PowerShares ETFs

KBWD - PowerShares KBW High Dividend Yield Financial Portfolio

Equity - US Equity

Product Details

The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Nasdaq Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 06/30/2015 06/30/2015

Performance


   
as of 06/30/2015 06/30/2015
  YTD 1 Year 3 Year 5 Year 10 Year Fund Inception
Index History (%)
KBW Nasdaq Financial Sector Dividend Yield Index -0.18 0.84 9.41 12.96 N/A 10.16
S&P 500 Financials Index -0.37 9.34 20.81 14.12 0.32 13.11
Fund History (%)
Fund NAV -0.42 0.44 8.97 N/A N/A 9.70
After Tax Held -2.16 -2.48 6.57 N/A N/A 7.24
After Tax Sold -0.22 0.94 6.50 N/A N/A 7.19
Fund Market Price -0.50 0.48 8.99 N/A N/A 9.73

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 06/30/2015

Growth of $10,000

Data beginning Fund inception and ending 06/30/2015. 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 The results assume that no cash was added to or assets withdrawn from the Index.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 07/29/2015

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend 2.91%
Large-Cap Growth -
Mid-Cap Value 22.29%
Mid-Cap Blend -
Mid-Cap Growth -
Small-Cap Value 65.43%
Small-Cap Blend 6.93%
Small-Cap Growth 2.44%

as of 07/30/2015 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PMT PennyMac Mortgage Investment Trust 5.01
ANH Anworth Mortgage Asset Corp 4.35
MCC Medley Capital Corp 4.31
AGNC American Capital Agency Corp 4.18
NLY Annaly Capital Management Inc 4.05
CMO Capstead Mortgage Corp 3.93
HTS Hatteras Financial Corp 3.86
IVR Invesco Mortgage Capital Inc 3.83
TCRD THL Credit Inc 3.82
MFA MFA Financial Inc 3.78

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
07/15/2015 07/17/2015 07/31/2015 0.15361 0.15361 - - -
06/15/2015 06/17/2015 06/30/2015 0.16000 0.16000 - - -
05/15/2015 05/19/2015 05/29/2015 0.16800 0.16800 - - -
04/15/2015 04/17/2015 04/30/2015 0.17776 0.17776 - - -
03/13/2015 03/17/2015 03/31/2015 0.16713 0.16713 - - -
02/13/2015 02/18/2015 02/27/2015 0.17030 0.17030 - - -
01/15/2015 01/20/2015 01/30/2015 0.17906 0.17906 - - -
12/15/2014 12/17/2014 12/31/2014 0.17869 0.17869 - - -
11/14/2014 11/18/2014 11/28/2014 0.17500 0.17500 - - -
10/15/2014 10/17/2014 10/31/2014 0.19500 0.19500 - - -
09/15/2014 09/17/2014 09/30/2014 0.18600 0.18600 - - -
08/15/2014 08/19/2014 08/29/2014 0.18300 0.18300 - - -
07/15/2014 07/17/2014 07/31/2014 0.18300 0.18300 - - -
06/13/2014 06/17/2014 06/30/2014 0.18000 0.18000 - - -
05/15/2014 05/19/2014 05/30/2014 0.18000 0.18000 - - -
04/15/2014 04/17/2014 04/30/2014 0.18000 0.18000 - - -
03/14/2014 03/18/2014 03/31/2014 0.16366 0.16366 - - -
02/14/2014 02/19/2014 02/28/2014 0.14913 0.14913 - - -
01/15/2014 01/17/2014 01/31/2014 0.14807 0.14807 - - -
12/13/2013 12/17/2013 12/31/2013 0.15357 0.15357 - - -
11/15/2013 11/19/2013 11/29/2013 0.15309 0.15309 - - -
10/15/2013 10/17/2013 10/31/2013 0.14478 0.14478 - - -
09/13/2013 09/17/2013 09/30/2013 0.15296 0.15296 - - -
08/15/2013 08/19/2013 08/30/2013 0.15431 0.15431 - - -
07/15/2013 07/17/2013 07/31/2013 0.16033 0.16033 - - -
06/14/2013 06/18/2013 06/28/2013 0.17405 0.17405 - - -
05/15/2013 05/17/2013 05/31/2013 0.17018 0.17018 - - -
04/15/2013 04/17/2013 04/30/2013 0.18020 0.18020 - - -
03/15/2013 03/19/2013 03/28/2013 0.16673 0.16673 - - -
02/15/2013 02/20/2013 02/28/2013 0.16765 0.16765 - - -
01/15/2013 01/17/2013 01/31/2013 0.17016 0.17016 - - -
12/14/2012 12/18/2012 12/31/2012 0.17021 0.17021 - - -
11/15/2012 11/19/2012 11/30/2012 0.16689 0.16689 - - -
10/15/2012 10/17/2012 10/31/2012 0.15474 0.15474 - - -
09/14/2012 09/18/2012 09/28/2012 0.16113 0.16113 - - -
08/15/2012 08/17/2012 08/31/2012 0.16155 0.16155 - - -
07/13/2012 07/17/2012 07/31/2012 0.17177 0.17177 - - -
06/15/2012 06/19/2012 06/29/2012 0.17807 0.17807 - - -
05/15/2012 05/17/2012 05/31/2012 0.17785 0.17785 - - -
04/13/2012 04/17/2012 04/30/2012 0.17997 0.17997 - - -
03/15/2012 03/19/2012 03/30/2012 0.20317 0.20317 - - -
02/15/2012 02/17/2012 02/29/2012 0.18645 0.18645 - - -
01/13/2012 01/18/2012 01/31/2012 0.17848 0.17848 - - -
12/27/2011 12/29/2011 12/30/2011 0.10785 0.10785 - - -
12/15/2011 12/19/2011 12/30/2011 0.28500 0.28500 - - -
11/15/2011 11/17/2011 11/30/2011 0.20263 0.20263 - - -
10/14/2011 10/18/2011 10/31/2011 0.20483 0.20483 - - -
09/15/2011 09/19/2011 09/30/2011 0.20352 0.20352 - - -
08/15/2011 08/17/2011 08/31/2011 0.18557 0.18557 - - -
07/15/2011 07/19/2011 07/29/2011 0.18566 0.18566 - - -
06/15/2011 06/17/2011 06/30/2011 0.17798 0.17798 - - -
05/13/2011 05/17/2011 05/31/2011 0.18637 0.18637 - - -
04/15/2011 04/19/2011 04/29/2011 0.18611 0.18611 - - -
03/15/2011 03/17/2011 03/31/2011 0.19994 0.19994 - - -
02/15/2011 02/17/2011 02/28/2011 0.17891 0.17891 - - -
01/14/2011 01/19/2011 01/31/2011 0.19201 0.19201 - - -
01/04/2011 01/06/2011 01/31/2011 0.33308 0.33308 - - -

