when you will not be able to purchase or sell your shares.

Investing in securities of small and medium-sized companies may involve greater risk than is customarily associated with investing in large companies.

The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.

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 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 AchieversTM 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 06/30/2015
3:59 PM EST

Intraday Stats

  • Last Trade $27.43
  • Current IIV $27.43
  • Change -$0.10
  • % Change -0.36%
as of 06/29/2015
  • NAV at market close $27.49
as of 06/29/2015

Fund Yield

  • SEC 30 Day Yield 1.17%
  • Distribution Yield 2.29%
  • 12 Month Yield 1.12%
  • 30-Day SEC Unsubsidized Yield
    as of 06/29/2015
as of 06/29/2015

Prior Close

  • Closing Price $27.53
  • Bid/Ask Midpoint $27.46
  • Bid/Ask Prem/Disc -$0.03
  • Bid/Ask Prem/Disc -0.11%
as of 03/31/2015

Fund Characteristics

  • Price/Earnings Ratio1 20.31
  • Price/Book Ratio1 1.70
  • ROE2 14.23%
  • Avg Market Cap2 $15,636MM

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 44
    as of 06/29/2015
as of 06/30/2015

Quick Facts

  • Previous Close $27.53
  • Open $27.64
  • Today's High $27.64
  • Today's Low $27.31
  • Today's Volume 24,381
  • 52 Week High $29.08
  • 52 Week Low $22.47
  • Shares Outstanding 1.65MM
  • Market Value $45.4MM