PowerShares ETFs

PFIG - PowerShares Fundamental Investment Grade Corporate Bond Portfolio

Fixed Income - US Fixed Income

Product Details

The PowerShares Fundamental Investment Grade Corporate Bond Portfolio (Fund) is based on the RAFI® Bonds US Investment Grade 1-10 Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is comprised of US dollar-denominated bonds that are registered with the SEC or that are Rule 144A securities that provide for registration rights and whose issuers are public companies listed on a major US stock exchange. Only investible non-convertible, non-exchangeable, non-zero, fixed coupon high-yield corporate bonds qualify for inclusion in the Index. Based on the Fundamental Index® methodology developed by Research Affiliates, LLC, the Index is compiled and calculated by Ryan ALM, Inc. The Fund and the Index are rebalanced monthly and reconstituted annually in March.

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 (%)
RAFI Bonds US Investment Grade 1-10 Index 0.81 1.72 2.76 4.41 N/A 3.52
Barclays U.S. Corporate Index -0.92 0.75 3.23 5.11 5.19 4.36
Fund History (%)
Fund NAV 0.75 1.34 2.43 N/A N/A 2.97
After Tax Held 0.20 0.25 1.44 N/A N/A 2.01
After Tax Sold 0.43 0.75 1.42 N/A N/A 1.87
Fund Market Price 0.24 1.82 2.32 N/A N/A 3.07

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. 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 The results assume that no cash was added to or assets withdrawn from the Index.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 08/25/2015

Sector Allocation

Quality Allocations as of 08/25/2015

S&P Moody's
AAA : 1% Aaa : 1%
AA : 9% Aa : 6%
A : 41% A : 34%
BBB : 48% Baa : 57%
BB : 1% Ba : 1%
B : 0% B : 0%
CCC : 0% Caa : 0%
Not Rated : 0% Not Rated : 0%

as of 08/25/2015 Maturity

Years % of Fund
0 - 1 years 6.54
1 - 5 years 41.23
5 - 10 years 52.23
10 - 15 years 0.00
15 - 20 years 0.00
20 - 25 years 0.00
25 years and over 0.00

as of 08/25/2015Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date S&P / Moody's Rating† Weight
Wal-Mart Stores Inc 3.25% 10/25/2020 AA/Aa2 0.99%
Mondelez International Inc 4.12% 02/09/2016 BBB/Baa1 0.88%
Citigroup Inc 6.12% 11/21/2017 A-/Baa1 0.79%
Jefferies Group LLC 6.88% 04/15/2021 BBB-/Baa3 0.66%
Hartford Financial Services Group Inc/The 5.12% 04/15/2022 BBB+/Baa2 0.65%
Marsh & McLennan Cos Inc 4.80% 07/15/2021 A-/Baa1 0.64%
Kimberly-Clark Corp 6.12% 08/01/2017 A/A2 0.63%
Marathon Petroleum Corp 5.12% 03/01/2021 BBB/Baa2 0.63%
Verizon Communications Inc 5.15% 09/15/2023 BBB+/Baa1 0.63%
L-3 Communications Corp 5.20% 10/15/2019 BBB-/Baa3 0.62%

Holdings are subject to change and are not buy/sell recommendations.

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
08/14/2015 08/18/2015 08/31/2015 0.05397 0.05397 - - -
07/15/2015 07/17/2015 07/31/2015 0.05344 0.05344 - - -
06/15/2015 06/17/2015 06/30/2015 0.05420 0.05420 - - -
05/15/2015 05/19/2015 05/29/2015 0.05472 0.05472 - - -
04/15/2015 04/17/2015 04/30/2015 0.05362 0.05362 - - -
03/13/2015 03/17/2015 03/31/2015 0.05376 0.05376 - - -
02/13/2015 02/18/2015 02/27/2015 0.05345 0.05345 - - -
01/15/2015 01/20/2015 01/30/2015 0.05293 0.05293 - - -
12/15/2014 12/17/2014 12/31/2014 0.05505 0.05505 - - -
11/14/2014 11/18/2014 11/28/2014 0.05000 0.05000 - - -
10/15/2014 10/17/2014 10/31/2014 0.05250 0.05250 - - -
09/15/2014 09/17/2014 09/30/2014 0.05000 0.05000 - - -
08/15/2014 08/19/2014 08/29/2014 0.05000 0.05000 - - -
07/15/2014 07/17/2014 07/31/2014 0.05000 0.05000 - - -
06/13/2014 06/17/2014 06/30/2014 0.05000 0.05000 - - -
05/15/2014 05/19/2014 05/30/2014 0.05000 0.05000 - - -
04/15/2014 04/17/2014 04/30/2014 0.05000 0.05000 - - -
03/14/2014 03/18/2014 03/31/2014 0.05000 0.05000 - - -
02/14/2014 02/19/2014 02/28/2014 0.05000 0.05000 - - -
01/15/2014 01/17/2014 01/31/2014 0.05000 0.05000 - - -
12/24/2013 12/27/2013 12/30/2013 0.01297 0.01297 - - -
12/13/2013 12/17/2013 12/31/2013 0.04900 0.04900 - - -
11/15/2013 11/19/2013 11/29/2013 0.04900 0.04900 - - -
10/15/2013 10/17/2013 10/31/2013 0.04500 0.04500 - - -
09/13/2013 09/17/2013 09/30/2013 0.04500 0.04500 - - -
08/15/2013 08/19/2013 08/30/2013 0.04500 0.04500 - - -
07/15/2013 07/17/2013 07/31/2013 0.04500 0.04500 - - -
06/14/2013 06/18/2013 06/28/2013 0.04293 0.04293 - - -
05/15/2013 05/17/2013 05/31/2013 0.04244 0.04244 - - -
04/15/2013 04/17/2013 04/30/2013 0.04248 0.04248 - - -
03/15/2013 03/19/2013 03/28/2013 0.04251 0.04251 - - -
02/15/2013 02/20/2013 02/28/2013 0.04082 0.04082 - - -
01/15/2013 01/17/2013 01/31/2013 0.04104 0.04104 - - -
12/14/2012 12/18/2012 12/31/2012 0.07446 0.07446 - - -
11/15/2012 11/19/2012 11/30/2012 0.04583 0.04583 - - -
10/15/2012 10/17/2012 10/31/2012 0.04040 0.04040 - - -
09/14/2012 09/18/2012 09/28/2012 0.04126 0.04126 - - -
08/15/2012 08/17/2012 08/31/2012 0.04987 0.04987 - - -
07/13/2012 07/17/2012 07/31/2012 0.04437 0.04437 - - -
06/15/2012 06/19/2012 06/29/2012 0.04429 0.04429 - - -
05/15/2012 05/17/2012 05/31/2012 0.04462 0.04462 - - -
04/13/2012 04/17/2012 04/30/2012 0.04943 0.04943 - - -
03/15/2012 03/19/2012 03/30/2012 0.04840 0.04840 - - -
02/15/2012 02/17/2012 02/29/2012 0.05464 0.05464 - - -
01/13/2012 01/18/2012 01/31/2012 0.05403 0.05403 - - -
12/15/2011 12/19/2011 12/30/2011 0.07806 0.07806 - - -
11/15/2011 11/17/2011 11/30/2011 0.08278 0.08278 - - -