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%
06/30/2015 63 0 0 0 0 0 0
03/31/2015 61 0 0 0 0 0 0
12/31/2014 64 0 0 0 0 0 0
09/30/2014 64 0 0 0 0 0 0
Year Ended 2014 252 0 0 0 0 1 0

Fund Inception: 12/02/2010

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.


Materials & Resources

 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 sector, such as financial services, are subject to greater risk and are more greatly impacted by market volatility, than more diversified investments.

Securities that pay high pidends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high pidends.

Investments in real estate related instruments may be affected by economic, legal, or environmental factors that affect property values, rents or occupancies of real estate. Real estate companies, including REITs or similar structures, tend to be small and mid-cap companies and their shares may be more volatile and less liquid.

There are certain risks inherent in investing in Business Development Corporations ("BDCs"). The Investment Company Act of 1940, as amended (the "1940 Act"), imposes certain restraints upon the operations of a BDC. Generally, little public information exists for private and thinly traded companies and there is a risk that investors may not be able to make a fully informed investment decision. Additionally, limitations on asset mix and leverage may prohibit the way that the BDC raises capital. BDCs generally invest in less mature private companies which involve greater risk than well-established publicly-traded companies. To the extent that the Fund invests a portion of its assets in BDCs, a shareholder in the Fund will bear not only his or her proportionate share of the expenses of the Fund, but also, indirectly the expenses of the BDCs.

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 S&P 500® Financials Index seeks to provide an effective representation of the financial sector of the S&P 500® Index. The S&P 500 Index is an unmanaged index considered representative of the U.S. stock market.

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

"Keefe, Bruyette & Woods, Inc.", "KBW Nasdaq Financial Sector pidend Yield Index" and "KBW" are trademarks of KBW and have been licensed for use by Invesco PowerShares Capital Management LLC. The PowerShares KBW High pidend Yield Financial Portfolio is not sponsored, endorsed, sold or promoted by KBW and KBW makes no representation regarding the advisability of investing in The PowerShares KBW High pidend Yield Financial Portfolio. Invesco PowerShares Capital Management LLC is not affiliated with KBW.

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 07/31/2015
4:00 PM EST

KBWD
Intraday Stats

  • Last Trade $24.01
  • Current IIV $24.01
  • Change $0.03
  • % Change 0.13%
as of 07/30/2015
  • NAV at market close $23.96
as of 07/30/2015

Fund Yield

  • SEC 30 Day Yield 9.03%
  • Distribution Rate 7.69%
  • 12 Month
    Distribution Rate
    8.74%
  • 30-Day SEC Unsubsidized Yield
    as of 07/30/2015
    9.03%
as of 07/30/2015

Prior Close

  • Closing Price $23.98
  • Bid/Ask Midpoint $23.96
  • Bid/Ask Prem/Disc -
  • Bid/Ask Prem/Disc -
as of 06/30/2015

Fund Characteristics

  • Price/Earnings Ratio1 11.77
  • Price/Book Ratio1 1.28
  • ROE2 6.27%
  • Avg Market Cap2 $3,127MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker KBWD
  • CUSIP # 73936Q793
  • ISIN US73936Q7934
  • Intraday NAV KBWDIV
  • Index Ticker KDXTR
  • Index Provider Keefe, Bruyette & Woods, Inc.
  • Management Fee 0.35%
  • Acquired Fund Fees & Expenses 2.45%
  • Total Expense Ratio 2.80%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 12/02/2010
  • # of Holdings 37
    as of 07/30/2015
as of 07/31/2015

Quick Facts

  • Previous Close $23.98
  • Open $24.00
  • Today's High $24.09
  • Today's Low $23.96
  • Today's Volume 29,832
  • 52 Week High $26.30
  • 52 Week Low $22.60
  • Shares Outstanding 13.25MM
  • Market Value $317.5MM