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 1 0 0 0 0 0
03/31/2015 61 2 0 0 0 0 0
12/31/2014 64 2 0 0 0 0 0
09/30/2014 64 1 0 0 0 0 0
Year Ended 2014 252 3 0 0 2 0 0

Fund Inception: 09/15/2011

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

† Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. Futures and other derivatives are not eligible for assigned credit ratings by any NRSRO and are excluded from quality allocations. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.

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.

Fixed-income investments are subject to credit risk of the issuer and the effects of changing interest rates. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating. Due to anticipated Federal Reserve Board policy changes, there is a risk that interest rates will rise in the near future.

The Fund's use of a representative sampling approach will result in its holding a smaller number of bonds than are in the underlying Index, and may be subject to greater volatility.

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.

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

The Barclays U.S. Corporate Index is an unmanaged index considered representative of fixed-rate, investment-grade taxable bond debt.

Fundamental Index®, Research Affiliates®, RAFI® and all other RA trademarks, trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC. The RAFI® Bonds US Investment Grade 1-10 Index is calculated and maintained by ALM Research Solutions, Inc. (a wholly owned subsidiary of Ryan ALM, Inc.) in conjunction with Research Affiliates, LLC and is the exclusive property of Research Affiliates.

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 08/27/2015
3:58 PM EST

PFIG
Intraday Stats

  • Last Trade $25.20
  • Current IIV $25.08
  • Change $0.00
  • % Change 0.00%
as of 08/25/2015
  • NAV at market close $25.13
as of 08/25/2015

Fund Yield

  • SEC 30 Day Yield 2.48%
  • Distribution Rate 2.58%
  • 12 Month
    Distribution Rate
    2.54%
  • 30-Day SEC Unsubsidized Yield
    as of 08/21/2015
    2.47%
as of 08/26/2015

Prior Close

  • Closing Price $25.20
  • Bid/Ask Midpoint $25.15
  • Bid/Ask Prem/Disc $0.02
  • Bid/Ask Prem/Disc 0.08%
as of 08/21/2015

Fund Characteristics

  • Effective Duration 4.32 yrs
  • Modified Duration 4.26 yrs
  • Yield to Maturity 2.72%
  • Yield to Worst 2.71%
  • Years to Maturity 4.91
  • Weighted Avg Coupon 4.36%
  • Weighted Avg Price
    as of 08/25/2015
    104.14
As of June 5, 2015, the source of the calculation for these fund characteristics was changed from Aladdin (BRS) to Bloomberg.

Fund Details

  • Fund Ticker PFIG
  • CUSIP # 73937B761
  • ISIN US73937B7617
  • Intraday NAV PFIGIV
  • Index Ticker RAFIIG
  • Index Provider Research Affiliates, LLC
  • Management Fee 0.22%
  • Total Expense Ratio 0.22%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 09/15/2011
  • # of Holdings 300
    as of 08/25/2015
as of 08/27/2015

Quick Facts

  • Previous Close $25.20
  • Open $25.24
  • Today's High $25.24
  • Today's Low $25.12
  • Today's Volume 1,640
  • 52 Week High $30.36
  • 52 Week Low $25.03
  • Shares Outstanding 1.40MM
  • Market Value $35.2MM